In my opinion, there is no ‘best way to make money online from home’ but rather the way that feels most comfortable to you. Hopefully, I will be able to help you understand some more popular or preferred ways to make money online. But I must warn you that, there is still an educational process involved and even now I still struggle to get my head around certain techniques and systems. The examples given are only a small selection that I have compiled and are by no way the ultimate way to make money online.
I will try to explain them in the simplest form so you can explore the possibilities in more depth. I may review techniques or systems. But I will only recommend what has worked for me. Why? Far too many people recommend products and systems without actually understanding what they are offering. I get really frustrated when websites just show images of ‘Loads of Cash’ either falling from the sky or piled up because it makes people think that’s what they are going to get in five minutes.
Although this can be true, you can generate a substantial income from an online business. It doesn’t mean join this and get loads of dosh! Any decent online marketer will tell you it takes a lot of time, effort and learning the processes involved. Something a lot of people don’t realize when setting up a business online.
This should be what all businesses are doing
This is without a doubt the first thing any business should be doing. Have an ‘online presence’!
What!!! I hear you shouting. You’ll be amazed at how many businesses don’t have an online presence. I’m not talking about Facebook, I’m talking about their own website. The one thing they own and have complete control of, any ‘Brick and Mortar’ business should have an online shop so to speak advertising there products or services
Yes, it’s that simple, but so many people are not doing it or doing it badly. I can even show you how to get a website set up for free. If you have a product or service that someone wants, put it online and let everyone know about it.
Create a virtual store – sell your products
This is a great way to get started. If you have no real business place and operate out your back bedroom all you need is an online shop front and you are away. Shopify is a great way to build a professional online shopfront to sell your products. It’s not the cheapest option but it has a lot of the systems in place to enable you to grow your online business quickly and more successfully. One of the main issues are the shopping carts which handle the customer’s transactions. That’s why Shopify is a great E-commerce platform to work with.
What if I have no products or services?
Affiliate products are a great way to start, some most successful people online sell affiliate products. But what is an affiliate product? To keep it simple, it’s when a person promotes a product or service that they don’t own in exchange for a commission/payment. Some of the biggest companies in the world offer affiliate products, such as Amazon and it is by far one of the easiest and most cost-effective ways to get started. Choose something you are happy to promote.
Quick tip!! Make sure you know what you are promoting.
So many people have no idea what they are selling and this is something I feel quite strongly about. Also, choose a product you like or have an interest in.
Link to my page
Just to give you an idea of what’s out there, CLICK BANK is one of the biggest affiliate product providers online. It’s a huge marketplace with all sorts of topics and interests. However, if you do go down this route, by the product and test it out. You have to have complete faith in what you are promoting – see my quick tip above for a reminder.
I personally don’t use ‘Click Bank’ but it is a highly recommended resource for affiliate products and is a long-established platform. One advantage with the products being sold on Click Bank are the materials and resources offered by the owners to affiliates (Such as, banners, sales copy, splash pages, etc,) which helps affiliates to promote the product they have chosen. However, I don’t recommend promoting things in this way for certain reasons.
To learn the correct way, Check out MY Number 1 Recommendation!
Sell your expertise!
If you are a professionally trained person in a trade or you have certain skills, you could create a training platform. Some people create groups offering monthly training for a reasonable monthly fee. An example of this is a person uses Facebook as a closed group offering monthly training to their subscribers.
YouTube is another platform you can use to do the same thing and monetize. Create training videos that you can upload to your account as small ‘bite-sized’ training videos in the particular area that you are promoting.
Quick example: A mechanic creates a series of training videos
- How to successfully service your own car.
- How to safely change a tire and what to look for when checking your vehicle.
- 5 top products and tools you absolutely need and why!
Here are the numbers on this as an example. $20 monthly training subscription with only 50 members per month is an extra $1000 per month! All you have to do is concentrate on making new training that people need and growing the number of members in the group. Bingo!!!!
Some people don’t feel comfortable doing online videos, I get that. But you can screen share, so you don’t need to show your face if you are camera shy.
Another training option that is becoming more popular is webinars.
Buy, Buy – Sell, Sell!
Why not look at online trading. If you have money to invest in an online trading system, you can work from home working your online investments accordingly. It’s a stocks and shares platform, that you use to grow your investment. The only issue with this – you’ll need a sizeable amount of capital but there are hundreds of people who successfully manage their own online portfolio, buying and selling stocks and share on a daily basis.
Quick tip!! Make sure you research any companies thoroughly, read reviews and speak to the companies directly. The last thing you want is to lose any of your hard-earned cash. Make sure you are in control of things!!!!
Online Surveys – your opinion counts!
This is something I’ve never done but I’ve seen plenty of them online. They take around twenty minutes to complete, some longer than others for the reward of a small payment each time you complete a survey. Market research companies would be a good place to start looking, but again, make sure you do your good diligence to make sure they are, who they say they are. I’m not sure what kind of commission you are paid but the advantage is you can work things around your commitments.
So what is the best way to make money online from home?
With so many choices, it’s my opinion the best way to make money online from home is through Affiliate Marketing. The reason why is you can set a business up relatively easily and use someone else’s products or services to sell. So you have very little overheads or expenditure to payout, to me, it is the quickest way to get started. Don’t get me wrong, you still have to put the effort and time in like any business. And that is the thing, treat it like a business – not like a hobby! Because if you do, that’s all it will be a hobby.
There are so many ways to build a business through affiliate marketing, some of the biggest companies on the planet offer affiliate marketing programs simply because it increases their revenue massively. Plus it’s a cost-effective way to help them promote their business.
So what is Affiliate Marketing?
Simply put:
- Customer (A) Searches for Product or Services
- Your Website (B) reviews products or Services customer needs
- Customer (A) Purchases through links from your website
- Business (A) Selling Product or Service pays you a commission
The above explanation is very basic to help you understand the cycle, obviously, there is a little more to it, but this is the principle of how it all works. The main issue is solving the customer problem by giving them value.
It not about simply telling people to buy a product or service, too many people do that and I very rarely see it work. With anything there is a learning curve, this is one of the reasons for this website to help you on your way. If you want to learn more about Affiliate Marketing just check out my Number 1 Recommendation – and why I recommend it because I also use it!
Final tip!! One thing I have learned over the years, it’s not all about selling. This is the same for ‘online or offline’ businesses, it’s about building a relationship and trust between customer and provider, it doesn’t matter what you are offering. If that relationship or trust is not there, then there is no business and it will not survive. I see this all the time with people promoting offers constantly, telling people to buy one thing, then another thing, customers will simply switch off.
I recently helped a supplier of mine with a technical issue they had encountered. Now they offered to pay me, with which I replied. ‘No, you don’t owe me anything, it’s fine’
But I know that a simple act of goodwill will be well rewarded for another time…
Whatever you decide to do, just make sure you are using it! Be true to yourself, your customer and their needs. It’s not all about selling – sometimes it’s simply helping. There are other ways to make money online, such as
- Blogging,
- Vlogging (Video Blogging),
- Publishing with Print on Demand.
- E-books which can be sold on Amazon
- Trading sites such as eBay