Seven legit ways to make money online.
I think when it comesto making money online,
most people they make itso complicated, right?
They make it so many steps,and so many business models,
and so many different strategies,and different tactics.
Today I’m going to give you some clarity.
So seven legit ways to make money online,
way number one and that is ecommerce.
Ecommerce I’m referring to selling,
let’s say on Amazon, Shopify, right?
You’re selling a a physical product,
maybe you get it from China,
you get it from Alibaba,
even when you’re sellingproducts on eBay, right?
That’s the ecommerce business model.
It’s one of the most profitablebusiness models online.
However, it also is theone that requires you
the most amount of capital and experience.
Now you’re dealing withcustomer service, right?
You’re building a team,you’re fulfilling the product.
You are dealing with the image, the photo.
You’re driving traffic,
maybe through the search engine, right?
You’re doing paid traffic.
You are trying to tweakyour ecommerce site
so that you get more sales, right?
And then maybe you do some affiliate deal.
But your margins areusually not very very high
because you’re selling a physical product.
A B2C model, business to consumer.
So what it means that youneed to sell a lot of volume
in order to make any significantamount of money, right?
Second legit way to make money online
and that is drop shipping.
Now what if you don’thave a product to sell?
What if you don’t have a lot of money,
a lot of capital to getstarted, then what do you do?
Well drop shipping is another model.
There a lot of peoplemaking a decent amount
of money with this model,
Now with this model,you’re basically working
with a wholesaler or a distributor,
where they have all the products
and they would do the fulfillment.
What you do you,
you’re actually actingas a marketer, right?
You’re driving the trafficthrough social media,
email, marketing, your website.
You can set up like a virtualstorefront where you take
the order and then you sendthe order to a wholesaler
or a distributor, theywould ship it for you.
Typically they would charge you money,
and sometimes they chargeyou kind of a handling fee,
could be a $2, $3 or $5.
And that’s how you make money.
Now, your margin is very thin,
because you’re selling one item at a time.
You have to be very carefulknowing how much you can spend
to acquire each customer,to drive traffic.
How much you can spend
to acquire each visitor to your website.
So your metrics, you haveto know very very well,
because this thing, you couldspend a whole bunch of money,
and if you don’t make those sales,
you’re the one that’staking the risk, right?
The wholesaler, the distributor,there’s no risk, right?
They only fulfill a productwhen you make a sale.
So as a marketer as a dropshipping business model,
you’re the one that’sdoing all the marketing,
you have to front end alot of marketing costs,
and you only get paidafter you make a sale.
The third legit ways to make money online
and that is affiliate marketing,
I love the affiliate marketing model,
that’s actually how I made myfirst fortune on the internet,
my first bucket of gold.
Now, what’s beautiful about theaffiliate marketing model is
you’re acting as a middle person, right?
It doesn’t require youto have your own product,
you can choose a handful of good products
that you believe in,
and you don’t have todeal with the inventory,
you don’t have to dealwith the fulfillment.
All you need to focus on isbeing a good middle person
to sell these products online.
And you can test different traffic sources
and you can pay traffic or free traffic,
drive them to the affiliateoffer and from there,
that’s it, right?
And you measure and track the performance
and then you’ll be able
to get a commissioncheck every single month.
Even after all theseyears, until this day,
for the work that I did two,three, five, eight years ago
as an affiliate marketer, I’mstill getting paid, right?
It still provides a nicestream of income point
for the work that I did so many years ago.
So I love the affiliate marketing model,
but there’s one catch.
In order to be a goodaffiliate marketer, guess what?
You have to be a good marketer.
You have to know whatyou’re doing in terms
of doing online type marketing, right?
You have to know what isit that you are working on.
It is not an easy thing, but it is easier
than other types of waysto make money online.
Oh, I got a message here.
Gotta stay hydrated.
Legit way to make money number four.
And that is,
SAS, or software business.
Now, software business isa huge business online.
It is a model that is absolutely scalable
if you know what you’re doingand you can see companies
making millions of dollars,10s of millions of dollars,
hundreds of millions of dollars.
I’m talking about Infusionsoft,
it could be ActiveCampaign,
it could be GoToMeeting, right?
It could be even hosting,tracking software,
a software that solves aproblem in the marketplace.
Now this model, why this is so powerful,
it’s because it doesn’t matter if you sell
that piece of software to one customer
or 10,000 customers,it is the same product
that gets replicated thatmany, many, many user
can use at the same time,
and that’s why it’s sucha powerful business model.
And when it comes to technology now,
you can hire developers,you can hire programmers
to develop those software for you.
Problem is, a software not done right,
you could burn hundredsof thousands of dollars,
millions of dollarsbefore getting a return.
But if you know what you’re doing,
software on the internet absolutely
one of the most powerful ways
to make millions of dollars online.
Now Google AdSense isan advertising program
that allows you to run ads on your website
or blog or YouTube videos.
And you get paid whenvisitors click on them.
The ads are generated from businesses
that use the Google AdWords account.
Now with Google, you needto have a lot traffic.
Maybe you can create some kind of blog,
maybe it’s a YouTube channel,
but you need a lot of visitors to make
any significant amount of money.
Now the good thing is,it’s free to join, right?
It doesn’t cost you anything to join.
But the downside is you need to create
a lot of content in order to create
a decent amount of income orto maintain a good income.
I have a friend of mine who used to make a
ton of money with Google AdSense.
At his heyday, he was makingover a million dollars a year
with just AdSense and now guess how much
his blog’s making him?
Less than $30,000 a year.
So, it’s one way to make money,
but it’s not as good as it used to be.
Legit way to make money online number six,
and that is what I callthe expert business.
Now we’re talking aboutpackaging your expertise,
your skills, your knowledge, your passion
into some kind of a product.
I’m talking about online courses,
I’m talking about training programs.
I’m also talking about servicesthat you could provide.
Maybe you are a digital marketer,
you are running a social media agency.
You are doing any types of programs
that enhance people’s business,enhance people’s lives.
That’s what I call the expert business.
Number seven, the last legitway to make money online,
and that is through YouTube.
Now with YouTube, you think about YouTube
could put everything together for you.
Let’s say you have an ecommerce business,
you could create demonstration videos
and upload them to YouTubeand in the description
you can drive all the trafficback to your ecommerce site.
You can do also tutorials teaching people
how to use your productson YouTube as well.
Or if you’re in thedrop shipping business,
it is the same thing,
you can have various keywords,
different types of videos on YouTube
that people are searching for right now.
And they watch the video,they like the product
and then click the link andthey could go to your website,
your virtual storefront and buy from you.
And then when you get an order,
you can send that to your wholesaler
and they can fulfill theorder for you as well.
And remember, we also talk about
the affiliate marketing business.
Now, because the affiliatemarketing business
it’s so competitive,
it’s not just you asan affiliate promoting
that particular offer,that particular product.
One of the ways you canmake yourself stand out
instead of just drivingtraffic to the offer directly,
in between you can drive themto your email list, right?
Where you are educatinginforming your potential buyers,
through YouTube, throughvideos, through content,
building that trust.
And then once they wantto learn more about it,
they click on a link,and then they could buy
your affiliate offer as well.
AdSense, you can combine that, obviously,
with YouTube because Google owns YouTube.
YouTube is using theGoogle AdSense platform,
The expert business, software,
if you want to reach a massmarket very very quickly,
you can easily run ads on YouTube.
And giving away maybe a free trial,
the freemium model for your software
and from YouTube they can seeit, you can reach millions
and millions of people just like that.
And from there, youcan get a lot of users.
Even you want to test out the product,
you want to see howyou like your software,
that’s one way to do that.
And that’s why I think YouTube,
if you have a strong YouTube channel,
you can combine all theseways of making money
into this one thing.
If you have a strong YouTubechannel you will enhances
any of these revenue streamsthat you have right now.
If you want to know howI grew my YouTube channel
from zero to over a million subscribers
in record time withoutspending a dime on advertising,
click a link here andget yourself registered
for my free master class.
I’m going to take you behind the scenes
and share with you my personal story,
how I became a YouTuberkind of by accident
and how I have made over a million dollars
directly from YouTube.
If you want to know how I do that,
click a link here or somewhere here
and I’ll see you in class.
Seven legit ways to make money online.