There is an abundance of ideas and recommendations on the internet that seem alluring to make money online. It is very appealing to believe that not only can you make money from home but that you have opportunities to work towards a life that is free from debt. Some of the main areas I have recently done a lot of searching and learning about are affiliate programs and dropshipping. Of course, there are many more such as, promoting your own business or products especially if you have a specialty that you can teach or train. But affiliate programs and dropshipping don’t take much cash to start up.
Affiliate progams
Affiliate programs are a fairly easy and quick way to get started. Commissions can be anywhere from pennies to large dollar amounts depending on the Niche you want to focus on. The great thing is that you don’t have to be an expert on a niche. You will become an expert solely by being dedicated and doing your research. Essentially any product or service company has an affiliate program. For example, retail stores have affiliate opportunities. With a click of a button, you will have the opportunity to place their information on your websites and promote their products. When someone clicks on your link to buy the product you will get a commission. It’s that simple
Dropshipping
Another great area is Dropshipping. Here you create your online store name and begin to add products to your store. The key to a great dropshipping business is finding those products that are unique. Products that people don’t necessarily actively search for but unique items that they come across on your sites and realize it’s an item they really want to try. It’s more like impulse buying. I find myself impulse buying when I am on let’s say Facebook and some rare new item pops up. I think wow that would be an awesome item to have and I find myself drawn to click on the site to learn more about it.
Product promotions
Promoting your own products is an area that may eventually return pretty good profits but the initial start-up costs could require more than most people can afford. you will see these people on shark tank asking for capital for shares of their business. The most important thing there is having a business plan as well as showing those shark tank investors that you have done your research and really have a sound business idea. For some people, this can get more complicated than they can develop. You almost have to be an expert on developing business plans and that really is an area that most people don’t know much about. Just having a great product isn’t enough. There is also the reality that you need to pay for a patent in order for others not to copy your ideas. these can get pretty costly and sounds super boring to me.
Training and education
Another great idea is using youtube videos to promote training ideas and education material. For example, maybe you are great at creating something unique or even something that is common. Let’s say for example quilting, if you are really good at training and teaching others you could build a complete business around developing training videos and training programs to sell. This can be pretty profitable in that you have almost no upfront costs. Profits can be near 100%. The downside to this is do you feel comfortable enough to put yourself on videos? Me personally it gives me some anxiety to think that I can create videos that anyone would want to watch or learn from.
No matter what area interests you the main objective is to pick something and get started. There is a multitude of training videos and programs out there selling their services that will help support you in whatever area you decide to initiate. But just like the lottery, you can’t win until you play, with regards to online money making, you can’t make money until you get started!