Our 5 Step Guide to Making Money Online will give you all the tools and resources you need to create your own incoming producing online business.
We’ll discuss the most lucrative ways that entrepreneurs make money in today’s online world.
We’ll also guide you through the process of building a successful long-term online business (a.k.a. passive income).
I too was looking to learn how to make real, honest money online.
I wanted to create an online business that would (eventually) produce passive income and I found out exactly how it’s done.
Ready to get started, great, let’s begin.
Understanding The Basics of Making Money Online
I see a lot of confusion online about how to make money in this crazy internet world. Tons of people selling Multi-Level Marketing (MLM) schemes, pyramid systems, tiered programs, advertising plans, and the list goes on and on…
Many systems aren’t really selling anything of value, many are often overpriced, and perhaps worst of all, many sell the concept of “making money online” as something that’s easy to do.
These types of systems prey on our basic instinct to seek pleasure and avoid pain. Most of us love the idea of getting rich quick with little to no effort.
We’d love to click away for a few hours, watch as the money rolls in and call it a day.
But that simply isn’t realistic. Well at least not at first, it happens, but you first have to provide a business service that helps people, discussed more below.
Anyone pushing a get-rich-quick system or program is, more likely than not, selling you some sort of scam. Take a minute and read my post ‘How to Spot A Scam‘ to better educate yourself on how to stay away from these types of programs.
The reality is, however, that you can make honest money online in a number of ways.
Real Ways To Make Money Online
1.) Online Surveys & Tasks
You can make a little money with them, but bottom line, don’t do them. When you add up your time it takes to qualifying for online surveys/tasks, etc., it comes out to you making less than $2 – $3 dollars/hour.
Plus you risk getting your email spammed and even scammed with some of the systems out there. The only people who make money in Online Surveys/Tasks are the companies that offer the Online Surveys/Tasks.
2.) Selling Products On Amazon or eBay
This is a great way to start out making money online and can be a lot of fun. The tough thing about this as a long-term business is where to get new products that sell fast. You can develop one product and create your own brand.
This can be very lucrative, but takes a good amount of up-front capital.
You can learn how to import and drop-ship on Amazon/eBay right here (first hand training from a Power eBay/Amazon Seller).
Where to find products to sell? Sell your old stuff, find bargains in clearance sales, or import products.
Importing products comes with high rewards and a good amount of risk. You should have a good amount of capital to make substantial money, but you can get started with as little as $500 – $1,000 dollars.
We recently published a new post about selling on amazon for beginners, if you’d like to read it later, click here and it will pop open in a new window.
3.) Creating Landing Pages And Selling Via Email Marketing
There’s a good amount of new programs selling systems to teach this technique. It’s a good technique, but most of the programs teaching this system are flawed because they cut corners.
They teach you how to..
- Build a landing page
- Pay to get traffic to the landing page
- Hopefully convert that traffic to sign up for your email opt-in service
- Then sell affiliate products to your email list
This is not a new concept and can be very successful if used in conjunction with a blog or niche website (discussed below). But it can also be completely ineffective.
You need to build trust with your email list before they will ever buy products from you.
What do you do with most sales emails in your inbox? I delete them unless it’s something I know, trust, and want. And I bet you do the same thing too.
So having a well established blog or niche site that allows you to connect to your website audience will help create that trust you need to sell products to your email list.
4.) Creating Your Own Digital Product/Membership Site
This is also a very cool concept. If you have a special skill, knowledge about a particular subject, or service that can be turned into an eBook, educational video, or membership site, you can make great money online.
This can be a bit more complicated and costly when first starting out, plus you really need to understand SEO and learn how to drive traffic to whatever product or service you are selling.
If this is what you are looking for, you could check out Clickbank University. Clickbank is the largest digital marketplace and they have a program to teach you how to create these types of sites.
Note: I wouldn’t learn affiliate marketing from these guys solely, there’s better educational program for this (see below).
5.) Blogs And Niche Websites
This is really the best way to make money online for most everyone and has huge passive income potential. It’s inexpensive to start a blog/niche website, the financial risk is extremely low, and the profit potential is limited only to your imagination.
If you want to create a real online business, the easiest path to success is through niche websites, eCommerce sites, and blogs that organically generate traffic based on your niche, while incorporating affiliate marketing techniques and email marketing campaigns (listed above).
These are all solid methods to create real online income. However, they all require real work and an honest determination.
With this mindset, you can turn your website into a money making machine. It’s not a get-rich-quick system. It takes time and dedication – as does any business – online or offline.
When you have a strong online business, which includes…
- A quality website
- Active site visitors
- And an exchange of products and/or services
You will then have a successful online business.
So now that we’ve got that out of the way, let’s get down to the nitty-gritty of how to make money online!
Your 5 Step Guide To Making Money Online
1). You first need to have a Website
A website will be the foundation to your online business. Think of a website like a brick and mortar business, except without all the expensive overhead costs. With a website, you will need to have 3 things:
- Web Hosting – You can get this for under $10/mo
- A Domain Name – You can get this for about $15/year. I use Wealthy Affiliate’s Domain Name Service because they’re easy to work with and inexpensive.
- The Right Guidance On Getting Started – Easily the most important component for success. I recommend the Wealthy Affiliate Training Center because they provide all the tools you need, step-by-step training, and excellent support. It’s like a university level education for internet marketing.
You can learn more about what makes a quality website right here.
2). You need to have a Niche Idea to base your Website
Success is based on providing something of use and/or value to your website audience. If you have unique interests and passions, special skills, expertise or knowledge on a particular subject then you’re already way ahead.
Because you have the basis for your very own niche website.
But it’s not a deal breaker. If you don’t have a particular niche in mind, check out this training video on how to find a niche.
Now one important aspect to keep in mind when selecting a niche is to consider choosing a subject that has related products and/or services. This is how you will generate the majority of your money online.
You can get a better understanding of niche concepts right here.
3). You’ll need to write Quality Content related to your Niche
Website content, in the form of written or video content, is how search engines recognize and rank websites for whatever niche tickles your fancy.
You’ll need to learn how to write quality content that is engaging and benefits your audience (not as hard as you may think it is, and actually can be kind of relaxing and enjoyable).
Many times the content will be about a particular subject, product, or service. So you want to write quality content that is unique and based on your personal perspective (not duplicate or spun content – search engines like Google don’t like this).
Note: Don’t like the idea of writing content, don’t worry, there are professional writers that can help you. You can even find writers on fiverr.com to post for you. I paid a writer from fiverr $10 for a 1,000 word post that currently brings in over 500 visitors to my site and is on page one of Google. Can you believe that, $10 dollars for 500 monthly visitors, it’s great.
4). Your site needs to bring in Traffic
This is easily the most important aspect of building a successful online business that makes money and why YOU ABSOLUTELY need an educational in SEO from the start.
You build traffic by two methods.
- Organically, by producing quality content that gets ranked on the first pages of search engines.
- And secondly, through advertising (places like Facebook, Google Ads, etc..).
5). Once you have traffic, you Monetize your site
There are several ways to do this, but the most important and lucrative ways are as follows:
- Promote Affiliate Products related to your niche
- Place Google Adsense and/or other advertising programs on your site
- Promote Amazon.com products
- Find relevant advertisers of your niche to pay you to advertise on your site
- Create your own product and sell it on your site and/or through Affiliate Networks
Affiliate marketing in combination with Email Marketing remains to be one of the most lucrative forms of making money online and creating a long-term business. It gives you several cost effective advantages that are not found with traditional businesses.
- No inventory
- No direct selling
- No customer service
- And no product returns
Plus, with the vast numbers of internet users and an online market that runs 24/7, your business really has limitless potential.
Check Out This Video From The Wealthy Affiliate Training Center On How This Process Works
Guide To Making Money Online – #1 Tip
The most important ingredient to build a successful online business is to have HELP & SUPPORT!
You need to have a program and mentors who will guide you along this process. It would be a huge challenge to learn how to do all these tasks yourself.
Don’t go at it alone. You’ll set yourself up for frustrations and failure. Believe me, I know.
There is a chronological process for how to put up an authoritative website that earns big dollars. You want to follow entrepreneurs that have spent decades making successful websites. You want mentors that know what they’re doing and what works.
So here’s my advice to you…
Get a proper online education that will help guide you through the 5 step process listed above. I highly recommend the Wealthy Affiliate Training Center for multiple reasons.
I don’t want to bore you with an extremely long list of all the wonderful things they teach and provide to online entrepreneurs.
But basically it’s a one-stop shop for a proper online education. Their specialty? Assisting you in creating high-quality, authoritative niche affiliate websites/blogs.
You can join for free, check them out for free, put up 2 free websites (they also provide free hosting), and start taking classes right away.
If you like the program, the price for their professional education costs practically nothing:
- $19 dollars for the first month
- $49 dollars/month for the Premium Membership thereafter
- Or $30 dollars/month if you pay for the annual membership
Once you enter into Wealthy Affiliate, you want to start with the Online Entrepreneur Certification Course.
This course will get you started on the right track. You will have tasks to accomplish each day and each day you will be building your business.
But first, read below to see if this is the right business for you.
Do You Have What It Takes To Make Money Online?
Are you dedicated to improve your financial situation? Do you have a passion to improve your quality of your life? Do you want a job you can do from your home or anywhere in the world?
You will need to be dedicated and driven to start any business, online or offline.
The only difference is that an online business is much cheaper to start and maintain and offers the same, if not greater, income potential.
If you have these qualities (dedication, passion, and desire), then you have what it takes to create a successful online business that will make you online income. How big that income will be is up to you!
All that’s required now is a proven system to guide you along your way:
If you have any questions about following this guide to making money online, please leave me a comment and I’ll get back to you right away.
And if you’d be so kind as to share this post via the social share buttons to help guide others that want to learn how to make money online that would be awesome.
Take care and thanks,