What is Making Money Online? Your Answer is a Click Away
What is making money online? is it hard? can anyone do it?
These are questions I frequently get asked.
So I created this post to help online income seekers out.
It’s no longer a secret that you can earn a full-time income from online ventures.
There are thousands of examples of people who have went on to become millionaires from one simple website.
One simple project that they stuck with for years and years, until it grew into a massive company.
What is Making Money Online?
I’m not here to tell you if you follow my advice you will become a millionaire.
We have all heard those promises before and frankly we’re sick and tired of false promises.
But I am here to show you a simple path to online success.
One path many people use to make a serious amount of cash, live comfortably, and enjoy all the benefits that a location independent business has to offer.
So if you found yourself asking the question, “What is making money online?” the answer is in this article.
I can vouch for this path to online success because I used almost the exact same plan and went on to earn $1,500 a week!
(I have since switched gears to focus on website development and affiliate marketing, but the principles remain the same.)
Remember, Everyone Has to Start Somewhere
There was a point when the creators of web giants like Google doubted the size of the company.
And I’m sure there were plenty of times where their team almost threw in the towel and gave up.
But they stuck with it.
All the information that you need to start an online business is right at your finger tips.
But an online business won’t emerge from all the information, unless put in the hours.
Invest time into your business.
Persist and it will be worth it.
This simple strategy is nothing new and mind-blowing; it has been around for awhile.
So where can you begin?
What is Making Money Online: It’s Freedom
Making money is online is freedom to work wherever you want in the world.
With regular employment, very few people have the luxury of being able to travel whenever they please.
And if they do travel, its on company time.
If you despise the ball and chain lifestyle, starting an online business is the best decision you can make.
But its not just about freedom.
Its about a stress free life and not answering to anyone.
You’ll be your own boss.
Its a dream.
But it can be a reality, and plenty of people have done it.
So when people ask me, “What is making money online?” I tell them its about freedom.
- Freedom from bosses.
- Freedom to travel.
- Freedom to work or not work.
- Freedom to do whatever you want.
In my opinion, that’s worth the world.
But reaching that point isn’t easy!
There are multiple business models you can follow, and picking one can be a challenge.
I discuss one system below.
Selling Products on eBay or Amazon: Finding Products to Sell for Fast Cash
Anyone can make an account on these merchant websites.
You can even find drop-shippers (companies that will ship products for you) to handle the shipping details.
When working online, remember this:
Every online business model has one major problem. It is your job to solve that problem as best as you can.
The problem with selling on Amazon and eBay is inventory and shipping complications (fees, taxes, etc).
Most people throw in the towel when it comes to selling products online because they don’t know how to conduct research and they have no idea where to find wholesale distributors.
I admit, it’s difficult.
But there are always solutions.
A fast growing company like Alibaba can be a solution.
This company makes it easy for merchants to find companies that mass-produce certain items.
Thousands of sellers on eBay use this company to source their products. It can work for you too.
Now there are two problems you need to solve: one, find out what sells, and two; the shipping fees (these can eat up a huge percentage of your budget, especially since most of these products are shipped from China).
One of the easiest ways to see what is selling on Amazon or eBay is to simply browse through the listings.
Things to look for:
- How many merchants or selling this product?
- What is the average buy price?
- Are people buying these products often?
- Is there room in that niche for another seller?
- Can the product being sold be found on Alibaba?
Those are just some of the questions that you will need to ask when it comes to analyzing the marketplace.
For instance, if there are too many sellers, that niche is likely saturated, and it will be difficult to make sales. Then the next step is to find the source of these products.
It is surprisingly easy to find a supplier for most small products being sold on eBay and Amazon.
Sometimes you can even find the exact supplier that those sellers use!
Check Alibaba for a supplier and take note of the minimum price.
Will you be able to make a profit from these products once the shipping and other fees have been deducted from the original price? If so, that’s awesome!
Next, order the products, test them out for quality and durability, and then post them online.
Isn’t That Simple?
Granted, I painted this business model with rather broad strokes, but it is a simple system, and the smaller problems can be easily solved.
So now you know what is making money online and how you can use the same model to build a business.
Still, I realize that ordering batches of products from overseas, communicating with suppliers, handling shipping details, can be a struggle for most people.
In fact, I bet that all sounds like too much for you at this moment.
If you need more structured help, I would recommend you check out the experienced Power Seller Skip McGrath and his helpful training programs.
Maybe all you need is some fast cash, and you already have a full-time job that takes up most of your time, none left to spend on creating a merchant business.
If you need fast cash, look around your house.
I’m sure there is something that you can sell for some fast cash. You can then use that cash to invest in other ventures. There is really no limit to what you can do when you focus.
If you need a step by step guide to selling on eBay/Amazon, check out this post for some helpful pointers.
Of course, maybe you don’t like selling products online.
I understand, it’s not for everyone.
I did it, got tired of it, and now I sell online without every buying inventory or delivering products.
Thankfully, there are plenty of other paths that you can take to make money online.
There is one path, the affiliate marketing path, which is incredibly low risk and simple (all that is needed is time) but it can be incredibly profitable (this is the path that I chose).
So it would be extremely beneficial for you to join an internet marketing training center, one that has an active community where you can find like-minded people who are working on similar projects, everyone benefits from everyone.
What is Making Money Online to you? What is your experience with eBay, Amazon, or affiliate marketing? Let me know in the comment section below.