Today, if you’re at all serious about succeeding in any endeavor, whether online or offline, you have to deliver enormous amounts of value. Yes, you have to do the most amount of work for the least initial return. This is especially true online. Why? Because it takes time to build authority and create an audience, two primary ingredients necessary to succeed in the wonderful world of commerce on the web.
Every successful business and person has delivered a tremendous amount of value at the outset. They did the most amount of work, and they inspected every detail meticulously, to ensure that they were doing right by their customers. As long as you keep that in mind, and you don’t look for a quick buck, you’ll succeed in the long term.
Find your niche — Figure out what you’re good at or what you want to be good at. You don’t need to be an expert right now, but you do need to decide where you’re going to fit in if you’re at all serious about making serious cash in the long term
- Build A Blog
One of the most exhaustive endeavors when it comes to making money online is to build a blog. But we all know that building a blog with real readership is difficult. It takes a lot of work. And I’m speaking from experience. However, once you reach a certain point, the progress and momentum sways in your favor and it becomes far easier.
Blogs can easily generate tens of thousands of dollars to hundreds of thousands of dollars per month when done right. Yes, that much. But it won’t be easy to get there. However, looking back on it, a year from now you’ll wish you started today. So why wait another moment?
- Email Marketing
Email marketing is at the heart of every successful endeavor on the web. For those serious about making money online, email marketing is certainly where it’s at. But it has to be done the right way. Before you even try to market anything to anyone via an email list, be sure that they’re people that subscribed and opted in directly to you.
When you try to market to people via email out of the blue, you won’t find as much success. But, if those email subscribers are actively and keenly interested in what you have to say, and they signed up directly through your blog or site, your success rates will be much higher.
3.Drive For Uber Or Taxify
If you live in an area where Uber or Taxify operate, why not become a driver? If you’re looking to make some short-term cash, you can definitely rake it in by working for one of these popular car-hire apps. As long as your vehicle fits within the specifications of their program, and you have a clean license, you could do this on the side, especially if you’re in a crunch for cash.
Treat your guests right and offer them perks that other drivers don’t offer, simply because you want to deliver a lot of value. You might not get that much out of it from the outset, but it will set you apart from all the other drivers and your reviews will be indicative of just that.
- Create Video Tutorials On YouTube
This is definitely a long-term strategy, and you won’t get rich overnight by doing this, but creating engaging and well-thought-out video tutorials and posting them on sites like YouTube could make you a significant amount of passive income in the long term depending on just how well-received those videos might be.
Find a niche and stick to it. Build a YouTube channel and find something that you can do that will add a whole lot of value to the people that might be interested in that field or niche. However, keep in mind that this will require a significant amount of time and upfront investment before this pays off at all.
- Write Articles for Other Sites
Last, but certainly not least, is article writing. Depending on your skill level when it comes to writing, you could always find work writing articles for other people. At the outset, this won’t pay you much, especially if you have little in the way of examples or portfolio pieces. But, like anything else, you can build this up over time.
You could also do a number of other things related to writing such as copy-writing for descriptions, emails, or other sales-related content. Do your due diligence to find out what the going rates are for writing articles, and even try to find a mentor if you’re serious about making money online through this method.
- 6. Start Online Coaching
Set up an online site and offer coaching for a specific niche you are good at.
Decide what sort of coach or mentor you plan to be and what you can bring to this role. Options include setting up your own business as a business or personal (life) coach/mentor, taking an internal coach/mentor role within a business or working in the voluntary sector.
Consider what will make you a great coach or mentor and how your skills, experience and expertise will differentiate you from other coaches or mentors.
Identify what additional skills and frameworks you need and complete appropriate training, as required.
- Affiliate Marketing
Whether you have a website or are still dreaming up ideas for a blog, you can also look into affiliate marketing. With affiliate marketing, you partner with brands and businesses within the content of your website. If you mention a product or service, you link to that produce or service using a unique affiliate code you received when you signed up for that particular affiliate program. From there, you’ll make money any time someone buys a product or service through your link.
Generally speaking, you’ll want to partner with affiliates that are related to your blog concept. Since I’m a financial advisor, I have focused a lot of my affiliate energy on financial products like savings accounts, credit cards, and investment accounts.
In addition to signing up for individual affiliate programs, you can also sign up for an affiliate ad network that offers a ton of different affiliates in one place. That way, you can see what works and what doesn’t work over time.
If you’re looking for inspiration, Michelle Schroeder-Gardner of the website Making Sense of Sense has become the expert on all things affiliate marketing. Michelle earns more than $100,000 per month from her blog and the bulk of her income comes from affiliate sales. Michelle has had so much success with affiliate marketing that she even has her own course called Making Sense of Affiliate Marketing.
While Michelle works with a ton of affiliates in the financial services industry, one of her biggest affiliates is a blog hosting company called Bluehost. This just goes to show that you can make money with nearly any affiliate company or product if you know your audience and build up enough traffic to create sales.