In the online space, passive income and making money online have become trending topics, with hundreds of get rich quick schemes being spread all across social media, but how many of them actually work?
The truth is, most of those gurus who preach that following them and learning from them can make you a quick buck, are just using your inexperience to grow their own brand.
It’s important to understand that there are realistic ways to make an income online, whether it is passive, or active.
It is also important to understand that there are no get rich quick schemes, and it takes a lot of hard work and dedication.
Here are our top REALISTIC ways to make an income online:
We are placing affiliate marketing at the number 1 spot, because it is becoming much more available and has space for everyone.
Whether you are a seasoned marketer or an inexperienced noobie, you can succeed in affiliate marketing.
There are many free resources online and it’s possible to make money with no financial investment.
First you will need a product or a service to advertise, you can find plenty of offers available on Clickbank or you can manually search online for services and products in your niche.
Now comes the important part – bringing traffic to said service or product, you are getting paid for each and every customer that checks out using your link! Easy money! (is it though?)
Bringing traffic can be a very challenging task to accomplish, and depends a lot on the niche that you will choose.
Niches with a lot of money to make are super competitive and expensive if you wish to advertise them! so if you’re new to affiliate marketing we suggest you start out with less competitive niches.
How do we know if a niche is competitive or not?
You can use free and premium tools to find out, for example Google Keyword Planner will show you the amount of searches per month and the expected cost that you will pay to advertise those keywords, if a keyword is expensive, then it is competitive.
You can also use a premium service like Semrush, which gives you a lot more information the keywords you are interested in.
Here you can see the semrush keyword overview which gives a lot of information about the amount of searches and difficulty of the market you are planning to get in.
Where do we get traffic?
Traffic can come from anywhere, you can use free means like promoting the service or product on forums, Facebook groups or even on your Instagram story, as long as you bring in leads and new customers, anything goes!
The most popular ways to promote your service would be through ads and/or SEO.
Advertising on Facebook, on Google or any other social media platform is easy and brings in a lot of new eyes to your promotion.
SEO (Search Engine Optimization) is the process of improving your websites rankings on Google and other search engines.
SEO will bring you a lot of consistent traffic for FREE! your website is up there, and whoever searches for your keyword will find you, you don’t have to look for them.
Keep in mind that it is a lot of hard work, and can take months or even years before you see results and can make money from it.
We suggest you use both methods to succeed in affiliate marketing, while ranking your website with SEO, you should be advertising it through social media.
Need help setting up a campaign on Facebook or Google? Click here to get free consultation!
Amazon FBA (Fulfillment by Amazon)
Imagine having a store, you pay rent every month, you pay the bills and you pay for workers, just so you can sell a product that you believe in…
Now imagine the same but without all of those expenses – this is how Amazon FBA works.
You open an amazon FBA account, you buy a stock of a product you want to sell, you (or the supplier) ship it to the amazon warehouse and once they get it, your product will be on Amazon!
The only expenses when it comes to FBA are the products themselves, you have to order them or make them.
Where do we get products from?
Popular places to find products are Alibaba.
How do we find a good product?
Go to Alibaba and start looking at products available, see something new and interesting that might make people buy? maybe a new trend that just came up or a basic necessity that everyone needs, the options are limitless.
Now check reviews, think about your target audience, and check the competition on Amazon – if there are many suppliers on Amazon it will be very difficult for you to get into the competition!
Try to find something unique that hasn’t been sold yet on Amazon or a niche which isn’t saturated.
I don’t have a lot of money to invest
Some products cost pennies, it will be harder for you, but with enough research even a 100$ investment is enough to profit and grow!
We suggest that before making a big order you talk to the supplier and order a sample so you can check for the authenticity and quality of the product, better product = more money!
Becoming an influencer
When we think about influencers we think about millions of followers on social medias, but even with a few thousands followers, you can get paid!
You can create any page you’d like, Instagram would probably be the best place to start, make a page about whatever you want – shoes, dresses, music, cars, money, success…
Now upload content consistently, get those hash tags in, ask friends and family to join and spread the word, follow other pages and comment on their posts.
This business grows steadily, don’t expect to blow up in a day or a month, but within 6-12 months you should have a business that makes money from shout outs and promos.
Promo prices change based on the niche you’re in, luxury pages make much more money that animal pages for example.
How much can we expect to make?
The price varies on the amount of followers you have and the niche you’re in, so it’s hard to say exactly.
What page should we open?
Anything really, if it’s something that you love and passionate about – then even better, you have more to talk and post about.
- Buying promotions from other related Instagram pages
- Commenting on related pages
- Following people who are interested in the same niche (they might follow back)
We all have a certain skill set, many of us speak a few languages, some of us can draw or write nicely.
Many platforms like Fiverr and Upwork give us the ability to sell our skills online.
It can be anything! go ahead and check what kind of services you will find on those websites, and you’ll be amazed how big the variety is – there’s space for everyone on there.
I have no skills!
Sure you do! you can earn money by talking, if your voice fits someone’s needs, you will be paid, to speak.
There are dozens of ways to make money and have 0 skills, all it takes is time to find them.
You can also learn a new skill and sell it, buy a course on Udemy, learn from it, and then sell your knowledge, there are no excuses!
How much can we expect to make
The amount you make is based on how high you are in the results on the site, and how unique your skill is, for some skill you will be charging more money.
Content is something that is always needed, there is never enough content. People spend a lot of hours consuming content, make money from it!
It doesn’t have to be you, you can stream a meme like Ricardo Milos to fun music and people will come and chill in your chatroom and donate, as long as the vibe is fun, people will come.
You can make a compilation channel on YouTube, you can make videos about anything!
I have no ideas for content
The best way to find ideas is to consume content and think while consuming what similar thing you can do.
None of us are apathic to what the Bitcoin did, it made young millionaires and a lot of sore losers that missed it (me included).
All of us wish that we invested in Bitcoin, all of us wish to take time back and put all of our life savings into Bitcoin, but life goes on, and so do we.
The good news is that Crypto is here to stay, and new coins are taking the spotlight, it’s not too late to invest in crypto, it’s quite early actually, we all know that crypto is the future of finance.
None of us are apathic to what r/wallstreetbets did, it made young millionaires… and you know the rest.
Investing can be your holy grail, it can make you a lot of money if you know the signals.
Now, to get into investments, you’ll need to have some money you can invest, it can be 100$, 1000$ or 100,000$, you can make money with any sum!
We suggest you study about investing online, buy a course on Udemy and start reading on forums and look for signals, apes strong together.
If you struggle and need help, click here to schedule a free consultation with an investing specialist!
The reason why we are putting dropshipping in the last place, is because it is a saturated and old although still relevant online business.
Dropshipping is perfect for newbies and people who have no money to invest, it is the holy grail of internet money.
All you have to do is set up an online store and sell products that don’t even belong to you! You find a supplier (usually from China) and price it higher on your store, whenever someone buys from you, you use their mailing information to order from your supplier straight to them, no need to handle any packaging!
Dropshipping is quite easy, all it takes is a lot of time to find the perfect product that can sell.
Remember, if you ship stuff from China, it might take 2-3 weeks to arrive at your customers door, so stating that on your product page will help you handle all the angry emails you are likely to get.
How do we find a product?
Use AliExpress, find something that might interest you and that you think other may like.
Think about the target audience for each product you see, who might want it? do they have money to pay for it? is my site accessible enough for older people (if they are your target audience)?
How much money do we need to start?
Close to none! Just open a website using Shopify, and use Oberlo to import products from Chinese suppliers!
The only thing that might cost you, are ads, but not a lot, each ad you test should cost you around 5$
How do we advertise on Social Medias?
Again, Udemy is your best friend in this case, there are plenty of professionals that can help you take marketing to the next step.
In conclusion, you can make a lot of money online, the possibilities are unlimited, the only thing you have to do, is invest a lot of time and effort.
It is HARD to build an online business, especially if you plan for it to be your passive income, do not expect to make money within a day, a week or a month.
But if you do not start right now, you are going to miss out on a lot of money, you will miss out on the hottest trend on the internet – making a passive income.
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