How Many Ways can You Make Money Online

 

Photo by Sebastian Herrmann on Unsplash

I see all these articles that are titled things like; "11 Ways to Make Money Online", 7 Realistic Ways to Make Money Online", or "How to Make Money online - 21 ways to start earning money".  So I started thinking about all the ways to make money online and I found what I believe is the right answer.


There is only one way to make money online.  Making money online only requires that something be sold by you.  Just like in the real world, a transaction must take place for anyone to make money from it.  It is no different online.  In order to make money online you must be able to get someone to open their wallet, pull out a credit card and make a purchase on a product or service you offer.  That's it!

So the question is - What do I sell? 

There are really only two things you can sell online.  You can sell a product or a service.  The best thing is about selling products is now days you don't need to sell your own products.  You can sell someone else's products without the need to stock, or even ship the product.  In some cases you may even be able to sell someone else's service.

What Products to Sell Online

Physical products -

The big seller today is selling Amazon products. Amazon is a very reputable company and  it's very easy to go to the Amazon website and sign up to be an Amazon Associate.  Once you sign up as an Amazon Associate you can then refer their products via a link they provide that tells Amazon you referred a customer to them and if the customer buys through that link Amazon will pay you a small commission for referring them.

You could also sell your own product of course.  This will require more work on your part however.  You will need to stock, package and ship your product.  This could be very rewarding but could also be very costly to get started. So if you don't have much money to work with and you want to sell physical products online I would suggest first try selling Amazon products.

Digital products - 

Digital products are probably the best way to get started selling online.  There are a lot of benefits to selling digital product over physical products. Digital products for one; do not need to be shipped to the customer.  Once they make that purchase they can download the product directly to their computer and get instant access to it.

Another benefit over physical products is commissions are much higher then physical products.  If you sell someone else's digital product you could get paid as much as 50% commission or higher. Whereas if you sell an amazon product you may see a 1 - 3% commission.  So you must sell a lot of Amazon products to see the results you can get from selling digital products.

A digital product usually consists of a course, or a how to manual like an eBook.  You can sell someone else's course or manual or you can create your own eBook if you have a skill you could teach someone via an eBook.  The beauty of selling a digital product whether its someone else's or your own is it is easy to duplicate.  

In other words you create it once and you can sell hundreds if not thousands of the product without ever having to replenish or restock it.

Services - 

If you have a skill you could market that skill online.  For example; I am a web designer.  I market my skills online via a website or an online marketplace like UpWork.com that brings people who need specific tasks done digitally with freelancers who have those particular skill sets.

Personally I do not recommend this way of making money online because this still requires you to trade your time for money.  Time is the one thing we can never get back and you should always do work that can provide passive income.  But with that being said having a skill you can market online still gives you the ability to work from any location you desire as long as you still put things in place in your spare time to create passive income.

 How to get Started

If your just getting started out and do not have a service to offer I recommend selling digital products.  As I said above the commission payout is much higher over physical products and the cost to start selling digital products is very very low.  Anyone can get started selling digital products online with very little money.  

There are many ways to get started selling other peoples digital products and once you learn how to do that and start making money you could even create your own digital product to sell.

If you want to know more about how to market and sell digital products online you can go to the Easy1Up way to learn and make money online.  This is my number one recommendation for getting started making money online.  It will give you the tools and training you need as well as provide you three digital products to sell.

Selling and making money online can be one of the most rewarding an lucrative things you can do to create an income passively that can pay you now and long after you've done the work.  Selling online removes the one thing that traditional work for money model can not.  And that is time.  Learn more on how to get started at Easy1Up.