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There’s a boring way of making money and then there’s the fun way. Nearly everyone I know would like to quit their 9 to 6 job and do something that they not only enjoy doing but is also lucrative. To do this, I’ve discovered 5 strategies that really bring the money in. If you take a look at the statistics on how people do business online, you’ll realize that online businesses are the way to go. The strategies I’ll be discussing work so well that I was able to generate $700,000 in the past 5 years while doing what I love! The Journey of Making Money Online
Because business is shifting from brick and mortar to click and order
Most of us already know the skills we’re good at. You now need to take these skills and establish a viable online business option that replaces your current income and creates the option of an exit strategy to leave your current job. Once you know the different strategies that work, you’ll know which ones work best for you according to when you’ll see the money, how much time they’ll take, how much investment you’ll put in and all other important questions.
5 Strategies That Work There’re 5 strategies that work and their essence lies in marketing a product on the Internet. You’ll either be marketing a product or making digital dollars, i.e. exchanging information for income. Everything is online these days and by using the strategies below you’ll be able to create a business portfolio which lets you make money online.
1. Affiliate Marketing Affiliate marketing is almost like franchising. Rather than a brick and mortar store, the store exists online. You promote someone’s product for a percentage of their earnings. The initial investment in affiliate marketing is extremely low and all you do is drive traffic to the person’s website. It’s up to you whether you’d like to establish relationships for one product or many. 2. Information Production Creation Examples of Info Product Creation are eBooks, Audios and Videos. It’s basically where you take one format of information and package it in different formats and sell it to your customer. You may sell it for $7, $17 or give it away for free. People often sell for $0.99 and hope to generate strong revenues in bulk. Because you own this product it’s entirely up to you how you push and promote it. You will have to create all the material, and make sure you market it before it starts collecting dust on the bookshelves and becomes outdated but this model definitely works. 3. Freelancing For any business, you have to identify your strengths but it’s more important for freelancing than most others. You can be a virtual assistant, graphics designer, social media manager or anything else you excel in. You may end up making $100 an hour. But the bottom line is that you’re being paid for your time. It’s basically money in exchange for a job but you’re doing it at your own convenience. 4. Network Marketing This is one of the strongest home based industries that people become successful from. For the offline model you must accept being social, taking part in business meetings, stocking products, and auto-shipping. The online model involves online marketing, writing, shooting videos and getting people to join your team without meeting you. You just have to make sure you select the right product, one that interests people. 5. Blogging for Profit
Many people have a blog but very few are able to make significant money from it. Consider a travel blog. If the blogger markets the travel airline, agencies, hotels or tourism guides they position themselves to create strategic partnerships which either gets them to travel for free or earn a commission for referrals. Long story short: blog smart. Blog what you love and make money while you’re at it.
What the Stats say about Online Business Did you know that: The average person spends 66 hours online every month, not including the hours they spend online at the office? From those 66 hours, at least 7 are spent on Facebook and the others on sites such as Google, Amazon, Wikipedia, Yahoo, YouTube and Bing. Over 20 hours of video is uploaded every single month and the average person is spending about 3 hours a month watching videos. 11 billion web searches are being done every month and by the time we get to 2020, it's going to be over 50 billion. Thanks to smartphones, over 83% of the US population has access online. By 2016, it’s estimated that over 327 billion dollars will be spent online. No matter what online industry you decide to get into, somebody wants a solution, information or product connected to your industry. Simply put, people are always looking to purchase something.
Example of Three Key Ways I Make Money Online The way I make all of this work for me is to teach people how to make careers online. I show them how to promote and market on the Internet and I promote other business. I basically use the following strategies:
1. Affiliate Marketing
2. Info Product Creation
3. Podcasting However, I’m very careful not to market anything and everything. I protect and increase my reputation by only marketing products which are beneficial, positively impact the lives of others, or those which I personally feel strongly about.
Summary So to become successful, there are two key things you need to do: 1. Must position yourself in your business online 2. Invest in your Internet knowledge If you don’t know where to get started or want more information make sure to visit MakeMoneyWithNicole.com and sign up for the newsletters. There’s lots more information which will teach you how to become the seller and not just the consumer.
***About the Author*** Nicole is an Internet Marketing and Monetization Trainer who has gone from broke and bankrupt to building an online empire in just a few short years with only Wifi and her laptop! To learn more about how to build a purposeful, profitable and productive business online, connect with her at www.NicoleSCooper.com
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