In this beginners guide to making money online article, I’m going to concentrate on my top 5 ways of making money online. I’ll give you my honest opinion of each and point you to resources to help you earn an online income just like I do.
Beginners Guide to Making Money Online – download
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1. Become a Freelance Writer 10/10
Unsurprisingly, I’ve scored freelance writing at the maximum 10 out of 10.
I’ve made good money freelance writing since 2011 and have built myself up to a rate of $125 an hour (not even close to the highest rate in the marketplace).
My reputation is out there, and just this week I was approached by Microsoft to write a 650-word web page for which I quoted $650. I got the gig!
You gotta do the work!
If you’re prepared to put in the work, build your portfolio and your reputation, freelance writing can be very lucrative indeed. But putting solid work is the key – it’s definitely not “get rich quick”.
If you’re expecting to dive into freelance writing and have clients lining up to part with their money for virtually no effort on your part, you’ll be sadly disappointed and probably end up hating freelancing.
How lucrative? Check out just one of my proof of earnings below:
This earnings example of $18,268 was from one client, working full time for just over 5 weeks.
Here are some resources to help you if becoming a Freelance Writer interests you.
|Free Help and Advice for Freelance Writers||https://freelanceyourfuture.com/get-started-freelance-writing|
|AWAI Accelerated Program for Six-Figure Copywriters (see video review below)||https://fyf101.com/awai1|
Video review of AWAI Accelerated Program for Six-Figure Copywriters
2. Make Money with Affiliate Marketing 9/10
Now, not everyone wants to be a Freelance Writer. It could be that English is your second language (no reason you can’t write in your own language of course) or it just doesn’t appeal to you.
In this case, I recommend Affiliate Marketing as the next port of call.
I personally use affiliate marketing to make money online and the affiliate commissions you receive can vary widely.
I tend to steer people away from Amazon because the commissions are generally low at just a few %. That said, on a big item it can be a few dollars.
Digital products are a good way to go as commissions are quite high, usually in the 40 – 60% range and sometimes even more.
Consider it takes the same effort to promote a $7 product as a $1,000 product and you might want to set your sights on higher-value products. The most I’ve made on a single affiliate sale is $750 – 50% of a $1,500 product.
I’ve given you a link below to an article I wrote about what to look for in any affiliate product you’re considering promoting.
|Best affiliate online programs for savvy beginners||https://freelanceyourfuture.com/best-affiliate-online-programs|
If you’re wondering how best to promote affiliate products, you can write a blog, pay for advertising (PPC), use social media, run a webinar (but you still need to get people to attend of course), and more.
However, this is how I suggest you get started promoting affiliate products…
3. Start a YouTube Channel 10/10
I have a monetized YouTube channel showing people how to earn an extra income online – Earn an Extra Income with FYF101.
It takes work to build up, but if you’re prepared to put in the time and effort you can make a serious income.
I also like that eventually it becomes a “hands off” cash machine that you just prime with a video or 2 every week.
The biggest fear for most people is going on camera. I do this but YOU DO NOT NEED TO BE ON CAMERA, in fact for many products it’s not recommended at all!
YouTube is the future
More and more affiliate marketers (see #2) are turning to YouTube as a means of promoting affiliate products. and video is being consumed by almost everyone now on a daily basis. Think about it. If you have a job to do around the house, a car repair to do, or want to find out about a product or service before you buy, where do you turn. Quite possibly YouTube.
I have a growing YouTube channel that is making me money, and the help I needed to get it off the ground came from Paul Murphy’s Affiliate Tube Success Academy.
Paul is ultra involved in his Academy and does live calls TWICE a week to support his students – I’ve never seen that before with any course.
Check out my video below to see if the Affiliate Tube Success Academy is right for you. It comes with my recommendation based on massive course content and how it has helped me start and grow my own YouTube channel.
|Paul Murphy’s Affiliate Tube Sucess Academy (see video review below)||https://fyf101.com/ats|
4. Start a Blog 9/10
Blogging remains an effective method for making money online despite the rise in popularity of video (YouTube).
Bear in mind that a blog is a long-term commitment but, once you’re established, income can become relatively passive.
If you target a specific keyword, it may take 6 or 8 months to gain traction with Google, so be prepared to play the long game.
If you enjoy writing, go for it!
Longer-term, you might consider running a blog in conjunction with a YouTube channel. This helps you firmly establish yourself as an expert in your chosen field and is the route that I personally follow.
5. Create an Online Course 10/10
I give creating an online course 10/10 because online learning is booming and if you have knowledge to share you might consider capitalizing on the trend.
Creating an online course is firmly on my agenda for this year as I’m often asked if I have my own course when promoting other courses for an affiliate commission.
By the way, never promote any product you haven’t used yourself or firmly believe in.
Further resources to help you
This post may contain affiliate links which means if you click on one of these links I’ll receive a small commission. This is at no extra cost to you and, in many cases, I’ll get you exclusive discounts. Your support helps me to make more content like this to help you – thanks.