How to make money online and with what method would you use?
That is a question often asked as it can be difficult to find a legitimate way to make money online due to all the scams and get rich quick schemes that are everywhere these days. No one wants to get ripped off because we all work hard for our money.
Fortunately, there are legitimate ways to make money online and I will be your personal guide in showing you how to build an online business and generate full-time income from home.
Watch Below Video on How to Make Money Online
Ready to get started? Ok, here we go…
Internet Users Overview
In order to create an online business, we first need to understand our audience, which is the world’s population that has an internet connection.
Here are some amazing statistics!
- There are currently over 3.75 billion people with an internet connection.
- Almost 46% of the world’s population has an internet connection today compared to 1% in 1995.
- The number of internet users increased 10x from 1999 to 2013.
- 1 billion internet users was achieved in 2005. This number then doubled to 2 billion in 2010 then tripled to 3 billion in 2014.
As you can see, with almost half of the world’s population with an internet connection it represents a fantastic opportunity to start an online business as it represents the largest consumer audience in the world! Think about that number for a minute – 3.75 billion.
These people are on the internet everyday searching for information on various products and services. If you were able to reach even one-tenth of one percent of this group you could have a successful business!
Build Your Online Business
So how do we reach these potential customers and start making money?
It’s actually very straightforward and can be achieved using the following 4 steps.
Choose an Interest
The first step in creating our business is choosing an interest or hobby that we are passionate about. What do you like to do in your spare time that you are good at and could have an intelligent conversation with someone about? We all have talents and interests/hobbies that we enjoy reading about and discussing with others.
As a word of advice, be sure to choose something that you are excited about and will not get bored of as you will be creating content around your topic on a regular basis. As an example, my hobby is aquariums and I am passionate about learning as much as I can within my hobby either on the internet or in print (I subscribe to Tropical Fish Hobbyist, which is an excellent magazine).
When choosing the interest or hobby for our online business, we are also selecting our niche. So what is a niche? It is simply a group of people looking for something. Using our aquarium example, aquarium filters would be a niche. Also, half-moon betta fish (which I have) would also be a niche. There are literally millions of niches to choose from, all of which can be the foundation of your online business.
Build a Website
It wasn’t too many years ago that building a website was intimidating and almost required a computer science degree with all the coding that was required to get your site up and running. Those days are long gone, and now you can actually build a website in 30 seconds or less! In fact, I built this website using WordPress, which is used to create 27% of the websites online today, and I do not have a computer science degree!
Your website will be the framework of your business and all activity and revenue will be as a result of your website. I like to think of it in the traditional business sense where in a traditional brick and mortar business your website is the storefront where all customers enter, which is the traffic to your site. With 3.75 billion people online today, that’s a large storefront for sure!
Now that we have chosen our niche and built a website, the next step is to attract potential customers to our site. Remember when I said that people are searching for information every day using search engines such as Google and Bing? Well, these search terms are known as keywords.
A majority of the keywords are entered into the search engines multiple times, so it is our job to find them. This is what is known as keyword research. Once you identify keywords that have low competition(number of other websites that are ranked in the search engines for that keyword) and fairly high search volumes, this is when you can create content around that keyword in order to achieve rankings in the search engines. The content can be in the form of a blog post or a page on your site.
Using our aquariums niche as an example, let’s say we want to write a blog post about aquarium filters. We would enter “aquarium filters” as our search term to find related keywords. I am using my Jaaxy account below. You can enter the same term in the Jaaxy keyword tool here.
Below are the results of our search. I see an excellent related keyword “best aquarium canister filters” that has 104 searches per month (Avg) and only 8 competing websites ranked for this keyword, which is the QSR or Quoted Search Results.
This would be an excellent low hanging fruit keyword to write a blog post about. We could do a post as a product review comparing the best aquarium canister filters. The title of our post would be “best aquarium canister filters” and we would also include the phrase, “best aquarium canister filters” in the first paragraph of our post as well. This is how the search engines know that we are trying to rank for this keyword. By doing this, we would definitely get on page 1 of the search engines since there are only 8 competing websites ranked for this keyword.
By repeating this process of finding keywords and writing content around those keywords, it will lead to an increase in traffic to our site. Once we have the traffic, we can move onto the step of earning revenue for our site.
Congratulations! You have reached the final step in building an online business – earning revenue. Now that we have traffic coming to our site, we can start making money and one way to do that is through special programs known as affiliate programs, which are completely free to join.
The best part about affiliate programs is that they allow you to promote just about anything you can imagine without having to own or create the product yourself. You do not need to worry about inventory, shipping or product support, which allows you to operate your business from anywhere in the world. (Hawaii sounds nice!)
As an affiliate marketer you will send the traffic to the affiliate program’s company website through a link on your own site. If a visitor then purchases something on the company site, the company will pay you a commission of up to 75%.
One example of an affiliate program is the Amazon Associates program at Amazon.com. As an affiliate you can promote over 488 MILLION products on Amazon and earn a commission up to 10%
One of the best aspects of the Amazon program is that you will earn a commission on any product that a visitor purchases through your efforts. It does not even need to be a product your promoting or relevant to your niche. I’ve seen this in my own promotions where someone will buy an aquarium algae scraper as well as brake rotors!
Amazon is just one such example, there are over 100,000 affiliate programs that you can join, which includes just about any product you can imagine!
The affiliate marketing industry generated over $3.4 billon in sales in 2016. As you can see in the below chart, it is projected to reach almost $6 billion in sales by 2019. More people are shopping online now than ever before. In fact, 2016 was the first year that more people purchased products online than in traditional brick and mortar stores. This trend will certainly continue, which is awesome for us as affiliate marketers.
Evidence – This Really Works!
As you can see, affiliate marketing is big business with billions in sales generated every year. Because of this, it is possible to create a full-time income. Below is a post from Wealthy Affiliate member Bthiel who earned almost $9,000 in December 2016 through the Amazon Associate’s program!
He achieved this by doing the same keyword research described above in order to get traffic to his site. This can be your story as well if you are willing to put in the time and effort of creating content for your site.
Where to Get Started
Now that you know how to make money online, the next step is where to get the tools and training to start your online business. My #1 recommendation is Wealthy Affiliate, which I am a member (see profile).
Wealthy Affiliate offers comprehensive training in the form of certification courses and live video classes as well as tools such as website hosting, WordPress website creation, and keyword research functionality. Not to mention a community of over 800,000 members. For more information, check out my review below.
==>CLICK HERE FOR MY WEALTHY AFFILIATE REVIEW<==
Please let me know your experience of making money online or if you have any questions please leave them in the comments below. I look forward to reading your success story in Wealthy Affiliate!