4 Great Ways to Start Making Money Online and Potentially Turn It Into a Business

best ways to start making money online

Many people still haven’t realized that the possibilities of the digital world are countless, and new ones are coming every minute.
Whoever you are, and whatever you do, you can become self-employed, work from the comfort of your home and make money. All you need is a laptop, Internet connection and a PayPal account.

In the beginning, it’s best to start doing it on the side. Do your research to make yourself familiar with all the things you can do online that will help you make a living. Once you’re making enough, quit your job. By the way, you can still do what you do best, just in front of the screen.
And if you don’t have any knowledge or experience, there are still many ways to make an income.

The best thing is that you’ll be taking up new projects whenever you feel like, will work as hard as you want, and often whenever you want. Won’t have to get to an office, be in an unfriendly environment, answer to your boss or wait for the weekend. Monday won’t be a problem anymore, and the harder you work, the more you’ll earn.

Let me make something clear, though. All the ideas I’ll share here are absolutely honest ways to start earning money and eventually turn it into a business if you want to scale. But you can’t go without hard work, going the extra mile and offering value.

If you’re not ready to do that, then this post is not for you.

But if you are, there’s no need for any initial capital. You’ll be investing time and effort, and it may be a long time before any significant amount of money starts coming in. The Internet is full of stories of people who made it in a week, but most often they were experienced, already had an audience, or a good portfolio, or else.

Don’t compare yourself to them. Choose an option (or a few) from the list below that are most suitable to what you know, related to your hobbies and passion, or just things you think you’ll be good at.

Start doing it today, but do your research, do some brainstorming and get ready to work harder than the average person. Because that’s what needs to be done to make a change in your lifestyle.

4 Ways to Start Making Money from the Internet

1. Sell handmade goods.

Millions of people all over the world have hobbies, are making things by hand at home, build skills by doing what they love, dedicate all their free time to creating activities.

If you’re such an artistic and talented soul, and haven’t even thought of selling your goods, you’re losing money. Sites like Etsy exist because of people who make jewelry, soap, candles, clothes, frames, furniture, accessories, and anything else you can imagine, but who are also passionate about it, skilled and do it themselves.

Those whose products are worth it, and who found the right platform to show their work, are now making a living from their art. Some are easily earning six figures a month too. Why can’t that be you?

If your leisure activities include sewing, painting, drawing, cooking, designing, inventing or carving anything, be sure that there are many people out there who’d gladly pay money for your product.

Give them that chance by taking great pictures of the items you create, describing them and uploading them on a site for handmade things. If you’re targeting a specific niche, be sure that your customers will find you.

If things are going well, you can start making money online soon, and after some time turn your passion into a career, quit your regular job, and become your own boss by setting up your own online store.

2. Create niche sites.

Niche sites are specifically targeted (usually) small sites, who are created after a good keyword research, have content on a certain topic and are monetized in one or more ways.

You don’t need to be a marketing expert to do it, but you’ll have to be ready to invest enough time and energy. The result here can be a steady income (usually passive as some people create such sites with a little content, put a product for selling or ads on it, and never touch it again), just a little money every now and then (in which case niche site creators just build many of these), or simply nothing (if the niche you’ve chosen is not profitable).

If you want to give it a try, choose something you’re passionate about or a subject about which you know more than most people. Do your keyword research well, target a phrase that can be monetized (other people must be already making money from it. You can see that by checking Amazon and see how popular the products in this field are.) and create content around it.

The point is to make your site rank for the chosen keyword high in Google, preferably on top of the page. Some people manage to succeed in this by creating just a few pages for the site, but it’s always better if you update it frequently, write long posts on the topic each of which is informative, includes many synonyms of the keyword and isn’t spammy but well optimized and with a natural look.
Once (if) you do your job right, people will start finding it through search engines. And you’ll have only readers interested in the particular topic, so no need to wonder whether they’ll pay money for a product connected to it or not.

When you grow your traffic, you can start making money in 3 main ways:
• putting ads on the site;
• creating and selling your information products (add an eBook on the subject, a course, video tutorials, etc.);
• affiliate marketing (promote other people’s products or directly include links to ones on Amazon that visitors would like, and make a commission every time they buy something).

3. Teach what you know.

People want and need to learn new stuff and are always looking for the fastest and easiest way possible.

That’s why the how-to YouTube channels are so popular, online courses are a hit, and informative guides are preferred over content with no action steps.

Everyone’s good at something. The interesting thing is that these days you can just do your research and thus know more than the average person. That’s all you need to start offering a product, or your services, and make money by teaching people how to do something.

If you know how to work with a difficult program, create a video tutorial, include screenshots and explain slowly what to do by doing it yourself.
If you work in a gym, are a lawyer, cook well, know a foreign language, have hacked your sleep or memory, or else, you can share it with others and help them improve this area of their lives.

Choose the right medium for that – videos, audio format (podcasts) or written word. You can offer phone calls, do webinars, create presentations, or just write a how-to guide.

In the beginning you can offer it using the most popular platforms out there connected to your specific format (iTunes for podcasts, YouTube for videos, Udemy for courses, etc.) and thus get paid to share your knowledge in that field. Then, you can set up a site for yourself, partner with a company, or else, and increase your income and personal brand by turning the whole thing into a profitable business.

4. Freelance.

Sites like Freelancer and UpWork, and many, many more, are what many people (professionals or not) use to make a full-time living while working from home.

Most jobs are connected to programming, design, writing, online marketing and advertising. So if you know how to code, can write well, proofread or translate stuff, are good at making sites, can help someone with their marketing strategy, or else, then you can easily find clients for small jobs, and have the chance to turn each into a long term business relationship.

When you have no reviews and experience in the chosen site, you won’t be accepted often. But once you build a reputation for yourself, clients would love to work with you.

Once that makes you enough money, you can easily offer your professional services on a place of your own and get all the revenue without a third party.

That’s how amazing the online world is. Whatever it is you know or are good at, you can monetize it. If you don’t have any skill, you can learn it today with all the content offered for free, or can even start completing tasks for people online as a virtual assistant until you get to the next level.

Are you making money online? How? If not, which of these 4 would you try first and why?

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How This Family Guy Makes $10,000/Month Online Teaching Others How to Make, Save and Invest Money

How This Family Guy Makes $10,000/Month Online Teaching Others How to Make, Save and Invest Money - Interview with R.J. Weiss from TheWaystoWealth.com

This is an interview-style post with R.J. Weiss from The Ways to Wealth.

Hey R.J. What’s your background and what do you do?

I blog about all things personal finance at The Ways to Wealth.

Before I went full-time into blogging, I spent ten years in the financial services industry. Specifically, helping families buy the right type of life insurance.

During my time with a full-time job, I’ve always had different side hustles going on. From freelance writing, Amazon FBA, conversion rate optimization, to website design — there were many projects I pursued outside of work.

How did you start your career in finance?

I got started in finance straight out of college working for my the family insurance business. As I love the financial planning side of things, I choose to specialize in life insurance planning. This led me down the path to obtaining the CFP® Certification.

What made you start blogging?

The Ways to Wealth, which I started in 2016, has been my 5th blog.

The others mostly fizzled out most due to a lack of interest. But, in 2009 I started a personal finance blog called GenYWealth.com (no longer around) that had some success.

The idea GenYwealth.com was to write about what I was learning about studying to take the CFP®. The blog was, by all means, a success. I was able to gain valuable knowledge, pass the CFP® exam, earn some extra money and build up a good community.

I then took this knowledge and started a business blog, which allowed the insurance agency I was working for to generate leads.

I started The Ways to Wealth because my passion is personal finance–from investing to travel hacking, I love the challenge of optimizing my finances.

How was The Ways to Wealth born?

I didn’t have much of a plan for starting The Ways to Wealth when I purchased the domain name.

I was actually thinking it would be a niche site, which was inspired by Pat Flynn’s niche site duel. Then, I came across the income reports of Michelle Schroeder-Gardner and wisely changed direction to a more traditional blog.

This change came about 6-months after starting to blog.  I did a timeline of the site in one of my income reports.

What worked best when trying to grow the site?

I had a decent knowledge of SEO. So at first, I started growing the site with email outreach. One of the first posts I had about best investing books of all time, had about 15 links to it.

This was nice to start with but was quite slow to build up, as it can take a while to earn Google’s trust.

The big turning point came when I started to understand Pinterest. I spent a few frustrating weeks on the platform, then it finally started paying dividends.

I went from about 100 sessions a day to 1,000, which was huge for me at the time.

How did you get to 3 million monthly viewers on Pinterest?

the ways to wealth pinterest 3 million monthly views

I lay out my Pinterest strategy here. But at the core the idea is to:

1) Write high-quality content that Pinners want to click through, read, and share.

2) Pin to my own and high-quality group boards, with a keyword-rich description.

3) Continue to Pin my best pins across my own boards/group boards, ruthlessly eliminating Pins that don’t perform well.

One thing to keep in mind is impressions don’t mean much on Pinterest. What counts are clicks to your website. So, you want to design not for impressions but clicks.

What aspects of the online business are you outsourcing or automating and how?

The first thing I outsourced was Pinterest design. I’ll design about 30-40 pins a month, so this was big time saver for me.

Of course, it took some work to get going. At first, I hired 5 or so people on Fiverr. I found one decent designer but the work quality deteriorated over time.

I then went to Upwork and posted a job for a  graphic designer. I found a great team down in Argentina, who I’m very happy with.

I’m currently experimenting with working with a ghostwriter. A few of my latest posts have been transcribed from my recording, with the ghostwriter making sense of it all.

I can compile about 3 posts in 90 minutes, then take another 90 or so minutes to prepare them. Saving me around 3-4 hours per post this way.

What’s your main income stream and why do you think it works for you?

My main source of income for the blog is affiliate revenue. It works because the partners I do have are high-quality businesses, who deliver value and solve real problems. This makes it easy to naturally link to such a partner.

When did you start making more than $10K/month and what was the turning point?

My first month over $10K was in January of 2018. In December of 2017, income was around $3,000 and in July of 2017 around $500. So, it was definitely a jump.

What happened then in January?

First, personal finance is at its peak interest in January.

Second, I had multiple Pins go viral.

Third, in November I started driving traffic via Facebook to the site. So, in January I could take campaigns I’d been fine-tuning for a few weeks and scale them.

How do you balance work and family life?

I have a routine I stick to Monday through Friday.

When inside of my designated working hours, I work. When outside of these hours, I’m not.

This is a lot easier said than done. But the thing important for me is not to take work everywhere I go. This means I don’t have any apps on my phone that are work-related (email, analytics, etc..)

What are you 3 best finance tips for newbies?

  • Focus on your savings rate. How much you save is the most important decision you’ll make.
  • Small incremental improvements add up over time. My favorite example is increasing your savings rate 1% every quarter, means you’ll be saving 20% of your income in just 5 years.
  • Study happiness. Become a student on how to increase your level of happiness. The natural result is you’ll want less overtime, making the game of personal finance a lot easier to win.

What books, blogs or podcasts help you stay motivated along the way of growing an online business?

I read a fair amount to keep fresh ideas in my head.

My favorite podcast is The Tim Ferriss Show.

Two blogs I enjoy reading are:

Farnam Street
Barking up the Wrong Tree

And as far as books. I try to read one a week. A few books I would recommend to online entrepreneurs would be:

Deep Work by Cal Newport
The Compound Effect by Darren Hardy
The Four Hour Work Week by Tim Ferriss

Pin this post if you enjoyed the interview.

Check out my interview with R.J. from TheWaystoWealth to see how he entered the finance niche, started making money blogging, began bringing traffic from Pinterest and monetizing it with affiliate marketing, and is now making $10,000/month from his online business. #blogger #interview #blogtraffic #incomeideas #income