Covid19 created a mess in the whole world. Many people lost their jobs due to this pandemic and they are looking for options to make money online. Some people think that this type of business is magic, super easy and generates money overnight. Let me tell you, it works but does require time and effort.
There are many ways to make money online but I shortlisted only four.
1- Affiliate marketing:
You select a product or service that you recommend to your followers through your website, blog, or email list. Some of your followers will purchase the product or service using your affiliate link and you will then get paid a commission for the sales made using your affiliate link.
Now that you know how affiliate marketing works, those are the steps to follow if you are interested to do affiliate marketing.
1. Create a Website or Blog for Your Niche
To make money with affiliate marketing, you need to build a website or a blog. I personally used WordPress to build mine. It is a fantastic website builder, it allows you to build a professional-looking websites and it has more tools to help their sites perform at a higher level than other website builders. WordPress is definitely your way to go if you decide to do affiliate marketing. Now that you have a website , you need to find your niche. This step is very important as it is going to help you choose your affiliate products.
2. Choose Affiliate Products to Promote
One advise here, always choose the affiliate products that you are passionate about. This way, it will be easier for you to promote them and to talk enthusiastically about them. One of the best ways to select your affiliate products is by joining an affiliate network that connect merchants and affiliate marketers such as ClickBank, ShareASale, Amazon Associates,…
3. Use an Affiliate Management Plugin:
This is just something to keep in mind once you start to dive deeper into the world of affiliate marketing. You will need to keep track of your affiliate links by using an affiliate management plugin. It’s easy to set up, super user-friendly even for marketers who are less tech-savvy. If you’re asked to update old affiliate links from your partners, you’ll be able to accomplish it in minutes.
4. Create Quality Content to Promote Affiliate Links
Now you need to make content creation your number one priority. You can create different types of content, the most popular ones are videos and blogs. Try to promote your affiliate products early on in your content. For blogs, within the first 25% of the post. For videos, within the first minute of the recording. When your affiliate links are upfront, chances are that they will get clicked on.
5. Boost Your Affiliate Revenue With OptinMonster
One of the ways to increase drastically your traffic is to use OptinMonster. It helps increase your revenue by converting more of your existing traffic into affiliate customers.
Shopping online used to be a luxury but Covid19 made it a necessity. Most of the people got familiar with online shopping in the last few months that we noticed an incredible interest in ecommerce right now. A lot of people want to know how to start an ecommerce business. I must say that there’s nothing more rewarding than starting a business from scratch and watching it to grow.
1-Select your Ecommerce Business Model:
First you need to understand that there are different business models available and you need to decide which one you want to start with. After that you can decide on the product you want to sell online. here are some examples:
Dropshipping: I truly believe that dropshipping is a smart choice especially if you want to generate profit without owning any product or investing heavily at the beginning.
Retailing: If you have money to invest upfront and if you like to have your own warehouse then this is the right model for you. You could either resell other people’s products or sell them under your own brand of products after you make few changes on them . You could choose any online platform you want to: Amazon, EBay, Lazzada, ….depending where you live. Amazon being the most expensive one but also the best. Facebook, Instagram, youtube can be great platforms to advertise your products.
Subscriptions: It is a business model which is very common those days and it can be very profitable. You could curate a set of products or a single product to be delivered at regular intervals to your customers.
2-Start Ecommerce Niche Research:
Choosing a niche is the most important step. Make sure that the area is competitive, no competition means no market. However, try to avoid crowded niches. Niche-ing down also gives you the benefit of having a lot of “shoulder” niches, related to what you do, but not identical. You can work together with business owners in those niches to cross-promote, become an affiliate, and grow your customer base.
3-Validate Product Ideas
You can start searching for products to sell. Before that try to answer those questions: Who are you? Who are your ideal customers? What is the brand image you will be working on consistently? Answering those questions will help you identify your persona and come up with product ideas. One piece of advice, do not invest a lot of money when you start, test the waters first.
4-Register Your Ecommerce Business & Brand Name
Identifying your persona makes building an ecommerce brand easier. There are some basic steps to take before you set up your store:
- Register Your Business
- Pick Your Store’s Name
- Get Your Business Licenses
- Get Your Employer Identification Number(EIN):
- Apply For Business Licenses And Permits:
- Find The Right Vendors:
- Create your Logo
5-Ecommerce Business Plan
Now you can finalize your business plan on paper and determine your startup budget and monthly expenses: product sourcing, logistics, marketing budget and team if any.
6-Create Your Online Store
Once your business is legally registered, you start thinking about your store’s design before you finally build your store. Whatever design you chose needs to be compatible with your ecommerce software. Setting up your online store is much more than adding your products and content. You need to get your email marketing and automation set up as well. Email marketing is essential for driving conversions.
7-Attracting Customers To Your Ecommerce Store
Now you need to market your store. The best ecommerce sites invest heavily in online marketing but as a beginner, you can subscribe to marketing newsletters or listen to digital marketing podcasts to stay informed about the digital marketing industry and get marketing tips. No matter what and how you decide to sell, the first step is to create an email list. Place an opt-in freebie on your website, launch a social media campaign to gain subscribers, or host a giveaway where the entry ‘fee’ is your customer’s email address.
Providing consumers with coupons and content via email helps to keep your brand on their mind, boost sales, and establish credibility. Keep your emails interesting – ask for your customers’ input often, including reviews. Respond quickly to customer service and product quality issues, and work on building relationships. No sales interaction is about the first sale; focus on the next one always.
On your site, look at how and where traffic flows. There are tools that can help you monitor and optimize every step of the sales process. Make use of them.
3- Make youtube videos:
- Find your niche:
What are the type of videos that you watch the most on Youtube? For example, I like to watch educational, cooking and inspirational videos. Why is that relevant? Because here you will be inspired to find content for your channel. Most of the channels we are watching are not using 100% of own content. It is totally legal and falls under fair use. They monetize their channels by using ads and affiliate marketing.
- Create your channel:
After you create a new channel on your Youtube profile, you need to make it seem professional. Create a logo, a profile picture, and a banner then fill out your bio sections with a couple of keywords that have a high volume of research. Now that your channel is set, you need just to put content.
- Monetize your channel:
After getting your content ready, make the modifications required and create a video of your own. Compilation, ranking, controversy, pranks, and challenges tend to work really well on the platform. After editing, add a thumbnail and use the keywords that you initially used for your research. To achieve fast results, upload daily or even more for a month. You should be able to monetize your channel faster following this model.
- Optimize your videos:
To be sure to optimize your videos and set them for success, you need to choose attractive titles, design thumbnails that create curiosity, edit your videos and be consistent. Yes, consistency is the main key.
4- Online courses
Many people use internet as a way to find information and learn new things. Tutorials are the best example. This need for information and instruction can be a great opportunity for you to get paid for your knowledge. Creating an online course is the way to go. You don’t have to be an expert to sell your knowledge, you simply need to know more than most. The topics options are limitless, you can sell any knowledge you are comfortable with from photography to cooking to gardening…… The best part you will only create a course once and you can sell it over and over.
When designing your online course, you’ll need to choose an online service to host your finished product. This could be your own website, or it could be a hosted service such as Udemy.
Follow the following steps if you want to create an Online Course:
1. Course Topic Research
Make a list of things you know about. Things you would be happy and comfortable sharing with others.
2. Market Research
Before you invest time in your course, research who the best buyer for it would be, and whether or not they’re ready, willing and able to buy it.
3. Outline Your Course
The next step is in determining what you’ll put in the course. the content you provide should go deep into the topic and cover all important aspects. Think to organize your course in modules. Each module will have lessons providing the details of that subject.
4. Decide the Best Methods to Deliver Your Lessons
There is a variety of teaching methods, such as text, video, worksheets, checklists, infographics, audio, and anything else that delivers information. You need to decide which format is best for what you’re trying to teach. You can choose one or a combination of two or more.
5. Create Your Lessons
It is a time-consuming step. Select your logo or color theme that appears in all lesson content. Go through the whole course more than once to make sure there are no errors…
6. Determine How You’ll Sell Your Lesson
You can create a website to host and deliver your course. There are membership site scripts and WordPress plugins that can help you set up a system for selling and delivering your course. You can also use an online course service such as Udemy if you want to avoid the technical effort. The downside is that they own the market and platform and you will be competing with other course providers. An other option is to use Teachable or Ruzuku service, both of which offer some of the benefits of self-hosted with the ease and speed of Udemy.
Most of the above options don’t require exclusivity, but make sure to read the terms of service before offering your course on multiple platforms.
7. Load Your Course Online
Once you’ve picked your platform, upload your course. You can customize your course if the platform allows that, it will help you create your unique brand.
8. Market Your Course
Regardless of your platform, you need to promote your course. Great course marketing options include social media, PPC advertising, such as Facebook ads, and article marketing. There are many other free and low-cost marketing options as well.
9. Keep Your Course Information Up-to-Date
Outdated information can lead to bad reviews so keep your course up-to-date and don’t forget to check and fix any broken links to resources.
There’s no rule that you have to stick with one course. You can also create new courses in completely different areas.