Hi ALL! There are hundreds of ways, perhaps thousands of ways to get started at making money online. The following are three ways that I believe are the easiest for a newbie.
#1 Tangible Products
#2 Digital Products
#3 YouTube
I use all three, and each method of making money online has advantages and disadvantages.
Possibly the easiest and fastest way to make money online is to sell products from known retailers such as Walmart, eBay, Lowes, Home Depot, and so on. I recommend comparing three or more similar products from 3 or more major retailers, preferably those with a price over $100 or $200.
The positive is that these retailers are well-known and well-trusted, making sales easier. The negative is that commissions are low, and the trend for the last several years has been to lower commissions even more.
As you see in the snapshot above, in an email I received yesterday as a Walmart affiliate, Walmart lowers commissions today.
This first method still has its merits, and there are still upsides, such as a new "Featured Item" from eBay. In addition, more and more retailer ads will update themselves.
#2 Digital Products
This is my favorite method. For one thing, commissions are significantly higher. Most digital products pay 50% to 75% commissions and higher. Most Affiliate Networks have some digital products, the two that mainly focus on digital products are Clickbank and Avangate. Clickbank has products in almost every niche. Avangate is mostly a technical product network. While physical products from well-known retailers almost sell themselves, digital products are often not well-known. There is also no built-in trust factor.
What this means is that digital products will require more marketing skills. For both methods, you will need to learn the marketing skill of generating traffic. For digital products, you will need to learn copywriting skills. Anyone can learn these skills, they are not that difficult, but learning is going to be an essential ingredient for your success.
#3 YouTube
There are two ways to make money online as a YouTuber. You can create your own videos. You can use already-made videos, legally, of course. YouTube has an awesome platform with an unimaginable income potential. As a YouTuber, you have the benefit of being on YouTube, which can mean an extraordinary amount of free traffic. Once you qualify as a YT partner, you can earn from $2 to over $12+ per 1K views. Some channels make incomes of 6, 7, and even 8 figures per year from this one source. A negative that comes with YT is that YT owns the platform, in other words, they run the place. I love YT, but I do not love the idea of being an employee, and as a YTer, you are sort of an employee.
What I have discovered is that it is a good idea to look at, and, perhaps, try any or all of these methods, to see which one seems to be the best for you. ALL of these methods work, as long as you work and as long as you stick with it.
Thank you for reading.
Much success.
George Pierce
PS. I invite you to take advantage of my free training, a Clickbank Tutorial, and a Faceless Video strategy to make money on YouTube without making videos.
Comments
Great tips in this post George Pierce and I recommend that Youtubers check out your Faceless video strategy training you shared.
Trying to make money online was not easy for me, I hope this might narrow it down a little and make it easier, thank you, Terri.
Awesome and welcome insight George. I appreciate your explanation of each strategy and keeping things simple.
As you know, more and more online trainers, teachers, and gurus are not doers, that is why I am such a fan of your channel and site, thank you, John.