Online Earning Opportunities | Top Five Ways To Boost Your Income
If you want to start making more money then you need to look at the different kinds of online earning opportunities. Each one has pros and cons and at the end of the day, you will discover that there is an online earning method that can be productive for you.
There was a debate a few years ago of whether a person could make more money with a blog, now it is a question of how to find the best online earning method and the best ways to earn money fast.
Social media is revolutionizing the way products and services are being marketed to people. The days when a relatively small group of people told us what to buy and how to think are long gone, we no longer accept passively the mass media message, as a result, the door to online earning opportunities is wide open for those who have the courage, the patience and the open mind to learn and apply new versions of old methods.
Five Online Earning Methods
Let’s look at five ways to earn money fast. This business model is different from the traditional business idea of setting up a physical store; invest your money in product inventory and hope that your business becomes profitable in 3 to 4 years. The online earning model allows
you to have a business that you can start with a few dollars and depending on your efforts; you can make it profitable within a few months. Please be aware that these five online earning opportunities are not “get rich quick at the push of a button…” there is no such thing, if there was such a thing, everyone would be doing it and everyone would be a millionaire overnight:
Online Earning #1: Direct Sales
Having something to sell to someone is the ideal online earning opportunity. It gets even better when you have something to sell that other people want and are actively looking for. But how do you know what your audience is looking to buy?
Here is where you need to open your mind and do things a bit different than usual. Many people find a product and then build a website (or blog) to try to sell it. A more profitable online earning method turns that idea on its head, just think about it, isn’t it better to find what people are buying first, and then find a way to offer that product to your audience?
Using social media you have an advantage, if you have an audience and you have nothing to sell, all you have to do is watch, listen and learn what your audience wants. This is better that trying to force something on them that they do not want to buy.
Online Earning #2: Advertisement
This is the traditional blog monetization method of choice and at the same time, it is the most frustrating for bloggers. Displaying AdSense advertising on your blog is easy to set up and implement. The frustration comes from the expectation that Google will deliver high pay-per-click ads to your site or blog, only to find that they might send you something completely different than your expectation.
Generating online earnings trough advertisement is a valid method and it is suggested that you do not focus only on ad revenue, but mix it with other methods listed.
Online Earning #3: Affiliate Marketing
The next best thing to having your own product to sell is to have access to a large reservoir of other people’s stuff that you can sell on commission. This is the key to the method of learning what your audience wants and finding a product to sell to them. Find a product or service that is perfect for your audience and one that you can stand behind 100%, and then become an advocate for your product to your audience.
Successful affiliate marketers use their skills to create tutorials and educational materials that describe the benefits of the affiliate product or service helping people in their buying decision.
Online Earning #4: Network Marketing
Word of mouth is a very powerful method of promoting a product or service. Many companies have capitalized on this and have become multibillion companies by creating a method of rewarding several layers of people into what we know as Network Marketing or Multilevel Marketing (MLM).
There was a time when the words “network marketing” were viewed as dirty words because people felt that to be successful you needed to harass and pressure your friends and family into buying your products. People were under the impression that the multilevel payout business model was a scam and there was something illegal about it.
It was until the settlement of the lawsuit between the U.S. Federal Trade Commission (FTC) vs. Amway that the business model was recognized as a legitimate method of doing business and making money.
My friend Sarah W. from HouseOfCoffee360.com has made a lot of money in MLM and for the last 16 years. She told me once… If you choose to get involved in a network marketing opportunity, make sure they have a product that you use every day, something where you don’t have to become an expert to promote it; be sure it is a product easy for people to understand and finally, help your people become successful because the more they make, the more you make.
Online Earning #5: Sponsorships
Another way to get online earnings is by selling private sponsorships in your website. Here you deal directly with the sponsor and you use the leverage of your social media influence. Be sure to get sponsors of products that you are passionate about and be sure the sponsors get involved in your marketing with the use of promotions that require audience participations. Always remember that your sponsor is looking for his or her benefit more than yours.
There are many methods at your disposal that can generate online earning opportunities for you, we have talked about profitable ways to earn money fast, it is suggested that you use more than one of such methods.
By using several methods in your web site or blog, you are maximizing your online earning opportunities.