Making Money Online Decoded Just for You

Do you feel pressured to make a certain income or provide for the family? Is the job you slaving at for that income killing you from the inside? In a recent 2019 survey, 94% of American workers experience stress and anxiety at the workplace. That is a ridiculously high number. We know stress and anxiety are linked with lower quality of life and even sometimes death. I understand the pain you feel and are trapped by society pressures of studying hard, working hard, and then retire. Let me ask you something. Do you want to go to work right now? Do you like your job and would give your life for it? Has what you studied lived up to your expectations? If you answered yes, maybe this blog is not for you; however, if you said no, you should keep reading.

You have the passion and will to leave your 9 to 5 job, but you are not sure how to make money online? The answer is that making money online is not an easy task and requires time, patience, hard work, and lastly, passion. In the end, you have a passive income that would be working for you, and you would not need to deal with shitty bosses or co-workers. I, from personal experience, love doing Ecommerce (the formal name for making money online), and I hope you do. Here be a list of a few ways you can make money online.

Dropshipping:

Dropshipping is a streamlined retail business stream where the seller accepts customer orders but has a third party who ships the sold stock to the customer. The dropshipping market in 2020 is worth USD 149.4 Billion and was one of the few businesses that grew in the COVID-19 pandemic. Below is a little overview of how dropshipping works.

Now you might ask, okay, that sounds easy enough, but how do I find the supplier? How do I make a store? How do I even get customers? Don’t worry; I got you on that. First, you find a supplier on Aliexpress (Before 2020), but now people use CJ Dropshipping or Eprolo. These suppliers offer better quality products and faster shipping in 2021; you will thank me later. Secondly, you found the supplier, but you need a product to sell. Here simple tips on finding a winning product:

1. Does the product help solve an issue?

2. Is the product unique, or can it be bought in the store?

3. Can you upsell the product?

4. Is this product trending on Google?

Once the products meet the above criteria, then it is a perfect product to sell. However, it does not mean you make sales; you first need to have a well-optimised store that can be made on Shopify or Woocommerce. If you are good at graphic design or you like it, you can make the store by scratch using free or paid themes. However, if you are bad at that stuff, you can go to Fiverr and look for a Shopify store. Make sure to put best sellers in the options. You got your store ready now; the next step is to make your social media accounts and start posting on them. This will help build your fan base up, and while you do that, get video ads made on Fiverr and then start running ads. It is simple as that, and once you get orders coming in, pay for the products through the supplier, and that is it.

Cost to Start: USD 1,500-3,000 to be on the safe side Below is an example of how much you can make doing this.

Links:

• CJ Dropshipping: https://cjdropshipping.com/

• Shopify: https://www.shopify.com/

• Fiverr: https://www.fiverr.com/

Amazon FBA

You might know Amazon is one of the biggest suppliers of goods around the world. They are a massive corporation that also grew in the COVID-19 pandemic. Amazon grew 29% last year in the pandemic. In comparison, other sectors fell nearly 20-30%, and Amazon will keep on growing no matter what. However, you not too late to jump on the bandwagon and get a share of that profit. The model people use most on Amazon is Amazon FBA or Fulfilled by Amazon. The difference between Amazon FBA and Drop Shipping is that you need to order units from Alibaba and ship them to Amazon Centre. Below is a simple outline of how Amazon FBA works.

I will show you how to do each step, so don’t worry. You first need to find a product, and for that, you need a tool called Helium10, one of the best tools out there by far. The Helium10 tool is super important as it allows you to look for products and niches that are undersaturated and making money. Tips on finding good niches:

1. Overall, has less than 3000 reviews

2. Competitors have less than five photos

3. Competitor’s rating is less than 4

4. The product solves an issue

If you follow these steps that Helium10 has outlined, you find an untapped niche. One cool thing is Helium10 has a masterclass that shows you everything, and I mean it. DO NOT BUY ANY COURSE; the Helium10 Masterclass is the best thing you need. Once you find a product, you go to Alibaba and find a supplier of that product. I recommend finding at least 3-5 suppliers. Pro tip always orders a sample of the product to check for quality and have custom packaging and logo on your product. This will help customers feel good about your product. The next step is to make an Amazon listing. That is quite easy to be done as Helium10 can help you on making a listing. Next step is to order as many units as you can. I recommend about 600-1000 units as you do not want to run out of stock. Once you order the units, you can run PPC (Pay Per Click ads) or allow people to come to you organically as Amazon is the third-largest search engine and watch the money roll in. Amazon FBA is a good business model to start with for making passive income.

Cost to Start: USD 4,000-15,000 worth it in the end

Below is how much you can make doing Amazon FBA

Links:

• Helium10: https://www.helium10.com/

• Amazon: https://sell.amazon.com.au/

Affiliate Marketing

Affiliate marketing is an up-and-coming way of making money online. If you go on YouTube, you would have heard people talk about affiliate links in the description bar and how they get 15% of said product? That is affiliate marketing. Companies pay you to market their product to others and get a commission from doing so. It is quite that simple and very passive; however, it takes time to become passive. The diagram below shows an overview of how affiliate marketing works.

First, you need to find to sign up for ClickBank, a site with all the affiliate marketing companies. Once you signed up for ClickBank, you have different niches you can sell products on; one of the best product niches to sell is Health and Fitness products. You found a product to sell the site with all the promotional text and videos; you need to create an opt-in page. An Opt-in page is meant to capture emails then redirect the person to the website where they purchase the products. This Opt-in page link can be placed on different platforms on social media and blogs. Once you have the link ready, you need to market the product to your fan base by posting in groups, DM people, or creating blogs. Then once your link in the groups or blogs, watch as the money starts to roll in.

Cost to Start: USD 100-1000 based on paying for Ads

Links:

• ClickBank: https://www.clickbank.com/

I hope this blog helped you understand the different ways of making online that most people do. There are other ways that I did not cover, but these are a good place to start if you want to make passive income.