Almost everyone with internet enabled devices at one time asked on which strategies they can use to make money online?
The business of making money is not only confined to having a physical place or offline store where clients or customers could patronize you. You can have your work online or even combine both offline and online stores.
There are lots of ventures you can take. We have seen people making money from referral programs like NNU income program, Newspay refer ng and many others. Some decide to go with risk-free Capterra which sounds cool to me.
Nevertheless, making money online is not something you can start with no prior knowledge. It is with this revelation that makes me compile an article on various ways you can make money online.
Whatever methods you have adopted while on your daily business, it is applicable to online businesses as well.
If being dedicated to your business is what makes you stand out among your peers, you can apply the same to online business. Of course; dedication alone is not enough. Courtesy, perseverance, diligence, and creativity are all important if you want to make this work.
Ensure you understand that this article is not written to inform you about the qualities required to start an online business but different ways you can make money online.
Different Strategies To Make Money Online
- Online tutorial
- Services and products sales
- Surveys and rating schemes
- Referrals program
- Content writing
- Start an e-commerce store
- Property listing online
- Selling of data and airtime online
With the success being recorded by people around the world, we can say blogging is one of the proven ways you can make money online.
Setting up a blog is so easy. You don’t even don’t to be an expert in HTML or coding. Even a child will be able to set up a blog in less than 20 minutes.
Moreover, when you finally mastered the act of creating a blog. You will be able to set up a blog for individuals and organization at a fee. On a single blog set up, you can make up to $200 or more.
The average bloggers make not less than $100 in a month on Adsense alone. Adsense is just one of the ways they make money on their blog.
As a blogger, you have the chance to earn on your blog by selling ad spaces to individuals, companies, religious centers, and government establishments.
If you really want to achieve that, you must have a lot of traffic. This helps you to negotiate better with clients. Sometimes, clients may need to ask you to provide your traffic report.
To be in control when negotiating with clients, work on getting traffic to your blog. This is done by writing good contents, links from established blogs and SEO practices.
When you are just starting out, you might find it difficult to earn from your blog. Don’t be dejected. Every blogger had one time faced this, you will need to become an authority first by working diligently on your blog.
This might take years to achieve because you will be pitching your tent against the already established bloggers and people with the resources to fast track it.
Probloggers like Linda keji won’t have any problem with starting a new blog because she is already an authority. Gettings links from good numbers of reputable sites would be easy for her, coupled with social shares from people.
Jide Ogunsanya of ogbongeblog.com claimed it took him about 2 years to earn $100 from google adsense. Subsequent months, his streams of income increased because he followed the acceptable standards.
If he can do that eventually, it is just a matter of time before the income from blogging becomes regular. Blogging needs patience and dedication. Just find what you are good at and make it your niche.
2. Online Tutorial
I do tell people that no one is without skill. There is what you can do more than 100,000,000 people.
If cooking is what you are good at, behold, there are a lot of people who want to learn from you.
Do you see yourself as a math genius or expert in one subject/course? There is a platform whereby you can get paid for knowing what you know. Your skills can be monetized.
All you need is to create a blog to make that happen. Google favours tutorial sites well since most of the searches always start with, “How to”. You will be surprised seeing how many people will visit your site on a daily basis if you are willing to put efforts.
On your page, you can get people to pay a little token for your service but you will be able to convert more if you make it free. You can depend on ads and e-books to make more money from your online tutorial site.
3. Services and products sales
This is common these days, mostly among women. The difference is that they resort to using social media as their store.
Not bad though, if we are to look at the advantages of selling on Facebook, Instagram, and Twitter. It makes more sense that we will be advertising our products and services to families, friends, and acquaintances within the same locality.
You can still get to advertise your products or services to a targeted location. You can be in Nigeria and have your products or services targeted to people in the US or Europe. Ads make this happened.
Facebook ads, Twitter ads and Instagram ads are making businesses boom these days, you can also use them to boost your sales. If you in Nigeria, you can spend as low as N200 on facebook ads.
All you need to do is to make your contents as relevant as it can get. Use a clean image to make it more engaging. Over the years, video always have many conversions, it will help if you are able to show people what they can do with the services or products you are putting on sales.
4. Survey & rating schemes
The several ways people make money online will involve you parting with some money to start up a business except you are on this program.
Providing answers to survey and rating products are one of the few available ways you can make money online by just selling data.
When I said, “selling data”, I was not referring to sales of mobile phones browsing data. Rating a product and answering questions is one of the ways you can sell data as we have seen with bigtoken and capterra.
On capterra alone, I managed to earn about $185, which I spent most of them on domain, items purchase and hosting renewal.
Bigtoken requires you to provide answers to surveys and questions. On each set of answers provided, you earn points which can be redeemed as Paypal Money.
5. Referrals Program
NNU income program seems to be the most popular one in Nigeria at the moment but recently, there have been lots of report on unpaid money.
I am still yet to ascertain the reason why they are not paying but that does not mean referral program is dead. It is still working in every country in the world as we have seen with Namecheap Affiliate Program.
There are other affiliate programs like Clickfunnel, shareasale, peerfly, Shopify affiliate, jumia, and kongkonga affiliate, etc.
I intentionally omitted Jvzoo, one of the best affiliate programs. If you are in another country other than Nigeria, you will find the program very satisfactory. Nigeria has been removed from the program but there are several others out there that allow you to make money by just referring customers.
6. Content Writing
New blogs are created on a regular basis. What is a blog without contents? Absolutely nothing.
Not every blog owner has the time to write their own article. Therefore, there is a high demand for good content writers. Writers charge as much as N3 per word, that is about N3000 for just 1000 words. About $9 in US currency.
Imagine how much you can make on a daily basis if you were asked to write about 3000 words.
If you want to get more jobs as a content writer, you can join the bloggers’ facebook page. Make your presence known by engaging with bloggers and give them good quality jobs.
Good quality jobs mean you will get more jobs and as well get more recommendation. I often tell people that if you want to increase sales, concentrate on giving out your best. One that competitors will find so hard to beat and be more warming to clients.
These practise will ensure you get more jobs, which of course translate to more money.
7. Start an e-commerce store
If you are an ardent reader on this blog, you will realise that I have written on online shopping store. Note, online shopping store is not different from an online shopping site.
Starting an online store is one of the easiest ways to make money. You can decide to sell your own product or dropship.
When you drop ship, you do not keep the products ordered from your online store. Here is how dropshipping works; after a customer has ordered a product, you reach out to the manufacturers, who then send the goods directly to the customers.
This is one of the most efficient ways to run an online shopping site without spending on warehousing and other miscellaneous expenses. People do this a lot since one person may not be able to cater for all customers requests unless you are running a single product line.
Top brands know the importance of copywriters. They are as important as the low-level workers of a company who ensure the production of raw materials.
Being a copywriter puts you on your toes, you need to be able to come out with a perfect catching phrase for promotional materials. It is almost the same as indulging in physical efforts but on your own path, it is mental effort.
The sad truth is that not everyone can become a copywriter. A copywriter must have certain qualities before he can be considered as one, most importantly, the ability to think out of the box and self-belief.
We have some creative minds out there who are afraid to try it out because they believe they cant fit in. You can give it a try first to see if you can become one. Your first trial might not work, never be dismayed as it will take a lot of efforts.
If you are planning on working as a copywriter, be sure you know enough about the products and the market the products will be sold. Learn what works in the environment, the standards they uphold and then come out with a unique way of presenting the products.
Top brands and organizations do pay a lot for copywriting. Be ready to work diligently if you really want to become of one of the most sought copywriters.
9. Property listing online
You can always make quick cash on properties put for sales or on rent. All you have to do is register as an agent.
People who want to sell their properties will be quick to hand over property sales to you if you have a lot of experience on how to use social media or a blog.
It will be easier if you already had a proven record of a formidable salesman. This helps you get more jobs and more recommendation from people who have worked with you.
10. Selling of Data & Airtime Online
This is one of the easiest ways you can make money online. Most students in higher institution indulge in selling data and airtime as a means of getting extra cash.
You can make over N1000 as profit every day from just selling airtime and data. You can sell to friends and families on your facebook, WhatsApp, Twitter, and other social media.
It is no secret that buying from third parties is cheaper. With times, you are going to build a long list of customers who will rather buy from you than patronizing network operators. You can also sell to people in your neighbourhood to increase your income.
These are just a few of the many ways you can make cash online. More like a post to prepare you on the strategies used by people to make money online.
The more time you spend online on how to increase your streams of income, the more you learn about various ways that people make money but they never want you to know.
All you need to do is to follow the trend and as well be opened to get more creative about ideas. Ideas are going to pop in along your journey, but the question is do you have what it takes to uphold it?