How to Make Money Online in 30 Days
Making Money Online
Why Online Is Still Viable
Many people want to increase their income sources in life. Whether it is to pay off student loans, buy a house or simply save up money, everyone could benefit from an online business. The problem is that many people associate online with fast and easy. Building a viable online business is not easy to do and will require a lot of work. However, the work is well worth the rewards later on.
Finding Your Niche
There is a saying, "The Riches are in the Niches." When starting up a business online, it is tempting to go after everyone. When someone asks, "What is your core customer," you respond by saying, "Everyone!" However, this is not the best way to build a business. You want to become really valuable to your customers. This happens when you specialize in an area and bring value to their situation. There are plenty of sectors where this is possible. Making money online is attainable, but it will require a lot of work to get there.
Options for Making Money Online
Building a Business
There are plenty of ways to make money online. Here are some of the most common.
- Affiliate Sites
- Selling Products
A lot of people wanting to make money online start out with freelancing. They go to the first freelancing site that pops up and they start working. If you take this approach, you will soon find out that you are in a race to bottom with price. Unless you have a valuable skill people are willing to pay for, you may be stuck writing articles for ten cents an hour. You can still make money this way, but we want to build an online business that makes money work for us.
Starting a blog is another way that many people try to build up their bank account. There are a lot of great writers who have been able to monetize their blog platform. However, this is a lot more difficult than many people realize. Making real money with a blog takes years unless you already have a big audience somewhere else. For some people, blogging is more fun than freelancing on the side. Just don't quit your day job yet!
Selling Products Online
Another way to make money online is simply selling products. No this is not a post you have stumbled on from 1990. There are several ways to make money in this area.
- Auction Sites
- Selling Your Own Junk
- Buying and Reselling
- Buying from a Wholesaler
The easiest way to get started is simply through a site like eBay or Amazon. These sites have easy platforms with moderate fees for new users. The good thing about large sites is that they have a willing audience of purchasers. If you have a bunch of junk lying around, start looking for ways to sell it. This will help get your business started off the right way. For those who want to start making money online today, I think that selling products is the best way to go.
Scaling Your Selling
Anyone can sell some old shoes online to make money. However, the way to real money is to find a product at a low price and sell it for a higher price consistently. If you have access to a wholesaler this is easy to do. The average Joe or Jane does not, so I am going to go over some other ways to source product.
- Auction Sites
- Yard Sales
Craigslist is shady and downright scary at times. Let's just say there are a lot of sick people in this world. However, there are still plenty of high quality products for a low price on this site. This is not the way to fund your retirement like investing in the stock market, but you can find goods to sell online this way. The good thing about this site is that there are no fees. However, you are limited by how much you can drive around and find products (and hopefully survive!)
Besides finding a wholesale company, finding products on auction sites is the easiest way to go. There are a lot of people simply looking to get rid of their junk this way. I always purchase products in an auction format and then sell the product with a fixed price. This way, I know what my margins are going to be when it sells. Over time, you can really start to build up a large amount of inventory. If you have the money, I recommend starting with $1,000 to buy 50 or more items for your online store. It will take a while to list, but after this initial period the sales will start to roll in.
Making Money Online Poll
What is Your Favorite Way to Make Money Online
Get Started Today
It may be overwhelming to think about opening up an online store and selling products. However, there are really a lot of ways that this can be a viable business over time. There are plenty of ways to make extra money online. A lot of people are drawn to freelancing sites, but many times you are competing with international workers who can provide the same service for 5% of the cost. Not only can selling online be profitable, but this is the best way to scale your time over the long term. Get started selling today!