In the previous posts, we delved into the #1 question that all aspiring digital entrepreneurs and online business owners ask: ‘Is it possible to make money online’.
Now that we’ve studied that question, the next question that you would be asking is: ‘How?’
There are many ways to do so, and there are many people who are dying to teach you.
A quick search on Google returned 250 Million results in less than a second.
A quick overview of online businesses
Here are the 3 main ways you can make money online, and some examples of what people have done before.
1. Providing a service
- Build websites for others
- Creating corporate videos for business owners
2. Selling a product
- Information products that teach people a skill
- Affiliate marketing
3. Linking potential customers to service or product distributors
- Google Adsense
- Banner Ads
- Selling EDMs or Solo Ads
Where should I start?
Now that you have an idea about the 3 main ways that you can make money online, you may be feeling a little overwhelmed by these possibilities.
The best way an aspiring digital entrepreneur to start is to take one step at a time.
And one of the best ways to get started is (in my humble opinion) to start with a blog.
Take a glance at this quick overview of the ways to make money online through blogging. This informative summary from Problogger.
Notice how having a blog will open up more opportunities to make money online. And the most interesting thing is, notice blogging allows you to make money in all 3 ways mentioned above.
In other words, it is possible for you to build a database of potential customers through your blog. And with this database, you can either choose to offer a service, a product or link them up to useful products/service in the future.
Before you get all excited, do remember that there is always two sides to any opportunities.
As for blogging, the major downside is that it takes a lot of consistent time and effort to build up a sustainable readership, and a strong following.
And many who tried have failed because they could not persist long enough to see the results.
Are you willing to put in the effort and time to build up an income generating blog?
If your answer is a yes, enrol in our ‘How to build an income generating blog’ email course and get started now!
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