If you look at the big picture, there are only three ways to make money online: (i) creating your own products or services, (ii) marketing products or services for profit, and (iii) promoting other people’s product or service. . As you can see, everything revolves around the actual sale of a product or service. Let’s briefly look at each opportunity. Depending on your ability and inclination, you can choose which method is the best way to earn money online for you.
(i) Creating your own product or service – This is the ground zero of any business, online or offline. Unless you have something specific in hand, how would you create wealth? The creation of such a product would depend on your dexterity: it could be physical dexterity, that is, the ability to make things (paint, clothes, terracotta things, jewelry, etc.) tips, etc. Once you have a product or service in hand, you have the means to make money online as there will always be someone, somewhere in need of what you have to offer.
(ii) Trade in products or services: Let’s say you can’t create anything that you can use as a product or service. In that case, you would need to learn how to trade for profit. This means that you must find ways to purchase products and/or services at the lowest possible price and then resell them for a profit. For products, you can search for wholesalers, auctions, wholesales for the cheapest possible rate per piece; For services, you would look for ways to improve the delivery system and thus create a gap between demand and supply, which would bring you revenue. For example, there are many people who need content articles and there are some who want to write for payment. It could become a forum that looks for qualitative writers and provides articles to such websites. The difference between what you pay your writers and the actual price you charge for the article would determine your profit.
(iii) Promote the sale of other people’s product or service – The last option is to promote someone else’s product. This is one of the best ways to make money online, because it’s easy, requires very little time and attention (since most affiliate programs today run on autopilot), and the margins (and your income) can be quite substantial. All you need to do here is make sure that the product/service sells. This could be done only if people know about it in the first place; therefore, you should be able to promote it through pop-up ads, PPC campaigns, organic website ranking, etc. The more you sell, the better and higher your commissions will be. You could earn not only through the direct approach, but also through other people (like you) joining the thread after you. Sales from these people would bring you permanent residual income, multiplying your array of earnings.
