Although there are about as many ways to make money online as there are people, I honestly believe that there are really only four: your own products, someone else’s, MLM, and services. Even MLM is a form of selling someone else’s products, so technically you could say three.
You combine these different ways to make money with the right audience, and the right marketing techniques for you, and you have a business. In fact, you only need three things to create a successful business, and that’s an offer, the right audience, and the right marketing technique.
Below are some of the most effective ways to make money. These different business models should spur ideas for the best business for you.
1. Affiliate Marketing
Affiliate marketing allows you to sell someone else’s products. These may be digital or physical, and you can use a wide variety of techniques to promote. There are one tier and two tier programs as well as continuity programs. Two-tier programs allow you to earn from other affiliates. Continuity programs allow you to earn a passive commission each month.
2. Free Reports
Free reports offer several ways to market. You may give them away to build a list, as well as selling various programs, yours or someone else’s from inside the report. You can put them on software sites as well to help you build passive traffic to your website.
If you have some type of service you offer, you can expand your market by selling online. This includes writing, virtual assistants, and website design and many others. You can sell on sites like Upwork or Fiverr to get started, and you can market on sites like Linkedin and the Warrior Forum as well.
4. Email Marketing
Email marketing is one of the most automated ways to make money online. Build an effective list of loyal followers and then send out an email whenever you have a great offer. It’s almost instant money. You want to make sure you mix great content emails in the mix as well.
You can use this technique to sell your products or someone else’s. You don’t need a list or website, and you can often do it for free.
6. Digital Products
Digital products are the most popular products online to sell, especially if you sell your own because there’s very little overhead involved other than a website and domain name. You can also offer a high markup. WordPress plugins like Woocommerce make it easy to automate the sales process.
7. Physical Products
The markup on physical products is usually less. With the right product though, you can make a lot of money. Systems like Woocommerce and Shopify can help you to create a complete store with both your own products and affiliate products.
This is not only an easy way to build sites, it allows you to make a lot of money. You can sell your products or someone else’s. Blogs are very easy to monetize with the right design.
9. Resale Rights
Resale rights are where you purchase a product from someone else, and you have the right to sell the product and keep 100 percent of the profits. The drawback is that you can’t make any changes to the product.
PLR, or private label rights, is where you purchase digital products that you are allowed to change and make your own. They’re more effective than resale rights because you can use them to create higher priced products.
11. Public Domain
This technique is similar to PLR. Instead of taking generic products and changing them to create your own, you’re changing a previously created product into one you own.
This is by far the best way to create a passive residual income. Memberships allow you to work once and get paid over and over.
Sites like eBay can make you a lot of money. You can use these sites to build lists or sell your products, and the best part is that they’re paying customers.
Pay per click allows you to sell your products or someone else’s. Another technique that doesn’t require a website or list and is the fastest business to start. It can also be one of the most expensive.
15. Forum Marketing
This technique works with both your own products or someone else’s. You can use it to build lists, which is the most effective or sell low-cost products from your resource box.
Giveaways allow you to not only build lists, but you also earn money from those who sign up through your link and buy a product. Since you’re building a list, you make more money because you can market more products to those on your list.
This technique probably won’t allow you to quit your job. However, if you’re simply looking to make a little bill money, it can be effective.
18. Brokering JVs
When you broker a joint venture, you are bringing together the product owner with your own list of joint venture partners. You make a percentage of the sales or a flat fee.
19. Offline Businesses
Most businesses are still in the “real world.” Many of these businesses can still use the internet to expand their customer base.
Cost per action is where you get paid every time your visitor takes action. This technique is very lucrative and requires a website.
Many marketers, myself included, laughingly call this “Just Over Broke.” You can, however, find employment online and work from home. Many companies are bringing their presence online and hiring employees to work from home because it’s less overhead.
Plenty of teaching opportunities abound. You can teach for universities or sites that allow you to offer classes.
23. Content Marketing
Content marketing is about building large websites. You offer your visitors plenty of content, as well as plenty of offers woven into your sites. You can even allow others to build the content for you.
24. Selling From Non-Auction Sites
There are a wide variety of sites online that allow you to sell your products. These include catalog sites, as well as other marketing sites. Many allow you to submit an RSS feed of your product line for quick inclusion.
25. Speed Sales (Fire Sales)
Firesales allow you to make a lot of money quickly by offering your products at a discount. With a time limit, it pressures your potential customers into buying now.
26. Upsells/Cross Sells
These two techniques are a more passive way of making money from your website. They allow you to integrate additional offerings into your mix. Set it up once and continue to make money.
Licensing is where you pay to use someone’s image or even his/her product. Then you are allowed to create products from that license or market that product under your own name.
If you want to discover one of the hottest ways to make money online without your own product, then sign up for my free report: Amazon Affiliate Expert. You’ll learn one of the simplest methods for making money online now. Click here: