Three Legitimate Ways to Make Honest Money Online
When it comes to making money online there is a vast maze of confusion and misleading information available. So many people these days are pitching the next get rich quick scheme and the sad truth is most of these programs simply do not work. So what are some ways you can make legitimate money online and cut through all of the misleading information?
Let’s examine three legit ways to produce income on the internet. These business systems truly work and you can start all of them for little to no investment compared to conventional brick and mortar business.
- Affiliate Marketing. Affiliate marketing, or affiliate promotion, is where you promote another person’s product or service and receive a commission when you provide a sale or lead to the vendor that is selling the product or service. There are many ways you can build an affiliate business. A popular way is to start a blog and place affiliate advertisements that relate to your blog. For example, if you blog is about dog training you could promote products that relate to dog training.So where do you find the products to promote? There are two popular affiliate programs that work very well and those are Clickbank and Commission Junction. You can visit these website and setup an account and find a seemingly endless array of products and services to promote. The payouts vary depending upon the products or services you are promoting. Clickbank is geared toward digital products while Commission Junction is geared more towards online services.Once you have found products that relate to your niche you can simply utilize the advertisements that the vendors provide to you. When a person clicks on your ad they are taken to the vendor’s website and make a purchase, you will then receive commission for that action.
- Selling Products. E-commerce is an extremely lucrative business that can potentially make you a lot of money over time. There are many e-commerce platforms that you can utilize to start your own e-commerce website. It is advisable that you pick a niche that has some competition, but not so much that it will be extremely difficult to make sales.Beyond selling directly from your website you can utilize services such as eBay or Amazon to promote your products. Both of these services allow you to setup your own stores where you can sell your products. The advantage of these business models is that you can reach millions of customers easily, whereas your e-commerce website may not.But what if you don’t want to hold inventory for hundreds or thousands of products? This isn’t a problem at all. You can utilize dropshipping and have your products shipped directly from a manufacturer or wholesaler. Shipping directly from the supplier is a cost saving measure that you can implement fairly easily. It is important to invest some time to find quality suppliers for your products.Starting an e-commerce business does require some investment at startup but it is the best business model to produce a lasting income online. You can setup an entire e-commerce website and utilize Amazon and eBay for less than $500 if you utilize dropshipping. If you decide to start out with inventory the investment will be significantly higher.
- Advertising Revenue. This popular business system is used by millions of websites to make money online. Let’s say you have an informational website pertaining to a certain niche, you can place ads on this site that pay you every time someone clicks on one of the ads. The most popular contextual advertising services are Google AdSense, Yahoo and MSN.You simply signup with these services and then place a small code on your site where you would like the ads to appear. The ads then automatically appear. The ads displayed will relate to the content on your page.
The amount of money you will make with these advertising systems varies widely depending on the amount of traffic your site receives, what your niche is and where your ads are placed on your site. Usually the click through rate is fairly small but if you receive a large amount of traffic you can potentially make a nice income from these advertising programs. You can start using these advertising programs for free.
Whatever model you choose to make money online, the amount you make is dependent upon getting quality traffic to your site. If you are just starting out the process can be slow and tedious but just like everything else you have to stick with it to make it work. What you put in to your business usually gives back to you in the end.