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Business

10 Legit Ways of Making Money Online

How To Earn Online In 2020

Today I am going to share 10 legit ways of making money online.

There are two types of income, active income which requires you to be physically present at a job and Passive income, meaning you make an effort once and money should start to come at regular intervals automatically.

Here are the 10 legit ways of making money online:

Number 1: Shutter Stock

You might have heard of the platform before.

It’s more of a market place where different artists from around the world showcase their work on these platforms and sell stock images without having to do any extra effort.

If you’re at all into photography, and you have a cache of nice photos, you could consider selling them through sites like Shutterstock and iStockPhoto, two of the biggest photo resources online.

It doesn’t take too much effort to do this, but it does take creativity and persistence to succeed with it.

You’ll find serious competition when trying to sell photos online, but this is also a great method for generating passive income.

If you can license your images or sell them as stock photography, you won’t have to do any additional work to generate income from that sale once the photos have been posted online. Just collect your payments.

Number 2: Build an Amazon FBA Business

Amazon is for sure a market giant but on the other hand, it is a great opportunity for you to generate passive income on the side.

If you want to go directly to the world’s largest online retailer, consider setting up a Fulfilled-by-Amazon (FBA) business. Amazon will pick, pack, and ship your orders, and you’ll have enormous exposure to a buzzing marketplace where products are selling every second.

There’s a lot of demand on Amazon, and if any product is going to sell, it’s going to sell well on Amazon.

But the goal here is to source the right products that will easily sell at the world’s largest online retailer. Generally, products between $10 and $50 sell very well here.

Just be sure to do the right market research before jumping on this bandwagon.

Number 3: Dropship or Shopify store

Dropshipping is one of the most profitable passive income sources you’ll find online.

 And since we here at Oberlo specialize in dropshipping, it’s a good place to start.

With drop shipping, you can find trending products on the Oberlo marketplace that you can then sell online to customers around the world.

You can sell products in various dropshipping niches from fashion to home decor to beauty.

The magic in dropshipping is that you build your own business and control how much you charge for the products.

Out of all the passive income ideas on the list, dropshipping is the one where you have the most control over your earnings.

To start dropshipping today, you can sign up for Shopify.

Number 4: Start a Print on Demand online store

Print on demand allows you to sell your custom graphics on products like clothing, mugs, canvases, phone cases, bags, and more.

The best thing about this is that you can build your own branded products.

The only downside is that you need to be savvy at graphic design because the margins are often too thin to outsource the designs affordably.

However, if you design that unique winning design, your sales will take off.

Plus, it won’t hurt sales since you won’t be competing with anyone but yourself.

Number 5: Affiliate marketing

Don’t want to operate an Amazon FBA business? No problem.

You can still become an affiliate of Amazon or any other major brand and start your passive earnings.

The best part is there is no limit to how much you can make.

It all depends upon your marketing skills, consistency, and the product you choose.

The only real downside is that you only make a commission of the sale.

Some programs like Shopify’s affiliate program allows you to earn up to $2,000 per referral, which is astronomical.

Some online retailers only give a measly 10% referral bonus.

So you’ll want to make sure you do some research into the best affiliate marketing programs before you get started.

Blogging tends to be the most cost-effective way to make recurring affiliate commissions without having to spend money on ads.

Number 6: write an e-book

If students are good at anything, it’s researching and writing.

With the Amazon Kindle store, anyone can publish an eBook and make money.

And the Kindle app is now available on almost any device (laptops, iPods, smartphones, and yes, Kindles) so your global market is huge!

List your book for $1.49 – $6.99 and you earn 70% of the sale.

Considering Amazon is the ultimate selling machine (and remember people are looking to spend), that is a fantastic deal.

The key to success with eBooks is to create value, and write non-fiction.

Simply bundling information, you have researched and complied on a common problem (eg. ‘secrets’ to finding a job) and then presenting it in an easy to digest format (an eBook) justifies someone spending a few quid on it.

Another big tip is to have a great cover designed so it stands out, and once your book is live on the Kindle store it’s really important to get some reviews so it shows up higher in results.

Encourage readers to leave an honest review at the end of your book.

Number 7: Start Selling Gigs on Fiverr 

Gigs or small services are becoming more and more popular.

It allows people to hire professionals to form almost every sector of the world for a very low price to get small tasks done.

Fiverr is now the world’s largest gig marketplace.

What you offer could be absolutely anything, from writing and translating, social media posting, playing pranks, and teaching to creating music, voiceovers, and short video clips for people all around the world!

The default price is $5 but you can attach extra services to gigs for more money.

Whilst it might not seem like much, it can quickly add up and there are plenty of examples of people making a really good living from the site.

The key is to get a system in place which minimizes the time spent on each gig.

Number 8: Make Money with Amazon Mechanical Turk

If you are interested in selling your skills to perform small tasks you should consider Amazon Mechanical Turk.

Even in the age of automation, some jobs still require a human touch.

Companies often outsource those jobs via services like Amazon’s Mechanical Turk.

As a “worker,” the tasks you’ll be assigned can be tedious — tagging images, transcribing videos, classifying receipts — and can take anywhere from a few minutes to a few hours.

Temporary employers or “requesters” set the price for each task and get to approve the finished product before paying you.

That can leave room for scams, so do your research, and join a community like the MTurk Crowd forum, or the MTurk and Turker Nation subreddits, which can steer you away from shifty dealers.

These communities and fellow “workers” can answer questions and give a realistic idea of how much money you can expect to make.

Read more about Mechanical Turk is a way to make quick money online.

Number 9: Start a blog

The most popular passive income stream tends to come from blogging.

Blogging has helped countless bloggers and entrepreneurs earn passive income through affiliate links, courses, sponsored posts, products, book deals, and more.

It can indeed take quite a bit of upfront work to build a successful blog.

However, it’s one of the most sustainable ways to generate an audience through organic and social traffic or by building an email list.

The biggest perk of creating a blog is that you can turn that one asset into several different streams of income.

Thus, making running a blog one of the easiest ways to make passive income.

Number 10: Start A YouTube Channel

Starting a YouTube is one of the fastest ways to build and grow your brand.

YouTube is Free and as such, you can capitalize on the massive traffic that YouTube gets daily.

With YouTube, you can make videos on any niche or topic that interests you and also with time, you can monetize your videos in order to generate income.

There are lots of resources online and on YouTube on how to start your own YouTube Channel.

So what are you waiting for? Go sign-up and start making videos on YouTube.

There you have it, the 10 legit ways of making money online.

Why You Need A Home Based Business.

Categories
Business Lifestyle Personal Development Personal Finance Success Tips Wealth Creation

Treat Your Personal Finance Like A Business

In this present economic climate, it is vital that you treat your personal finance like a business.

So what does a business have in common with you?

First and foremost, a business provides goods and services and in return generates income.

Secondly, in order to provide these goods and services a business incurs expenses.

Third, in order to expand and grow, a business must invest what ever cash is left over at the end of the week, month or year in it’s growth or borrow money for growth.

Treating Your Personal Finance Like A Business

Just like a business, you go to work to earn income in order to survive.

In order to provide for your basic necessities such as housing, food, transportation etc, you have to incur some expenses.

The difference between your income and your expenses is what is left over for investments.

Investing in income producing assets is the key to your personal financial well being and wealth creation.

You must change how you manage your finances in order to position yourself financially.

Steps On How To Be Secure Financially

  • Create a budget and stick to it.
  • Know your numbers, i.e, know your total assets, liabilities and networth.
  • Increase your income.
  • Decrease your expenses.
  • Invest your positive cashflow in income producing assets.
  • Never fall into the lifestyle expense creeps. Basically, because your income increases doesn’t justify over extending yourself.

These steps might seem simple however, it will require a complete paradigm shift in your thinking to pull this off.

These are the same steps I am applying in my journey to growing my wealth and financial independence.

By staying focused, disciplined and committed, you too can learn to treat your personal finance like a business.

The Main Reasons Why You Are Broke.

Think Of Money As A Tool.

How To Create Your First Budget.

Categories
Business

Steps To Take Before Starting A Business

Thinking of starting a business? Here are steps to take before starting a business.

For some people, starting a business sounds like a scary idea.

They would rather work all the years of their life for someone else than having a business of their own.

For others, however, there is nothing more exciting than starting a business.

Many people dream of starting a business from the time they are young.

These people love the idea of being creative and of selling products they believe in.

Starting a business of their own sounds like the ideal way to make a living.

If you’re one of these crazy people that dream of one day starting a business, you can start the process by taking time to define your goals.

First, if you’re considering starting a business, try to brainstorm the kind of business you want to start.

Steps Before Starting A Business

Do you dream of selling books or of having a coffee shop, or is the idea of selling sporting equipment more your style?

You can start a business for just about anything, so it is important to narrow your ideas to a couple of businesses.

It is usually true that starting a business will go better if your business is focused on something that you love.

Without passion you will not get very far with your dreams.

You have to take into account factors such as money, time, and resources required to start your business.

Make sure to have a well detailed plan for your business.

The key is having a well thought out business plan.

Another important step is before you rush off starting a business, sit down with current business owners, and learn as much as possible from them.

Their years of trial and error will be invaluable to you as you look to starting your business.

They can also serve as your mentor and accountability partner.

These are the steps you should take before starting a business.

Why You Need A Home Business.

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Affiliate Marketing Business

Benefits of Being an Affiliate Marketer

What are some benefits of being an affiliate marketer?

Affiliate marketing has become one of the most effective ways to earn an income online.

It is also one of the easiest ways for anyone with a website to make a profit online.

Affiliate Marketing is an agreement between a merchant and a website owner.

The Main Benefit Of Being An Affiliate Marketer

One of the main benefits of being an affiliate marketer is that, you don’t have to develop your own products or services.

The website owner, or the affiliate, allows the use of their site for the promotion of the merchant’s products by linking to the merchant’s website.

In exchange, the merchant pays a commission to the affiliate on all sales generated by the affiliate.

Every time someone clicks on the link on the affiliate website and proceeds to make a purchase, the affiliate gets a commission.

The merchant will pay the affiliate only when a customer clicks on the product link and makes a purchase.

Affiliate marketing programs are known as a win-win situation for both the merchant and the affiliate because of the pay-for-performance scheme.

Both the merchant and the affiliate enjoy some benefits in affiliate marketing.

There are many benefits to the merchant’s side. It gives the merchant a wider market in which to advertise a product or service.

Affiliate marketing will give the product or service the maximum exposure that it may not get with other traditional advertising techniques.

The more affiliate sites a merchant has, the higher the traffic, which can convert to sales.

Affiliate marketing is the equivalent of having an army of salespeople who do the advertising and get a commission if a customer purchases.

Therefore, since an affiliate marketing relationship is a win-win situation, the affiliate also enjoys many benefits.

More Benefits Of Being An Affiliate Marketer

Foremost among these is the easy way to make a profit.

The affiliate can earn by having an ad or link to the merchant’s website, which prospective customers click and proceed to make a purchase.

Once the prospect clicks on the affiliate’s link, they are redirected to the merchant’s website.

The more referrals there are the more profit for the affiliate.

Affiliate marketing is an excellent way to earn money while at home. There are virtually no production costs.

The product is already developed and proven by the merchant, and all you have to do is send traffic.

Affiliate programs are usually free to join, so affiliates do not have to worry about start-up costs.

There are thousands of products and services you can choose from. You can find affiliate programs for every product under the sun.

Surely, there is a product or service out there that is relevant to your website.

In addition, there is absolutely no sales experience necessary.

Most affiliate programs offer excellent support when it comes to providing marketing material.

The simplicity of affiliate marketing allows you to be an affiliate marketer at the least cost and the most comfort.

Watch my video below on an affiliate program I am currently involved with.

Partner with Anthony Morrison

You can even build a successful affiliate marketing business right in the convenience of your own home.

As an affiliate marketer, your main responsibility is to direct prospects to the merchant.

You do not have to worry about inventory, order processing, and product shipping.

These, along with customer service support are the duties of the merchant.

Because of the global reach of the internet, you can easily find thousands of prospects.

You can increase your advertising campaign by applying more aggressive and productive strategies such as viral marketing.

By attracting more prospects, you also maximize your potential to earn.

Another benefit of an affiliate marketer is the minimal risk involved.

If the product you are advertising is not making money then you can dump it and find another.

There are no long-term binding contracts tying you to products that are not making enough money.

The best benefit of being an affiliate marketer is the opportunity to increase your income and make a profit doing it.

If you are looking to start an online business, affiliate marketing is one of the simplest and most effective business opportunities online today.

Creating And Starting An Online Business.

Categories
Business

How to Start Forex Trading

How do you start Forex trading?

In order to take advantage of the Forex market, it is very important that you understand what Forex trading is.

Forex is a market place where consumers and businesses around the world get together to buy and sell currency.

Forex trading can be used to hedge against currency fluctuations.

Now that you have a good idea of exactly what Forex is, here’s how to start forex trading.

Forex trading can be confusing to a lot of people, but with practice, should be quite simple to execute.

Steps On How To Start Forex Trading

The first step is finding a good broker.

Having a good broker will save you a lot of hassles. A bad broker can cost you thousands of dollars in excessive fees.

You need a broker that is capable of giving you great advice.

If you are determined to work with a lender, you must take the time to review their track record.

Once you have selected a broker, it is time to set up a demo account.

This will enable you to start learning how Forex works without spending real money.

The purpose is to simulate real trades without using real money.

After the demo phase is over, the time is right to start studying charts.

This allows you to really determine how the market shifts before executing trades.

As long as you invest time in studying different charts, you will improve your success rate in the market.

Most new Forex traders discover that after they have started trading in the Forex market they have no clue how to read the charts, which could result in big losses.

Once you have taken the time to do your due diligence, you will have the confidence to initiate your first trade.

Making your very first trade will most likely make you nervous. Just be absolutely certain that you know what you are doing.

If you ever have any questions, especially in the beginning you need to take the time to consult with your broker.

The Forex marketplace presents great opportunities for people who are willing to learn it to make money.

Business Categories.

Steps To Take Before Starting A Business.

Categories
Affiliate Marketing Business

Advantages Of Affiliate Marketing

One of the advantages of affiliate marketing is, it is an effective way to advertise online.

It is also one of the easiest ways for anyone without a website to make money online.

Affiliate Marketing Basics

Affiliate Marketing is an agreement between a merchant and a website owner.

The website owner, or the affiliate, allows the use of their site for the promotion of the merchant’s products by linking to the merchant’s website.

In exchange, the merchant pays a commission to the affiliate on all sales generated by the affiliate.

Every time someone clicks on the link on the affiliate website and proceeds to make a purchase, the affiliate gets a commission.

The merchant will pay the affiliate only when a customer clicks on the product link and makes a purchase.

Affiliate marketing programs are described as a win-win situation for both the merchant and the affiliate because of the pay-for-performance model.

Both the merchant and the affiliate enjoy some benefits in affiliate marketing.

There are many benefits to the merchant’s side. It gives the merchant a wider market in which to advertise a product or service.

Affiliate marketing will give the product or service the maximum exposure that it may not get with other traditional advertising techniques.

The more affiliate sites a merchant has, the higher the traffic, which converts to sales.

Why Affiliate Marketing

Affiliate marketing is the equivalent of having an army of salespeople who do the advertising and only get a commission when a customer purchases.

Affiliate marketing relationship is a win-win situation, the affiliate also enjoys many benefits.

First is, it’s an easy way to make a profit online.

The affiliate can earn by placing an ad or link to the merchant’s website, which prospective customers click.

Once customers click on the ad on the affiliate’s site, they are redirected to the merchant’s website.

The more referrals there is, the more profit for the affiliate.

Affiliate marketing is an excellent way to earn money while at home.

There are virtually no production costs.

The product is already developed and proven by the merchant, and all you have to do to send traffic to your affiliate link.

Is Affiliate Marketing Free?

Affiliate programs are usually free to join, so affiliates do not have to worry about start-up costs.

There are thousands of products and services you can choose from. You can find affiliate programs for every product under the sun.

One of the advantages of affiliate marketing is that, there is absolutely no sales experience necessary.

Most affiliate programs offer excellent support when it comes to marketing material.

The cost of being an affiliate marketer in most cases is minimal.

You can even build a successful affiliate marketing business right in the convenience of your own home.

In affiliate marketing, your responsibility is simply to find prospects for the merchant; you do not have to worry about inventory, order processing, and product shipping.

These, along with customer service support are the duties of the merchant.

Because of the global reach of the internet, you can easily find thousands of prospects.

You can intensify your advertising campaign by exploiting more aggressive and productive strategies such as viral marketing.

By attracting more prospects, you also maximize your potential to earnings.

A benefit to an affiliate marketer is the minimal risk involved.

If the product you are advertising is not making money then you can stop promoting it and choose another.

There are no long-term binding contracts tying you to products that are not making enough money.

The best benefit of being an affiliate marketer is the opportunity to increase your income.

You can make a lot of money even if affiliate marketing is only a sideline business.

With your own affiliate business, you can earn extra income, and you do have to put in the effort.

Affiliate marketing is one of the simplest and most effective business opportunities online today.

Other business ideas.

Categories
Business Wealth Creation

Why You Need A Home Based Business

There is no disputing the fact why you need a home based business today.

The current global economic climate makes it very vital why you need a home based business.

The most risky position to be in is relying on one source of income such as a Job. Jobs are no longer secure today and employers have no loyalty to employees anymore.

The best thing you can do for yourself is to start a home-based business and here are some reasons why you should.

Tax Advantages

Did you know that the USA tax codes are designed to reward entrepreneurs?

This is a main advantage why you need a home based business.

Having a home based business allows you to legally take business deductions of which there are over 435 and counting.

The wealthy understand this and that is why they all have multiple businesses.

I am not a tax professional, therefore, please consult with your tax professional for more advise with regards how you can minimize your tax liabilities.

Multiple Sources of Income

This is another reason why you need a home based business.

Having multiple sources of income ensures that you are able to withstand any economic situations.

As you know, the economy goes through cycles and if you have only one source of income, then you are seriously disadvantaged when there are down turns in the economy.

Wealth Creation

Your main goal should be how to create, grow and maintain wealth.

Wealth is created by investing in income producing assets such as real estate, stocks, bonds, gold, silver, businesses, just to mention a few.

By investing in assets that appreciate over time and also using leverage, you can exponentially increase your wealth.

Create Your Ideal Lifestyle

The current trend right now is everyone wants to be an entrepreneur.

Unfortunately, most people go about this the wrong way.

Starting a business requires a great deal of commitment and resources.

Everyone’s situation is unique and the best way is to maintain your 9 to 5 job until the income from your home-based business replaces the income from your 9 to 5 job.

You will have the freedom to do whatever you choose to such as, traveling, live where ever you choose, have the resources to donate to charities and provide a better life for your family.

Creating and starting an online business.

Multi-Level Marketing Home Based Business.

Advanced Wealth Planning Strategies.

Benefits Of Being An Affiliate Marketer.

10 Legit Ways of Making Money Online.

Categories
Business Lifestyle Personal Finance Real Estate Investing Wealth Creation

Why The Rich Get Richer

It’s no secret “why the rich get richer” and the middle-class and others are struggling.

If you aspire to be rich, then here are 5 simple reasons why the rich get richer.

Pay Yourself First

This is the first principle that the rich abide by, they pay themselves first before anyone else.

We all work hard for our money but yet choose to pay others first.

The key to getting ahead and being fiscally fit is by building a massive capital reserve for emergencies, investments and fun.

The rich understand this basic concept and this is why the rich get richer.

By paying yourself first, you set aside resources for savings and investments.

These investments go to work for you generating more income and cash-flow.

The rich value their time and always look for ways to maximize their efforts.

We all have 24 hrs in a day and as such, we can not work the whole 24 hrs.

The rich look for opportunities to generate income even while they are sleeping.

The rich always have their money working for them and not them working for money.

By paying yourself first, you set yourself up to capitalize on opportunities.

Remember do what the rich do and pay yourself first.

Invest Their Money

The rich get richer by investing their money.

Investing your money is the key to growing your income, cash-flow, and networth.

The only way to be rich and wealthy is to invest your money in income producing assets.

Examples of such assets are real estate, stock market, businesses, gold, silver, and other precious metals just to mention a few.

If you want to be rich and wealthy, you must invest your money.

Build Businesses

The rich build businesses that generate multiple income streams.

The name of the game is cash-flow and the rich understand this and that is why they are constantly exploring opportunities to create more cash-flow.

As stated earlier, the rich and wealthy value their time while the middle-class and others exchange their time for money.

Having only one stream of income is the most risky form of existence.

As of my writing, we are currently experiencing the biggest health pandemic.

The effect of this could be felt globally with businesses shutting down or going bankrupt and employees laid off etc.

Conditions are so bad that the USA government had to bailout businesses and send stimulus checks to it’s citizens.

This is why you must not rely on one source of income.

So look into starting your own business or businesses because as a business owner, you get to enjoy all the tax benefits of owning a business.

Long-Term Mindset

This is another reason why the rich get richer.

They have a long-term mindset and are always planning for the future.

Every move they make is well calculated and they are never afraid to take risks.

The middle-class and others are always seeking instant gratification and never have long-term planning.

Yes, it is ok to indulge, however, the rich only indulge using the cash-flow from their investments.

The rest of the population indulges using their hard earned money.

To get ahead financially, you must have long term plans and only acquire income-producing assets and use these incomes to fund your lifestyle.

Build Networth

The rich get richer by focusing on building their networth.

The rich never focus solely on income but rather by growing their networth.

The only way to grow your net-worth is by investing in income producing assets which grow in value over time.

The key to building your net-worth is by having a personal financial statement and reviewing it on a consistent basis.

The financial statement has 4 sections:

  • Income
  • Expense
  • Assets
  • Liabilities

Income

This section lists your income sources, paycheck, dividends, business, real estate, etc.

Expense

List all your expenses, car payments, utilities, mortgage, students loans, etc.

Assets

This shows all your assets, remember assets produce income, therefore your house is not an asset unless it generates monthly income for you.

Liabilities

The liabilities section list what you owe such as, your mortgage loan, car loan, student loan, consumer loan, credit card debt etc.

Your net worth is calculated by subtracting the total of your liabilities from your total assets.

This is why the rich get richer.

Categories
Business

Creating And Starting An Online Business

There are three ways to creating and starting an online business.

These three main categories are: selling products or services to retail customers, selling on eBay or Amazon, and business-to-business.

When you are looking at creating and starting an online business, you must decide on which of these three categories.

If you choose to sell to retail customers, you will have to find unique products and services that differentiate you from the competition.

To sell on eBay or Amazon, you have to find a wholesale distributor of products available at a discount.

If you are already involved in a business-to-business forum, then this will be an easy transition for you.

Most people decide to start an online business but have no idea where to begin.

By focusing your efforts on one of these three categories, you’ll know in which direction to start.

With eBay or Amazon, look for a wholesale distributor where you can purchase products at a great discount.

To find some wholesale distributors, visit www.wholesalecentral.com.

If you decide to sell products or services to retail customers, find a niche that is underserved by your competitors.

Finally, if you decide you want to do business to business selling, figure out your value proposition for your target market.

Business-to-business selling is similar to the retail strategy in that you want to focus on a niche and dominate that niche.

Creating and starting an online business can be both a challenging and rewarding experience.

Read my other post on “MLM Home Based Businesses”.

Looking for more ideas? Then check out “Creating a lifestyle business”.

“Best Online Business to Start with No Money”.

How To Start Forex Trading.

Categories
Business

Multi-Level Marketing Home Based Business

Are you looking to start a Multi-Level Marketing home-based business? If so, it could be a very lucrative home-based business option for you.

You need to weigh the pros and cons of a Multi-Level Marketing home-based business.

An MLM home-based business involves the direct selling of products or services.

If you are the representative, you receive a commission on any sales that came from your endorsements.

MLM home-based business products are only available through the company.

It is often quite confusing choosing an MLM home-based business.

Pyramid schemes are illegal, and getting involved in one can get you in trouble.

You need to do your research into the MLM home-based business to ensure that it is valid and legal.

There are advantages to having an MLM home-based business.

First, you will be working from home where you can virtually set your own hours.

The MLM home-based business will usually come with a marketing plan.

Having good leadership skills is vital to, an MLM home-based business.

On the other hand, If you are not comfortable with recruiting and selling, an MLM home-based business may not be for you.

You do not need any prior experience, and you can rely on your personality to recruit and maintain your downline.

You only have to work hard on consistently growing your down line.

Always do your due diligence to make sure your MLM home-based business is legal.

When executed correctly, an MLM home-based business can provide you with financial freedom and a great lifestyle.

Also read my post on “creating a lifestyle business”.

Another great post is “steps on how to build a successful business”.

A great alternative is “Affiliate Marketing”.