Making money online will always come down to the amount of time and money you invest. With that said it will also depend on your experience, knowledge and timing. Sometimes people may also consider luck but generally the lucky ones are those who have either invested time or money or just got in and out at the right time. To make money online is neither easy nor difficult, however can be perceived as being difficult especially when first starting out or trying to make a fast buck.
So here are 10 ways to genuinely make money online in 2017.
Mainly for those living in the UK, matchbetting is possibly one of the best ways to guarantee to make money online. Whilst you need to have a small amount of money to start with around £50 you can easily make a few hundred pound within a few days and scale up to £1000+ within a few months.
The online auction market place which has been around since 1995 has helped people for years make serious money. You can open an account for Free and start selling stuff straight off the bat with little to no investment. Ideally you need a PayPal account to accept payments, although other payment methods can be used. If your starting with very little capital or funds then its worth opening a personal account to start off with. Look for items around the home you no longer want and get them listed. Remember to factor in the fees for both eBay and PayPal, not to mention shipping costs. Once you have built up some funds you could look to purchase wholesale items and upgrade to a business account or maybe even an eBay shop.
In order to make a sustained living from eBay takes time. Providing good customer service is key to maintaining 100% positive feedback.
The ever growing market place giant that is Amazon offers great potential to those wanting to sell online, however the high fees and competition tend to make it difficult when starting out. If you have access to wholesale items with low competition then you could do well. It’s also worth exploring Fulfilled By Amazon (FBA), a service in which you send all your stock to Amazon and they deal with the shipping to your customers. The advantage of this is lower shipping rates and better customer service; however the disadvantage is the fees especially if items don’t sell quickly.
A great way to make some extra cash, however it can be difficult to sustain. Arbitrage is the purchasing from one market place and selling on another with you effectively being the middle man and profiting the difference. So for example you see and item on eBay selling for £5 and the same item is on Amazon for £20. The trick is spotting these items and getting in quick. In addition to this you could buy sale items from major retailers and if they are still at full RRP on the market places you could make a nice bit of profit. If starting out it may be worth hunting around charity shops and car boots, especially for books. Use the Amazon App on your phone to scan the barcode and compare the price.
Affiliate marketing ultimately comes down to numbers. The more people you can get to see and buy your offer the more you will profit. Getting those high numbers to make it worth while can be costly, especially when using Google or Facebook ads. The most cost effective way is to use email marketing, however it can take time to build up a list and not to mention getting the right people in your list.
So how does it work? Simple you take a commission for every product sold to people you refer. Using places like Clickbank and JVZoo will give you products to promote. You will then have to create a website with a sales or squeeze page which then redirects those people to your product or offer. The most effective method used is to give something away for free then captcha their email address, you then email them your offer. If they like and buy your product or offer you can then email them again with similar offers.
Adsense is still the highest paying pay per click advertising around and is a great way to generate a passive income. If you have a website or blog with high enough traffic then you could benefit by putting adsense ads on your site. Make sure you abide by their rules regarding how many ads and location so you don’t get your account closed down. If you don’t have a website or blog then maybe worth starting one. Like this blog, as it gets more visitors then it would be silly not to put adsense ads on.
Buy services for $5. Its been around a while and many may say its tough to get enough sales from it to be worth while, but its free to set up and if you have some skills in drawing, design or article writing then post up your offerings and wait for sales. After a sale you make $4 and there is a minimum withdrawal amount. If you don’t have any skills or services to offer you can always outsource. Find someone who will do the task for $1 and pocket the difference.
Dropshipping is being a middleman within a retail environment. You sell products without holding any stock, you then go to the supplier who then sends directly to your customer.
This can be time consuming and require some serious research, but if you can find a supplier who will dropship and the selling products people want to buy then you could be onto a winner. If the profit margins are good then you could start off by using eBay and Amazon. Ultimately you want your own website however a good marketing strategy is required and high initial marketing budget may be required.
Ecommerce is a stage on from dropshipping where you purchase stock from a supplier and sell direct to your customer. This is very similar to have your own brick and mortor shop and as you grow you may find you need somewhere to store more stock. It will require a significant amount of capital. You may not need to source a supplier if you are also manufacturing your own products. Many people become disillusioned with this type of business expecting to be successful overnight, however in reality it can take months if not years to build up a good solid ecommerce business.
If you like being in front of a camera and have something you think people will like then why not start your own Youtube channel. Maybe you have a skill you can demonstrate on a video, or maybe a hobby you think others would want to see. Get enough views and you can enable ads. Who knows you may be the next Youtube sensation.