As far as I’m concerned, there are only three ways to actually make money online. You can sell your own stuff, sell other people’s stuff, or sell advertising space on your website. You will find every business owner you come across online is simply doing a variation of one or all of the above three things.
If you plan on selling your own stuff, your first task is figuring out what you are going to create. Honestly, the sky’s the limit. You can create physical products, digital products, or even sell your own services. Only you know what industry is truly right for you and how much money you are able to invest in getting your online business up and running. As someone who likes to make money more than I like to spend it, I’ve focused most of my entrepreneurial energy into creating digital products and selling my services so that I have little to no production costs and I can deliver my products instantly and/or in a matter of days.
If you have no clue what you can produce, the best option is to sell other people’s stuff. You can do this in a number of ways but the most common business ventures are Affiliate Marketing and/or Multi-level Marketing. To learn more about these areas click here: MLM Vs Affiliate Marketing.
Last but not least is one of my favorite ways to make money on the internet: sell ad space on your website. As the owner of over 15 niche specific websites, I have been able to bring in a steady stream of monthly income by selling ad space to small businesses and entrepreneurs looking for low cost marketing opportunities. The key to being able to successfully sell ad space is having decent traffic, great ad prices, and a targeted website. (Check out my banner rotator, if you are in need of one)
Now that you know the only three ways to make money online, how do you plan on making money? Are you going to sell products? Become an affiliate marketer? Or create a website for advertising and promotional purposes? The choice is yours.