Hello everyone. Today’s episode is about the top ways to make money online. But first, I want to take a moment to apologize to you all because, in our last episode, I said we would publish the GrowRich podcast every Monday. Unfortunately, I underestimated how often I’m able to put out these free episodes.
So it looks like I cannot promise an exact regular release time but will continue to release these episodes. Some of you have reached out to let me know that they’re useful. Thank you for that. I’ll continue to put out episodes and as long as you’re subscribed, you’ll receive a notification when an episode is released.
Top 3 Ways to Make Money Online
Making money online is something that many think about and attempt but quite often, distractions can ruin plans. The thing is that there’s plenty of “magic bullet” promises on the web, just look at YouTube. I’m not suggesting that all the information is useless but it takes focus (and knowing what you want) to weed out the crap.
Here are the top three ways to make money online that we’ve tested. They all work!
1. Sell Services
A service business, for the most part, is easy to start and typically requires very little investment or capital. Service companies are among the most profitable businesses on the planet. For example, you can start a lawn care company and simply rent your tools from Home Depot. Then add the cost of tool rentals to your service fees.
2. Affiliate Marketing
This is when you promote other people’s products and earn a commission on successful sales. You’ll need to join an affiliate network or program and create a website to begin. Mega networks like ShareASale, Commission Junction (CJ), and ClickBank are great places to start.
3. Drop Shipping
This is my least favorite. Drop shipping is a way to sell goods without keeping them in stock. Essentially, it’s a supply chain management method that is supposed to cut a retailer’s overhead cost down. Once you make a sale, the drop shipper ships the product directly to a customer on your behalf. You’ll need an online store to begin. Shopify is a good place to start.
Some known drop shippers include but may not be limited to the following.
- Dropship Direct
- Worldwide Brands
- Wholesale Central
- Sunrise Wholesale
- And others