Did you know that a man from India earned almost 6 billion dollars in just two days? There are a lot of other people who are earning in millions (and possibly in billions) using just the internet. They don’t even have to step out of their house, commute in crowded streets, do a 9-5 boring routine to earn those dollars. In fact, they can work and earn from any part of the world as long as they have a stable internet connection. Hell, they don’t even have to work on all days. You may say to yourself, I want to earn money online from tomorrow. How can I do that?
After all, it looks so easy, just work for 3-4 hours a day and earn thousands of dollars. But is it really that easy? You bet no. It is NOT easy. At least initially. You don’t just focus on the perks they are enjoying today. Look at the efforts that they had put in to reach to this day.
Today, we are going to tell you how you can start your make money online journey. We will give insights into how these successful people had started their journey. So are you ready to dive in?
To start anything you need to start planning. As they say if you don’t plan you plan to fail and online money is no exception to that. To start earning online, you will need the following things.
- Computer & Stable Internet (Mandatory): We explicitly said computer (or laptop) and internet. We didn’t say phone and data. Sure, you can still work on your phone but trust us, life will be simpler if you had a computer.
- Website (almost mandatory): While technically you can earn money online without having a website, it is always recommended having a website. It is your face to the world. It is your 24×7 shop which will earn you money even when you are sleeping. You will need a website sooner or later to earn money.
- Tools & Software: Depending on what you choose to do on internet, you are going to need a lot of tools and software. While don’t go overboard with this, focus on getting the tools and software that are necessary.
- PayPal/bank account (Mandatory): You will need a place to stash the cash that you earn online. Nobody will give you money in the form of hard cash on internet. In short, to get the payment online you will need one of more digital way to receive it. PayPal is almost the universal way to receive the money. There are other ways too, so depending on what you decide to do on internet, figure it out how to receive money well before you dive into it.
- Seed Money: What?? somebody told you that there won’t be any investment needed? Well they lied. You will need money to establish your business. That money will be used to purchase computers, internet, run paid ads, purchasing the courses, buy those softwares and tools etc. Have enough money so that you can sustain at least for a year even if you don’t earn anything.
So, what next? read on 🙂
Step 1: Decide Your Income Stream
There are many ways to earn money online. The very first step is to find out which stream you are going to select to earn money. You can surely select multiple streams but trust us, it is better to start with one, explore it completely and then scale it up or explore the other one completely.
Depending on your interest you can select the stream and select one niche from that stream. For example, if you decide to become an affiliate marketer, then decide one niche which you will be using for doing the affiliate marketing.
But why can’t I choose multiple niches to market? you may ask. That’s a very good question, however once you start exploring more and more into multiple niches you will understand that there are hundreds of things that need your attention. Your actions will start going in haywire directions. You will start getting distracted and realize that none of them are reaching where they should be reaching.
Hence, the best practice is to set up one niche and scale it up. Once it starts fetching you money, you can replicate it with the other niche.
Step 2: Research… Study… Research… Study…
So you are ready with your income stream and niche. Now just immerse yourself in finding as much information as possible about that niche. Find out who is going to buy the product/service from you? What is the demand and supply ratio for that niche? Who are your competitors? What are the gaps in your niche that you may fill? what can you do differently and so on. You will need to find how to keep yourself updated, what courses to attend, the best tools and software to assist you etc.
It may appear that the niche you have chosen may not be worth of putting further efforts based on your research and study. In that case you will need to go back to step 1 and repeat it all over again, and that’s not all. You may have to repeat steps 1 and 2 multiple times. Who said earning money was simple? 🙂
Step 3: Create An Action Plan
Heartiest congratulations if you successfully completed steps 1 and 2. Most people either totally skip steps 1 & 2 and regret later or give up in those two steps only. So if you have completed them then pat on your back and read on.
This is the most crucial step. Now you need to create a plan which you need to follow like a bible. You need to create short term and long term goals and assign actions in order to achieve those goals. You will then break those goals and associated actions into yearly, half-yearly, quarterly & monthly targets. Create backup actions if you don’t achieve what you planned.
You need to plan how you are going to utilize the seed money effectively. Let us warn you, there will be times when you will make bad decisions and lose money. Don’t get dejected with that. Learn from your mistakes and move on. Don’t waste your time in feeling sad about your bad decisions.
Following are some must have actions in your action plan. Remeber, these actions are not even a tip of the iceberg. Your plan will have hundreds of small and big actions.
Action 1: Create A Website
Once you are clear on how you are going to make money, create a website to suit your needs. If you decide to become a digital marketer then your website will need agency look and feel. If you decide to mint money through e-commerce then your website should have e-commerce look. If you decide to earn money through blogging, your website will have many informative blogs
Then there are a lot of things that you need to worry about your website. SEO, website optimization, website ranking are to name a few. Your initial days will see a lot of actions around website.
While not all businesses may need a website, it is still better to get it up and running from the long term perspective. It is always better to earn money from organic traffic. Some of you may not understand these terms yet, don’t worry. Just make a mental note of them and move on.
Action 2: Start Creating Content
It’s time to create a quality content. So if you are a blogger, start writing blogs. If you are into video making, start creating videos. If you are into affiliate marketing start writing reviews. In case of e-commerce, start writing creative descriptions. In simple words, start creating the stuff needed to earn money online.
Just remember, your content should not be copied directly from somewhere and it must make sense to people who are your potential buyers. They should be glued to your content, so it must be good quality content.
Another utmost important point is consistency. You need to create the content consistently. If you are not consistent, you pretty much start from zero in the digital world.
Action 3: Get The Traffic
The next big thing is to get the traffic who will have your potential clients. But how are you going to get yourself seen in the ocean of websites. Your website or content is not even a drop in that ocean.
You may say run paid ads, simple!!! Wrong. Hold your horses. First let your website get ranked organically. Ask your friends, colleagues about the improvements needed in your content. Let your content season a bit. Keep tracking your most visited links.
Once you get an idea which part of your content is fetching traffic and which part is not, then it is time to run the paid ads. Focus on the content that is liked by people for the ads. Chances are that if free traffic likes some of your content, paid traffic may be more profitable.
Soon this organic and paid traffic will start earning money for you. There are a few more ways to monetize your site too, but that’s a topic of another blog post.
Action 4: Start Building a List
The success of any business is in repeat customers. Online money making is not an exception to that. You may have heard the saying, the money is in the list. List that we are talking about is the email list of your buyers and potential buyers. Keep them updated with the new products/services that you are going to offer in the future. If they have bought something from you once, they will buy it again 🙂
Rinse & Repeat
Your current income stream is now almost on autopilot mode. You have started enjoying the perks mentioned in the first paragraph of this post but you are still far from that million dollar mark. What can you do about it? It’s time to rinse and repeat.
Select some other niche and repeat the process again. You may even try multiple niches together as now you can handle multiple things together because of your current experience. Keep repeating it and that million dollar goal won’t be far away.
Last But Most Important
We told you about the man from India who earned ~6 billion dollars in just two days right? He was doing the same thing for past 35 years. Sure, he started earning much earlier however it was not overnight.
Most newbies think that they can start earning overnight with make money online niche and when they don’t they get disappointed and quit. The steps mentioned in this post are not even the tip of the iceberg. You will need time to start earning money. There will be failures, dejection. You will feel like quitting, but don’t quit. Patience is a virtue here 🙂
Feel free to pour your heart out in the comments section if you find this article useful.