Hearing the everyday “rags-to-riches” story about someone making a small fortune on the internet can bring out all sorts of emotions inside you. You might be cautiously impressed by their story at first, then puzzled at how it could actually all work, and finally intimidated to believe that anything like that could happen to you.
The result? Either you write it off as not your cup of tea, or you start half-heartedly and cry foul when you encounter anything that looks remotely difficult in pursuing your own success.
Owning an online business really isn’t for everybody. But it is more commonplace than you think. In an effort to remove some of the skepticism in seeing yourself succeeding with an internet business, we’re highlighting a few ways you can make it happen.
Disclaimer: You may be tempted to chase down some of the ideas featured here. If you’ve already got something cooking, don’t do it. Our intention is not to sidetrack you, but to broaden your horizons to realize that people are making money online in all sorts of niches and in several different ways. More importantly, you can too!
We’ve always believed the best way to start building your first business online is to take the steps outlined in our Flight Academy (http://KajabiFlightAcademy.com). So, continue on with your “mission” (Flight Academy vocabulary) and let the examples below serve as inspiration for your current Kajabi project.
Without further ado, here are 21 ways you can make money online:
1.) Write an ebook –
Dr. Darwin Smith claims that at 26 years old, he was able to grow 4 inches taller. He’s written about all the methods he believes helped him do it inside “Grow Taller 4 Idiots”, catered to the vertically challenged.
How you can make money online: % of sales of ebook (Clickbank)
2.) Record an audio / video course-
Though not as slick-looking as some of its competitors, “Piano For All” is still raved about by its students. This home study course aims to teach you how to play piano by ear, and comes packed with 10 workbooks, 200 videos, and 500 audio lessons.
How you can make money online: % of sales of course (Clickbank)
3.) Give access to a monthly membership -
Led by David Taub, the “Next Level Guitar” members area currently holds over 850 guitar lessons. Reviews from NLG members highlight the humor and entertainment value of the training videos, which they say makes the process of learning guitar more fun for them.
How you can make money online: membership fees
4.) Sell advertising spots on your website -
“Serious Eats” is a popular food blog with a passionate following. The site’s loyal community members share food commentary, recipes, and advice with each other.
How you can make money online: text / image ads (Google Adsense, FeatureLink)
5.) Review products & compare prices -
DPReview.com strives to be the #1 destination for everything digital photography related. The site has hundreds of reviews, detailed specifications, buying guides, and comparisons for anyone in the market for a new camera.
How you can make money online: image ads, affiliate links
6.) Earn commissions on leads / sales -
If you wanted to make money as an affiliate marketer, here’s a great place to start and get your feet wet. Commission Junction is the largest affiliate network in North America. Of all the top 500 retailers using affiliate marketing software, almost 2/3 of them are powered by Commission Junction.
How you can make money online: affiliate commissions
7.) Offer a freelance service -
You might consider offering a service on Guru.com. Touted as “the world’s largest online marketplace for freelance talent,” Guru.com provides more than 100 job categories. While other freelance sites tend to focus only on computer related jobs, Guru.com offers a much wider variety.
How you can make money online: freelance project fees
8.) Consult for local businesses –
Alan De Herrera started with food photography In 2007 and fell in love with the art of getting the right shot. He’s known for his aggressive approach in getting the most unique and exotic shots. Not settling for the status quo, Alan constantly pushes the boundaries of food photography with his complicated lighting and equipment setups. He’s been consulting for restaurants and businesses in Southern California for the past four years.
How you can make money online: consulting fees
9.) “Flip” websites -
Ever wanted to try your hand at “website flipping”? Flippa is the place for you. It’s a marketplace where people who want to sell a website and people who want to buy a website can be brought together. The system works in an auction format. If you’re more interested in buying and selling domains, try Sedo.com .
How you can make money online: selling a website for profit
10.) Join an MLM opportunity –
The MLM concept is fairly simple: you join first, and if you can get others to join, you make money. MLMs are a dime a dozen, but they attempt to differentiate themseves by the products they promote or their methods of recruitment.
How you can make money online: % of referrals’ fees
11.) Invent iPhone apps -
Building an iPhone app on your own is not as difficult as you may think. It does require some technological savviness, but you can hire a developer to help you out, use software created by Apple, or take advantage of do-it-yourself web apps that guide you through the process.
How you can make money online: app sales, ad revenue
12.) Monetize Facebook games -
FarmVille became a pop culture phenomenon as it was the most popular Facebook game between August 2009 and December 2010. It proved to the online world (on a large scale) one way to monetize Facebook games: via virtual currency, where users could exchange real money for in-game money. This gave players a greater ability to cultivate their virtual farms and care for their virtual farm animals.
How you can make money online: virtual currency, in-game ads
13.) Market a specialized physical product -
“The Perfect Pushup” became a fitness craze as an exercise tool created to take the classic pushup to the next level. Invented by a Navy SEAL commander, the device’s rotating handles were crafted to work more of the upper body muscles than a regular pushup.
How you can make money online: product sales
14.) Own a hobby / ecommerce store -
In 2008, Matthew Glanfield moved away from a successful internet marketing business to start a new online venture centered on a hobby of his, tabletop miniature gaming. That first year, he grossed almost $90,000. In the second year, he made over $650,000 in gross revenue. He strategically uses video marketing to drive traffic to his MiniWarGaming.com site and has amassed over 40,000 subscribers on YouTube to date. He has since expanded MiniWarGaming.com to a traditional brick and mortar store in his hometown, where local gamers come in from neighboring cities to shop, demo, paint, and compete with each other.
How you can make money online: ecommerce sales, in-store product sales
15.) Run an eBay store -
Superior Tattoo Equipment boasts a full line of tattoo equipment for all levels, from the novice to the professional. Their wide selection of inventory makes them the leading online provider of tattoo kits & supplies.
How you can make money online: eBay store product sales
16.) Get rid of your junk on Craigslist -
Got junk? Chances are your trash is another man’s treasure. Get the most return for it on Craigslist, a network of online communities with an active “for sale” section that connects buyers and sellers. It’s a great way to let others local to you know you have something to offer.
How you can make money online: selling junk
17.) Trade forex -
Imagine working at any time of day from anywhere in the world (with an internet connection). Couple that dream with a low barrier to entry (as little as $100 to start), and you have one of the most popular online crazes today, Forex trading. Also known as foreign exchange trading, the basic goal of the trader is to turn a profit by trading one currency for another. With a 24-hour market, low transaction cost, and high profit potential, it’s not hard to see why this opportunity has become so attractive.
How you can make money online: profit from trading currencies
18.) Gamble online
Yeah, it’s not likely a profitable business model, but hey, if we covered Forex trading, we had to cover this (I kid, I kid). Entertain the thought for a second - why would you go to a casino to play video poker when you can have pretty much the same experience in your own home? You won’t have to drive, you won’t have to breathe in another man’s smoke, and you won’t have to tip any waitresses for your drink. Heck, you won’t even have to get out of bed… sign me up?
How you can make money online: virtual poker chip moneyz
19.) Become a YouTube superstar -
Rising to YouTube superstardom is not easy. Regardless of your audience, you need the right mix of creativity, relevance, and consistency to build a large YouTube following. Or, you can take the shortcut to fame and become an overnight success byrecording an auto-tuned song about the fifth day of the week. Oh wait, nevermind, that’s been done already.
How you can make money online: in-video ads, image ads
20.) Devise a brilliant online to offline service -
It’s pure genius. As the original online “Letter from Santa” company, SantaMail.org has written over 300,000 personalized Christmas letters since 2002. At $10 a pop, if you do the math, you’ll see that good ol’ Saint Nick ain’t doing too bad up there every year! Only having to work during the Christmas season, he’s already got a pretty good gig. And, the parents of the world can rest easy on Christmas night knowing their child will receive a personalized letter from Santa with an official address from the North Pole. Imagine the self-esteem and confidence their child will have, knowing that “the Big Guy” has indeed placed them on his “good” list! Christmas morning will be all smiles, and now Mrs. Claus gets some extra spending money for their Cancun vacation in January.
How you can make money online: service fees
21.) Create amazingly awesome web softwareeverybody loves -
Kenny and Travis were just two regular guys who wanted to get their small ebook out to the world. They kept getting hung up on all the technology (“install this, plugin that”) they needed to learn to put a simple marketing process together from beginning to end. They decided to scratch their own itch and birthed Kajabi. Launched to the public in October 2010, Kajabi allowed everyday marketers to quickly and easily build a beautiful private membership site and sell access to it. *Read the uncensored version of the story here…
How you can make money online: unknown???
It’s Your Turn…
What do you think? Got another make-money-online method? Other sites we could mention here? Share them with everyone below: