Today we’re going to talk about how you can make money online while working from home. Many people dream of this because they’re tired of their day job. So it’s no wonder that everyday new entrepreneurs sprout up from the woodwork.
The work involved can be very tedious but in the end if you are willing to put in the time, it can be very financially rewarding. You’ll need to choose what type of online business you will want to get into. For example, do you want to sell physical products online, or would you prefer to sell digital products?
Which Business Model is Best?
Both can be very lucrative. Both of these models also do take a lot of work, time, effort and some investment. One of the easiest ways to get started is to create a Youtube channel and start selling products on your channel. It helps to actually have the product in your home so that you can show this to your viewers. For example, take a look at your kitchen to see what products may be available online for you to market. If you have a blender for example, that you’ve recently purchased, you can go on Amazon and look for the product to see if it is still available for sale. You would then need to set up an Amazon Associates account so that you can collect commissions from the sale of this product.
Youtube Reviews for Affiliate Marketing
What you are essentially doing here is making a quick video review of the product and placing your link in the description box below. This business model is known as affiliate marketing. It is one of the most easiest ways to get started because there is very little investment involved. In this case then I just mentioned there is no investments because you have the product already and making a video is free. If there are other products that you would like to market that you don’t have, you could technically order them online and make videos.
Affiliate Marketing Blog Strategy
The next step here would be to start a blog. Essentially you would be doing the same as above but in written format on your website. This does require a small investment for a domain name and hosting. Once your blog you set up you should share it on social media and use other SEO tactics to get traffic to your blog. You could also join forums in the related niche and post your links there.
Affiliate marketing can be very profitable but it does take time if you’re looking to build an audience in rank highly in the search engines. The other option is to use paid ads, like Facebook ads and Google AdWords ads. This of course is the more expensive option but the results will be much quicker. You should always include some kind of email campaign so that you can capture these customers before they leave your website.
In this business model you would set up an online store using the platform like Shopify. Here you would find products from vendors that you buy very cheaply but mark the price up several 100% and list these on your store.
Drop Shipping in E-Commerce
This model is called drop shipping where you don’t store it any inventory because you purchase the product just as your customers order it from the website. The manufacturer or retailer will then send the product directly to your customer. The customer is unaware where it came from and only assumes that it came from your store directly.
This type of business model definitely requires on average more investment than with affiliate marketing. Facebook ads are commonly used for the drop shipping model. Profits are usually not as high as in affiliate marketing and range around the 20% mark. However, if you can scale your store, it can become very profitable.
Buying a Course and Checking Out Reviews First
If you have no experience in any online business you will need to gain some knowledge. The best way to do this is to purchase a course online. You could also watch some free videos on Youtube for instruction but most of the time you will only get brief information. If you do find a course that you like, you should always check to see if there are any of reviews on this online course. A good resource to use is drews-review.com where you can find many affiliate marketing and e-Commerce courses that have already been reviewed. Getting a good review is essential to your success because you need to learn from someone that is a professional in the line of business that you are looking to pursue. There are many inexperienced people out there that create courses which her complete trash. That’s why getting a review from an experienced marketer will help you decide.
As you can see, working from home can be a rewarding and satisfying experience. This is especially true when the money starts rolling in. This enables you to have the freedom to work wherever you want in the world. All you need is your laptop and a little bit of motivation.