What is the best way to earn money online ?
There is no single best way to make money online, it all
depends on your interest, skill, commitment and preferences. What’s best for me
may not be suitable for you. Examples:
The
most obvious one, of course, is selling products through online marketplace
such as Amazon, Alibaba, eBay, Shoppe, etc. You can sell either your own
products or other people’s products through drop shipping arrangements.
If
you don’t have a product, you can earn a commission selling other people’s
products. It is called affiliate marketing. Join marketplace such as Commission
Junction to find products to promote. Retailers such as Amazon also have their
own affiliate program in place.
If
you are passionate about something, try creating content and sharing them on
platforms with profit-sharing plans such as YouTube, Medium and Quora(?).
You
can sell your skills at crowdsourcing platforms such as Freelancer. There are
many projects that require design, writing, digital marketing and programming
skills.
You
have talent in creating unique, hand-crafted items? Sell them on Etsy.
…and
many more (I deliberately exclude online get rich quick schemes from this
list).
There
are some who cannot quit their job but would rather get a part-time job to
sustain their daily needs. Yes, there is money on the Internet. Yes, you can
earn profits without leaving your home. However, if you do not want to exhaust
yourself from working, but you still want to earn money from the Internet, the
best way to make money online is to become an affiliate.
What is affiliate marketing?
Affiliate
marketing is an online sales tactic that lets a product owner increase sales by
allowing others targeting the same audience—“affiliates”—to earn a commission
by recommending the product to others. At the same time, it makes it possible
for affiliates to earn money on product sales without creating products of
their own.
Simply
put, affiliate marketing involves referring to a product or service by sharing
it on a blog, social media platforms, or website. The affiliate earns a
commission each time someone makes a purchase through the unique link
associated with their recommendation. Done well, this performance-based
opportunity can become an important part of your business by netting you a
healthy income.
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