The world is changing, and we are rapidly moving into a Global economy. This opens up a whole new world of digital opportunity, and today I want to discuss 5 ways to make money online in 2016 (without getting scammed), plus a plan of action for you to start today.
First off, I am going to discuss some of the basics. These things are important to give you focus and clarity as to how to get started.
The 5 W’s
There are 5 W’s that professionals look at before making any business decision. The 5 W’s are the Who, What, When, Where, and Why. These will lead you to the “How”.
The 5 W’s do not necessarily go in that order, so I will discuss them in the order pertaining to the topic of 5 ways to make money online in 2016.
It is a proven fact that physically writing things down will increase your odds of achieving your goals, so grab a piece of scratch paper and jot down the answers to these questions as you go through them.
The Who Factor
Now this one may seem simple to you, and of course “The Who?” is you, but it goes a bit deeper than that. You are only half of this factor. We will discuss the other half later on in this article.
Why Do You Want To Make Money Online?
There are several reasons why someone would want to make money online, and being clear as to why you would make such an important decision is just as important as to how you are going to accomplish it.
Which Of These Can You Identify With?
Freedom: This has to be the #1 reason for wanting to make money online. Having more time to spend with your family can be an important motivating factor.
Second Income: A second income is often necessary in order to accomplish some of the things we want in life.
Financial: Other than the obvious financial reasons, there are those that are simply not making it on their salary. Expenses such as transportation, childcare, wardrobe, and all the other little costs of having a job can make it hard for a person to actually get anywhere.
Illness or Disability: This is a situation that none of us wants to be in, but the reality is that it does happen. Maybe you can no longer hold a regular job due to health issues, and your disability benefits are just not cutting it.
Personal Satisfaction: Have you ever been at work thinking to yourself that there has to be more to life than this? If you have, then I am sure you have considered, or even searched for ways to make money online. The object today is to give you the answer.
The Where Factor
Again, the answer to this one seems quite simple, but is it? The simple answer would be “online” of course.
Remember I said I was going to get back to the “who” factor again? We must determine who our target customer is going to be. This is all determined by the “what” factor, which will lead us to the 5 ways to make money online in 2016.
The What Factor
Now we must determine what we are going to do in order to make money online. Predetermining this can make things a lot easier for you, and save you a lot of time, money, and aggravation.
Start out by asking yourself what your passions are. Any passion or hobby can be turned into an online business. Make a list of the things you love to do, and the things you do well.
For now, just list a few things that come to mind, you can add to it later because next I am going to give you a plan of action.
How Are You Going To Make Money Online?
Now that you have clearly determined the basics of the 5 W’s, it is time to determine “how” you are going to make money online. We are going to determine this with a plan of action, and I’ll be showing you 5 creative ways to do this below.
#5) Virtual Assistant: Virtual assistance is basically a secretarial position that is done over the internet. For the most part, it is like a regular job that is handled remotely. The tasks vary, but basic secretarial skills are often necessary, and also may have technical requirements that you must meet. These jobs can be found through job boards and job listing sites. You would apply to them just like you would apply to a regular job.
#4) Sales: There are many companies that hire telemarketers or call center agents that work from home. These are often commission-based jobs, and you must apply to them just like a regular job. They also have technical requirements you must meet. Again, you can find these jobs posted on job boards and other places.
#3) Freelancing: This is another rapidly growing industry, and there are multiple opportunities. Businesses all over the world need writers, photographers, video creators, voiceover narrators, and webmasters. Freelancing can be a very lucrative business, but building a solid reputation and client base can take some time. This can also be highly competitive, and there are many people out there selling virtual services super cheap.
#2) Tutoring: Tutoring is another way to earn money online, and it is not limited to one category. Whatever your expertise may be, you can teach it online.
#1) Affiliate Marketing: AKA Internet Marketing is number one on our list. The best part about affiliate marketing is residual income. This can be in the form of membership commissions, or just a steady stream of sales coming in. Affiliate Marketing can also be learned for free. One of the best programs I have found so far is Wealthy Affiliate. You can start for free, and they will show you how to get up and running very quickly.
When to Start?
The time is now!! Never put off till tomorrow the things you can do today. Procrastination is a financial dream killer.
I like to take things in steps. Write down what you need to do today, and tomorrow, and then just do it! (Like Nike)
Six months from now, you can either be well on your way or still just be dreaming.
You must act NOW!!
Step-by-Step Plan of Action
You can take all 5 of these ways that I have laid out for you today and roll them up into one business.
- Sign up for your Free account at Wealthy Affiliate, and get started on your blog/website today.
- Start blogging about what you love, and start providing your audience with great useful information, videos, pictures, and other great content (tutoring and freelancing for yourself)
- Monetize your blog with affiliate products (sales)
- Engage your readers with emails and comment responses (virtual assistant to yourself)
Take these 5 ways that I’ve just shared with you and create a business that you will enjoy, and your audience will love. Obviously, there is more to this, and Wealthy Affiliate will provide you with everything you need to know for making it a success.
In the 3 years I’ve been online I have helped a countless number of people reach their goals and have shown them how to make money online based on something they are passionate about and I would love to help you do the same thing.
I really hope this article has opened your eyes to the potential that the internet represents and the many ways that you can make money online in 2016. So how do you make money online? Was there anything that I left out or something you would like to add? I’d love to hear about it in the comments below!
I’ll get back with you A.S.A.P
~Scott~