When the 9 to 5 grind gets to you, it’s time to start thinking about your future.
If you want to improve your income, create multiple income streams to build your fortune. There’s a variety of ways to make money online, from drop shipping and affiliate marketing to lead generation and more.
Then there’s being a publisher, that earns revenue from advertising, affiliate marketing, and sometimes sponsored posts or other means, if they have a large enough audience to monetize. This is a slower path, with less overhead, and you need to enjoy writing. Some will also create digital products such as ebooks to sell.
There’s a number of people that have focused on social media lately, building their following to become an ‘influencer‘ so that brands might pay them to promote products to their network of fans and legions of followers.
If you’re more interested to develop a product, some will buy from Alibaba and sell through Amazon, and possibly drive traffic through Adwords or other means. This approach takes more capital up front, but can work better for some that are savvy enough to manage it. But it’s also cheaper than how people used to do it a decade or so ago.
When you going to sell a product, you’re going to need to think about your brand eventually. It’s never too early, but remember that it’s not what you say it is as much as what others do. You’ll want to create profiles on Google My Business and have a Facebook page, because your online brand will require reputation management, and managing reviews for your business as it grows.
Whatever route you choose, the key to success is not just commitment, but also doing your homework so you know what you’re getting into. Start with a competitive analysis to see whether it’s an overly saturated market or one you can compete in. There’s no shortage of info for creating an online business, but the challenge is determining what’s worth reading and what to ignore.
If you’re nervous about where to start, your simplest option would be to develop a blog on a niche, focus on building up traffic, and figure out how to monetize it later when you have a decent amount of visitors to work with. Your should also read this.
About Max Green