For most people, affiliate marketing is the best way to start making money online. The idea is simple. You sell other people’s products or services through an affiliate site and earn a commission if someone buys through your marketing efforts.
As an affiliate, you can make anything from a few hundred dollars a month to tens of thousands, depending on your chosen niche and the effort you put into promoting it. Your main task will be building a niche affiliate site, selecting products to promote, but, most importantly, driving enough traffic to your site to earn a meaningful income. This method is easy, but you shouldn’t expect to make quick sales or easy money.
What are you good at? Do you have experience and a proven track record? The job market is changing. Full-time jobs are disintegrating as higher-paying jobs continue to be hard to land. On the other hand, consulting continues to be more lucrative, with the industry bringing in $100 billion each year. There is never a better time to sell what you are already good at then now.
You can start by choosing a target niche or you can go a little broader now and narrow down the focus when you gain more experience. You must, however, select a specific problem you want to solve and do your market research to ensure people are willing to pay for the solution. Test your idea, and go back to the drawing board if things don’t work out at first. If they do, scale.
E commerce store_
E-commerce refers to the buying and selling of products and services using the internet. It incorporates the transfer of money and data used to execute these transactions. Most people understand it as the sale of physical products online. According to statistics, around 95% of all purchases will be through e-commerce, so this is the best time to start leaving a digital footprint.
Your first task is to research the ecommerce space you are most interested in and find a niche. Next, choose a business name, legal structure, and apply for an EIN be in the IRS’s good books. Like a brick and mortar business, you will need business permits and licenses. From there, choose an e-commerce platform and create your website. You can either source or develop products, but once you have them uploaded on your store, your job is to market the site and increase traffic to attract customers.