Hey guys I'm Suzanne with Arvabelle in this video I'm going to give you ten
ideas of different ways that you can start making money online with different
online businesses. You can do these either as side hustles or with the
intention of eventually replacing your full-time job. If you're not already
subscribed to the channel consider subscribing for more videos on money
investing and mindful living. So idea number ten is social media marketing.
There are many businesses out there that don't really know how to fully utilize
social media to their advantage, so that is where you can come in and help them
harness the power of the internet. Social media really is a fantastic tool for
bringing in more customers or driving more sales, it's just that most business
owners are focused on the business aspect of their company and so they need
additional help with social media and with running advertising campaigns.
Businesses are usually willing to pay people to run their social media
accounts and to keep them up to date as well as running ads on Facebook or
Instagram or sending out email campaigns. There aren't a lot of costs for starting
up a social media marketing agency, you just need to learn how to read analytics
and figure out how to run ads. A good tactic when you're just getting started
is to approach local businesses like dentists or restaurants and to offer to
do the first month for free. Then if you're able to bring them more customers
or drive more sales to their website or to their product then after that you can
start charging them monthly or by ad campaign. Number nine is Amazon FBA. It
seems like the majority of the population is sort of unaware that when
you buy something on Amazon probably a good like half of the time you're
actually buying from third-party sellers. So that's people like you and me who are
working with manufacturers often overseas to have products made and then
shipped to Amazon warehouses. If you were the seller then you would make a listing
on Amazon and whenever a product sold Amazon would ship it out from
their warehouse using Amazon Prime or whatever the customer chose. Now you
don't necessarily have to be inventing something new to start an Amazon FBA
business. Most Amazon FBA sellers are selling white label products. So this is
where a manufacturer or a distributor is selling you a generic item that other
people are also selling, and you're responsible for creating the branding
around that product. So an example of this is when you go to the store and say
you're on the vitamin aisle and you're looking at vitamin C. You'll see a bunch
of different brands of vitamin C. They're all the same product probably all made
in exactly the same place the only differences are like the shape of the
bottle maybe the shape of the actual vitamin itself but it's the same product.
So it's the same idea when selling on Amazon FBA. Now out of everything on this
list Amazon FBA probably takes the most amount of money to get started you'll
likely need a couple thousand dollars and there's going to be some trial and
error both with finding products that sell and also with working with
manufacturers and making sure that a high-quality product is made. Number
eight is to open a Shopify store. Shopify is just an e-commerce platform where you
can open up an online store and basically sell whatever you want, but I
wanted to go over a few ways that you can use Shopify that have low overhead
costs. If you watch anything in the entrepreneur space on YouTube you've
probably heard of dropshipping. Dropshipping is a method of selling products
without actually having to hold any inventory. So how this works is you list
items on your store that you can find from a manufacturer or a distributor on
a website like AliExpress. Then when a customer orders an item off of your site,
you order it from Aliexpress, and the manufacturer will ship it directly to
the customer. I won't really go too much further into how that works that's just
sort of a brief overview of what drop shipping is. But two business models that
I like for Shopify better dropshipping are print-on-demand
products and selling digital products. Print-on-demand is sort of a similar
concept to drop shipping, it's just whenever someone orders a design on an
item like a t-shirt or a mug then after they order it it is actually printed on
to that item. The reason that I like this better than drop shipping is because if
you are based in the US some of these print-on-demand companies will offer
items like t-shirts that are also made in the US, and I think it's good to buy
ethically where you can, and especially if you are dealing with fabrics and
textiles. Selling digital products I think is just a great business model all
around because number one you can have a really high profit margin since you
aren't producing any physical products, and number two there's really no limit
on how much you can sell. If you can sell one digital download you can sell 100 or
1000 and you don't have to do any additional work. The next idea is to flip
domains or social media accounts. So if you are good at coming up with creative
or with catchy names, you can easily buy a like $5 or $10 domain name or
sign up for social media accounts and grab that social media handle for free
and then you can flip those and resell them for profit. People will pay for just
a good name alone, but if you are able to build a website into a blog that
generates a little bit of cash flow or if you are able to start building up a
following on say an Instagram account, you'll be able to flip those for more
money. Number six is affiliate marketing.
Affiliate marketing is when you refer people to a product or a service and
when people click through and use your link you will get a small commission or
percentage of that sale and it doesn't cost any customer anything extra to use
your link. This is my favorite way to make money online because there are no
upfront costs. If you're putting links on a website or on a blog obviously you'll
have to pay to have a website or blog, but you can just as easily do affiliate
marketing on YouTube channels or Instagram accounts. You don't necessarily have to
be paying for anything. The easiest way to get started with affiliate marketing
is through something like Amazon Associates. With Amazon Associates you
will use special links that they give you to different products on Amazon. When
people click through and buy that product or almost any other product on
Amazon within 24 hours of clicking your link, you will earn a small percentage of
the sale. And I'll put the table the Amazon provides on the screen. Usually
these percentages are pretty small but if you have a large volume of people
clicking through and buying things from your links that can start to add up.
There are lots of different referral programs out there that you can use. You
can also join affiliate networks so that would be things like Clickbank or CJ
Affiliates or ShareASale, and with those affiliate networks basically you sign up
and you get access to a database of a bunch of different companies that they
work with that offer affiliate programs. Number five is copywriting. So this does
not mean going out and becoming a patent attorney to obtain copyrights for people.
That is not what we're talking about. Copywriting is writing the copy or the
sales text for advertisements or for different marketing materials. It's
essentially just persuasive sales writing. This isn't necessarily one that
you can just jump into right away, especially if you aren't very good at
writing, you'll need to build up that skill. But good copywriters are so
expensive to hire because their services are so valuable to the businesses that
they're writing for. If you have the ability to basically close a deal for
these businesses through your copy, through your words on an advertisement
or through a marketing promotion, they are willing to pay a lot for that
especially on high ticket items or high ticket services. Number four is day
trading. Out of everything on this list day trading is probably the riskiest, not
only do you need to have money available to trade, with you have the potential to
lose money, and you'll also need to have some available time during regular
market hours. And just as a reminder 90% of people who trade and try to beat the
market fail at it, so for most people they'll probably want to
stay away from that and stick to investing which I have a bunch of other
videos about on this channel so if that interests you go and check those out.
Number three is to start a podcast or a YouTube channel. And I feel like everyone
mentions these, but there are ways that you can make money from the start. You
don't necessarily have to wait around to get monetized on YouTube and start
earning ad revenue. You can use these platforms to advertise for other
companies, to promote your own services, or to do affiliate marketing, which I
talked about earlier. Podcasts and YouTube channels are a great way to
build up a brand, regardless of if that is a personal brand or some other
business that you have. And compared to say just like throwing articles out on
the Internet and hoping that someone finds them, podcasts and YouTube channels
still have a very high search volume but there's relatively low competition. The
next idea is online courses. If you have expertise in any area or if you already
have an audience following you for a specific niche or topic, online courses
can be a great way to monetize that. Selling online courses is again a very
good business model because you don't have any costs to produce a physical
product. So your margins can be very high and again there's no limit on how many
you can sell. I will say though don't just make a course for the sake of
making a course, be sure that you're actually providing value in some way,
otherwise that's a waste of your time, that's a waste of other people's time,
and quite frankly no one will buy your course if it's just a bunch of fluffy
filler content that doesn't actually provide any value. And number one is to
freelance on Fiverr or Upwork. This one is going to be more active work for you,
and it's not necessarily as passive or as scalable as some of the other things
on this list, but it's a great way to earn some more consistent side income.
Fiverr and Upwork are both freelancing platforms where you can go to see jobs
that people have listed and projects that people need help with and where
clients can go to find you. Fiverr may be a little bit easier to get started with,
but Upwork is definitely the more professional platform of the two and
especially if you have experience, you'll be able to charge higher prices on there.
So what you want to do to find clients, is to target all of the people doing all
of the other things that I mentioned on this list. So it's kind of that idea of
in a gold rush you want to be the one selling the shovels so in this case you
want to be the one providing these business owners with the tools they need
to monetize their content. For example with a social media marketing agency you
could design the ads or write the copy for the ads. For Amazon and Shopify
sellers you could do product photography, you could do background removal, or you
can do product research, product listings, or you could actually set up people's
Shopify stores. For podcasters and YouTubers you could create little
animations and transitions for their videos, you could edit their audio, or
edit their video. And for online course creators, you could again edit their
video, you could transcribe the video, write out steps, or whatever else they
needed to complete their course. There are a lot of different directions that
you can go with that, and just in general there are a lot of different ways that
you can make money online. And with any of these online businesses since there
are so many people in the online space, it's good if you can approach it in a
creative way or think outside the box a little bit to make yourself stand out
from everyone else trying to make money online. If this video was helpful and
gave you a few ideas, remember to subscribe to the channel, hit the like
button, visit our blog our Arvabelle.com, follow us on Instagram, and I will see
you in the next video.