Way No. 10 To Make Money Online

Way No 10 - Resell Items On eBay

 

What is eBay.com?

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eBay is the most popular website to buy and sell goods on the internet.

It’s a place where individuals and businesses can buy or sell new or second-hand items, from books and clothes to cars to almost anything.

Here's how eBay works:

1. A seller lists an item on eBay, almost anything from antiques to mobile phones, books to sporting goods.
2. The seller chooses whether to sell the item at a fixed price or accept only bids (auction-type listing).
3. In an auction-type listing, the bidding opens at a price the seller specifies and remains on eBay for a certain number of days.
4. Buyers then place bids on the item. When the listing ends, the buyer with the highest bid wins.
5. In a fixed price listing, the first buyer willing to pay the seller's price gets the item.

Suitable For -

People who are self-motivated and know how to spread the word – to friends, family members, acquaintances and strangers using online or offline mediums.

Skills Required -

Some experience of selling goods online or offline is welcome, along with a business savvy mind.

Time Required To Start Selling On eBay -

To start selling you first need an eBay account and a PayPal account.

After that, you need to enlist your product for which you’ll need upload some product pictures and write an appealing description.

Even if you are a beginner you can do all the above tasks within a day or two.

Tips - 

1. If you are completely new to eBay and your account does not have any feedback, then getting some feedback before starting to sell anything is a good practice.

People are very wary of buying anything online nowadays, so if your account has 0 feedback then no one’s is going to buy anything from you.

It’s recommended that you should get at least 10-15 feedbacks before selling anything.

The simplest way to get feedbacks is to buy 10-15 $0.99 items with free shipping.

Many sellers leave positive feedback to you straight way when you’ll make payment.

2. Start small - Most of the eBay resellers buy a bulk wholesale stock of any particular product then sell it on eBay at a retail price.

If you don’t have money to buy a wholesale stock then find out unwanted items present in your house which are in good condition and make a list of them.

3. Research - Now as you have a list of few ready to sell items you must ensure that there is a market for them.

Take 10 minutes to Google your item and uncover its true market value on eBay and another bunch of e-commerce sites.

This will help you to sell right items more competitively because you’ll have the knowledge of your item’s market and its pricing strategies.

Also, dig out relevant targeted keywords which will help people to find your items via Google search engine.

4. Craft the title - Title is the single most important factor for grabbing the attention of your potential buyer.

Make sure your title is appealing, complete and you’ve included targeted keywords.

You don’t have to be a tech wizard for this. Just ask yourself, what would a potential buyer for this item type into the search box?

5. Write item’s description - Fill out all the fields in your listing, and make sure your textual description is providing all the information that your potential buyer might look for.

Most of the lazy sellers ignore this and fail badly at selling anything on eBay.

6. Upload item’s pictures - Upload only high-quality pictures. Ensure that item’s pictures are new, clear (not blurry) and cover the product from all angles.

Also, don’t restrict yourselves to 2-3 pictures upload at least 6 pictures.

7. Timing - Most of the expert sellers use 10 day listing starting on Thursday, you should use it too, it will give you two full weekends of eyeballs. You’ll usually receive the highest traffic on weekends.”

How To Monetize -

Monetization is very simple. More people place orders with you more money you make.

Your item quality and delivery influence your user feedback which directly affects your order placement.

So make sure you are delivering items with good quality.

eBay handles all your transactions securely, so you don’t need to worry about any payment processing issues.

Once you are in a profit making stage, buy your most selling products in bulk on a wholesale price and the sell them on retail price to increase your profits.

Rinse and repeat.

Way No. 9 To Make Money Online

Way No 9 - Sell A Service On Fiverr

What is Fiverr.com?

Fiverr is a global online marketplace which offers tasks, services and products, starting at a cost of $5.

Fiverr gets almost 4.7 million visits per month.

Your aim should be to leverage Fiverr’s powerful visitor base to reach more people and sell your services or products to them.

Every service or task you offer on Fiverr is called a GIG. With Fiverr’s millions of visitor base, you don’t need much to worry about your gig’s promotion and payment handling as Fiverr handles this for you.

All you need to do is focus on delivering high-quality work to maintain your ratings, as ratings given by your customers will have a huge impact on the failure or success of your gig.

People offer a diverse variety of services on Fiverr which ranges from Graphics and Design, Digital Marketing, Music and Audio, Advertising to anything you can practically think of.

Remember you can sell your gig at any price, $5 is just the minimum starting price.

Top Fiverr gig sellers make over $50,000 a year by leveraging the platform and providing high-quality services.

Suitable For -

1. People who love to help others by making their life easier.

2. People who love the freedom to work, doing what they really like.

Skills Required -

People having in-depth skills in any particular area, using which they can help other people to complete their tasks or ease their life.

Time Required For Creating A Gig On Fiverr -

You can create a Gig on Fiverr almost within an hour. All you need to do is first sign up on Fiverr. 

While creating a gig you’ll have to insert your gig’s title, upload gig’s image, write gig description and insert relevant tags and keywords.

Tips -

1. Find your best skills - The first thing you need to do is sit down quietly and figure out the skills in which you are the strongest and stick to tasks related to them till you see some success.

For e.g. If you are a person who can design logos and websites, then you should create and sell those gigs in Fiverr that are focused on logo creation and web designing.

2. Do your initial homework - Before diving into gig creation you must do some research to ensure that the gig you are planning to offer has interested buyers.

What if you have a wonderful gig idea, but it didn't sell?

To avoid such situation you must undertake necessary research to understand what buyers in your niche are looking for.

3. Find popular gigs related to your skill set - One of the best ways of seeing success with Fiverr is to dig out the popular gigs related to your skill set, study them, then model your gig accordingly.

Most important metrics you should look while studying other gigs are its:

• Title
• Description
• Image
• Pricing Strategy
• Upsell Strategy
• Bonus Strategy

4. Craft your gig’s title - Now as you are ready with all the research data, jump into gig creation. Obviously, here title creation will be your first step.

Following are the steps you must follow to optimize your gig’s title.

-  Based on your research data model your gig title, use intriguing words into the title to ensure it catches your target customers the attention and is relevant to him/her.

For e.g. If you are offering a logo designing gig. You should consider using titles such as

I’ll design 3 MAGNIFICENT logos in 24 hours
I’ll design a PROFESSIONAL logos with free revisions
I’ll design 2 STUNNING logos BONUS Free editable file

- All the above titles are beautifully crafted because they include two important things.

First, they all have intriguing words such as MAGNIFICIENT, PROFESSIONAL, STUNNING and BONUS. These words definitely help to catch the attention of the right people.

Second, they all are appealing to the most important aspects that any person who wants to design a logo is looking at.

For e.g. The first title “3 MAGNIFICENT logos in 24 hours” will appeal to the people who are in urgent need of a logo. 

The second title “PROFESSIONAL logos with free revisions” will appeal to the kind of people who want the option of incorporating their changes into logo design. 

The third title “2 STUNNING logos BONUS Free editable file” will appeal to the people who have some knowledge of logo designing and want to customize the logo on their own.

5. Create your gig’s image - While doing initial homework you must have observed that some gigs have better images than other which makes them really stand out.

Shortlist such images and take inspiration from them while modelling your image.

Once you’re ready with the initial idea use free online image editing tools such as Pixlr or BeFunky to create your gig’s image.

6. Write gig’s description - Your gig’s description plays an important role in convincing your potential customers to place an order with you.

So you must ensure that your gig's description is precise, clear and appealing to your potential customers.

Study other top related gig’s descriptions to get some inspiration and model your description on them.

Remember, don’t ever copy other gig’s description it will get you banned.

Just use theirs to get ideas for creating your unique description.

Also, make sure you’re listing your gig into the right category to maintain its relevancy.

7. Use right tags - Tags play most important role in ranking your gig higher.

Most people don’t realise its importance and ignore them, hence it provides you with the best opportunity to overtake them if you optimize your gig properly using accurate tags.

8. Apart from all the points mentioned above, you need to make sure that your work is credible and unique on Fiverr.

There might be many logo designers out there on Fiverr, but if you are the one who understands the needs of your clients and deliver the work in the best possible way then you’ll be able to secure them as your client for a long time.

How to Monetize -

Monetization is very simple. More people place orders with you more money you make.

Your delivery work influences your user ratings which directly affects your order placement.

The simple rule of thumb is, higher the user ratings, higher your orders will be.  

Fiverr handles all your transactions securely so you don’t need to worry about any payment processing issues.

Way No. 8 To Make Money Online

Way No 8 - Sell A Video Course On Udemy

What is Udemy.com?

Udemy is an online learning marketplace.

It has a huge collection of courses in everything from programming to yoga to photography and much more. 

You can create a course in text, audio and video formats. Every course is available on demand and students can learn at their own pace, on their own time and on any device.   

Suitable For - 

People who like to teach, explain and solve problems. 

Skills Required - 

1. In-depth knowledge of any domain of your choice. 

2. Ability to express knowledge in easily understood form.

3. Ability to create and record high-quality videos.

Time Required For Creating A Video Course -

Depends on the scope of the course, number of modules included and time required for preparation.

Tips -

1. Pick a topic in which you are specialized in.

2. Study the courses relevant to your topic and see how many people are interested and have actually enrolled in the courses.

This will give you a rough understanding of the people who are interested in your topic and willing to invest in your course.

3. Study the other available courses and find out the things which you can offer that will make your course much better, different than other available courses.

4. Identify your audience level and then create the course content.

For e.g. You need to first decide whether your course is for a beginner level or an expert level audience.

Then accordingly you need to create your course content which appeals to the right audience.

5. Make sure your course title and description is optimized for appealing your target audience.

Try to answer the frequent questions that your audience asks in your course description.

6. Deliver at least 80% of your course in video format as it is the most engaging way of interaction.

Also keep the length of each video lesson between 2-10 minutes.

7. Build a rapport with the audience, and engage. You can always do a quiz ups between lectures to make it engrossing and interactive. 

How To Monetize -

1. Udemy gets a lot of daily visitors so there is a good chance that your course will get noticed and people will enroll in and you will start earning money. 

2. You can even start a small blog on your course-related topics and promote your course.

3. More people sign up for your course more money you make.

Way No. 7 To Make Money Online

Way No 7 - Sell Websites On Flippa

What is Flippa.com?

Flippa.com is an online marketplace for selling and buying websites. 

Suitable For - 

People who like to develop websites. 

Skills Required - 

In-depth knowledge of Wordpress platform and website creation. 

Time Required For Creating A Website - 

Depends on the expertise of the developer in website creation.

Tips -

1. Choose a topic you are passionate about. You need to be passionate about the subject your website focuses on.

If you launch a website about something that you don’t care about, you will lose interest very quickly and inevitably stop working on it.

2. Think about your long-term business model.

To make your website successful you should do a lot of research beforehand.

Try to find the answers to the following questions:

• Who are your direct competitors?
• How do your competitors make money?
• How will your website make money?
• How can you make your website stand out from others?
• How long will it take to monetize your website?

3. Choose a domain name that is relevant to your topic and appeal to your target audience.

A good domain name is an essential part of branding your blog. Choose .COM as your domain extension because it looks more professional.

4. Choose a reliable paid host like Hostgator, Bluehost or anyone that might suit your needs.

5. You need make your website's design and layout look very professional.

Believe it or not but first-time visitors will make a judgement about your website within first 10 seconds of loading, so you need to make sure that your website’s design appeals to them and they like it. 

How To Monetize -

1. Register your website on flippa.com. Flippa works on bidding model, the highest bidder gets the ownership of the website.

2. Set the bid price of your website 15 times greater than the current monthly income of your site.

For e.g. If your site is earning $500 per month then you can set the basic selling bid price of your site to at least $7500.

3. Start the auction and wait for bids. People will start bidding for purchasing your site.

Once you receive the bid that satisfies your target selling price, then finalize the deal with the bidder.

4. Flippa.com will manage all the payment and other technical stuff for you and you'll receive your commissions via your selected payment method.

Way No. 6 To Make Money Online

Way No 6 - Create A Membership Site

What is a Membership Site?

A membership site is a private website, with exclusive content available only to the signed up members.

It usually provides members with the ability to interact with each other. They pay a monthly fee for being a member of the website. 

Suitable For - 

People who like to interact with, guide and lead a community. 

Skills Required -

1. In-depth knowledge of any particular domain. 

2. Ability to research new things and constantly generate new and helpful content.

Time Required For Creating A Membership Site -

Depends on the domain expertise of the creator.

Do Google search for Matthew Woodward's tutorial on how to create a membership site for free.

Tips -

1. In the beginning keep the fee for joining the membership site ridiculously low.

Aim to create a minimum viable product instead of creating a perfect product. You can always improve your site in later stages.

2. If you’ve never been a part of any membership site till now, consider joining a few related to your domain. Study those sites.

3. Find what’s working well for you and other members of that site? What’s makes it worth the monthly fee and how could you replicate this?

4. Interact and engage with members. Your membership site shouldn’t be the one that only drip feeds the content, with little or no input from the owner.

You must provide insider access for your members who want to communicate with you.

Even if you’re busy, you must spend at least half an hour a day to get involved with your membership site.

You can do this by many ways, such as you can interact with the members answer their questions or even lead an interaction inside the forum.

5. Run group events and challenges to increase members’ engagement with your site.

Organize regular events, challenges, or similar.

Make it easy for members to participate. Offer prizes, display leaderboards or similar such things creates a great incentive for members to participate and get involved.

6. Periodically review what’s working and what isn’t. Try to adapt the site based on the member's’ needs.

For e.g. If you offer most of your content in text format but your members are engaging more with the video content then shift from text-based to video content.

7. Try to introduce new initiatives and see how your audience is responding to it. Such as live Q&A calls or similar.

But be careful, don’t overwhelm members with several different initiatives at once. Introduce one thing at a time. 

How To Monetize - 

Monetization is very simple. More members sign up to your website more income you generate from the monthly fees that members pay.

Way No. 5 To Make Money Online

Way No 5 - Publish A Kindle eBook

Publishing an Kindle eBook is another simple way of generating consistent passive income.

Did you know that Amazon.com is the biggest competitor to Google than any other search engine like Yahoo or Bing?

More shoppers try to search a product on Amazon than on any traditional search engine.

When people want in-depth information on a specific topic, they don’t search for blog posts on Google but instead try to find a highly recommended book on Amazon.

Your aim should be to leverage the power of Amazon.com’s growing outreach and popularity to generate a stable passive income source.

Suitable For - 

People who have in-depth knowledge on a certain topic or love to do research and explain it in an easily understood from.

Skills Required - 

1. Ability to provide detailed insights on a particular topic. 

2. Ability to provide some extraordinary tips for solving people’s problems.

Time Required For Creating An eBook -

The time required completely depends on the creator of the eBook. What topics he/she wants to cover? How many details does the creator want to include?

These are the important factors that define the time required.

Tips -

1. Research, research and research. It is the key to successful Kindle eBook product. 

Research about what people are looking for in the domain related to your eBook's topic.

For example, if you are creating an eBook on ‘Yoga exercises to lose weight' look for how many people are looking for yoga exercises to lose weight on the internet and Amazon? What are their expectations from a book? 

You can easily conduct this research by studying the comments, reviews and popularity of the existing competitor's books on Amazon.

2. Write for one reader. When you know your ideal reader, you know how much he/she already knows.

You can avoid boring him/her with obvious information, and you can provide exactly the information he/she’s looking for. 

3. Check out how many people are asking questions on the topic you have chosen, using websites such as Quora, Yahoo Answers, and WikiAnswers.

More questions mean more people are looking for answers and that’s a good sign.  

5. Look out for the market gaps in your selected domain. And see whether there’s demand for some topic, see whether your eBook can cater that demand. 

6. Visit Amazon.com and see how many books are present in your selected domain. Are people buying those books?

This will help you to understand the demand and purchasing ability of the market in your domain.

7. Find a few friendly readers who match your ideal reader profile and give them your first draft.

Not only will they help make your book better, it will also boost your confidence.  

How To Monetize -

Sign up to Kindle Direct Publishing Program, with this you award exclusive distribution rights for your Kindle eBook to Amazon.

This will allow you to sell your eBook in all the countries where Amazon.com is available giving it a massive exposure at launch.

Create a small niche site on the related topic and promote your eBook through it. The more eBooks you sell the more money you make.

Way No. 4 To Make Money Online

Way No 4 - Create Niche Websites 

What is Niche Website?

Niche Website is a small website focused on one particular topic which shares all the information relevant to the topic that is both useful and interesting for the target audience.

A niche website can be of few pages or even of hundreds of pages depending upon the size of the niche.

Suitable For - 

1. People who have an interest in a very specific topic within a large domain. 

For e.g. In large a domain like Yoga, you can choose specific sub-domain such as ‘Yoga to lose weight.’ 

2. People who love to talk, write, explain and have the ability to persuade.  

Skills Required - 

1. Ability to create Niche website based on specific sub-domain using Wordpress, Blogger or other available software and tools. 

2. Ability to promote niche website using social media, ads etc. 

Time Required For Starting A Niche Website -

You can start a Niche Website within a day. But creating a good content for the website might take time.

Tips -

1. Write out as many niche site ideas as you can, using the sub-domain that interests you the most.

2. Narrow down your niche idea based on finding the answers to the following questions:

• What is the audience size of your niche?
• Is your audience known for spending money for purchasing the niche related products?
• Are there multiple products available which you review on your site?
• Are there affiliate programs that provide more than 50% commissions?
• What is your investment budget?

3. Create at least 10 articles of rich content containing 1000 words, those articles will provide great value to your niche targeted audience.

4. Sign up for at least 2 affiliate programs that offer products related to your niche with more than 50% commissions.

5. Do keyword research and find at least 15-20 niche relevant search terms and try to rank your site for them.

6. Try to network with the owners of the authority blogs in your niche and find guest blogging opportunities.

How To Monetize - 

Promote the products relevant to the topic of your niche website by placing affiliate links in the content and sidebar of your site.

Try to get more visitors to your site by doing SEO, forum marketing, social media and paid ads.

More people visit your niche site and buy products through your affiliate link, more money you make.

How about creating 10 more Niche Websites with every site generating $500 a month in affiliate commission that would be $5000 of passive income per month.