Making money online is a dream for many people.
Fortunately, there are a variety of ways to make this dream a reality.
In this blog post, we will compare 4 popular methods.
We will help you decide which method is best for you as a beginner.
Now don't get me wrong here, making money online is not as easy as most gurus make it out to be.
But with a little hard work and determination, you can definitely find success.
Quickest Way to Make Money Online as a Beginner
This is my favorite method and is part of an exploding industry, ever since the COVID-19 pandemic.
People are looking for better alternatives to their 9-5 jobs and this is where affiliate marketing comes in.
Affiliate marketing is the process of earning a commission by promoting other people's (or company's) products or services.
You don't need any product, team members, or inventory. You are leveraging other people's products and services.
This method offers great potential for beginners because you do not need any prior experience or special skills.
You can get started in your spare time and work how much you want to work.
You are the boss!
Yup...set the times you work, where you work, and start enjoying the life you deserve.
This is how I got started making money online and how many other successful people did as well.
The best part about this industry is that it has low start-up costs.
You can get started for free and upgrade to a paid membership later on if you decide this is the path for you.
Runner Up to Making Money Online as a Beginner
Creating an Online Course
This is where affiliate marketing typically leads too.
Once you learn all the marketing skills and tactics in affiliate marketing, you can apply those to your own courses.
Creating an online course is a great way to share your knowledge and expertise with the world. It can also be a very lucrative business venture.
But, like affiliate marketing, it takes time and effort to create a successful course.
You need to have valuable content that people will want to learn and you must be able to market your course effectively.
One way to market your course is through social media platforms such as Facebook, Twitter, and Instagram.
Another way is by creating a website or landing page for your course. You can also create videos about your course and post them on YouTube.
The best part about creating an online course is that you can do it from the comfort of your own home.
You don't have to worry about getting dressed up or commuting anywhere!
Get started today by creating free courses on Udemy or Teachable!
Other Methods of Making Money Online as a Beginner
Now let's compare affiliate marketing with some other popular methods of making money online:
Dropshipping
Dropshipping is the process of selling physical products online.
You are the middleman between a manufacturer and the customer.
This means you don't have to worry about manufacturing, holding inventory, or shipping products.
The downside is that this requires more work than affiliate marketing. You will need to deal with customers and refunds if necessary as well as make sure you get paid on time by the manufacturer.
You will also need to market your store and products well in order to be successful.
Network Marketing
In network marketing, you sell products or services to customers and recruit others to do the same thing. It's not the most popular form of making money online but it has been around for decades and some people are very successful in this business.
The downside is that it can be hard to recruit the right people into your team if you are new and don't know how to recruit others into your business. It can also take a lot of time and effort to build up a team of successful distributors.
You also need to sell products, which means more time and effort on your part.
Plus you have recruitment fees as well as monthly orders to fulfill in order to be eligible for commissions.
Which Method is Best for You?
Now that you know a little more about each method, it's time to decide which one is best for you.
Dropshipping and network marketing are great options if you are looking for an online business with low start-up costs.
But they can be difficult if you are new to online business.
Affiliate marketing is a great option for beginners because it is easy to get started and you don't need any products or inventory.
You also don't need any team members or special skills.
All you need to do is learn how to market your affiliate products effectively.
So which method are you going to choose?