Most people need to take a step back and understand where money is even coming from on the web. Sharpe says that, when asked, most individuals don't actually even know how money is being made on a high level. How does Facebook generate its revenues? How about Google? How do high-trafficked blogs become so popular and how do they generate money from all of that traffic? Is there one way or many?
“That blog has a number of income streams. I initially monetized it with AdSense and Amazon affiliate promotions, but after a couple of years added other income streams including using other ad networks, selling ads directly to advertisers, affiliate promotions of other people’s photography eBooks, courses, and software and then creating my own eBooks to sell.
The most underrated thing and the BEST part to me is; that hard earned traffic is given to you for FREE, people already know about Amazon, but people don't know about your website/blog/etc. There's easier ways to get more exposure with your product. You can rank your product on page 1 pretty easy and doing so will make your product viewed by hundreds of thousands of purchase ready customers. I started with little experience and I'm pulling it off, I'm sure you can do this too. If your interested I can show you how to start an Amazon business, and what I personally do to grow it. https://youtu.be/YVmbeyGObAk
#3. Almost zero expense to start. You can open your account with Robinhood, for example, and trade stocks for free. Almost zero expense to open an account and zero expense to trade stocks. Of course, you will need some capital to fund your account. I know. You can start with a small capital just to test the waters. Compare that to blogging, affiliate marketing and drop shipping which may require some up-front expense to start, in addition to your capital.
Great post on a subject that is so right on the money about the fallacies of starting an online business and nailing the how to steps it really takes. Well done, as always. I’m someone who absolutely falls into the category of knowing a lot of the tidbits of information out there on how to do put together an online business but has stuggled with the roadmap of proper steps to put it all together and make it work for me.
Do these three things, and you'll get closer than ever before. If you ignore these three things, the pathway forward will be far more painful and far more arduous. Now, that doesn't mean that these three things will be easy. They're not. They require work. But, everyone can do them as long as you stick to it and you don't give up. That's what it's all about.
"One of the reasons I've done well is because I'm quite driven," he said. "I've produced guides that haven't sold and at that point some people might have given up, but I've just carried on and tried to grow the business. Over the last few years I have been investing in search engine optimisation. It can be done but you've got to work hard." Mr McMunn now offers DVD sets for £297 and oneday seminars on launching an online publishing business for £97.
Great list! Another suggestion would be transcribing. Transcribing really requires very little skill or capital to get started. You can sign up with companies like Elance and Odesk to find jobs OR reach straight out to producers of audio content to see if they need help. With the huge trend in podcasting a great place to start would be by perusing iTunes for podcast shows that may need help turning their audio podcast episodes into text for their website or “show notes.”
My next self-funded business hit $160,000 in revenue in its first year alone. After that first taste of self-made success, I’ve gone on to sign consulting contracts worth tens of thousands of dollars with startups like LinkedIn and Google, launch profitable online courses, and build a following of hundreds of thousands for this blog and my podcast series.