There's a lot to learn when it comes to the internet marketing field in general, and the digital ether of the web is a crowded space filled with one know-it-all after another that wants to sell you the dream. However, what many people fail to do at the start, and something that Sharpe learned along the way, is to actually understand what's going on out there in the digital world and how businesses and e-commerce works in general, before diving in headfirst.
Mechanical Turk: Amazon's Mechanical Turk is a resource for doing human-intelligence tasks, or as the site commonly refers to them, HITs. You get paid a very small fee for any given HIT and you'll need a good deal of volume to make a substantial amount of money. But it is a resource you can use in your spare time to generate a small income online.
If you want a bedtime story, get a subscription to a short story magazine (“Asimov” and “Analog” for Science fiction, “Ellery Queen Mystery Magazine” and “Alfred Hitchcock Mystery Magazine” for nice murder mysteries/thrillers, “Cemetery Stories” for horror), and read short stories for when you want to relax your brain with some fiction. That way you enjoy beautiful stories with 1/10 of the time commitment.
By building enormous amounts of value, Facebook and Google both became tremendously successful. They didn't focus on revenues at the outset. They focused on value. And every single blog and business must do the same. While this might run contrary to someone who's short on cash and hoping that internet marketing is going to bring them a windfall overnight, it doesn't quite work that way.
Shoutmeloud, is another famous site by Harsh Agarwal which has ample of following in digital world. As per his monthly blogging income report, He earns around $40,000 per month from it and what’s more interesting is that with the blogging money, he bought his own car and flat and just to let you know that when he started blogging he wasn’t’ earning at all, and after months he was just making around $400 per month.
Then there are those who are just lucky. Back in college, I had a friend who convinced me to get into investing in the stock market. They had put $1,800 into a penny stock and from one day to the next, it increased in value (luckily) from $1,800 to $25,000. When I heard about that, I could not believe my ears. I decided to take $4,800 of my tuition money and invested into stock. I remember the value of my stock fluctuating between $4,200 and $5,400 a few times.
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.”
Sharpe, who's presently running a company called Legendary Marketer, teaching you how to duplicate his results, is a prime example. By understanding how Sharpe has constructed his value chain, positioned his offerings and built out his multi-modality sales funnels, you'll better get a larger grasp on things. As confusing as it sounds at the outset, all you need to do is start buying up products in your niche so that you can replicate their success.
Neil Patel is the co-founder of Crazy Egg and Hello Bar. He helps companies like Amazon, NBC, GM, HP and Viacom grow their revenue. The Wall Street Journal calls him a top influencer on the web, Forbes says he is one of the top 10 online marketers, and Entrepreneur Magazine says he created one of the 100 most brilliant companies in the world. He was recognized as a top 100 entrepreneur under the age of 30 by President Obama and one of the top 100 entrepreneurs under the age of 35 by the United Nations. Neil has also been awarded Congressional Recognition from the United States House of Representatives.
Find a profitable niche: We’ve talked about this a lot. But, where are you most comfortable. What niche do your skills, values, and interests intersect? Do you have 10 years of experience as a technical writer? Do you have long-standing PR relationships that’ll be invaluable in helping startups launch a successful crowdfunding campaign? Determine what makes your value unique, and lean heavily on showcasing that strength to your potential clients.
#4. You are in full control of your online business and your life. When you trade stocks online, it gives you a greater degree of freedom and control. You call the shots. You work when and where you want to. You can basically do whatever you want. Even if your account is closed down by a broker, which is rare, you can quickly open another account and trade again. Compare that to data entry, customer service, online tutoring, online surveys and even freelance writing in which you will clearly face some restrictions on where and when you must work. In addition, you can lose that data entry or customer service job in seconds!
So, making money on the internet isn't just a pipe dream. You can do it. But, there is a path forward. It's not the one of least resistance. But, it does offer a gateway to online wealth. Yes, it's achievable. But, it won't be easy. After over a decade of marketing on the internet, looking back, I can tell you that there are three particular things you need to be doing if you seriously want to make money on the internet.
Scam danger: Although the online earning business is rapidly growing and earning more trust in people’s eyes, there are still some, who are experienced in Internet fraud. Fortunately, there are a few ways you can ensure safety and recognize fake offers whenever you see them. Another issue is connected to privacy and tracking. As your payments are happening online, hackers may try to dry out your bank account so you have nothing left. However, you can easily prevent this by using a safe legitimate platform such as PayPal.
Since freelancing isn’t associated with a handful freelancing sites, it means you can be a freelancer without creating your profiles on those freelancing platforms. The purpose of those sites are to manage a profile as a portfolio, and if you choose the other way around, you could do it your way. However if you are going to start freelancing as your carrier then 15 Common Freelancing Mistakes Which are a ‘NO’ go for any Freelancer should be a must read for you.
You're already sharing your favorite products and services on social media, why not get paid for it?! Here’s how Share Magnet works. Companies create “magnets” for their goods and services on Share Magnet. Individuals create an account and browse the available magnets and share which ones that interest them. Each magnet has a certain monetary value assigned to it, ranging from .02 cents to $2.00 per share. Once you find something you like, you share it on one of the various social media channels, like Facebook, Twitter or LinkedIn. So what kind of businesses are advertising on Share Magnet? I found sites like Sitter City, Hudson Jeans, Zulily, and Working Mother Magazine. While you’re not going to get rich sharing magnets, it is a fun way to earn some extra pocket cash from home, and it’s free to join!
While employed at architecture firm in 2007, Pat Flynn noticed that no one in his department was taking advantage of Leadership in Energy and Environmental Design (LEED). The reason? The exam was extremely difficult to pass. Pat realized this opportunity and created a blog to help people study for the exam. Pat has since championed “passive income,” with 12 websites and an accumulated 100,000 email subscribers.
Upwork: This website offers a great marketplace for selling just about any professional service. You don't need a merchant account, website of your own or anything else for that matter. All you need to do is be able to provide a high-quality service at a reasonable price. But be informed, you will have to compete with many others that are constantly bidding on open jobs.
While many people attempt to understand and wrap their minds around the internet marketing industry as a whole, there are others out there that have truly mastered the field. Now, if you're asking yourself what the term internet marketing actually means, it simply boils down to a number of marketing activities that can be done online. This includes things like affiliate marketing, email marketing, social media marketing, blogging, paid marketing, search engine optimization and so on.
You spoke to me, Jon. I’ve had my blog for seven months, and I’ve been trying to make it a business for about five. I’ve spent countless hours of time and very little money to build up a very strong audience both on the site and Facebook. I was a “digital marketer” before, but there are so many things I’ve had to become an expert in that I wasn’t before. I feel like I’m a completely different marketer now than when I started. And it hasn’t been very long.
There are numerous printing companies that will print your designs onto not just T-shirts, but also hoodies, hats, posters, cushions, bags, and phone cases, to name a few items. These businesses also offer fulfillment services. This means that you promote the merchandise on your own site and once you sell a product the printing company will not only print your design but also send the item directly to the buyer. So all you have to do is concentrate on the marketing and selling of your products, and the fulfillment company will take care of the rest.
By now, you've likely seen all the "gurus" in your Facebook feed. Some of them are more popular than others. What you'll notice is that the ads you see that have the highest views and engagement are normally the most successful. Use a site like Similar Web to study those ads and see what they're doing. Join their lists and embed yourself in their funnels. That's an important part of the process so that you can replicate and reverse engineer what the most successful marketers are doing.
I’m working on my software company, I’m charging 3x as much as my competition because I go directly to the businesses, I’m willing to have 1000 awkward conversations and get laughed out of offices, I’m willing to inject myself and my nuts into the business, I’m willing to take 3am phone calls from customers (until I can subcontract that out) and build up a solid long term income generating machine. It will be a real muse requiring only 4 hours a week upkeep. But you have to pay the price now. Most the successful Internet Marketers say about 3 years of solid effort, but I believe you can buy some time back if you’re willing to do the things no one else is. I’m expecting 1 solid year and 1000 awkward conversations till I can take my mini retirement. Are you willing to visit manufacturing companies or wholesalers in person to convince them you’re good for it? Are you willing to then beat them down on price? Are you willing to bargain with shipping companies? Are you willing to go to 20 to get the terms you want and force them to outbid each other and have everyone involved think you’re a cunt? Tim Ferriss would.
If you are a confident web developer then designing your own themes is an obvious path to follow if you are looking to make money online. ThemeForest sells a wide assortment of developers themes, including themes for WordPress, Shopify, Weebly, and Tumblr, to name a few. Once you have created your theme, get it accepted onto the ThemeForest marketplace and make money each time it sells.
If you seriously want to make money online, you need passive income. You need your income to come automatically so that you can use the precious little time you have to produce more streams of income that will pay you on autopilot. That’s the holy grail of income-producing activities. Now, it’s not easy to do, so I’m not going to sit here and try to insult your intellgience. It takes an enormous amount of effort and very little financial gains at the outset.
However, if you're like the hundreds of millions of other individuals that are looking to become the next David Sharpe, there are some steps that you need to take. In my call with this renowned online marketer, I dove deep the a conversation that was submerged in the field of internet marketing, and worked to really understand what it takes to be top earner. We're not just talking about making a few hundred or thousand dollars to squeak by here; we're talking about building an automated cash machine. It's not easy by any means.
On a related note, during my research I came across this great post over at Budget Blonde called The Truth About Side Hustling, which I thought was fantastic. I especially loved point #4 – you’re the only one who can force yourself to get started. For a long time, I thought there just weren’t any side hustles I could succeed at, and this past month I’ve realized that is definitely not true. Even more, researching this list led me to a new one scheme that I’m cooking up right now – so hopefully I’ll have some updates on that in a few weeks too.