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| How To Make Money Online The Ultimate Guide |
is not just pieces of green paper with faces of important dead people instead start thinking of money as a medium of exchanging value every single time that you spend your money you're spending it because you see value in what it is that you're spending money on even if you're giving money to a charity yes you're doing that out of the kindness of your heart however you're only giving money to that charity because you see value in the causes that the charity supports when you spend money on groceries you're not buying those groceries because you need them to survive because if you wanted to you could just go and grow your own food raise your own.
lifestyle milk your own cows no you're buying groceries because you see value in those groceries and the value comes in the form of convenience it's far more convenient for you to simply spend money on prepackaged food than it is to become a farmer and live off the land and so you go to the grocery store and in exchange for that store providing you with value in the form of convenience you give it money so that all makes sense right but here's where things start to get even more important we've established that money is a medium of exchanging value
it's also critical that you understand that value is subjective in other words what you think is valuable may not be valuable to somebody else you might be willing to spend money on a gym membership because you see value in fitness but somebody else may not care about fitness therefore they don't see value in spending money on a gym membership or take diamonds for example diamonds are not valuable because they're rare in fact compared to other gemstones diamonds are the most common stone in existence the tanzanite gemstone which can only be found in one small mining location in Tanzania is actually technically the rarest gemstone on earth and yet it still sells for half the price compared to a diamond why is this well it's because diamonds have perceived value large corporations and clever marketers have convinced the public that diamonds are rare and therefore expensive even though they're actually the least rare gemstone and therefore should be the least expensive and so money is a medium of exchanging value and value is subjective and based on perception and so the
the easiest way for you to start making money online is to provide perceived value so here's how this Blog is going to be broken down there are going to be three levels in total and each level will compound on the previous level and the higher up you go the more money you can make online we'll start at level one services then move up to level two which is products and then we'll end at level three which is attention and this is the level where things all start to make sense everything that we talked about in the previous two levels will all fall into place and so we'll start first with services, okay so I moved to a much quieter spot let's talk about this now so
making money online selling services
is very easy to get started with pretty much anybody can do it and you can easily make enough money to quit your 9 to 5 job in fact that's now when I say selling services I'm basically just referring to you rendering services to somebody else who's willing to pay you money for it the service could be you developing
really anything that requires you to have a particular set of skills but what I do have is a very particular set of skills now you're probably thinking yeah but joshua I don't have any skills and so that actually brings us to the first step of
Making money online selling services
which is to learn a new skill now obviously it would be a good idea to learn something that you would actually enjoy doing for example if you despise writing then you may not want to spend time learning to be a better copywriter because if this is something that you'll be doing a lot of you obviously want to get some joy out of doing it but in addition to learning a new skill around something that interests you you should also be very strategic and learn a new skill around something that will always be useful to you for.
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| How To Make Money Online The Ultimate Guide |
learned how todevelop websites
yes I did enjoy doing them but i also knew that my ability to create my own custom websites was always going to be useful for me and lastly be sure that that skill has a lot of perceived value remember earlier
when we talked about how diamonds have perceived value and that's why they're so expensive well skills are the same exact way there are certain skills such as coding web design copywriting marketing.
these skills have a lot of perceived value in the marketplace it's why many freelancers who learn these skills can easily earn six figures per year no questions asked because the market believes that these skills are valuable therefore people who have these skills deserve to be paid more and so they are comparing that to something like( data entry) or9 logo designing) which doesn't pay a lot of money because those skills don't have a lot of perceived value okay so if you don't even know where to start looking to figure out what skill you want to learn in the first place I'd recommend going to
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| How To Make Money Online The Ultimate Guide |
Upwork
hovering on find work and then clicking on ways to earn and then if you scroll down here and click on browse more and then click on see more you'll find a massive list of different services but keep in mind some of the more popular services that likely will have more perceived value are going to be these top six right here.
but this will give you an excellent idea of the types of services that people are looking for that you can then go and learn how to do and then once you've found a service that you like simply start doing as much research about it as you possibly can use
google or youtube to find free tutorials and guides on learning that new skill and just spend time putting in the work this is exactly what learned how to build websites it took about two weeks of just grinding all day every day practicing learning and doing what I could to learn the basics and the basics were enough to get me
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| How To Make Money Online The Ultimate Guide |
Started making money
And then once you've learned the skill it's now time to start finding people and companies who are willing to pay you for your services and believe it or not this is actually the easiest part of the process because nowadays you've got sites like( upwork )and( fiverr) that businesses use to hire people who have a very particular set of skills and the website that i use personally to start making money online was upwork after i learned all the basics of building websites found some good pre-built templates that i could use to help me build websites for potential clients i just began submitting as many job proposals as i possibly could because here's a secret that nobody else will tell you finding businesses and people who are willing to pay you money for your services is actually just a numbers game let's just say for example that you learn the skill of (copywriting) and let's say that there are 1000 new copywriting jobs posted on upwork every single day over the course of the next 10 days you submit one job proposal per day for a total of 10 submitted proposals to 10 different job listings out of those 10 one of the clients liked your proposal and gave you the job and so now we can roughly assume that it'll take about 10 submitted proposals before you can get one job and so with that imagine now that instead of you only submitting one proposal per day that you submitted 10 proposals per day and so now over the course of those same 10 days instead of only having submitted a total of 10 proposals you'll have submitted 100 and if we take that same ratio of getting one job per 10 jobs submitted this means 100 submitted proposals will get you roughly 10 jobs or one job per day and this is literally exactly what i did when i was developing websites on upwork and because of this i had a constant pipeline of jobs coming in to the point where i had to eventually just start turning down dozens of jobs per week because i just couldn't keep up with it and this actually brings us to a very important point and the reason selling services online is only a level one
It's because selling services is not scalable the amount of
money that you make will be completely contingent on how much time you're
willing to work it's just like your 9 to 5 job you get paid based on your
efforts on the time that you put in and while this is certainly fine, especially
at the beginning
there will be work if
you really want to start scaling your income higher and higher then you'll want
to take a step up into level 2 of making money online which is selling products
the way I see it there are three different ways that you can sell_products
online
we'll talk about all three in this blog but there are really only two that I believe you should focus most on if you want to scale and essentially make an infinite amount of money and that's
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| How To Make Money Online The Ultimate Guide |
Digital products
And affiliate products the problem with physical products is that they're actually very similar to selling services selling a service can be lucrative but it's very difficult to scale because the amount of money that you make is limited to the amount of time that you have which for all of us is just 24 hours with most of those hours not even being spent working and selling physical products is very similar you see with physical products you have to make the product and this costs time and money and then every time that product sells you have to reproduce it again which means you're spending more time and more money and of course, you have to distribute the product and this typically means paying for shipping which once again can be both times consuming and expensive
I would personally prefer to sell something that's a lot more passive I would also love to not have to spend all of my time making the product over and over again every single time it sells because again I want it to be passive and so this is where the other two products come in digital products and affiliate products and we'll start off talking about digital products now when I say digital products I'm specifically referring to things like ebooks
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| How To Make Money Online The Ultimate Guide |
Premium guides online courses membership websites right and the list goes on now the thing that I like about educational products is that even if you don't think that you could teach somebody something else you know you can and it's really as simple as using websites like skillshare or even youtube to learn a new skill and then take in your newfound knowledge and teaching it to somebody else.
other people will perceive it to be valuable and therefore they'll be willing to pay for it and so you should really consider diving into this world of educational products because it's a really great way to make money online the following subcategory of selling digital products is digital assets.
Art or anything like that you know sometimes the hardest part of making money online is getting your product or service in front of other people and one of the easiest ways to do this is by using existing websites with existing audiences in other words you're not having to spend your time and money trying to build your own audience you can just use an existing website's audience this is a strategy that has not only been proven to work but one that can easily earn you six figures per year if you're actually selling quality assets
and the final way of making money selling digital products is with
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| How To Make Money Online The Ultimate Guide |
Affiliate marketing
And this one can actually be combined with the other previous two affiliate marketing is the process by which an affiliate aka you earns a commission for marketing another person or company's product for example i have a website called elementormarket.com and on this website you can buy pre-built website templates for a wordpress page builder plugin called elementor however at the top of the website there's a link that says get elementor pro and when anybody clicks on that link and proceeds to buy the pro version of this plugin i receive a commission and so not only am i making money by selling digital assets with my website templates but i'm also making money through affiliate marketing and this is literally just one tiny example of how you can use affiliate marketing to make money online there are entire affiliate networks that you can join that have thousands of different companies in them that you can become affiliates for the biggest trick though and how you can really start making a lot of money with affiliate marketing is by creating relevant products that provide a lot of value and including affiliate links inside of those products so my website elementor market is just one example but another example of how you could do this is by creating free ebooks and including affiliate links inside of those books and because you're providing a lot of value for free more people will buy the book click on your links and earn you affiliate income you could create a blog and include affiliate links inside of your articles this is what i do personally with my blog the investor post you could create a youtube channel and add affiliate links inside of your video descriptions again i do this as well but essentially anytime you're selling a digital product or you're giving away information there's going to be a way that you can include affiliate marketing inside of that and now finally the last level of making money online level three gaining
every single person that you read watches or listen to online today whether it's on youtube and website TikTok Instagram twitter a podcast every single person that you watch that has an audience started from zero they had to work their way up slowly building an audience and gaining people's attention in order for them to get to where they are today but once they arrive once they have hundreds of thousands or even millions of followers online what do they do with all of that attention well it depends on their goals Casey neistat used his attention and influence to start 368 a creative space for youtube website.
they were able to grow their audience and gain the attention they continued providing value in new ways you see making more money online becomes exponentially easier once you learn how to gain attention.