I’ve been thinking about this topic for a few days now, ever since this conversation over at Virtual Coach Forums.
Is it possible to make a lot of money online, fast? I think the answer is ‘Yes, it’s possible’. Possible – not necessarily probable. Can I do it? Possibly. Can you do it? Possibly. Can we do it ethically, morally and sleep at night? Ummm, maybe, maybe not.
So how difficult is it to make lots of money online? I’d say it’s not hard at all, in fact it’s quite simple.
So here’s the secret to making lots of money online quickly:-
Have a valuable and marketable skill or idea that translates on to the online world and sell it online.
Now, isn’t that simple? You got that? Ok, we’re done then, finished. You now know how to make money fast online. Thanks for coming, see you next time.
Oh, you want more details? You want the ‘how’? Well, ok then…
It depends a bit on what your particular skill or idea is are that you’re going to sell. But the basics are very simple. Put up a website that tells people what you do and how it’s going to change their life forever. Build huge value into the sales offer. Drive traffic to the site. Build up a good reputation so people want to work with you and recommend you. Make it easy for people to buy from you. Sit back and wait for the millions to flow in.
“But” I hear you cry, “that all takes time!” Uh, yes, yes it does. A good reputation for giving value for money is not built overnight. And without that reputation your products are of no value to the purchaser. Would you lay down a large wad of your hard earned cash for an unknown product of an unknown brand from an unknown person in a shop that appeared overnight? I think not. I know I wouldn’t. It takes time to build a solid business that is sustainable and profitable over the long term.
Or you could try affiliate marketing. I will say straight up that I have never tried serious affiliate marketing although I have done some reading into it. I do sell some items via affiliate marketing and will talk about that in a moment.
There are huge businesses out there based on getting people to sell other peoples products via affiliate marketing. For those who aren’t familiar, affiliate marketing is selling someone elses product and being paid a commission for it. Up to 50% of the purchase price can be made. Big ticket items + lots of sales = big affiliate cheques.
There’s still the small problem of driving enough targeted and interested traffic to the website and encouraging them to buy. From what I have seen of affiliate marketing, the people making all the money are the guys selling the “How to make millions in affiliate marketing” books. If someone here has made a respectable amount of money from selling affiliate products on a consistent basis (respectable meaning you paid your mortgage, your car and fed your family, for a year from your affiliate income alone) then I’d love to hear from you.
As I mentioned a moment ago, I do sell products with affiliate links. I’m not expecting to get rich from them though, and they would never be the only products on my site. I will only sell products that I have personally bought, tried and liked. If I have not personally used that product myself, I cannot ethically recommend it to others. That’s my feeling on affiliate marketing, I’m sure others’ have different opinions and that’s fine.
Back to making lots of money online quickly. I know it happens occasionally. Ever seen the Million Dollar Homepage? He did it, made $1,000,000 selling pixels for $1 each. I’m not sure how long it took him. Months at least, but hey, that’s still a million dollars. So, what’s your million dollar idea?
All the big names in Internet Marketing have years of experience behind them building a brand, building a following and honing their skills. They have put in years of hard work before becoming a success and making huge amounts of well-deserved income on the internet.
There is no shortcut, the secret to making heaps of money quickly online, in an ethical and moral fashion, is to do the hard work over time and earn the rewards that way.
If you need to make money fast, online is probably not the way to do it. If you need to pay your rent this week and buy food for your kids, go get a job packing supermarket shelves or cleaning. You’ll get income faster. Unless of course, you’re happy to scam people and rip them off – I’m sure there are lots of ways to make money on the internet that way. You won’t find instructions for that on this site. I like to sleep at night and know that what I am doing is the best thing possible for my clients as well as my business.
Melinda is the founder of SuperWAHM.com and started this site to share her best work from home ideas to help other Work At Home Mums become more financially independent and able to spend time with their families.