How to Make Lots of Money Online – Fast
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.
7 thoughts on “How to Make Lots of Money Online – Fast”
Hey Marc, you and I can have our own Challenge! You up for it???
@ Mel Ed (Dale) is Australian yes and he’s the most down to earth and honest Internet Marketer I have ever seen.
The other public figure is Dan Raine and he’s a Brit. From Manchester to be exact and another down to earth and honest guy. There is a 3rd, Rob (GuruBob) Somerville. I believe he’s a Yank and yes he too is just as nice as the other two 🙂
This will be my 3rd year in the challenge. I haven’t made money directly but as it turns out after last year’s challenge I have found a way to make money from it 🙂
@ Barbara. Oh for the good old days! I should have said that I wanted to hear from someone doing it now! A few years ago it was possible, and I certainly won’t argue that. However as you said, times have changed – but the sales of affiliate marketing programs and promises of easy riches continue as if they haven’t.
I hear you on the hype, or lack thereof. Sigh.
@ Alex. You’re welcome! I love forums, so feel free to send any links my way and I’ll do the same for you my friend. 🙂
@ Tracy. Sorry hon, didn’t mean to disappoint you. 😉 We’d love to see more of you around here, as long as you don’t bring and canned food with you… LOL!
(for those who don’t know, Tracy has posted a couple of taste tests on her blog – whole chicken in a can, pigs brains in milk, totally gross stuff like that. I blame my vegetenarianism on her! Check out her blog, you’ll love it – well, you’ll either love it or throw up)
@ Marc. You know one (both?) of the guys behind 30DC is an Aussie? We’re good, huh! I didn’t realise it was coming up soon, will definately be joining in this year.
Very well put Mel.
Too many people are looking for the quick and easy, even if it costs them their souls.
Anyone looking to get into ethical and moral Internet Marketing? The Thirty Day Challenge is just around the corner
Marc – WelshScribe’s last blog post..How To Effectively Manage Your Time
So no shortcuts? Sigh. I do a tiny bit of affiliate marketing with Amazon for my site. It’s not enough to be considered a real income by any stretch, it just pays the server bills.
You’ll probably see a lot more of me around here, I’ve got an idea that I might follow through on.
Tracy’s last blog post..Where do all the millions of dead birds go?
Thanks for the Virtual Coach link – I’ve been looking for forums to join!
Alex Fayle | Someday Syndrome’s last blog post..Creativity & Paying the Bills: Dave Rhodes Interview
I followed the Million Dollar Pixel saga quite closely. Brilliant idea – the guy also had hired a PR individual to get the word out too. That, more than anything, really helped with the tipping point; it took him several months.
has more information.
My million dollar idea? Show how easy it is to define the process for being profitable online and actually sell that WITHOUT resorting to hype. My dream is to sell without having to hype. My nirvana involves people who see the benefits WITHOUT having to resort to hype.
Did I mention, sell without hype?
Alas, the past 10 years has shown me…without hype, things almost always die an agonizing painful death. Sigh.
Anywhos, regarding your question about making money with affiliate products….I cleared 250K in 2004 and 2005 via affiliate marketing and fed/housed/clothed my kids via this money. I did this because I broke the Google code and was able to rank in the top 10 for any keyword (I’m talking ANY) I so desired. Thus, I build a script that would automatically build a site based upon keywords and churned out 100s of portal sites that ranked high back then.
Each page had links to Amazon and eBay affiliate products…and those certainly did boost up my income big time.
Ranking high now like that requires other SEO qualities (like inbound links, authority, etc.) so those days are long gone, sigh. Ever since then, I’ve written products/built sites and am now currently running a forum.
Barbara Ling, Virtual Coach’s last blog post..It?s a long way down
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