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Opinions expressed by Forbes Contributors are their own. Technology’s ever-pervading permeation into every last fiber and morsel of society has caused a dramatic upheaval in the way we live, work and entertain ourselves. Thanks to the disruptive nature of the internet, the rate of change has only increased exponentially in recent years. It’s not easy making money online today. People have been falling for networking marketing, pyramid schemes, and affiliate marketing scams since before the start of the net. So, where are we supposed to turn to make money the legitimate way online? It’s not easy by any means.
Anyone that tells you otherwise isn’t being transparent with you. However, there are some basic methods for making a respectable amount of cash in the short term. Before I talk about some of the methods for making money online, I wanted to address the role of pain versus pleasure. However, this is also what holds us back from succeeding in any endeavor.
Now, making money online should seem like a pleasurable activity. In the beginning, like anything else, we might get really excited about it. But that all comes crashing down when we begin to fail. In order to make serious amounts of money online, you need to the most amount of work for the least initial return, not the least amount of work for the greatest return. All they need to do is send a few emails out, and voila, instant millions overnight. Well, clearly it doesn’t quite work like that. The issue at heart is that we will always do more to avoid pain than to gain pleasure in the short term, not in the long term.
That’s why it’s so hard to quit bad habits or do anything else that requires any semblance of struggle. The human mind is hardwired to avoid pain in the short term, not in the long term. It’s part of our survival instinct. However, you can easily overcome this in the long term as long as you set your expectations the right way. What Are The Best Ways To Make Money Online? I know a thing or two about what it takes to succeed in this arena.
However, just like you, I started at ground zero with little knowledge, but a great deal of passion. Today, if you’re at all serious about succeeding in any endeavor, whether online or offline, you have to deliver enormous amounts of value. Yes, you have to do the most amount of work for the least initial return. Every successful business and person has delivered a tremendous amount of value at the outset. They did the most amount of work, and they inspected every detail meticulously, to ensure that they were doing right by their customers. Figure out what you’re good at or what you want to be good at. You don’t need to be an expert right now, but you do need to decide where you’re going to fit in if you’re at all serious about making serious cash in the long term.
Your blog is your virtual home. Without it, you’ve no place to filter all that traffic and people interested in what you have to say. But don’t build a blog on a subdomain like yoursite. Adding value over time creates authority, and authority breeds trust, which in turn helps to grow your audience and readership. Without a significant following, you’ll find it hard to gain any traction online. One of the best ways to make money online is by marketing to an actively-interested group of email subscribers.
While most people think that email marketing is dead, that’s far from the truth. This is your greatest potential source of income online. Think of it as your money tree. At the outset, you’ll want to do all sorts of things to make money online, but don’t sacrifice your morals for a quick buck. Not only will you put people off, but you’ll lose Google’s trust.
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You also shouldn’t concern yourself with things like Adsense or other ads on a blog before you have around 100,000 visitors per day. Think about the long-term results of your activities. It will seem frustrating in the beginning. Then again, everything worthwhile is going to be difficult. Stick it out and don’t give up. In the meanwhile, here are some of the best and most legitimate ways you can make money online in the short and long term. If you have a propensity for writing and you can slay with your prose, consider writing an ebook.
While the market has certainly become saturated as of late, books that help teach people about a technical topic still sell extremely well. I’ve been in the audiobook-selling business for some time now and have over 3 dozen titles to my name. I know a thing or two about audiobooks. And, what I’ve noticed recently is that audiobooks are growing in popularity as their digital-ebook counterparts are becoming less and less popular. People are turning to audio and visuals when it comes to technical subjects.
However, you should consider doing an ebook first and turning it into an audiobook through a resource like Audible’s ACX platform. You can hire a producer either through a royalty share program, so you don’t have to shell out upfront cash, or you can do a pay-per-hour hire as well. Yes, this is far more technical. Unless you have the right app-development skills, doing this is going to be a significant undertaking. But, apps are also a great source of passive income when done the right way. However, like anything else truly worthwhile, apps require a significant investment of your time or money upfront. If you don’t have the skills, then you have to hire someone who can assist you in creating a great app.
But first you need to come up with an idea that will sell. Do the proper market research and analytics to come up with the right app. Mechanical Turk is Amazon’s take on micro-jobs. These are small miniscule-jobs that you can do for other people, which they call HITs, or Human Intelligence Tasks. These are super simple tasks that anyone can do.
Yes, they don’t pay much, but if you string together hundreds of well-paying HITs, you can make a bit of money quickly online if you’re in a crunch for cash. Also, it’s important to note that you can also employ people with HITs to help you with whatever micro-tasks you might have. You could perform a valuable service that you could also up-sell to make more money per gig. Fiverr is one of the biggest providers in the gig economy on the web and you can sell a wide variety of services and products through this medium. Do the research and find out what you can offer.