Just about all of us could use extra money, and that is even more relevant if we have debt. One way you can make extra money is with an online business and be debt free today…..Well, maybe not today, literally, as it’s just an expression, but certainly on the way to being debt free. But you can start today, and that’s the point.
Often times one income stream is just not enough to cover everything in life, even on a basic level, and that’s when many of us find our debt growing from a hump in the financial chart to a huge spike. Sometimes two sources of income doesn’t cut it, either. The more income we have coming in from various sources the better off we are, and that gives us a chance to eradicate those pesky debts forever.
Why An Online Business?
An online business can be a fulltime venture or a part-time enterprise designed to bring in some extra cash to get rid of those debts and mounting bills. Doing business online is often very cheap and with great time flexibility; meaning if you need to fit it in around the work schedule of your regular job, you can. You can operate it from the comfort of your own home, get started very quickly and it costs very little to begin.
The Advantages Of An Online Business
- Can work from home
- Can work from practically anywhere in the world
- Extremely low overheads
- All you need is a computer and an internet connection
- Time freedom
- Financial freedom
- Work flexibility
- Non-physical work
- No age limit
- No limit to the earning possibilities
- Can be done with basic computer skills
- Massive global market of over 2 billion internet users
As you can see from the above list there are many advantages to running a business online. It only makes sense to give it a shot. There’s really nothing to lose when it comes to the cost, and it’s really just your time; which you can allocate when you have some spare.
What I Do To Work Online
I currently do two major things online to earn an income, although I receive income streams from quite a few places. I’ll explain that in a minute, but the two main things I do is write and publish eBooks (Indie publishing), and I also do affiliate marketing.
With both of these operations I get paid royalties and commissions from a number of sources. For example, with the eBooks I sell on multiple retailers (or through aggregators that distribute to multiple retailers), and I receive payments from all these retailers separately. It’s the same with affiliate marketing. I promote products for many different companies and either receive payment from the actual company, or from a affiliate website that acts as the vendor for many companies.
If you are unsure exactly what affiliate marketing is, it’s basically promoting a company’s products on your website, blog, social media etc., where you get a commission when someone clicks through on your affiliate link and makes a purchase. The concept is really very simple and the best analogy would be to compare it to the job of a sales representative in the offline world.
I also do a few other minor things for some extra pocket money, but the above two businesses are my major income earners.
What You Can Do To Work Online
As I’ve already alluded to, there are many ways to earn money online and I’ll list just a few in a moment. Some might only earn pocket money while others can be turned into serious businesses, and that’s what you really want to pay off those debts and get ahead in life financially.
So, what can you do to make money on the internet?
- Affiliate Marketing
- Writing & Publishing eBooks (or Print Books)
- Selling Services
- Selling Products on eBay/Amazon
- Become a Virtual Assistant
- Online Surveys
- Creating Apps
- Computer Programming
- Selling Stock Photos
- Freelancing (Writing, Graphic Design etc.)
- Forex & Stock Trading
That’s just a small list of the many possibilities that are out there, and there are new opportunities being invented all the time. The internet is a living thing and is changing and evolving all the time. That’s what makes it such a great place to do business. It’s dynamic!
In order to do some of the above activities or business ventures on the internet you will need a web presence; preferably your own website (or several). You will also need some training to learn how to start your online business off on the right foot and, more importantly, how to make it generate a consistent and lucrative income.
Create Your Online Business With The Help Of Wealthy Affiliate
Wealthy Affiliate is an online marketing training platform. While the name suggests it is about affiliate marketing (and it is), doing the WA training is just as beneficial for setting up virtually any kind of web presence for any type of business venture on the internet.
I’ve been a member of Wealthy Affiliate for quite some time now and I can’t see myself leaving. Even though I’ve been through their 2 official training courses, there is just so much more to learn. Members also contribute training, and the site owners have loads more helpful tutorials that weren’t included in the official courses.
The thing that keeps me at WA, though, is the community. Rather than feeling like you’re running a business in the online world all alone, the WA community is always there to interact with, get answers to questions, help with problems and just general positive encouragement. Everyone is trying to help everyone else succeed.
The Benefits Of Joining Wealthy Affiliate
- FREE to get started
- FREE to do the first level of training
- 2 FREE websites and hosting
- FREE website builder
- Hosting for up to 50 websites
- Very active and helpful community of members
- Step-by-step training with tutorials and videos
- Thousands of Word Press themes to choose from for your websites
- Contributor training
- Keyword research tools
- Live chat
- 24/7 support
As you can see the list of benefits is long, and that’s just scratching the surface of the value you receive for being a member of WA; especially when you upgrade to a Premium Membership, but there’s no pressure to do that. You can stay as a free member for as long as you want, but obviously there are benefits to upgrading.
There are numerous ways to make money online to pay off those debts and start living a life of financial and time freedom. I highly recommend you check out the training and everything else that’s on offer over at Wealthy Affiliate. It’s worked for me and I know it can work for you too.
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