What is the best way to make money on the internet? Is it affiliate marketing? Youtube? Dropshipping? Actually, there is no one size fits all method, because everyone has different resources. For example, if you had lots of money but little time, you would be better off hiring someone to run ads for you. Conversely, if you have lots of time but little to no money, then you would be better off doing surveys for money. Now that you understand why there isn’t a “best” way to make money, let’s get right into it.
This method is perfect for those who have no money at all and just have lots of time. There are many online survey sites that pay you for your opinion, and it’s free to sign up for them. Some of them even give you a $5 bonus just for signing up on them! These survey sites usually also have a range of other offers to make money such as signing up for newsletters, doing Internet searches and more! Here’s a list of the best survey sites to use.
Youtubing is perfect if you have little to no money. Once you have 1,000 subscribers and 4,000 hours of watch time within the past 12 months, you can monetize your Youtube channel! This means that advertisers can now put ads in your videos and you will be paid for every 1000 views the ads get.
As your channel expands, you may want to consider investing in a good microphone for better audio, and once your channel goes viral, maybe a studio. All you have to do on Youtube to be successful is release videos that people like to watch, and your channel will start to grow. It’s that simple.
Another way that you can make money with no capital is Instagram. You wil need to first build up your following until you have lots of followers. Then you can list your Instagram page for advertisers to use on websites like Shoutcart. You can build your following by regularly posting helpful and meaningful posts, such as reviews on food, or music, or movies, or anything you like. Instagram pages with large followings usually charge by time. For example: $50 for a 2 hours post, $35 for a 2 hour post with link in bio.
This way is perfect for those who have a bit of capital to start with – about $50-$200. For more details on how to start affiliate marketing today, read my guide on it here. Affiliate marketing is great for those with small budgets because all you need to pay for is the advertising. Everything else such as product creation costs and hosting for the produt, are already paid for. All you need to do is do paid advertising to the landing page already created by product creators and you can start making money.
Dropshipping is great for those with budgets of $200-$500. This is because you will need to pay for hosting your store and advertising to get traffic to your store. To host your store, you can build a website by yourself on a domain hosting platform, or you could use Shopify. Once you have a store and have added products to it, you will need to start driving traffic to it, which also costs money. This is why dropshipping is recommended only if you have a budget of $200++.
Selling Your Own Products
This last method costs the most money, as you will be paying for hosting a store, advertising, making your products and maybe even space to store the product if you are selling physical products. The recommended starting budget for this is at least $500 and preferably, if possible, at least $700. Let me break down the costs for you. Firstly, paying for a hosting your store itself costs about $50. Next, driving traffic to your store takes about $200 by itself. Then you have to make the product. If you are selling physical products, you wil need to manufacture it, which in itself will cost at least $200. If you are making a digital product, then this cost can be neglected.
However, you will need to spend a lot of time making your product, be it an ebook or video programs, unless you wish to rush through this process and end up making a program that not only won’t sell, but in the rare instance that it does get sales, is refunded almost immediately. This amount of time that you will need to spend, if converted into money, would probably be a substantial amount of money too, which is why selling your own products is the costliest business to get into.
In conclusion, the best way to make money online is really dependent on you. I hope this article has helped you decide which way you want to take to make money online. All the best!