7 Most Popular Ways To Earn Money Online – Pros and Cons

Ways To Earn Money Online

If you want to get rich but do not want to spend too much time on it, making money online is a good choice.

There are literally hundreds of ways to make money online, for this reason, I share 7 of the most common ways with you in this article.

Read below the pros and cons of 7 of the most popular ways to make money online.

I will deal with the 7 following ways:

The content of this article

 

1: Sell A Product Or Service

In my opinion, this is one of the better ways, we ourselves have several websites where we sell products of ourselves (mainly ebooks).

The disadvantage of making a product is that it takes a lot of time. If you make a website and a product as a beginner, it will take a lot of time.

If after a few months you find out that the market you are in is not as good as you thought because you get fewer visitors or visitors are less willing to buy a product from you than you already have the work for nothing done.

In my own experience, as a beginner, I made the mistake of starting in the wrong niche, it just yielded a lot less than I thought, so that was a waste of my work.

Apart from the above, selling a product is a great way to earn money online.

It is therefore advisable to ask yourself how much money you want to earn online and whether that is possible in the market where you want to go.

To see if there are many searches for your market, I advise you to do a brainstorm about all the words that have to do with your market.

Once you have done this, enter them all at the google keyword tool.

Now you can see how many people search for certain words that are related to your interest.

This is one of the ways to see if you can get enough visitors to your site. Apparently, I digress a bit away from the story.

If you think that a market is good enough for what you want and you have enough knowledge to make a product in this market then I would say “go for it”.

There are higher profit margins on your own product than you get when promoting someone else’s product.

Another reason why I do this myself is because I like to help people by giving valuable products or information.

All benefits at a glance:

  •  You help people
  •  You can earn a lot of money
  •  Can be fully automated

All disadvantages at a glance:

  •  A lot of work
  •  You have to do the customer service
  •  It can be complicated
  •  Can fail despite a lot of work

2: Being An Affiliate Of A Product

I personally think this is the best way to earn money online for a beginner. As a beginner, you obviously want to see evidence as soon as possible that you can earn money online.

You want it fast and simple, being a product affiliate is very suitable for this.

As an affiliate, you promote a product from another party and you receive a percentage of the profit every time a sale is made.

This is usually remembered by means of a cookie that stores on the visitor’s computer that clicked on your unique link.

If the visitor buys the product from the person you are promoting, his system will see that there has been a sale.

The only drawback that many people mention is that your profit margins are often smaller compared to selling your own product.

We ourselves sell and promote products that give 50 or 60% of the profit, if you do have your own product then you get 100% but you have to make a product, a sales page and do the customer service.

It is also possible that the people you are promoting are better than you in promoting the e-book. It both has its advantages and disadvantages, you will have to decide for yourself what suits you best.

All benefits at a glance:

  •  You can make money quickly
  •  Little work is needed and it all can be fully automated
  •  Relatively simple
  •  You can easily change the product (s) you are promoting
  •  You can earn a lot of money

All disadvantages at a glance:

  •  the profit margins are relatively small as compared to selling your own product or service

Do you want to know what the best affiliate programs are to make money?

Check this article:

The best affiliate program and system to earn money

3: Earning Money Online With Google Adsense

Personally, I would only recommend using Adsense if your visitors are not looking for something specific.

If this is the case then you can put a banner with an advertisement of a certain product or service on your website, but if it is not relevant to what the visitor wants then you have nothing to do with it.

Adsense is then a better option, google adsense has been created to automatically adapt the ads to the visitor. If a visitor has often been to sites about cars, google often knows this and this user will automatically see ads about cars.

By putting adsense on your site, you can choose whether google automatically adjusts the ads to the visitor or the content on that page.

Adsense is ideal if you have a large site with a lot of visitors and can not keep track of which affiliate program fits best for each page.

A disadvantage that you will always have with adsense is that it generates less revenue than you as an affiliate while promoting a specific product that is equal to the interests of your visitors.

All benefits at a glance:

  •  Automatically adapts to the visitor and the content
  •  Can be fully automated

All disadvantages at a glance:

  •  You get little money per click.

4: Multilevel Marketing

It has been around for a long time and it has earned a very bad name for itself.

I myself have no first-hand experiences with multilevel marketing, but I do have many acquaintances who do this.

Multi-level marketing is that you buy access to a multilevel marketing company that allows you to resell this access to another person.

If this person who has made you a member also arranges for someone to work for the multi-level marketing company, you will receive a commission for it. There are many different variants of this.

What I have noticed is that between the richest people in the world there are no or a very few people who earn their money through multilevel marketing.

People usually all stop pretty quickly because they do not earn much at all. So in the end, almost everyone stops within a year that you have arranged.

I do not want to cut it off completely because there are probably people who earn a nice pocket money, of course, it remains a fact that most people are not successful in it or because they are too lazy and expected that they would make a lot of money very fast.

Another advantage is that you do not have to create websites or anything like that. All you have to do is convince others that this is a good method to make money.

All benefits at a glance:

  •  Simple
  •  It is said that you can make good money with it

All disadvantages at a glance:

  •  Very bad name
  •  Many people call it scams
  •  actively work for your money

5: Other Advertising Options

You can also offer advertising space on your website, distributing certain links for money or variations on adsense usage.

I summarize all of these together in one row because in almost none of the cases they are a good earn model.

I will name three types

1 I would only recommend variations on google adsense if you have a website where no adsense is allowed (eg a pornographic website), it could be useful. With adsense you almost always earn more per click and their system works much better, giving you more clicks.

2 Having a site where people can buy advertising space can generate a lot of money, but it is still an active job to continuously arrange for people to advertise.

If you can promote a product that you get a high commission on, I will always prefer that over advert space rent. It can be useful if you can sell it above its value. It remains difficult that if you do not sell advertising space for a month you do not have any income.

All benefits at a glance:

  •  Depending on how you want to earn money, alternative adverting methods could work better than other methods

All disadvantages at a glance:

  •  People usually do less with this.

6: Do Chores For Others

You can write texts for people, translate, create websites, make logos, you name it.

We ourselves know a freelancer writer who sometimes writes something for us that earns a few thousand dolars a month. If you do it right you can earn well with it but usually you will earn a lot of money by doing chores for others.

If you really want to get rich you will not get that done by doing chores for others.

All benefits at a glance:

  •  If you can do something it is relatively simple
  •  You can earn okay with it

All disadvantages at a glance:

  •  You will not get rich with it
  •  Less freedom

7: Investing

If you do well, investing is a very good way to make money.

Warren Buffet, one of the richest people in the world, increases its power by 20 to 25% each year. This is not high if you only have a small capacity and want to get rich quickly, but it is extremely high if you consider that he has billions of dollars and has been doing this for decades.

It turns out that 95% of people who invest in shares lose their money. That is a VERY HIGH percentage.

There are many people who claim that you can increase in your capital by 25% per year, but if you look how many people lose their money then you can ask yourself how much risk you are willing to take and how safe you want to be when investing your money.

I use investing as a way to allow my savings to grow steadily in a fairly passive way. Investing is certainly something to think about if you already have some savings or want to save money in the long run.

If you start this, I have to tell that you will be taking a lot of risks. Read as much you can find on that subject and always go for a long run.

All benefits at a glance:

  •  It can be fully automated.
  •  You can earn a lot from it

All disadvantages at a glance:

  •  Takes a long time if you want to do it safely
  •  If you have little money to invest, you can only earn good money if you take (too) high risks

Those were the 7 ways to earn money online.

If you have any comments or comments about these ways of earning money online, please post a comment below.

If you can supplement the lists with advantages or disadvantages in the reaction, then I will really appreciate that.

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