Technology has been changing so fast that it’s crucial for an internet marketer to look for the best information. Many of the old ways of making money online are not relevant anymore. This article will explain 3 most updated and practical ways to make money online in 2019. Let’s dive right in!
1. Affiliate Marketing
Affiliate Marketing is still one of the most popular ways to make money online in 2019. How does affiliate marketing work? You become a salesman or an ambassador for a company or a brand. Every time you drive traffic or send your customers to make a purchase, you’ll make a commission.
You don’t have to invest any money in order to start an affiliate marketing business. This might be the easiest one to start if you’re new to the industry.
You have no control in the process of making the products or services. If their products are not very good, you may lose your credibility in the eyes of your customers.
That’s why it is important for you, as an affiliate marketer, to actually try the product yourself first, and give an honest review before giving your recommendation and start driving traffic.
2. Create and Sell Your Own Digital Products
This includes any digital products online, like, a course on how to make money online, a consultant business, a social media managing service, an app, ect.
You can create these products from your home, in your computer; then drive traffic to your site to make sales.
Since you’re creating your own products, you’re responsible for the quality of the brand. You don’t have to rely on other peoples’ products. You also will make the most money this way because you don’t have to share your sales with others.
This takes a lot of time; and your content need to be updated regularly to be relevant. Additionally, you have to be on top of everything. When a customer asks questions or has complaints, you want to be able to answer them fast and keep your buyers happy.
Selling Physical Products
This is my favorite way to make money online. If you want to learn more about selling physical products, make sure to follow my Youtube Channel, or keep coming back to this website, I will be posting a lot more useful content. For now, Let’s just break down “selling physical products” into 2 categories. Dropshipping and Private Labeling.
Dropshipping has become more and more popular. In 2019, the most common way to dropship is taking a picture of a product from a manufacturer. Then you upload the picture to your own website (this could be done through Shopify or WordPress). When your customers buy that product via your site, you then receive the money and order it from the manufacturer. The manufacturer will then ship your product directly from their warehouse to your customers.
A great thing for dropshipping is that you don’t have to invest too much money. You’re only responsible for running and managing your website.
The bad thing about dropshipping is that you don’t have much control over your products. Since they are shipped from the manufacturers (commonly in China in 2019), you can’t always make sure the quality of the products are high. Finding a great manufacturer to work with is very important.
b. Private Label
This is probably my favorite thing to do online. Basically you reach out to a manufacturer, negotiate a deal and buy products in bulk. You then customize your products. This includes package designs, inserts, ect. (done by you or the manufacturer). Then, you send your products to a warehouse or to your own home and you can start selling.
A very popular way to do this is Amazon FBA. Once you send the products to Amazon warehouse, they will take care of everything else including stocking, shipping and customer service. All you have to do at that point is to focus on driving traffic and making sales.
There’s a really good online course that teach you exactly how to do this. I invested in that course 2 years ago and I can’t recommend it enough. You can learn more about it here.
So now you have it. These are 3 most practical ways to make money online today in 2019. Now your task is to figure out which one do you like the most, which one is the best for you. Stay tuned because we will discuss that more often in the next few posts!