How To Make Money Online Without Spending Any Money- The 3 Levels
Hi Guys I am Weng Honn here , how is everyone doing .
Thanks to the internet, there is an endless number of ways to make money online. Here are the 3 stages you can make some extra money on the side.
Making more money could likely solve a lot of your problems.
Luckily, in the age of the internet, making extra money (or your whole paycheck) online is incredibly easy if you know where to look.
I always tell myself that we are in an era where only the lazy people will die of hunger. Internet is so huge , there endless opportunity to make money out there.And you do not need to spent thousands of dollars to start your online business. All you need is a laptop , no need to be a fancy one , internet provider and a mouse . and you can start making money online.
So , do not give yourself any lazy exuses of not making any money online.
I have breakdown 3 stages where you can make money online.
Subscribe to my youtube channel to learn more on ways to make money online.
Stage 1 :Selling Your Services.
This is the easiest way to start your online business. Everyone has a skills ,knowledge or services that they can offer and exchange for money .
Wheter you are a teacher , a video editor , a graphic designer , you have the skills , knowledge or services that people would be interested to buy from you and to exchange for money.
The easiest place to start selling your services are through freelancing platform.
They are tonnes of freelancing platform where you can offer your services , I have personally used fiverr and upwork .
I am using fiverr for both as a seller to offer my services and also buying from fiverr.For upwork I only buy services from them. I will strongly suggest those that wana start selling their business online , start with fiverr, as the rule is not straight and pretty much anyone can start selling on fiverr , however upwork will be more strict and need a certain educational level .
So for example , you are a graphic designer , people are typically charging their services starting at 5-10 . If the client wana have a much more complicated art work , they can select standard or premium package which are higher in price.
So level 1 on online business is to sell your services.
Level 2 will be selling products online
As you need to deal with more stuff now and extra skills ,selling products online will be on level 2.
There are different method where you can start selling products online .I will go through all methods over here.
If you are someone that do not have any products to sell and do not want to spent a lot of money , you can sell products using dropshipping method.
Dropshipping is a super popular method where , list your products on platform like amazon ,lazada or shopee and when people buy that products , your supplier will sent the products directly to your customer , so , you do not need to handle any shipping and warehousing.
However , the downside will be , low profit margin ,and shipping sometime will be quiet a problem .
If you have a bigger guts you can opt to become a stokist . Stokist simple means you buy products in bulk and resell it . You do not need to buy a container of products to sell , all you need is just 1 or 2 cartoon to start become a stokist.
It is super easy nowadays , as the market is so competitive , most company will allow small stokist .So , you do not need to spent thousands of dollars to buy products.
A couple of hundreds will do .
#3 Online Courses
If you like to teach , this will be a great options. Selling Online courses is a big market . The Global eLearning Market Will Reach $325 Billion By 2025. The global eLearning market was worth an impressive $107 billion in 2015 . By 2025, however, Research and Markets believe that it will reach a staggering total market value of $325 billion
We are looking at a industry that worth 325 billion usd .If you are not part of it , you will be losing a lot of money in front of you .
The top 2 places that I would recommended you to start selling your online courses will:
This is the largest and most popular places for online course shopper . Over here , you can find thousands of different courses that teach about anything on earth.However , udemy is popular as a “cheap marketplace” and most of the courses selling here is very cheap , you can even learn a complete step by step how to build a complete apps with only 9.90 during promotion.
So, udemy is all about selling on volume and not really the quality.
Skillshare is much more strict than udemy .People that take courses on skilsshare is looking more at the quality of the courses more than on udemy.
A distinct different between udemy and skillshare is that udemy is a one off services , where you pay a one off price and enroll to the course . On skillshare , students need to pay a monthly subscriptions fees.
# 4 Affiliate marketing.
Affiliate marketing is a very popular online business method , where we sell others people products and get a commission out of it.
Affiliate marketing is a business model that is similar to dropshipping but , affiliate marketing mostly dealing with digital products , like software , online courses and ebook.
There are plenty of website where you can choose your digital products to sell , for example , clickbank. Clickbank is the most popular platform for affiliate marketer get their products from.
You can choose tonnes of different products from clickbank.
After choosing a particular products that you wana sell , clickbank will generate a link for you to promote. So , whenever people click this link and buy the products , you will get the commissions . And the commission given normally is more than 30% .
So , this is the 4 ways that you can make money online on level 2 .
Level 3 Will be Building Your Community
Facebook group , youtubing , instagram , tik tok this is the ultimate level of any business. When we look at facebook , facebook earn most of their money from faebook ads.
But, what is the foundation that make facebook able to earn from their ads? Users, the amount of people that is inside facebook that makes facebook ads works.
Lets look at pewdiepie.
This popular youtuber is earning 70 million in 2019 , what is the foundation that make him earn this much?his subscribers in youtube , he has 104millions subscribers! He has a huge community .
When you have such a big community , you can easily do 100 times better on your level 1 and level 2 .
But the problems is that pewdiepew took 10years to build his youtube channel .
I mean you also can start building your channel while working on your freelancing job on fiverr , or also selling your online courses on udemy.
It is 100% fine if you have the time to do all this at one go .
So , in this video , we have gone through the 3 levels of online business, comment below , in which level are you currently at?