How to make money online | formulas that work in 2020 | Part 1

 

How to make money online| formulas that work in 2020

Part 1

By   zain kharal

So you want to make money online.

You have probably already found tons of bloggers who explain the way to roll in the hay. And most of them are probably not making a single euro ( avoid anyone who tells you to fill out surveys or click on ads to generate income).

Not to mention those who only make money selling courses where they teach how to make money. Paradoxical, right?

Is not my style. I've been living on the Internet for years, generating thousands of euros and learning the ins and outs of online business

First of all, you ought to know that creating money online isn't easy or fast. It never has been, no matter what you read or want to sell you.

I have had to put in a lot of effort and sacrifice a lot of my free time. I have spent sleepless nights, I have invested hundreds of hours in learning and I have given up my holidays while trying to earn my first euros.

But it was worth it.

The big advantage is that you no longer need technical knowledge. Before you had to know how to program to create a website, but nowadays there are systems so intuitive that even a child would know how to do it.

So the opportunity is now.

In this article, I am going to reveal the 10 best ways to earn money on the Internet for its economic potential, simplicity, and ability to generate income stably. And since I would like to be transparent with you, I will be able to also show you my very own results.

I remind you that here you will not find high risk or ridiculous income systems such as filling out online surveys or playing poker. If you want to make real money, you are going to have to work for it.

 Active versus passive income

Before you start, you should know that there are two ways to earn money online: active and passive systems.

• The assets are those that require you to have to be doing something to generate income, as can be to sell crafts made by you, translate text, or play poker.

• The liabilities are those that, once created, require virtually no further action on your part. Think about the advertising income generated by the readers of a website or the dividends you get with an investment. After the initial effort, then you don't have to do practically anything else.The latter is the most desired.

Thanks to passive systems, you can continue to generate income while you sleep, are traveling, or dedicate your time to anything else. They not only give you money: they also give you freedom.

And it's not that active systems are bad, but the Internet is like a showcase that never closes. It's always up and running, and you can take advantage of it to get a steady stream of income.

 How to make money online: 10 formulas that employment 

Let's now see the best ways to earn money online due to its economic potential, simplicity, and reliability, and the results I have achieved with them.

 1. Make money with affiliate marketing

This is the system with which I earned my first euros, and in my opinion, it's one of the foremost affordable ways for any beginner who wants to get passive income.

It hardly requires knowledge, the investment is nearly zero and its income potential is extremely high. Besides, once assembled you can practically forget about it: only minimal maintenance will be necessary.

Affiliate marketing consists of creating a website where you will publish product analysis and recommendations. In these analyzes, you will put links to other web pages where the product is sold. If you end up buying it, the seller will give you a commission for having referred a customer.

Logically, you must first have reached an agreement with those web pages. Luckily, today there are affiliate platforms (the best known is Amazon Affiliates ) where you only have to register to be part of that agreement. 

Let's say you are passionate about photography. You could create a web page where you would post reviews of different cameras or lenses with a link to the product page on Amazon for readers interested in buying.

This, for example, is an affiliate link.

Your website would seem in search engines like Google when people looked for analysis or comparisons of these cameras. They would go into your article, click on the affiliate link, and if they ended up buying, Amazon would give you a percentage.

you see where the grace is? You create a web page, you publish articles and, once they have visited, it becomes an automatic system that you should not be attending constantly.

The income potential of this system depends on the market you have chosen (the more that category of products is sold online and the more expensive they are, the better), but also on the time you invest.

These are the tasks you will have to do:

1. Create a website. You can do it in 15 minutes with this tutorial.
2. Write analyzes, comparisons, and recommendations. You will spend most of your time here. You can pay someone to do it, but I recommend that you write at the beginning to gain knowledge and practice.
3. Position your website in search engines. Although in markets with less competition your website can position itself practically on its own, sometimes you will need to present your website in other places on the Internet to make it more visible.

Earning some money with affiliation is relatively simplesimple, but if you want to invoice figures like these you will have to dedicate many hours and effort.

So forget about anyone who sells you that you can build such a system on a Caribbean beach overnight. To earn more than a dozen euros a month you will have to sacrifice a large part of your free time.

The good news is that, after the initial effort, you can dedicate yourself to reaping the rewards. Not to mention that you can maintain the system remotely, working from anywhere in the world (something important for a travel lover like me).

                       

4. Offer your services on specialized pages

If you do not have or do not want to create a blog or a website (although anyone without technical knowledge can do it today), another way to get a handful of euros online is by performing small online services .

The operation is very simple:

1. You sign up for one of the online platforms that put you in contact with potential clients
2. You publish your service and put a price on it
3. You wait for them to hire you

The jobs that are usually offered on these platforms are simple things, such as translating a text, editing a video, designing a logo, writing a resume, or preparing a PowerPoint presentation.

Some even volunteer to write irresistible Tinder profiles, your imagination is the limit!

Your income will depend on the number of hours and effort that you can dedicate to it on a regular basis. There are those who get a whole salary or even several thousand euros a month, but it will generally be useful if you need an extra income.

Currently, the most popular platforms and therefore with the greatest capacity to bring you clients are Upwork, Fiverr, and Freelancer:

• Upwork: It is only in English, but if you master it, it has enormous potential for the number of clients it has.

• Fiverr: it is in Spanish and has many clients demanding services, but the prices are low.

• Freelancer: it is in Spanish, but it has less volume of clients and it is not so easy to use.

All tend to stay around 10% of your turnover and rely on your customer reviews to increase or decrease your popularity. The better your reputation, the more attractive you will be to users interested in services like yours.

That is why the usual thing is to get few jobs at the beginning or have to offer them at a lower price, but little by little you will have more clients and you can raise your prices.