Lesson 2 - Understanding how to make money online (00:00)

Kyle here from Wealthy Affiliate.Today I would like to discuss with you the process of making money online and I wanted to help you understand the critical components of earning revenue online because a lot of people don’t understand the process and what’s involved and a lot of time people will think how difficult it is, and it is actually quite simplistic in nature and you really don’t need a lot to get up and running online. So I’m going to be covering some of these topics within this video and I am also going to be simplifying the process of earning revenue online.

Obviously I am not going to be able to cover everything in this video because there are so many ways to earn revenue through the internet so I’m going to be basically talking about the core and getting the foundation up and running and showing you the flow of what revenue, the revenue processes that are most likely to work for you.

A Website is Your Success Foundation! (01:05)

So the best way is showing you how to earn revenue online is going to be to use the diagram provided to you on this page.So I’m going to be walking you through this and showing you how all the natural processes of earning revenue online and the core foundation of online revenue is.

So, he first thing I want to draw your attention to is a website and that is absolutely critical to earning money these days online.Without a website you don’t have a hope to earn revenue online because you don’t have a foundation to work off.

I use the example of building a house.If you don’t have a foundation there’s no point in framing the actual house.The website is going to serve as that foundation so regardless of what niche you’re going to promote you’re going to get two full websites within your Starter Membership, obviously you can host your own domains and have unlimited sites within the Premium Membership but when you get up and run absolutely use the build website function here at Wealthy Affiliate and we’re going to be getting into that in the next lesson.

So, I just wanted to cover the fact that the website is going to be a core, it’s where we’re going to be promote products, offer adsense and you can create your own products you can build a million things.There’s a lot of different things you can do to earn revenue once you have the website established.

That’s the first thing I want to discuss and you’re going to be choosing a niche in the next lesson followed by building your very own website in your respective niche in the very next lesson.

(03:00)

Now I’m going to uncover the actual process of earning revenue through that website works.

The Process of Earning Money (03:06)

So let’s go through the processes of how transactions work online and this is going to help you understand the process of how you’re going to generate revenue.

Over here we have your audience and audience with the internet is absolutely massive and global in nature and regardless of your location in the world you can target the audience with your website. So the audience is two billion people and if you ever run a local business you may have been in a town with thousands of people, now you have 2 billion people within the internet and you can access those though the techniques we’re going to be teaching you in the following lessons.

That’s the starting point of most success online and your goal as a marketer is to get your website ranked on the first couple of pages of Google so you can take advantage of the traffic and the audience and most of the time their engaged depending on the search terms

So I just want to give you a quick example here.I’m going to type in “Ways to avoid scams online”

A lot of people search this sort of thing because a lot of people get scammed online. See this very first website here.That’s my website.So if someone searches scams online – they will come to my website and get a lot of information about on scams online, information about how I make money online and I provide them with a wealth of information on how to get started and I am promoting Wealthy Affiliate and Jaaxy and a whole lot more and other products there that can earn me money online.

So this is my niche and it is the make money niche, but you can be in absolutely any niche that you want whether you’re selling golf clubs or Wordpress sites, dog training.It doesn’t really matter what your niche is as long as you’re interested in it and you enjoy learning about it.

So that is the process. Someone comes to the search term to my website reads that review and then they click a link within this which happens to be an affiliate link they go to the product and the end up buying something, I get the commission.Even though I don’t own the product, I get a kick back for promoting products. There are millions and millions of products that you can promote online and I know that it may seem overwhelming and a little bit crazy to you, but within Amazon you can promote any of their products.

If you have ever been to Amazon before you will know that they have millions of products on their websites.Say you wanted to promote a kindle, a camera, an ice cream machine.These are all things you can promote online and these are all niches you can be in and generate revenue.I think you’ll probably start to see how vast this opportunity is and how the process works.This is the most typical flow there is. There is more you will learn in the Premium Membership.

So you have your audience you have your research in Google. Then your goal is to get your website ranked in Google which we will show you how to do and then you can promote products within your website like Amazon or other affiliate programs like Wealthy Affiliate.There are thousands of different affiliate programs.So if some then go on to buy you earn a commission and that’s one way of earning money online.

That’s going to be the starting point of what we’re going to be training, but the key is getting this initial website in place and when you have this foundation in place, this is just one opportunity and this is just one way you can generate revenue on the internet.

I hope this video is helpful and I have clarified the process of earning money online and also the focus for a lot of people.I really want to emphasise the point you need a niche and a website and we’re going to be covering those in the next couple of lessons.

Once you have that website and once you have that foundation, the sky’s the limit in terms of the revenue you can generate.You can honestly create a full time income from the revue you generate and you won’t need hundreds of websites.You need one and you need to be good at what you do and that’s what we’re going to be teaching you.Thanks a lot.

Leave your comments and questions below an I will be more than happy to help you out.