How Will YOU Make Money Online?

Great question!

The reality is that there are many ways to make money online! The problem is that people often get distracted by the "latest and greatest" product or service and they are never able to build a successful (and revenue generating) business as a result.

Today I am going to run you through one of the most fundamental, yet powerful processes of generating revenue online.

It is a proven process, it is one that we use, and one that 100,000's of other Wealthy Affiliate members use. It is also the ultimate "making money" process that worked 5 years ago and it is going to work 5 years from now (and beyond). It is a process that will reveal as much opportunity in the massive online world as you are willing to work for!

It is called Affiliate Marketing.

But, just one thing before you get into the MONEY "stuff"...

The making money part of your business won't happen quite yet.

Before you earn money, you are going to first be focusing on creating your niche website (which will take place in the next two lessons) and are working to get traffic to your website. Without a website, without content, and without traffic, the MONEY part simply doesn't happen.

So don't look at this like a race. You will reach success and a great deal of it, but before you build your own personal SKYSCRAPER of a business, you must first have a solid FOUNDATION to build it on. That is going to be our first goal within the Getting Started training. Cool?

Alright, let's continue on! :)

Below is a video walk-through of today's lesson and the process of "How to Make Money Online - The Process Explained". Just click the PLAY button to watch it!

 


In the coming days are going to be working through this process and by the end of this Level 1 training alone, you are going to have an awesome foundation in place that will lead you to much greater success.

Task #1: Understand the Make Money Process

There are MANY different ways that you can earn money online and many different ways in which you can build an entire business. The most lucrative and the one that we have been teaching here at Wealthy Affiliate for the past 14 years is Affiliate Marketing.

Below is a diagram outlining the process of making money through affiliate marketing.

There are now over 4 BILLION people online as of 2019 (YOUR audience) and these people are going to search engines, social media, or visiting websites for help all the time.

These people are looking for information, solutions to problems and to buy stuff.

That is where you are going to come in with your website and help these "audiences" by offering them information about what they are looking for. You will be "helping" these people, recommending products/services they can benefit from, and you earn affiliate commissions ($$) as a result.

There are over 550 MILLION products/services that you can promote as an affiliate marketer. The opportunity is incredible and it is only growing!

By Lesson 4 of this course you are going to have your very own "niche" website in place that you will use to connect with your chosen audience and make money with. You will have your very own slice of the internet opportunity.

Task #2: Create (Write Down) Your Financial Goals

You want to earn revenue right? That is great! In order to earn anything however, you need to have some goals in place.

In this task we want you to join in on a "money goals" discussion here at Wealthy Affiliate. You are going to be telling us what your goals are and going forward, we are going to be helping you achieve these very goals!

QUESTION #1: How much money would you be happy earning?

QUESTION #2: How much would you be ecstatic (ie, really excited) earning?

QUESTION #3: And how much TIME are you willing to invest to achieve these goals?


PLEASE make 100% sure that you do not skip this step and you revisit this post regularly when you are in need of some motivation. I can absolutely assure you that if you work hard at this and you are persistent towards these goals, you will achieve them. But ultimately it is UP TO YOU!

JOIN DI$CU$ION: What Are Your "Money" Goals?

In addition to this, it would be wonderful if you commented on someone else's goals they have posted within this thread. Aim to comment on at least TWO people's goals. You likely can network with many other "like minded" people here at Wealthy Affiliate and this is a good way to get your networking efforts rolling. We are a friendly bunch here at WA!

If you have any questions about any aspect of the make money process, feel free to leave them in the comments below.

Awesome, off to the next lesson now where you will be "choosing your niche"!



==> Want to Create a Full-Time Income Online? Our Premium Membership Will Speed Up the Process to Get There!

Tasks 0/4 completed
2. Understand the "The Process of Earning Money Online" Infographic
3. Join in on this discussion and add your personal "money" goals
4. Comment on at Least TWO People


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DianneSaw Premium
just a question, if you are going to have more than one niche, does it need to be in one category? like for example my niche is a bracelet for women and I have a couple of other niche does it need to be other jewelry niche? or I have to build another one for a different category?

thank you.
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cbmercado Premium
Your niches can be totally separate or related. It's up to you. You should build a separate website for each niche. That's my take.
Reply
Jewelia Premium
Hi Dianne,

Start with one narrow niche and develop it until it gets you good traffic. Then, if you are going to promote, let's say, earrings then you can add it to the same website (broaden your niche because these goods are related and the same targeted audience that is interested in the bracelets could be interested in earrings). You can assign earrings to a different category depending on your classification.

But, if you are going to a completely different niche, let's say, skincare, then create a second website for it.

Good luck,

~ Julia
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RinaNZ Premium
Hi Dianne

Great question! If the second niche is related to womens bracelets and includes say scarves and womens clutch bags then the niche is actually as in womens fashion accessories.

If the second niche has no relation to womens bracelets, say bambillo pillows, then having a second niche website for that makes sence.

But it's better to stick with one niche website and put your effort into building that out first, and once you get some experience behind you then it's fine to scale up and consider a second niche website.

How is the training going? Let me know if you want help with that!

Rina
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DianneSaw Premium
thank you Julia. noted.
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DianneSaw Premium
Hello Rina,

Thank you kindly for your reply. So far so good with baby in my hand. Multitasking as much as I can and if baby is asleep I can focus more. taking notes as well on the training. I am glad that everyone is ready to help and clarify the steps. I must say this is so far the simplest step by step training. easy to follow.

and oh, will let you know if I have more questions along the way.

thanks,
Di.
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EuphemiaD2 Premium
Hello I need your help How do I edit on my website I realized that I made few mistakes on my About Me post and Privacy Policy page Secondly my SEO plugin is showing a lot of comments about recent events is it alright or I made another blunder. Please assist.
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EliseTAG Premium
To edit your post, go to SiteContent. If you wrote your article there. So go to Websites (menu on the left) and you'll see SiteContent, then click on the post you want to edit and you'll see a button to edit here.

If you didn't use SiteContent, just go to the back office of your WordPress and click on posts on the left menu.
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EuphemiaD2 Premium
Hello Elise Thanks for your assistance
Reply
SueSundstrom Premium
Is 'personal development' good as a niche or just way too broad? I would write on topics like productivity, mindset, habits, marriage, parenting, faith, finance. I'm confused by the advice to select a product as a niche, as I don't know what I'd narrow in on and how to write endlessly about a product? I love planners and pretty notebooks and any shabby chic home accessory or furniture items. And books. That's all I can think of when it comes to products. 🤔 I would love advice, I'm feeling stuck still!
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JosephRebisz Premium
I actually think it's a good niche. Plenty of room to write about and expand on. You have other good interests as well.
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SueSundstrom Premium
Thank you.
Reply
JosephRebisz Premium
We're here to help:)
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cramervod Premium
You will never find anything for personal development since people don't search for that.

Only bloggers search for that term. Real people have issues that are specific and those are the things to research...

General stuff like mindsets, habits, marriage, counseling will only cause you to struggle.

Think in terms of one issue at a time... What are the painful points of suffering for a segment of the market.

Then locate people who fit your demographics and focus on psychographics.

That group will hold the niche secret because you will learn from them what they have tried, what they know about, and what they would consider trying.

I have seen sites named "online therapy reviews" because the issue is finding the right therapy for a time period at night.
Reply
Ramco Premium
Hi Sue,

Personal development is not a niche it is actually a massive category that encompasses all kinds of topics and niches inside itself which makes it a bit more difficult to narrow.

So it is generally accepted there are 8 segments of personal development. You are going to find it difficult to cover one as I said before within one there can be several areas to cover and expand on within the one let alone the whole.

My 2 cents choose the one you are most interested in and even passionate about that you can write copious amounts on.

Do research with Google about competition in the different segments, searches and copious amounts of key words.

You will then have a much better handle on your direction.

Have fun;

Rami
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DValentine Premium
Sue - you could make rage buggies your niche - (the dot com is available as of the time of me writing this)
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SueSundstrom Premium
Hi! Thanks for zoning in on an interest of mine, great thinking! but what on earth would I write about rage buggies? I just like riding them, I'm not at all interested in how they are made up or different models etc. I'm trying to think of the next 6 months writing about something that will engage me and I will be willing to persist at.
Reply
SueSundstrom Premium
Hi Rami, this is interesting. What are the 8 segments please? Are you suggesting I should focus on one of the 8 segments and write about that?
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Nloewen Premium
Hey Sundstorm..
I see it as an amazing niche..
But you could create a few websites from those ideas, you are having.. Dont make your website to huge of diffrent ideas.. When someone searches something in the internet..
People are looking for more detailed wisdom, wisdom is goold..

So i would suggest you take your time, and think about it a bit deeper which of those ideas that you are having you wanna focus on, with this Website..

for example= Marrige could be its own website .. But you could throw marrige and parenting together.. Which would make it a bigger niche.. And a lot more to write about..

Go details, but dont stress thinking about what to write..
Take your time, and make it simple as if you would talk to any other person..

Best of luck..
Reply
SueSundstrom Premium
Thank you 😘
Reply
Ramco Premium
Hi Sue,

That is exactly what I am saying!!

1. Career/Business
2.Finances and Wealth
3 Friends and Family
4. Fun, Recreation and Entertainment
5. Health and Fitness
6. Love Life
7 Personal / Spiritual Development
8 Physical Environment

The strategy is to take one Segment as you can see there are at least three or 4 inner routes if not more in each segment. So you narrow further. Start with one of those inner and once comfortable with that, take on another as you move along the one segment.

Once you have come to the end of one segment you can move to encompass another segment...if you ever get there...ha ha ;

Rami.
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sregrunified Premium
This info helped alot.. Thank you
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SueSundstrom Premium
Hi Rami, this is great thank you. Where would for eg 'productivity' fit into the 8 and is it a niche? And what about mindset - where do you think that would go?
Reply
Ramco Premium
Hi Frazier,
Your very welcome!!

Rami.
Reply
Ramco Premium
Hi Sue,

Your most welcome!! ;

That is what I meant in my first paragraph in my first reply to you.....

Personal development is not a niche it is actually a massive category that encompasses all kinds of topics and niches inside itself which makes it a bit more difficult to narrow.

Mindset and productivity can go under each one of them and actually do if you want them to. ;

Yes the most obvious for productivity (which can be a niche on its own) is Career/Business only are you not being productive in the least obvious Love life?.(you most certainly are) Mindset transcends over them all too.

I caught something when you were talking about products which you would do well to expunge from your thoughts.... at one stage in the past we differentiated between the two in the modern world there is no differentiation between a product and a service they are both now seen as the same.

Trust you are satisfied with answers!! ha ha ;

Have a good day!!

R.
Reply
SueSundstrom Premium
I will change my thinking on products and services thanks. So productivity could be my niche. How do you prevent boredom from writing about just 1 thing? I crave variety. Am I doomed by my need/desire to learn about different things/topics at once?
Reply
Ramco Premium
Free your mind up Sue,

Turn it on its head how about productivity but encompassing many or indeed over all segments will that not relieve the boredom and satisfy your desire to learn about many things?

It's more about what you can handle....haha ;

R.
Reply
kerrylee58 Premium
I was the same place you are at a week ago, I wanted to pick jewelry but it is such a wide catagory. So I am focusing on gemstones which is store pretty broad, but I intend on using keywords to drive traffic, which is the training I am doing today.
Hope this helps!
Reply
Hi i need some help! In choosing a niche do i understand it correctly that it is a single product? For example if you want to sell Gym equipment on your web site does it mean that you can only sell for example dumbbells and nothing else? Or can i add more niches to my list to be able to cell all types of Gym equipment?
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psalisbury1 Premium
No, you could have Gym equipment as your niche and sell any and all gym equipment.

Phil
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Lebogang22 Premium
No. A niche is your "category". It shouldn't be too broad, but it also shouldn't be too narrow. You want room to expand later on if you so choose.

Fitness is a niche that can cover the direction that you are looking towards.
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Hi Lebogang
Thanks for your quick and helpful answer appreciate it
Reply
Thanks for the quick and helpful answer appreciate it
Reply
psalisbury1 Premium
You are welcome!

Phil
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DValentine Premium
Leon, Hi, here's a few questions that might help - who do you want to sell to? Gyms or people at home?

What type of exercise do people do at home? If they walk a lot then you could look at promoting treadmills or stairmasters or elliptical trainers or Nordic skiing stations etc.

But, I have to say - don't worry about trying to sell anything yet as nobody on the net knows who you are right now, they know nothing about you - so you're going to have to write helpful content that makes people go 'Oh, OK, Leon knows his stuff, if he says this product is good for walkers, I'll take a look at it'

This build up of trust is going to take time and content - depending on how hard you work at this you might be getting steady traffic in 3-6 months.

Once you have the traffic then you can start looking for affiliate programs.
Reply
Hi DValentine
Thanks for your input i appreciate it. I have clarity now and can move on creating my website.
Thanks
Leon
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