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"!

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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kgesch Premium
I was curious watching the video on how we are taxed when making commissions. For example I have my own ESL business and I am taxed at a certain rate. Having an online business, how does that affect us around tax time and when should we make our accountant aware? Do we receive any tax documentation?
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Hackerist Premium
If you make $600 or more, you need to file a form 1099. WA will not send anything since you build relationships with the affiliate products companies, so such companies should issue a Form 1099 to you if your earnings meet or exceed that threshold.
Anyway, at the end of the day, the affiliates are responsible to pay their taxes to the IRS.
Tom
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kgesch Premium
got it! so going through an accountant would be the best way to go? Any commissions I make the affiliate program would just send me in the mail or I would need to file with the accountant? this is all new to me since I just started my first business this year :)
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kgesch Premium
I had a question regarding the first video for understanding how to make money online regarding the process for affiliate marketing. I am aware of the Amazon Affiliate Program but I thought with these affiliate programs you have to have a certain amount of traffic going to your website, a certain number of subscribers, and a track record?
Reply
webcash2us Premium
Some programs require certain stats, but not all of them. There's many that you could still join and promote products from that can earn income from your site. I created a training on affiliate marketing program types that might be of interest to check out. Hope it helps.
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kgesch Premium
thank you!
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JoanneSantos Premium
Hi Kyle,

I have a few questions.

1- I Can't seem to add my favorite post to the bottom footer

2- The About Me Page, and Privacy Policy Is on the right side of my page, how can I move it over to the right under my site name?

3- How do I get rid of the word sample page from my site?

4- On Word press the bottom shows main menu, (under appearance- menus) but my box shows primary menu, does that matter?

Thanks Joanne
Reply
Kyle Premium
Happy to help you out here:

1- I Can't seem to add my favorite post to the bottom footer

Not every theme will support this. So depending on the theme that you choose, you will want to do so accordingly.

2- The About Me Page, and Privacy Policy Is on the right side of my page, how can I move it over to the right under my site name?

You can manage this through custom menus. This is covered in the first level of the training.

3- How do I get rid of the word sample page from my site?

You can delete it, by going through the Pages. This is covered within the first lessons of the training as well so you will get there.

4- On Word press the bottom shows main menu, (under appearance- menus) but my box shows primary menu, does that matter?

Primary Menu is your top menu, that is the one that you will be able to adjust with your own custom menu that you will create.
Reply
JoanneSantos Premium
Thank you so much Kyle for answering my questions.

I completed all the OEC training about a month ago, now I am going back to the videos one by one while I create my website.
Although, I'm eager to get my website up and running quickly, I know I need to take my time :)

I'm at Level 2, so I may have to go back to address the questions that I asked.

Be Well,


Joanne
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Woodsie1 Premium
Underneath the blue box where it says "Customise Your Site" there is an option to "change your theme completely".

I clicked on it and it says, "Bad Request" !

I thought it was a good request.

Anyway, I could stick with the theme I'm on but I have no idea how to get rid of the writing and put my own writing there. I managed the title okay, but then the main post says:

Welcome to WordPress. This is your first post. Edit or delete it, then start writing!

How do I edit it or delete it? There is no pen symbol for this section that I can find!

Woodsie
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Woodsie1 Premium
Ooh thank you - looks like what I need! Much appreciated.
Have a great day!

Woodsie
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Woodsie1 Premium
Thank you for these webinar suggestions - have done the first one and it was awesome!

Woodsie
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Goldie70 Premium
Hi Everyone .. I'm stuck right now, on choosing a niche. I'm trying desperately to get UNstuck. Does any of you have tips on how/what to use, since I'm very interested dogs and cats, wild animals like elephants and so on .. actually Anything kind and loving . Thanks for anything you choose.

Karin
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feigner Premium
have a play in google with its autosuggestion - no holds barred - just type in cats and a space and see what it comes up with - anything look interesting then write it down
carry on like that using the alphabet soup ( add a letter from the alphabet after the space and see what it comes back with)
look at what you have written down - is anything interesting.
nope then try another seed word - animals and go through it again.
click on any interesting searches and look at the questions and the related at the bottom.
this is a personal journey - only you know what interests you and flicks your swtch - you may change it in the future for something completely different, but it is ideally something you know about or really want to learn about.
have fun
phil
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DianeScorpio Premium
Hi - well just thinking about dogs, you could choose dog toys, dog training, dog clothing, dog beds, dog nutrition etc. The same ideas would work for cats.
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Goldie70 Premium
Thanks so much Diane .. it's strange that I didn't Think of that myself.
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