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


Top Helpers in This Lesson

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MichaelMars3 Premium
SITE this page I believe was made over a week ago. Any ideas?

when I click on my url from the website building page I get this: I also get the same when I click in "Log in now" for class lesson 5.

Hmm. We’re having trouble finding that site.

We can’t connect to the server at howtospeakenglishconfidentlyandeffectivelyinthecareeryouhavechosen.siterubix.com.

If that address is correct, here are three other things you can try:

Try again later.
Check your network connection.
If you are connected but behind a firewall, check that Firefox has permission to

When I enter my url into google, I get:
Your search - howtospeakenglishconfidentlyandeffectivelyinthecareeryouhavechosen.siterubix.com - did not match any documents.
Suggestions:
· Make sure that all words are spelled correctly.
· Try different keywords.
· Try more general keywords.


2
Choose a domain name for your website
I entered "Ardvarksareuswhackado" and also the above url, neither one showed up with "Awesome it's available"

Any help would be appreciated

Thank you

Mike
Reply
Kyle Premium
You will be able to find your websites within the Websites menu under "SiteManager".

Here is the direct link:

https://my.wealthyaffiliate.com/websites

Hope this helps you out! :)

And if you are having issues with your website loading, contact SiteSupport.

I suggest creating a hosting support ticket here:

https://my.wealthyaffiliate.com/websites/support

You can also find this within the Websites menu under the "SiteSupport"(to the left). This is where you should go if you ever have loading issues with your website, email issues, plugin/theme issues, or if you accidentally do something that adversely impacts your website.

This support is 24/7 and upon submitting your ticket we will look into it right away Kyle!
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lmunro Premium
In the video I just watched you said that you don't recommend that I do both the OEC training and the affiliate boot camp training one after the other. Is that just in the beginning? If I choose one now and get going with it, in the future can I do the other training too?
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Edilberto1 Premium
Yes. In the premium membership, you will have full access all the training.

Edilberto
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AJTrimble1 Premium
Of course.

The reason that it's not recommended that you do both at the same time is not that it's "forbidden" or because you're new. It primarily has to do with the fact that building even one site is very time-consuming.

You will be writing dozens -- or even hundreds -- of articles to get your site off the ground. And unless you are an extremely prolific writer who has the time and ability to crank out 3000-10,000 words per day, it would be near impossible to build two sites at the same time successfully. Focus is critical.

Thus, instead, think of it as either/or. If you have a topic (niche) that you are truly passionate about, go with the OEC and build a site around that. On the other hand, if you already have a lot of online business experience, or are passionate about affiliate marketing, then do the Bootcamp.

I must warn you, however. The make-money-online niche (i.e. what is covered in the Bootcamp) is EXTREMELY competitive, so unless you really know your stuff and/or have a ton of experience, I would suggest sticking with the OEC and choosing another niche. You'll have a better chance of success. Then you can always go through the Bootcamp later, build a business site, and share your successes.

Hope this helps :-)
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boomergp08 Premium
You can do Affiliate Bootcamp after OEC, but it is recommended that you do not do so right afterward for the simple fact that it will take months before you start earning consistent money from a niche website.

Affiliate Bootcamp is solely for the promotion of Wealthy Affiliate. It has nothing to do with creating an affiliate marketing website in a niche built around a hobby, interest or passion of yours. The tutorial below explains why you should do OEC first.
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katcam Premium
thanks for asking the question Imunro that was on my mind too. As I am a complete Newbie i will start with the OEC training thanks
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kgesch Premium
After going on Amazon and thinking a lot about what I am interested in and passionate about, I came up with three ideas:

1) Natural baby food and recipes (I am a stay at home mom and make my own! We are a vegan family :) )
2) School Supplies and Props for ESL teachers (since I am currently an ESL teacher)
3) Natural Skin Care for Women with Skin Issues due to Inflammation, Microbiome Disturbance, Hormonal Imbalances, Oxidative Damage, Blood Sugar Issues, and Nutritional Deficiencies (I have gone through this personally and have a wealth of knowledge in the subject)

Which do you feel would be a good niche to build a website on that would be lucrative?
Reply
Labman Premium
ESL has a huge opportunity
Reply
boomergp08 Premium
All are great, but I fully agree with Craig (Labman). ESL has the greatest potential and is a huge opportunity.
Reply
Eskazzie Premium
Household appliances
Reply
Eskazzie Premium
I agree
Reply
J-KWest Premium
I would agree that ESL would be a good choice, in part because you have an existing business in this niche and it allows you to create and/or promote digital products and courses in addition to physical products (and digital products have significantly higher margins than physical products).
Reply
kgesch Premium
thank you everyone for your advice! My current position is with ESL but eventually I would love to do (1) or (3). They are both big passions of mine :)
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kgesch Premium
how would I create digital products and courses?
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kgesch Premium
what is the huge opportunity with it?
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kgesch Premium
how is it a huge opportunity?
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boomergp08 Premium
Millions if not billions of people all over the world would like to learn English as a second language.
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kgesch Premium
my challenge is distinguishing myself from the many thousands who teach ESL and who also coach and who may have websites as well :) I am not sure what kind of niche to go with ESL. I could go with school supplies and props but I really love to teach and coach.
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boomergp08 Premium
Supplies and props are great and you could even incorporate some teaching into it by explaining how the supplies enhance the teaching. How you approach it will have to be determined by you through research of the competition.
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J-KWest Premium
Hi Kimberly, my apologies for the delayed response. An example of a digital product or course can be video lessons you create and publish on a site like Udemy or Teachable for example. You can also be an affiliate for existing digital products like Lingoda or Rosetta Stone.
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kgesch Premium
cool! I didn't even know I could do that and profit from that! I have made personally over 1,000 videos and just didn't know how to publish them. What is the benefit of being an affiliate for Lingoda or Rosetta Stone?
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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?
Reply
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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