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 you 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


Join the Discussion
Write something…
Recent messages
hchance22 Premium Plus
I understand the initial portion of AM. But when you say develop a niche and website, you are using the adds the company you are marketing for correct? And you are driving them to your webpage. Then your are making a landing page for those who click on your add? When does the info from the customer purchasing come to your Webpage? Does the monthly dues for WA include a CRM? But I don't understand if you develop a niche for something and you are selling literally 100 different items from 100 different stores, you won't be making a different website for each product. I am missing that link there. Does that make sense? Sorry if it is confusing. However, I am confused about that portion. :)
Reply
jghwebbrand Premium
You choose a focus niche to narrow down your audience scope and related products.

For example. I like camping and want to help campers buy the right equipment to make their camping experience more pleasant and safe. (So I have a niche with a defined audience which also helps me to narrow my selection of niche products.

The example is a very broad topic with a lot of competition so to eliminate some competition in the beginning so the website has a chance to grow, the focus needs to be a smaller scope. For example essential camping equipment for beginners. Once the website is established and has a good volume, its scope can be expanded.

I sign up for camping affiliate programs.
Browser search camping + affiliate programs.

By signing up for an affiliate program I receive a special link code and the right to find products in that affiliate program that relate to my niche. I copy the product code with my link into my website. Visitors to my site will click on that product link (most of the time it includes a picture of the product. When they click on my link they are taken to the affiliate programs product page. When they buy on the programs product page, I get credit for the sale because the customer was directed from my site to the product they bought. I do not handle the product or the billing. The affiliate program does that

Since you are a Paid Premium Plus member you have access to many great Affiliate marketing training series. I recommend you complete the training OEC (Online Entrepreneur Certification) and the videos to get a greater understanding. Understanding comes by training and doing. Over time things will fall into place for you.

You can also use the menu bar search (magnifying glass) to find many blog on it.
Reply
michaelw777 Premium
I am just going to say this; in Jaaxy; you try to get excellent stats; then for your subject or Niche; when it shows up on Google; and other Search Engines; it will be near the top. And for those searching for what you are advertising; Potential Customers will click on it.

Hope this helps and encourages?
Reply
tjerrich Premium
I do have a few ideas but I can't decide! I love to travel and enjoy the adventures of the world. (When I can at least) I am also a graphic designer and I am learning UX/UI. I love to learn things every day. Traveling and experiencing different cultures is definitely interesting! Any suggestions??
Reply
JVong1 Premium
Hi Friend, That some great idea that you have.
tip #1 Answer this question, I want to help people with,,,,. That will be your niche.
From what you told about travel. "travel gears and preparation" , "how to travel and save money" or "how to travel and make money".
Graphic designer: you can teach other tricks to have great designed.
tip# when picking your niche is : Pick something that you will never get tired when talk about it.

Hope this help,

Jason
Reply
tjerrich Premium
That's good advice! Thanks!
Reply
JVong1 Premium
No Problem and welcome to WA
Reply
jghwebbrand Premium
I would make sure of your passion. I see you have said it is travel. I am attaching a blog that will help you to check your passion.

How To Find Your Passion If have no niche ideas here are some things to think about When you have confirmed your niche, it is important to define your target audience for your website. Travel is too broad.

Kyles helps us narrow a niche by completing the following statement.

.'i want to help ____(group) with ______(problem)'


Why should you narrow your niche when first starting?
The key to getting started fast is to narrow your niche down to a specific topic. This way, you will eliminate a lot of competition and get results much faster.
Niche examples starting with a narrow scope
Camping essentials for beginners as a niche subject Computer essentials for beginners. Strength training for women over 40. I help women over 50 lose weight with yoga, help new Moms find the most important baby gear to cope with their first year as a parent

Once your website is established and has good traffic volume you can expand your niche scope.


How To Expand Your niche later
Reply
michaelw777 Premium
I am just going to say; it will take more work, money and time. But, you can have more than one Niche; and you can have more than one .com If you want? Ask how many you can have? I am not sure. But, I know you can have more than one.

Hope this helps and encourages?
Reply
I have a keen interest in the occult and am considering a niche in that genre. I know it is a very wide field and would like to narrow it down to tarot cards. I would like to know if that could be a viable niche and what you think of it's possibilities.
Reply
AbieAJ Premium Plus
Hi

I am not very familiar with your proposed niche however as you say it may broad you may want to narrow it down to a subcategory starting out, otherwise you will find it very hard to get noticed by the search engines and to compete with big authority sites. Target audience is important too, who would you be writing to, once you are able to identify them, you are closer to finding a focused niche.

Once a site starts gaining traction, traffic and authority you can then scale to cover another subcategory.

See example blog post below A niche subject is something you are passionate and genuinely interested in could be a hobby or an interest, and know so well you can write plenty original content about.

ONE niche, a website. Products and programs can be varied however all must be relevant to the niche.

You may consult with https://answersocrates.com/ for further research into finding a subcategory starting out. You can search what real people are asking as in Questions, Prepositions, Comparisons, in the past, letters and query. It is also great if someone wants to write a thorough research based article.

When deciding on a niche try narrow it down to a more specific niche, you can ask yourself the following question:

So I want to help people with ____________________ ?

Fill in the blank and you are going to get closer to a specific audience. Essentially you are writing more informational posts so that you do not sound so salesy to Google and if there’s a solution, a detailed analysis review post for your visitors to let them make an informed decision whether to go click your links and go purchase the focused item you proposed to solve their issue.

You can do a google search
Your niche + affiliate programs
Your niche + affiliate programs + location
and see what results you get

Meanwhile I'd ask as many questions as I want to get clarifications,

Welcome to WA and our community.

Abie & AJ
Reply
jghwebbrand Premium
You can do a few things.
1) Type your niche word(s) in a browser Note if there are Ads. Ads mean they are being placed because there is money to make from them on this niche.
2) Do other word auto populate when you type your niche into a browser search
3) trends.google.com will give you an idea of interest over time.
4) ahrefs.com/keyword-generator will give you ides of related keywords and volume
5) WA's Jaaxy will talk give you ideas for keywords but as a free member you are limited to 30 free searches. .
6) Find out if people ask questions about it. http://soolve.com
7) As Abie has indicated find out iif there are affiliate programs you can join (although it is too soon to join yet.) browser search your niche word + affiliate program.
Reply
michaelw777 Premium
I am just going to say; if you want to stick to your Original Subject? That should be okay. You would have a bigger audience. More Links to choose from. And you would have more material for posts.
Reply
I have a keen interest in the occult and am considering a niche in that genre. I know it is a very wide field and would like to narrow it down to tarot cards. I would like to know if that could be a viable niche and what you think of it's possibilities.
Reply
AbieAJ Premium Plus
You may consult with https://answersocrates.com/ for further research into narrowing and finding a subcategory starting out. You can search what real people are asking as in Questions, Prepositions, Comparisons, in the past, letters and query.
Reply
HI, I as I am going through the training, I am wondering; Can I cancel any time after buying the membership?
I mean, if I am not earning enough to pay for the membership.
Do you charge a percentage of what ever amount I earn?
and lastly. I have not hear or seen anything related to taxes (how to report earnings, how often, etc.).
Reply
AbieAJ Premium Plus
Hi

Yes you may. No we do not, your affiliations are third parties that has nothing to do with WA. Affiliate Marketing commission payouts are subject to taxes, you need seek professional advice and again with your affiliations.
Reply
jghwebbrand Premium
1) Canceling at anytime - yes you can -click on your profile image -> account settings -> subscriptions -> scroll to bottom see "cancel". If you have a .com website you will need to find another host. for it.
2) If you earn from the WA affiliate program here's and idea of what you can make. https://www.wealthyaffiliate.com/affiliates/
When joining other affiliate program you will earn based on their commission schedule. WA does not take anything from that.
3) When you sign up with an affiliate program you will be asked to provide tax info so the affiliate program can associate your earning with your tax id. WA is a global community so you can check the internet for tax info. Many affiliate programs consider you a consultant when it comes to taxes. You are not an employee so you can search accordingly.
Reply
michaelw777 Premium
I am just going to say; if still confused? Click Help in the above menu; and ask Live Chat. That is it? If still confused?
Reply
Top