How to Make Money Online (MMO)(Pt 2) @adhew
How to Make Money Online (MMO)(Pt 2) @adhew
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2 individuals of 'digital nomads' that's happily 'making money online' whenever and where ever =)
In my previous post, I had wrote some pointers on how 'digital nomads' made their money online to keep up with their nomadic lifestyle. Hence, I’m going to explain more on the pointers in detail as per below. =)
The ‘MMO’ pointers explained
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Without further ado, I’ll list them down as below, for how 'digital nomads' do their 'MMO':-
A. Starting their own online business via methods such as:-
1) Earning money as a freelancer (ie. such as writing, editing, web design, coding, etc)
What does it mean to be a freelancer? Well, a freelancer is someone who goes out and look for clients and complete their work for the clients within their own flexible time despite having their client's deadline. With such flexible timing, it's no surprise that freelancers have the perk and freedom to travel whenever and where ever they want to.
Further details of freelancer type of job roles are as seen below here:-
• Writing
• Editing
• Web design
• Coding
• Video production
• Consultation
• Personal training (over Skype for instance)
• Marketing
• Promotion
• Career guidance
• Virtual assistant services
• Data entry
• Admin
• Moderation
• Sports commenting
2) By selling their services (ie. such as skype coaching, business consultant, fitness trainer, etc)
Selling a service online is another way of making money online. How so, you may ask?
Via the online channel of communication, which is a norm in today’s modern type of professions.
For example,
• Skype coaching can be done just by finding the right high ticketing coaching clients that are willing to pay top dollars for your 1-2 hours of advice per week.
• Personal gym trainers can now get online too to provide relevant tips and video coaching using social media platforms such as Youtube and Instagram.
• Even social media influencers are disrupting the industry nowadays by lending their branding power as a celebrity online to promote certain products online to their raving followers and loyal fans.
3) By creating their own passive income (ie. such as methods seen below):-
a) Selling their own digital product as a merchant
Digital products are one of the best products to sell online as a merchant. How so, you may ask? Well for starters digital products have pretty much zero-inventory, which means your cost for producing such info products are low. These digital products includes e-books and digital courses which you can sell online through websites such as Amazon, ClickBank, iTunes Store, Google Stores, or through mobile apps. Commissions can be given to your affiliates for helping you to market your own digital product online too.
b) Doing affiliate marketing of merchant online products
Which brings us to affiliate marketing as a method of ‘MMO’. Some merchants are willing to fork out as much as 80%-100% commissions on their product profits to share with their affiliates. All the affiliate has to do is to make their own landing page and then advertise their own referral link as how I've shown as an example below.
Here are some recommended high paying commission online products from one of my Internet Marketing Mentor, Mr Patric Chan.
• Click Bank Passive Income which is a ‘MMO System’ that pays up to 40% commission on their USD$47 per month or USD$97 one time fee sign ups
Link:- http://bit.ly/CB_PI
• Profit Windfall which is another ‘MMO System’ that pays up to 100% commission on their 1st dime sale at USD$9.97 and subsequent first upgrade of USD$27 for sign ups
Link:- http://bit.ly/Profit_Windfall_Aff
c) Service arbitrage based on currency conversion differences
Meanwhile, service arbitrage is pretty much a difference of profit earned by marketing an expert's service based on two country’s difference of currency conversion. For example, a web designer in India takes a lower payment for work done compared to the web designer’s in USA. This has made India a one stop IT solutions provider for these USA’s clients and merchants who are looking for a cheaper alternative.
d) Dropshipping physical products on ecommerce platforms
Dropshipping has been on the news in the past few years, as a value adding service on various ecommerce platforms such as Alibaba, Amazon, eBay, Shopify, etc. With zero inventories kept by the sellers, these sellers can save cost by dropshipping the bought items directly from the wholesalers to the buyer’s residence. It’s a win-win joint venture situation for both wholesalers and sellers as they are profit sharing in this cost cutting business model.
B. Creating content for passive income growth:-
1) Blogging on Steemit platform to earn SBD and SP
2) Hosting website that sells their own info products or someone else’s info products
3) Hosting their own YouTube or Instagram channel for building audience and profiting from advertisers.
The key ingredients for B #1, B #2, and B #3, are creating contents that are value adding to blogs, websites and to YouTube and Instagram. The rewards are lucrative for those who are truly passionate about creating and sharing content online. However, the downside is that it takes a lot of patience and perseverance to gain success and to chalk up on your followers and subscribers online. That being said, the rewards always outweigh the cons at the end of the day for these content creators who never stop giving up.
PS: Once again, here are some recommended high paying commission online products from one of my Internet Marketing Mentor, Mr Patric Chan.
• Click Bank Passive Income which is a ‘MMO System’ that pays up to 40% commission on their USD$47 per month or USD$97 one time fee sign ups.
Link:- http://bit.ly/CB_PI
• Profit Windfall which is another ‘MMO System’ that pays up to 100% commission on their 1st dime sale at USD$9.97 and subsequent first upgrade of USD$27 for sign ups
Link:- http://bit.ly/Profit_Windfall_Aff
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