That’s right, we can make money online if we meet the requirements that we will see in this article. We start with the new technologies and the information society, a whole range of possibilities to generate income and earn money opens up.
Now, that this possibility exists does not mean that we are going to be the lucky ones to become the new millionaires.
Everyone wants to be and, obviously, not everyone gets it
To do things right, in the first place, a series of myths would have to be eliminated: That having a blog we can obtain substantial income only with advertising. That on the internet all income we receive is passive . That things work alone and automatically. And more like that.
The requirements that you should meet to make money online
Sell digital products, not physical
On the internet you can sell everything, digital, physical products … even smoke ? Physical products require accommodation costs (unless you use the dropshipping mode), logistics and transportation. They can also be perishable and do not allow changes on the fly: once the product is made it stays as it is.
Digital products, on the other hand, require minimal (virtual) hosting costs, lack transportation costs and logistics eliminations. They can be changed on the fly if you don’t like them anymore and they don’t spoil. The consequence, for me, is obvious: with digital products you have less expenses, more possibilities of adaptation and, consequently, greater probabilities of making money (or of earning more money) and of developing a successful business.
In this digital course you can learn to create infoproducts (digital products) and earn income with them. And if what you want is a platform that hosts your product and does the distribution and payment functions, sendowl is my option (tutorial here)
Have a large margin
In addition to the above, you should have a large margin.
There are two possibilities:
- Choose products with little margin but possibility of mass sales.
- Choose products that sell less but have more margin.
My opinion is that you should lean for seconds. The cost and distribution work is the same and honestly, we cannot count on you selling thousands of units. If we get it right, but otherwise we have a good margin, which is also a benefit.
In this sense, and as an example, a strategy that we based on selling e books under affiliation mode, with the minimum resulting percentages, in my opinion is not interesting unless it is accompanied by other possible sources of income.
When specializing, advice: that, precisely: specialization. Use applications and technology to work long tail products , go to small niches (better to micro niches) and stand out there. When we have done so, we can venture into larger markets. But focusing on a small market does not mean that it is enough to not have an acceptable volume of buyers.
If the goal is to sell, there must be people who buy, obviously. We would therefore have to keep a subtle balance between
- specialize in products, markets and specific and non-general people, and
- exist in them the minimum viable volume of subjects who may be interested in our product and buy it.
If one person (you) sells, more people will sell more. It is simple logic and arithmetic. Using affiliates means creating a genuine army of vendors at your service. For them to work well and be happy with you you should offer commissions that are not too ridiculous. In digital products 50% is usually customary.
The best known website where you can find tens of thousands of potential affiliates is clickbank. For many it is the synonym of making money with the internet . You can upload your products, describe them, link them to your sales page and make affiliates interested in them. It is a fantastic place that knowledge entrepreneurs, specialized in the creation of infoproducts , can not miss.
Tip: to reap a resounding success in affiliate marketing, the ideal thing would be for you to learn to review the products you promote.
Another good strategy is to develop the products in their minimum viable version, test them with the audience, and depending on the result decide:
- If they work well, go ahead.
- If they do not finish starting, pivoting and making modifications or directly moving to another product.
It is not worth spending huge amounts of time and resources to develop things that are not known if they will work. We must act with strategy. Remember that it doesn’t have to match what you think people want with what people really want. With the speed at which events occur today (changes of opinion, trends, consumption habits …), it is very easy to make mistakes, so, to minimize risks: products in their minimum version. Without working well, we will develop them.
Catch new trends from other countries
And finally, in order to make money online , we Latinos should do something quite advisable: see what happens in foreign markets. If something works out, why won’t it do it here? Remember that there are two theories about people’s consumption habits: that people know what they want or that people don’t know what they want until you give it to them ?
And here we come. I sincerely believe that making money with the internet is a possibility available to anyone if they follow advice like the previous ones.
In any case, do not forget that on the road you should enjoy, have fun, grow, have fun, be passionate about what you do and create with heart. If not, what is the use? Just to make money? Believe me if I tell you that you will get tired. And if you liked the article, why not share it on the networks? It costs you nothing and you help me a lot.