Check this post How To Build Your Own Online Empire Without Investing A Cent from Self Improvement:
Today I want to share with you a method how you can build up your own online empire that could bring in thousands of dollars a month without investing a cent of your own money.
NOTE: This is not a get-rich quick scheme. It will likely take you many months or even a few years to achieve, and it will take lots of hard work and persistence. But… it will work if you follow this method. If you really want to be financially free, it is worth the time and effort needed to achieve it.
The last 15 years have seen an enormous change in the way that people do business. The main factor that has caused this change is the availability and accessibility of the internet. With blogs and websites, it is possible for an average person to reach literally millions of people with his ideas and words. This creates the enormous potential of having hundreds and thousands of potential people who are willing to buy your products / memberships or services from you.
“Did you know that there are housewives, moms and teenagers who make hundreds of thousands of dollars every single year from their online sites and blogs?”
Ways To Make Money Online
- Affiliate Marketing
Affiliate marketing is one of the most common and easiest method of making money online. What it means is that you promote someone’s product or service and for every sale that is made as a result of your promotion, you get a commission.
The benefits include that you don’t need a product, you don’t deal with customer supports, you don’t need to manufacture anything, you don’t even need employees. Commissions are often 50% but can run up to 80% or more.
Why are the commissions so high? Well, affiliate marketing is a win-win situation. You as the affiliate do not need to create a product or service and just market. The product or service owner does not need to do any promotion or advertising so all sales you bring him are free money. That is why the owner is willing to give you the largest percentage of the sales you make as an incentive for you as the affiliate to go out and promote his product or service. Like I said, a win-win situation.
How Are Commissions Tracked?
There are literally thousands of affiliate programs that you can sign up with for every type of product or service imaginable. When you sign up for the affiliate program, you get given a unique link that you will use in your promotion campaign. Any visitor who clicks on your unique link will have a cookie (tracking file) placed on their computer, and when that visitor buys the product or service, the affiliate program will know and thus give you your rightful commission.
(Recommended for more info – Pat Flynn on 3 types of affiliate marketing.)
It is entirely possible to make a full time income from blogging. However, blogging is something that will take you a long time, many years even to get your blog to be really successful. Yes, there are a handful of bloggers who make thousands of dollars a month from their blogs. The reality is though, that there are far more people who don’t make money from their blog than those who do.
I see blogging as a way to make money (eventually) from writing about something you are passionate about. That is how most popular blogs today started out. The owner had an obsession, passion or fascination with a topic or a niche or a product and he/she would write about it for days, weeks and months. This passion and obsession leads to a following of like-minded people who will become loyal readers and eventually buy your products, services and affiliate products you recommend to them.
(Recommended for more info – Glen Allsopp on make money blogging).
But…it takes a long time. Count on a minimum of 12 months and more likely 24 months before you start making decent money from a blog. That is not to say that blogging is a waste of time, I personally love it. You just need to have a lot of time and not be doing it for instant money.
- Your Own Product
Although creating your own product and selling it is not the easiest method of making money, it is definitely one of the most profitable ways.
Yes, it will take time, money and effort to create a valuable product that other people want. If you do it right, that product can continue to bring you money for months and years to come.
How would you make money from your own product?
You can create a website for it, you can stick it on your blog, you can email it to your list to name a few.
What is even more powerful is if you create an affiliate program for your own product and have tens, hundreds or thousands of people all putting in effort to promote your product for a percentage of the sale.All you have to do is sit back and watch the money pour in. (Of course the product has to be exceptional so that many affiliates will want to promote it).
- Sell a Service
Are you good at something or do you have a lot of knowledge about a certain topic?
You could sell your ideas, designs or time in form of consultations. You can offer consulting services and charge by the hour and work with clients from all over the world through Skype.
Selling a service is another common way of making money on the internet.
Why You Don’t Need Any Money To Start
If you are new to the concept of being able to make money online, you may think that you need to invest a lot of money to get started.
The good news is that you don’t need to spend a single cent to start building up your own online empire that will eventually make you good money. That is how I started out, and this is how I began:
A little less than two years ago I had no idea about blogs, websites or that it was even possible to make money from the internet.
One day, I stumbled across an ad that claimed to be able to teach me how to make thousands of dollars a month from the internet, working from the comfort of my own ad. I read the sales pitch and heard all the terms like ‘blogging’, ‘affiliate marketing’ etc. This got me curious and spiralled me into a journey of much reading and researching of ways to make money online.
I did not want to spend any money, not even on hosting or a domain. Through some reading I heard about a site called ‘Squidoo’ where you could sign up for free and create as many web pages (called ‘lenses’) as you wanted. I signed up with ‘Squidoo’ and started building lenses.
Slowly but surely I started understanding the concept of affiliate marketing. I signed up with Clickbank (one of the larger digital product affiliate market places) so that I could find products to promote in my lenses. I also signed up with Paypal, a service where you can send and receive money on the internet (and that you can link to your bank account to be able to withdraw money you earned online).
After three months of having started with building lenses and having a good 20 or 30 of them, I made my first sale. I couldn’t believe it. $26 sitting in my account, through content that I created. It put a massive smile on my face (and to this day every time I make a sale it still makes me happy).
After a few months of building lenses I had about 80 of them. At this point I was making a sale every few days through my Clickbank affiliate links. What was also nice is that ‘Squidoo’ pays a monthly royalty for every lens, depending on how well it ranks. (All lenses have ranks and a top 1000 ranked lens would get something like $7 or $8 per month as a royalty and I had quite a few ranking in the top 1000). This gave me a nice income of around $50 per month just from royalties and it was neatly paid into my Paypal account.
During all this time I had continued to learn and read about internet marketing and I decided that it was now time to stop playing around on ‘Squidoo’ and start building my own sites on my own domains. I bought a hosting account on Hostgator for $7.99 per month that allows unlimited domains and I started buying various domains for affiliate products. In those 8 months I had managed to get a nice $500 in my Paypal account (without ever having invested a cent into Internet Marketing) and this money would be used for hosting and buying domains.
From that point on until today, I have been building sites on and off. I lost interest in affiliate sites for a few months because I did not understand how to get them ranking or making money. Recently I’ve started again because I have learned a lot more and understand a lot more about affiliate marketing and search engine optimization (how to get your pages to rank high in Google) and my efforts are starting to pay off.
Contrary to what some people think, I am not making loads of money from affiliate marketing yet. I’m on the level of making between $500 and $800 a month and it’s slowly growing. However, I am convinced that I will be making thousands of dollars a month from my projects within the next 12 months.
The more you work, the luckier you get!
So there you have it. This is my story of how I am building up my online empire and how I will get it making me a full time income within the next year or so. As you can see, it has taken me almost 2 years to get to where I am now, and will probably take another year or more before I’m really at the level where I can say that I’m making money online and living from it.
I am of course just a guide line for what you can expect. You may be smarter, more creative or a harder worker than me and achieve better results than me in half the time. I hope so for you!
The Method Summarized
- Sign up with ‘Squidoo.com’
- Sign up with Clickbank.com for affiliate products to promote
- Sign up with Paypal.com to be able to receive money
- Start building lenses on your favorite content and add affiliate links
Save up enough to be able to pay for hosting and your own domains
- Stop working on Squidoo and start building your own affiliate sites
- Keep on doing this, don’t give up!
*Note* You could skip the entire ‘Squidoo’ process and just buy the hosting and domains. This will cost $96 per year for hosting and $10 per domain per year. I just mentioned the ‘Squidoo’ process because it is how I started and it is how anyone can start without having to invest any of their own money.
If you have $120 to invest I would advise starting straight away with your own affiliate sites because of all the time it will save you. Building lenses on ‘Squidoo’ takes many hours, and I would suggest to rather spend that time and energy on your own ‘property’ instead of someone else’s. (‘Squidoo’ lenses belong to you but of course the site belongs to ‘Squidoo’ and they could delete or remove your content at any time if they so please).
Do You Want Freedom?
I believe that the biggest reason why people want more money is because of the freedom that it will give them. Enough money means no need for a job which means that you have much more time to do what you love.
I entirely believe that anyone can use this method that I have outlined above to build up an online business that will bring them enough money to live off.
Like I said, it will take time. It may take you five years or it may take you just one year.
If you are working a 9-5 job that you don’t really enjoy or if you would love to have more money, why not consider spending an hour or more every day to work on this method? Every word you write stays online and can continue to bring you money for months or years to come. Will it not be better than hanging out at the bar or watching TV for hours every night?
I know that it is not for everyone, and many people do not want to put in the work or effort for so many weeks or months in order to get ahead. I know I want to, and that is why I am doing it.
P.S. If you want an excellent guide that will teach you everything you need to know about building successful affiliate sites that will make you money, I recommend Glen Allsopp’s Cloud Living.
How To Build Your Own Online Empire Without Investing A Cent
Diggy Recommends: Cloud Living – The perfect, no-nonsense guide how to make money with affiliate marketing and blogging.Glen Allsopp wrote it. Glen makes 5 figures monthly. YOU – Version 2.0
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