The world is changing every day we have moved from analog to digital age where virtually everything is going on line from banking to education to buying and selling, yes you buy from Jumia, Konga, Jiji etc to even online exam the Almighty Jamb in those day where they can post you to a center 120 kilometers from home but now you do it online.
Online businesses don’t requires a shop or big building or office you can operate your business in the comfort of your bedroom.
I truly believe that starting an online business is one of the best ways to earn extra money, or even a full time income. You can make a few hundred naira to a few hundred thousand naira a month on the internet using nothing but your laptop!
I personally know people who are making money throughout that income range with an online business, and I’m one of them! I haven’t gotten to the point where I’m making a full time online income yet, but it’s my goal to get there in the near future.
So if you’re just getting started making money with an online business, or maybe thinking about getting started, this article will help you with some solid ideas to start making money online now.
What’s the Advantage to Making Money Online?
Earning money on the internet has huge advantages over a traditional
job. Here are a few of those advantages:
- No commuting to work which saves save money on gas, eating out for launch, day care and expensive work clothes and lot more.
- No mean bosses or irritating co-workers.
- You can work from home, or the coffee shop, or at your favorite beach on the other side of the world. Location doesn’t matter!
- All you need is a computer.
- Work anytime you want to fit your lifestyle!
- In some cases, you can make money while you sleep(we are talking about passive income).
- Startup costs with an online business are generally very low. You can start your own website with your domain name with just a few naira which we can do for you at gettingrichstayingrich.com
Earn an Exponential Income With an Online Business
Most traditional jobs pay hourly or with a fixed salary.
In those jobs, no matter how much you work, your income potential is limited by the number of hours you can physically work, or by your inability to earn more than the salary you agreed to.
But when you earn money online, there are so many more ways to earn exponential income! Making money doesn’t have to be tied to how much time you spend on your business. When you have the right online business model, you can literally make money while you sleep!
7 Ways to make six figures online
Below I’ll show you some of the best ways you can earn an unlimited income online. I’ll also show you other ways to earn money online that are good for making substantial money, but don’t necessarily have the potential for exponential income.
Either way, working online beats having an 8 a.m to 5 p.m job.
1. Start a Blog
Starting a blog is an awesome way to make money online from home! The startup cost is minimal, and the income potential is unlimited.
I know bloggers who make a few hundred of naira a month on the side to supplement their income, and love it. I also know bloggers who turned their passion into a full time business making well over N6,000,000 a month!
Starting a blog is not very hard, but it does take a little time to get started.
If you need help with this getting rich staying rich group is here to help.
2. Become a Freelance Writer
Freelance writing is an excellent way to make money with an online business. You don’t need experience to get started. Heck, you don’t even have to be a great writer!
There are plenty of freelance writing jobs available even for beginners. Where do you think the hundreds of millions of internet sites get their content from?
Freelance writing jobs range from writing in-depth, highly researched articles with thousands of words, to writing a few clever words of copy for an Ad.
There are tons of writing niches available. Although you don’t have to stick to just one. Here are some of the more common ones.
- Technical writing
- Video Scripts
- Magazine articles
- Ghost writing
- Writing for companies to promote products and services
- Self-publish your own books
- Blog posts
- News writing
- And plenty of others!
If you’re willing to work at it and build a reputation, it’s not unusual to make a six-figure income as a freelance writer.
Holly Porter Johnson consistently earns over $200,000 a year working as a freelance writer. She’s self-employed, makes her own schedule, and even better, she can show you how to build your own
freelance writing business!
Holly’s popular online course, Earn More Writing, is an awesome way to learn how to make a six-figure income online as a freelance writer.
3. Start an Online Store
There are several ways you can start on online store where you can sell a variety of products. It doesn’t matter if you want to sell digital or physical products, either can be quite lucrative! You can set up a store with Amazon, Ebay, Shopify, Jumia, Konga among others and start making money in a relatively short period of time!
4. Create and Sell Online Digital Products
The great thing about selling digital products is that there is almost no overhead. Whether you’re selling an online course such as Udemy and Alison online courses, stock photos like Pixabay, Shutterstock and the rest , or anything else, there is typically very little cost involved, so your profit margin can be huge!
5. Online Courses
Most everybody has special knowledge or skills they can teach to someone else. Whatever your unique skills are, you can teach them to other people in an online course!
No matter what skills you possess, there is always someone who wants to know how do what you know how to do.
By breaking things down to a step by step process, you can teach people pretty much anything, including:
- How to create excel spreadsheets
- Software Coding
- How to start online business
- Childcare techniques
- How to start a blog
- How to train a dog or other pet
- How to lose weight in few days
- How to make your own clothing
- How to cook different kinds of soup
- And anything else you can think of!
You can definitely make a good part time or full time income online with courses. You can do especially well if you build a reputation for quality courses that create plenty of value.
Best of all, it’s mostly passive income! Once you publish your course, you can sell it for years on end without having to do much else!
There are a plenty of sites where you can host an online course. Each one has its own unique features, so choose the one that works best for your situation. Some of the most popular sites to create courses are Udacity, Coursera, Udemy and Lynda.
6. Create and Sell eBooks
This goes hand-in-hand with the freelance writing idea I mentioned above. These days, you don’t have to be an experienced writer to publish a book. All you need is an idea and a laptop and you can create an online business!
You can write anything you like, from children’s stories, to fiction, to self help books. It’s all up to you and your imagination!
Once you have your book written, you can upload it to any number of online publishers to make it available to the public. I published my book on Amazon’s CreateSpace and Gumroad.
It’s not too difficult to do, but it takes a little time on the front end. Once your book is uploaded and available, then you can make money from your book without a lot of extra effort!
You’ll need to do some marketing and promotion to help it sell more copies. But you will only have to write the book once, and let it generate online income for years to come!
Some of the most popular digital publishing platforms are Create space, Amazon KDP (Kindle Direct Publishing) and kobo writing life.
7. Sell Services Online
Your online business doesn’t necessarily have to sell products. You can also sell services!
Speaking of teachers, you can also teach and/or tutor online. This is a great way to get out of the classroom and work from home providing one on one instruction.
You can provide instruction in pretty much any subject needed, right from your computer! If you’re an experienced teacher, this online business will be relatively easy and enjoyable too!
Think about it- instead of trying to wrangle 22 kids into one room and teach. If you need help with any of these send us a mail at firstname.lastname@example.org