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Written by David Seah on August 29, 2016
You’re reading this because you have a desire either to generate extra income, or to fulfill a personal dream of travelling while earning a living from anywhere in the world.
Let’s be frank.
Only 10% of people who have this dream will actually succeed.
Are you one of them?
If you’re in the minority, it would be a wise idea to start on one of these ideas right now, and once you generate enough income, you can then bid your boss farewell.
It must be said that for most people, making a lot of money from any online method is going to take at least a few months, but could take a year or two (it is precisely at this point that the 90% will give up, as they want instant gratification instead of working hard to earn something).
If you’re part of the 10%, the good news is that you can start building your dream future right now.
First start building an email list
Before we start talking about ways to make money online, and no matter which method you may choose to use to achieve your goal, you should know that starting to build an email marketing list is essential, and you can start this very day, without owning a website.
If you’re a complete beginner to digital marketing, an email list is a list of email addresses of people who subscribe to something a business offers. Here’s a typical sign-up form on a website; I’m certain you would have seen a few on your Internet browsing journeys:
The average ROI for email marketing is $44:1. For every $1 you spend on email marketing, you can expect a return on investment of $44.
In addition, 42% of businesses list email marketing as the top online marketing method to generate leads.
Why is it so powerful? Because it’s a way of reaching potential customers and building relationships that are based on trust. Online marketing is all about building trust by demonstrating to your audience who your brand is, what it stands for, and how it brings solutions to people.
Because online involves no face-to-face selling, your marketing strategy has to incorporate trust-building methods. You need to establish a relationship with your potential customer before attempting to sell them anything.
Any of the four methods to make money online will benefit from an email marketing list. So get cracking on this one first, and then decide exactly how you’re going to make money while travelling:
Method 1: Become a virtual freelancer
Is there anything you’re good at that you can use to make money online, by freelancing? How about if you adapt something? Or can you learn a new skill?
Ideas for freelancing online:
- Write blog posts or website content for website owners
- Offer graphic designing
- Software development
- Film maker
The great part about freelance work is that it is not limited to anything, it is categorized by any work you can perform that can be delivered via the Internet.
If you are good at writing, there is a plethora of opportunities to make money online, specifically since the majority of information on the web is written.
There are many websites that provide platforms, of which you can advertise yourself, apply for jobs of all sorts and create your portfolio. This gives you a great advantage at marketing your skills. The most commonly known are Upwork, PeoplePerHour and Fiverr.
If you don’t have a portfolio of work you can show yet, start getting clients by offering cheap services. Over time, and once you’ve built somewhat of a name for yourself, you can increase your price and get better paying clients. Learn more by reading this awesome freelancing guide.
Method 2: Start affiliate marketing
Affiliate marketing as a method to make money online, can be exceptionally lucrative. Essentially what it is, is promoting other people’s products or services for a commission.
There are so many ways to approach this method, but the first step is deciding on which niche you’d like to delve into.
You can choose to sell physical products, or strictly digital. If you choose physical products, you won’t need to actually handle them or ship them; that’s all done by the company who offers the affiliate program.
The recommendation is that you start with a niche whose target audience you already understand, because this will remove a large portion of the work you’d need to do to succeed.
The next step is to find an affiliate program. You can do this by joining directly through the affiliate program’s website or by signing up with online marketplaces such as Clickbank. Within these sites, there is no limit of what you can choose.
Method 3: Deliver virtual office support assistance
Online businesses are growing rapidly, and the majority of people are searching for different ways to get more things done by investing less of their own time.
Owning an online business – whether it’s an offline company who has a website, or whether it’s an entrepreneur making money through blogging – can be exceptionally complex. Many entrepreneurs don’t have all the skills needed to successfully manage all the tasks they need to juggle.
This is the reason why the demand for virtual assistance is increasing.
This Google Trends chart shows increasing interest for the search term “online office support”
As a virtual assistant, you may be needed to update blogs, create posts for social media, perform office support duties, project management, etc.
Start offering your services on freelance sites like Upwork, Guru and PeoplePerHour.
Method 4: Become a blogger
The top blogging websites in the world, generate an income of up to $30 000 per day. No, you won’t be able to make the same amount anytime soon, but if you start today, who knows what 7 or 10 years down the line will bring…
What’s key about starting a blog, is understanding your goal, and choosing what your blog is going to be about.
The blogs who make the most money upload hundreds of articles each week, so you’d need to consistently update your website by posting articles (don’t panic: one to two articles a week is fine).
With blogging, you can make money in various ways, but you will only ever make money when your blog generates a lot of traffic, and the only way to do that is by starting a blog.
Only 10% of people achieve their goals.
If you’re one of them, start building an email marketing list. Then use your email marketing list to make money online, from anywhere in the world, using one of these four methods:
1. Offer virtual freelancing services
2. Try affiliate marketing
3. Deliver online office support help
4. Use your blog site to make money