Whenever someone asks me how to make some extra money, I say use the internet. I tell them to create a legitimate online business.
Sometimes we need to make some extra money but do not have the time or ability to get another job.
This is where the convenience of the internet comes in. Earning money online is convenient and can be passive when set up properly.
I will explain how to earn extra money online legitimately without falling for or resorting to online scams.
How to Recognize Online Scams
Before we get into how to create a legitimate online business, I want to do a quick review on online scams.
Why is this important? The biggest mistake many new internet marketers make is to search out fast money methods of making money online.
The problem is that these types of methods are a HUGE waste of time. When you realize that one method doesn’t make money, you keep searching for other methods.
Over time, you never get anything going and lots of time and money have been wasted. That being said, let’s look at some fast money scams to avoid:
Forex Trading Software
Forex (foreign exchange market) trading is quite popular and often lures in newbie internet marketers with the promise of making fast money online.
Unfortunately, this is not often the case. What to look out for are Forex programs that sound too good to be true.
They often promote expensive software that will magically do all of the trading for you. Remember, there is no such thing as easy money, especially online.
While making money by taking online surveys isn’t necessarily a scam, how they are promoted are.
Creators of online survey products often hype up the earning potential of taking surveys online. You’ll likely see sales pages with people earning $4,000 sitting at home taking surveys.
This is not exactly reality. Most survey sites pay very little per survey taken. The surveys that pay more often have specific requirements to be eligible to take them.
Not to mention that you have to take TONS of surveys before you’d even make an extra $100 a month.
It is not the best use of your time.
Scammy Make Money Online Products
These types of products are everywhere. They are easily recognizable if you know some of the red flags:
- Overyly hyped sales page
- No work is involved (sounds too easy)
- Doesn’t list the product creators
- Tons of upsells for more expensive products
- Negative reviews
Don’t feel bad if you’ve already fallen for a few scammy products. Now you have become better at recognizing them.
The key is not becoming tempted to buy more. Remember, there is no such thing as easy money. Any legitimate method requires work.
How to Earn Extra Money Online – A Legitimate Online Business Model
I’ve been making money online for years but I never made very much because I treated my websites like a hobby instead of a business.
I made a lot of mistakes. One of the biggest was losing focus and jumping from one method of making money online to another.
After being laid off from my previous job, I promised myself that I would create a legitimate online business so that I wouldn’t have to rely on a job.
I knew I had to find training and started researching various online courses. Thankfully, I found what I needed in Wealthy Affiliate.
Below are the four steps to begin creating your online business today.
Step 1: Choose an Interest
What could be more fun than creating an online business around a topic that you have a genuine interest in?
For example, I chose the online business niche. I can talk about this topic all day, every day. Think about a topic that you enjoy, it can be anything.
This step is also referred to as choosing a niche. A niche is simply a group of people interested in the same thing.
The easiest way to choose a niche is by writing down the things that interest you. Here is a quick list of things I like and niche websites that I could create with them:
- Playing my ukulele – A niche site posting ukulele tutorials
- Self Improvement – A niche site posting self-help articles
- Foodie – A niche site posting restaurant reviews / food blog
- Cats – A niche site reviewing cat toys
- Coffee – A niche site reviewing coffee gadgets
2. Build a Website
Contrary to what you may be thinking, building a website is probably the easiest of all the steps. Nowadays, no technical knowledge is required.
Your website will be created around the niche you choose. Getting a website is free and easy. I point people to the free niche website builder called SiteRubix.
I use the SiteRubix website platform for all of my websites. It uses WordPress and uses WordPress web hosting.
Your first two websites are free. Click here to read my SiteRubix review.
Step 3: Attract Visitors
What good is a website without web visitor? Traffic means revenue. The way to generate free traffic is by writing genuinely helpful content for your readers.
Since you are writing around a niche that you enjoy, the content you write will be easy. People all over the world are searching for answers within your niche.
Create content that helps to answer the different queries within your niche. Over time, the search engines will begin ranking your content and searchers will begin clicking on to your website.
Step 4: Earn Revenue
Here is the step that will help you to earn extra money online. Your website will earn income by promoting affiliate products.
This is called affiliate marketing. Affiliate marketing is the promotion of another company’s products in exchange for a percentage of the sale (commission) when a visitor buys a product.
There is no buying of inventory, no shipping, and no customer service. This makes starting your online business extremely low-cost.
Putting it All Together
For years I was stuck in getting my websites to make more money. I didn’t know how to create an online business.
When I became serious about creating a legitimate online income stream, I decided to get the proper training.
Thankfully, I found Wealthy Affiliate’s online business training course.
It has changed the way I build my business and has broken me out of the endless loop of repeating the same mistakes over and over again.
If you are truly ready to create an extra stream of income, the tools and training are there for the taking.
You can start learning for free. WA includes your free website (SiteRubix) and free online business training.
It really is a no-brainer. Click here to learn more about what Wealthy Affiliate teaches.