Earn Dough Online Is Not Easy or Quick

Recently some friends asked me to help them make money online.  I sent along a few blogs before we were to meet and they asked:  ” Why are you sending us blogs, we want to make money online? ”

So I thought I would do a post for them to earn dough online and others who have thought about it but weren’t sure which direction to go in. There are at least 6 that I can think of myself. Maybe you can add more to this list.

1. Sell Your Own Products – If it’s truly your product from design to finish you would need a patent, copywright, etc. It can be timely and costly to go this route but in the long run may be the most profitable to earn dough online.
2. Sell Others Products - You could sell someone else’s products. You would have to research and see where there is a need.
3. Drop Ship - This is great way if you don’t want to carry inventory or ship yourself. The downside is you are at the mercy of your supppliers.
4. Affiliate Programs - Another possible way to sell – The profit margins are small but you could easily set up a blog and website and start selling a few items this way. The affiliates are endless too.
5. Sell e-Books - You could sell an e-Book – sell what you have learned and help others through your eBook.
6. Paid Ads – You can have ads on your blog or website. You can use GoogleAd Sense or SocialSpark as well as direct ads or sponsorships.

Selling your own products would mean you would be coming up a with product, having it made and patented. You would have to know that it would be something that would sell.  You would need attorneys. You would need someone to manufacturer the products. Then people to pack and ship them. But it is a great way to earn dough online.

Selling others products would be easier. But what would you sell? You could do research online through Think Insights. Another one I really like and use often is Google Insights. You can see the trends on how much people are searching for items and what keywords they are using and which ones are trending up. It can also tell you in which states of the country as well are searching the most. You would have to find suppliers and decide if you would keep inventory, ship yourself, and bill people or take credit cards and paypal.

Drop shipping is another method. You would not have to keep any inventory and you would not have to ship. This is the method we do with our storesonline websites. You do get charged for each item that is drop shipped. Fees vary from $1-$5 each. You can have access to tracking to pass on to your customers which is in demand these days. Some suppliers provide inventory reports to you or give you access to a “dashboard”. I prefer the dashboard method so you can check anytime on inventory. With an online store you should look for credit card processors that accept all forms, Mastercard, Visa, Discover and American Express. The first few months we did not have American Express and lost some sales due to that. Of course PayPal is another must too. This is a viable source to make dough online.

The next method is affiliate programs. We have started that this year through Linkshare and love their selection of stores. They have thousands to choose from. You can click on my affiliate link below to check them out. This method takes time to build up and make your self some dough online. But it can be a nice stream of monthly income.

But if you like us live in a state such as Rhode Island there is something you should know before you earn dough online. I blogged about this before, the Nexus Law. You have to pay taxes on these in 10 states and some affiliates do not like to do business in these 10 states. So do check that out. We have found some that some do and we are starting to have some success with it. We have found products that make sense for our websites. It has me thinking about doing more websites in the future. You can place banners, text links or actual products into websites through their program. Stores pay anywhere from 4% to 20% commission on anything sold.

Paid Ads – Of  course you could have paid ads on your blog. You can have these ads through Google Ad Sense, Social Spark, Amazon Associates or direct from retailers that love your content. That is why a blog is so important in selling online. You need content to attract an audience. 

The last method I know is e-Books. I have seen many bloggers selling e-Books with success on their websites. The problogger offers this one on their website for bloggers. So if you can offer valuable information via a blog you may want to consider making an e-Book to give-away for subscribers or to sell one to earn dough online.

None of these methods will earn you money overnight. It takes time to make dough online. You have to provide content through a blog, be on various social media channels, be in online communities, advertise offline and revise your methods constantly along the way. It takes hard work. You really have to have a passion to do it.

Which methods have you found to be the best way for you to earn dough online?