First of all, let’s explore some ideas on what opportunities may be suitable for you and how you can strategize your way to build your online income.
Blogging is one of the easiest models that someone can attempt. Almost anyone can become a blogger. Even those who can’t write (picture blogs).
Strengths: You can blog about anything you want! Focus on your passion and share your thoughts with the world. If you have great content, people will come to your blog and you can monetize through advertising or affiliate programs.
Opportunities: You may not be able to see yourself making money at the start but to offset that, you can blog for others (for a fee) or even sign up for PAY PER POST and get paid for blogging!
Suggested Course Of Action: Register a personal domain name now! This is very important because the most important person in the world is YOU and getting a domain after your own name is the most important thing you must do. Then you can start blogging about yourself.
Affiliate marketing is one of the most lucrative models on the Internet. You can promote other people’s product and get commissions for your efforts without seeing a single customer or talking to anyone.
Strengths: You don’t even need a domain name or a website in some cases. You can earn huge commissions from up to 50% to even 100% commissions! You don’t need to focus on creating products – just drive traffic to the merchant site and watch your income roll in (if you do it right of course).
Opportunities: There are unlimited opportunities because there are always new products coming out each day and affiliates are needed everywhere!
Suggested Course Of Action: Register as an affiliate at Commission Junction, Clickbank or Amazon. Find good products to promote – especially those with good ‘gravity’.
Online Network Marketing
If network marketing is your cup of tea, then you must learn to explore new opportunities by promoting network marketing programs on the Internet.
Strengths: Similar to affiliate marketing, you don’t need to see anybody and promote your programs online. You have the entire world’s Internet users as your prospects for your down line groups.
Opportunities: You can easily recruit more people online compared to doing something offline (where you are limited by time and space)
Suggested Course Of Action: Sign up for a network marketing prospecting system that will help you to generate lots of fresh leads while making money at the same time.
Niche marketing is a term people use to refer to niches that people can target to make money online without focusing on ‘business opportunity’ or ‘make money’ niches (like Internet marketing or network marketing).
It targets niches such as self-improvement, dog training, gaming, movies or other things that do not fall into the category of money-making niches.
Strengths: You can focus on your passion and become an expert in it. Let’s say you are an expert at mountain biking, then talk all about it and monetize from this niche alone.
Opportunities: Niche marketing opportunities are ENDLESS. All you need to do is find a niche you can excel in that nobody else is targeting (of course, this is very rare but a lot of niches are not that congested).
Suggested Course Of Action: Do a search on Google for “YOUR NICHE” FORUM (Example: if you are targeting the gaming niche, type in “gaming forum”) this will be your market!
The fastest way to make money online – offer your services as a freelancer based on your core competencies and earn money immediately by cashing in on your expertise!
Strengths: Fast and good money if you have the right clientele. In fact, this is one of the fastest ways to quit your full-time job – just become a freelancer and be the boss of your own time!
Opportunities: Writers, graphic designers and other talents are in demand especially on the Internet.
Suggested Course Of Action: Go to E-lance and look for work there.
The most popular niche online – mostly related to teaching others how to make money online or business opportunity niches.
Strengths: There is a huge hungry market here looking to find the holy grail of making money online. If you have a product that can help them to make money, save money, save time, save effort or generally run their business for them, then you have a huge market here.
Opportunities: There are lots of niches like resell rights, private label rights, product creation, search engine optimization and many more – you just need to find which market you are more comfortable with.
Suggested Course Of Action: Go to Make Your Living Online and learn all about it.
Now that you have discovered a few business models you can work with, you must get started immediately! But you may get stuck with idea – which option to choose and how to start all over from scratch.
Do I need a Mentor?
To break the threshold and to get success you must remember the famous quote:
Doing the Same Thing Over and Over Again and Expecting Different Results… Albert Einstein
Without setting goals, you’ll most likely stagnate or go backward. You may feel tired and fail again and again. You might not able to generate enough revenue to scale up your business.
Also, you need to understand the vicious circle of buying shiny objects & to avoid quick rich schemes. All these understandings may take a lot of time, money and energy. Moreover, by the time you learn the latest updates to grow your business, new business growth tools appear and this learning becomes obsolete.
There are thousands of people coming on the net every day. Just 5% of the people in business have success. The other 95% struggle to survive. When you want to be a success in business you cannot do it by struggling on.
Once you have your mentor, listen to him. Do what it takes, stay focused.
I am glad that I have a great mentor in John who learned by experience. He is a self-made millionaire and is for people who want to become wealthy and abundant and attract success instead of chasing it.
So if you really want success in your life I invite you to attend a free session by John.
This is a guest post from Sanjay Mishra, if you would like to be considered for a guest post please contact me.