The Best Way To Make Money Online
By: Marc Guberti
Tags: Work From Home, Work, Money, Entrepreneurship, Freelancing

The Best Way To Make Money Online

Many people are attracted to the idea of making money online. Working from home instead of commuting to a job presents less stress and gives you more flexibility in your schedule.

But with so many ways to make money online, how do we pick the best path for us? While many people will tell you about how they made 6 or 7 figures following a certain strategy, that strategy may not be the best one for you.

Some strategies are also outdated or have a first mover advantage. You can still make a full-time income as a self published author, but doing it in the early 2000s was far easier than doing it today.

We have so many ways to make money online, so rather than pick a strategy someone else recommends, we should focus on what we want to do…and then figure out how to monetize it.

The best way to make money online is to do something we enjoy. While wishing it doesn’t make it so, we can reverse engineer our way to a solid blueprint for making money by doing what we love.

There are a few steps to go from not making any money online to making money doing the work you love.

Step #1: Identify How You Want To Make Money — List your passions. This is your starting line. You’ll love some things on the list more than others. Pick the Top 3 and circle them.

Step #2: Look For Proof Of Concept — Do you like playing video games? Look through YouTube, Twitch, and other platforms to see how video game players make money. It’s important to find someone doing what you want to do and pay attention to how they conduct themselves. Not just how they create content and engage with their fans, but also the business model. Not everyone talks about their business model, but if you see where they spend their time and how they make money, you’ll get a good enough idea of their business model to proceed to the next step.

Step #3: Start On A Small Level — Want to record videos? Just start. Even if you don’t have a microphone, a professional background, or any of the equipment of a professional YouTuber. Take the first small step towards the profession you have chosen.

Step #4: Try A Few Strategies — Once you get started and build up a routine, you’ll pay more attention to people in the industry who do it full-time. Look at the strategies they use and start incorporating some of them into the mix. If one influencer engages with people on Twitter, try it. Instagram might be a better platform for you, or Twitter might become your home, but try them both either way. The only way you learn what works for you is by trying things out.

Step #5: Monetize Your Work — If you grow your audience but don’t monetize, you have a hobby, not a business. At this stage, you probably have heard of a few monetization strategies specifically for your profession. Adopt a similar monetization strategy that leaves some room for customization.

You’ll frequently go back to each of these 5 steps to refine your business model. The greatest rewards come when you keep the long-term in perspective.

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