We’ve spent a lot of time talking about the unethical ways to make money online, in the hopes of discouraging anyone from using any of these tactics. Doing things legally and ethically is the only way to create and maintain a successful business. Sooner or later the Blackhat and illegal techniques will catch up with you, and you could lose everything.
The big benefit to working through Amazon Kindle Direct Publishing, even though they charge you a commission on your sales, is their reach. Around 89 million Americans are said to be active ebook readers. That’s your potential audience, all those people visiting this site and browsing for a new book. It could be your book they find when doing a search on a related keyword. In fact, 38 percent of daily sales of ebooks on Amazon go to self-published titles.
Here’s a good example of how lead sales can work in real life: My second website, Life Insurance by Jeff, brings in a ton of traffic from people who are searching the web to find answers to life insurance questions. While I used to have the website set up so I could sell these people life insurance myself, it was a lot of work to process all the different requests and clients. As a result, I started selling the leads I gathered instead.
Most platforms follow the process that will ask you to apply by filling in a simple form, and then a teaching demo will have to given their experts. Once selected, documentation and profile creation will be done, followed by training and induction webinar. Once you attend the webinar, you will be listed as a teacher and will get your online sessions to conduct. Beginners can make around Rs 200 per hour, which can increase to Rs 500 as you gain experience and expertise.
6. Spam callers. Good grief, I got so many calls from insurance agents, realtors, and nutritional supplement sellers. These must be desperate times, if they want to pay just to be able to talk to possible clients. This was also easy money for me, since they were the ones who wanted to do the talking. I just let them be. I never bought anything… usually. I did get a nice set of kitchen cutlery once.
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I say that, because I remember really taking the lessons on research and how-to writing style to heart. Implementing them saved me 100s of hours of wasted time…you know the kind of time where you spend 10 hours aimlessly searching the net for some nuggets of gold to inspire your writing on a certain topic and then 5 hours trying to write the first 2 paragraphs!
Writing quality content is the only way to create your brand and make money in a legal and ethical way. When you write useless eBooks that are full of keyword stuffing, broken links, or references, not only will you lose your ranking with Google over time, but you may also receive terrible reviews on Amazon or Audible for the low-quality content. Anything you write or put out to the masses should be the highest quality possible. The content you write in any form reflects on you and your brand and website. So make sure it is good content and not meaningless text.
Once you have that problem or need nailed, the next step is to validate that idea and make sure you’ve actually got customers who will pay for it. This means building a minimum viable product, getting objective feedback from real customers, incorporating updates, testing the market for demand, and getting pricing feedback to ensure there’s enough of a margin between your costs and what consumers are willing to pay.
As someone who's been immersed in a number of online industries for quite some time, I know a thing or two about what it takes to succeed in this arena. However, just like you, I started at ground zero with little knowledge, but a great deal of passion. What I learned along the way were some invaluable lessons from failure that hurt at the time, but helped immensely in the grand scheme of things.
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And while it will take time to build up a big-enough audience to attract advertisers and other ways to make extra income from your podcast, the opportunity is there. John Lee Dumas interviews entrepreneurs seven days a week for his podcast Entrepreneur on Fire and now makes more than $200,000 a month from it. In fact, John publishes all his income online and showed that he’s made almost $13 million since launching in 2012.
Counterfeit products are still rampant on the internet today and buying and selling counterfeit products can be very lucrative. It is also very illegal. Legitimate companies create goods that they want to sell and promote online. Then illegal companies or individuals in China and other locations create an imitation product to compete with this legitimate product. This creates a clear disadvantage for the original product owner, and they can sue for damages if you try this unscrupulous tactic. If you are an online seller, avoid this practice always. Always check out the authenticity of the product before selling or promoting it.
Then once you’ve got your domain name and hosting sorted out, it’s time to pick a CMS, or Content Management System, that will let you update pages, build your blog and integrate with all the other services you need. It’s hard to go wrong with WordPress—the CMS powering close to a quarter of the internet. Keep in mind that eventually as you start growing traffic to your blog, you'll be wise to invest in a managed WordPress hosting plan, where all of the settings are custom-tailored and optimized to work particularly well with WordPress-powered websites.
I haven’t done so well with Smashwords, but I suspect it’s partly a matter of chance. I base this speculation on the fact that some of my ebooks do better on Nook and others on Kindle, even when I don’t promote them at all, so any particular ebook must get better or worse placement in the search results for each platform for reasons that won’t always be decipherable.
Mechanical Turk is Amazon's take on micro-jobs. These are small miniscule-jobs that you can do for other people, which they call HITs, or Human Intelligence Tasks. These are super simple tasks that anyone can do. Some examples are listing off some URLs with certain kinds of images for one cent, or recording a few phrases with a microphone for 6 cents.
While Etsy is fantastic for handmade goods that you’ve already created, if you’ve got killer designs that would look good on phone cases, t-shirts, or even wall hangings, pillows, and duvets, you can sell them on Society6 without paying anything to start. Society6 lets artists upload their designs and create their own shops where they choose what products their designs can be used on. That means one design can be used to make a whole range of awesome products that are printed and shipped on demand whenever someone buys from you. With top creators making thousands every month just from selling their designs.
Find a profitable niche: We’ve talked about this a lot. But, where are you most comfortable. What niche do your skills, values, and interests intersect? Do you have 10 years of experience as a technical writer? Do you have long-standing PR relationships that’ll be invaluable in helping startups launch a successful crowdfunding campaign? Determine what makes your value unique, and lean heavily on showcasing that strength to your potential clients.
Then I connected with Princess Meggerz. Giving her age as “late 20s,” she lives in Brooklyn, seems forthcoming and down to earth, doesn’t take herself too seriously, and rakes in over $200,000 a year -- all of which she claims on her taxes. Her haul comes via cash and gifts from men who are happy to grovel online, fulfill Amazon wish lists, and send money via Western Union, all without meeting her IRL. They usually find the Princess through her website, meggerz.com, which commands, “Pay to obey.”
Self-published authors have had big success in recent years. Take Hugh Howey, who sold a series of science fiction books through Amazon’s Kindle Direct Publishing. At one point, he was selling 20,000 — 30,000 copies a month, which generated $150,000 in income monthly. Amanda Hocking, who writes “paranormal romance” and fantasy novels, has sold well more than a million books on Amazon, generating over $2 million in sales. That's proof that you can make money self-publishing on Amazon.
You see, what the big publishing houses do with big offices of editors, writers, administrative staff… and then big printing presses… then distribution centers to get their books out to bookstores around the country… all to hopefully get books in the hands of customers… you can do on the computer you have right now. If that’s not massive disruption, I don’t know what is.