How to Make Money From Home [Business Edition]

If you want to know how to make money from home, then here are some ideas. Keep in mind that not all of these ideas will work for you. Some are more suitable for certain people with certain knowledge & skill sets. I’m going to outline 7 different ways to make money from home. Before you jump into any one of these, you will want to do some further research in order to know what it takes to succeed with each one. So let’s get to it.

1. Make Money with Your Own Info Product

Instead of selling physical products, which can be a headache, look into selling info products. These are basically informational ebooks. The main reason for going this route is that your cost of producing these ebooks are next to nothing. Since nothing is physical, you can send out thousands of copies at practically no cost. So what kind of info products should you create?

Well, if you happen to know how to do something that many people would like to know, you can create an ebook out of it. For example, if you were once overweight & figured out how to lose the fat, you can share your experiences with others. Many people are desperately looking for answers on how to get the body of their dreams. Maybe you were once in deep debt & found a way to get out of debt. If that’s the case, you can outline just how you did it & sell that information to other people. Or maybe you’re great at finding deals & happen to know all of the best sites to get the best deals on just about anything. If that’s the case, you can compile a list & sell that info.

What if you don’t have any expert knowledge or experience? Well, one thing you can do is to interview someone who is successful at doing something that you know other people would like to know how to do. From there, create an ebook out of it & sell it.

Here are some steps to take:

Research the Market

Make sure there is a demand. You might be an expert at making pants of G.I. Joe action figures but if no one else is interested in it, you won’t be able to sell that information.

Look at the Competition

Some markets are just a bit too competitive to be in. Take the weight loss niche for example. How many companies & products do you know deal with this? It doesn’t mean that you can’t be successful in highly competitive markets but it will take a lot more work & time.


Create the Actual Product

There are programs that you can download for free that will convert a normal Word document into a PDF file which you can then use to sell.

Create a Site

You will need a platform to sell your ebooks on so you will need a website with a good landing/sales page. If you’re not good with writing copy, you can always hiring someone else to do it for you. That or you can just experiment & learn what works better through trial & error.

Create More Products to Upsell

In order to increase your income, see if you can come up with more related ebooks on the subject. People who have already bought from you are more likely to buy more from you.

2. Make Money at Home Through Monthly Subscriptions

This will basically be a membership site where people will pay a monthly fee in order to have access to information that you put out. This can be weekly lessons on a certain topic, some kind of service that you provide, or releases of actual products. The great thing about subscription based sites is that you will be able to make ongoing monthly income. The downside is that you need to provide more than what your subscribers are expecting. That way, they will continue to stay with you.

A great example is The Keyword Academy. They provide product & service that internet marketers like me are willing to pay for each month. Why do I continue to be a member even after I know exactly what to do in order to succeed online? The reason is because they give me tools that save me a ton of time & at the same time, speed up my results. Not only that, the continually come out with better things & help keep me in the loop with the ever changing world of internet marketing.

The more you charge per month, the more value you are going to have to provide to your subscribers.

3. Making Money From Home Flipping Websites

This is similar to flipping real estate. The basic concept is to own a site & sell it for a profit. There are two ways to go about doing this.

Create & Sell

This is where you create a niche site from scratch meaning you put some content on it, make the site look nice, & drive a bit of traffic to it. From there, you can sell it to people who don’t have time to build a site from scratch & would rather pay for an existing site.

Buy, Polish, & Sell

This is where you buy an existing site that is underperforming, build it up, & then sell it for more than what you paid for it. Most website owners don’t really know what they are doing in terms of driving traffic & doing basic SEO work. So if you know how to do these things, you can look for sites for sale that have potential, buy them, apply SEO tactics to drive traffic in order to increase the site’s value, & then turn around & sell them for a higher price.

4. Making Money From Home with Ebay (Buying Stuff Offline & Selling them Online)

I’m sure you know that many people make money from Ebay. Anyone can sell things on Ebay but not many can actually make a living with this. The reason is because they run out of items to sell. So how do you go about making a decent income with the popular auction site?

Buy & Sell Collectibles & Antiques

Have you ever seen those antique shows where people bring in their junk to get it appraised by an expert? Many of them find out that their “junk” is worth a lot more than what they paid for. If you can become an expert in certain collectible & antique items, you will be able to spot a good deal when you see it.

One thing you can do is to start studying the completed listing prices on Ebay for certain products to get an idea of what the going price is. From there, you will have a good idea of the maximum amount of money you should pay for the item in order to make a profit when you sell it. The key to success with this type of Ebay business is to buy cheap. You can run ads in your local paper or even on Craigslist to let people know you’re buying these particular items. People are always looking to sell their “junk”.

You can also find many antique items & collectibles at yard sales or even auctions. Most people don’t really know how much these types of products are worth so if you do, you can pick up a great bargain. I actually knew a guy who sold antique toys on Ebay. He only did this part time but was able to bring in anywhere from $3k – $5k a month. What helped him to do well was this extensive knowledge on the going prices for particular items in his niche.

Once you have the products in hand, you don’t have to sell them Ebay only. You can also sell them on Craigslist or Backpage.com or even on your own niche website if you have enough inventory to make it worth it.

5. Make Money Online with an E-commerce Business

An ecommerce is basically a business where you sell physical products. You will either be buying & shipping these products out yourself or use drop shippers. So what’s the key to success with this type of business? Buying things cheap.

In most situations, you will have to buy in bulk in order to get a low cost per unit. You can buy products wholesale or use sites like liquidation.com to buy products that are being liquidated. You can also go to thecloseoutnews.com to find wholesale deals. Keep in mind that just because you can find great deals, it doesn’t mean that there is automatically a demand for it. Make sure you research the market as well as the competition.

A safer way to sell products is through dropshippers. This is basically a setup where you get the customers & the dropshipper will ship the products to your customer. The customer pays you directly & from there, you give the dropshipper their cut of the profit. By doing business this way, you won’t have to buy & stock tons of products. A couple of good sites for this is Worldwidebrands.com (good for connecting with wholesalers as well) & DOBA.com. You will need to have a business license in most cases to be able to get real wholesale prices. Be aware that there are many scammers out there who will sell you a list of wholesalers who aren’t really wholesalers at all but middlemen. The sites I mentioned are some of the most reputable places to connect with real wholesalers.

You will want to market your business through traditional means such as ads as well as using SEO tactics as well in order to get organic traffic. You can also use Adwords to advertise your site as well.

6. How to Make Money From Home with Affiliate Marketing

Affiliate marketing is probably one of the more popular ways to make money from home. The main reason is because you’re basically promoting other people’s products. You don’t have to spend any time creating your own stuff. Everything from refunds to customer service is handled by the owner of the products you’re promoting. You get a cut from everything you sell.

So how do you actually make money with this method? Here is what you will need.

Finding a Niche/Product

Here are some of the top sites to find products to promote: Clickbank.com, Shareasale.com, CJ.com, Linkshare.com & Amazon.com

There are certain numbers you will want to look at such as companies with an EPC of at least $20. From there, you will want to look at demand & competition using the guidelines taught at the Keyword Academy.

Create a Website

You will need to get hosting & a relevant domain name in order to have a place to send traffic to.

Capture Leads

Instead of sending your visitors straight to your merchant’s sales page, consider capturing their email address with an email responder such as Aweber & Mailchimp. You can do this by giving away free information. The reason for doing this is to build trust & increase the likelihood that they will end up buying. Once you build a large list, you can continue to sell to your list of subscribers since once they buy something based on your recommendation, they are likely to buy more products that you recommend.

Some Tips

- Choose products that have more than one merchant. This way, if the affiliate program you’re using shuts down for whatever reason, you will have a backup.
- If you use Amazon to sell actual products, go for keywords that involve a brand & model of a product. These generally have a much higher conversion rate & are typically easier to rank for in the search engines.
- Aim on ranking for long tail keywords first in order to build some authority before going for the harder keywords.
- If you’re going to promote an info product, choose something that you would actually use yourself. This just makes writing about & recommending the products easier.

7. How to Make Money From Home with Adsense

This method is one of the most popular ways to make money online. The main reason is because it’s so easy to setup. All you need to do is to create a website & stick a piece of code into your html in order to display the ads. Of course, putting up some ads on your site & actually making real money are two different things.

Here is what you will need to make some serious money with this method.

Keyword Research

You can’t just start a website or blog about anything you want. You will want it to be about a topic that actually has enough demand to create a business around. Along with finding the demand, you will also want to gauge the competition as well.

Create a Website

You need something to point traffic to. It’s way better to have your own website. Don’t use free sites like Blogger because it can be taken away from you for no reasons at any point. Learn how to do proper onsite SEO in order to have an advantage over 90% of your competitors.

Drive Traffic

Just like with most of the other methods of making money online from home, you need to have traffic. This can be done through article marketing, social marketing, advertising, etc.

So there you have it, 7 ways on how to make money on the internet from home. Obviously, some of the things I discussed aren’t in too much detail which means you will have to do some more research on your own but at least you have a general idea of what needs to be done.

Now since getting traffic is the cornerstone of many of these methods, it will be to your great advantage to join the Keyword Academy in order to learn some of the best tactics to get your site ranked highly in the search engines. With that knowledge, you will have a much greater chance of success in making money from home.

Conclusion

Knowing how to make money from home & actually putting what you know into action are two different things. Working from home is great because you can be your own boss but it also takes discipline to build a successful home business. Make sure your plan includes a daily to-do list which should really only include the top 2-3 things that are critical to your business’s success. If you can focus on the few important tasks each & every day, within a few years, you should be able to be in a position financially that most people can only dream about.

Posted in: Internet Business