Side Hustles
Do you need to make more money on the side or eventually quit your 9-5? Are you living paycheck to paycheck? Or do you just love money and want more of it? Do you want to take more vacations and spend more time with family? Luckily there are lots of ways to make extra money online these days. Unfortunately, there are so many ways to make money online, that it can get overwhelming very quickly. We’ve done the research and have found the best way to make money online in 2022. We haven’t only researched it, we run an affiliate marketing business from the comfort of our home.
Affiliate Marketing
This is the path that we have chosen for ourselves to bring in extra income. We’ve found it’s the best way to create multiple income streams. You can download the free E-book about why it’s Best Online Business to start in 2022. For starters, you don’t need a ton of money to start, a degree or technical experience.
What is affiliate marketing? It’s a legitimate industry where you promote another company’s products and get paid commissions on those sales. The average affiliate earns $154,700 a year. Top affiliates earn six figures every month. You can choose to promote something that you love, make your own hours, and work from home.
You’re probably asking, how much work will this take? The answer is, you can work just a few hours a day. The best thing about affiliate marketing is that it can just be your side hustle, or it can become your full time job, replacing or even doubling your income. It’s all up to you. You’ll just need your smart phone, laptop, internet connection, motivation and determination.
How to start your affiliate marketing business STEP BY STEP:
- You will need the right training and mentorship and the great news is, you can learn the same way we did here. You will learn the step by step process of setting up your business to get it off the ground in just a few weeks! They go much more in depth than I’m about to below…
- Sign up to be an affiliate for your favorite brands. You can go directly through your favorite brand’s website or sign up for an affiliate marketplace. On these platforms you can apply to many different affiliate offers all in one place.
- The best way to bridge your traffic to the sales website is through a sales funnel; a simple and easy to create web page you can build. Don’t worry, the one we use has a free 14-day trail so you can test out their made for you funnels. Within your sales funnel, you will collect prospects’ e-mails so that you can follow up with them.
- You’ll also need to set up an e-mail autoresponder. The one we use has a free version so you can set up your account and create a set of e-mails that will automatically follow up with your leads. Do not skip this step! You would be missing out on 25-35% of sales.
- Drive traffic to your offers through social media or paid advertising and collect commission. Of course this is an oversimplification, this step very well may be the most important step of them all.
We’ve heard a lot about affiliate marketing being easy and here’s what we have to say about that… It really depends on how much effort and work you want to put into it. You have to complete all the steps above and keep driving continuous traffic. Driving traffic through social media may come naturally to you, but my guess is that the majority will have a learning curve with this. Writing copy for your sales funnel and e-mail swipes could be a challenge or the copy could be provided by the company whose offer you’re promoting. Pick an offer with an affiliate support page!
Other Ways to Make Money Online
There are a ton of ways to make money online and here are the next best and legitimate ways that we have found.
Print on Demand
How Do you start a print on demand business? First you will need to set up an Etsy Shop. Then go to Printful and link your Etsy account. You can also do this with shopify, amazon and many other stores. Printful provides a list of platforms and marketplaces that you can link with. On Printful you can design so many products; clothing, puzzles, wall art, water bottles, stickers, the list goes on. Create your designs on Canva and buy mockup photos on Etsy. Once you get an order through your store, Printful prints it on demand and ships it to your customer. Rinse & Repeat.
Text Broker
Do you enjoy writing content? Go to Textbroker.com/authors. Get paid to write content when you want. You can choose from thousands of orders already placed on their site.
Amazon FBA (Fulfilled by Amazon)
How can you make money with Amazon? You can do retail arbitrage, which is finding products on clearance at Walmart or Marshall’s and selling them on Amazon for 3x more. Or you can do private label, which would mean ordering in bulk from a supplier most likely located in China. Some people are so successful on Amazon that they are able to sell their stores for hundreds of thousands and rinse and repeat the process. Personally I tried retail arbitrage and had a very difficult time finding products to make a profit on. Mostly because so many categories and brands were locked. In order to unlock them you have to buy 10 or more of one item from a wholesaler or manufacturer and submit your receipt. This is very doable if you are willing to put in the work and financial investment.
Dropshipping
What is dropshipping? You sell a product to your customer, but the supplier stores and ships your product to the customer. First choose your dropshipping supplier. Handshake.com is one site where entrepreneurs can go to buy products at wholesale prices. Then build your online store, which can be done on Shopify.com. Last but not least, you’ll want to market your dropshipping store with paid ads, social media, or blogging.
Disclaimer: We may receive a commission from the links posted on this site.