Making Money Online! How? Everything You Need To Know

How To Make Money Online

The internet today is one of the greatest tools for individuals and business owners to generate or maximize profits, but is it really easy to make money from on the internet?

To keep the answer simple; NO.

So how easy do you think it is to make money online? Before I start discussing making money online in this article we will discuss the basics and most important aspects of online money making, how it works, what works and what doesn't.

Making Money Online: Is It Possible?

Yes, although not very easy at first but you can make profitable income working from the comfort of your home, or even in your kitchen. The internet today is like a real-life marketplace where there are lots of people from all over the world with different wants and also a lot of people offering solutions to different daily life issues, providing answers and displaying their goods and services and As per our calculations, approximately 380 new websites are created every minute!

The world today is fastly growing and with 7.8 billion people in planet Earth as of January 2019, Polls and surveys reveal that:

1. There are 5.11 billion unique mobile users in the world today, up 100 million (2 percent) in the past year.
2. There are 4.39 billion internet users in 2019, an increase of 366 million (9 percent) versus January 2018.
3. There are 3.48 billion social media users in 2019, with the worldwide total growing by 288 million (9 percent) since this time last year.
4. 3.26 billion people use social media on mobile devices in January 2019, with a growth of 297 million new users representing a year-on-year increase of more than 10 percent.

Which means almost 3.5 billion who still don't know about the internet or who are just getting accustomed to the internet and most of are with different needs and wants, many are looking for solutions, some are actually looking for answers, looking to buy, while some are surfing just for fun or for their business.

Making Money Online As A Business Owner

According to Alexa ranking, the internet today is filled with over 1.5 billion website and every minutes we have about 380 more, the number keep going up and will continue to do so as long as the internet exists, if we looking at this statistics a lot of people will easily conclude and decide that the internet is getting oversaturated and, to be honest, 98% of this new websites are created just for one purpose: Making Money!

Large and small business owners can benefit from the internet and can even double up their sales and profit if they can utilize the internet as a marketplace efficiently.

If you are a business owner, regardless of what kind of business you are running, be it large scale or small scale business, if your business isn't online you are actually missing out, not having your business online you've limited your profit/sales margin and you are leaving out customers who are looking for the kind of services your business provides.

Different kinds of services ranging from quick lunch, food and recipe stores, grocery stores, cars, and even houses can be put for sale/rent/lease on the internet and if your business is properly set up, you will be taking your business to the summit.

Lets's look At Some Examples:

Imagine a world where search engines like Google, Bing, Yahoo Search, DevilFinder, or Mama.com doesn't exist Or Imagine a world with no social community like Facebook, Twitter, Linkedin, etc, How easy do you think it will be to make a research, look for solutions or get help? We all use some or at least one of the numerous queries and search services website often, it was actully created for anyone looking for answers, yet even people looking to buy, learn more and people who are after researching purposes will never belittile the power of these websites.

 In today world everyone is going social, with t

Top 5 Mistakes Online Business Owners Make

Every business owner makes mistakes. Even the likes of Warren Buffett, Richard Marx, and Elon Musk have made mistakes in their businesses. The quintessential need is not perfect and averting every mistake but to avoid those ones that will cost your business dearly. Here are the five mistakes online business owners make.

Cheap Infrastructure

An online business must always stay sustainable as well as for that, you ought to remain affordable with all expenditures or repeating financial debts. However, the value should not force a business owner making decisions that will not augur well intended for the business. For instance, choosing inexpensive web host plans could save you money however the real price has to be evaluated. Hosting programs that expense very little each month will have seriously capped bandwidth, there will be almost no worthwhile to safeguard the website, the internet presence will probably be compromised because the uptime will not be one hundred percent or even close and any type of scaling will probably be dealt with extremely slowly. Infrastructure is the spine of any kind of industry or perhaps business. Internet business owners frequently opt for cheap infrastructure...

Outsourcing Everything

Globalization has ushered in an era when you can find people to do everything at a fraction of a cost than what you would have paid in the pre-globalization days. It is not fair to state that the quality of professionals or their skills has waned but it is true that outsourcing has its pitfalls. You can and should outsource anything that you are not very good at. From website designing to accounting, you
can and must hire experts. Also, note that outsourcing is not necessarily off-shoring. You can hire contractors or companies based in your city, state or country. The trouble lies in outsourcing everything. When online business owners don’t have complete control over any of the assets of the company or the day-to-day affairs affecting one or all existential aspects of the enterprise, then the business is bound to suffer sooner or later.

Lack of Diversification

Many business owners are content with their zeroed in focus on one or a few niches. It is perfectly acceptable to focus on one or a few niches but you need to diversify to sustain your overall empire through the years. Every niche goes through upswings and downswings. You can always enjoy the upswings but you need to plan for the downswings.

Cease in Upgrading

Many online business owners launch their enterprises with state of the art propositions and then stop upgrading. It is not just the technological infrastructure that needs to be upgraded but also the quality of products and services, the manner in which the business is managed and how the clients are dealt with.

Ignoring Competition

Digital enterprises can spring up in no time and usurp the market share of a major brand in a brisk few weeks. Ignoring competition is a surefire way to ring the death knell for the business.

Also Read: Why You Can Fail To Be Successful?

Things You Should Know Before Starting An Internet Business

Starting an internet business can be a lot of fun. Unfortunately, if you jump right in without doing a little research first, you could find yourself becoming overwhelmed very quickly. Some people make it look easy. The truth of the matter is that the people who make it look easy are people who did a lot of research beforehand. They understood what they were assuming to such a significant degree, they were able to avoid some of the common pitfalls of starting an Internet business.

To be sure, you can avoid those pitfalls, as well.

Before You Start An Internet Business

The great thing about the concept of an internet business is the fact that you are referring to a very, very wide spectrum of possibilities. The business can be as large or as small as you want/need it to be. Here are a few things that any internet business entrepreneur should keep in mind before they do something like run out and buy a domain:

1. Have a plan: While you don’t need to have a detailed, formal business plan, you still need to come up with some mode of attack. This can include researching potential competitors, developing a sense of what you want to market to which group of people
2. Establish a budget, and keep something else in mind: Your business is going to need a budget, regardless of its size. When budgeting an internet business, there are two things to keep in mind. First, remember that your budget needs to be realistic. Secondly, you want to appreciate the fact that in all likelihood, you’re going to lose money before you make money.
3. Customers will want to meet you: Standing out from the pack with an internet business can be really challenging. Sometimes, it gets awfully close to impossible. With that in mind, remember that one good way of establishing a unique brand is to filter your own personality into everything that defines your internet business. People are going to want to know who they are buying goods and services from. Don’t reveal more than you are comfortable with, but understand that you will have to create a public identity for customer service purposes and more.
4. Do something you’re actually going to enjoy: Large or small, an internet business can be a lot of work. Make sure you are doing something you will be able to enjoy, which comes in handy when things take a turn for the challenging.

Treat your Business like a Business, Not a Hobby, Your Internet Business is not a Hobby

A hobby can be turned into a business but a business can never become a hobby. There are some rich and famous people who have the luxury to conduct business while indulging in leisure. For the lesser mortals, business and leisure don’t go hand in hand. Any business requires serious investments, be it material such as money and infrastructure or immaterial as time and effort. 

• A hobby is more of a pastime in which you have substantial passion. A business can never be a pastime. There are serious consequences. You may lose money. If you have employees, then those jobs are at stake and hence their livelihoods. If you have products or services that people depend on then you are risking that and your consumers or customers will be left high and dry if you fail to deliver. A hobby is absolutely personal. No business is completely personal. A business will have direct and indirect impacts on the lives of many people. A startup can still be treated as a hobby until there is serious money in it and the potential or actual impacts on others. Beyond that point, a business must be treated like a business.
• A hobby has a lot to do with emotion over pragmatism. Most hobbies develop out of sheer love for something. There is little or no aspiration to monetize the skill or whatever you are creating. The purpose is to give form to your feelings or the skills you possess. Essentially, a hobby is about emotions. A business can stem from a particular or cluster of emotions but it can never be managed or run emotionally. You must always have a pragmatic take on your business and that will not happen if you treat it as a hobby or an emotional endeavor. 
• A hobby often has to dabble through spells of procrastination. You cannot allow procrastination to seep in when you are running an actual business. There are deadlines in the real world, bottom lines and real money at stake. You cannot take your own sweet time to develop or deliver something. Treating your business like a hobby will be the recipe for disaster and sooner than later your enterprise will cease to exist or be unsustainable. Also, a hobby is principally about personal satisfaction. A business is not.