Thread by @ronaldnzimora

How to Make Money (Out of Thin Air) Online.

So the most frequently asked question I have gotten the last 2 months has been, "Mr. Ronald, how do I make money online?

Now that's a straight forward question, right?

Errm, kind of. Today's thread explains.

When asked this question, I almost always respond with, "You make money online by selling something online." which would be true but I recognize that the real unasked question is "What do I do online business wise that will make me money?"

See? That's a better question, right?

So there's a TON of things you can do online to make money, but I want to focus on the ones you can do without handling anything physical, so that you can literally create money "out of thin air". A.k.a. working right from home in your underwear.

Also I'll be focusing on things that can make you BIG money, not pennies to rub together and feeling like you're doing something worthwhile.

Here's a list.

1. Software
2. Info publishing
3. Affiliate marketing
4. Freelancing
5. Consulting

Now let's take, "one by each"

Ready?

1. Software is HUGE online. Huge!

Basically what you want is to create a software that solves a problem for a specific group of people. The software can be cloud based or installed on their PC or it can be an app on their phone.

Obviously, not everyone can create software...

Oh, it can also be a plugin, or browser extension.

So here's what to:

i. Figure out a problem many people want to solve. For example, business owners want simpler ways to automate their tasks.

I know I'll pay for a video editing software that painless to use

ii. Come up...

with a software framework that can help solve the problem.

iii. Map it out (I think it's called wire framing) exactly how it will work. This can be done on paper, in Ms Word or using, wait for it, wire framing software? 😁

iv. Start building it if you know how to or...

go to freelance sites like upwork.com to find people who can build the software for you.

The best guys there are the US guys but they're expensive. Next best are the Russian and Ukrainians. Avoid the Indians and Pakistanis, unless they come recommended.

v. When the software is done, start selling.

Sell it here:

- jvzoo.com: Tons of people will promote it here for a commssion

- codecanyon.com

vi. Be sure to sell to people the world over and bank cash.

2. Info Publishing:

Basically this is you selling information, proprietary information that is. This is everywhere and you have bought it yourself in one form or another. If you have bought a book, ebook, a Kindle book, a video tape/dvd from your Pastor, an audio message...

then you have experienced this.

This assumes you have something valuable or to say or if you don't, you find someone who does and team up with them.

You then create either a book, a live in-person seminar, a DVD, an audio, an ebook, or an online webinar, etc and you charge...

for the privilege of you giving it to them.

Can't they just go to Google and find the info? No they can't and they won't. It's hard and it'll take time. People hate hard things and wasting time. They'll just give you money and take it from you.

Its insane the money you can make

Once you have it created, you set up what is called a website funnel to sell it.

A funnel is simply a predictable path you lead interested people down with the end goal being them buying your info product.

3. Affiliate Marketing

An affiliate simply resells things for individuals and comapnies and collects a commission for each sale they make.

As an affiliate, you dont need to create the product or store it or manage the customers etc. You simply sign up with an online merchant...

or a network that lists merchants and their products, you get an affiliate link you use to track your sale for lathe product you choose to promote and then you start promoting.

Each time someone clicks and buys through your link, you get the stated commission on that product.

To resell products targeted at people in Nigeria, go to:

Expertnaire.com

To affiliate for products you can sell worldwide, go to clickbank.com or jvzoo.com and sign up.

4. Consulting

This is an upgrade of info publishing.

Now you're basically selling the implementation of what you'd have sold them as info and left them to figure out on their own implementing.

Now you're doing it for them.

Instead of writing a book about marketing on...

... social media, you charge to run their social media campaigns.

Instead of teaching how to handle money in a live class, you set up a hedge fund and become their money manager.

You are basically selling either advice (telling them what to do) or implementing for them or both.

5. Freelancing.

This requires that you have a skill - maybe you're a graphic artist, or a videographer, a photographer, you are a writer, you can perform tasks, etx. There are a ton of websites you can list your services and people will hire you and pay you to do those tasks.

You can register on sites like upwork.com or the smaller fiverr.com.

Once you build enough reputation, you'll be making money week in,week out.

Its my least favorite way of making money online though as it cosumes time,is repititive & pays lesser money

6. Social Media

Exactly what Maraji does. It doesn't have to be entertainment or comedy. Pick a topic, pick a platform (can be Facebook, YouTube, Twitter or Instagram or all of them) then create and post content DAILY.

Once you build a following, start charging for ads. If...

it's on YouTube, you can join their partner program and they will display ads on your videos and give you a cut. I know people who millions of dollars with this. You can also sell merchandise to your fans too.

So there you have it ladies and gentlemen.

Now you know what to do.

If you loved this thread, there's more. Just follow me and you'll learn tons

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Thanks for reading.