This Post May Contain Affiliate Links
When it comes to making money online, many newbies tend to make the process much more complicated than it really is. More specifically, they believe it to be extremely difficult to make their first $100 online. Why is this?
Well, in order to make your first $100 online, there are a couple things that you will need to have in check before you set out on the mission. First and foremost, you have to have the right mindset. Starting out, many are skeptics, but when they make their first sale, all disbelief immediately goes out the window.
This is the mental obstacle that newbies need to step over. Secondly, you need methods that are proven to work and make you a minimum of $100 per day. That being said, we give you 3 ways to make your first $100 online.
Arbitrage – “Being The Middleman”
Arbitrage, or being the “middleman” has become quite popular over the past couple years. It is very similar to Affiliate Marketing, but the difference is that it requires a small budget to make it work. For instance, if there is a product that you can buy for $5, you can then turn around and sell that product for $25 and keeping the $20 profit.
Arbitrage expert, Phil Henderson reinforces the fact that you do not need a list or your own product to make arbitrage work for you. Here are a couple things you must keep in mind. First, make sure that there is a market for a particular product. Next, you need to be sure that the product is of great value so that you can buy it low, and sell it high. Once you master these, two concepts, simply rinse and repeat your way to BIG profits from simply being the middle man.
One easy way to make money as a middle man is with drop shipping, you can check out my article how to make money with drop shipping as well.
Next on the list of ways to make your first $100 online we have affiliate marketing. This is, easily, the most popular method of making money online. The process is quite simple. You join or partner with a network or an individual who has products and/or services for sale. Then you promote that particular product or service to individuals who may be interested in purchasing it. Every time a sale is made from a customer that you referred, you will receive a commission.
Finding affiliate programs can be as simple as going to Google and typing in “your item/niche affiliate programs”. For example, “skin care product affiliate programs”. Amazon has a great affiliate program, you can also go to digital product marketplaces like Clickbank and check out their program as well. Many software tools also have affiliate programs, so if you’re using a tool on your blog, you can find out if they have an affiliate program and recommend others to use them as well if you enjoy the experience. Tools can be in a variety of niches. For me, since I help newbies get started with blogging online, one of my favorite things to promote is web hosting that I use; Siteground.
Lastly, we have email marketing. If there is any method of these three that is the most powerful, email marketing takes the cake. In addition to being the most powerful, it is also the most effective. Did you know that 44% of email recipients made at least one purchase last year based on a promotional email? As of now, there are at least 4.3 billion email accounts. You do the math. These stats are according to the article at: https://www.salesforce.com/blog/2013/07/email-marketing-stats.html
The main reason why email marketing is so effective is simply because it is traffic on demand. When you have a list of people who are passionate about a certain niche and you promote a product that is relevant, there is a good chance you will make some sales. Because of the fact that it requires a list, it may not be for a complete newbie, but it is always best to start building a list when you can for future profits. You can find my details on making money with emails in this post.
To conclude, you now have 3 ways to make your first $100 online. These methods have been tried, tested and proven a countless number of times and if they have worked for millions of people, they will work for you too. Starting out, we recommend you go with Arbitrage or Affiliate Marketing just to get some cash in your pocket. As you have a bigger budget to work with, we recommend you do Email Marketing which is the most powerful, effective and sustainable of the three. One of the best ways to get profits with these three methods faster is by having a blog, you can see how to set up a blog in 20 minutes here.
There are a few more ways you can earn money online. Learn more in these articles: