Do you want to make money online? How does $300 a day sound to you? My name is Eric Wichman. Entrepreneur, author, internet marketer and adventurer. I like to make money online and I love the outdoors. In my years as an internet entrepreneur I’ve built and owned multiple successful eCommerce websites, blogs and online businesses. I write about what I know about and my experience making a living online working from home. I have made at least $300 per day with each of the 3 things I list in this article. I’ll go into brief detail about each one to give you some ideas on how you can do it too. These are in no particular order of importance, only the order at which they come to mind.
Let’s get started.
Here are 3 ways to make $300 or more per day online.
#1 Google Adsense – (advertising) Work Level = 4 out of 5 stars – This method takes a good amount of time and effort to build your audience and drive traffic to your site unless you use Facebook and Google PPC advertising to drive traffic. You can also use social media to drive “free” traffic to your site.
You can make good money online with Google Adsense. If you don’t know what Adsense is it’s advertisements you can place on your blog or website. Google will then pay you each month. You’re paid money each month based on how many ad impressions and clicks you get on the ads. This means that the more traffic you get to your website or blog the more money you will make potentially. This is a great way to make a passive income. You can build a very nice monthly passive income with Google Adsense. It takes some work upfront and time building your blog, creating content, and driving traffic. If you focus on the long term and not just quick easy money then you can build a site or multiple blogs in multiple niches that will continue to generate a passive income for you every month. To do this focus on SEO (search engine optimization) for long term traffic. Write high quality content and create search engine friendly articles and news item and you’ll be rewarded with higher rank in search engines. This equates to more traffic long term and that translates to money in your bank account.
If you’re new to blogging you’ll need a way to get traffic to your blog. To start out getting free traffic to your blog
PRO TIP: Technically speaking there’s no such thing as “free” traffic because you either have to spend time or money to get it.
Adsense is more of a passive income than the other ways to make money listed here. It’s also more long term and niche specific. You’ll need to pick a niche, build your blog, create quality content, drive traffic, and have your ad placement setup to maximize your monthly revenue. In the long term this can make you a good passive income each and every month.
If you’re more of a risk taker you can drive traffic to your blog with PPC advertising through Facebook, Instagram, Pinterest, Twitter and other social networks. In the beginning though I’d suggest just making posts, make videos on Youtube and put a link to your site in the description. Your primary goal is traffic because the more traffic you can drive to your site the more money your will make.
#2 Shopify & Amazon – (eCommerce) Work Level = 3 out of 5 stars – This require a significant amount of work to get up and running and to manage. You have to have good customer support, fast shipping times and be able to choose products that are sellable and profitable. eCommerce has the potential to make you a millionaire if you do it right. Follow those who are already successful, copy what they do, emulate them, sell and make sure your profit margins are high.
Shopify is an awesome eCommerce platform to generate income and you can do it without stocking inventory or shipping products if you use some of the dropshipping programs out there. Drop shipping is when an order fulfillment company ships your customers orders to them rather than you buying and stocking inventory yourself. There are some drawbacks to this model, but many online entrepreneurs are using dropshipping to make $10k, $100k, and $1 million dollars per month in sales. Oberlo is a drop shipping service that works with Shopify as a plugin App. It allows you to choose products that are dropshipped direct from China to your customer. You don’t have to order or stock inventory yourself. You simply pick the products you want to sell, click a few buttons and the product is automatically added to your Shopify store. This frees you up to advertise and drive traffic to your store allowing you to focus your effort on sales.
You can also order product yourself from Alibaba.com. You can ship it yourself and handle all the orders yourself. But why would you do that unless you just want to control everything? This does make sense as you scale your eCommerce biz because there’s only so much you can outsource to other businesses to get the job done. Outsourcing the work can get expensive though and that cuts into your bottom line, but it’s much cheaper and more cost efficient than warehousing and shipping the products yourself.
There is a 3rd option. Starting an Amazon store and using Amazon FBA (Fulfillment by Amazon). I haven’t used this service yet but have 2 websites (businesses) that I will be switching over to Amazon FBA service. Amazon has perfected eCommerce, namely the logistics involved in getting product to the customer. They are the best in the world in my opinion. Jeff Bezoz, the founder of Amazon, is the richest man in the world so it’s clear that Amazon knows what they’re doing when it comes to logistics. Amazon has it’s own eCommerce platform and will ship products for you. It’s an all in one service. All you have to do is source the products from China, manufacture them yourself, ship them to Amazon and focus your efforts on driving traffic and customers to your store.
I’ve made over $300 a day in sales using Shopify and I love it. But what most people won’t tell you is that that $300 though isn’t $300 in profit. It’s $300 in gross sales. This is the number that most Shopify store owners won’t tell you. You can make good money on Shopify. People have become millionaires by selling products on Shopify that they sources from Alibaba and AliExpress. These are like China’s version of Amazon and Ebay. Oberlo is a drop shipping App that works seamlessly with Shopify to help you add and manage products in your store. When you sell a product you simply process the order through Oberlo and it ships from China to your customer.
A word of advice. If you’re using Shopify and Oberlo just know that you really need to pay attention to shipping costs, fees, and methods. To make a profit you ideally need to pick products with a 3X to 10X markup. Otherwise you may lose money. I’m not saying this to discourage you, I’m just being real. be smart. Make sure your profits are high enough to make the work and effort you put it worth it.
Check out Tanner J Fox on Youtube….he does an awesome job selling on both Shopify and Amazon. He’s a 21 year old millionaire! He knows what he’s doing when it comes to eCommerce. He’s proof that it’s possible to become a millionaire by setting up your own eCommerce store.
I’d like to tell you I’m a millionaire from selling on Amazon and Shopify. I’m not. Yet. I’m on my way to becoming a multimillionaire this year however. I’m at 6 figures now and on my way to multi 7 figure income in the coming year.
You can start for very little money upfront and the rewards are high.
PRO TIP: Choose products with a 3X to 10X markup! Don’t pick products with low margins. You need enough room to make it profitable. 3X is good, 10X is better!
PRO TIP: Choose Passion Products – Make sure you choose products that OTHER PEOPLE ARE PASSIONATE ABOUT! Don’t choose products you like. This is probably one of the single biggest mistakes new eCommerce store owners make. They choose products based on their likes and they wonder why they have no sales. Always choose products based on the market and what other people are passionate about.
#3 Digital Products – (i.e. eBooks and digital magazines, members only content)
This is how I make a large portion of my income. By creating digital products and selling them, either downloads or selling access to the content. It’s not a passive income but the profit margin on a digital product makes it well worth the time and effort to create quality digital products to sell.
You can also create your own affiliate program so other affiliate marketers can sell your digital products as well by publishing your digital content on Amazon and Clickbank. Both platforms allow marketers to sign up and sell your content and you pay the marketer a commission on each sale. This helps free you up to create more content and focus on sales.
BONUS #1 – Membership Sites
This is similar to the digital content income stream but the content is behind a paywall and published on a members only site or within a members only area on your blog. You can have a public blog with free content which is optimized for high ranking in the search engines with a way to capture email addresses and build your email list, and then you can have a members only area which you charge a monthly subscription fee to access.
BONUS #2 – Affiliate Marketing
Affiliate marketing is simply when you sell others products and services and get paid a commission for each sale, lead, or email list sign up etc. Amazon and Clickbank and the largest and most notable affiliate programs and affiliate services online.
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