Do you want to earn at least $5000 per month online? you will learn seven different ways of how to make 5000 in a month online. There are many different ways of how you can build a profitable online business. And, of course, you can make even much, much than $5000 per month.
I just want to underline that all of these strategies require some effort. So, if you are looking for some push button to become rich, you are not going to find that in this article. These all business models that work and thousands of people worldwide are using these strategies to make a living and even a fortune online.
So pick one of these businesses and focus on that until you start getting the breakthroughs and you start earning money. The beginning is always the hardest, but it gets easier as time goes by and you learn more skills and get more experience.
I personally recommend that you start with number five or number six. If you are a beginner and you don’t have much money to invest. Because those once you can start even as a complete beginner without almost any money and you can still make tons of money with them.
If you like these different ways for you to make money. Make sure to subscribe to our newsletter and you will get our free tips, tricks, and free gifts. Also, let me know in the comments which one of these seven you are going to use to make income in online business.
The First is Creating Online Course
Number one is creating online courses. Some people are making really huge money with online courses. For example, one of my friends, he’s only 25 years old or something like that. He earned one hundred and six thousand dollars plus interest in seven days with his first online course. And there are somewhat experienced people making even millions of dollars by selling their courses online.
All you need to have, to get started with this kind of business is, to have some skill that you will teach to other people. You don’t need to be world-class, you don’t need to be a genius. All you need to have is, to be a couple of steps ahead of the people that you are teaching them.
I don’t know if you have heard of this movie called Catch Me If You Can. There was like Leonardo DiCaprio, but it was based on a real-life story. There was really this man who was working in different jobs, even though he didn’t have an education for those jobs. He was teaching French in the local college or university.
And his students were actually performing great. Later on, when they caught this person, this teacher, who was like a fake teacher, he also did other jobs like a pilot and this kind of job. When they caught him, they asked him that, hey, how were you able to teach those people? Even though you don’t speak French yourself or some other subject? How were you able to teach people?
And this personal reply that, helped to there a couple of chapters ahead, then those students did. And then I told the things from the book. So even though this quite a funny story, but it illustrates a good point that when you can teach something to somebody, you don’t actually need to be world-class. You don’t need to have some special skills. You only need to be a couple of steps ahead.
No, a couple of things more than the students who are teaching. Because then you can take them to your level and they benefit from your information and your knowledge.
For example, you know how to play the guitar a little bit. If somebody is starting out, he can benefit when you teach him basic chords or basic rhythms or something like that. You don’t need to be like a world-class guitarist to be able to teach other people.
Then there was this one lady. She was earning five hundred thousand dollars per year, like half a million dollars per year, cutting hair and doing all kinds of haircuts. So, then she decided to teach other people how to do this because she knew how to do this well.
So, it can be really any skill, that people are willing to pay for. By doing this you can earn big money, but it can also help a lot of people. Because you teach them real and valuable skills.
So, you are making the world a better place. You are giving them a shortcut result like there is lots of information online. But how many people still search for that information. Even though it’s available? You get them a shortcut, that gets your students to their desired level faster than anything else.
And one easy platform where you can sell courses is called Teachable. There is also another platform here, for example, Udemy, it’s also easier to use.
If you want to start doing this and you want to start making money by creating courses, you can learn step-by-step training on how you can build your courses from here.
Business Model Number #2 Amazon FBA
Business model number 2 is called Amazon FBA. I heard of these two men. One was from Finland, and another one was from Estonia. Their names are Tony and Victor, and they started this Amazon FBA business some years ago and in two and half years they went from zero to making more than one million dollars per month with Amazon FBA business.How to Start an Amazon FBA Store on a Tight Budget
That’s really mind-blowing. Of course, that’s one million dollars in revenue. But they told that out of that one million dollars. There are like 300 to 400 thousand dollars in profit. And nowadays, when they are running this Amazon FBA business, they wouldn’t need to work anymore because they have a team running all the tasks for themselves. It can be a really mind-blowing and hugely profitable business.
In a nutshell, Amazon FBA works in a way that you order some products from China and then those suppliers from China, they will send those products to Amazon warehouse. For example, in the United States. And then when somebody shops on Amazon, Amazon will send those products from their warehouse to the customer and you will earn money.
Basically, what you need to do is to contact the suppliers in China, send them to Amazon, and then do the listings things on Amazon. And when somebody shops on Amazon, you will earn money. You never need to even see those products in real life. Of course, it can be beneficial if you order a couple of samples for yourself and analyze them.
But I’m not going to go into details in this article, I will give you a detailed guide and resource below the post. You can download all of our free guides and resource for free from here and below the link I share. In this post, I’m going to just give you some ideas of different business models, how you can make money. There are tons of Amazon FBA courses also available, but be aware that some of those Amazon FBA course creators, are not actually making so much money with Amazon FBA, but they are making a lot of money by promoting this business model. So be careful with that.
There are a lot of legitimate courses also, Teach to Amazon FBA, who have made tons of money with did themselves and now they are teaching others how to do it. I have also a suggestion for you, you can learn Amazon FBA Step By Step From learn.fiverr.com. Here you can find some best courses to Learn Amazon FBA. learn.fiverr.com is a reliable source where you can learn.
Business Model Number #3 Build your own e-commerce
Then the third option is to build your own e-commerce. Your own online store. With your own online store, it will require a little bit more effort than capital from your side, because first you need to order those products to yourself and then you will need to ship them to somebody who shops in your online store. There are a lot of platforms where you can do this.
Nowadays, it is easier to use. WordPress Woocommerce is the most popular one and it’s a huge company nowadays. They provide this platform where you can build your online stores, e-commerce very easily.
And e-commerce, of course, can be a hugely profitable business. As you know, Amazon, one of the biggest companies in the world right now, started as e-commerce.
I guess that you are also shopping online from other stores than Amazon and maybe those are also e-commerce sites. So, it’s a huge business. Many businesses are making tons of money, even millions per year. But this business model, like anything else, requires work and effort. Comparing this, for example, to online courses, requires more capital and more effort. And if you start your own online store and you get the products and then ship them to somebody, it can be quite time-consuming.
Download detail guide & resources: Build your own e-commerce website
Model Number #4 Drops Shipping Business
Option number four is called drop shipping. With drop shipping, you only build your own e-commerce platform on the Internet. And when somebody buys something there, then the supplier, for example, in China will automatically send the product to the buyer.
So, basically, all you need to do is to set up a website, set up a system. When somebody buys, the supplier will automatically send the product to them. Then you’ll never need to see the product and you don’t need to do the shipping and handling thing. But you still need to provide customer support and other things that require some work.
I have a good friend who has done this, drops shipping, and then also the number five, which I’m going to discuss with you in the below section. In his opinion, dropshipping requires more work and effort because there are all these hassles with customer support and many other things that you need to keep in mind.
But in his opinion number five is easier. I will explain to your number five that I’m also doing myself, which is my number one recommendation for you. If you are a beginner and you don’t have much money to get started. I remind you that subscribe to our newsletter if you appreciate the work that we do for you for free. So that you can learn to make money from home.
Number #5 That I Recommended: Affiliate Marketing
The number five is called affiliate marketing. You may probably already know what affiliate marketing means and maybe you have also started making money with that. But in a nutshell, it means that you make money by promoting someone else’s product. When somebody clicks on your link on the Internet and they go and buy something, you earn money for that.
And your link can be basically in a big store because almost any big company in the world nowadays has an affiliate program. You and me, anybody can Join those affiliate programs. Amazon has the biggest affiliate program in the world. So, when you joined with Amazon, you can copy your link pasted to somewhere.
When somebody clicks and they shop on Amazon, you can earn money for that. And of course, there are many other even more profitable affiliate programs than Amazon.com. The potential with affiliate marketing is Hugs. Because as I discuss in my other article that I made with this market, three thousand dollars in one day.
Imagine, with just one program, if two persons click your link, another one buys worth one thousand dollars. Another one worth two thousand dollars. You can earn three thousand dollars simply for two clicks. Of course, it requires effort. And not everybody is going to buy for clicking your links. But I want to illustrate that with affiliate marketing. The potential is huge, and some people are making even hundreds of thousands of dollars with affiliate marketing.
One famous person was called Pat Flynn. He often documented his progress with affiliate marketing on his web site. He was making consistently every single month something between one hundred thousand dollars to more than three thousand dollars per month.
So three to five million dollars per year. And of course, he sites as one example of one of the successful affiliate marketers. Basically, with all of these business models, the income potential is unlimited, but usually, it starts slow and then grows little by little.
But with affiliate marketing, the benefit compared to other business models is that you don’t need to have your own products. You don’t need to have almost any capital and anybody can start. This is my opinion, one of the easiest one of these, if not the easiest one. Again you can learn marketing step by step from learn.fiverr.com. Here you can find some best courses to Learn Marketing.
Number #06: Creating YouTube channel
The number six is also pretty like low barrier entry because anybody can join. That is starting a YouTube channel. There are a lot of ways to make money on YouTube. Some people say, now it’s too competitive. I should have started ten years ago. Actually not, because there are more and more people spending time on YouTube and YouTube is paying more to their advertisers or their users than ever before.
So, it can be actually easier to make money on YouTube than before because people are also spending more money on the Internet than ever before in history.
Let me show you a couple of channels that are making tons of money. One channel that I’m subscribed to and I follow is called Fearless. You can see their social blade data that their estimated monthly earnings are from 1500 euros to twenty-three point two thousand euros per month, every single month.
And based on my experiences, social blade usually estimates these numbers on the lower end. So, it may be that they earn actually 30 or 40 thousand dollars every single month with their channel.
Then you’ll see another channel is Data is beautiful. They are earning something from four thousand to seven thousand dollars per month, sourced from advertising revenue. Then if you also add some affiliate links in your description, you can earn even more money. So, it may be that data is beautiful, actually making more than a hundred thousand dollars per month from his YouTube channel.
And it’s with a very simple video. They are publishing one or two videos per month that are very simple to create. So, this is one mind-blowing example, like how can they do this?
The great thing about YouTube, in my opinion, is that you can make money also by doing what you like and sharing what you love. You simply pick a topic that you love talking about, you love creating videos about and then you start doing that. It’s that simple.
And of course, all the time course you will develop. You will learn more skills. You can improve your videos a little by little, make progress.
Number #07 Coaching and Consulting Business
let’s move to business model number seven, which is coaching and consulting. This is somewhat similar to number one, which was online courses. But when with online courses, you teach your skills to many people with coaching and consulting, you usually have only one person in one group at a time, and it’s usually more intimate. Let’s say that you have some skills. For example, you know how to do advertising, for example, for Facebook.
Then some people want to learn this skill as well. So, you can sell them a package. For example, I will teach this Facebook advertising skill for five thousand dollars. I will provide you this and this amount of lessons, one and one lessons. I will give you these resources. I will help you had by hand to set up the system.
This is just one example. I’ve seen a lot of people making even a fortune with coaching and consulting. The point with this is that you need to have some skill that makes money from other people because then they are willing to pay more.
For example, Facebook advertising. Some companies may generate even millions with Facebook advertising. So, if somebody knows the skill of how to do this in a profitable way, then they are willing to pay money for this.
And this brings us to the bonus way to make money. So, I will explain to the eight-way, which is a social media marketing agency. Let’s say that you know how to use social media and you know how to do it. Well, then you can offer your services to companies. You can say to them, hey, I can manage your Instagram page. I can manage your Facebook bids. Or I can do Pinterest for you or whatever. Social media is good for you. Maybe even ticktock or Snapchat.
You can then provide those services for businesses and they will pay you money for that. Let’s say if you generate for some company two thousand dollars per month. Of course, they will pay you 1000 dollars for that service. Then you do that for 10 businesses and you are making 10000 dollars per month.
And if you want to grow this bigger, you hire people who will do the marketing, and then you are an agency. You have 10 people there and they are all doing marketing for different companies. And then you are taking the profits of all that is going on in your business.
All of these business models are quite scalable because you can hire people to do things for you. Maybe coaching and consulting is not so scalable as these other ones. But with that, you can raise prices. So it can scale in that way. Or if you’re teaching your skill to one person, you can later create the course about that and then teach it to many people. So, it can scale in that way as well.
Now I would love to hear from you. Let me know in the comments section below. Which one of these business models you are going to use to make money online? My recommendation is number five, which is affiliate marketing.
And if you are a complete beginner, you can learn affiliate marketing step by step how you can start making money with marketing from here. When I personally started learning marketing, I didn’t even know what affiliate marketing means. I haven’t ever heard the word before and I didn’t know anyone personally that would make money with marketing.
But this training took me from zero to making a full-time income online with marketing. So it really works.