How to make money online?


how to make money online

There is a question that many people are asking me in the back room of the blog:  how to make money online?

The truth is that the question makes all the sense in the world, especially in a difficult period like the current one, with an acute crisis in the labor market. The idea of making extra money online couldn't be more attractive, right?

I will try to give you a serious answer, without making false promises to make money online.

Before starting, let me clarify that everything you are going to see in this post is 100% legal and serious: it is based on your work and the monetization of your abilities.

In other words, if you don't know how to do anything, you can't make money from nothing.

Learn to do something first, and then you can charge for it.

As you can see, the fundamentals of work and financial remuneration have not changed.

So, if you are looking for a guaranteed system, easy and immediate, so that, without doing anything, you earn a lot of money passively, every month, I invite you to go and be fooled elsewhere.

There is no such thing, and you should be wary of everything that looks too good.

Now that you are more aware of the things you can expect from a serious online activity, I am going to introduce you to proven strategies that will make you get money online.

Make money, really, without having to sell your soul to the devil.

Let's go!

 

Everything you need to know before making money online

Let's answer some frequently asked questions first.

IS MAKING MONEY ONLINE EASY?

Let's see, everything will be easy for you if you already have valuable skills in the market .

Imagine, for example, a computer engineer specialized in Software Architecture. It is a super demanded profile, with a shortage of supply.

Your (online) future is guaranteed, either working for someone else or working as a freelance .

More of the same with an Artificial Intelligence expert or a robot maintenance technician or a community manager or an expert in Facebook Ads campaigns.

But, Franck, what if I don't have these skills?

Idea nº1: Acquire demanded competences

It is called studying.

It is hard because it requires effort.

It is frustrating at times because quite slow.

Then you will have to do practices to validate your theoretical knowledge with something more tangible for the business world. And in general these practices are poorly paid.

It will always take a long time - it counts from 6 to 18 months - and for the TOP trainings on the market, good money.

It is not an expense, it is an investment for a better future.

Idea # 2: If you are not different, agree to be cheap

If you do not have the required skills or want to acquire them, you will have to dedicate many hours to the matter, because the online activities that you are going to find - which there are - will pay you badly.

Think audio to text transcription, document digitization, data entry (manually enter data into a database), online translation, focus group / online surveys.

All these activities, but they will pay you 5 to 7 euros an hour.

Because you are competing on a global scale with people in Asia or Latin America willing to give everything for very little. Be aware of currency exchange.

And since they are low value-added activities, millions of people can do them too.

Too much supply, insufficient demand: low prices.

Now, let's imagine that you work 60 hours a week (to be present in front of your computer, to respond to possible orders before other online workers) and you manage to bill 40 of these hours doing these mini tasks online, you could earn 40 ( hours) * 5 (euros per hour) * 4 (weeks per month) = € 800 per month.

It is not a lot of money, but for many families, this € 800 would be a great help.

Of course, you have to be willing to work to earn money.

IS GETTING MONEY ONLINE FAST?

It all depends on how you think about it.

Offering your services online is almost immediate.

Going to the main marketplaces to bid for these mini jobs is also almost instantaneous.

So, in this case, it is a matter of days, you should be able to start trading by selling your time for a fee.

Example # 1 (You have no valuable skills) - Amazon Mechanical Turk

Example # 2 (You do have valuable skills) - Upwork / Fiverr

 

Other similar options, in Spanish are:

At first, you will have to work hard for little result. So your commitment and the consistency of your actions over time are keys to success.

In both cases you will have to spend many hours on these marketplaces making your purchase of online orders. These "sale" hours will not be remunerated.

There are other ways to earn money online, creating your own digital assets.

The idea of ​​building an online platform ( create a blog or YouTube channel ) and / or an online audience to monetize it.

These options that I am going to detail later are very valid, but they have a high cost of establishment in time: count from 3 to 12 months before you can earn around € 1,000 / month.

And also, it's about creating an online business .

And as with all businesses, there is no guarantee that it will work.

If you succeed, congratulations; if not, consider this experience a very valuable learning experience.

IS MAKING MONEY ONLINE GUARANTEED?

Nothing is guaranteed in life.

Not your own life.

Reasoning like this is thinking like a victim, waiting for a third party to fix your life.

Because the best guarantee that there is in everything you do in your life is yourself:

If you really want something, it is only a matter of time before you can build this dream.

With a lot of work and love.

HOW MUCH CAN I EARN?

Here it is also variable, and there are always exceptions.

I know that you do not stop reading online examples of ordinary people who end up earning 5 or 6 figures a month with their online business .

It seems magical!

Some may actually earn this money (although many only project their wishes).

But it is the fruit of years of invisible background work that these people have carried out that allow them today, to generate this money with their online business.

"But Franck, I've read examples of people launching a product and making $ 1 million in 24 hours."

There are…

Well, very few in Spanish speaking, since they can be counted on the fingers of one hand.

But the secret is the same.

What you see today is the result of years of previous work.

So do not focus on the photo at any given moment, the goal, but you should also contemplate all the invisible work behind these success stories .

Success is a process, not a result.

How to earn money online in Spain?

Well, the truth is that earning money online in Spain is no different than doing it from another country.

Whatever social security scheme you have (for someone else's or your own), you will have to declare these income online in your annual income tax return, personal income tax, because they are extra income.

You will have to register as a freelance, as long as you are in one of these 2 cases:

  1. The money you charge online is usual (and not something on time)
  2. Exceeds the limit of around € 7,500 / year  (this amount varies according to the minimum wage)

Surely at the beginning you will be able to benefit from the flat rate of € 50 / month, but after 2 or 3 years, you will have to pay the € 286.15 per month of the unrestricted minimum freelance fee.

And this quota will only increase in the future, in a country in which there are fewer and fewer people working to pay the pensions of more and more people, because the Spanish population has grown very old in recent decades.

HOW MUCH DO I HAVE TO BILL TO KEEP € 1,000 CLEAN?

If you want to charge € 1,000 clean with this activity, you will have to bill around € 1,540.

Subtracting the self-employed fee without reduction (€ 286.15) and 20% of personal income tax this brings you to around € 1,000 net per month.

Keep this figure: Enter about € 1,540 gross to reach € 1,000 net. Month to month.

I recommend you approach an agency to resolve this issue with greater precision, since, depending on your age, the autonomous community in which you reside and the time you read this post, the conditions may have varied.

But the real question is not so much what is the correct legal structure for your online activity, but rather the following:

WHAT TO SELL ONLINE TO EARN MONEY?

Let's try to resolve this question then.

First I want you to stay away from all the false proposals that you can find online:

All of these are foolish proposals.

They make everything very easy for you, and at best they make you waste time, at worst they are Ponzi schemes and you are going to run out of your savings.

The rule is very simple.

Any proposal on the Internet that promises you income, with hardly any work, with annual returns of more than 5%, is a scam.

And if you do not understand that you cannot base your professional activity on the game (poker, online betting, etc.), because the odds go against you, in 100% of cases if you project yourself in time, it is that I you show that your real problem is a problem of unconscious expectations.

If this is your case, I am very afraid that life is going to give you the hosts you deserve to wake up from this toxic dream in which you are immersed today.

If you want to do more serious and probable things, I only see 3 options:

  1. Sell ​​virtual services or not : exchange an hour of your time in exchange for a fee, or sell a project at a fixed price.
  2. Create your own online asset and sell third party products : online advertising, affiliation, influencers, dropshipping. The idea is to master attraction and conversion, and leave delivery and customer support to the manufacturer or seller.
  3. Create your own online asset and sell your own products : these products can be physical (crafts) or digital (infoproducts such as ebooks, online courses, private memberships).

HOW TO EARN MONEY ONLINE FAST?

How to get to collect € 1,000 net of salary per month with an online activity, as quickly as possible.

We are going to rule out a few options:

As you can see, if your objective is to make quick money, the way of selling services is the one that makes the most sense.

This option assumes that you are able to solve a problem with real demand in the market.

How to create a first virtual service in 4 simple stages?

# 1 - Start with the great list of raw, unpolished talents you already have.

Let's say ... Digital Marketing.

# 2 - Look for an acute super sue problem.

For example, advertising campaigns on Facebook Ads.

# 3 - Smartly choose a specialization for this service.

In this case you have 3 options:

  1. E-commerce
  2. Local Businesses
  3. Infoproducers

Depending on your abilities, choose the most viable option.

The easiest thing would be to manage campaigns for local businesses.

# 4 - Identify your deficiencies and solve them

Identify your weaknesses, what you lack to be able to solve this problem correctly.

Find ways to acquire these skills, either betting on self-training on the Internet (free but slow and frustrating) or buy a training created by a recognized expert on these topics (paid, but faster and more fun).

Obviously you will have to carry out this process focusing on your great talent.

The best ways to earn money online

I am going to present you 12 concrete examples, to inspire you.

I already anticipate that the first 4 ways to earn money online are the ones I like the most for:

  1. The purpose of the activity, as it is about helping people instead of putting the focus on simply making money
  2. Income generating capacity
  3. The durability over time of this business model. They are solid and if you focus well, you can live from this activity for years or decades.

Let's see this list then:

# 1 - SALE OF VIRTUAL SERVICES - FREELANCE (B2B) - TOP

The idea is to sell a "turnkey" service for a client, ideally a company or an entrepreneur.

The idea is to deliver the provision of the service 100% remotely, without ever visiting the client's office. We also want to narrow down the options very well in order to present a fixed price and thus shorten the sales cycles with customers. This saves us the phase of tailoring for each client and negotiation of rates.

If you have digital skills (design, copywriting, writing, community management, SEO, management of advertising campaigns, closing sales, etc.) there are literally millions of companies and freelancers who need you today to digitize their activity.

# 2 - SALE OF VIRTUAL SERVICES FOR INDIVIDUALS - TOP

It is a model similar to the previous case, except that in this case you are addressing an individual.

We now live surrounded by experts and advisers who help us feel better and offer the world our best possible version: personal trainers, nutritionists, personal shoppers, therapists, life coaches.

Life-long consulting has reached the mass consumption sector. And believe me this trend is here to stay.

For 2 essential reasons:

# 3 - SALE OF VIRTUAL SERVICES - MENTORING - TOP

Many lifelong 1-to-1 services can be digitized without major problems. We have been able to see online medical consultations have exploded during the Coronavirus crisis.

It is not about making the same experience online as offline, it is about providing enough value in digital. And on the demand side, the perceived value for these digital services is increasing.

If we take it to a group model, it would be great to be able to accompany small groups of clients around a common transformation that you can lead.

Hence the idea of ​​doing group consulting, or group coaching, for 2 to 3 months, and thus accompany a group of clients, instead of doing it individually.

If you take this model of group accompaniment on a longer time scale, the year, you have a Mentoring program, in which the mentor will be able to transfer a lot of knowledge to their mentors , to follow their evolution, month by month, and correct mentoring , if necessary.

And above all, there is enough time to develop a more intimate relationship with the mentor. Often key aspect to bring out the best in a person.

Mentoring is a mixture of training, consulting and coaching, which is based on the figure of the group, in order to, in fine, raise all the participants higher.

In complex processes, entrepreneurship, finding a partner, breaking an addiction, etc., the figure of the group makes all the sense in the world and reinforces the overall quality of the experience.

# 4 - SELLING AN ONLINE COURSE - TOP

It is a model that I know well because I have been practicing it for 10 years now. I started in July 2010 with an Affiliate Marketing course, followed by my first professional recording in November 2010, with La Dieta Casanova, a misnamed training on selling online services. What a good times!

The idea is simple, you identify a specific and important problem for a target audience, and you solve it with an online course, cheaper than buying a turnkey service or individual consulting or coaching support.

It is a great business model, because it is completely scalable, since the support is group and 100% virtual.

So once the course is done, your mission will be to sell your course to as many people as possible.

Here I explain how to create an online course step by step .

Prices vary from less than € 100 to a maximum of around € 2,000, depending on the transformation and the audience of the online course.

 

# 5 - SELLING A DIGITAL PRODUCT

If you know how to design, program or produce digitally (music, audio, videos, photos, etc.), you can create cheap digital products and sell them on specialized MarketPlaces.

There are large communities and ecosystems where you can locate your business: WooCommerce in the WordPress universe, Shopify , and in general all the most successful SaaS tools, offer their users add-on sales markets.

Musicians can be cited on Airbits , photographers on Shutterstock or Abode Stock



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