How Can I Make Money On The Internet For Free : 5 Different Methods
Can you leave that in the Articlel? So as somebody who makes their living primarily from creating things for the Internet, I naturally get a lot of questions from people who want to do the exact same thing. And I remember being one of the people asking those questions. Back when I started my blog about ten years ago. I was primarily doing it just to boost my resume and to have fun.
But I quickly started reading blogs written by people who were making their full time incomes. Sometimes there were six figures just running their blogs. At first I thought this lifestyle would be impossible for me to achieve. The freedom seemed alluring, but I felt that that was for other people who got lucky and I would just have to work a job and just blog on the side. But I was curious.
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So I started learning and started devouring as much as I could possibly get my hands on. From the tiniest details on website speed to the marketing psychology behind the colors of buttons on landing pages. And about two and a half years after I first started my blog, I hit full time income for the first time. About three years ago, I hit six figures in income for the first time, and last year we did over half a million dollars in gross revenue and throwing these numbers out here not to brag, but to provide a little bit of context on a what's possible B what's happened in my experience and to hopefully give myself a little bit of credibility for making a video like this.
So today what I want to do is kind of explain some of the ways that you can use to make money on the Internet if that's something that you want to do.
So first we're going to cover some pretty important groundwork here, and then I'm going to be covering five different ways that you can use to make money on the Internet. And for each of these methods, I'm going to give you some tips for both getting started in it and being more successful with it. To lay down that groundwork, I talked about the main idea I want to communicate here is this making money on the Internet is just like making money out in the physical world and at least one key dimension, which is that you have to have some way of providing scarce value..
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If you remember your economics class, you probably remember that money is number one a store of value, number two a medium of exchange, and number three a unit of account. So essentially, money is a way of giving a numeric value to value. I value not mowing my lawn. So I pay a lawn mowing company to do it instead. Of course, there are different levels of value as well.
Something that I value more than that is having a person to edit my videos, which is also something that takes more skill. So as a result, I pay my editor Tony quite a bit more than I pay lawn mowing company by scarce. I mean, not abundant. The more choice that a customer has when it comes to a given service, the more you as the service provider are going to have to start competing on price. And the more you have to compete on price, the more you have to start eating into your margins, which is the difference between your income and what you had to spend to make that income on things like buying inventory, running ads, paying for web hosting, whatever.
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It might be. A great example here is Drop shipping, and I will not be surprised if you get an ad for a drop shipping course on this video if you're watching it on YouTube. Essentially, Drop shipping is a business model where you identify a product, set up an online store for it. And then when a customer orders that product, you actually send that order to a supplier who sends it to the customer, you don't keep anything on hand. This is a very attractive business model because number one, you don't have to spend any money up front on inventory, which is usually risky and requires warehouse space.
And number two, you don't even have to deal with the hassle of shipping orders to customers. Instead, as the ads for so many dropshipping courses will tell you, all you have to do is find a cool product, build an online site where people can order that product and then just drive traffic to the website using slick Instagram ads or search engine optimization. Whatever. And you can do all of that while sipping a Margarita from a beach in Bali as long as it has WiFi. But you're going to be doing it alongside about a billion other dude Bros trying to do the exact same thing.
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So remember, this easy, low cost of entry equals huge competition equals razor thin or sometimes nonexistent margins, which can put you in the hole. A better option is finding a way to increase the value of what you're offering or make it more unique somehow. For example, while most Editors can provide basic cuts, Tony can do color grading. He can do intricate sound design, and he knows how to use Broll to make the video that you're watching a little bit more pleasing to the eye. But of course, those skills take time and practice to develop, and in some cases, there may even be some form of monetary investment like, I don't know, buying a $2000 sound effects library.
So keep this in mind. Before you can make significant money on the Internet, you have to find a way of providing scarce value. Anybody who is telling you anything different is almost certainly trying to sell you something, and it's probably a course that helps them make money, not doing the thing that they're teaching you how to do. You have to provide value. Luckily, there is more than one way to do that, so freelancing is probably the best place to start here because it is, in my opinion, one of the easiest ways to start making a decent amount of money on the Internet fairly quickly, especially if you have a skill to start with.
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It's also the place where I started back in high school, I started a freelance web design business and I put up a website trying to get clients, and I actually landed a few that helped pay my bills throughout College. Now I will admit that a lot of the clients I got didn't actually come from the Internet. Some of them came from word of mouth referrals in my local area and for other ones, I was actually making cold sales calls trying to get clients. But eventually I did get two clients who found me through Google searches, and they hired me for ongoing web work.
If you want to talk about numbers, I think the first website I ever built, I charged about $350 for and the last one I built before I moved into blogging. I charged around $2,000 so you can make some pretty good money doing web development, whatever you want to do. If you want to get into freelancing, you first have to learn a skill that is in demand and that ideally you can do over the Internet. So I'm talking about things like web development, video editing, podcast editing is a big one.
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Another option is actually doing in person services, but marketing them over the Internet using geo targeted ads or by just targeting people in your area in other ways. This could be things like photography and videography, maybe being a wedding photographer doing interior decorating or. And I'm surprised this is a thing, but I researched it and it is you could become a decluttering and minimalism consultant. Did you say minimalism? In fact, you can even go get your KonMari certification to help people channel their inner Marie Kondo and declutter their lives.
We live in a weird world. But hey, that's the thing you can do anyway, with freelancing. The great thing about it is that the investment you have to make up front to provide that value usually is going to come in the form of time and sweat. You're often not going to have to spend a whole lot of money. For instance, as a web developer, I learned pretty much everything I know for free just looking at blogs, online resources.
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And that was over ten years ago. Today, the resources for web development education that are free are vastly better than they were when I was learning. Khakademy is a great example. Ok, three tips for getting started as a freelancer. Number one, and this is super important.
You have to build an online portfolio, have a place where people can look at the work you've done for clients in the past and judge whether or not your services are going to be right for them. If you don't have any clients right now, do some work on your own or possibly do some spec work for a nonprofit or something just to get some experience under your belt and a project that you can show off. Number two, put what you do and where you are in your social media BIOS.
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People like me often go to Twitter and type in things like freelance, graphic designer, freelance motion graphics artist. And then I will just start clicking on profiles, looking at the Pin Tweets, looking at the URL and the profile. Hopefully it's a portfolio, and I've made hiring decisions based on that kind of search process. So do it. And finally, number three, build relationships with other freelancers who offer complementary services.
So if you're a freelance video editor like Tony, you might want to build some relationships with freelance motion graphics artists. That way, if a client comes along, who needs both services, if they find the other person, they might be able to refer you and vice versa. Our second method for making money on the Internet is affiliate marketing. So getting into affiliate marketing means essentially becoming an unofficial salesperson for another company. You sign up for their affiliate program, you put links to their products on your website or in your YouTube video descriptions.
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And then when people click those links or use your discount code and buy that product, you get a Commission of that sale. Affiliate marketing actually drives a significant portion of the revenue that comes into my business, particularly over on my website. College Infoggeek, for example, Skillshare's affiliate program pays $10 whenever anybody signs up through my link. So on my website, I have all these little ads up for my own courses over on Skillshare. Whenever anybody clicks those and signs up, I get $10.
The Internet's biggest affiliate program is Amazon's. Now the Commission they pay on most product sales is pretty small. But the upside of participating in that program is that well, you can link to pretty much any product on Amazon, and there's millions of products. So sites like the wire cutter make pretty much all of their income by creating buyer's guides guides on the best headphones or the best Bluetooth Speaker. When somebody comes in and clicks the Buy button on their recommendation, they get a cut cut of of that sale.
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