Ways And How To Create Wealth Online: 5 Key Strategies

Ways and How To Create Wealth Online

If you are on this page, it is because like most people you are seeking ways and how to create wealth online. I am going to share with you awesome ways to make money online. I know that there are lots of get rich quick schemes out there that fail to deliver.

The following 5 Key strategies are proven and will continuously deliver when implemented correctly. 

  1. Building a Website / Blogging
  2. Freelancing
  3. Dropshipping
  4. Affiliate Marketing
  5. Retail Artbitrage

Making Real Money online requires due diligence, value creation and perseverance. That is the base foundation. Hopefully, this post will help guide your steps, towards achieving your goal. Let’s kick of with strategy number #1

1. Building a Website / Blogging

Building a website/blogging is a tried and tested way to make money online. Several bloggers have been able to create Six figure income streams by following this approach. I would make one thing clear. This is a long-term approach that requires patience. Did you just ask me something? Did you ask why this is a good idea and how to get started? 

Let me first tackle the why, then we can discuss the how. To make real money online requires you to serve an audience. You will be doing this through creating valuable content. As you audience grows you get traffic and down the line, you will be able to monetise.

The second question is how to get started? This sometimes is where most people get misguided. It is relatively easy to get started but requires effort to reach your goal. You need the following :

  1. A Domain or Sub – Domain 
  2. A Hosting Platform 
  3. Quality Training & Support Community

A Domain or Sub - Domain

This is essential because it is your own private real estate. You need to create your own brand. My recommendation for domain purchase is GoDaddy

You can kick start with a sub- domain. However, I would advise that you purchase a your own domain down the line and convert. This would help you establish your own brand. 

A Hosting Platform

You need a hosting provider to host your site on the web. I have listed some suggestions below:

  • BlueHost
  • SiteGround
  • Hostgator

Quality Training & Support Community

As an new starter, this is essential. You need to learn your trade. There are things you know and don’t know. Having access to good training and other successful bloggers played a major role in my development. I know what you might be thinking. Where and how do you find an honest, no bullshit platform that truly delivers. It took me a while to filter the noise. My rule of thump is simple. A good training and community platform, should give you access to the the platform for free, to enable you check out and see if it is worth joining.

2. Freelancing

Freelancing is a quick effective approach, to make to make money online. It will not make you super rich but it will help your transitional phase. Especially if you are struggling to generate income. 

Everyone has something they are good at doing. What are your skill-sets, that you can offer at a competitive price? Are you a good writer? do you understand search engine optimization (SEO), can you create websites? are you good at plumbing, building, designing etc. There is always someone out there, willing to pay for your services.

You need to make your services visible to the online world. There are several platforms that enables you achieve online visibility. I have listed some cool suggestions below:

  1. Fiverr
  2. PeoplePerHour
  3. UpWork 

These platforms are free to join. All you need to do is  create your profile detailing the services that you are willing to offer and set your price. 

3. Dropshipping

Dropshipping is a good business model used by online entrepreneurs. This approach requires you to build an online shop without having to handle any inventory yourself!

Let’s discuss how to get started. First, you need to find products to sell and suppliers who are open to dropshipping (This could be sourced from Alibaba or Aliexpress).

After you find your suppliers, you then set up an online storefront for the products on Shopify or other similar platforms. This is a very profitable business model and the concept is simple. When orders come in from buyers, you facilitate with the suppliers to send the products directly to the customer.

You have low cost overheads and able to operate from anywhere in the world. Your efforts are mainly focused on marketing campaigns. To create product awareness and get traffic to your online store.  Like any other worthwhile venture, it takes time to establish in the beginning. However, this model could lead to great rewards. If your service delivery is great and efficient. Creating high quality customer experience is essential for repeat business. 

If you are truly capable of managing and facilitating the process. This model presents a win win scenario. Most businesses abroad are open to partnering with a legitimate professional. 

Affiliate Marketing Flowchart

4. Affiliate Marketing

Affiliate marketing simply means promoting other peoples products to earn a commission. The process diagram above is explained in my second related article below (Beginners Guide To Niche Affiliate Marketing). 

Most modern business favor this marketing business model. For example Amazon, Ebay etc offer affiliate programs. All you need to do is sign up, promote and earn. I have written comprehensively on this Business Model. Please refer to my earlier posts below for an in depth breakdown. 

Related Articles

I understand that time is precious commodity. Therefore, I will briefly touch on the relevant parts to the our topic of discussion. Whilst Amazon and Ebay are brilliant affiliate programs. In my opinion, they do not offer the best rewards for your time and effort. Why do I say so? Both of these platforms offer their affiliates around 4- 8 percent (%) commission for each sale. I do not wish to discourage anyone pursing these programs. In-fact, I do have websites used to promote Amazon products. However, there are opportunity costs to consider. 

What Is Opportunity Cost?

In Economics the term opportunity cost simply refers to the “alternatives forgone”. Do not worry, I will explain in detail. For instance, It would take you the same time and effort to promote product (X) that pays 10% commission, and product (Y) that pays 50%. You are also probably going to expend the same amount of resources in the process.

The opportunity cost of promoting product (X) is the 50% commission that you could have earned by promoting product (Y). This becomes the “alternative forgone” in the transaction.

There are affiliate programs that offer between 30 % – 70% recurring commissions for each paying referral. You can find these products on platforms such as Clickbank and ShareAsale

Coin eyes

Cool Affiliate Products

If you are struggling for product suggestions. I have compiled  few cool affiliate products for your consideration. These products are relevant for all market niches. I have used all these products and can assure you that they are legitimate offers that will bring value to your business. I can not guarantee that you will be accepted by all. Some have stringent requirements for acceptance. However, all offer quality value for your time and efforts.

  1. Clickbank University
  2. Super Affiliate System
  3. Clickfunnels
  4. SFI
  5. Stencil
  6. Crowdfireapp
  7. Aweber
  8. ConvertKit

5. Retail Arbitrage

Retail Arbitrage is another fairly simple concept. This requires you to source valuable products mostly from different geographical markets, at a relatively low price. Some of these products would require some sort of uplift (ie repackaging). You will have to facilitate the required product uplift. Arrange for shipment and introduce into intended market at a higher price. 

Most entrepreneurs source products from Asian markets (ie China). Taking advantage of the low cost of production in such markets. Repackage and introduce into European markets. The current market trend involves sourcing for products, repackaging and facilitating sale and distribution through the Fulfilled by Amazon (FBA) business model.   

FBA is a fast growing  awesome business model. All you have to do is source the product. After product uplift, arrange for the products to be sent to the required Amazon warehouse. They will facilitate shipping and customer deliveries for you. This business venture could yield you huge profits, if you source a good product.

Conclusion

These approaches and strategies are used everyday by entrepreneurs to make Real Money online. These strategies are effective but require time, effort and due diligence from you. Great results don’t just happen, they happen because we make them happen!

Thank you for reading, much appreciated. If you ever need a hand or have any questions. Please feel free to leave them below. I will be happy to help you.

I offer 1-2-1 mentoring that helps guide beginners to avoid the usual pitfalls in online marketing. To learn more about my coaching program. Please contact me using my contact form. Due to other commitments sometimes I am unable to offer this service. If you would need my support, go ahead and  schedule an appointment so we can discuss your immediate needs and access suitability.

About The Author

Anthony is a UK certified business strategist and consultant. An entrepreneurship mentor and ezine published writer.  He embraced entrepreneurship after experiencing an existential awakening. Anthony helps entrepreneurs, aspiring entrepreneurs and small business owners achieve success. You are invited to check out his services page and connect with him via the following social platforms:

Facebook   Linkedin    Instagram  Twitter  Webtalk

Spread the word

Share on facebook
Facebook
Share on pinterest
Pinterest

This Post Has 44 Comments

  1. Hello and thank you for this amazing article. I had a great time reading it. Your pointers on how to create money online are on spot. Today, it is almost impossible to succeed online, without a website. Good news that at least today, it is easy to create a website. This takes no longer then 1 minute.

    I think affiliate marketing is my personal preference. I can not say for all, but is one of the most lucrative way of building income online. Wealthy Affiliate truly offers great deal and I advise anyone to give them a try. They will not regret it.

    Thank you for this article.

    Strahinja

    1. Hi Strahinja –  Your kind words are appreciated. Having a good structured website is essential because it serves as a vehicle for communication and gives credibility. When people say having a website is not necessary, I simply ask them to reference a credible business that does not have one. 

      A journey of a thousand miles begins with a step in the right direction. Wealthy Affiliate is surely a step in the right direction. 

      Thank you for stopping by and sharing your thoughts. Best wishes 

  2. I like your post this what people out there searching for making online need to discover, you make us know the truth and how to make money online.

    Did you suggest Wealthy Affiliate is the best program anyone or person with no computer skill can join and become a successful in making money online?

    1. Hello Olamyde – Yes, I do recommend Wealthy Affiliate for anyone looking to establish a business online. Besides the structured step by step video training, having a community of like minds is essential on this journey. 

      One of the issues people face is the quest for instant gratification. Everyone wants to be a millionaire tomorrow without doing any work. Unfortunately, that is simply not realistic. To be successful it is essential to be around people that have achieved success long-term. Wealthy Affiliate community support platform is totally awesome. 

      Thank you for stopping by and contributing, much appreciated. Best wishes

  3. Hi Anthony

    Those are five solid ways to create wealth online. They all work but any business takes time to build. 

    I think the main reason why so many people are not successful online is because they’re impatient and give up too soon. Flitting from one thing to another without giving anything a decent chance. just wastes time and money. I speak from experience. 

    I think the best thing you can do is choose something that is going to suit you best and give it your all until you make it. What do you think?

    Mark 

    1. Hello Mark – I agree with you 100%. Rome was not built in a day. These strategies are effective when applied correctly and given time to soar. 

      Lack of focus and quest for instant gratification sets people in a wasteful merry go around. A rolling stone gathers no moss. As you said, the key is finding and focusing totally on something that suits one’s strength and drives passion. 

      Thank you for stopping by and sharing your experience, much appreciated.    

  4. Thanks for these awesome suggestions on how to make money online. I have heard of these methods before, but have only used a combination of 3 of them within this post you just mentioned.

    I think whatever method you choose though you need to have the right mindset, because making money online is definitely not as easy as some people make it out to be.

    Out of all these methods you mentioned, which one is your favorite? Also which one have you made the most money with?

    1. Hello Michael –  You are welcome. Having the right mentality is an essential requirement for entrepreneurial success. Entrepreneurs see failure as a learning curve, not a stumbling block. For every success achieved, I endured several failures to get there. 

      My favourite is affiliate marketing. I have had great results with Drop-shipping & Retail arbitrage short-term. However, I generate the most money long-term through affiliate marketing. This is because besides marketing products online. I combine affiliate marketing with networking which allows me to build teams using platforms like Wealthy Affiliate and Strong Financial International (SFI)

      Thanks for stopping by and contributing, much appreciated. Best wishes 

  5. This is powerful information, and you are offering it at a great time.  With automation and developing world production sucking up most traditional jobs for middle class workers, online is where most of us will go for opportunities.  While I’ve either worked at or considered all of your 5 models, I’ve not really heard the term “Retail Arbitrage” before, even though I’ve known people who do it on Amazon and Ebay.  While I continue to pursue some other avenues, Retail Arbitrage has extra appeal since I have warehouse and factory space with shipping dock access. Can you suggest sites where I can get more in-depth information on selecting high margin products for retail arbitrage and marketing them effectively?

    1. Hi Steve – Glad you found my content valuable. Retail Arbitrage using FBA is a good model. However, it requires deep sourcing to discover these products. Extensive market research and planning is essential. You have to do your research. Thinking both long and short term will help you adopt an effective market strategy. 

      Thanks for stopping by and contributing, much appreciated. Best wishes 

  6. Great ways to make money online. I like the idea of freelancing and affiliate marketing but I would try out dropshipping sometime and see how it goes for me.

    1. Great to see you here Eme – Thanks for stopping by and contributing much appreciated. Best wishes on your entrepreneurial venture

  7. All of the things listed here are true. There are many opportunities online, you can do freelancing blogging or being an influencer to promote products and services.

    1. Hello Rizzee – Thanks for stopping by and contributing much appreciated. It is always a pleasure engaging with you. Please feel free to reach out anytime

  8. Making money online is not an easy thing but its far from impossible.. It requires hardwork,gritty determination, knowing you are in it for the long haul…
    I want to start a blog though..I’m still trying to get some skills under my belt.. Great share

    1. Hello Obalade – You are absolutely right, it takes hard work and perseverance to succeed online. If you need tips on starting a blog, please feel free to reach out anytime. Best wishes

  9. There’s really money online if you’re just patient and hard working. Freelancing is popular here in our country but it’s a bit hard to find a good client nowadays. I still continue looking for a job online though.

    1. Hello Meldred – You hit the nail on the head there. Working smart and perseverance is the way forward. Keep pushing forward towards your dreams and feel free to reach out anytime.

  10. I’ve been trying to build my network online, freelancing and the likes. The downside is they keep on asking for experiences that I currently don’t have. I know one day I will get to meet my first ever client.

    1. Hi Tahong – Happy to see you here. I can relate to the difficulties you are experiencing as you build your online network. I would suggest that you consider doing some free jobs to build your portfolio. This would help you fill the experience gap. Please feel free to reach out anytime. Best wishes

  11. I will like to build and own a blog maybe a tech blog. I love to teach others tech stuff I will have to start working towards this. Thanks for the lead.

    1. Hello Steven – The resources you need to start a blog are simply a domain and hosting account. If you need help on how to set this up, please feel free to reach out anytime. Thanks for stopping by and sharing your thoughts much appreciated. Best wishes on your entrepreneurial venture

  12. I have been doing freelance since 2012 and yet this is not easy. For one a lot of people are so used in corporate jobs that making money online is being discredited. My dad for one does not believe in it and it hurts.

    1. Hi Scott – I can relate to your experience. Unfortunately, It is not possible to change everyone’s opinion. Focus on staying true to yourself. The people that doubt you now will praise you later. Keep pushing forward towards your goals with passion and feel free to reach out anytime.

  13. I find your articles extremely helpful and resourceful. Just one question regarding blog creation – Is it better to use a paid domain or are free blogs also just as effective?

    1. Happy to see you here Roy – Depending on your objectives both would be effective, but having a paid domain gives you more authority. The important thing is the message you convey to your audience. It is always a pleasure to engage with you. Thanks for always contributing. Please feel free to reach out anytime

  14. I am a freelancer and I have enrolled on quite a few freelancing sites. It’s a very good way of making money but you need to constantly improve your skills to climb higher.

    1. You are absolutely right Meg – The money you make is based on your skill level. It is necessary to keep growing and learning new skills to be successful. Thanks for stopping by and sharing your thoughts much appreciated

  15. Of all the methods discussed here I believe Affiliate Marketing is the best route to go. If done correctly one stands to make a lot of passive income which is always a welcome thing 🙂

    1. Hi Patricia – All the methods are effective depending on one’s level of knowledge and expertise. Affiliate marketing is a cost-effective route to passive income generation. Thanks for stopping by and sharing your thoughts much appreciated

  16. I’m happy to have expanded my knowledge from this post. I never knew about drop-shipping but now I am better informed and might even look into trying it out!

    1. Great to see you here Oliver – Glad you found my content informative. Please feel free to reach out anytime much appreciated

  17. Combining all these methods and eventually figuring out what you can perform best in is the way to go. Ultimately it’s dedication and persistence that really determine if you become successful making money online, regardless of the method or path chosen.

    1. You hit the nail on the head Daphne – It all depends on the effectiveness of the individual and how well they can perform these strategies. Perseverance and consistency are key factors regardless of the adopted strategy. Thanks for sharing your thoughts much appreciated

  18. I’ve heard people make money online but I’v never quite understand how. This is very informative, i love the retail arbitrage, it can work greatly for me.

    1. Hello Grace – Happy to know that you found a strategy that is suited to you. Several entrepreneurs practice and achieve success through retail arbitrage. Best wishes on your entrepreneurial venture. Please feel free to reach out anytime

  19. I am doing some freelance online writing job now but sadly it doesn’t pay well. I want to learn more about affiliate marketing. I feel like there’s more money there.

    1. Hello Leigh – Great to see you here. Yes, there is money in affiliate marketing if you apply the marketing skills required. Your writing skills will be a great advantage for you. All you need is a set up a blog, choose a niche and start promoting products that offer value. Please feel free to reach out anytime. Thanks for stopping by much appreciated.

  20. Starting a blog is not a big problem but to keep it running and marketable is the challenge. I’ve learnt a lot here to try out.

    1. Hello Barak – Happy to see you here. You are right the challenge is in sustaining and turning a profit. Like everything in life what you need is the right application to achieve success. Keep on growing by learning every day and applying the knowledge acquired.

  21. I appreciate this informing tips about creating wealth online. I’ve been dreaming about working online sucesfuly but have no great ideas to go about it.

    1. Hello Janet – Glad you found my content informative. Please feel free to reach out anytime. Thanks for stopping by much appreciated

  22. Thanks for the very informative article I have really learned a lot. Especially about affiliate marketing and making money online and stuff I will try some of the methods and see how it goes.

    1. Hi Robert – Happy to see you here. Glad to know that you are considering to apply these wealth strategies. Please feel free to reach out anytime

Leave a Reply

Close Menu