How to Make Money on the Internet: 5 Different Methods

TL;DR

Learn the various ways to make money online, including freelancing, affiliate marketing, programmatic ads, brand deals, and selling your own products.

Transcript

• Thanks to hover for sponsoring this video and supporting my channel. Hey there, my name is Thomas Frank and for the past about eight years, I have made my full time living on the internet. That's been done primarily through my blog, College Info Geek, a podcast that I run and this YouTube channel with income sources ranging from speaking engageme... Read More

Key Insights

• 🤩 Providing scarce value is key to making money on the internet and avoiding price competition.
• 🤑 Freelancing is an accessible way to start making money online, requiring a valuable skill and an online portfolio.
• ☠️ Affiliate marketing can be profitable but requires finding programs with good commission rates, driving traffic, and optimizing conversions.
• 🫠 Programmatic ads provide a consistent income stream but require a sizable audience to generate significant revenue.
• ✋ Brand deals offer higher income potential but require building a loyal audience and maintaining trust.
• ✋ Selling your own products provides the opportunity for full control and higher profits but involves upfront investment and market research.
• 👨‍💼 Creating an online presence and securing a domain name are essential steps in establishing your online business.

Questions & Answers

Q: What is the main key to making money on the internet?

The main key is to provide scarce value. You need to offer something unique or of high quality that customers can't find easily elsewhere. This helps you avoid price competition and maintain healthy margins.

Q: How can I get started with freelancing?

Start by learning a skill that is in demand, such as web development, video editing, or professional writing. Create an online portfolio to showcase your work, include your skills in your social media bios, and build relationships with other freelancers for potential collaborations.

Q: How does affiliate marketing work?

Affiliate marketing involves promoting and selling another company's products or services. You earn a commission for each sale or lead that is generated through your referral. It's crucial to find programs with good commission rates, drive traffic to your affiliate links, and optimize conversion rates.

Q: What is the difference between programmatic ads and brand deals?

Programmatic ads are automatically placed ads that run alongside your content. The income from these ads is based on the number of views (CPM). Brand deals involve partnering with companies and creating sponsored segments in your content. They usually pay significantly more than programmatic ads but require a larger audience and building trust with your viewers.

Summary & Key Takeaways

• The speaker shares his experience of making a full-time income on the internet through various sources such as blogging, podcasting, and YouTube.

• He emphasizes the importance of providing scarce value to make money online and discusses the drawbacks of low-cost entry business models like dropshipping.

• The speaker highlights five methods for making money on the internet: freelancing, affiliate marketing, programmatic ads, brand deals, and selling your own products.