LESSON #4: 18 Ways to Make Money Online
Thus far, I’ve given my definition of what an online business is, and I’ve given you what I feel are a few prerequisites to becoming a successful online business owner.
So now let’s get more detailed as we drill down closer to what you’ll actually be doing. A lot of people say they want to make money on the internet, but they really have no idea what that looks like in real life.
One of the problems is that there are literally thousands of ways to make money on the internet…
(Watch this video…)
Main points:
Some ways to make money online include (see video for details):
Action steps:
Your action step today is optional. And it’s simple:
1) look around and see how big the picture is, and how numerous the opportunities are.
If you want to look around and see what else is out there, now is the time… NOT when we’re on lesson #55 and you’re in the middle of following my online business blueprint. Because once we get started, I want you to commit to following through and finishing it, because if you don’t finish it you won’t succeed with it.
Now IF you do go out and research some of the opportunities I’ve just mentioned, remember what I said in Lesson #3… don’t buy stuff unless you know what you’re doing!
I know this goes against the grain of what most marketers would do in my situation. I should be reeling you in and hooking you on my own idea. But I don’t want to do that. I want you to understand the scope of opportunity out there, and then choose to follow my lessons because you WANT to. Not just because you feel like its your only option. And if you’re confident in your decision to follow my blueprint, you’ll be much more focused, and you’ll be more likely to stay the course.
As always, you are welcome to post your questions and comments below.
Have a great day!
Thank you for giving this great 18 ways how to get the money. I think here affiliate marketing and arbitrage marketing is very useful in this internet marketing.
Hi Steaphen,
If you look at Erics Marketing Tips and Business Opportunities on the right hand side of his website…you’ll also get a lot more ideas…some really good archived stuff!
We Give You 120 Individual Turnkey Websites With Your Paypal ID On Each
http://www.Instant-Paysites.com
Thanks for the paid weblog list, Eric. I’m interested in it from the advertiser side but it’s a great list anyway.
Why do you prefer Rentacoder over all the other freelance code websites?
Thanks btw for summarizing the video in text. Personally I much prefer text to audio or even video.
Thanks Alec (I used to think your nickname was La Vie until I checked out your site LOL… nice dance pics and other stuff BTW, you’re a true artist)…
The reason I like Rentacoder is twofold. First, it’s what I’ve become comfortable with, and I’ve had good success with it. Second, they have a very good escrow system, and a very helpful ebay-style feedback system.
Hi Eric
It’s very interesting to go through your article which are really helpful in making a great success in make money Online.
Thank you very much for sharing your stuff here and I’m very happy to see posts like this.
Internet wealth generation
Hi Eric -
What a great blog! Just found out about it from Joel Comm’s blog/site.
You are so right about researching before spending money. There have been countless times that I was about to buy into some business that had me “sold”, but once I researched the business through a Google or Yahoo search, found that the business was a scam or worthless.
I suggest starting a business on a subject that you are passionate about from the beginning. Something that you enjoy talking about, writing about and helping others with.
You can then pretty easily learn how to construct a website about it (if you don’t already know how), and you’re on your way!
Knowing the subject matter of your business is most of the battle!
Thanks Bob..sounds like good advice!
Hey Eric I was watching video lesson#4. It stopped at number 16. Could not get it to play anymore. Someone needs to look into this.
Thanks
Sandy
Sorry about that. It is possible that your internet connection had a momentary inturruption. The other possibility is that your computer was low on memory. I suggest try closing all programs, and then try again.
Hi Erik,
Just one word-”wonderful”!
Thanks,
Andy
Hi! Eric,
I am still in process of starting my on-line business.
Your Lessons are great help and support for me to understand the business first and than start.
One thing more, dont you people like Asains as I have seen no comments from a person belong from Asia like me.
Any way you are doing great job.
Regards/ Iftekhar Hussain
Of course I like Asians! LOL… but I wish I had more. Look at the map on this post, you will see some Asians on the map…
http://www.ericstips.com/tips/aweber/
Hey Eric!
Carly here. I just want to say that I think what you are doing is amazing. Totally inspirational and I personally will be following all the way and learning from you.
Being on the show taught me a lot, it really did. But nothing beats step-by-step action to follow through with.
All people really need on the internet is a mentor. Someone to guide them. And very few do this without an ulterior motive.
You have shown yourself to be an amazing leader with helping your loyal fans and I’m proud of you!!
Please say hi to Melissa, Kaitlyn and Hannah for me. They must be very proud of you.
Big hugs
Carly x
hey Carly:) It’s Nico.. I started a support community for Erics lessons, maybe you would like to be a moderater, or just interact there if you will be following Eric’s lessons. I hope all is going well with your son’s recovery! Missyaluv!
hey Carly, good to hear from you! I will say hi to them
Hi Eric,
Somehow I came accross your blog and I must say I’m very happy that I did… I think I fit perfectly into the catagory of info overload to the point of being so confused as to NOT knowing where or how to start. So your 4 lessons to date are terrific and the two options I identified as what I would market on the internet being ‘Info/digital products’ and ‘affiliate marketing’ - they appear to be the most cost effective for me also.
A question I have for you is: Will you be stepping us newbie’s through website setup’s within the 120 lessons you have?
Really good work!!
Yes I will be showing how to set up a website. Good to have you on board!
Thanks for the lesson but my Adobe Reader is still not working.
have you tried reinstalling Ronnie?
the lessons are in adobe?
Hi Eric and everyone, Liz here a newbie but im am learning, isnt he a great teacher.
Hi Eric
Great info so far. I love your approach with this of being totally honest it is very refreshing to see keep up the good work I’m looking forward to all 120 lessons.
thanks
ronald
the list of jobs is what is keeping me around i have not seen that before online, im here for all 120, committed and determined
learning is a win win anyway you put it, my opinion
My words exactly! Best of luck to you!
Great article. I really learnt alot. Very informative keep up the good Work
nice to have the picture sketched,it helps to open minds..and in the subject of getting burned,hope youll talk about that,its important to learn by others learnings to build earning,includes mitigating against the worst.so ihope youll refer to it.
Thanks Eric, you’re providing very good information at lesson 4 already, cannot wait seeing all 120 lessons.
Stef
http://stefgrandgi.com
Follow up your lessons give us more confidence on committing this Online businesses. We are sure that you will teach us on the backend setup on our sides. Sometimes we are unsure whether our setting up it’s OK or not. Normally we try to do it as per instructions, but the systems doesn’t works. Sometimes it’s diffiocult to explain as there might be certain things that we don’t understand.
Is there any best investment Online business that you think we could join to make a passive incomes today ?
Thanks,
Regards Mohd
No, not unless you already have the experience necessary, or an existing business. There are some programs I could join and make money within 24 hours by promoting it to my existing subscribers or by setting up a quick PPC campaign. But for someone who is new to the business, you need to learn more first and build the foundation of your business, otherwise you would most likely end up losing money. There are always exceptions, but I’ve seen it happen so many times…
Your apporach is very creative and innovative. “We stand on the shoulder of giants” as they say. You are definitely lending a hand to help us up.
New things are so hard to promote. Do some of your future lessons show how to promote New Products created by your devoted readers?
Sunshine to all.
I agree with Eric…build the foundation first with a good education and understanding. Just read some of the posts here and you will see how easy it is to lose money before you know what your doing.Best of luck to y
thanks a lot for your usefull tips
Thanks Eric.
I thought I was already doing internet business, but your list made me realize that doing website development and search engine optimization is actually a work-at-home job. Maybe I’ll help other folks here with web building, but with your support I can be much better with solid marketing expertise for all my clients. - Rick
You’re one step ahead
Wait until you see lesson #6!
This is agreat tip.Thanks Eric
Lot of people are attracted by the many ways of making money in Internet, and jump from one to another. I remember once I attended an Internet training boot camp, whenever a Guru say this program will make money, many flock to it and sign, some ended up signing few programs and started non. In the seminar, one of the Guru stated very clearly, start one first and see that it make money in autopilot and move to the next. The problem with many is they did not allow the seed to germinated and grow, leave it and grab the next big deal. The same guru also said, the next big project will kill you off. So stay focus.
Hi Eric, I really appreciate your commitment here, but question your statement regarding MLM. Whilst I’m not involved with a ’strictly’ MLM busines myself, I feel that it gets an unnecessary bad press.
After all, EVERY business on the planet uses the MLM concept. ie; word-of-mouth.
The JVers out there are the worst offenders. They ABSOLUTELY depend on the MLM concept. EXCEPT without the renumeration package. In other words, they pay on just one level at a time, sometimes TWO. There are no recurring affiliate commissions once you’ve ‘passed the ball’ on as it were.
It’s the same with ‘off-line’ business’ who LOVE you to recommend a friend, maybe pay an introductory incentive, then it’s ‘goodbye’ Josephine.
MLM is at least ‘honest’ in the fact that it rewards those who refer the products down ’several’ levels, making the initial commitment ‘worthy’.
Looking forward to more gems.
Pete.
Hi Eric
Great information about the ways we can earn income. I do believe that we have to take action to begin our journey. Guess we should be concentrating to start off with one or two first.
Thanks!
Edward Han
http://www.1502.us
Wondrous and Informative Lessons, from a person
who have done his `due diligence`! People talk about `due diligence`! but fail to do it. That is, I think, because they just don’t know what to do.
Eric, I have been a beginner on the internet now for about 18 months. I bought your AVB no. 1, and now no. 2.I have always been on your list in the 18 months odd. This is quite a breath of fresh air, you giving us these very valuable insights (lessons), from a marketing point of view. Please keep it up. THANK YOU.
Amazing Inspirational Ideas! I’m agreed with you that we need to “Focus” on building up one business before it growing.
I prefer info product and affiliate marketing. It’s easiest to set up and required minimal cost. Unlimited income potential!
To your success
Bryan Hee
Work from Home Secrets Report
http://workfromhomereport.pinurl.com
you will be happy when you see lesson #7 (hint hint)…
Great sincere sharing! You’re the first Guru that don’t brag your own product/services by saying” My ways is not the only way!”!
Thanks
Anna
Quickest & Easiest Way For You To Build Your Own Website For FREE!
http://webbuildesoftware.pinurl.com
Fantastic videos! I’m inpatience looking forward your all 120 videos!
Anna
Generate Huge Passive income up to $4,500++
http://hugeresidualincome.pinurl.com
Eric this is well put together but if there are 120 lessons we will not complete this for the next 4 months… right?
Im waiting for you to start and Im going to follow you to the tee… and use myself as a case study. Ive got a video camera so I’ll be taking them each day as I go along.
That’s right, it will take about 4-5 months. But that’s ok, because it took me several years to learn it. Also, the action steps will be much more involved later on.
Yeah..4 or 5 months sounds a lot better than 4 or 5 years! Thanks again Eric
Hi Erics,
Thank you so much. You reviews about many ways of online business! Surprised me. Wow! So lots. Never ever before exposed by someone on the internet.
Now I know a little bit about the whole structure of the internet business.
I’ve only acquired 3 out of so many.But still under learning process. I hope your lessons could bring everybody to the final and have a great success.
You know millions of people are surfing the internet, but how many you could imagine able to trade on the internet? My prediction is 1 out of 20,000.
So your idea is great. Able to invite people love to trade on the internet. Many people in some countries didn’t know about this idea.
They are busy with their everyday’s job and some are computer illiteracy. Thank you.
Great Information. The information you are putting here online for all of us who want to make money online is great. I am trying the Affiliate Marketing, yet I have come across all of the other methods you talk about, just from my research. You spelled it all out in an honest and helpful way. I know it probably won’t help much, because I don’t get much traffic to my blog yet, but if it okay with you I am going to add your site to my blogroll on my site. Thanks so much for all the information. I can’t wait till the next videos. You are also a great speaker, and you make everything clear, and understandable.
Many Thanks !!
Teresa Caldwell
I have fruition in you in becoming rich.
Hi Eric,
Nice list which sums up the available options. It’s always nice to learn from someone as experienced as yourself. The internet is still growing and has a lot of potential to help people reduce dependence on a job.
I look forward to more of your tips.
Thanks.
Hi Eric,
One of your ways of making money on the internet which I have already embraced is info/digital products - ebooks. But I am having a great problem as a newbie knowing how to bring quality traffic, etc to my ebooks website since the traffic I bought failed to produce anything. I hope to be all ears when you start teaching that aspect, that is administering and managing ebooks websites. Can anyone help b/4 then? I would like to know when you will start teaching this.
Keeping my fingers crossed.
Mike
http://www.ebooks4amazingsuccess.com
e-mail ebooks4success@yahoo.com
I will be doing 15-20 lessons all about traffic. But those won’t start until about lesson #63 or so. If you’re looking for information to buy before then, you could check out Web Traffic Machines . If you’re not sure if you’ll use the software, just do the $37 trial, and you’ll get a bunch of ebooks and videos that you can keep even if you cancel the membership.
Hi There
Eric, I like your approach and “bed-side” manner. Here’s a question about what you would might classify “sample fulfillment” as I am seeing an increased product push for the “how-to’s”. Do you view these as AFFILIATE programs or legitimate stand alone service businesses? (Of course there is a e-product attached to every ad and an on-going live advisor service to inflate the value). I would value your assessment of these types of on-line OP’s. I look forward to your next lesson.
Can you give me an example of what you’re talking about?
Eric,
Thanks for the “free will” offerings. I do know that MLM is legit if workable marketing is taught. Usually hype and misdirection is practiced. Really looking forward to following this through.
Hi Eric,
It is a great list.
One thing i want to mention here is,even Guru’s like you are not recommending Network Marketing.Network marketing is a legal and legitimate model to gain financial freedom.There are tons of advantages.You can attract qualified prospects online instead of bugging your family like in the olden days.
Anyway,thanks for sharing the ideas.
Best Wishes,
Kannan Viswagandhi
http://www.growing-self.blogspot.com
Eric,
You have my attention.
Very helpful lesson. I liked the way you explained these options as well as the potential earnings you’ve realised from some of them.
It actually validates the claims of some marketers …(although those I didn’t believe I had nothing to so with!) I know the list isn’t exaustive, but want to know if you class Master Resell Rights products under digital/ebook products. Or if you have an opinion on MRR products.
thanks.
Resale Rights/MRR products could be classified as a business opportunity, or they could be classified simply as products for resale. I have made a lot of money with RR/MRR products, and have found them to often have a good ROI. But the thing to keep in mind is my qualifier. Don’t buy stuff **unless you know what you’re doing**. If you know what you’re doing, then you can make good purchases of RR/MRR, and if you know what you’re doing then you’ll know how to turn around and sell it for a profit (and you already have a list or market in mind for it).
great advice for any one interested in an online business
Hi Eric,
I’ve had some success at MLM in the past while witnessing a whole bunch of people lose a lot of money and their will to go on. I agree with you - Eric - in gently warning against MLM. I think there are people who are geared to being successful MLMers and there are others who are not. Then there is the whole matter of MLM companies going the way of the Dodo bird just about the time you finally start seeing some profits and all the rest of it. So here - to sum it up is my advice on MLM for what it’s worth. (If you have the desire to work the very hardest that you can possibly work for the least amount of security you can possibly receive than MLM might be right for you.) And here’s a side note - your prospect will see first hand what you do to try and recruit them and that’s when they start asking themselves if they really want to do that too! Enough said.
I`am enjoying the tips.You are leading The Three Blind Mice to the Cheese,great tips Eric.
Eric, this is a wonderful post. I personally have been cheated of lots of money I have spent online. This is the first video that I watched and was so informative that I went back to unread mails in my inbox and read the previous 3. I am an indian and would just like to say one word for all this-AMAZING EFFORT
yeah Eric, thanks for list of business opportunities and don’t buy stuffs!!
I did buy many stuffs but most of them I
don’t need and yes I got distracted so I
am making big money yet…
anyway your tips are legitmate.
and God bless…
Eric, this info is great. Judging from the first four lessons this is exactly what I need to get me out of this quagmire. You said it…analysis paralysis. Didn’t know where to begin. Thank you so much. I look forward to all the lsessons. Susan
All this lesson is amazing, but the most important thing for me is your honesty to show the good and the bag side of each one.
thanks
Hi, Eric, all is o.k. for someone that have a perfect English, but I nedd help, because is not so much that I catch for my short English, so ¿is it possible send me information in Spanish?. Thanks
I am not able to send it in Spanish, but here are some free translation tools which might help:
http://www.google.com/language_tools?hl=es
http://babelfish.yahoo.com/
Eric, thanks for the great info. You really set yourself apart from everyone else. I’m looking forward to your next lesson.
I receive emails from at least a dozen internet marketers every day but there are only 3 that I look forward to hearing from and you are one of them.
With this new series of Tips, you’ve just jumped to the TOP of my list!
I agree…best of luck to you!
Thanks a lot for your opinion. I am looking forward to your next lesson.
Wish I’d seen a video like this a year ago! It cuts through all the confusion. Thanks so much.
Cool! I have never heard #18, paid blogger. I’m definitely going to check that out.
Thanks!
Don
Stand Tall And Lead
Erik, automatic translators are horrible. They change the sense of the words and don’t understand expressions. So I wouldn’t recommend that for Blanca or anybody.
I am taking some notes to share them in Spanish with my friends telling them about your blog -of course- that is not the same as watching your video and hearing you but it could help to all this people who doesn’t understand English.
I like your blog better day after day.
Eric:
I did not rec.the 5 ebooks as noted when I signed up. Please advise. By the way,I’m hooked on the tips. I’m trying to absorbe every word.Thanks.
Warren
Again Eric,
Sincere and to the point. I think that most people do not realize how much work is involved in creating and maintaining an online Internet business.
Great information at one place. Thanks.
I want to know what is product you sell on ebay
Eric, I agree with you about making money online.I’ve read a lot of online books and internet marketing books.They said the same thing that you have mentioned above.Your info make me more knowledgable in online business.
Visit our http://www.easyartscraftstips.com to start your own easy arts and crafts business online now. By using Eric’s tips, it is not impossible to have another millionaire in online business.
Hi Eric!
You didn’t fake it. Those are all that is there for businesses. Thanks
I just have one question. You told about MLM “if you are not in, you don’t need to”.
I’m not defending any mlm, i just want to have more indepth about that industry cause they’re talking too much about it.
Thanks.
Braveheart
THX so much that u could share the precious opinions with me!!! ^_^
its so nice.can i put this vidio in my blog? can i get any problem from adsense?.i dont know any thing.plz see my blog and suggest me to improve it.i am handicaped that to poor financially.at present i am not in a position to invest any thing.my all fingers post burns contracthers cos i met with fire accident in the year of 2005.so please help me.i want to make adsense as my full time cos i am running internet cafe for my lively hood.i was the journalist.
thanq somuch.i am forwarding mail also to you
[…] LESSON #4: 18 Ways to Make Money Online […]
This is such great stuff, Eric! Your information is informative and inspiring.
I couldn’t agree more about staying focused. With so many different opportunities available, it’s easy to become distracted and never finish any of the projects that you’ve already started.
Information overload truly disrupts your momentum and drains your action taking energy.
Thanks,
Melina
http://www.seminarswagbag.com
Dear Eric
Is there any reason behind listing the various
ways in the order above For instance why have you listed ebay as number one Thanks
great tips.. tq
Thinks Eric
I dont know what i write about you?
Millat
[…] Holmlund presents 18 Ways to Make Money Online posted at Eric’s Tips, saying, “Thank you for your consideration, and keep up the good […]
u r quite a genuine guy, we need guys like u in the net where u get drowned by the “sea of information” and “swept by the tide of confusion” once more , thx
[…] Holmlund presents 18 Ways to Make Money Online posted at Eric’s Tips, saying, “This is part of my lesson series. If you would prefer […]
Thanks Eric, for the common sense of your information. You are absolutely right, there’s so much out there and it all comes with creating a sense of urgency for buying it. I’m glad to have gone through this lesson and for the information you have provided.
thanks very much for your generosity.