Making a million starts with making the first $100.
In this post, I am going to show you the 3 phases to make significant money online.
Many beginners try to follow the experts to implement advanced strategies and fail to make any money from the internet.
I recommend to start small, understand the various process it takes to get paid online and then scale that for big payouts.
Here is the process you need to understand to make money online.
- Signup on websites – Each site works differently in accepting people on their website to make money. Few are paid and some are free but have some terms. Make sure you understand it. You will get used to various patterns only when you signup yourself.
- Setup payments – Payment setup is where some people struggle. Depending on your location and restrictions from your financial institution, this could vary. Many cases easier option is PayPal but some sites won’t allow PayPal. Understand the terms and identify the payment process to signup.
- Analytics – You need to track the work you put in these sites and see the results to know what works for you. Most of the sites give you reports on your performance, understand this data and also come up with a metric to measure your ROI for the work you do. Over time you will know which one to continue and the one to stop doing.
With that in mind, I broke the money making process into 3 phases.
Each phase is a gradual progression on making money online.
Keep in mind some of them works for some people and some might not. It varies from person to person, so keep an open mind and stick to the one that works for you.
Phase 1: $0 -$100
This is phase is for starters, for people who have never made any money online. They don’t understand how to get paid for doing work online.
This is a good place to start to understand your whole process of getting paid consistently.
You don’t need many skills other than time.
Spend some time in this phase to get comfortable with getting paid online. At some point, you will hit a saturation level and that is when you need to move on to the next.
Start with doing surveys and few data entry tasks online.
Here are the steps:
Step 1: Apply to all the below websites (every single one of them)
Step 2: Block 2 hours each day to review the programs and apply
Step 3: Complete surveys or tasks
Step 4: Repeat this every day
Step 5: Get Paid
These sites are the survey and market research companies, they basically collect information about market trends and report to government, companies, and research institutions for them to serve the public better.
Often these surveys are super short, which takes about 5-10 mins to complete and get paid like $5-$50. Some sites start with cents and then increase the bounty as they know more about your patterns. The more you respond the better the quality of the opportunity.
They also let you pick the survey you want to take, the frequency and so on.
Keep in mind the payout for survey various person to person and more you take the payout gets better.
Each survey companies work differently and there are tons on the internet. But the ones I listed here are reliable and could worth your time.
InboxDollars pays members to read emails, take surveys online, play games, and go shopping. New users also receive $5 just for just joining.
Click here to try Inbox Dollars.Get Paid to Read Emails, Play Games, Search the Web, $5 Signup Bonus.
You can make $800/week completing surveys at Survey Voices. All you need to do is instantly qualify, then view exclusive offers in exchange for your opinions and get access to paid surveys, clinical trial opportunities, and part-time work offers.
You can become a member of PineCone Research and get the opportunity to evaluate products before they hit the shelf. The information they collect is to help refine the products that you might end up buying.
You can join iSurvey World and learn how to get paid to take surveys like the pros. Learn the secrets of the best-paid survey. Use this information to apply for more surveys and get paid more.
Opinion City- 1 Page Survey
At Opinion City they connect you with the top market research companies who then send you surveys to help you earn money easily.
You can sign up for Swagbucks and start earning rewards, cash, and points for completing offers.
MyPoints – Earn Points for Surveys
With MyPoints you can get free gift cards or PayPal cash for taking polls, answering surveys and so much more.
You can signup for SurveyJunkie and start earning rewards and cash for their opinions.
Phase 2 – $100 -$1000
The next phase is about increasing your hourly rate.
When you know how online systems work and make money from it. You will start getting ideas to apply those ideas in your field of interest.
You can start using the skills you already have to make more money online. If you are beginning your career and yet to acquire those skills, then you can choose the one that you like to pursue and start doing that online.
This phase requires skills, mainly internet marketing and technology skills. From being a user of the internet you are transforming into a super user and a person who can do stuff for others.
To earn a significant income even to make a living here are some of the most lucrative opportunities
When I say freelancing, I mean freelancing business. The difference between freelancing job and a business is, in a freelancing job you are the primary person to do all the work.
When you set it up as a business, you are going to hire freelancers to work for you. Many don’t look at this way and end up burning them for less income, but if you look around many large companies they all do exactly that.
They find clients and get freelancers or contractors to complete the work they signup. They get paid for being a middleman.
It is easy to make it work if you pick the right space and put that initial work to find the first few customers.
More than any other opportunity, blogging is always on top of my list. It is one of the best passive income ideas online.
You create a blog and post content online this content will continue to bring traffic and revenue for a lifetime.
I strongly recommend everyone to start a blog.
Even if you are not interested in writing, you should have a blog and hire someone to write a few posts a month.
In a few months, it will grow massively and generate a ton of passive income.
Another interesting idea is dropshipping. If you are new to this concept or like to learn more see this post on How to start a profitable dropshipping business.
I recommend combining an eCommerce with your blog to make a huge passive income stream.
When you plan it right and hire few virtual assistants the whole process could be completely handed off and you can create multiple streams of income.
Also read about
Phase 3- $1000 and more
This phase is about leveraging others time and skills.
In other words, putting your money to work for you and make more money.
This section is for people who have high-risk tolerance and willingness to do whatever it takes to make money.
Binary Options Trading
If you are not aware of binary trading check this guide.
It is one of the ways to make money online, with trading it is high risk but at the same time, the gains are more. This company has a bot that makes it easy to help you with trading binary options to make money quickly.
Give it a try if you are that high-risk tolerance person who likes to make money quickly.
Crypto mining used to make a lot of money and still it kind of makes some money. If you are interested to setup mining and make some passive income, you still can (bitcoin and other coins will be around for some more time).
In order to do that, I don’t recommend setting up a whole infrastructure at home and use your time and resources.
Instead, I found this company called Fintech which can help you mine crypto-coins. They also claim to help you trade coins for maximizing profits.
If you like to play around with crypto then maybe this is something to consider.
Here is some more opportunity that is recommended by others. I have not tried it yet and can’t vouch for it.
It sounded interesting to me so want to share it if you are interested to try.
This one is an affiliate marketing software and program, it works with Clickbank, Amazon and other affiliate networks. This is a new program and I might give it a try and see it works as promised.
If you are interested in cryptocurrency trading, CCI is a method that shows sophisticated patterns to help you make money with cryptocurrency trading. Once again I am not into cryptocurrency but I know people who benefited from it.
Give it a shot if you are much more aggressive than I am.
Are you ready to make $100 – $1000 a day or more?
Making money online is all about understanding the way internet works and using the right tools to help do the work for you.
Remember, it is not going to be an overnight success rather a journey where you will need to learn new skills and figure out many things on your own.
But everything begins only when you take action and start today.
Pro Tip: Do not over analyze and try to figure out a perfect solution. There is no perfect opportunity it is just your mindset.