You no longer have to slog away for years at a job you hate so you can feed your family and live comfortably. Today, Internet millionaires occupy most “richest persons” lists. The Internet is bursting with money-making prospects for anyone smart enough to work with what she’s got and wise enough to recognize a good opportunity when she sees one. Here are six of the best ways to become an online entrepreneur and get rich through the Internet.
- Online entrepreneur idea #1: Monetize your skills.
Are you a gifted writer? On the Internet, you can find numerous freelance writing opportunities and can be compensated well for writing articles, web content, press releases, advertising copy, reviews, blog posts, and columns. Alternatively, you can write a book and self-publish it through Amazon or Barnes & Noble. Through e-publishing platforms such as these, you can get as much as 70% commission every time someone purchases your book. Many authors have taken this route and earned millions.
Do you enjoy playing around with graphics and multimedia? Because the Internet relies heavily on multimedia experts and web developers and designers, there is always work for animators, graphic designers, illustrators, video producers, multimedia designers, sound engineers, and other similarly-skilled individuals. Start a website development company and utilize your creativity to create logos, apps, games, websites, music, and instructional materials and make a lot of money as an online entrepreneur.
- Online entrepreneur idea #2: Sell physical goods.
E-commerce is one of the most popular ways to make money through the Internet. There are various methods to do this. Some people scour flea markets and garage sales for pre-loved or never-used items that they then sell on eBay or Craigslist. Some manufacture their products themselves. There are those who earn money through drop shipping and those who curate their favorite items and sell them from an online store. It may take a while to get this kind of business going, but it has a good possibility of becoming a long-term venture and can be a good long-term income source.
- Online entrepreneur idea #3: Sell virtual goods.
This is much like selling physical goods – only easier. Become an online entrepreneur by selling e-goods such as e-books, software, illustrations, clip art, audio files, video files, and database products. This mode of online entrepreneurship is lucrative because there is a huge market for these things and because selling virtual goods is more cost-efficient than selling physical goods.
- Online entrepreneur idea #4: Sell what you have or what you can make.
One of the simplest and easiest ways to become an online entrepreneur, especially when you don’t have money to invest, is to capitalize on what you already have. Surely you’ve got a pile of photographs just sitting in your hard drive. Sell your old photos to stock photography websites and make money with practically zero effort.
If you are into crafts, think about selling them on websites such as Etsy. It’s easy to become an online entrepreneur and rake in the big bucks by opening an online store and custom-making your creations for interested buyers.
- Online entrepreneur idea #5: Trade stocks.
This is a tricky proposition, but if you’re lucky, you can make a lot of money as an online entrepreneur trading stocks. In recent years, the number of online stock traders has doubled, which just goes to show how lucrative this occupation can be. But this isn’t for the weak-kneed. Stock trading takes guts and, more importantly, a lot of know-how. Before you get into stock trading, you have to learn the ins and outs of the stock market. Read up and consult experts about buying and selling stocks online. Pick a reputable broker, learn how to identify the best stocks, and stick to low-risk trading methods when you’re just starting out.
- Online entrepreneur idea #6: Use your talents.
Are you an artist, singer, musician, or songwriter? The Internet connects content creators such as you with a worldwide audience and potential customer base. If you have a gift for music, there are various music websites where you can upload your songs and where fans can download them for a fee. If you are a painter, illustrator, or photographer, there are many online galleries that serve as the perfect platforms from which art patrons can view and purchase your work. A lot of people think that art is no way to earn a living, but if you’re really good and if you can get as much exposure as possible for your work, you can make it big.