This could also be classed under creating your own product, but it deserves its own section because of just how much thi

Passive Income Potential — Whether or not the strategy has the potential to earn you passive income, which is money earned whilst you’re not actually working. In other words, can this strategy be mostly automated once you’ve put in the hard yards to get the business off the ground? Keep in mind that even if a strategy can be automated, there will almost always be some sort of work required to maintain your income (you can’t expect to completely set and forget a business and expect it to last forever).,You promote other people’s products through your website or other online medium and you earn a commission for each sale you refer to. The great thing is you don’t have to worry about product creation or handling, shipping, billing, customer service, etc.,It’s how many people first get started online because of its simplicity, and I’m no exception. But whilst simple, it does have a lot of potential because most good products out there have an affiliate program (if they know what’s good for them) so there’s no shortage of products to start marketing.,Commission percentages range dramatically from company to company, but it’s not uncommon to see huge commissions such as 75% of the purchase price. You can either seek out affiliate programs for the particular products you wish to promote, or you can join an affiliate network that usually has a range of products that you can promote, usually across multiple industries.,It’s more difficult to get started with when compared to affiliate marketing because you have to deal with product research, development, marketing, testing, and customer service which can take a lot of time and effort initially, but there is more potential upside because you’re in total control of the product, the price, and of course, you get to keep 100% of the profits.,Creating your own digital product based on certain valuable knowledge or skills that you have has always been one of the most profitable and reliable ways to make money online, and these days nothing has changed.,This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any significant financial decisions.,All you need is a proven idea that has worked well for others, and then to execute it in your own way. There’s room for absolutely anyone to get their slice of the insanely huge pie that is, online business.,When people ask me how I make a full-time living on the internet which allows me the freedom to live wherever I want and work whenever I want, there are certain responses I hear a lot.,If your product is good you can also recruit your own affiliates to promote your product for you. Having your own product is also a great way to earn a passive income because you put in the work once to initially create the product and then you set up the system so that it sells itself over and over again without you having to put in more work.,Learning Curve — A general estimate of how much time and effort it will take to learn the ins and outs of the strategy, assuming you’re coming at it with zero business and internet marketing experience. Don’t take the rating too literally though, as certain strategies will be easier for you than others depending on your interests and past experiences, so just use this rating as a way to generally compare between the different strategies in this post.,When it comes to starting an online business to increase your income, whether that be a few extra hundred dollars per month to help with the bills or thousands per month to quit your job for good, finding a great idea is the least of your worries.,Earning Potential — An overall estimate of how much money you can likely make using this strategy. Again, don’t take it too literally. If I mark a particular strategy as “low” potential, it doesn’t mean you can’t make a lot of money from that strategy — it just means that it’s less probable than say a strategy with a medium or high earning potential OR that it will take a long time or a lot of scaling.,I can’t describe my excitement at seeing my blood panel results on October 15. It confirmed what my daily blood glucose readings had been pointing to. By following Dr. Fung’s advice on fasting and shifting to an LCHF diet when I broke my fast, I had completely normalized my metabolism and reversed my diabetes.,I believe it would be helpful to compile a more comprehensive list here to cover more of the most effective ways to make money online being used today that will no doubt continue to be effective through 2021 and beyond.