Sat, July 20, 2019

Intro Making Money Online

One of our newer teen business entrepreneurs wanted to know how it is possible to make money online.  I thought I would give a quick primer on the basics that I talked through with him. ( If you want to know more, comment below and we will make sure to answer any questions to the best of our abilities.)

This article is short and more of an introduction type thing.  There are thousands of ways to make money online, so we start with the basics.

  1. First, there are links you can put on your web pages or in forums that pay you everytime someone clicks on that link: per click.  Each time, a small portion of money is sent to you. It is usually less that a cent, but it may work if you have a lot of traffic, like on youtube twitter, a blog or facebook.  This is known as Pay Per Click (PPC).  You can even do this with Google and Amazon.
  2. You can sell other people’s products.  It is called an affiliate.  They have the product, handle delivery and support, all you do is get people to your affiliate link and they will pay you a portion of the profits.  If you sell a $60 product, they may pay you $30.
  3. Set up your own online shop.  You can design and sell shirts, hats, mugs, . . . whatever.  There are a lot of services that offer these kinds of things.  I set up a t-shirt site.  You can see it here and open your own shop if you want.  You set how much extra you want for each shirt.  The company prints it and sends it to your customers.  It is all free.
  4. The best way to make money online is to have your own ‘digital’ products: ebooks, videos, photos,  music. . .  If you write an ebook, let’s say.  You can basically ‘self-publish’ it, meaning, you create it in a format that you want.  Then, everytime someone buys the ebook or whatever, you get paid.  You can even set up as an affiliate seller and have other people sell your product.  Make sure it is good, though!

Here is something to think about.  A digital product is something that can be distributed over and over without costing you money.  If you make something that is tangible (you can touch it) you have to keep a stock, buy supplies, etc.  While there is nothing wrong with this, we just wanted to point out in this article its focus is on digital or online money.

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Photos on flickr


Listen to this song that
Idiosyncratic Al did for us:


He is 21, so that is close enough to a teen to be on this page!

Quotes and Tweets