Hi, everybody, I am Xin Yan, a professional Investor, a part-time designer and illustrator.
I provide principle strategies and tools to help us live happier more productive lives.
TODAY, I will discuss with you about HOW TO MAKE MONEY ONLINE, I get these pieces of advice and experience from a ton of failure.
I agree that it is pretty cool that we can make money online outside of our day jobs and if we’re lucky enough to be doing a that we love at the same time.
We should talk about the essence of EARNING MOENY firstly, look at around our life if you want to earn money, there are need to have some people want to pay for you or your products. But why they want to pay for you not others?
Because you provide good value for them. You provide some kind of value that someone else is willing to pay for. So Money = A medium for exchange value
I think there are only three legit ways to earn money online
1.SELL SERVICES
2.SELL PRODUCTS
3.SELL ATTENTION
So there are three levels of making money
1.provide service
2.provide products
3.Hook attention to supercharge your power of making money
I think provide services is the most common method to earn money online. you can get orders through your friends and online freelancer platforms (like Upwork )
For example, I start selling services as a graphic designer, illustrator and web engineer, you also can find or build your skillsets to earn money online.
like:
- edit video
- writing
- UI/UX DESIGN
- Take photos
- online marketing
One thing that I grate for is I find my skillsets that combine “ Design and Illustration “ and “Invest”
Also, you can sell products online to make money
I have found that there are so many courses to teach people to earn money by drop shipping and affiliate marketing
It is so clear that you will earn money very difficultly if you do these, obviously if they can earn lots of money by the above approaches they will never teach you their strategies. At least there should not be so many courses in the market.
Maybe you would say that you want to sell your own physical products like Figure dolls, homemade toys and so on. I would tell you it must be very hard and you must take care of multiple production links like “ manufacture, marketing, delivery and maintenance. Maybe you can do it If you have a team.
I also will develop my digital products to make money when people subscribe to our services.
I think making money online by selling products should have four conditions.
- one-off cost of production
- zero cost of reproduction
- zero cost of distribution
- zero cost of maintenance
In finally, I really recommend you develop your own digital products to earn money, you can copy them using zero cost to provide value to more people.
You can make your tutorial, ebooks, especially some downloads res (Like GameDev res) about fields that you have good skills or knowledge.
You can deepen your knowledge system and earn money or lots of fans at the same time.
These will build a solid fundamental frame for your future SELF-BRAND and BUSINESS.
You can also develop your apps, website or games but it needs to learn code and develop applications need much time
I really suggest you develop your projects If you can find one or two trustworthy partners
The Level3 you can supercharge your money-making powers with the attention.
The strategies are that you should give away lots of valuable content for free, it aims to build audiences that trust you.
There was no immediate benefit at the beginning and you will get infinite power if you do this continuously.
Imagine that If you had built up a mailing list of 20000 people, then you can send them a marketing SMS when you prepare for selling your products or services. Your fans will pay for you then you will earn many times more money than before. you can also get sponsor commission by selling other’s products if you want.
That’s all, Like above that you can build your skillset now and start providing valuable content You will find incredible change In yourself just in some months.
English tips
* subscribe to
* deepen [verb]
* suggest sb do sth.
* continuously
* marketing SMS
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