What Are the Advantages and Disadvantages of Dropshipping?

Have you seen those many online ads inviting you to learn drop shipping? They claim you can make a lot of money, even millions, from this online business opportunity. Is it true? Can you really?

I have done dropshipping. And today, from my own personal experience, I share What Are the Advantages and Disadvantages of Dropshipping?

Before we continue, if you like to know more
about making money with dropshipping,
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How to Make Money with Dropshipping
How to Make Money with Dropshipping? Click image above to find out

What Are the Advantages of Dropshipping?

Drop shipping surely has advantages. That is why many people do this. Here are some of the benefits:

No Need To Produce Products

One of the advantages I realized about drop shipping (versus private label) is that I do not need to produce any product. Production can be a very time consuming and costly endeavor.

To create a private label product, I needed to find a good and reliable manufacturer that could produce quality products. It required me to visit the manufacturer. I had to take time to fly there if it was in another country.

Then spend time to tour their production site. When suitable, I would require them to produce samples. Most times, this would take up quite a bit of time to get the product right.

All this costs lots of time and money.

With drop shipping, all the above has been taken care of. All I had to do was shop for a product. Ask for samples. Find them good enough. Then sell them on my eCommerce store.

No Need To Stock Inventory

With private label business, I needed to buy a product in bulk. That would be the best way because the larger the number of purchase from the manufacturer, the lower the cost. And after the items are produced, I would need to keep them in a warehouse.

Stocks and Inventory in Warehouse
Stocks and Inventory in Warehouse

First, the large number of purchase would be costly. Even thought the price of each item would be lower than a smaller purchase, the total cost would still be substantial. Plus, there is the storage fees charged by a warehouse. Not forgetting the money to ship the items to the warehouse.

When I was doing drop shipping, there was no minimum number of items to purchase from the supplier. Plus, I did not need to store the inventory anywhere. This was all handled by the supplier.

Myriad Product Variety

As you may realized by now, when I did private label product, I could only create one product at a time. Each would have quite a large cost. As such, it was prudent to produce one and sell one at a time. This is so as not to incur too high a cost.

Drop shipping is such that you are limited only by what a supplier can produce for you. And even then, you can have many different suppliers.

As such, you can sell a myriad range of products and product types. And you can even sell a wide range of products within a product category.

No Need To Do Shipping

As the owner of a product, when it is purchased by a customer, I would need to ship it to the customer. I would need to place the product in a package. Arrange with the shipping company to collect and send to the customer. all this takes time and effort.

The drop shipping model is such that the supplier can package the product for you, and arrange for the shipping to the customer. You do not need to arrange or manage the logistics for shipping. What you do need to do is to pay for the shipping costs.

Low Fulfillment Cost

Extending the above point, your fulfillment cost is lower with drop shipping. You can choose the fulfillment company that offers the lowest cost and does the job best.

Low costs
Low costs

With private label, you can still choose the cheapest and most suitable fulfillment company. But there is the cost of time taken to manage this as well as the effort to do it.

Low Risk

Earlier I shared that one of the advantages is that you do not need to keep inventory. This is a major plus point. Also because with inventory there are risks.

One of the risks is when stocks do not move. What this means is that you may think a product can sell well and quickly. But the truth is it may not. When this happens, you are stuck with unsold items. Each which has cost you money to produce.

Added to that, there is the matter of warehouse costs. Every item stored incurs storage fee. At some point, when you are faced with these costs, you may decide to cut your losses, and sell the products at a loss. Even then, when you are still unable to clear the stocks, you end up with total loss.

With drop shipping, you do not need to get inventory or store them. And this can give you a lot of savings.


What Are the Disadvantages of Dropshipping?

After some time doing dropshipping, I soon discover that there are many disadvantages to this way of making money online.

Need to Find Good and Reliable Suppliers

With drop shipping, you do not produce the products you sell. The idea is to find a supplier that is already producing the product you intend to sell. First, you have to decide what product you will be selling. Then you find a supplier who produces it.

Here is where the problem is. Many courses teach you to find a supplier in China. In China, it is difficult to find a good and reliable supplier who will produce quality products for you.

It will take you time to find one. So, you will need to invest a lot of time.

After you find one, you need to find out if they are able to produce the products in consistent quality. This comes to the next point.

Need to Find Good and Quality products

After you have found a good and reliable supplier, the next thing you have to make sure is that they have products that are good and of reasonable quality. And they must be able to produce it at that quality consistently.

Some Chinese suppliers are also the manufacturers. Some are just suppliers who buy from manufacturers to sell to you. Whichever the case, you have to make sure that they produce good products. And quality products.

If not, you will be getting a lot of customer complaints. Also, if you sell on a marketplace like Amazon, this can result in your store and products getting bad reviews. This will surely affect sales and revenue.

It is best to buy the product you intend to sell. And see for yourself if the product is really of good quality.

Poorer Quality Control

As you are not in control of manufacturing the product or shipping, there can be poorer quality control. Sometimes, the supplier or the shipping can delay. As a result the product reaches the customer late.

Sometimes, due to poor packaging, the items can reach the client in damaged condition. Sometimes, the wrong product could even be sent to the customer.

All this can happen, and your customer will be very upset. As such, you will have to deal with complaints, which can be very time consuming. Also, it can damage your brand.

Watch Supplier Stock Level Closely

Nothing irks a customer more than to see a product they like to buy that is out of stock. Or worse, when they order a product online, and are informed that it is out of stock.

With dropshipping, you do not keep any inventory. It is all managed by your supplier. Problem is, you are most probably not the only customer they have. So, there are times when the stock can run out.

You can ask the suppliier to give you a heads up when the stock runs low. But, from my experience, they rarely do.

You have to be able to watch the stock level closely. So, every day, you have to check in to see if there is enough stock for you to sell at your store. If not, you must quickly put up a notice on your store that this product is out of stock.

Constant Update of Website

As you can see, you will need to monitor the stocks. And if need be, you need to update the availability of your products.

This can be quite regular, especially if you sell really popular products that are hot and in demand. And come on. We all know that these are the products to sell, right? Otherwise, the sales volume will be low.

Watch Your Shipping Costs

You have to pay for the shipping costs. As such, you have to make sure that the shipping costs are not so high that you cannot make a decent profit.

It is not easy. Most probably the products you are selling are also sold on other stores. This means that their is competitive pricing.

You have to make sure that the price you are offering is equal or lower than your competitors. And that is with the cost of the product and shipping in mind. In the end, after all the costs, are you making enough money? Is it worth all your time and effort?

Profits Are Lower

As mentioned above, the products can be bought by any store. And sold at any store. This can result in many stores selling the same popular product as you.

This leads to high competition and competitive pricing. Today, the market is overcrowded, too.

You will need to price competitively. Then there is the consideration to price it lower than your competitors. Or else consumers will buy it from a store that offers it at a lower price.

You Are The New Kid On The Block

Lastly, there is the problem of your brand being the new kid on the block. You start a new store, and no one outside of your network knows who you are.

Without brand recognition, there is very little trust in your brand. As such, you will find many people visiting your store, but not buying anything.

So, you have to spend a lot of money on advertising. This is to create brand awareness. Ultimately, you need strong brand equity to compete in this high competition market.


The Better Alternative – Affiliate Marketing

Why Affiliate Marketing is Better Than Dropshipping?

Now that you know all the advantages and disadvantages of dropshipping, let me introduce to you affiliate marketing.

It is a business that requires less work, and still make lots of money.

Sure, maybe you like running an eCommerce store. Maybe you love the hard work of finding and choosing products. And you love to populate products on their website, and sell them online. And you get excited when customers purchase their products.

Good for you. Then do give dropshipping a go.

But if you are like me, preferring less work, and still make lots of money, then this is for you.

And while it is not completely passive income (what is really?), affiliate marketing comes close to it. And I do this business model to make my fortune online.


What is Affiliate Marketing?

You have a website that promotes other people’s products. When visitors to your website makes a purchase, you earn a commission.

You do not have to:

  • Search for suppliers or manufacturers
  • Find good quality products
  • Manage inventory
  • Check stock levels
  • Deal with packaging and shipping
  • Deal with customers

Awesome, isn’t it? I wrote about how to make money with affiliate marketing. Click here if you like to learn more about it.

I truly recommend doing affiliate programs. If you would like to find out more, below is a free video training from a affiliate marketing veteran, Kyle, of more than 20 years experience. Click on the image below to watch and learn.

How To Make Money with Affiliate Marketing
Watch Video on How To Make Money with Affiliate Marketing – Click image above now

Does affiliate marketing’s power to create passive income interest you?
Click here now to start learning how to do affiliate marketing.
(No credit card required for Free Starter Package)

Bonus for all who sign up under Timotheus

Bonus!

When you join the above program, I will be your mentor. I will guide you and help you do affiliate marketing successfully, and make money.


If you have ANY questions about What Are the Advantages and Disadvantages of Dropshipping?, ANY at all, please submit your questions as comments below. I will be happy to help you out.

As the digital landscape grows and changes, more opportunities will be created. I will continue to share more of these. To receive updates on more opportunities as well as more information on each of these opportunities, please join my I Love Passive Income Community.

Thank you for reading this.

Best wishes to All!

Timotheus

What are the Advantages and Disadvantages of Selling a Digital Product?

In another article that I wrote, I discussed about making money online by selling digital products. It sounded like a good way to earn income. But as with anything, there are pros and cons. In this article, I share with you What are the Advantages and Disadvantages of a Digital Product?


What Are the Advantages of a Digital Product?

Save Costs

When I created a digital product, I realized that one of the obvious benefits was cost savings. You would save costs because you do not need to pay a manufacturer to produce a large quantity.

Unlike the time when I was doing private label business to sell on Amazon, one of the requirements was to have at least 1,000 of the items in stock. This costs quite a bit of money.

With a digital product, I do not need to stock any inventory. Or pay for warehouse costs. And with no inventory or warehousing, there is no loss of items during any disasters such as flood, fire, or earthquake.

Servers to Store Your Digital Products
Servers to Store Your Digital Products

Save Shipping Costs

With a physical product, you will need to ship orders to your customers. This will require a shipping or fulfillment company to do that for you.

Again, this is additional costs. With a digital product, you simply send your customers a link to download the item, or send it to them direct from your server.

Quality Control

As the creator of the digital product, it is all within your control. You maintain the quality of the product to the standards you aspire to. You get 100% of the ownership and profit.

Scale Your Sales

It is also easy to scale the sales for a digital product. Again, with no reliance on another party for production, you can create a product once, sell and deliver it to missions without any worry about logistics or fulfillment.


What Are the Disadvantages of a Digital Product?

High Competition

A couple of years ago, during a chat with another online entrepreneur, I asked why so many online business people are selling online courses now. In the past, they were selling eBooks. His answer was that eBook sales have dropped.

So, this brings me to one of the disadvantages of a digital product – Competition. There are plenty businesses out there competing with yours.

Many people are either already selling that digital product or have just started selling it. And this competition can make it quite an uphill climb before you start seeing some profits.

19% of small businesses fail because their competition out-performs them.” – CB Insights

People Still Need To Touch a Product

Another disadvantage is that people are still very much tactile in behavior. They like to go to a store, find the product, touch it and feel it before they buy it.

This is especially true for products that have higher involvement; such as high ticket items. With the latter, people prefer to buy at the store.

You Can Sell Products On Your Blog
You Can Sell Products On Your Blog

Technical Problems

Digital products reside in electronic equipment. For example, an eBook you are selling would be stored in a server. Any technical issue, for example server downtime, would be detrimental.

When a website is down, it can result in loss of sales and a lot of unhappy customers. For example, back in 2013, Amazon was down for 40 minutes. This cost them 5 million dollars. To Amazon, this may not be much. But to small business owners like you and me, it can mean the year’s losses.

Loss in Brand Equity

More importantly, the unhappy customers can mean a loss in brand reputation. Brand reputation is an intangible business asset that can be very difficult to recover when it is lost.

So, it is very important to get a good and reliable hosting service.

Get The Best Reliable Web Hosting Service That I Use


What are the Advantages and Disadvantages of a Digital Product? – Passive Online Revenue Final Word

Passive Online Revenue Logo

As you can see, there are advantages and disadvantages to selling a digital product.

But does this mean it is not something you should consider?

Of course not.

Why do you think there are so many people doing this type of online business? Look at Etsy. Some people are creating digital printables, and selling them there.

More importantly, you have to decide whether selling digital products is your cup of tea?

It is still a product, and you still need to spend time and effort to create it before you can sell it. And if you are selling a number of digital products, that will require a lot of time and effort from you.

For me, I prefer business models that are as close to creating passive income as possible. And that is why, after doing many types of online businesses, I focus more on affiliate marketing.

Don’t know how to do affiliate marketing? Neither did I many years ago. Then I found Wealthy Affiliate, and it is the best online training program to learn affiliate marketing.

My #1 Recommendation

Would you like to learn more about Wealthy Affiliate and affiliate marketing?


If you have ANY questions about What are the Advantages and Disadvantages of a Digital Product?, ANY at all, please submit your questions as comments below. I will be happy to help you out.

As the digital landscape grows and changes, more opportunities will be created. I will continue to share more of these. To receive updates on more opportunities as well as more information on each of these opportunities, please join my I Love Passive Income Community.

Thank you for reading this.

Best wishes to All!

Timotheus

How to Make Money From Home Online With 16 Profitable Ideas?

The coronavirus pandemic caused by Covid-19 has changed the world. Most of us are now staying at home. Some are working from home. And many are wondering How to Make Money From Home Online With 16 Profitable Ideas?

The reason for wondering about this is to make money. If you still have a full time job, and are working from home, you may be wondering how to continue to get income should you ever lose your job in this turbulent and unpredictable time?

Or if you are already without a job, this is an obvious question. An income can help you buy food and other necessities for you and your family. It can pay the rent and bills, too.

I can understand. And I fully empathisize. I have gone through what you are going through, financially, during the dot com bubble burst and the Asian Financial Crisis. After those two painful lessons, I made the decision to use my digital marketing skills and create online businesses to generate income.

I have tried many of the methods I present to you here. And will give you my honest opinion which works and which does not. Or at least what are the things to watch out for should you try any of the money making options below.


#1

How to Make Money From Home Online Doing Affiliate Marketing?

Let us start with my favourite. That is, affiliate marketing.

It is not intentional that this is the first option for making money from home online. It is just that I am presenting them all in alphabetical order. And affiliate marketing starts with the letter ‘A’. So, it is the first choice.

I really like affiliate marketing because I have tried so many different ways to make money online. And I found this to be the best way that is closest to creating passive income.


What is Affiliate Marketing?

Rather than bore you with the details in text, let me share a video that you can watch and enjoy. And at the same time, easily learn more about affiliate marketing.

It is the video by Kyle, an affiliate marketing veteran of more than 20 years. From his years of experience, he shares his knowledge about what affiliate marketing is all about. Click on the image below to watch and learn.

How To Make Money with Affiliate Marketing
Watch Video on How To Make Money with Affiliate Marketing – Click image above now

Are You Keen to Create Passive Income?

Learn Affiliate Marketing Now!
(Try for Free, No Risk, and No Credit Card Required)

Bonus for all who sign up under Timotheus

Bonus!

When you join the above program, I will be your mentor. I will guide you, help you do affiliate marketing successfully, and make money.


#2

How to Make Money From Home Online Selling Digital Products?

Digital products are those that are in a digital format. They do not have a physical form. But they can be converted to a physical form. For example, a printable design can be printed into a physical sticker.

How to Make Money with Digital Products?
How to Make Money with Digital Products? Click above image find out

There are all kinds of digital products you can create. For example, a video, graphic, design, art, etc. And you can earn a very good income if you are able to create something that is in demand.

For more information on How to Make Money With Digital Products, click the button below.


#3

How to Make Money From Home Online With Dropshipping?

Dropshipping is becoming a popular way to make money online. You do not have to stock any inventory. Just find a product to sell. Find a supplier. And sell it on your eCommerce store.

How to Make Money with Dropshipping
How to Make Money with Dropshipping? Click above image find out

I have tried this method of making money. There are advantages and disadvantages to it. And, due to the many disadvantages, I did not enjoy doing it. Although, I would still do it in the future. But for now, I will not do it. If you like to find out why, click on the button below.

For more information on How to Make Money With Dropshipping, click the button below.


#4

How to Make Money From Home Online Selling on eBay?

eBay has been around for a long time. And many people are still making money on this massive marketplace. You can too!

You have to set up an account with eBay, have a product, and list it on the site. When people buy your product, you have to fulfill the order. And you make some profit from the sale.

How to Make Money with eBay
How to Make Money with eBay? Click above image find out

I have experience selling on eBay. And I share my knowledge on an article I wrote. To read the details including how to set up an account and sell on eBay, the pros and cons, how to choose a niche and product, how to find suppliers, and how to fulfill orders, click the button below.

For more information on How to Make Money With eBay, click the button below.


#5

How to Make Money From Home Online Writing An eBook?

To be honest, it is no longer easy to sell eBooks. The competition is very high. And it is a tough sector to be in.

But, if you love writing. And you have a flair for words. Then, by all means, try this. You can publish your eBook on Amazon, or many publishing sites. When people buy your book, you earn revenue.

A word of caution. Unless you have a story or idea that is very unique, and can capture the adoration of millions easily and quickly, be ready for a long journey of disappointment.

An eBook can still be effective. You can use it for marketing. You can use it as a free gift offer to build your email list. Just like I did with the eBook below.

Would you like a copy of the above eBook? Click on above image to get it now.

Would you like a copy of the above eBook? Click on above image to get it now.


#6

How to Make Money From Home Online Selling On Etsy?

If you are good at arts and crafts or producing your own unique hand made product, then you can sell it on Etsy. Some successful people are making up to seven figures on this platform.

How To Make Money From Etsy
How To Make Money From Etsy? Click above image find out

You will need to know how to create an account and an Etsy store. Find out how, click on button below.

For more information on How to Make Money Selling On Etsy, click the button below.


#7

How to Make Money From Home Online Doing Freelance Writing?

When I started doing freelance work, one of the skills I hawked was copywriting. I could make decent money from this endeavor. I love to write, and found it easy to do this.

But,the disadvantages were many. As a freelancer, I was actually a one-man show. I was the admin, the marketer, the telemarketer, the sales guy, the copywriter, the account, the customer support, the accountant, and all the other roles in a business.

Sure, I was my own boss. But I had to do it all. The upside was that I can work from home or anywhere I like with my laptop (as long as there is WIFI).

The hours? Do not let those selling you a writing course to tell you that you can work at your own pace or choose the hours of work.

Make no mistake. This is a full time job. And you answer to clients. So, you work according to their schedules and deadlines. And to do so, you work the same hours they are working, and most probably more.

As you can guess, I have left this choice of business. I now do my preferred way of making money online, and that is affiliate marketing.


Are You Keen to Create Passive Income?

Learn Affiliate Marketing Now!
(Try for Free, No Risk, and No Credit Card Required)

Bonus for all who sign up under Timotheus

Bonus!

When you join the above program, I will be your mentor. I will guide you, help you do affiliate marketing successfully, and make money.

But if you still would like to try freelance writing, you will need to have a website with a portfolio. Have some samples of work shown on your website.

Then you can write to businesses to ask if they need a writer. Or ask your network for recommendations. Or you can join gig sites like Fiverr or Upwork to get freelance work.


#8

How to Make Money From Home Online Doing Graphic Design?

This is similar to the above’s method of making money doing freelance writing. The difference is that you offer graphic design.

Just like freelance writing, this will be like running a business. And you will have to do every aspect of the business. Also, you will be facing the customers, and creating designs that please them. After all, they are the customers.

Also similar, you will need a website to showcase your creative and artistic talent. And you can also tap on Fiverr, Upwork or your network to get projects.

Again, I have tried this. And I still prefer affiliate marketing. Maybe it is because I really like passive income. And affiliate marketing comes closest to this than any of the methods mentioned here.


Are You Keen to Create Passive Income?

Learn Affiliate Marketing Now!
(Try for Free, No Risk, and No Credit Card Required)

Bonus for all who sign up under Timotheus

Bonus!

When you join the above program, I will be your mentor. I will guide you, help you do affiliate marketing successfully, and make money.


#9

How to Make Money From Home Online Doing Print On Demand?

When I heard about Print On Demand, I thought it was one of the true ways to create passive income. The concept is that you create designs to be printed on merchandise; for example t-shirts or cups. And when someone places an order, the product will be created and sent to your customer.

You do not have to do anything else except to keep creating designs. Does that not sound like passive income?

But I found out it is further from the truth. There is a lot of work to create awareness of your brand and products. And you have to spend some money to promote and advertise.

If you are on a tight budget, then do not attempt this yet. You may end up wiping out your funds before you start to make any money.

If you like to try Print on Demand, and have some budget to spare, then set up accounts on Print on Demand sites such as Teespring, Cafepress or Zazzle. Start creating designs and adding them for sale.


#10

How to Make Money From Home Online Doing Proofreading?

There are companies that will pay you to proofread documents. If you are good at spotting errors, spelling mistakes or grammar issues, then this can be a way to earn some income. Of course, you must love reading, too.

Another skill you need to have is to be good at understanding various styles of writing. Remember, this is not an editor role. You just need to understand the writing style to be able to proof read accurately.

One more skill that will get you more projects is to be knowledgeable in a broad range of subjects. I find it much easier to proof read a document on a subject that I am familiar with. As a result, I do a better job.

Take note that you have to be very good at this job. Any poor quality submission will result in you losing the job opportunity with the company or even not getting paid. You do not want to spend time and effort, and end up without income.

Here are some sites where you can find proof reading jobs. They are Scribendi, Prompt, Scibbr, and Proof Reading Services. Apply online, and get assigned jobs to start earning.


#11

How to Make Money From Home Online Starting A Blog?

Do you have a topic that you are passionate about? And do you love sharing about it? Here is an idea that you must consider.

Start a blog about that topic you love!

Just like how I love creating passive income, and constantly look out for online passive income opportunities. This passion gave birth to this website and blog where I share my knowledge as well as ongoing information that I learn.

But do take note. Blogging is not a get rich quick scheme. It will take time for you to drive traffic to your blog. And that will require a lot of effort to constantly write posts.

And with perserverance and patience, your efforts will pay off. You will find that your blog will become a lucrative business for you!

One way to earn money from your blog is to attract advertisers who will pay to advertise their products on your blog. Another way, which is what I do to make money online, is from affiliate marketing (that I mentioned at the start of this article).


Are You Keen to Create Passive Income?

Learn Affiliate Marketing Now!
(Try for Free, No Risk, and No Credit Card Required)

Bonus for all who sign up under Timotheus

Bonus!

When you join the above program, I will be your mentor. I will guide you, help you do affiliate marketing successfully, and make money.


#12

How to Make Money From Home Online Doing Surveys?

I have tried this. And to be honest, there is not a lot of money to be made here. If you have some free time, and prefer to use it to earn a little bit of income. And I really mean very little bit. Then this is an option.

There are sites that offer you to do surveys. It will not take up too much of your time. And after you complete the survey, you get paid.

As you can see, it requires a bit of time, and not much effort really. So naturally, the earning you get will be just a little. Some surveys pay as low as $1 for a completed survey.

Also, do note that many do not pay cash. I did one that gives me points. After I get enough points, I can convert them to rewards. It will take a lot of points to get a reward.

Some of the survey sites include iPoll, SwagBucks, Survey Junkie, and JoinMyPoints.


#13

How to Make Money From Home Online Teaching Others?

I am a lecturer for a university in Dublin, Ireland. And I also teach at a few institutes in Singapore. With the current coronavirus pandemic, my classes have been moved to the online platform.

This is also a very lucrative way to make money online. People are looking for courses to learn new skills and knowledge. Or to upgrade them. Your years of experience is now valuable to them.

You can create a membership website offering courses or you can join education sites and share your lessons there. Some of the education sites are SkillShare and Udemy.

What you do is sign up with these sites. Then create your lessons. Many of these education sites have tools to help you do that. Then build a following who will buy your lessons. And you start earning.

I have created an online course here at Passive Online Revenue. After you join my I Love Passive Income community, you will receive a Free eBook with a blueprint on how to start your successful online business. You will also receive an online course guiding you how to do that. It is also Free!

If you like access to the Free eBook and online course, click on the image below.


Would you like a copy of the above eBook? Click on above image to get it now.

Would you like a copy of the above eBook? Click on above image to get it now.


#14

How to Make Money From Home Online Transcribing?

Transcribing is a repetitive task of listening to audio or video files, and typing what you hear. Sounds easy? It can be. Unless you have to transcribe a poor quality file. And that is most of the cases.

In addition, for all the work, you get paid very little. So, to earn enough, you have to do a lot of transcribing. Or if you are very lucky, you may get a higher paid gig.

Some sites to get transcribing work are Transcribe Anywhere, TranscribeMe, and Quicktate.


#15

How to Make Money From Home Online Doing Translations?

Translations are obviously different from transcribing. You have to be fluent in at least two languages.

You will be given a document, an audio or video file to translate the words written or spoken there. You have to be very accurate.

Some sites to get translation jobs are Translate, Unbabel and even Airbnb.


#16

How to Make Money From Home Online Doing YouTube Videos?

I have seen many Vloggers earning large sums of money on YouTube. Have you?

This is definitely a profitable way to make money. You can create a channel and upload videos. When you get at least 1,000 subscribers and 4,000 hours of watch time within the past 12 months, your channel will start to monetize.

When your channel starts to monetize, you get paid for every 1,000 views. It is eighty cents for every 1,000 views with banner ads. And $5 to $8 per 1,000 views for rollout ads. This comes to earnings of $5,000 to $8,000 for 1,000,000 views.

So, now you see why so many people are flocking to YouTube to make money? And do you see the challenge here? Yes, high competition.

So, unless you become the next Pewdiepie, you will find it hard to make a lot of money. Especially at the start when you are a new channel.

Other ways to earn from YouTube is to promote merchandise, crowdfund, be a sponsored video, or even promote affiliate products.


Are You Keen to Create Passive Income?

Learn Affiliate Marketing Now!
(Try for Free, No Risk, and No Credit Card Required)

Bonus for all who sign up under Timotheus

Bonus!

When you join the above program, I will be your mentor. I will guide you, help you do affiliate marketing successfully, and make money.


How to Make Money From Home Online With 16 Profitable Ideas? – Passive Online Revenue Final Word

Passive Online Revenue Logo

Back in the mid 2010s, I have chosen to stop working full time for a corporation. I decided then to start an online business, and make my fortune.

I have done many money making methods working from home. And I have shared them here in this post.

There are affiliate marketing, selling digital products, providing a service like translation or graphic design as a gig, dropshipping, and more.

Also, I have given my honest opinion on each of them. My views are based on my experience with each of the options.

Ultimately, today, I find that I much prefer affiliate marketing. To me, it comes closest to creating passive income. I say comes closest because, to me, there is not any one way to make money that is totally passive income.

Even investments need to be monitored. Properties need to be maintained, and rentals have to be chased. Stock markets have to be closely watched, along with constant health checks.

With affiliate marketing, I simply create content on my websites. I find brands with products that I can promote. Use the given affiliate link on my sites. When people click on them, I earn a commission.

No need to fulfil an order. No need to manage clients. No inventory costs. No overheads.

Great right? It truly is. Interested to find out more? Click on the ‘Yes! I Want To Make Money!’ button below.


Are You Keen to Create Passive Income?

Learn Affiliate Marketing Now!
(Try for Free, No Risk, and No Credit Card Required)

Bonus for all who sign up under Timotheus

Bonus!

When you join the above program, I will be your mentor. I will guide you, help you do affiliate marketing successfully, and make money.


If you have ANY questions about How to Make Money From Home Online With 16 Profitable Ideas?, ANY at all, please submit your questions as comments below. I will be happy to help you out.

As the digital landscape grows and changes, more opportunities will be created. I will continue to share more of these. To receive updates on more opportunities as well as more information on each of these opportunities, please join my I Love Passive Income Community.

Thank you for reading this.

Best wishes to All!

Timotheus

How to Make Money From Etsy?

Do you love to create your very own hand made products? Are you looking to make money from them? Especially selling them online? This article will teach you How to Make Money from Etsy?

Is Etsy a good choice to showcase your products? What are the pros and cons of selling on this eCommerce platform? And how to do it right?

You will learn all this, and more in this article.


What is Etsy?

Etsy is an eCommerce site where hand made items are sold by people who create them. The platform is also an online space for selling vintage items and craft supplies.

Hand made items can include a wide range of product categories such as jewelry, bags, clothing, home decor, furniture, toys, and art. For vintage items, the criterion is that they must be at least 20 years old.

Vintage Tea Cup and Saucer
Vintage Tea Cup and Saucer

In 2018, Etsy reported a total sales of US$3.93 billion


How Does Etsy Work?

Remember those fairs where they sell hand made arts and crafts? Etsy is the same except it is online.

Each stall that used to be in those physical fairs are now on the Etsy sites as individual online stores. And each store is given a store front.

Traditional Arts and Crafts Fair
Traditional Arts and Crafts Fair

Sellers can create a shop on Etsy for free. And they can list their wares there. Etsy charges US$0.20 for each item on display in this online store.

Buyers visit Etsy, and shop around. They buy products displayed at the stores. The sellers then make a sale and money.


What Are the Advantages of Etsy?

1. Huge market

In 2018, Etsy has more than 35 million active buyers. This huge market of potential customers is projected to grow in 2019.

2. Easy to Set Up and Maintain Listings

3. Collaborative Community

4. Well Known and Trusted by Consumers

5. Useful Data and Analytics

Etsy offers data to help you understand more about your shop and business.


I will further expand on the above points in a future blog post. Please do join my I Love Passive Income Community to receive updates.


What Are the Disadvantages of Etsy?

1. Need A Lot of Marketing

2. High Competition – need to stand out

3. Need to Do Powerful and Effective SEO (Search Engine Optimization)

What is SEO and How Does It Work?
What is SEO and How Does It Work? Click above image to find out

4. Sellers Complain Manufactured Products Sold on Etsy, No Longer Hand Made

5. Your Products Get Copied and Sold Cheaper


I will further expand on the above points in a future blog post. Please do join my I Love Passive Income Community to receive updates.


How to Make Money From Etsy?

1. Choose a Niche

As with any business, you must decide on a niche. This is the market you wish to offer your product or service.

Ideally, it should also be a topic you are passionate about. After all, you are going to create these products. For example, I am passionate about crystals. I could do an Etsy store selling crystal jewelry that I create by my own hands.

I have many students and mentees who ar always stuck at choosing a niche. To make it easy for you, here is a video by Kyle, an expert in online businesses. Click on the image below to watch the video now.

How To Choose Your Niche Training
How To Choose Your Niche Training. Click image above to find out how? Just create a Free account and sign in. No credit card required.

2. Decide on a Product Line to Create

A niche can have a wide variety of products to sell. For example, in the arts and crafts niche, you could sell beaded products, jewelry, or even antiques.

If you already have an idea of a hand made product, then good for you. If not, and if you are coming on board Etsy without an idea of what to make and sell, then I suggest you watch the video above first.

Learn how to choose a niche. Then search on Etsy to see what products are being sold there within that niche. Just to get ideas and inspiration.

Try not to copy. It will be a tougher road for you because you will have to compete with successful sellers.

3. Know Your Competitors

Now that you have decided on your niche and product, search on Etsy to see who are your competitors? A little competition is all right. It means that the product is in demand.

But too much competition may not be so good for you. As said in the list of disadvantages, when you have too much competition, it would be very hard to stand out from the crowd.

As such, your product many not get found on Etsy. This results in no sales. Many sellers on Etsy face this problem.

4. Create Your Product

Now it comes back to your unique hand made product. The merchandise that started this quest of yours to make money from Etsy.

Handmade Soap and Honey
Handmade Soap and Honey

Create a high quality product. Then take really good and high quality photos of it. Make it unique to stand out. Also, think of unique and interesting name and description for your product.

5. Create Your Etsy Store

When you are ready, you can go to Etsy and open an account with them. Next, set up your shop. Get ready your brand name and logo.

Passive Income Tip: Opening an Etsy account is Free! But watch out for the listing, transaction and payment processing fees.

You can use Etsy’s payment system or PayPal. Either will incur a payment processing fee.

6. Create Your Etsy Listing

After you have created your Etsy store, you are ready to add a listing. This will feature your product that you are selling.

In step 4, it was mentioned to get ready high quality photos, name and description of your product. You can add them into your listing now.

7. Complete That Sale

When a shopper buys your product, complete the sale by fulfilling the order. This includes packaging and shipping the product to the customer.

8. Grow Your Etsy Business

One of the difficulties mentioned by many sellers is that their store and product can get lost in the ocean of shops and listings on Etsy. As such, you cannot rely on Etsy to promote for you.

To succeed, you will need to do a lot of advertising and promotion of your brand, eCommerce store and products on other sites. You will need to do marketing, especially digital marketing.

I have written many articles about digital marketing strategies to promote your business. Your Etsy store is now your online business. You can start to learn about digital marketing by clicking on the image below.

How To Learn Digital Marketing Online - The Ultimate Guide - featured image
How To Learn Digital Marketing – The Ultimate Guide. Click above image to learn

The Better Alternative – Affiliate Marketing

Why Affiliate Marketing is Better Than Etsy?

After you have read the above on how to make money from Etsy, I am sure you realized one thing. It is a lot of hard work. That is all fine if you enjoy it.

I prefer to work less, and still make more money. And if you are like me, you would like affiliate marketing.


What is Affiliate Marketing?

I found affiliate marketing requires less hard work. And as such, it is closer to truly being a form of passive income.

Not sure what it is all about? Here is the video from Kyle, an affiliate marketing veteran of more than 20 years. He explains what it is all about. Click on the image below to watch and learn.

How To Make Money with Affiliate Marketing
Watch Video on How To Make Money with Affiliate Marketing – Click image above now

Are You Keen to Create Passive Income?

Learn Affiliate Marketing Now!
(Try for Free, No Risk, and No Credit Card Required)

Bonus for all who sign up under Timotheus

Bonus!

When you join the above program, I will be your mentor. I will guide you, help you do affiliate marketing successfully, and make money.


How to Make Money From Etsy? – Passive Online Revenue Final Word

Passive Online Revenue Logo

I find Etsy ideal for people who love creating their unique hand made products. It is a lot of hard work, and I know of many who enjoy that.

But it can also take a lot of time. And money. For example, the cost of material to create that hand made product.

If you are starting out, and do not have a huge budget or looking something conservative to start with, then affiliate marketing is the best choice.

Does affiliate marketing’s power to create passive income interest you?
Click here now to start learning how to do affiliate marketing.
(No credit card required for Free Starter Package)

Bonus for all who sign up under Timotheus

Bonus!

When you join the above program, I will be your mentor. I will guide you and help you do affiliate marketing successfully, and make money.


If you have ANY questions about How to Make Money From Etsy?, ANY at all, please submit your questions as comments below. I will be happy to help you out.

As the digital landscape grows and changes, more opportunities will be created. I will continue to share more of these. To receive updates on more opportunities as well as more information on each of these opportunities, please join my I Love Passive Income Community.

Thank you for reading this.

Best wishes to All!

Timotheus

How to Make Money with eBay?

There are many online marketplaces on the Internet today. And just like you, in my endeavor to create passive income, I tried a few of them. I tried eBay, then Amazon, and then eBay again. Today, I would like to share my experience on How to Make Money with eBay?

You will learn if this is an ideal option for making money on the Internet? Also, I will share about what I have learned and experienced selling on eBay.

I will list the advantages and disadvantages. And then explain how to make money on this marketplace.

So, why did I say that I tried eBay, and then Amazon, and then eBay again? Well, I did eBay many years ago. Then I stopped.

I moved on to Amazon where I created a private label product, and sold it on with FBA (Fulfillment By Amazon). I also tried drop shipping. That was when I returned to eBay.


What is eBay?

According to eBay, they are “the world’s online marketplace; a place for buyers and sellers to come together and trade almost anything!”

eBay logo
eBay logo

They started as an online auction site. And evolved into a shopping site.


How Does eBay Work?

For the online auction, you put up an item for sale. You specify an opening bid price. Over a set number of days, buyers will place bids on the item. When time is up, the highest bid wins.

For the online shopping side, you become a seller, and you list an item for sale. You offer to sell as a Buy It Now, and consumers can buy it at the fixed price that you indicated.


What Are the Advantages of eBay?

eBay surely has its advantages. That is why many people, including me, do this. Here are some of the benefits:

1. Huge market

eBay has 177 million active users. That is a huge market of potential customers for you.

2. Superb SEO (Search Engine Optimization)

While eBay may not be as powerful as Amazon in SEO, some products do get ranked high. Some even on the first page of search results. This translates to driving traffic to your listing, and getting more sales and revenue.

What is SEO and How Does It Work?
What is SEO and How Does It Work?

3. Instant trust

Shoppers are protected against scams and bad service on eBay. While your brand can be new and unknown to them, they will still buy because they trust eBay.

4. The option to auction

You can reserve a price so that you do not sell lower than what your product is worth. And you may even get a higher price than you asked for.

5. Lower fees

The fees at eBay are lower than Amazon. This means you get more profit from your sales.

6. Shipping Assistance

You get lower shipping costs. This pleases buyers as they get to save as much as 37%.


I will further expand on the above points in a future blog post. Please do join my I Love Passive Income Community to receive updates.


What Are the Disadvantages of eBay?

After some time doing eBay, I soon discover that there are also some disadvantages to this way of making money online.

1. You need to find good and quality products

You Can Sell Products On Your Blog
You Can Sell Products On Your Blog

2. You need to find good and reliable suppliers

3. You need to constantly monitor stock availability with suppliers

4. eBay favors the buyer

There can be customer complaints that can cause problems for you with eBay. This is because they will listen to the customer, and most often side with them.

5. There can be unfair customer reviews

An unhappy customer can leave a bad review. This can ruin your chances at succeeding at eBay.

6. You need to build brand equity

As a result, you will spend a lot of money on advertising and promotion.


I will further expand on the above points in a future blog post. Please do join my I Love Passive Income Community to receive updates.


How to Make Money From eBay?

Despite the disadvantages mentioned above, you are still keen and ready to make money from eBay? Awesome! Here is the first thing you need to do.

1. Choose a Niche

One of the things I learned when I did eBay was – Do not sell everything. The best approach is to choose a niche.

And it should be a niche that you are passionate about. For example, I love to travel. So, I chose the travel niche.

I know how difficult it may be to find and choose a niche.So, here is a video to help you. It by Kyle, an expert in online businesses. Click on the image below to watch the video now.

How To Choose Your Niche Training
How To Choose Your Niche Training. Click image above to find out how? Just create a Free account and sign in. No credit card required.

2. Choose a Product

Next, you need to choose a product within that niche. It is not easy to find the right product. There are so many things to consider.

For example, is there demand for this product? Is the cost price low enough to give you a decent profit? Can you find a good and reliable supplier for this product? Is the manufactured product of good quality? Who are the competitors, and what are their selling price?

So many questions. And these are just a few. As you research and look at products, you will find yourself asking many more questions.

3. Know Your Competitors

It may sound weird, but it is actually good to find a product that has competitors. This means it is in demand.

Then look at your competitors, and find out what they are doing. How they sell? And how they are doing?

Know Your Competitors
Know Your Competitors

The tough part is that when you sell the same product as your competitors, consumers will see no difference. As a result, they will buy the cheapest offer.

4. Find a Good and Reliable Supplier

You have to be very careful with this step. Over the years of doing eCommerce, I realized that finding a good and reliable supplier is very important.

A supplier must produce consistent and good quality products. They must have a good track record. They must offer a variety of payment methods and shipping.

When assessing a supplier, you should ask as many questions as possible to get all the facts you need. For example, ask about their production capabilities. Are they able to cope when your business grows and you need more products? Can they maintain the quality as the production and business scale?

5. Create Your eBay Store

When you are ready, you can set up your eBay store, and add your first product listing. Go to eBay, and open an account with them.

Passive Income Tip: Consider the fees for standard or paid subscription.

You will also need to have a PayPal account. This is for buyers to pay you with a credit card or a checking account. They can also pay you using PayPal. Also, you can transfer the earnings from PayPal to your bank account.

6. Create Your eBay Listing

You can list your item for auction or sale. For auction, you list the item, and give an opening bid. Allow a set number of days for shoppers to place their bids. At the end of the auction, the highest price wins.

Passive Income Tip: For auctions, set a Reserve Price.

You can also list your item for sale with the option – Buy It Now. You can set the price for the product. Shoppers know your offer, and when they agree, they will buy it straight out.

7. Complete That Sale

After you listing has a winning bid or buyer, you need to follow up, and ship the product to him or her. Do this immediately or you will get blacklisted by eBay.

Customer service is very important to eBay. After all, shoppers are their business. And they earn their profits when shoppers buy. So, they must make their consumer base happy.

So, after the sale is done, and payment is made, make sure you ship the item to your customer.

8. Grow Your eBay Business

To succeed with eBay, you should get feedback and give feedback. You can always ask your buyers to leave a feedback after they have received and used the product. Good reviews can encourage others to buy.

You should also leave feedback to your customers, too. It can help improve their reputation (if it was a good experience). This helps the buyer to enjoy a better shopping experience on eBay


The Better Alternative – Affiliate Marketing

Why Affiliate Marketing is Better Than eBay?

After you have read the above on how to make money with eBay, I am sure you realized one thing. It is a lot of hard work. That is all fine if you enjoy it.

I prefer to work less, and still make more money. And if you are like me, you would like affiliate marketing.


What is Affiliate Marketing?

I found affiliate marketing requires less hard work. And as such, it is more passive income.

Not sure what it is all about? Here is the video from Kyle, an affiliate marketing veteran of more than 20 years. He explains what it is all about. Click on the image below to watch and learn.

How To Make Money with Affiliate Marketing
Watch Video on How To Make Money with Affiliate Marketing – Click image above now

Does affiliate marketing’s power to create passive income interest you?
Click here now to start learning how to do affiliate marketing.
(No credit card required for Free Starter Package)

Bonus for all who sign up under Timotheus

Bonus!

When you join the above program, I will be your mentor. I will guide you and help you do affiliate marketing successfully, and make money.


How to Make Money with eBay? – Passive Online Revenue Final Word

Passive Online Revenue Logo

eBay has been around for a long time. And many people have made a lot of money from this marketplace. So, I do find it works.

But it can also take a lot of time. And money.

If you are starting out, and do not have a huge budget or looking something conservative to start with, then affiliate marketing is the best choice.

Does affiliate marketing’s power to create passive income interest you?
Click here now to start learning how to do affiliate marketing.
(No credit card required for Free Starter Package)

Bonus for all who sign up under Timotheus

Bonus!

When you join the above program, I will be your mentor. I will guide you and help you do affiliate marketing successfully, and make money.


If you have ANY questions about How to Make Money with eBay?, ANY at all, please submit your questions as comments below. I will be happy to help you out.

As the digital landscape grows and changes, more opportunities will be created. I will continue to share more of these. To receive updates on more opportunities as well as more information on each of these opportunities, please join my I Love Passive Income Community.

Thank you for reading this.

Best wishes to All!

Timotheus

How to Make Money with Dropshipping?

I had years of experience of trying out various ways to make money on the Internet. Drop shipping was one of them. Having tried it, I am here today to share my experience with you on How to Make Money with Dropshipping?

When I decided to do eCommerce, my first attempt was creating a private label product, and selling it with FBA (Fulfillment by Amazon). I soon discovered there were many disadvantages, and also a lot of hard work.

Then I learned drop shipping. It did saved some costs, and have some advantages over private label. But is it really a good way to make money online?

Today, in this article, I save you time, and share all that I have learned and experienced with drop shipping. I will list the advantages and disadvantages. I will also give my view on whether this is a good choice for making money online.


What is Dropshipping?

Drop shipping is when you sell products but you do not keep them in stock. When a customer orders an item from your eCommerce store, you get it from a manufacturer, a wholesaler or even another retailer.

The product is then shipped to your customer. The shipping is done with an agreed shipping service that you pay for.


What Are the Advantages of Dropshipping?

Drop shipping surely has advantages. That is why many people, including me, do this. Here are some of the benefits:

  • You Do Not Need To Produce Products
  • You Do Not Need Need To Stock Inventory – As such, the risks are lower
  • You Can Sell a Wide Variety of Products
  • You Do Not Need To Do Shipping
  • Your Fulfillment Cost Will Be Low

More About the Advantages of Dropshipping >>>


What Are the Disadvantages of Dropshipping?

After some time doing dropshipping, I soon discover that there are many disadvantages to this way of making money online.

  • You Need To Find Good and Quality Products
  • You Need to Find Good and Reliable Suppliers
  • You Need to Constantly Monitor Stock Availability with Supplier
  • You Need to Constantly Update the Website, especially when out of stock
  • You Need to Find Low Shipping Costs
  • You Need to Build Brand Equity – Spend a Lot on Advertising
  • Your Profits are Relatively Lower
  • There is Poorer Quality Control

More About the Disadvantages of Dropshipping >>>


How to Make Money From Dropshipping?

Now that you understand what is drop shipping, the advantages and disadvantages, let me share with you how to make money using drop shipping. The first thing you need to do is to choose a niche.

Choose a Niche

The first and most important step in making money from drop shipping is to find and choose a niche. It should be one that you are interested in. Better still, make it a niche on a topic or subject that you are passionate about. For example, I am very passionate about making money online. And hence, I created this website about creating passive income via the Internet.

The reason why it should be a niche or topic that you are passionate about is because if it is not, there can be a high chance that you will soon lose interest. And that can be detrimental to your business.

Not sure how to find and choose a niche? Here is a video from an expert with lots of online businesses making tons of money. Click on the image below to go to the site, and learn how to find your right niche.

How To Choose Your Niche Training
How To Choose Your Niche Training. Click image above to find out how? Just create a Free account and sign in. No credit card required.

Choose a Product

I have found this to be the tricky part of the process. It takes a lot of research and time to find the right product to sell.

You have to find one that is within your niche. A product that is in demand so that you can get sales. Also, a product that, after all the costs, can make a decent profit. After all, the time and effort for a product that makes $10 is the same as a product that makes $1000.

Product - Water Bottles
Product – Water Bottles

There is a lot to consider when choosing a product. First, of course, is whether there is a demand for this product? Will people buy? Preferably it is something that appeals to impulse buying.

Then it should be something that is not easily breakable. A product delivered in bad condition will only result in an unhappy customer. And of course, the dreaded refund.

Do Not Sell Breakable Products
Do Not Sell Breakable Products

Next, you must find a product that is of good quality. I have read so many reviews of products where people criticized the poor quality after they have received it. Do you think they will buy it again? And when other consumers read the review, do you think they will buy your product?

Most times, I have ended up choosing and selling a product with a lot of competitors. It is almost a necessary evil. A product that has low or no competitors can mean that there is no demand for it. So, naturally, you would find yourself choosing one that has high competition.

Know Your Competitors

So, with high competition, it is good to know who are your competitors. Find out how are they doing. In fact, you can find a product they are selling and sell something similar.

Know Your Competitors
Know Your Competitors

But do remember that this will mean that your product will be seen as the same as your competitors. As a result, it will be tough to market and sell it. On the upside, it is a product you know that many people are interested to buy. When there is high demand, there is a chance for you to get sales.

Some products are also sold by the big guys like Amazon. Watch out for such products. They will be very hard to sell. It would be very difficult to compete with Amazon. And it is worse if you are also selling on Amazon.

Find a Good and Reliable Supplier

When finding and choosing a supplier, be very careful and do your due diligence. Make all efforts to find a supplier who has good reputation and good record.

Most drop shipping business find suppliers from Aliexpress. And on Aliexpress there are many poor quality suppliers. Take your time to find a good and reliable one.

Also, be careful that some are not manufacturers. Some are resellers. This means that they get the products from manufacturers, and resell them to you. As such, they will charge a higher price than when you get direct from a manufacturer. Also, note that because they are not the manufacturer, they do not have control on stock supply, production lead time, and product quality.

Other things to look out for when choosing a supplier is the communication. Because many of the suppliers are from overseas, you need to make sure that you understand each other clearly. Also, look out for the speed of response. When the communication is not good or fast, move on and find another supplier.

When assessing a supplier, ask as many questions as possible to get all the facts you need. For example, ask about their production capabilities. Are they able to cope when your business grows and you need more products? Can they maintain the quality as the production and business scale?

Create Your eCommerce Store

You can do drop shipping on marketplaces like Amazon or eBay. But you will still need your own eCommerce Store. It is the best because your business will look more professional. It is good to have a website where people can see that you are a serious and legitimate business.

Ecommerce - Online Store
Ecommerce – Online Store

At the same time, they get to know of your brand and website. Having your own eCommerce store creates brand exposure and brand awareness. With a website, you get direct sales rather than on marketplaces where they get a cut. This means more profit for you.

You can choose to create your eCommerce store using Shopify or WooCommerce. Shopify simplifies the process. You can get your store up and running quickly. This is because Shopify has powerful technology and apps to handle the online sales and payment processes for you.

Online Visibility

Having a website is one thing. Being seen on the World Wide Web by Internet users is another. Just because you have a website is no guarantee that people will find it.

You will have to do digital marketing to get your store seen. For example, you need to do SEO (Search Engine Optimization) to get your website ranked on the first page of search results.

Digital Marketing Strategies
Digital Marketing Strategies

Being on the first page will get many people to click on your website. This drives traffic to your eCommerce store. And with high traffic volume, you get more people that you can convert into customers.

Another way of increasing online visibility is to do social media marketing. Social media is free, and is an excellent way to increase brand awareness and brand exposure. When people learn about your business on social media, they may visit your website. Again, this drives traffic to your website that can be converted into customers.

Build a List of Customers

Another strategy you have to do to make money with drop shipping is to do email marketing. On your eCommerce store, encourage people to join your mailing list. Build your customer base.

Then send emails to your list on a regular basis. Sell them your products. Build brand loyalty so that so that they come back and buy more stuff.

Email Marketing
Email Marketing

Engage and Build a Relationship with Your Customers

As with any business, your drop shipping business needs to engage and build a relationship with your customers. As mentioned above, one of the strategies is to do email marketing.

Another way of engaging and building this relationship is on social media. Social media is an excellent platform where you can hear first hand from your customers what they love or hate about your products.

For products they love, encourage these fans as brand advocates. For the haters, it is a good idea to find out what they do not like. It is an opportunity to improve your product. The improve product can open your business to a whole new market.

Analyze Your Data and Optimize

Another way to improve your business is to analyze your data, and optimize your business. Do this by using Google Analytics, Facebook Insights, Facebook Analytics, and many other tools to help you look at the data and metrics. Analyze them and learn from the data so as to optimize and grow your business.

Data Analytics
Data Analytics

One of the ways is to track your conversions. For example, using Google Analytics, you can know where customer is coming from. You can follow and find out what path they took to reach your site. Also, you can see where the sale occurred. With this information, you can repeat and scale it to get more sales.

Keep running and fine tuning your campaigns. Test, test, test. Do this to optimize your campaigns and spending. Ultimately, the goal is to get more sales.

Do Not Forget to Retarget

All eCommerce stores face a common problem. And that is abandoned carts. One of the solutions is to do retargeting to recover the sales.

For example, there is a cart abandoned on your store by a customer. The customer then goes to Facebook. Your retargeting efforts will show them the product they left in the cart in their newsfeed. The promoted post can ask them if they forgot to complete the purchase? Or it can be a message to encourage them to complete the sale.

Fulfill Orders Immediately

After you have done all the above, you finally get a sale! Congratulations! Now, you must fulfill the order.

One point to note – always fulfill the order immediately! Any delay can create a negative review or cause you to lose a valued customer.

So, you need to have the fulfillment process in place. When you get a sale, you must immediately go to your supplier and order from them. You will need to pay for the item. Arrange for the product to be sent to your customer. You will need to pay for shipping.

Then take note of the tracking number. Send an email to your customer to inform them that the order is on its way, and give the tracking number to them as proof.

Your sale is complete only after your customer receives the product. And there are no issues or complaints.


The Better Alternative – Affiliate Marketing

Why Affiliate Marketing is Better Than Dropshipping?

Some people enjoy the thrill of running an eCommerce store. They love the hard work of finding and choosing products. And they love to populate products on their website, and sell them online. And they get excited when customers purchase their products. All and good for them.

Some people, just like me, prefer less work and still make lots of money. And while it is not completely passive income (what is really?), affiliate marketing comes close to it. And I do this business model to make my fortune online.


What is Affiliate Marketing?

Initially, it is almost the same process as drop shipping. First, you find your niche. Then you find the product you would like to promote. Next, you find and become an affiliate of the supplier or manufacturer of the product.

You then get an affiliate link. Use this affiliate link to promote the product. It can be done on your website or social media. When people click on affiliate link, and make a purchase, you earn a commission.

Awesome, isn’t it? I wrote about how to make money with affiliate marketing. Click here if you like to learn more about it.

I truly recommend doing affiliate programs. If you are not sure what it is about, below is a free video training from a affiliate marketing veteran, Kyle, of more than 20 years experience. Click on the image below to watch and learn.

How To Make Money with Affiliate Marketing
Watch Video on How To Make Money with Affiliate Marketing – Click image above now

Does affiliate marketing’s power to create passive income interest you?
Click here now to start learning how to do affiliate marketing.
(No credit card required for Free Starter Package)

Bonus for all who sign up under Timotheus

Bonus!

When you join the above program, I will be your mentor. I will guide you and help you do affiliate marketing successfully, and make money.


How to Make Money with Dropshipping? – Passive Online Revenue Final Word

Passive Online Revenue Logo

Drop shipping definitely has many advantages to it. But there are also many disadvantages, too.

Compared to private label business, there is less work to be done. Also, less time spent, and less risks.

But ultimately, I still find nothing beats the affiliate marketing business model. With affiliate marketing, you do not need to deal with suppliers, fulfillment companies, or customers. All of which can cause a lot of stress.

All said, I do find drop shipping a good option for making money online. If you like to sell products, enjoy the admin work, thrill to the logistics, and find it fun to engage with customers, then this is a good choice for you.

If not. If you are like me. Someone who enjoys a more passive way of making money, then affiliate marketing is for you.

Does affiliate marketing’s power to create passive income interest you?
Click here now to start learning how to do affiliate marketing.
(No credit card required for Free Starter Package)

Bonus for all who sign up under Timotheus

Bonus!

When you join the above program, I will be your mentor. I will guide you and help you do affiliate marketing successfully, and make money.


If you have ANY questions about How to Make Money with Dropshipping?, ANY at all, please submit your questions as comments below. I will be happy to help you out.

As the digital landscape grows and changes, more opportunities will be created. I will continue to share more of these. To receive updates on more opportunities as well as more information on each of these opportunities, please join my I Love Passive Income Community.

Thank you for reading this.

Best wishes to All!

Timotheus

Testimonials

Here are testimonials from my students, mentees, and people I have helped succeed and made money in online businesses.


Timotheus has got many years of experience in the online business. I love the way he explains all about what to do to become successful in the online business. He gives you competent advice and is extremely helpful. I can really recommend everyone to visit his website and profit from his knowledge. – Pernilla Kohler, Owner, Easy Steps for Healthy Living

Timotheus is an incredibly talented and intelligent individual and consultant with exceptional marketing and branding insights. His creative and thoughtful approach to client relationships and business is truly enlightening and has helped me learn and understand how great business is done. – Delcie Lam, Owner, Delcie’s Desserts

Over the months, the awareness of Expedition Agape has grown exponentially. We now see a regular and dedicated volunteer team with constant new referrals. – Serene Koh, Founder, Expedition Agape

Timotheus is great. He helped me set up me build my business website swiftly and a reasonable cost and minimal frustration on my end. So much appreciate an efficient, cost effective assistance in this day in age!! – Kazuko Eure, Owner, Affiliate Marketing Training Courses

Thank you Tim for your guidance over the digital platform, patiently explaining and guiding me to build up my Facebook Page. For somebody who is not social media savvy, you have been a great help! – Kim Chen, Financial Services Manager, AXA

The passion and commitment the Tim puts into his assigned area of work is amazing to say the least.
A dedicated professional, Tim always goes that extra mile to deliver quality service / results. – Mahendra Rai, Area Manager, APRO

Timotheus demonstrates his passion for Marketing by continuously sharing his insights of the industry through his years of experience. He shares his views with others and is a good listener as well. He is also very detailed in his analysis and is meticulous in his work. – Vasant Kannan, Business Development Manager, Holiday Inn Singapore

Timotheus is extremely skillful at digital marketing. We find his advice on social media marketing as well as strategies to be invaluable. He brings many great ideas to us. – Mieko Yoshida, Owner, FINALBOX

Tim is a person filled with experience and his tips and ideas have been really helpful. Overall, incredibly informative as well as a nice person to talk to as well! – Ernie Loh, Business Owner

Timotheus has a truly strategic digital mind whom I have had the pleasure of working with for the last four years. His work ethic and attitude are truly outstanding and he understands what it takes to succeed in the digital world. – Adrian Foo, Business Manager, ACE Rental & Travels

If you have ANY questions about the above Testimonials, ANY at all, please submit your questions as comments below. I will be happy to help you out.

Thank you for reading this.

Best wishes to All!

Timotheus

How to Make Money with Digital Products?

For years, I have thought of selling products and make money online. Then I heard of digital products. I am sure you are here because you heard of this business opportunity, too.

One of the first digital products that I considered to sell was eBooks. Many people have asked me to write eBooks. The reason was that they followed my blogs, and they enjoyed reading about the topics I wrote.

Since then, I have found out more about digital products, and have experienced with selling them online. Today, I will share with you what are digital products, what are the types of digital products, and How to Make Money with Digital Products?


What is a Digital Product?

A digital product is basically any product that you sell online. It has no physical form, and is intangible. Examples of digital products are an app, eBook, website, a blog, plugins, video, checklists, downloadable workbooks, printables, etc

Most digital products serve a purpose. It can be to provide information to the user, to be more productive in their work, assist to make a task easier, or even to learn about a topic. They are offered on the Internet in a digital format such as .pdf, .pub, .jpg, .gif, .tif, etc.

Sometimes they are referred to as electronic goods or e-goods. Digital products can be streamed or downloaded into an electronic device.


What Is the Difference Between a Physical Product and a Digital Product?

A digital product is intangible. This means that is has no physical form. You cannot hold it in your hands. A physical product is tangible. It has a physical form, and you can hold it in your hands. You can touch it, and hold it to look at it from different angles.

Smartphone with Digital Apps
Smartphone with Digital Apps

A physical product can be displayed at a physical store. Shoppers can visit the store and take a look at it. On the other hand, a digital product is listed on online stores. But we cannot see how it works until we try it or buy it. At the most, to help make informed decisions, we read the reviews about it.

A digital product can be downloaded or streamed into an electronic device such as a computer, smartphone, tablet, etc. Physical products take up physical space. We often have to find physical storage places to keep them.

One point to note is that digital products can be produced into physical products. For example, a digital book can be printed into a physical book. But because this product started as a digital product, it is still considered that.

Print eBook into Physical Book
Print eBook into Physical Book

Having said all the differences, I would like to highlight that marketing and advertising to promote a physical product is very different from a digital product. For example, a physical product can leverage on packaging to do a one last sales pitch to convince a consumer to buy the product. A digital product would have no packaging. So, it would rely on sales pitches done on landing pages, reviews, ratings, etc.


What Are the Best Digital Products to Sell Online?

There are so many types of digital products to sell online. It all depends on your niche and expertise. And even how creative you are.

eBook

If you are a good writer, and love writing, then consider creating an eBook on a topic you are an expert in or passionate about. I have written a few eBooks. Some of which I offer as free downloads at my websites.

eBook
eBook

Blog

As a writer, you can also produce blogs. Currently, this is my choice of digital product. This website is like a blog born of my passion to write about creating passive income, and making money online.

Other Digital Publications

You can also generate reports, write newsletters, create worksheets and checklists. These are just a few examples of digital products that you can create with your writing talent.

Digital Art and Printables

If you are a designer or artist, you can create digital art to sell online. Another popular digital design product are printables. These are pieces of artwork, graphic designs or drawings that people can download and print to enjoy.

Printables
Printables

Digital Photos

Along the lines of creative work, you can also sell digital copies of your photographs. This is a great side hustle for those who love photography, and have created some really nice photos. I have some of my digital photos sold on photography sites.

Online Courses

I have created a few online courses. And this is one of the best ways to make money with digital products. One thing to note is that it takes time and effort to create this form of digital goods.

“The global online education market is projected to witness a compound annual growth rate of 10.26% during the forecast period to reach a total market size of US$286.62 billion by 2023” – Business Wire

Digital Audio Products

Audio is getting more and more popular. People like to buy audio digital products because they can listen while they do other things. For example, I see many people on the train watching a video or listening to songs.

Some could be listening to an audio book, audio course or a podcast. These are also ideal digital stuff to sell. To create a digital audio product that sounds professional, you will need to get a quality microphone.

Get a Quality Microphone for Audio and Video Digital Products
Get a Quality Microphone for Audio and Video Digital Products

To edit the recording, you can use the free audio software called Audacity. I use this software when I edit audio for my digital audio products, and also the audio for my digital video products.

Here’s a tip – you can record a digital audio version of the eBook you wrote. Digital audio books are gaining popularity year on year.

Digital Videos

Digital videos can be on any topic. The videos with high perceived value are mostly presentations and courses. With a computer with high processing power and a quality microphone, you can create digital videos just like me.

Digital Videos
Digital Videos

Presentations are the easiest to do. You can create nice Powerpoint presentations. Then create a video by using a screen recording software to talk through the points.

Another way to create interesting videos would be to invite experts to discuss a certain topic, and interview them. The experts would be literally providing the content for you.

More Digital Products

This is not the entire list of digital products you can sell online and make money. There are apps, software, and so many more digital things you can create and sell. Just think about what you would like to produce for your niche. And let the ideas turn into a digital product.


How Do You Create a Digital Product?

Find your niche

Now that you know more about a digital product, and you are ready to create one, the first thing to do is to find your niche. Of course, you would choose to be in a profitable niche. After all, you will spend a lot of time and hard work to create that great looking and valuable digital product.

When I started my first online business, I found that it was a lot harder to choose the right niche. It is such an important decision that would decide if you fail or succeed in your business venture.

Fortunately, I found an awesome training platform that helped me with this. Click on the image below to go to the site, and learn how to find your right niche.

How To Choose Your Niche Training
How To Choose Your Niche Training. Click image above to find out how?

Find a Product or Service

Next, you will need to find a product or service. This is also not so easy. You need to find one that solves a problem for people.

Just ask yourself – What problem would your potential customers in your niche face? Why would they choose you to solve it for them? How would your solution change their lives for the better?

Another way to find a product or service is to look at your competitors, and find the most successful products. Model your product or service after them. Learn from them. After all, they have succeeded.

When you are new to the business, imitation is the best form of flattery. But be careful not to copy. Take note of copyright and patent matters.

You can also use forums to find out what people need. Find the forums related to your niche. Join them. Then read and learn from the people contributing to the forum. Better still, participate and learn, too.

Create the Digital Product

You can create the digital product on your own. For example, you can write an ebook, record a podcast, or produce a video. All on your own. You will need tools and equipment to help you.

All this will require a lot of time and hard work. An alternative would be to outsource the work. Get someone who is a professional to create the digital product. This will result in less time and effort on your part. But will cost you more money.

If you have the budget, it is a good idea to outsource. You can then focus on business strategy to grow the business. You can get talents from gig platforms like Upwork, Guru, iWriter or Fiverr.


How to Make Money with a Digital Product?

When your digital product is ready, you can sell it and make money online. One of the online places you can sell it would obviously be on your website. You can use Shopify to help you create an eCommerce store. Another option is EasyDigitalDownloads that is a plugin that creates a full-fledged eCommerce store on your website.

There are digital selling platforms that help you sell your digital product to the right customers. Gumroad is one of these platforms. And like Shopify, is easy to integrate into your website.

Alternatively, you can sell your digital product on online marketplaces such as Amazon, Etsy, e-junkie or eBay. A good fit would be to sell an eBook on Amazon. Also a good fit would be to sell your printables on Etsy.

ClickBank is a marketplace that is well known for selling and buying digital goods. It is perfect for reaching out to your customers. They have an affiliate marketing program to promote your digital products.

How To Make Money with ClickBank?
How To Make Money with ClickBank? Click image above to find out how?

I love affiliate marketing because I find this is one of the best ways to really create passive income. Read on to find out more about how to sell digital products with affiliate marketing.


How to Sell Digital Products with Affiliate Marketing?

Selling your own digital product can be very satisfying, and rewarding, too. After all, you are the owner and you will earn 100% of the profits. But as you have read from above, it will take a lot of time and hard work.

For me, I prefer a way that is closer to passive income. And that is with affiliate marketing.

What is Affiliate Marketing?

Affiliate marketing is simply promoting a digital product or service for a business. And when there is a sale, you earn a commission.

Click image below to watch this video to find out more about affiliate marketing

How To Make Money with Affiliate Marketing
Watch Video on How To Make Money with Affiliate Marketing – Click image above now

Does affiliate marketing’s power to create passive income interest you?
Click here now to start learning how to do affiliate marketing.
(No credit card required for Free Starter Package)

Bonus for all who sign up under Timotheus

Bonus!

When you join the above program, I will be your mentor. I will guide you and help you do affiliate marketing successfully, and make money.


How to Make Money with Digital Products? – Passive Online Revenue Final Word

Passive Online Revenue Logo

I have encountered many who start their online ventures with eCommerce business selling physical products. Even I have tried selling private label products that are in the physical form.

It is not easy. There are so many aspects of the business to attend to – quality check on manufacturer, coordinating with shipping companies, regular inventory check, fulfillment of orders, and customer service.

Is it any wonder that 20% of small businesses fail in their first year? 30% in their second year? And by the fifth year, 50% of them fail?

20% of small businesses fail in their 1st year. 30% fail in the 2nd year. And 50% by the 5th year.” – Bureau of Labor Statistics

Selling digital products incur less costs. This can lower the risks. As such, you can be more successful in this venture.

I still prefer affiliate marketing, and selling digital affiliate products. The costs are less. The time and effort spent is less, too. And the returns are high. Whether you are a new or experienced entrepreneur, I recommend that you consider affiliate marketing.

Be Successful with Your Business. Learn from the Best!


If you have ANY questions about How to Make Money with Digital Products?, ANY at all, please submit your questions as comments below. I will be happy to help you out.

As the digital landscape grows and changes, more opportunities will be created. I will continue to share more of these. To receive updates on more opportunities as well as more information on each of these opportunities, please join my I Love Passive Income Community.

Thank you for reading this.

Best wishes to All!

Timotheus

How to Make Money with ClickBank?

As an affiliate marketer, I would look for products or services to promote, and make money online. From the superb online training course I subscribe to, I learned about affiliate networks. One of the useful lessons I learned was How to Make Money with ClickBank?

In this article, I will share what I have learned; such as What is ClickBank? What is affiliate marketing? How to join ClickBank? And of course, How to Make Money with ClickBank?

So, whether you are exploring ways to make money online, or doing research on affiliate marketing, or even considering ClickBank, this post will provide you the answers you seek.


What is ClickBank?

Essentially, ClickBank is an affiliate network. This means that it is home to thousands of products and services. All of which you can be an affiliate with.

Why is it Good to Join ClickBank?

As an affiliate marketer, I would look for products and services to sell. I would search on Google to find businesses that match my niche. Then I check if they have affiliate programs.

When I find a match and with affiliate program, I would write to them, and ask to be their affiliate. There is the whole process of proving I will be a good match for their business.

Many businesses would like to see that I have a good history of success with sales. I also promote via a website. As such, they would like to see that my website has high traffic. Upon approval, I get to promote their product or service. And get commissions when I make a sale.

It is very time consuming. And that is just for one product or service. Can you imagine me doing that for hundreds or even thousands of brands?

You Can Sell Products On Your Blog

As an affiliate network with thousands of products and services, ClickBank offers easier search and application processes. The ClickBank Marketplace is quite intuitive to help you find a product and service that matches your niche. And the approval process is also quite simple.


What is Affiliate Marketing?

I have often been asked this question. And here is how I explain what is affiliate marketing.

In the old days (and even today), before Internet existed, sales people would promote a product or service. They would do it from an office, at a showroom or travel about to meet people and promote it.

When they make a sale, the business that owns the product or service would pay them a percentage of the sale. This is the ‘cut’ or commission earned.


Click image below to watch this video to find out more

How To Make Money with Affiliate Marketing
Watch Video on How To Make Money with Affiliate Marketing – Click image above now

Online affiliate marketing works the same way. An affiliate promotes a business’ product or service on the Internet. They are given an affiliate link by the business that they can add to an article on a website or blog post, or promote on emails or online advertisements such as paid search ads or social media ads.

Similarly, when they make a sale, they get a commission from that business for the product or service that they promoted. This is a summary of what affiliate marketing is all about.

To learn more, go to my article where I wrote what affiliate marketing is all about.


Is ClickBank Free to Join?

Yes, it is free to join ClickBank as an affiliate. And anyone can join.

If you are asked to pay to join, double check the website address or url. Chances are you may not be on the real ClickBank website.


How to Join ClickBank?

It is very easy to join ClickBank. Simply open a ClickBank account by going to their website, and click on Create Account. Fill in the required fields on the create account form.

For easier reference, watch the video below to learn how to sign up and join ClickBank.


How to Make Money with ClickBank?

Find your niche

Before you join ClickBank, I highly recommend that you find and decide on what niche you would be in. It is not an easy choice.

When I first heard about this step before doing online business, it took me a long time to figure it out. This is because it is an important decision. The niche you choose will decide the level of success you will have.

In time, I found a training platform that really helped me learn how to find the right niche to do my online business. Click on the image below to go to the site, and learn how to find your right niche.

How To Choose Your Niche Training
How To Choose Your Niche Training

Find a Product or Service

After you have decided on the niche your business will be in, you need to find a product or service on ClickBank. Rather than write a long list of steps to achieve this, I found this video on YouTube to help you learn how to find the right product or service to sell from the ClickBank Marketplace.

Tip: Find products that are converting very well on ClickBank. These have GRAVIT of more than 20.

At the same time, do note that when the GRAVIT code is high, the competition is also high. Another point to note is that sometimes a low GRAVIT rating may not mean that there are no high conversions. It could be that it is a new product or it is in a niche that does not have high competition.

Get Affiliate Link

After you find the product or service, and you are an affiliate with the vendor, you get an affiliate link. Use this link to promote the product or service. When people click on the link and make a purchase, you get a commission.

Promote the Product

Next, you will need to promote the product or service. There are many ways to do this.

You can have a website or blog, and write about the product or service. This can be a review or just your thoughts about it. In that post or article, share the affiliate link. Encourage people to click on it and buy the product or service.

You can also do banner ads to promote the product or service. Add the affiliate link to the banner ad. When people click on it, they buy the product or service, you earn a commission.

Social media is a good place to promote, too. You can do it on Facebook, Instagram, Twitter, Pinterest, or YouTube. But just a word of caution: some social network do not approve of affiliate links. So, do learn how to do it right so that you do not get your social media account suspended.


How to Make Money with ClickBank? – Passive Online Revenue Final Word

Passive Online Revenue Logo

There are many affiliate networks around. I will be writing about them, too.

Today, this article is about How to Make Money with Clickbank? And my final word is that this is a viable way to make money online.

Many people have had success making money with ClickBank. You can do it, too. You just need to learn how to do it right.

When I first started doing online businesses, I was doing a lot of trial and error. I made a lot of mistakes. And I paid dearly for them.

I have since found an excellent training program to learn from. And I am finally seeing success with my online businesses, especially with affiliate marketing.

Be Successful with Your Business. Learn from the Best!


If you have ANY questions about How to Make Money with ClickBank?, ANY at all, please submit your questions as comments below. I will be happy to help you out.

As the digital landscape grows and changes, more opportunities will be created. I will continue to share more of these. To receive updates on more opportunities as well as more information on each of these opportunities, please join my I Love Passive Income Community.

Thank you for reading this.

Best wishes to All!

Timotheus

How to Make Money with Bitcoin?

Over a decade ago, when I was running a business, my business partners and I heard about Bitcoin. It was quite new back then, and we were wondering whether to buy some. Also, we wondered How to Make Money with Bitcoin?

Would it be an investment? Or would it be for transactions? Or to trade? Or all of these options? Eventually, the partners decided not to invest. So that was the end of that.

Today, I will share with you what is a bitcoin, what is a blockchain, how does the blockchain work, and all the different ways you can make money with Bitcoin.

If you like to find out all the various ways of making money online, including with a Bitcoin, check out my article about How to Make Money On The Internet?


What is Bitcoin?

A Bitcoin is digital currency. It is actually a computer file. It is stored in a digital wallet app.

People can send Bitcoins, or part of one, to that digital wallet. It is sent through the Internet. Transferred from person to person without going through a bank or clearing house.

To learn more about Bitcoin, watch the video below.

A Bitcoin is worth USD10,336.20.

Morningstar for Currency and Coinbase for Cryptocurrency,
February 12, 2020

When you get or send a Bitcoin, it is recorded in a public list called the blockchain.


What is Blockchain?

The blockchain is like a diary or spreadsheet where every transaction is recorded. It is a distributed database of these records. And they exist on multiple computers, all at the same time.

As the transactions increase, new sets of recordings are created. These are called blocks. Each block has a timestamp as proof of date and time of creation.

And each block is linked to the previous block. The blocks are all linked like a chain. This is why it is called a blockchain.

To learn more about blockchain, watch the video below.

Now that you and I know what is a blockchain, a bitcoin, and how they work, let us discuss how we can make money with Bitcoin.


How to Mine Bitcoin and Make Money?

The word – mining – sounds tough, doesn’t it? But bitcoin mining is actually about using a special software to solve math problems. When solved, the miner earns bitcoins.

Back in 2014, when my partners and I were considering whether to mine bitcoins, it was already not easy. In the early days, mining was easier, and miners could mine thousands of bitcoins. Lucky them!

Today, bitcoin mining has become even tougher. A miner would need to buy expensive hardware with powerful processing power. This is because the math problems are getting harder and more difficult.

Some miners team up to form mining pools. They work together to solve the transactions together. And together, when they succeed, they share the rewards.

To learn more about mining bitcoin, watch the video below.

Many are saying that bitcoin mining is not so profitable anymore. This is due to competition as well as the difficulty of solving the math problems. Also, the price of the bitcoin is a factor. At the current price, after you deduct the costs of mining, how much will you actually make?


How to Invest in Bitcoin and Make Money?

You can invest in bitcoin by buying or earning bitcoin. Then get a digital wallet and keep it there. Wait till the value goes up. When it reaches a value you are happy with, you can sell it.

Do make sure you get a digital wallet from a safe and reliable website.

To learn more about investing in bitcoin, watch the video below.


How to Make Money with Bitcoin Trading?

Do not confuse bitcoin trading with investing in bitcoin. Investing in bitcoin is long term. In this niche, the term is called ‘hodl’. Some say that this term came about due to a typo of the word ‘hold’. Some say, perhaps in jest, that it stands for ‘hold on for dear life’.

In contrast, bitcoin trading is short term. Traders rely on the volatility of the price, going up and down often, to buy low and sell high. They do this often to earn profits.

To do bitcoin trading, you need to have very good knowledge of this niche, and a good sense of the market. It is very risky. But has potential to make a lot of money. I do not recommend this method of making money with bitcoin unless you have the experience and extra money to try.

To learn more about bitcoin trading, watch the video below.


How to Make Money Getting Paid in Bitcoin?

Bitcoin is a form of currency. It is just in a digital format. It is getting more widely used as a form of payment for products and services.

If you are selling a product or providing a service, you might consider accepting bitcoin as a choice of payment. Many businesses are doing so already.

After you get the bitcoin, you can choose to hold as an investment or cash it in as quickly as possible. The reason for the latter is because the value can change a lot in a day. This can hurt your bottom line if the value drops a lot suddenly.

If you intend to accept bitcoin payment, there are many ways to do it. And there are many bitcoin payment services to help make this happen. Do a bit of research to find which is the best choice for you.


How to Make Money with Bitcoin Faucets?

There are websites where you can complete tasks, and get paid in bitcoin. Examples of tasks are such as looking at ads, and answering surveys.

So, if you have lots of free time, why not consider this? Frankly, you will not make a lot of money. But you can start earning bitcoin, get enough to start an investment.

To find out more about bitcoin faucets, watch the video below:


How to Make Money with Pay to Click (PTC) Websites?

The concept here is quite similar to the above bitcoin faucets. The difference is you click to watch an advertisement or click to pages that contain ads. After you do that, these websites will pay you in bitcoin.

This option requires a lot of hard work. In return, you get paid very little bitcoin. It can be as low as 0.00000100 Bitcoin.

Definitely not one of my recommended ways to make money with Bitcoin.


How to Make Money Writing About Bitcoin?

There is a lot of information on the Internet about bitcoin and topics related to bitcoin. But a lot of these articles are very generic or have been rehashed.

If you are familiar with this niche, and can write interesting articles that have unique content or view, you can make money writing for websites. You must be very knowledgeable on this topic. And to stand out from the others, you must have very good insights about this.


How to Make Money with Bitcoin Affiliates?

This is one of the best ways to make money with bitcoin. To be a bitcoin affiliate. Today, there are many bitcoin affiliate programs. Find a good one, and join them.

After you are an affiliate, you will be given an affiliate link. You can share this affiliate link on social media or your own website. When someone sees the link, and clicks on it, then makes a purchase, you earn a commission.

This is truly the closest way to create passive income.

To learn more about affiliate marketing, click on the image below to watch a video by an affiliate marketing expert with 20 years experience.

How To Make Money with Affiliate Marketing
Watch Video on How To Make Money with Affiliate Marketing – Click image above now

Does affiliate marketing’s power to create passive income interest you?
Click here now to start learning how to do affiliate marketing.
(No credit card required for Free Starter Package)

Bonus for all who sign up under Timotheus

Bonus!

When you join the above program, I will be your mentor. I will guide you and help you do affiliate marketing successfully, and make money.


How to Make Money with Bitcoin? – Passive Online Revenue Final Word

Passive Online Revenue Logo

Most of the above 8 ways to make money with bitcoin requires a lot of work or overhead costs. Being a bitcoin affiliate is the one that is closest to creating passive income.

While doing affiliate marketing may look easy, you can shorten the learning curve by joining the program where I learned how to do affiliate marketing correctly.

So, if you intend to do bitcoin affiliate, I suggest learning from the best on that training program. Then do bitcoin affiliate marketing to create your fortune.


If you have ANY questions about How to Make Money with Bitcoin?, ANY at all, please submit your questions as comments below. I will be happy to help you out.

As the digital landscape grows and changes, more opportunities will be created. I will continue to share more of these. To receive updates on more opportunities as well as more information on each of these opportunities, please join my I Love Passive Income Community.

Thank you for reading this.

Best wishes to All!

Timotheus