How to Make More Money
Do you want to make money online in 2021? In this post, I will share with you 14 tips to help you make more money from now on.
These tips will help you to make better decisions about your way to make money (online).
As you may know, I have personally tried and tested multiple ways, the main thing that I do is actually web developing and platform testing.
1 | Choose something you like a lot
This blog is all about money-making ideas. That does not mean that all the ideas are suitable for anyone. You should choose one that is calling you.
We all have special skills, experiences, and talents. Don’t do what I am doing (Learning hard things on my own all the time). Don’t go the hard way.
If you are skillful, talented, and have passion, you should choose that and live your life with that. Maybe it is something you can make money with, maybe not, but make sure you have time for what you love.
It is easier to do something you are already good at rather than learning new skills. Most people will always choose the easy road and it is actually what I recommend. If you are good at something you like doing consider to master it instead of practising something that is too hard.
No matter how skillful you are in some areas there will be challenges along the way and choosing something you are good at will make your life less stressful and you will be motivated to learn some new skills in order to move forward with your money-making way (project, business).
2 | Choose one Money making opportunity
Choose one money-making opportunity and stick with it until you make it work, then scale. This is how it will look like:
- In the beginning, you will be building a foundation
- Then you will be sharing your work with people
- You will hire help /and automate some parts of your business
If you focus only on one thing, one project, you will be able to build it up much further than splitting your attention in multiple directions. Trust me, I do know what I am talking about.
3 | Choose something, that you can make money with
Choose something you can make money with. Let’s say focusing on families with income annual income of 60 000+ is a better idea than focusing on frugal students/families.
- Make sure that a group of people you choose to sell your products or services to has the money they can spend on your products or services.
- Make sure that your product or services are something they need or want.
- Make sure that they have time to use/enjoy your product or services.
4 | Choose something people want and are willing to spend on
This one I mentioned in the previous part, but this makes a lot of sense. Let’s say you have a self-development course available, well students will probably not yet in that mindset for self-development, they may not also have the time or finances to follow through even if they would want to get involved.
On the other hand, some portion of people is mature enough in 30+ to be able to buy and use your self-development course.
5 | Make sure that you can make money long-term
There are few things to keep in mind when starting a business(or making money online). This is what you want to be focusing on.
- Make your existing customer buy more from you (Increasing order value by upselling, down selling).
- Make your existing customer buy more often from you (Increase the lifetime value of a customer by turning him/her to the repeated customer).
- Increase your prices
- Have price variations low-high ticket. Some people will always choose Premium.
- Add more products & services, but I don’t recommend this if you are the one who is doing all the work. It is better to be really specific about what you do and has really well-targeted customers. This way you will be able to improve what you already offer rather than have customized services.
If you want to learn the industry’s best practices You will absolutely need to read books by
6 | Make sure that you have high-ticket products
It takes the same amount of time, effort, and energy to make cents and to make big bucks, it is up to you. Because you are here I recommend being smart about it. Here is how I see it, you can sell products with low-profit margins or with big profit margins.
At the same time, you can sell a physical book for $29 and make $2 or sell a Digital ebook for $29 and keep $29(-VAT). As an example.
for example, Aliexpress dropshipping has higher profit margins than print on demand. You can scale both by selling more or increasing prices or you just could sell more expensive products.
Here are some examples of product prices
- Ebook $1-$99
- Courses $49-$299
- Consultation $1000
- Seminars $2500
You can have products in different price ranges, but make sure that you will add products that are more expensive than others.
Some people will be looking for the premium and they will buy things from someone who is very focused on what he/she is doing, this is why it is recommended to choose a nichetyuiop67.
Here is one of the best videos on High ticket items by Anton Kraly | Ecommerce Lifestyle
This video is a bit advanced, but it is a good idea to surround yourself with ideas and people with a bigger perspective. If you catch some of it that may help you much more than struggling with smaller ideas and smaller margins. Keep in mind that it takes the same amount of time to build a business with small margins than it takes to build a business with higher margins. Usually, bigger margins are in higher-priced items and in digital items.
7 | Find a mentor
We live in this amazing internet age. Someone somewhere has already done something you want to do.
Find yourself a mentor. If you are ready to learn from a Mentor then you will progress so much faster than striving by yourself.
8 | Get support
Support is probably one most underestimated features in online business and in business and life generally. have you hear that “Anyone can do this” …Anyone can make money, or anyone can make money with this..etc. I have been here for a while and I have tried to prove this stupid slogan right, but it is false. Not anybody can do everything. People who take their wealth for granted talk stupid sh*t.
Get support. In many cases, your family, parents, friends, and neighbors may not at all be in the same level of understanding as you are, but this will change in the near future when making money online will become even more common.
Gary V. once said: It is not your parent’s job to believe in you. It is your job to believe in you and when you get stuff done then they will believe in you.
Here is a video by Brendon Burchard about believing in Yourself
9 | Choose your customers
Choosing your customers is very important. When starting your online business you will decide who is your target audience and dream customer. This is very important because you can’t give your energy and effort to everyone.
It is not a bad idea to offer your products and services to people who value what you do and if they don’t, let them go. Be kind, but let them go.
Related post by Marie Poulin
10 | Believe in yourself
Believing in yourself is very important. This means having confidence in yourself and what you do.
Nobody is confident all the time, but if you struggle with confidence, work on your skills. Improve your skill one at a time and, you will get more confident little by little.
11 | Perfection is a big no-no
Strive for progress, not perfection. Done is better than perfect, is one of my favorite quotes. I have to repeat it to myself every day.
If you have read this blog for a while you know that I recommend publishing and share before you are ready, get the feedback and re-create on the go.
Your customers are the best people to judge your products and services…and by judging I mean leaving feedback.
Ask for feedback in the form of surveys and reviews and you will be able to improve your products and services much faster to meet the exact needs of your customers.
You can use email and Gforms to create surveys for your customers.
12 | Get help
Getting help is very important in order to become more successful and in order to earn more money.
There is a limit on how far you can go alone and how many hours you can work on your project/projects. Let people help you. Hire people to help you.
If possible strive to build a team eventually that can run your business/businesses for you. That way you will be able to focus on what is important to you and on what you are good at.
When a team of people with complementary skills can do other tasks for you. Everything will move much smoother, your team will get better and faster things done with which you would alone struggle longer. Trust me, I know 🙂
I don’t know many podcasts, but If you are interested in this topic visit: mindyourbusinesspodcast.com
13 | Learn to keep your money
Money management is a skill. And the good news is that skills are learnable. It is not about the amount of money you earn, it is about how well you manage resources you have.
14 | Know when it is time to let go
When you have done all that you could and tweaked, adjusted, and tried again million times from different angles maybe it is a good idea to have a break or let go completely.
Having a break for whatever project you have at hand will help you to calm down, reliest stress, and see things from a different perspective.
Not everything is meant to fly. If something ain’t working, take a lesson and move on.
As you see there are many moving parts in finding success and making more money.
Remember to believe in yourself first and obtain the necessary skills.
No matter how slow you will go, eventually, you will get there.
Also do not underestimate support, strive to attract supportive and positive people close to you, and spend less time with those who are only complaining, manipulating, and so on.
If you can find someone to follow and observe then does that it will save you both time and money.
In this blog I will share more resources and information on trustworthy people you may want to observe and learn from.
If you want to add something, please add, I will love to learn from you!