7 Ways to Make Your First $100,000 Online
Are you looking to make your first $100,000 online but don't know where to start? In this article, we will explore seven proven ways to make your first $100,000 online. These methods come from personal experience and paying six figures to people to execute the same tasks.
While these methods can help you make your first $100,000, they may not necessarily make you a millionaire. However, if you are looking to create a business model that can make $100,000 a year or even a million dollars, we have evaluated eight of the best business models in an earlier article. Let's dive into the seven ways to make your first $100,000 online.
Remote Sales Rep
Even if you have never sold anything before, you can learn the skill of sales relatively quickly. For two-thirds of people, it is a natural talent, and for the remaining one-third, it is a skill that can be acquired.
As an online sales rep, you can target making $120,000 a year. The best part of being an online sales rep is the ability to work remotely. You can start by agreeing to half the commission of a typical sales rep and gradually increase your commission as you hit certain benchmarks.
Flipping Sneakers
Flipping sneakers can be a lucrative venture, even if you're not interested in fashion. For example, New Balance 550s are sneakers that are currently selling for double their retail price. If you have the right systems in place to market and sell sneakers correctly, you can make a profit by reselling them.
Starting a Blog or Podcast
Starting a blog or podcast can be a great way to make money online. You can monetize your blog or podcast through advertising, affiliate marketing, and sponsorships. It takes time to build an audience and create quality content, but the effort can be rewarding.
Freelance Writing or Designing
If you have a knack for writing or designing, you can become a freelancer. Freelancing platforms like Upwork and Fiverr offer a variety of writing and design gigs that pay well. However, to make a sustainable income, you need to build a good reputation and have a portfolio of high-quality work.
Affiliate Marketing
Affiliate marketing involves promoting someone else's product or service and earning a commission for each sale made through your unique referral link. The key to successful affiliate marketing is to find products or services that align with your audience's needs and interests.
Dropshipping
Dropshipping involves selling products online without holding any inventory. You create an online store and promote products from a supplier. Once a customer places an order, the supplier ships the product directly to the customer. The profit you make is the difference between the supplier's price and the price you sell the product for.
Creating an Online Course
If you have expertise in a specific area, you can create an online course and sell it to people who want to learn what you know. Platforms like Udemy and Teachable make it easy to create and sell online courses. The key to a successful online course is to provide value and create content that is engaging and informative.
Conclusion
Making your first $100,000 online may seem daunting, but there are several proven ways to achieve this goal. Whether it's through remote sales, flipping sneakers, starting a blog or podcast, freelancing, affiliate marketing, dropshipping, or creating an online course, the opportunities are endless. You don't have
