Are there any loopholes to make money online? Well there are certainly several strategies to make money online and in this article I am going to share them. Whether or not they are actually loopholes to make money online you will have to decide.
I became fascinated with the idea of making money online several years ago and started with the auction site eBay. I bought and sold products with a simple method.
Loopholes To Make Money Online – eBay
This simple strategy does fall into the loopholes to make money online category. It’s a clever little hack which anyone can use. It basically involves finding items on the auction site eBay and selling them again. You find them for much less that they are worth by using a website called bargainchecker.com.
Bargain checker finds items which have been misspelled on eBay. As such the items get found much less that they otherwise would. In some cases these items have been listed at rock bottom prices.
These are the items to find and bid on. By bidding in the last few seconds with another website called auctionsniper.com you avoid pushing up the price of the item and/or potentially getting into a bidding war with other bidders.
You can read more about this in my previous article here: how I made money on eBay first starting out.
Loopholes To Make Money Online – Google
One of my favourite purchases from eBay was in fact a business type course which taught me the above strategy. At the time eBay’s rules meant that anything sold on the site had to be a physical product of some kind. It struck me how easy it was to purchase a course online and download it instantly.
This was the model I decided I wanted to learn and I discovered that anyone can sell and make money from other people’s products on the internet. In addition, you can make 50% commission on many online products. This struck me as one of the best potential loopholes to make money online!
I set about learning how to build websites and rank them on Google. Having a highly ranked website and getting lots of visitors to your products was essentially the best ‘hack’ to make money by selling other people’s products and services. (Consider how you found this article).
Out of this strategy I wrote an ebook: Niche blogging for profit which explains methods of ranking content on Google.
Loopholes To Make Money Online – Google’s Adsense Program
Selling digital products online is one of many loopholes to make money online. However, you still need to build websites, create content, drive traffic and keep your website current. It wasn’t the best solution as it turned out. Nor was attempting to make money with Google’s Adsense program. Although this method is a great passive income for many online marketers, it wasn’t the direction I was heading.
Google’s Adsense program is a great program and it does let you make money by having a website and putting their adverts on it. Every time someone clicks on your adverts, you earn a small commission. Having huge amounts of traffic to your website is vital for success with Adsense. Or, you can build a following through YouTube too by creating videos which people want to watch and share. If this tactic floats your boat you can earn a good living and then some with Google’s Adsense program.
Loopholes To Make Money Online – An Internet Business Model Which Works
There’s two main problems with looking for loopholes to make money online. A ‘loophole’ suggests you’re looking for quick fix. Legitimate businesses always take time and effort. Although, the internet does offer a ‘loophole’ of sorts by letting you leverage your time by selling products instead of your time.
You can scale up your internet business, too, reaching more and more people in the same amount of time. This, you can’t do with a regular type of job or employment. This is the reason I stuck with the idea of an internet business.
The two main problems which internet ‘businesses’ face are products and traffic. Once you ‘crack’ both these ‘codes’ you can write your own check!
Loopholes To Make Money Online – Products
Finding the right products is vital to online success. I have sold various products but one thing hits home: If you choose the right products to sell you can make money again and again from previous sales. Why then would you choose to sell one product which doesn’t reward you again and again? Single sale products will earn you 50% commission but you need to keep selling them to make more money. By choosing membership products, you can earn again and again from your initial sale with no more work. In addition to this you should also choose products which offer:
- High ticket commissions
- Multiple ‘up-sells’ for which you earn commissions from
- A built in sales team closing sales on your behalf
If you want to start an internet based business make sure you have all of these in place. You can start here with a community based online training and education program. Access this video series for more information and to get started.
Legal Loopholes To Make Money
As you can see there are a few legal loopholes to make money online. Here’s a quick summary of them:
- Ebay – How to start a profitable ebay business.
- Blogging & Affiliate Marketing- Niche Blogging For Profit
- Scaling An Online Or Existing Business with advertising – The Ultimate Guide To Online Marketing
- An online education & training platform – Access video series here.
Affiliate marketing offers anyone the opportunity to earn money while sitting at home on their computer. Affiliate marketing is a legitimate business model but it is still a ‘business’. As such you should treat it like a business and not expect to earn money for little work. An internet business is scalable, but you still need to make it profitable before you can scale it up!
Of the many legal loopholes to make money, I consider affiliate marketing to be an excellent business model. If you can make it work you will never need to work for anyone ever again. This is an amazing achievement but it doesn’t come easily. It takes time and perseverance like any business does.