Incomeislife was created to help everybody, especially the broke, to learn how to make/earn money whether online or offline.
So you have seen people make money, drive fancy cars, build houses, and live the life of their dreams, but here's you, broke and nothing to show for it.
I'll show you a little thing.
The formula of making money via the online business route is remarkably simple:
That's all you need to make money via the online business route: **a good product** and a **great marketing and sales strategy**. Everyone who has made money online followed this route.
Still don't believe me? Let me show you something.
Lets look at a freelancer graphics designer making money online by doing temporary jobs. Analyzing carefully, you can see that by having a product, which is his/her graphics design skill, as well as his/her marketing skills (this includes promoting their skills on freelancing websites like Fiverr, Upwork, Facebook profile, etc.), he/she has been able to monetize their skills, thereby winning gigs, interviews, and jobs.
In this scenario: **Graphics Design Skills = [PRODUCT]** and **Fiverr, Upwork, Facebook profile = [MARKETING STREAMS]**
A comedian/skit maker making money on any social media platform achieved that by having a great product—his comedy videos—as well as his social media account/page, which acts directly as the marketing platform.
He put in the hard work to market, promote, and share his videos until social media algorithms started favouring him and showed his videos to a large audience.
All these examples mean that you should see anything you do as a product, and a great product, when properly promoted, will automatically attract buyers.
A "winning method" means learning from successful people. In whatever business or field you find yourself, there are people who have been there before you and have attained success. Follow them, learn from them, observe what they do and how they run their business. Read their guides, ask questions, and if possible, get in touch with them for mentorship.
With these steps, you'll increase the chances of success while keeping the chances of failure low.
Most importantly, always seek knowledge. This is the only way you can progress. Always take out time to learn new things, new trends, tactics, and marketing strategies. Take time to analyze things, learn from mistakes, and where you don't understand something, ask questions from online communities related to your field. Don't keep quiet and try to fix what you don't even understand. It's perfectly okay to seek help; no man is an island.
The painful truth about any business is that you can't make money if you don't put in the effort to market & promote what you sell. In simpler terms, no matter how good your skills or product are, you won't make a dime without great marketing & promotion strategies. Always try different marketing tactics, be it paid social media ads, celebrity shout-outs, running contests, or promotional campaigns.
Learn how to execute great social media ads that convert, and if that's beyond your skill level, pay an expert for the service. See it as an investment instead of an expense.
Remember that your web design skill, your web development skill, graphics design skill, or content creation skill won't get you a job and won't make you money if you don't get out there and tell the world what you do.
Build a personal brand for yourself; that's the first step at greatness.
Get exclusive access to the platform hundreds of Africans use to make money right from their phone. No experience needed.
Yes, Tell Me More! →When starting a new business online, be it blogging, vlogging, social media influencing, or skills-based services, you have to be patient. Things don't always work out the way we expect at the beginning. Be prepared to make changes, be prepared for a change of strategies, and even failure. But at the end of the day, if you give it time and follow a winning method, see it as work in progress and don't panic or rush over little setbacks, you'll see yourself at the top, just like those you idolize.
Now, what if you don't have any skill, but you still want to start an online business? It's fine, it's okay. You can still make money by promoting other people's products. This is the simplest of all, as you're now only focused on the marketing part.
Affiliate Marketing & Dropshipping are businesses you can start today and start making money without creating your own product.
You're asking yourself: how can I promote and sell other people's products? That's where **great marketing** comes in. Your marketing must be wonderful and superb. Your sales copy, everything you write, must convince people to take action and buy whatever product you're promoting.
Subscribe to our Affiliate Marketing Newsletter at the top of this page to receive our most in-demand E-book on how to start Affiliate Marketing Now.
Dropshipping involves selling physical products that belong to other people without actually using your money to buy the product in the first place. You only buy when you've made a sale. If you don't have money to stock up or import a product, you can “dropship it” (By doing local sourcing).
You can either choose to buy it from a supplier demanding a lower price and sell it for a higher price, but then you'll have to include delivery fees and other minor expenses. Here's how this method works:
Or, you can do it this way:
Look for a vendor, and discuss the amount of commission you get for each sale you make for them. With this, the vendor takes care of the delivery fee, while what you're interested in is your commission.