How do I start making money as a beginner?

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how to start making money as a beginner?How do I start making money as a beginner?

Are you a beginner interested in making money? This article is for you

In this guide, you will learn all the steps that are needed in order to start making money as a beginner

Before we get started let’s look at the following example:

Jeff Bezos the founder of Amazon has a net worth of $117 billion while you have a net worth of $0

You working on a job you hate that you got from that university you studied but the amount of money you make is only covering the basic needs

How are you different from him? Did he inherit wealth? Did he steal? Did he work for the government?

There is something which he did that is different from what you’re doing

So in this article, you will learn all he did and the steps you should take to start making money as a beginner

Have you ever had of the young self-made billionaires like Mark Zuckerberg founder of facebook.com

There is money secrets that you need to know in order to start making money as a beginner

The reason you are not making a lot of money is you following a wrong equation

The wrong equation to making lots of money:

Money= Salary earned from a job

There is something wrong with that equation

The truth is that someone has bought all your valuable time, your trading time for money

So if you’re interested in making a lot of money as a beginner stop trading your time for money

All people who are making a lot of money, all have one secret in common

They have multiple streams of income, so if you’re interested in making a lot of money, you need to create multiple income streams

So how do you make money as a beginner?

To make money as a beginner, you need to solve problems, money is in solving problems

The more valuable the problem is, the more money you make

Remember money is a medium of exchange for providing value in the market

So if you solve a million-dollar problem, you will become a millionaire

So money is in solving problems

Where can you get problems to solve?

Look at the problem that is affecting your society? What is the magnitude of those problems?

If the problem you’re solving affects a magnitude of people and people have a high willingness to pay for your service that is the best business idea for starting to make money

The best way to make money is to solve problems, people have the money but you need to find a way of making money flow from their pocket to yours in the most efficient way

How can you start to make money as a beginner?

There are basically three ways you can start making money and they include:

  1. Offer a service
  2. Sell products
  3. Create your own products
  4. Make money as a beginner by Offering a service/ get a job

Do you have skills that you can offer in the job market? If yes that is the beginning of a business idea to start

Start a business offering services that are within your skills

If you have basic skills that are needed in the job market, you can get a job and earn a monthly salary

But

Remember we said that if you’re interested in earning massive amounts of money, getting a job is not the best solution, you trading your time for money

You can offer services and earn money both offline and online

The skills that are in high demand include:

All you need is to have a skill that you can sell in the job market

How can you start making money online by offering services?

You need a portfolio of your past samples but since you’re a beginner you can start by offering your service at low pay and you go on increasing the amount you charge as your skills grow

The best places to offer your service include:

  • Fiverr
  • Flexjobs
  • Solidgigs
  • Upwork

Accept to start small and give yourself time to develop your service

  • Make money as a beginner by selling products

Do you have a product that you can sell to people? This is the beginning of making money

You need to sell products that solve problems that your audience is facing

Money is in solving problems, if your products solve a problem, money will come

You can also promote other people’s products to earn a commission and this is called affiliate marketing

With affiliate marketing, you need to promote products that you have used and fully trust

There are many products you can choose to promote in almost any niche

All you need is to choose a niche which you’re passionate about

Once someone purchases a product via your affiliate link you will earn a commission

Affiliate programs pay from 0%-100% commission while others pay a fixed rate whenever you make a sale

If you think affiliate marketing is right for you, we have all the resources to help you get started

  • Make money as a beginner by creating your own product

Creating your own product is a great way to make money by leveraging your skills

Examples of products you can create include:

  • Physical products
  • Digital products
  • Both digital and physical products

If you decide to create a product, it should solve problems that your audience is facing and they should be willing to pay for that product

Now let’s look at the products in details

  1. Sell physical products to make money as a beginner

Physical products include clothes, hardware, shoes, farm types of equipment, drugs, etc

Physical products require you to concentrate in a location where there is a large number of people

You can open up an online store with Shopify so that you can sell to a large audience in different areas

The downside with this is that they are not scalable, they are location-dependent, you need to pay shipping and transportation costs

You can al

  • Digital products

Digital products are the best products to sell since they require no shipping or transportation costs

You just create a product once and sell multiple copies to different people

This is the advantage that digital products have over physical products

Take an example of software tools, courses, and ebooks, you just create a product once and sell it to different people across the globe without relying on a geographical area

What are the best digital products to create in order to make money as a beginner?

  • Software
  • Courses
  • Ebooks
  • Online classes

Digital products are ever on the market 24/7, you make money while sleeping, and they don’t require you to open an online store

Conclusion

The three basic ways to make money as a beginner are:

Has this article been of value to you? Which of the above is the best way to make money as a beginner?

Share your opinion with us in the comments below

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