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eBiz Weekly #86

73 ways to make money online

This week:

  • 73 ways to make money online
  • 6 levels and 19 types of online business
  • $7-20/hour social media evaluator
  • $35k-70k/year remote executive assistant
  • Up to $44/hour teaching English online
  • $1 million in 3 years ethical hacking
  • $13k/month niche site
  • $300k first year dropshipping
  • $28k/month YouTube ad revenue
  • $5k/month making mobile games
  • $80k/month luxury shoe brand
  • $58k/month from a services marketplace
  • $20k/month from Facebook groups
  • The best way to make money online?

73 ways to make money online

I’ll bet that this article we published yesterday is the best “make money online” article you’ve ever seen 😎

It’s the gateway to 123 fresh pages of content based on our “6 Levels and 19 Types of online business” framework, all backed up with proper research and real examples.

Check it out here.

6 levels and 19 types of online business

Our updated framework is here, complete with mountain visuals I spent way too much time creating 🙈

Think of the framework like a map 🗺 showing you the key features of the online business landscape. Use the map to cut through confusion and overwhelm, and decide which type of business is the best fit for your goals and abilities.

Here’s a quick overview of the 6 levels and 19 types…

Level 1 = Novice

Okay for side income or beer money, but hard to earn a living.

  1. GetPaidTo
  2. Contests

Level 2 = Intermediate

Best for earning a living online when you’re starting out, but hard to scale.

  1. Remote Job
  2. Freelance

Level 3 = Advanced

Easier to scale and higher income potential, but you usually need significant investment of time and/or money upfront.

  1. Agency
  2. Referral
  3. Resale

Level 4 = Superior

Even more scalable and even higher income potential, but also more complex / difficult / expensive.

  1. Authority
  2. Digital Product

Level 5 = Distinguished

Most complex / difficult / expensive, but the rewards here can be massive.

  1. Physical Product
  2. Cloud Service
  3. Marketplace
  4. Social Network

Level X = Wildcard

These are the misfits. Many aren’t even considered businesses in the traditional sense, but they are all ways to make money online. You typically need a lot of time, money, or luck to succeed with anything here.

  1. Trading
  2. Investing
  3. Esports
  4. Betting
  5. Gambling
  6. Multi-Level Marketing

Some profiles to give you a sense of those types and levels…

$7-20/hour social media evaluator

👉 Annie Appen profile

This would be a GetPaidTo business (Level 1).

You don’t need any special skills to do this kind of work, but you’re also unlikely to earn a living from it.

$35k-70k/year remote executive assistant

👉 Kaurie Albert remote job profile

We consider a remote job to be a Level 2 online business. (Though it’s not technically a business, I know.)

Up to $44/hour teaching English online

That’s on a platform called iTalki.

👉 $4-25 per hour with no teaching certification
👉 $5-44 per hour with a teaching certification

That would be a freelance business (Level 2).

$1 million in 3 years ethical hacking

👉 Santiago Lopez is a 19-year-old self-taught hacker from Argentina

He’d also be considered a freelancer (Level 2), proving it’s possible to earn big money with that type of business if you’re highly skilled and in the right industry.

$13k/month niche site

👉 Sa El’s website helps people compare insurance quotes and buy insurance

That’s a referral business (Level 3).

$300k first year dropshipping

👉 Rene Delgado did that in 2017

Dropshipping is considered a resale business (Level 3), since you order product on behalf of the customer and get it sent to them.

Rene reported a 12-15% profit margin, which works out to $36k-45k profit that first year.

$28k/month YouTube ad revenue

👉 Patricia Bright earns that much from one of her three channels

YouTubers like Patricia have an authority business (Level 4).

$5k/month making mobile games

👉 Anders Lundbjörk does that as an indie developer

That would be considered a digital products business (Level 4).

$80k/month luxury shoe brand

👉 Kartik Gurmule started KASA from India at 16 years of age

KASA is a luxury shoe and accessory brand that designs products in the UK, manufactures in Italy, sells online, and ships worldwide.

That’s a physical products business (Level 5).

$58k/month from a services marketplace

👉 BJ Wright started Funnel Rolodex a couple of years ago

It’s an online marketplace for freelancers who offer services related to building and optimizing funnels.

Marketplace businesses are Level 5.

$20k/month from Facebook groups

👉 Colin Theroit runs the Cult of Copy Facebook groups

That’s a social network business (Level 5). Colin essentially grew his own social networks (Facebook Groups) within an existing social network (Facebook), and monetized them in various ways.

The best way to make money online?

Lots to chew on above, so I’ll wrap this up by pointing you towards what I consider the most reliable path to a successful online business.

You’ll see it at the bottom of this page, under the heading “What’s the best path for you?”

(This link should get you there directly, unless my newsletter software goes all 🤪)

Lastly, your feedback is very welcome on all this new content.

I hear from people all the time who say they’re overwhelmed by all the options for working online, not sure where to start, what’s realistic, who to trust, etc.

It’s a jungle out there, and my goal with eBiz Facts is to make it easier for you to find your way.

So let me know in the comments if this new content helps you do that, and how we might make it even better 🙏

That’ll do it for this week.

Feel free to forward this email to a friend, or you can direct them to the online version here: https://ebizfacts.com/ebiz-weekly-86/

In case you missed em, here are the last three editions of eBiz Weekly:

Until next week, rock on with your legendary self 💪

Niall Doherty – Tbilisi, Georgia
eBiz Facts

By the way...

How To Make Money Online
A deep article laying out all the possibilities for making money online, based on the 6 levels and 19 types of online business.

Recommended Resources
Check out our collection of the best tools and resources for building an online business. Web hosting, email marketing, productivity, top-rated courses, etc.

Free Courses
A massive list of FREE Udemy courses to help build your online business. We only list top-rated courses – minimum 50 ratings – and update every 24 hours.

Find A Remote Job
See our list of the best ways to find a remote job, based on 100+ hours of research and testing.

Start Earning Online
A free crash course to help you build an online business, consists of 11 videos shot in Spain, Russia and Montenegro.

Freedom Business Builder
FBB is a private community of online business builders. Our 300+ members range from people just starting their first online businesses, to experienced online entrepreneurs earning thousands of dollars each month.

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If you enjoyed the above, come follow eBiz Facts on the socials. We share this kind of content regularly on Facebook and Twitter.

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