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Are you tired of the heavy traffic going to work and work with a job with a boss you hate? , Are you a someone who's looking for ways to earn money without leaving the comfort of , your home while taking care of your family? , In this video I'm going to share to you 5 legitimate ways you can make money online , here in the Philippines… coming up! , Hello Millionaires! , This is Fib Lima, your wealth & life coach , In this channel, we publish weekly content that will help you earn more income and achieve , success in business and in life , So if you’re new here consider subscribing , Don’t forget to ring the bell button so that every time we publish a new video, you , will get notified , And hey at any point in the video, check out show notes and links in the description for , more details , Let’s jump into the content , First way: , 1 , Advertisements and Sponsorship , Are you familiar with those huge billboards you see in the city, on flyover and on the , side of the malls? , The obvious reason is because they want to advertise and market their products and services , But the not so obvious part is that these companies are paying rent to these advertising , spaces , So if you are the owner of these spaces, you can easily generate passive income from advertising , rentals , So why is this relevant in making money online? , Because this is one way bloggers and website owners make money online , Their blogs and websites serve as a virtual real estate that they can allow advertisers , put ads in it for a profit , And why would companies advertise on these platforms? , Just like billboards in the city, malls and other high-traffic areas, these companies , are willing to pay advertising rent for eye-balls on their products , So for websites and blogs that has high number of readers and visitors, they are perfect , for earning good money in advertising and sponsorship , The downside of this way of making money online is that it takes tons of visitors for you , to make a substantial income , So if your blog is just starting out, it may take up to months before you'll earn your , first W dollars online , Another downside is that since you don’t have a product, you are driving away precious , visitors to a different company , You spent time and effort building an audience and you drive them away by encouraging to , check out an advertisement for a Toni-twine advertising income , So another alternative should be to sell a product online , But what if you don't have a product? , Here comes make money online way number 2 , 2 , Affiliate Marketing , This is basically promoting and selling other people's products , And by doing so, if you are able to successfully refer someone, the product owner will pay , you a commission in return , Think if it as a referral fee , The advantage of this type is that all you have to do is drive traffic or show the product , to as many people as possible , In fact, this is where I first made my fortune in online business , I did't have a product, so I promoted other people's products , You can be an affiliate for famous motivational speakers like jack can field, grant car done , or t Hart eke and promote their programs and earn commission per successful referral , You can be an affiliate to physical products like amazon, lazed or Zamora , You can be an affiliate to software products like website hosting, email marketing soft wares , and other tools , Or you can be an affiliate to membership sites and earn recurring passive income commissions , The challenge with this type though is that there are tons of other affiliates out there , too promoting the same product , Meaning, you need to be different or outwork the competition in order to be a top affiliate , Now what if you don't want to promote other people's products, instead you promote your , skills and services online? , Yes that's possible and it's called: , 3 , Freelancing , Freelancing in the Philippines is a growing trend , People now are working at home offering their services, skills and expertise and earning , dollars without leaving their homes. , Let me explain. , Making money online in the Philippines is still at it's infant stage , But outside the country like US, it's like a norm already , Everybody is creating online businesses left and right and these business owners have to , maintain their blogs, websites, social media accounts, emails and their communities , Since they can't handle it all, they outsource these tasks like social media management, , advertising, replying to email and such, to people outside the country for half or even , way lower the price they pay for a local employee , This is where Freelancers in the Philippines come in , They accept tasks like being a virtual assistant (replying to social media accounts), managing , advertising, email marketing, video editing, transcription and more , They are trading their skills for money , And since they are living in the Philippines earning dollars, it's one lucrative way of , earning money online , The only downside is that, since you are trading skills and time for money, it is rarely way , for you to earn passive income online , Another way to earn online is by selling physical products online , This is where Commerce and Drop shipping come in , 4 , Commerce and Drop shipping , This is basically selling physical products online amazon , But instead of just being an affiliate (as mentioned earlier). , ..you build your own online store , You buy wholesale products (cheap stuff from china for example) and sell it in your website , for like X the price , This is possible through branding and finding a winning product , Personally I'vie bought a W peso product and sold it in my website for 1,W , Caching! , The downside of this business model is that it requires a lot of testing in finding that , winning product , Add to that the cost of advertising and shipping and handling , And since you are dealing with physical products, you also have to handle damages and product , returns , And lastly, my favorite , The last way in making money online is through creating and selling your own digital information , products , 5 , Digital Information Products , These are in the form of an book, audio book, video training, online courses and/or coaching , programs , Unlike earning through advertising, you are building and audience and monetizing it through , your own products (not drive them away to competition) , Unlike affiliate marketing, you own W% of the income when you sell a product , Unlike Freelancing, creating digital information product (after creating) you can automate , it and make it make money in autopilot , And unlike commerce, these products are digital meaning, no handling, no damages, no returns , This is for me the best way of making money online , How? , By using your knowledge, expertise or passion and packaging it into an information product , (like an book or online course) and sell it , It's just like going to school, but instead, you pay online and learn in the comforts of , your home , If you would like me to show you have you can build your own business just by sharing , your knowledge, passion and transform it into a product that’s magnetizable on the internet, , I want to invite you to my FREE Webinar where I’m going to reveal to you the secrets that , will help you start at quickly as possible , Just go to launch.com/register or click the link in the description to register for , a seat in my FREE Webinar Class , Question of the day , What do you think are other ways on how you can make money online? , What do you think is the best way? , Let me know in the comments below! , I read each and every comment because I want to connect with you and have a conversation , Thanks for watching this video , Subscribe and ring the bell if you haven’t yet , Until next time, this is Fib Lima , Achieve success, live with happiness, and enjoy the good life.
