Building a website is the best way to make money online in 2013, 2014, and beyond. Compare it to other ways to make money online: working for someone else, advertising on other people’s websites, or producing content for a closed platform.
In every case, building a website gives you more freedom and more profit potential. Here’s why:
Building A Website To Own
You can build your own website—emphasis on the “own.” If you work on someone else’s website, or proprietary platform, or advertising network, you don’t create any equity. All you have is what you got paid.
But when you build a website from scratch, you not only get the direct monthly income from the website, but you also have the opportunity to sell your website for many times its monthly earnings.
Websites typically sell for 12 to 24 months worth of net profit. That means a website which just barely pays your bills with $2,000 in monthly income is worth up to $48,000.
More importantly, it means that whenever you invest time in your website to increase your monthly income by just 1 dollar, you actually create up to 24 more dollars of equity. Crazy way to look at it but true.
But when you work on someone else’s website, platform, or network to earn that extra dollar, all you get is that extra dollar. It hardly seems worth it.
Build A Website Because It’s Easy And Cheap
I don’t know why you’re reading an article about building a website—by the time you finish this article, you could’ve built a very basic website.
Sure, that website would be too basic to earn any money straight away, but it would be a start. Over the next few days, you could add content, add advertisements, and setup an affiliate marketing account or two.
Then you wait a few days for Google to index your site. You work to get a few backlinks, create some more content to improve the rankings of your best performing content, and—suddenly—you get your first bit of income.
(Sure, it’s probably less than a dollar—but now you’ve made money online. You’re hooked.)
How much did it cost you to make your first bit of online income? Probably less than $10 for a domain and less than $5 for hosting. Typical website annual costs range between $50 and $100—and the income potential is many, many times that. That is exactly why I wrote an article about building a million dollar business with $100 cash.
How much work did you put in? What skills did you need to learn? Here’s a sample:
• You had to enter your credit card number to purchase your domain and hosting. But make sure you get the best deal by getting a discount on hosting and a bonus as well.
• You used a one-click install of WordPress which really takes only one click. That is FREE.
• You filled out some basic information on your new WordPress website, like the site name.
• You choose a WordPress theme using the Theme Gallery and installed it using another single click or bought a premium theme
• You wrote your first blog post using the WordPress editor—no HTML or programming required. (The WordPress editor looks a lot like Microsoft Word.)
• You added advertisements and affiliate links using simple one-click plugin installs. All you had to do was copy your advertiser and affiliate ID numbers into WordPress.
Building a website couldn’t be easier, and it could hardly be any cheaper—so what are you waiting for? In fact here are the first steps to build a website from the ground up.
But before you build the website you need to build it on solid ground. In this video below I show how to buy 3 years hosting for $133.00. Imagine if I was to try and rent a building or shop for 3 years rent? Trust me I have been there are done that! I used to have a cafe that paid over $10,000 a month in rent alone.
Building A Website For Your Passion
Maybe you’re waiting to build a website because you don’t know what to write about. But the freedom to write a website about almost anything is why I think building a website is the best way to make money online in 2013 and beyond.
You really can create a website about anything, and so you should probably create a website about something which stirs your passion.
Any hobby of yours is probably a hobby for a lot of other people too, and people love to spend money on their hobbies—so there’s an incredible income potential.
Don’t believe me? Consider this: some of the top selling non-fiction books are books about how to save money. That’s right, people who self-identify as “frugal” and “cheap” spend an incredible amount of money on books about being frugal and cheap.
If people in the frugal niche can sell to their audience, surely you can sell to the non-spendthrifts in your niche.
Think about making a good income doing what you already enjoy doing. Doesn’t that go a long way towards making building a website the best way to earn money online? Not saying you will never run out of ideas if you write for passion, because eventually you will, but at least you can get your content ideas from all around the web. I use some PLR sites to get my creative juices flowing. I do not straight out publish PLR, I just use it to inspire more awesome content.
Building A Website Online For Experience
One thing is obvious: people with experience building a website will be more employable in the increasingly-digital future.
Even if you don’t want to build a website for any of the reasons listed above, consider how beneficial building a website will be to your professional goals.
When you build a website, you get immediate feedback about the quality and effectiveness of your website. First that feedback comes from Google and other search engines. Then, as you get traffic, feedback starts to come from your website visitors.
Some of that feedback may be direct comments, but most of it will be data gleaned from your statistics. As you review your statistics, you’ll discover what works and what doesn’t—information you can use to improve your skills.
As you improve your skills, you’ll improve your website, and as you improve your website, you can showcase it to potential employers or clients. Everyone wants to hire a successful person—a person who knows how to make money online. Building a website is the best way to make money online now, in the future and wherever your career takes you.
Image credit: LBW