Finally, the most profitable method to make money is to obviously create your own product or service. Creating your own product or service does take a large amount of capital but once it is created, it becomes a cash cow. If you don't feel like doing the promoting, selling, or writing yourself, simply outsource it or allow affiliates to do your selling for you.
You'll find the most successful online business owners are people who've found a niche and created a valuable product or service. Their affiliates take their cut and leave the product owners with a fat bank account after paying the rest of their expenses.
Plus, once you develop a successful product, you can scale your business and expand your product base. Once you have several products selling thousands of dollars per month, you can essential sit back and just manage your business and watch the money roll in.
Online Strategies Summary
Hopefully you've learned there are a variety of methods to make money online, all of which have their upsides and downsides. The next chapter is going to highlight the importance of obtaining web traffic and why it is impossible to be successful without it.
