There’s plenty of opportunity out there to become an online millionaire, but do you have what it takes?
If you want to become an online millionaire you will have to make a lot of lifestyle changes, including self-discipline and long hours of work and research so that you tap into the right markets and opportunities.
So with this in mind, are you ready to take the next step to becoming an online millionaire? Then keep reading!
11 Ways To Become An Internet Millionaire
1. Make The Necessary Lifestyle Changes
First things first, you cannot expect to become rich and successful by continuing with habits that have kept you poor (for lack of a better term)!
If you want to make serious changes to your bank balance, then you’ll need to make some serious changes to your daily habits. Remember, who you are is a direct reflection of your daily habits, so changing these is a vital first step.
For example, do you wake up early, get enough exercise, eat well, and set time aside for your mental health?
If not, then now is the time to start doing so! If you cannot look after yourself, then how are you going to nurture a successful business venture? Well, you can’t.
With that being said, it’s really importantly that you set a stable morning routine. Instead of mindlessly scrolling through social media when you wake up, eat a good breakfast, go for a walk, make a to-do-list, or practice some meditation.
By doing this you are setting your brain up properly for the day ahead, rather than rotting it with social media.
Secondly, you’ll want to seriously cut down on drinking. Have you ever had a productive day hungover? Probably not! So, put down that drink and focus on celebrating only once you’ve earned it.
2. Change Your Circle
If you’re going to become successful, you cannot expect to hang around losers. After all, you’ve heard the saying?
If you hang around 6 losers you will be the 7th, but if you hang around 6 millionaires you will be the 7th (or something like that)! You get the gist of it.
If you need to remove people from your circle in order to cut out toxic habits, then you should do it—feel no remorse!
Never feel guilty about cutting toxic people from your life. They may be angry at your for a little while, but it won’t be long before all is forgotten and they’ve found a new friend to get wasted with. You’re better than that!
3. Start Collecting Capital
If you’re serious about starting up a business, then you’ll need the capital to do so. If you’ve already got a 9-5 that barely pays the bills, then you’ll need to start up a side hustle to save capital.
Now, this will not only save you money for your business endeavors, but it will also give you some practice on how to make money online before you start your business. It’s a win-win!
If you’re wondering how you can make some extra cash while freelancing you can check out the below websites for some awesome opportunities:
If you’re thinking that you don’t possibly have enough time to do your regular job and side hustle, then you’re not managing your time properly!
Remember, people make time for what is important to them. So, would you rather watch that Netflix episode or hit happy hour, or work towards living your dream? The choice is yours.
4. Affiliate Marketing
If you’ve never heard of affiliate marketing, then best you keep reading!
Essentially, affiliate marketing is when you partner up with a brand or business and promote them through the content that you produce.
You can do this through blogs, websites, videos, and even through social circles—how you do it is up to you, but the concept remains the same.
So, how do you actually make cash? Basically, the business will pay you every time someone purchases their product while on your page. This makes affiliate marketing the perfect way to earn passive income.
In other words, you are literally earning money while you sleep! That said, you’ll need to put in a significant amount of work before you sit back and rake in the millions. Nothing comes for free!
Want to learn how you can get started with affiliate marketing. Check out this helpful guide for all you need to know.
5. Launch An eCommerce Store
Speaking of passive income, launching an online store is one of the best ways to make cash while you relax!
That said, the hard part is getting started. With eCommerce, you’re essentially selling products online and ensuring that they are delivered timeously.
However, the products don’t have to be tangible, you can also sell courses and information. Whatever you decide to sell, just make sure that there is a market for what you are selling, you have the right advertising, and you’re selling it through the right platform.
eCommerce is beneficial as you don’t have to worry about paying huge monthly expenses in terms of location and maintenance, so this makes it an excellent start-up option.
If your product does well and word spreads, you can find yourself becoming a millionaire sooner than you originally thought!
Want to learn more about creating your own eCommerce store? Find out more here!
If you have a flair for writing, then blogging could be your next ticket to becoming a millionaire!
While you probably never thought about it, writing helpful blogs that answer frequently asked questions on Google can direct a whole lot of people to your site.
If you are providing useful, content-rich articles for people online to use, you’re naturally going to drive more traffic to your site.
Now, I’m not saying that you charge people for the information you provide, as nobody would bother (sadly, there are millions of other free articles they can and will choose instead).
Instead, you use this as an opportunity to redirect potential customers to a product that you are selling. Ideally, the content that you write about should be connected to the product in some way so that you attract the right target market.
If you don’t have your own product to sell, you can partner up with brands and companies and have them advertise on your page which will also generate a passive income for you.
You just need to make sure that you have enough traffic coming through on your site, otherwise companies won’t see it as worth their while to advertise on your page.
Want to learn more? Check out this page for all you need to know about successful blogging.
7. Become A YouTube
Becoming a YouTuber is fast-becoming one of the most popular ways to make money online.
In fact, the number of young YouTube millionaires grows substantially every year, so there’s definitely something to it!
If you hope to make money online as a YouTuber, then you’ll need to post content that is engaging and relevant so that you can grow your following.
This is because YouTube only pays you when your videos have millions of views, so you’ll need to grow your audience.
If you’re not sure how to get started, then take a look at this page for some helpful tips and tricks!
8. Become An Influencer
Okay, you may be rolling your eyes just a little bit right now but social media influencers rake in the big bucks!
In fact, did you know that the highest paid influencer is worth a staggering US$610 million? So to all the haters, she is laughing all the way to the bank!
Huda Katten is only one example of a highly successful influencer, there are plenty more.
Influencers earn their millions through approaching brands and offering to endorse their products.
In order to become successful and monetize off this, you need to have a substantial following. After all, you can’t expect to earn millions if you only have a 500 follower audience.
That said, the platforms with the best earning potential are:
If you don’t have a lot of followers, then you’ll need to find a way to engage the public and draw traffic to your page.
How you do this is entirely up to you, but it can be done!
9. Become A Social Media Marketing Guru
When I first started with blogging I had no clue what I was doing!
My only hope was to seek the help of someone else more experienced in the field with all the tricks of the trade, but that comes at a cost.
Social media marketing gurus can either choose to share their tips and tricks for free and monetize off YouTube or the advertising and affiliate income, or they can charge actual money for their courses.
Since social media marketing is in such high demand, creating helpful, content-rich videos and sharing them on YouTube is an excellent start.
If you find that your teachings are really popular, you can progress towards selling courses.
Some of the most successful social media marketing names include the following:
So, if you have the right know-how, why not give it a bash?
10. Invest In Cryptocurrency, Stocks, & Share
If you feel that the above suggestions aren’t for you, then you can always invest! In fact, many people have become millionaires from investing smartly.
That said, you do need to have the right know-how in order to make millions. Many people do not have the skills and knowledge to trade and invest properly, which is why you have significantly less competition compared to the above options.
If you are a beginner, your best bet is to spend a generous amount of time researching the market so that you have a deep understanding of the concepts.
Most importantly, it’s a good idea to find a trusted friend or mentor that has extensive experience. They can help guide you through the dos and don’ts so that you don’t end up making a costly mistake.
11. Create An App
If you are technologically inclined, then developing an app is a really great way to make some serious dollar!
In fact, if you develop a popular app that is efficient, innovative, and useful, then you can stand to make hundreds of millions.
Just think about the creators of TikTok, Facebook, and Instagram? They have so much money they don’t know what to do with it!
They can monetize off their apps every time someone downloads it, or they can simply sell it once-off for a massive lump sum (assuming the app is in high demand).
While this option isn’t necessarily for everyone (we’re not all coding geniuses) it should be on the top of your list if you do have the ability. Don’t waste your talents!
Becoming a millionaire truly is everyone’s dream, but if it was easy then everyone would be doing it!
If you want to become successful then you’ll have to do the uncomfortable things such as waking up early, working late hours, forfeiting some guilty pleasures, and standing up in the face of adversity.
While it certainly won’t be easy, remember that nothing good in life comes easy.
The key is to find something you are good at and invest, invest, invest. You never know, you could be the next Mark Zuckerberg!