It’s not easy to make six figures online. It takes a lot of hard work, dedication, and patience. The key is how you go about it.
The internet is a goldmine of opportunities for anyone looking to make money online. The sky’s the limit – how much you earn depends on how hard you’re willing to work, how smart you are, and how much time you put in. Of course, this isn’t always easy when your day job takes up most of your hours and energy. But it can be done!
1. What is six figures
Six figures is a number anywhere between 100,000 to 999,999. Earning 6 figures online means that you are making $100,000 or more a year.
You may be thinking to yourself “it’s impossible to make six-figures online” or maybe “I don’t even know how to get started”. Well, this article will break down six-figures into six manageable steps.
And remember – if you’re already making six-figures online, then that’s great! Please share your insights with the rest of our community by leaving a comment below.
How To Make 6 Figures Online
If you’re serious about making six-figures online, it’s not going to happen overnight. You need to be persistent and consistent with your efforts if you want to reach this goal in a relatively short period of time.
A six-figure income online takes hard work along with smart planning and execution. It also requires considerable patience, as it takes time to build your six-figure business from scratch — six months is the standard timeline. You should also be willing to make adjustments as necessary along the way, such as refining your strategies, as you grow in experience and knowledge.
This six-figure income really boils down to two main factors: niche and offer. Although there are other variables that come into play, these two are the ones that will have the greatest impact on your six-figure income.
2. 6 Online Business Ideas for Making Six Figures Online
Now that you know what six figures is, it’s important to develop an online business model for six-figures. That way, six-figures will be a consistent income stream that you can rely on. Here are six online business ideas for making six-figures:
2.0 Affiliate Marketing
The first six-figure income stream that you can start will be affiliate marketing. Affiliate marketing allows you to become an affiliate marketer for companies that offer products and services on the web, such as Amazon or ClickBank .
With affiliate marketing, there are two models: pay per lead or cost per lead (PPL) where you get paid when your website visitors buy products and services mentioned, and pay per click (PPC) where you get paid a small amount of money anytime your website visitor clicks on an affiliate link.
You can also become an affiliate marketer for information products such as e-books or courses. This is another six-figure income stream that you can begin right away because it doesn’t cost a lot to get started.
The six-figure income stream for affiliate marketing will depend on your niche and how many visitors you can send to the product or service that you’re promoting.
TOP TIP: If possible, go after a six-figure affiliate marketing offers where it costs between $300 – $2000 for you to take the course. This way, you’ll get six-figures in passive income from one single online business idea!
2.1 Start a Consulting Business (Offer Your Services As A Freelancer)
Upwork: Upwork is a freelancer platform where you can find six-figure jobs from startups and to fortune 500 companies that want to hire freelancers for various projects. This six-figure income stream would be different from your affiliate marketing business because you’re getting paid by the hour or project, instead of per click or lead.
Six-figure income online jobs are all about the value that you’re bringing to the table, and how much other freelancers or people who can do the job are charging. If you are lucky to land a long term client, earning anywhere from $10,000 a year to a 6 figure income isn’t impossible.
Some of the services you can offer as a freelancer include; virtual assistant, developer, graphic design among other.
Read more about how to get started as a freelancer on Upwork.
2.2. Create an Online Store
One of the best ways to make six figures online is by creating an online store. This can be done through Shopify or other platforms. Creating an online store will allow you to monetize your niche and allow you to scale easily over time. Make sure you create a quality product that people want to purchase, as this will be the cornerstone of your six-figure business!
Recommended: Shopify + Dropshipping
Learn SEO and Marketing
In order to make six figures online, you’re going to need traffic. This is especially true if you want six figure income through dropshipping or affiliate marketing. You will need to learn SEO techniques and marketing so that you can bring in targeted traffic and monetize it once it arrives on your website!
Develop Your Own Product
If you are unable to create your own product, then you can purchase a product from someone else and sell it for a profit. You can create a six-figure income by selling other people’s products on your Shopify store. This is the most scalable way to make six figures online, but it’s also highly competitive with many people vying for the top spots in Google searches!
2.3. Start A Blog
Becoming a six-figure earner online involves several factors, but they all begin with a blog. This is where you can focus your most energy and creativity in order to attract customers to the six figure business that you’re building out of your site.
Interviews can be great because they give readers a new perspective on how six-figure earners are achieving their goals.
If you interview six-figure earners, let them know that you’re planning to publish the interviews online so they can help promote your blog along with their own!
Create free content
You don’t have to start charging six-figures just because you’ve got six-figure earnings on the horizon. Setting up a blog and starting to write great content will put yourself in position to make six figures, but keep your content free until it’s time!
Creating blog posts around content that is informative and offers value is the first step in the right direction.
This is because free content helps you build trust with visitors and your future potential customers. Once you build your authority in your niche, it will be easier to monetize your blog and start making money from it. This is an online business that you can easily turn into a passive 6 figure income with time.
How to make money from your blog
Monetization is very important because six-figure earners have learned how to turn their blog into a six figure business. There are several ways that you can do this as well!
You’ll need to learn about the advertising options available on your blogging platform. This will help you start to earn money from your blogging efforts.
2) Affiliate marketing
If you’re not already an affiliate of any company, now is the time to consider it. You can build up revenue by learning from people who have been in your shoes before. When you decide upon a business that you want to be affiliated with, you can begin promoting it on your blog to generate additional income.
What you’ll need to start a blog
- Domain name
- Hosting – I recommend Bluehost, they have some pocket friendly packages to get you started.
- Website building platform – I recommend WordPress because it’s easy to use, but there are still other good ones like Wix and SquareSpace.
- Creating six-figure content is something that you can do even if you’re just starting out with your blog! If you’re willing to put the work in, it’ll pay off in the end.
2.4. Sell Products on Amazon and eBay
One of the best ways to make six-figures online is by combining your passion with an opportunity to sell products on Amazon or eBay. Chances are that you’re already passionate about something, so why not create your own product in the form of a book? You may know how to write a book, but have no idea how to publish it. You can use the Amazon self publishing platform a guide, and then market your book through Amazon or eBay.
It’s important to consider how you want to create your six-figure business model before deciding how much money you want to make online. If you’re going to be selling products on Amazon or eBay, it would be a good idea to learn how to use eBay and Amazon seller tools.
2.5. Start A YouTube Channel
One of the fastes ways you can make six figures online is by starting a YouTube channel. If you create videos that are interesting and have valuable information, your audience will grow. You’ll also be able to monetize these videos through Google AdSense and other advertisement networks and eventually start making money from them.
How To Set Up A YouTube Channel
You can set up a YouTube channel by following the steps below:
Sign up for a Google Account.
Go to youtube.com and sign in with your Google account. If you don’t have one, you’ll have to create it before proceeding.
Create A Channel Page.
Click on My Channel where all of your channel’s details are displayed. Then click on the Create A Channel button.
Add a Channel Description
Next you’ll get to where you can enter details about your channel. Here, you can add an introduction of yourself and your channel if needed and then click Publish when done.
The first video that’s more than 10 seconds long is considered as the “intro video”.
Add Your Image
You’ll then be directed to upload your image. Upload the image that you want to use as your channel’s icon. Click on Done when done.
Use The Right Icon For Your Brand When uploading an avatar, make sure that it’s in line with your branding and what you’re trying to achieve with your channel.
After uploading your image, click on the dropdown menu of the “Your Channel” tab and choose “Channel settings”.
Here you can set up videos that will play when a user lands on your channel page. You can also modify other channel settings such as how long users have to wait after watching a video before they can watch another video.
Get Familiar With Your Channel
After you’ve created your channel, you’ll need to spend some time learning how YouTube works and how people use it. Make sure that both your branding and the content of your videos are aligned with your six figure online business goals.
2.6. Create an Online Course about Producing an Online Course
If you’re still struggling with ideas on how to make six-figures online, it might be a good idea to create a course about your favorite topic. It could be real estate, how to earn money online, personal finance like how you got yourself out of massive debt.
Look for a niche that is less explored and create an online course with your strategies.
If you’ve achieved something like living debt free by following certain steps and methods, then take the time out to write them down and develop an offer that you can sell to your audience.
Don’t worry, you don’t have to be a six-figure earner yourself in order to produce six figure online courses – although it certainly helps if you are!
2.7 Invest In Stocks and Bonds
If you’re planning on going the six-figure online business route, it might be a good idea to invest in stocks and bonds. Stocks are investments that allow you to buy shares of your favorite companies through their stock market trades. You can make six figures by buying and selling these stocks.
The purpose of investing is usually to achieve long-term returns and six figure earner investors usually don’t buy high-risk stocks. Instead, they pursue investments that are most likely to be profitable in the long term.
Some company stocks to look at include Google, Upwork, Fiverr.
Investing in stock portfolios isn’t at all hard to do, but you need to first know how stocks work and how the stock market works. You might be an expert six-figure online earner but if you don’t understand how the stock market works, then you won’t be able to pick high performing stocks.
3. Why you should consider making six figures online
While 6 figure numbers sound intimidating, it is not. It’s all about strategy and knowing what you’re doing.
With a 6 figure income online, you’re no longer restricted to a location. You are able to work from anywhere in the world with an internet connection. Many six figure earners travel and don’t live in one location.
Getting six figures comes down to having your own product or service. Your product could be eBooks, information products, an online course or some other sort of information that you’re teaching.
4. The pros and cons of making six figures online
The pros of making 6 figures online are that you can:
- Make six-figures a year.
- Pick your own hours and work when and where you want to work.
- Have the chance of making multiple six figure revenue in a short period of time (such as six months).
The cons are that:
- It is extremely difficult, and there’s no guarantee that anyone will ever be able to do it.
- You have to put in the work to see considerable results.
5. The six steps to six figures online (Or making six figures in six months ).
Again there are several factors you need to do if you want six-figure income online. You need to have six things done simultaneously and working for you, so that you can reach six figures within six months of starting!
5.1) You need good content.
This is one of the most important things in making six figures online, if there’s no content on your website then how do you expect it to make six figures? So, you need to create value for your readers by providing them with good information (the type of content that they can use in their daily lives) and then monetize the traffic that you’re getting from social media platforms. This is a no-brainer because there are many ways you can get traffic from social media platforms. Good content is the first step to six-figure income online, you don’t even need six-figure income because if you’ve got good content then six-figures will follow!
5.2) Build an email list.
This is a no-brainer too, also if you want six figure income online then you need to start building your email list from day one. This is crucial if you want your small blog/website to become a full-time gig because you’ll have an endless stream of money coming in as long as you know how to monetize it!
5.3) Place your content on the right platforms to gain exposure.
In order to make money you need to figure out where you want it to be from. If you want make money from AdSense then place your content on a blog and start writing for your audience. Sign up with Google Adsense once you have some considerable traffic.
If you want six figure income online then start looking for other ways to make money, such as selling your own products or affiliate marketing. Make sure to always create content that is valuable to your audience and they will thank you for it if you monetize through Adsense.
5.4) Invest in a good domain name and theme.
You also need to invest in a domain name, this is something that you can’t avoid because if you don’t have it then people won’t trust your brand and earning a six figure income online will not happen.
5) Develop an online strategy and stick to it.
This is the most important thing you need to do if you want to start making money online because all these things will not work if you don’t have a plan in place!
5.6) Work on your business on a consistent basis.
This is something very important because to make a six figure income online takes hard work and you need to start working on it from day one!
Don’t try to force these six things, there is no six figure income blueprint out there that can get you six figures within six months. You’ve got to do this the right way by making full time job and not just a side hustle!
Can you really make six figures in six months?!? Maybe you can, maybe that six figure number is just a starting point. The question is will it stop there or keep growing and growing… only time will tell!
Your 6 Figure Journey!
You may be able to make six figures a year with the right amount of dedication and work. However, it takes hard work and perseverance in order to really see results. You also need to find a way that works for your lifestyle. Whether that’s working from home or dedicating part-time hours after putting in full days at an office job.
For many people, making six figures is not possible because they simply don’t have enough time due their day jobs taking up most of their hours during the weekdays.
Regardless of where you are on your path towards six figure earnings, there are some steps you can take today:
>Create content about what interests your target audience (research relevant keywords) >Make sure you use the power of social media (think Twitter, Facebook, and Instagram) >Use your resources to promote other people’s products and services as well as your own .
It is definitely possible to make six figures online when you’re willing to work hard for it. The great thing about six-figure income is that it opens up the door to six figure residual income. Once you’ve made six figures, it’s time to start focusing on multiple six-figures!