It’s no secret that when it comes to making money online, most of us want instant gratification.
Gimmie the money now!
Some of us don’t want to hear that we have to wait a month let alone a whole year to start seeing the fruits of our labor.
If I said yes, would you believe me?
You probably wouldn’t right?
Maybe if I told you that it would take a month or 6 months or maybe even a year before you make your first sale online – that’s easier to believe right?
Well, the honest truth is, both scenarios could be true.
In this post, I am going to give you 5 factors that will affect how fast you make money online.
So grab a cup of coffee or your favorite beverage and let’s have a deep dive to see if making money online in 24 hours is really possible.
The short answer is YES!
However, this is a VERY rare situation as you’ll soon discover!
The sad fact is that most newbie marketers have been brain-washed into thinking that they can fire up their computer, run a few software, and make a few clicks and start cashing in the dough right away.
Unfortunately, it doesn’t work that way.
Well, at least not if you want to have a long-lasting online business that generates a passive income that can sustain your lifestyle.
But some people genuinely want to know how long it will take them to start seeing progress in terms of actual dollars made from their online business.
These are persons who are not afraid to put in the work every day to produce positive results. It’s just that they want to have an idea of how long before they can expect to see a return on either their time or money invested.
So as a result, one of the questions that a lot of new online entrepreneurs LOVE to ask is: How Fast Can You Make Money Online?
It is one of the most popular questions I come across in most of the internet marketing Facebook groups that I’m in.
It is also a recurring thread on numerous internet marketing forums as well.
Unfortunately, there’s no clear-cut answer to that question.
I’m still going to give you a realistic view of how fast to make money online in terms of how long a particular method or business model may take.
Asking how fast you can make money online is like asking how fast it will take to get to New Your City.
It depends on where you are at the moment, what will be your means of transportation as well as several other factors.
Simply put, the time it takes to generate a good income or any money at all online will vary for everyone.
Do you see where am going?
What’s fast for me may be slow for you or vice versa.
“How Fast” is relative!
I know that’s not necessarily the answer that you were looking for but that’s the best generic answer I can give.
I have to be 100% honest with you!
Because when it comes to marketing online, no two persons are alike.
So I could never give you a set time period to work with.
The good news is that, unlike traditional brick and mortar businesses that require a LOT of time and money to start, you can practically start an online business within a few hours and at a fraction of the cost.
Typically you can start an online business from anywhere in the world as long as you have a computer and an internet connection.
And your online business will be mobile.
Which means you are not tied down to any specific location.
You could have your website up in a few hours and ready to collect payment from all over the world. And as long as you can collect a payment, you can start selling and making money!
So whether or not your business starts making money fast (depending on your definition of fast), the idea is that you don’t have to invest a lot of money upfront to ‘test‘ the waters!
Plus while it may take some time to start generating passive income from your online business, depending on the type of business, this waiting period can be as little as a few hours to a few days as opposed to years.
I believe that the best way for me to answer this question is to give you an overview of some of the potential methods to make money online that you can start doing today.
I’ll give you a summary of how each method work and then let you know potentially how long it will take you to start making money from a specific method.
So if you stick around to the end of this post, you’ll have an idea of some of the many ways you can start an online business and potentially how long before you can start making money with that business.
Then you can determine by your own standards if such a business model makes money online Fast or Slow.
Okay, So are you ready?
The first factor that will affect/determine how fast you make money online is whether or not you are utilizing free (in terms of money invested) vs paid marketing strategies.
As you can imagine, free methods will be time-intensive and require that you put in some elbow grease to become successful.
Paid methods, on the other hand, will require that you have some start-up capital to invest to grow your business.
Typically paid methods are faster than free methods because you can spend money on advertising and get people to your offers, products, or services within minutes.
Already you can see why asking: “how fast to make money online” does not have a one size fits all answer.
Because as it relates to free methods, the person willing to put in more time and effort will get results faster. While as it relates to paid methods, the person who has more capital to invest will typically see results faster.
If you are just getting started with a particular marketing method/online strategy, it will take you some time to become competent at the method.
Every marketing strategy has a learning curve.
It goes without saying that how fast you can make money with the method will depend on how fast you can learn and master the method.
For example, affiliate marketing with Youtube is a very lucrative method to make money online.
How fast you make money online will also depend on which marketing route you decide. Aside from the obvious free vs paid factor, different marketing channels also vary in how fast they work.
For example, let’s say you decide that you want to learn affiliate marketing.
Well, there are several different ways you can achieve success such as blogging, SEO (search engine optimization), Pinterest marketing, Instagram marketing, and the list goes on.
If say you decide to go the SEO or blogging route, it can take up to six months before you start getting any momentum in your business. While focusing on Instagram can take as little as 30 days!
It’s no secret some people work incredibly faster than others.
You have some persons who can zone out all distractions and just remain focused for a long period of time and get the job done.
This means that without a question, they WILL get results faster.
Some people, on the other hand, are always distracted and takes forever to get stuff done.
Sadly myself is included in this bunch. This very blog post you are reading now took days to complete. But I’m working on myself and I’m getting better!
Every market you enter and every marketing strategy you employ will have hundreds if not thousands of other persons doing the same thing.
It is, therefore, ESSENTIAL that you utilize your creative power so that you can stand out from the crowd.
Yes, you can get ideas from your competition but if you try to do everything as they do, not only will you take a very long time to see a return but you may fail.
You have to do something different so that you can stand out and render the competition irrelevant.
Note: With regards to using the methods below, I categorize how fast you can make money with them in terms of cash received that you can spend right away.
For example, let’s say you decided that you wanted to use Youtube ads revenue as your source of income, and let’s assume that your channel is already monetized.
Even then, it would take you up to 30 days to receive a payment.
While if you are a freelancer, you could get your payment deposited into your Paypal account right away.
I had to start with affiliate marketing because it is one of my favorite ways to make money online.
With affiliate marketing, you can choose from hundreds of thousands of products from different affiliate networks and start promoting right away.
The great thing about affiliate marketing is that in some cases, you don’t need to set up a website to start promoting products or services.
The affiliate network will provide you with a unique link to a specific product that you can share and if someone makes a purchase of that product you’ll make a commission.
So how fast can you make money online with affiliate marketing?
If you promote products from affiliate networks that offer an instant payout to your Paypal account then you could potentially make money your very first day. An example of such an affiliate network is JVZoo.com.
Starting out from scratch you won’t have an audience and simply sharing a link on your Facebook page is NOT a business model.
Yes, you can make a sale that way but this is not sustainable. So the typical thing to do would be to find a niche market that you can serve and create content that attracts your ideal audience.
You’d then need to set up a website or at least a lead capture page to collect your visitor’s information and then you can market affiliate products to them.
All of this takes time but if you are a go-getter, you could be up and running from your very first week.
If you are using paid methods, then you can start driving traffic as soon as your very first week. Potentially you could make your first commission that week if you are on point with your targeting.
Personally, if you are just starting out I wouldn’t recommend paid traffic until after you have some free marketing experience under your belt. Because while you could make sales fast, you can also burn a lot of cash fast without any returns as well.
Using free methods, on the other hand, will require that you put out a lot of content to attract your ideal audience.
For example, you could start a Youtube channel, a podcast, or a blog.
The important thing will be that you are consistent in putting out high-quality content and that will drive more persons to your affiliate offers so you can generate commissions.
One of the best ways to make money online is to create and sell your own products. When you create your own products, you have more control over the sales process.
You can split-test landing pages, prices, sales letters, and even the entire sales funnel. The problem with creating your own products is that it will require a lot of time and money before you can be up and running.
Plus the fact that you are just starting out means that you don’t already have an audience to get ideas from on what kind of products to create. This means you’d just be creating products and hoping that the market will buy it.
Not the best move!
So how fast can you make money online by creating your own products?
Unlike affiliate marketing where you can simply promote a link, you’ll need to spend days or even weeks creating your product from scratch.
For the best-case scenario, your product could be a simple ebook. But even then, it will take some time to research and organize the material.
On top of that, you’ll need to create an effective sales funnel if you want to generate sales.
All of this takes time!
Just as with affiliate marketing, you will need to focus on building an audience that you can market to.
In this case, where you are promoting your own products it is even more important. You need an audience that you can serve and they’ll provide feedback and help you to make your product the best it can be.
So typically, if you are paying for traffic, you can grow your audience faster than if you are using free traffic.
How fast you earn money online from creating your own product will depend on how fast you can grow your audience, get feedback from them on what they need, package that information in a high-quality product and execute an effective sales funnel.
This is one of the online jobs that are HOT right now.
If you are verse on Facebook, Instagram, or any of the top social networks, you could manage the social media accounts of other businesses. You could do this either as a freelancer or owning your own social media agency.
Some of the tasks involved are moderating and responding to audience comments; manage social media partnerships with other brands, and create and/or post shareable videos and images, etc to grow the business pages and build rapport with audiences.
So how fast can you generate an income online as a social media manager?
You can start out as a freelancer and either get on the phone or send an email directly to businesses and sell yourself on how you can help them grow their online presence and generate more customers to their business.
Depending on how creative and persuasive you are, you could land your first set of clients on the very first day.
Realistically it will take a few tries to hone your sales skills to convince businesses to trust you given that you don’t have any prior testimonials to share – since you are just starting out.
So as a starting point, you may also want to offer your service for free to gain some testimonials that you can use to attract new clients. This will take a few weeks after which you’ll be more equipped to get new clients.
So within 30-60 days is a more realistic duration of how long the average person can make money online as a social media manager.
In order to get involved with this method, you’ll need to first have a blog or website that has lots of content and get a lot of traffic.
Once your website is getting a good amount of traffic (think thousands of visitors per day), you can sign up to display advertising networks and allow them to place ads on your website.
When you sign up for these networks, they’ll provide you with a snippet of code that you add to your website. This code will allow them to rotate different advertisements that may appeal to your audience.
With display advertisements, you don’t have to sell anything. Once a visitor clicks on an ad, you’ll earn some money. How much depends on the niche your website is in and how much advertisers are willing to pay for those clicks.
Typically the ad network will split the revenue in a 50:50 ratio. Sometimes more, sometimes a little less.
So how fast can you expect to make money with display advertising?
The key to making money from display advertising is getting a LOT of traffic to your blog/website. And when you are applying to most of the ad networks, they’ll want to have proof that your website is indeed getting traffic.
Some networks will want to see your last 30 days – 6 months of traffic analytics before they approve your application.
Again, if you are paying for traffic you can get results much faster. However, when it comes to ‘display advertising’ I wouldn’t recommend paying for traffic until you really know what you are doing.
Since you are not selling products or services, what you’ll be doing is known as traffic arbitrage. This means buying traffic at a low cost and hoping that advertising revenue will have a positive ROI.
Youtube is a beast because you can make money in several different ways using the platform.
For example, you can use Youtube to make money by:
Let see how fast you can really make money online from the above methods.
With affiliate marketing or selling your own products on Youtube, you don’t need to have a big channel with thousands of subscribers in order to make sales.
You could potentially target a high commercial keyword and rank your video on the first page of Google and Youtube within 24 hours.
Your target audience could be searching for information and find your video and then buy the product you are either selling or recommending.
Depending on which network the offer is from, you could have an instant commission in your Paypal account within 24 hours.
After 30 days of being consistent, you should have several videos ranking and getting targeted views.
If you are targeting the right audience with a burning problem then you should be able to start generating affiliate commissions or making your own product sales.
This also depends on how you connect with your audience and the quality of the content you provide in your videos.
With sponsorship deals, brands will reach out to you to feature their products or service on your channel.
Unfortunately, if you have a very small channel most brands won’t any attention to you. It just wouldn’t be worth their time.
So if you are starting a brand new channel, it will take at least 6 months to grow to a certain level where brands will recognize what you have to offer and start reaching out and making deals.
Firstly, Youtube’s policy is that you must have at least 1000+ subscribers and 4000 watch hours in the past 12 months to be eligible for monetization.
The good news though is that you can send in your application even before you meet those requirements and Youtube will approve your account once they are met.
I put this at 4 months because it will take some time to grow your subscriber base and watch time hours.
However, if you are consistent and target the right audience and promote the heck out of your channel, you can reach this goal and start making money within 3 months.
Keep in mind that the money you make in one-month won’t be paid until the following month!
By now you should have an idea of how fast you can make money online.
In all honesty, there are a LOT more ways to make money online and the top 5 listed in this post is just a tip of the iceberg. However, most of the other methods will still be subjected to the 5 factors that affect how fast they work.
Here’s the thing though!
Don’t start a method because it works faster than the next if you don’t have a genuine affinity for that particular method. For example, you can get results faster with Youtube than blogging or SEO.
However, if you are not a video person but you enjoy writing then it would be best if you focus on blogging. The quality of your work will be so much better which will equate to a better return on either your time or money invested.
Be sure to share it on your favorite social media accounts and leave a comment below and share your thoughts!