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How To Make Money Online For Beginners

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How To Make Money Online For Beginners

There are many opportunities to make money online as a beginner, and it’s never been a better time. Small businesses make up approximately 99 percent of businesses with over 33 million small businesses in the US alone. If you are thinking of starting a new business, you are in good company.

As a beginner, the best way to do so is by starting your own business as a side hustle. With dedication and hard work, you can grow your side hustle into a profitable online business.

You need to establish an online presence and break through the noise if you want to make money online. Making money is not a get rich quick scheme. You should be building a legit, ethical business online. Make no mistake, it will take time, but the results will be worth it.

The key to breaking through the noise of the online world and gaining visibility is to show who you are, what you represent, and how you can help them. It’s about building a relationship with your audience, earning their trust, and gaining their loyalty.

To do that, you need to focus on being authentic, consistent, and approachable. By investing time and effort into cultivating your online presence, you’ll be on the path to success in no time.

Finding Your Online Money-Making Niche

Before you can start making money online, you need to identify where you can offer value and make money. Your niche should be a balance between personal interest, market demand, and market competition.

What’s your passion and expertise?

The first step is to take an inventory of your passions and expertise. What do you enjoy doing? What skills have you honed over the years? Often, the best niches are those that align with your personal interests and professional expertise. Not only does this make the work more enjoyable, but it also ensures you can provide valuable content or services.

Market research

Conduct thorough market research to validate your niche. Look for demand by analyzing search trends, keywords, and online conversations. Check if there’s a gap in available content or services that you can fill. Also, don’t overlook the competition. A few competitors is a good sign as their presence confirms a viable market. But too many competitors could pose a significant hurdle.

Mastering Online Marketing

Mastering online marketing is the key to being found and making sales. Here are a few strategies to follow to ensure you are reaching your audience:

1. Content is Queen

Whatever your platform, high-quality, and relevant content is vital. Learn the principles of SEO to make sure your content is discoverable. Integrate keywords, create compelling titles, and craft content that is genuinely useful to your intended audience.

2. Building Your Brand

Your personal or business brand is how you’ll be recognized and differentiated from the competition. This involves everything from designing a logo and choosing a color scheme to maintaining a consistent voice and style across all your content.

3. Engaging Your Audience

Engagement is a two-way street. You must encourage your audience to interact with you and your content through likes, comments, and shares. Engage with them by responding to comments, participating in online conversations, and addressing their needs and concerns.

4. Paid Advertising

Once you’re ready to scale, consider investing in paid advertising as it accelerates how many people you can reach. There are many platforms that offer sophisticated targeting options to help you reach your ideal audience.

Monetization Method Suggestions

There are many ways that you can turn your online presence into a source of revenue for your business. Understanding them and choosing the right mix is crucial.

Affiliate marketing: Affiliate marketing involves promoting someone else’s products or services through a unique link. When someone uses your special link to make a purchase you earn a commission. It’s a low-risk, high-reward strategy that can be quite lucrative when done right.

Creating and selling your own products: If you have a product idea, the internet offers an excellent launchpad. Whether it’s an e-book, a piece of software, or a handmade craft, platforms exist to help you sell your wares.

Digital or information products: The sale of digital products like online courses, e-books, and webinars can be set up with minimal overhead and can provide significant returns, especially if they offer unique value or are in high demand.

Subscription services and memberships: By offering premium content or services with a subscription or membership fee, you can build a stable, recurring income.

Sponsored content and advertising: Once you’ve built a substantial online presence, brands may pay you to feature their products or services. You can also earn ad revenue through platforms like Google AdSense or YouTube Partner Program.

The ways in which you can make money online are truly limitless. But while the possibilities may be exciting, it’s important to stay grounded in what aligns with your values and lifestyle. Making money online should enhance your life, not make it more difficult.

The bottom line is that making money online can be an incredibly liberating and rewarding endeavor. By following the steps, you’ll lay a solid foundation for your online business. Remember, the key to success is to be patient, dedicated, and willing to evolve with the dynamic digital landscape.

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Red Lobster Speaks Out on ‘Misunderstood’ Bankruptcy Filing

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Red Lobster Speaks Out on 'Misunderstood' Bankruptcy Filing

It may be the end of an era for beloved seafood chain Red Lobster, which officially declared bankruptcy on Monday after months of speculation and dozens of abrupt restaurant closures.

Now, the company is speaking out to loyal customers — and investigating the role that its shrimp supplier may have played in its demise.

Related: Red Lobster Suddenly Shutters Dozens of Locations Without Warning Employees, Begins Auctioning Off Equipment

In a letter posted to social media, Red Lobster thanked customers for their nearly five decades of loyalty and assured the masses that the chain wasn’t going anywhere.

“Bankruptcy is a word that is often misunderstood. Filing for bankruptcy does not mean we are going out of business,” Red Lobster wrote. “In fact, it means just the opposite. It is a legal process that allows us to make changes to our business and our cost structure so that Red Lobster can continue as a stronger company going forward.”

Red Lobster noted that companies including Delta Airlines and Hertz “emerged stronger” after filing for Chapter 11 (Delta in September 2005, Hertz in May 2020) and found ways to bounce back.

“Birthdays, graduations, anniversaries, and yes, weddings. We’ve been here for them all,” the chain penned. “Red Lobster is determined to be there for these moments for generations to come.”

Red Lobster’s downfall was a slow burn, primarily blamed on an $11 million loss in November 2023 due to the chain rollout of an “Endless Shrimp” promotion. The deal offered customers all the shrimp they could eat for $20, and it proved to be a bit too popular.

Last week, it was reported that stores had begun shuttering without warning around the country, with dozens auctioning off all of their furniture and equipment online and some employees claiming they were given no notice ahead of time.

In a filing on Sunday, Red Lobster CEO Jonathan Tibus called out former CEO Paul Kenny and Red Lobster’s seafood supplier and owner, Thai Union, regarding decisions made surrounding the “Endless Shrimp” promotion and that Red Lobster is “currently investigating the circumstances” around the decision to make the promotion permanent instead of limited-time.

Related: Endless Shrimp Deal Is Too Popular, Red Lobster Loses $11M

“I understand that Thai Union exercised an outsized influence on the Company’s shrimp purchasing,” Tibus wrote. “[Red Lobster is] exploring the impact of the control Thai Union exerted, in concert with Mr. Kenny and other Thai Union-affiliated entities and individuals, and whether actions taken in light of these parties’ varying interests were appropriate and consistent with applicable duties and obligations to Red Lobster.”

Thai Union completed its purchase of Red Lobster in 2020.



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UMass Dartmouth Commencement Speaker Gives Grads $1000 Each

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UMass Dartmouth Commencement Speaker Gives Grads $1000 Each

The best commencement speeches are often motivational and thought-provoking, leaving new graduates optimistic as they head into the “real world.”

But for the Class of 2024 at the University of Massachusetts Dartmouth, new grads walked away with more than just a wealth of knowledge — they left their ceremony with an extra $1,000 in their pockets.

Related: ‘There Is More To Life Than Work’: Bill Gates Delivers Emotional Message To Graduates About Learning To Take A Break

Last week, the founder and CEO of Granite Telecommunications, Robert Hale Jr., spoke to grads at the University of Massachusetts Dartmouth about their futures and shared a story about a time when his business suffered a $1 billion loss in just one day to explain the importance of perseverance through failure.

“It’s okay to fail,” Hale told graduates. “Life will give you challenges and if you take those challenges you’ll fail from time to time — don’t worry about it … don’t fear failure, understand that it’s just part of the process, and if you use that fear of failure to motivate yourself, you’ll be better for it.”

Then, as he wrapped up, he shocked the audience by announcing he was giving each graduate graduate $1,000 — but there was a catch.

“These trying times have heightened the need for sharing, caring, and giving,” Hale told students. “Our community needs you and your generosity more than ever.”

The students were given two envelopes with $500 each — one was intended for the students to keep for themselves while the other was for them to give to someone else in need.

Related: Sheryl Sandberg’s Advice to Grads: Banish Self-Doubt, Dream Bigger and Lean In, Always

“As the degree conferral was about to begin, Hale came forward and let the graduates know he had one more bit of advice for them. He told the eager crowd that for him and his wife Karen, ‘the greatest joys we’ve had in our life have been the gift of giving,'” UMass Dartmouth said in a release. “Hale let the Class of 2024 know that the two large duffle bags being brought up on stage by security were packed with envelopes full of cash.”

There were roughly 1,200 students in UMass Dartmouth’s 2024 graduating class.

Hale’s current net worth is an estimated $5.4 billion.



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Stay Prepared on the Road with This $80 Tire Inflator

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Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Business travel is inherently risky because driving poses certain innate hazards. If you’re a business leader sending yourself, team members, or employees out on the road, the least you can do is equip them with the tools they need to operate as safely as possible and get out of a jam if they happen to run into one.

A great tool that’s designed to help fix flat tires, this HOTO Air Pump Pro Portable Air Compressor and Tire Inflator, is on sale for just $79.99 (reg. $119). Promised to be 85% faster than competitors, this four-preset air pump is made to be able to fill a tire in at most five minutes.

Running on a 12V pump motor, this fast-working pump features a powerful battery life that can charge as many as 15 under-inflated tires within a single charge. When you’re filling up, the pump also prevents you from overdoing things with its worry-free automatic stop that ceases operations when the proper inflation is met.

This fantastic tire pump can serve as a great safety tool for business travelers. It can also promote exercise and recreation when used to pump up sports balls and bike tires.

The versatility and quality of this small, compact device have added up to make it a hit amongst users and critics alike. It’s even earned a coveted nomination from MoMa Design.

Don’t forget that for a limited time only, this HOTO Air Pump Pro Portable Air Compressor and Tire Inflator is on sale for just $79.99 (reg. $119).

StackSocial prices subject to change.

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