how to earn money online – this question is one of the most important questions for beginner entrepreneurs or bloggers.
Based on my nearly five years of experience as an online entrepreneur, I will show 10 ways to make money online – 9 established and very useful and one very “hot” and new – Google Affiliate Ads for Bloggers .
Each of these points can be successfully implemented by you - it's not black magic or something pre-selected. Of course, there is a lot of work with all of them, and nowadays your online activities need a lot of time and consistency.
So read carefully
10 Best ways how to make money online :
1. Showing ads on your site
The easiest way to monetize your blog or website is through advertising. There are many possibilities for this, in almost every possible category and topic.
There are many types of online advertising. Some of them are mixed or of different types.
Below you can find the most common types of advertising:
- PPC (Pay Per Click) advertisement
This method is very simple – you earn money when someone clicks on the ads on your site. First, of course, you must join one or more ad networks. The most popular service provider for this type of ad is Google AdSense . It's accessible to everyone, it's easy to set up and start making big money. But in some areas of business, there are fewer advertisers and their earnings can be very small. In that case, you can choose, adsense alternatives.
- CPM, CPT (cost per mile, cost per thousand) ad
This type of ad is paid per impression. This means that the ad is paid per thousand impressions. Simply put – when the CPM for ads on your site is 2 $ and that ad is displayed on your site 50,000 times, you will earn $ 100 (because 2 $ * 50 = 100 $)
- Banner ads (graphics), text links (or intext), video ads
Some ad networks specialize in one type of medium. For example, Google Adsense is a contextual network, with almost all types of ads (at the moment, no intext ads).
- Selling advertising space directly to advertisers
When your website or blog has high traffic, is in a specific niche, or has great content, you can try selling your own ad space. Of course, looking for someone who wants to advertise directly on your site is not a quick and easy task. It's more immersive and time-consuming. But on the other hand, it is more profitable than joining ad networks.
2. Participate in Affiliate Marketing
This way of earning money is accounted for in the CPA (Cost per Action) model. And the action, in most cases, is defined as a sale.
This means that you will earn money when someone buys a product or requests a service through your referral or referral link.
Commissions can be very varied, but the most common is a percentage of the sale price. Default is 5 to 10%, but for some products, commission is up to 20 to 80%
The most profitable online niches are:
- financial products (mortgages, loans, bank accounts, bank deposits, Forex accounts)
- Products related to making money online . It's a very broad niche. We can find hosting providers here (for example hostgator or Bluehost), keyword research tools, plugins and tools related to this topic
- Health and beauty products and services (tutorials, diets, exercises, pills, etc.)
- Products and services in the tourism sector (hotel and flight reservations, travel, car rental services)
- Branch XXX
Below you can find 4 services, with many affiliate programs for you:
3. Sell your own product online
Instead of marketing someone else's products, services, or websites, you can make money by selling your own product. In most cases, it's more profitable for you than running ads or even selling someone else's products. But of course there is also the other side of the coin – you should spend time not only promoting, but also preparing, updating and supporting your product or service.
If you have no idea what your product could be, below you can find some of the most popular DIY product ideas:
- Books and e-books
2. Photos, graphics and videos (you can sell them, for example, on Fotolia or Istockphoto )
3. Tutorials and guides on specific topics
4. Applications for PCs, iPhones, tablets, etc.
5. Tools, plugins and themes for WordPress
4. Mini sites (also called niche sites)
For some bloggers, this is the most important stream of their income. They create dozens or hundreds of mini sites, advertise them and are making a lot of money from them. Earnings from a single site are very small – it can be, for example, a dollar a day. But if you have, for example, 200 minisites, you earn about $ 200 per day. Monthly there are 6 000 $ – not to be overlooked!
And some niche sites can grow huge and earn hundreds of dollars all by themselves.
5. Doing paid reviews of other products or websites
If you are a good writer and like to prepare product reviews or other things, you can try to make money!
In most cases, the amount of money you will receive in exchange for your review depends on 4 factors:
- areas of interest of your blog
– revised product or service
– traffic to your blog (the more the better)
– your ability to write interesting and reliable reviews
6. Become an Online Consultant
If you have an established opinion as an expert in your field, you can remain an online consultant. Of course, you must have a very good reputation in your field and have some teaching skills. You will get paid for consulting, which means people will pay for your extraordinary knowledge and creative ideas. Most of the time, online consultants are paid by the hour (between US $ 10 and US $ 100), but most recognized experts charge up to US $ 1,000 per hour!
I do not recommend this method if you are a beginner blogger, expert or entrepreneur. But if you want to try it out, you should start building your credibility and reputation ASAP!
7. Preparing the Paid Membership Site
It's a very similar way of making money online to being an online consultant – it's based on your reputation and knowledge (or someone else who has pre-paid excellent material for your site).
But unlike being an online consultant, you share your knowledge and experience with more than one man at the same time. What's more, you produce almost all of the material for your members before starting this type of site.
Of course, there are many other differences – the most important of which is the price! Membership site access fees are almost always lower than online consultant hiring fees. And for that reason, member sites must have a lot more customers than online consultants.
8. Selling websites or domains
Some online entrepreneurs make a lot of money just by buying and selling websites or domains. They're looking for expired domains or underrated websites, they're shopping, they're looking for someone who needs them, and they're selling at a profit. The most popular marketplace to do this for existing websites is flippa . For expired domains, you can visit, for example, GoDaddy.com or domains.com
9. Monetizing your email list
If you have thousands (or well-targeted hundreds) of subscribers on your email list, you can try to monetize it. Many companies, small businesses and even bloggers live off their email lists.
How can you make money from it? You can, for example:
- send sponsored email or newsletter
- send paid reviews of some products or websites to your subscribers
- prepare your own article with affiliate links and send it to your readers
- send information about your hot new product
There are many other ways to monetize your email list, but there is also one, and only one thing, you should never send to your subscribers – SPAM!
10. Google Affiliate Ads for Bloggers
A few days ago, a new way to earn money for bloggers appeared – they are adverts of Google Affiliate for Bloggers . At the moment, this possibility is only for US bloggers, who are blogging on blogger.com
To start earning money with this program, you just need an active AdSense and an active blog on Blogger. If your blog category is suitable for advertisers, a new “Advertiser Products” widget will appear in your Earnings tab where you can choose the appropriate affiliate ad.
There is just one more thing, which you should know before putting some points from the live list – There is not no passive income and earning money without much work is, in most cases, impossible. Therefore, don't be lazy and go blogging!
And what are your favorite ways to make money online? Please share them with us!