When I tell people I make money online they tend to assume that I’m running some sort of Ponzi scheme. But I’ve never been a good enough liar to pull that off, so instead I blog. While I make pocket change, there are plenty of other people who have completely replaced their full-time jobs in favor of making six figures working online. There are countless ways to make money from home, but not all monetization tactics are created equally. In this post, I’ll walk you through some of the most common ways online entrepreneurs make money and provide you guidance on getting started with each. Spoiler alert: Creating and selling online courses is number one. I’m not going to make you sit and read through all 4 other methods before jumping into that. If you’re interested in checking out all the methods, click to jump or read the full post.
1.EARN MONEY ONLINE WITH AFFILIATE MARKETING : If there is a store or product that you love so much that you’re constantly recommending it to your friends and family, you might want to consider becoming an affiliate. People earn affiliate income by partnering with a brand or company and earning a commission of every sale that they drive. There are thousands of affiliate programs online – apparel stores, Amazon, tech companies and more. Most people pull in a few hundred dollars a month with affiliate selling, though there are some outliers who have created entire businesses from it. If you join enough programs and are strategic in implementing them, you may be able to pull in $80k in 5 years like Hash Agrawal did. When looking into affiliate programs be careful to do research on how you’re getting paid. A lot of programs pay you in gift cards or store credit – and while that’s great – internet points don’t pay the bills! How to get started : If you’re looking to become an affiliate for your favorite company there are a few ways to find out if they have an affiliate program. Your first option is to Google “*company name* affiliate”. Once you are accepted into an affiliate program figure out how you want to promote (blog posts, social media, business cards, etc) How profitable is becoming an affiliate partner: There is no clear data on the average income you can make as an affiliate. Instead (very scientifically) I went to five blogs that share income reports and averaged their affiliate income to arrive at $987 a month. 2. EARN MONEY ONLINE WITH YOUTUBE : Ah, YouTube stardom. Growing up watching iCarly on Nickelodeon and YouTubers like Fred I was sure that online video stardom would be my scapegoat from ever having to work an adult job. For every YouTuber making a full-time living through YouTube, there are thousands of YouTubers chugging away making pennies a month. Those people might rise to YouTube stardom, but the rise tends to be a slow one. How to get started:
How profitable is being a YouTuber: The average YouTuber earns just $15/month. But, let’s say you’re above average and have 100 videos each getting 5000 views a month you might earn up to $1000. 3. EARN MONEY ONLINE WITH A BLOG : With so many six figure bloggers out there, you might be surprised to see this ranking so low. But in two and a half years of blogging I’ve learned a hard lesson: Blogging doesn’t make you money. Influence makes you money. A following makes you money. Running a blog is a means to gain that influence and following, but at the end of the day, the blog itself is not what is going to make you money. Bloggers earn money online through advertising, partnerships, selling their own products and affiliate income, all of which are means listed elsewhere on this list. Monetize your blog with advertising : On most blogs you might see a snazzy ad or two in the sidebar or within the posts. These aren’t there to annoy you, rather they are raking in the dolla dolla bills for the website owner. Well, kind of. A lot of bloggers have a problem with sidebar advertisements because they really don’t generate much income. Even with 50,000 monthly page views you will be lucky to pull in $200. Monetize your blog with partnerships : Brand partnerships are one of the most popular options for bloggers who are just getting started with monetization. These partnerships are most popularly referred to as ‘sponsored posts.’ Bloggers charge anywhere from several hundred dollars up to several thousand per sponsored post. Monetize your blog by selling your own product : This is the most successful way to make money as a blogger. Many bloggers will focus on consistently putting out great content and building an audience for several months and then creating and selling their own product to that audience. While this money isn’t truly made through their blog, most bloggers consider this ‘blog income’ because their blog audience served as customers. I’ll be going more into selling your own product a little further down the post. How to get started :
4. EARN MONEY ONLINE WITH FIVERR :
If you’ve been trying to build an online empire for anytime you’ve probably heard of Fiverr. And because you’ve heard of Fiverr you may have let out an audible groan when you saw it listed here. Despite the criticism Fiverr receives, the site is a legitimate way to make money online, but it is in no way the best way. Fiverr’s entire premise is that you can sell ‘gig’s for $5 but for most people a few $5 gigs won’t pay the bills. Especially because Fiverr takes 20%, so really you’re selling it for $4 (and that’s before PayPal takes their cut). Of course, that doesn’t mean you can’t make good money on Fiverr. Because like any good rule, there are exceptions, and some people do make thousands of dollars each month on Fiverr. Your time and talents are worth more than what you can make on Fiverr. While you might be pulling in a few hundred dollars here and there on Fiverr, another platform (*cough* your own) could be making you even more. HOW TO GET STARTED :
From there you can hope for the best or start marketing on social media and community marketing websites. If you’re lucky you’ll become a featured seller which will help drive sales.
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