These are some 10 Proven Best Ways to Make
Money Online Expert Never Told You for beginners who want to start up online and want to make money that will last not just quick money
For the last two years
I have been earning my money entirely online. Yes, making money online has a
bit of a scam sound to it but for many people it is a reality, and I am not
exaggerating when I say there are regular people earning 5+ figure a month
salaries completely through their online endeavors.
However, for every one
of those there are probably hundreds of people who are not earning a dime
online despite trying to. And yet there is something very sweet about earning
that first dime online.
It’s motivation to
pursue it further. I remember the first few dollars Vicky and I earned through
her food blog by putting up a few AdSense ads. It wasn’t much, but it was the
start of us earning a few hundred dollars, then a few thousand, and now over
ten thousand dollars every month. In this post we are going to explore the many
ways that people are earning money online.
I have scoured the web
looking for the best posts about making money online as well as doing my own
research to find individual websites/companies, so that I could compile what is
no doubt the most comprehensive list to date of ways to make money online.
It took me nearly a
year before I was earning a few thousand dollars a month online, and I actually
consider that rather quick. Before diving into anything I highly recommend that
you do a quick search along the lines of “review of company X” to see the results
of people who have tried these strategies in depth.
Also check the sources
at the end as they may provide more in depth reports on specific websites.
Don’t confuse an attractive website with legitimacy.
WRITING
In this section we
highlight ways you can make money from writing. In my experience, if there is
one skill that trumps all others in effectively earning money online it is the
ability to write. No other skill has the versatility that writing has. Good
writers are sorely underrepresented. If you can write, you can earn money
online (with or without a blog) – guaranteed.
Blogging
The act of blogging in
and of itself is often free, but that doesn’t mean that blogging can’t serve as
a useful platform from which you can earn money online. Many people are earning
over 5 figures a month “just blogging”, by combining it with things like
affiliate sales, ad networks, and paid reviews.
From personal
experience I think it is best to start a blog with a purpose/passion – aside
from making money. This will help you to be successful in the long run, as it
is normal to spend many months blogging without earning anything. Here are some
of the best blogging sites you can use to get started.
Blog/Website
Monetization
If you have a blog or
a website with content and a following, I’m going to discuss a few ways you can
monetize it through advertising and information products. Concerning the
latter, you certainly don’t need a blog to pull it off.
Anyone can sell an
ebook, for example. But it is just so typical for bloggers to do these things,
because they tend to be more successful when you have an audience that I
decided to include them in this section.
Still, if you don’t
have a blog, you just need to think of another way to reach your target
audience (like a forum, or a simple landing page).
Contextual
Links and Sponsored Posts
If you have a blog
there are many ways you can monetize the writing portion of it, such as
reviews, sponsored posts, and more. This is actually how I started earning
serious money online.
Often, companies will
pay you to link to them on your blog because they want the increased exposure
as well as the “link juice” that they get from an inbound link to their
website. Be careful with this one because in some instances it can violate
Google’s TOS, which, in the most extreme circumstances, can result in your
website being removed from the search engines.
Podcasting
Podcasting is all the
rage lately and it is becoming the new, preferred form over content to connect
with your audience. In addition, it can also be a lucrative form of income if
you draw in enough of an audience.
Online
Courses
I ran my first online
course last year and made over $2500 doing so. I also made a bunch of contacts
from talented individuals who took the class.
Again it requires a
lot of upfront work but the ongoing work can be significantly less by
comparison. There are many platforms that are built for you to specifically
offer courses. Or you can simply create your own on your website through a
series of emails.
Membership
Site
Although this has been
around forever I’ve particularly started noticing it quite recently and I LOVE
IT. At least as a business model.
The idea is basically
to create a community of like-minded individuals and give them access to each
other as well as instruction to help them achieve their mutual goals.
The math on these is
quite astounding, as you generally see people charge between $20-$100/month.
That means for each sign up they are getting a monthly recurring income of
$20-$100. So, if you can get a few hundred sign ups leveraging your audience,
well, do the math.
PPC
(Pay per Click) Marketing
Most people have heard
of AdSense, which is Google’s advertising network. In reality, this is only one
of over a hundred different ad networks.
These ads work off a
variety of models whereby your pay is relative to the exposure the ad gets.
What is actually required (a view, a click, a sign up) varies.
Ads come in a variety
of forms, such as banners (of all different sizes), links, videos, and more.
Pay per click marketing means that you get paid every time the ad gets clicked.
It is one of the most
common forms of ad networks because, unlike a view, the advertiser has greater
confidence that the user has purposefully interacted with the ad in some way.
Freelance
Writing
Say you don’t have a
blog, and don’t want to join in an ad revenue sharing agreement, you can get
paid a flat rate to write articles. Personally I have hired nearly a dozen
writers to write articles for me and paid thousands of dollars to freelance
writers.
There is definitely a
huge demand for it although there is a lot of competition. I will not go into
details on how best to become a freelance writer, as there are more experienced
people to tell you that, however I do believe at least one aspect of it is
building up a reputation.
Selling
If you have a product,
there is probably a platform through which you can sell it. If you don’t have a
product, there are many products that other people have that you can sell for a
commission (known as affiliate marketing). Either way, don’t discount your
assets as a viable means to make a sale.
Affiliate
Marketing
While the concept of
selling a product that is not yours might seem strange at first it is actually
quite common. Many companies will allow this because it allows them to reach an
audience that they otherwise would not.
It is like hiring a bunch
of sales representatives on commission. Here are some affiliate marketing
programs that combine lots of different affiliate offers.
Selling
Your Own Products
It should come as no
surprise that if you own a product, you can sell it. What might be a surprise
is just how many things you can sell.
For example, a few
years back my mother started making seaglass jewelry. She started trying to
sell her pieces on EBay and Etsy and was experiencing success.
A few years later and
she is consistently making over a grand a month on average. It is definitely
possible to transition a hobby into a business, you just have to find the right
marketplace.
Stock
Photography
Like videos and music
this is a highly competitive market but if you are skilled there are a number
of venues on which you can sell your photography.
Fully,
Established Websites
If you own a website
that is up and running, you can sell it on one of these market places. Really,
a website is just like online real estate. You own a plot of land in the World
Wide Web. What you do with it can increase or decrease its asset value. The
more money it makes, the more valuable it is. I have seen websites sell for 6
figures many times. The beautiful part of it is that people generally pay
between 10 and 20 times the monthly profit, so if you have a website that is
bringing in a bit of cash you can potentially sell it for a pretty penny.
Apps
Apps are all the rage.
If you have any sort of programming ability coding up an app and selling it can
be a source of income.
If you don’t have
coding experience, it does not mean that you cannot hire a developer and work
with him or her to create your app. Apps often sell for very cheap, only a few
dollars, but they appeal to a wide audience of millions of smart phone users
SOCIAL
MEDIA
Social media is becoming
more and more attractive to advertisers. If you have a large social following
then there are people who are willing to pay you for a moment of your audience’s
time, and it’s not JUST Facebook anymore.
Stock
Trading
If you want to throw
your hat into the ring and try day trading, there are many brokers out there I will
explain this in details in my other post please keep in touch with this blog
site for this top on trading
CROWDFUNDING
Raising money might
not be the same as making money, but in a sense money is coming your way to fund
an idea and in that sense it should be included.
Just about any idea
you have can function as a crowd funding option if you find the right site.
NB: This post was possible
thanks to the collaborative effort of other bloggers who wrote similar posts
before me.
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