For many, making money online is an absolute dream come true. If you can find a way to earn money online websites and other online ventures, you can quit your job, focus on entrepreneurship, spend more time with your family, and eventually regain control of your time and life I can do it.
The crazy thing is that making money online is not just a dream. I have been on my website Good Financial Cents for almost 10 years. We also know thousands of other people who make money online on their own with websites, courses, or unique marketing strategies.
Well, here’s good news. Most online revenue strategies are not that complicated. Like other startups, online revenue growth takes time. You have to be willing to spend the time and energy needed to realize your ideas. Also, if your first departure journey is slow, you need to stick to it.
If you’re thinking about making money online but don’t know where to start, here are some of the best and most realistic strategies to consider.
1: Google Adsense
If you have visited a website before, you will see Google ads. These ads are everywhere and for good reason. In addition to being easy to set up with a basic website, revenue can increase as the website begins to deliver consistent traffic.
One of the great things about Google AdSense is that it’s very easy to set up. If you have a blog or website, you can sign up for a free Google AdSense Account. From there, Google provides a unique code to paste into your website. Google gets the data from it and tracks page views, traffic, and revenue on behalf of the user. There is no upkeep or maintenance to make this happen. If you already have a website, it’s easy.
How much do you make? I think the best month on Google AdSense has been almost $ 5,000 over the last decade. That amazing month surprised me as it was really near the beginning of my blog trip. Going from zero to $ 5,000 a month will shake your world. I was even more excited because I knew there were other ways to monetize.
2: affiliate marketing
Whether you have a website or are still dreaming of blogging ideas, you can also lookup affiliate marketing. Affiliate marketing involves partnering with brands and companies within the content of your website. When referring to a product or service, link to that produce or service using the unique affiliate code you received when you signed up for that particular affiliate program. From there, you will make money every time someone purchases a product or service via your link.
Generally, you will want to partner with an affiliate related to the blog concept. As a financial advisor, I focus on many affiliates’ energy on financial products, such as savings accounts, credit cards, and investment accounts.
In addition to signing up for individual affiliate programs, you can also sign up for an affiliate advertising network that offers many different affiliates in one place. That way, you can see what works over time and what doesn’t.
If you are looking for inspiration, my friend Michel Schroeder Gardner of Website Making Sense of Sense has become an expert in all things affiliate marketing. Michelle earns over $ 100,000 per month from blogs, and most of her revenue comes from affiliate sales. Michelle is so successful in affiliate marketing that he even has his own course, Making Sense of Affiliate Marketing.
Michelle works with many affiliates in the financial services industry, but one of her largest affiliates is a blog hosting company called Bluehost. This means that if you know your audience and get enough traffic to generate sales, you can make money with almost any affiliate company or product.
Another way to earn money online is through consulting. If you are an expert in any field, you may find someone who will pay you to counsel about their personal or business goals. You may not think it is as important as consulting a large company, but you may be surprised at the type of expertise people pay.
The College Investor colleague Robert Farrington is a good example of someone who consulted online in an unlikely industry. Robert told me that after he had been blogging for several years, several brands contacted him and sought help with social media and online marketing.
Robert said that for some time these gigs were performed an average of four to six times a year, depending on the work associated with his schedule. The best part is that he charged a flat fee, which usually amounts to about $ 100 per hour. And don’t forget that this was a reward I got to advise people on the best ways to grow my brand using social media tools like Facebook and Pinterest.
If you want to start consulting but don’t know what to do next, you can set up a free account at Clarity.fm. This website allows anyone who wants to offer consulting to set up a free profile. Once your profile is set up, others will find you and book a rewarding session.
4: Online course
If you have the skills to teach others, you can also set up online courses that can be marketed online. Find online courses that teach everything from cooking to marketing to freelance writing. Heck, I also offer my own course to financial advisors who want to bring their business online, online advisor Growth Formula.
Last year, I created a profile for my easy course creator, Joseph Michael. Michael offers several different courses, including a writing software course called “Scrivener”. Michael has earned over six digits of annual sales courses over the years, and people can achieve the success he has earned.
Most people set up online courses through platforms like Teachable.com. With Teachable, you can upload course materials, use the platform to manage customers, and accept payments.
Another way to earn money online is to host an online podcast. I have a Good Financial Cents podcast for my blog. We are constantly finding new sponsors and advertisers using that platform.
I got the first sponsor of a podcast and learned for 90 days that I was willing to pay $ 8,000 to include a short clip at the beginning of each podcast. It was very exciting to me at the time, because at first, I wasn’t sure if I could monetize a podcast so much.
But many more people are making podcasts than me. Watch the Fire Podcast Entrepreneur hosted by John Lee Dumas. According to the show’s latest revenue report, the podcast generated a net profit of over $ 400,000 in March 2018. Now it’s funny.
The key to successful podcasting is finding your niche, growing your audience, and then finding ways to monetize and connect with sponsors. This is not the easiest way to earn money online, as there are many logistics involved in creating, recording and editing podcasts, but it is still worth considering.
6: Book sales
Once the publishing industry was thriving, you can now complete the entire process of writing, publishing, and marketing online. Websites such as Create Space allow you to upload and print books without involving an official publisher. You can also get the book on Amazon.com and buy it there.
A blogger I know named Joseph Hogue has a successful blog (My Work at Home Money) and a thriving book publishing business. Hogue has written several books published online to create a continuous source of passive income. He says he sells about 685 books a month on average and earns on average $ 1,857. Not bad, right?
If you think you can write the book you want to buy, this is a wise strategy to consider because it has minimal startup costs and probably already has a computer and word processing software anyway.
7: Lead Sales
Another way to earn money online
is to collect leads. The key steps that need to be completed to successfully sell a prospect include setting up a website, generating traffic to that website, and verifying the collection of leads that someone actually pays.
Here’s a good example of how lead sales work in real life. My second Web site, Jeff’s Life Insurance, brings a lot of traffic from those who search the Web and find answers to life insurance questions. I was setting up a website to sell these people’s life insurance myself, but handling all the different requests and clients was a daunting task. As a result, I started selling the leads I collected instead.
Basically, lead buyers are willing to pay for personal information collected from people who visit my website. This is an advantage for everyone because I get paid for my leads and my website visitors are connected to someone who can help them.
However, you can sell leads in a variety of industries, not just life insurance. Really, you just need to find niches, build websites and traffic, and see how much you can get for the leads you collect.
8: Freelance writing
If you have writing skills and creative talents, you can also get paid to create online content. I haven’t done this as much as before, but I know very well how viable this income stream is.
One blogger I know, Holly Johnson, earns over $ 200,000 a year to actually create content for other websites. And in fact, it ranks above the six numbers she earned on her blog, Club Thrifty.
Holly said he started writing content in 2011. At the time, she was still working full-time, but created online part-time content to supplement her income. Over time, she could double and triple her rate until she could quit her full-time job to write. Most recently, she has created a bank as a freelance writer and teaches others the same in the online course to Earn More Writing.
The key to becoming a freelance writer, according to Johnson, is finding niches, networking with people who might hire you, and always providing high-quality content. There is a lot to write a job board to help you get started, she says, but finding a starter writing job on a website like Upwork.com is fairly easy.
9: Sponsored Post
If you follow a website or large social media, you can also make money by pursuing sponsored posts and ads. But how does this work? Basically, companies pay bloggers and social media influencers to promote their products and services. If you have a platform, whether you’re a blog or an Instagram follower, you can make money.
The first time I got a sponsored post from Good Financial Cents, I was moved. I think I was paid only $ 100, but that was a lot of money for me at the time. However, later I realized that a company that wanted sponsored posts wanted only a link from their website to their site. That’s why we started raising rates.
Recently, we’ve charged about $ 4,500 for sponsored posts. In addition, we clearly mark all sponsored content as #ad to adhere to our Terms of Service. We only promote companies that we use or believe in.
But I know bloggers who earn $ 20,000 for sponsored posts. That’s pretty weird but it just shows what is possible.
However, if you have a lot of social media followers, you can get paid, so you don’t need a website to run sponsored content. My wife has a fairly large Instagram follow and she has won all kinds of sponsors. She not only gets paid in cash but also gets a lot of free ones. Received free rugs, free lights, and free carpet cleaner. This strategy works very well for her because she only advertises what she loves.
Need more ideas on how to earn money online
? Another strategy is to use a webinar to market a product, service, or course. Conducted a webinar to promote financial planning practices and to interest online courses for financial advisors. Webinars basically provide many tips and advice for free. Usually provided in a live format. Finally, sell a paid product or service to secure some transactions.
Professional speaker Grant Baldwin uses webinars to market public speaking courses such as Get Booked and Paid to Speak. Baldwin provides many free tips during the webinar, but he finally offers his course. And often his sales pitch works.
Whatever you sell, setting up a webinar to attract and sign up with lead magnets and Facebook ads isn’t too difficult. Well, you can probably find a free webinar on how to create your first webinar if you are looking hard enough.
YouTube is another platform that has allowed people to earn money online
. If you can think of it, there are plenty of YouTube channels out there for any topic, and most people with big followers make some money in exchange for their videos and time.
Marines became men’s fashion experts, and Antonio Centeno built a $ 1 million business from the YouTube channel Real Men Real Style.
Last year, Forbes introduced the biggest players in the YouTube scene. According to the survey, YouTube’s top 10 top stars raised $ 127 million between June 2016 and June 2017.
Can you earn that much? Maybe no. However, you can earn money via YouTube by using the platform’s own ad network or by getting sponsored posts. If you like playing videos, starting a YouTube channel is a fun way to make some cash on the side.
12: Build an online community
Last but not least, you can build an online community and earn money online, but the monetization strategies you can pursue vary greatly depending on your goals. For example, you can build a community with a blog. You can also build an online forum and charge for membership. You can also build a Facebook group where you can use your influence to sell and promote your products.
Best friends Shane and Joselin Samus have become experts in building online communities. They now have one for their website-inverted lifestyle. This community shows people how to create online businesses and connects entrepreneurs who are pursuing similar dreams.
Before that group, they had an online community for teachers looking for lesson plans. It probably sounds pretty random, but the type of community you can build and bring people together is weird. If you are passionate about yourself and want to connect with others with the same passion, you should consider an online community.
There are tremendous numbers of ways to earn money online, and these are just the tip of the iceberg. With time, almost everything is passionate, and at least with some creative skills, you might be able to build an online revenue stream given enough time.
But don’t just believe my word. When viewed online, you will find thousands of success stories that can be used for inspiration.
One day, I was even able to create my own success story. But you won’t know until you try it.