If you’re looking to make extra money on the side, or even create a full-time income, look no further than the internet. There are many ways to make money online, but this article will cover the three most prominent.
It might seem easy to work from home or to work online, but it really isn’t. You can work, but there’s no guarantee you’ll make the money you want to. This gets even worse as people expect to make money fast. It doesn’t have to be fast if it’s online.
Many people try to make money online. There’s a trend of “solopreneurs” going around right now. A solopreneur is basically an entrepreneur that runs his or her business alone, without any partners or employees.
#1: Start a blog
Blogs are an easy way for people to get access to information. In it’s simplest form, it’s an informational website that frequently posts mostly text-based posts.
To make money online with the help of a blog, the first thing you need is a lot of readers. Even if you just want to make a livable wage from home, you’d still need a hefty amount of visitors.
Ways to make money online
There are multiple ways to make money online with a blog. You should use as many as you can, as making money from one source alone might be hard.
Implementing ads on your website in order to make money is the basic rule of blogging. There are multiple ad sources you can implement, but the most used one is Google Ads.
It’s not hard to implement Google Ads. Google will give you a code snippet that you add to your website. This is easy to do with any platform, even if your website is pure HTML/JSS/CSS.
The standardized measurement for this is RPM(Revenue Per Thousand Impressions). If you’re using Google AdSense, the lower end would be $2-$5, while on the high end, revenue can go up to $50+ per thousand impressions.
Other ways to make money
The other ways to make money online with a blog are by using affiliates and selling products. These can be utilized with or without a blog, but are best combined with a blog. More about these below.
#2: Affiliate Marketing
Affiliate marketing is all about selling someone else’s products. By doing that, you earn a commission percentage. The size of the commission depends on the seller, what they’re giving away.
This is a great way to make money online because there are some sellers that offer very high commissions and even recurring commissions. This can earn you some good passive income.
Affiliate marketing is usually combined with blogging. You still need to create a strategy for this. Essentially all you have to do is insert the affiliate link into your website and make people click it.
The most common way to implement affiliate marketing is to start a blog. You don’t have to do it that way, but that is the most common and as far as I know, most profitable way.
Another way to implement affiliate marketing is to create an online store. The difference here would be that instead of selling on your own store, you’d redirect the user to the seller’s store and sell there. This isn’t a very common way of doing it, so profitability might suffer.
#3: Online sales
If you’re good at marketing, this will make you the largest amount of money.
If you’ve got a service your offering, you can start a blog to attract attention to your website and sell more of that product. Either by implementing links to the product in the text or on the side as widgets, you can redirect some of that attention to your services or products.
Another way to sell online is to start an online store. This can be products that you create(ex. artwork), or products you source from a retailer. Dropshipping was a powerful trend around 2015, but it’s died down now. It’s not an easy way to make money online, but it does work if you put in time and effort.
You can sell literally anything, proven by the fact that this page still exists. They’re selling a pet rock for $20 and they’ve sold a lot of them. There even was a pet rock craze back in 1975, the inventor sold a few million pet rocks at a few dollars each.
From everything that you read up until now, it seems like a blog is the most efficient way to make money online. And you’re right. A blog can implement a lot of income sources, such as Ads, Affiliates, Service/Product sales and more.
If you don’t want to start a blog, you can start an online store, which will require exquisite marketing skills to get off the ground.
Affiliate marketing is another thing you can do in the style of an online store. Opposite of dropshipping, the profit margin is already set for you and depending on who you affiliate with, it might not be enough alone.
The good thing is that you can combine all these three into a blog, and that will create a good money-making machine. It’s not that hard to make money online, it just requires time and effort.