There are many successful people such as Pat Flynn from Smart Passive Income and John Chow and their websites just show the rewards and recognition you can get if you put in hard work and dedication into your website. The different methods you can make money are listed below:
Affiliate Marketing
Affiliate marketing is basically when you advertise a companies product on your website and if a user clicks and purchases the product, you receive commission. Its a very great way of making money and it can be quite lucrative if done properly. A good way of using affiliate marketing is to write product reviews and offer an affiliate link for your users to purchase the product.
Here are a list of companies that offer affiliate marketing programs:
PPC Advertising Networks
Pay per Click advertising is when third party companies advertise on your site. You have to paste a tiny HTML code onto your website and you will start earning money from advertising. This is by far one of the most popular methods to make money online. Google Adsense is one of most popular PPC advertising networks but there are many other advertising networks you could use to monetize your website.Here are some of the companies that offer PPC advertising programs:
Write Books
You do not need a publisher anymore to publish your own book. Anyone can write and self publish their own book Find a good topic to write about and research it well and compile a great book. A good technique is to outsource the work to someone else and still profit. Some good websites to outsources your work are: www.elance.com and www.odesk.com. It is a great way to make money online because once you submit and upload your book if successful you can make tons of money. You can also sell both e-books and physical books from your website thus generating more sales.
Once you have created your ebook there are many different websites you can upload your ebook to. Some companies you can sell your book to are:
Don't know where to start? Check out these links on how to write, sell and market your ebook:
- 7 Tips on how to sell books on Kindle
- How to sell one million books on Kindle
- How you can make a million writing your own ebook
Micro-Job Websites and Freelancing Projects
This isn't really a way of making money on your website/blog but it is a great way to create an extra second income or an actual full time job. Many people quit their day job and pursue their jobs on these freelancing websites. Success stories range from a 16 year old making over $60,000 in a 6 month period and the countless amount of people who have made over $100,000 from one website. You earn money from doing tasks such as writing, translating, programing, there is a range of categories that you can earn money from.
As well as earning money from it you can use it to improve your business/website and increase your productivity. You can outsource many of your work that you do not have the knowledge or do not have the time to do. Outsourcing is when you give a task to an external company or individual to do. For example: You can outsource someone to write articles for you. Some popular websites for freelancing and outsourcing are:
Start your own Clothing brand
Did you think the rich and famous could create their own clothing brand? Think again. Thanks to technology you can create your own t-shirts, caps, mugs, trousers with whatever custom message you want on them. You can then sell the products as your own and the company will only take out a small commission out of each sale. The good thing about it is that there is no up front cost neither do you have to store any products. The company will do it all for you. Some websites that offer this service are:
Twitter is an enormously popular social network site. Its were users can post their own messages of up to 140 characters for the world to see. Users can also follow you if they like the different kind of tweets that you post. If you have a popular Twitter account with a good following, companies will pay you to tweet a message for them. They pay you on a pay per tweet basis and the more followers your Twitter account has the better.
Some celebrities and famous people use this method really successfully and benefit from it. Celebrities such as Kim Kardashian (woman famous for leaked porn tape) reportedly earns $10,000 per tweet. Obviously one of the reasons is because she has millions of followers, but if you have a good amount of followers, you should try this method out. Some of the popular Pay-Per-Tweet programs are:
Banner Advertising
Instead of using Google AdSense or some other PPC advertising network, you can sell your own advertising space. This way it allows you to cut out the middleman and stop giving unnecessary commission while you can also decide your own rates.
However you will need a big audience and a lot of page views for people to be interested in advertising your website and your rates would have to be competitive. Here are some links to help you out with finding advertisers for your website:
- Find advertisers for your website/blog
- 4 Easy ways to find advertisers for your site
- How to find advertisers for your website
Paid Reviews
Sponsored reviews are pretty much self explanatory. The company pays you for putting reviews on any company, product or service. So you have to write while they are paying you. Simples.
There are many different companies out there that offer sponsored reviews and while it is a very profitable method to make money, many site owners do not like using this method as they would be writing a biased review and it would affect the reputation of the site. However the sites that use sponsored reviews to their advantage are benefiting by tenfold. If your site has a big following you could offer paid reviews directly. Some websites that offer Sponsored reviews and blogging opportunities are:
Article Writing
Are you good at writing? Do you have a passion for writing? If you do then article writing may be for you. There are many different article writing websites out there and some of them actually pay well. Article writing isn't the most profitable option but you can still make money from it. Although article writing is one of the best and easiest ways to make money online. Some people do make a lot of money from articles. It is a good way to test the shores of making money online and the good thing is it doesn't cost anything to start. Zero Startup!
Here are some websites that offer Article writing:
Widgets
Widgets are the new and latest trend in making money online with your website. Widgets normally work on a Pay Per Click pay-out system. There are many successful websites out there that offer this service. The most popular website that offer paying widgets are :
Make your content Premium
This is a genius idea! Your website or blog would have to have a good following and be popular for you to charge for premium content. A good strategy would be to have free content and then the content you would charge for. If you do it with success then the sky is the limit. Some websites can charge up to $100 a month for their content. If you just get 1000 people signed up you will be making a whooping $100,000 a month. That's recurring payment. Its amazing isn't it?
Examples of websites that have used this successfully are:
Want to launch your own subscription based website. You might want to check these articles out then:
- How do I launch a subscription based website?
- How to create a membership based website
- Make your own membership website
Sell Physical Products and Books
Turn your site into a full e-commerce website and reap the rewards from it. Sell physical products from your website, source cheap wholesale products and sell on for profit. A great idea. Success stories include ASOS and Play.
Want to start your own fully running e-commerce store? You will want to click on these link:
Finding and sourcing your own products to sell can be a big hassle and sometimes very time consuming, Click on these links below and find out more:
As well as selling e-books, you can sell your own physical hardcover books. You do not need to be a world class author now to write your own book now. There are many companies who take care of designing the front cover, publishing the whole book and providing you with a full professional book. If you have a good fan base on your website, you can market the book on your website and make good money. People who have done this successfully include Pat Flynn and Seth Godin.
Want help in publishing your own book? Check these links out:
Email List and Newsletters
Email lists and newsletters are one of the most popular tools an internet marketer can use. A lot of people use email lists and newsletters to their advantage by advertising their own products to their customers, use affiliate marketing effectively and sharing free content with users. An email list is a great way to retain customers.
If you have a website with a large enough audience then you can profit of this technique. Visit these website for more info:
Books to Read
You can learn a lot from books. Books are very helpful and help you come up with many different ideas and theories. These are some of the best books and the books that we recommend to read:
- The Four Hour Workweek
- The $100 Startup
- Be a Free Range Human
- How I made my first Million on the Internet and how you can too!
There are many ideas in this article, and many of these ideas can make you a lot of money if implemented right.
If you found this article helpful then please share it on Facebook, tweet it on Twitter, tell your grandma, however you can promote it. If you have any of your own ideas the please share it with us in the comment section. Have you had any success from any of these ideas? Then please share your experiences.
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