You can make money online a variety of different ways, but you’ve probably learned that blogging can be very lucrative. After learning how to start a blog,
it’s a lot of fun to express your ideas to the world. Many people get a
lot of fulfillment from it. But if it doesn’t make any money, you’re
still stuck in a day job! We assume you want to make money online, so
today we’re talking about 5 easy ways that you can make money online
with your blog and build your financial Independence!
Pay Per Click (PPC)
Pay Per Click (CPC) is what an advertiser pay to search engines and
Internet publishers for a single click on their advertisement, which
directs one visitor to the advertiser’s website.
Google’s Adsense program is the biggest player here. It’s pretty
simple to get running as a publisher/blogger. You sign up for an
account, use their tool to build an ad code, and then paste it onto your
site. People click on those ads and Google pays you x amount per click.
Hence the name “pay per click.” This is a great way to make passive income.
Basically they bring together advertisers and website owners and in
return you split the profit with them. Google pays 68% of the money that
they typically receive. They’re basically charging a third in
commission, but two-thirds of something is a whole lot more than 100% of
nothing.
The ads are contextual which means that they are selected based on
your website’s content. They come in both text & graphic banners,
and have various ad sizes.
Microsoft & Yahoo use to have their own Publisher programs, but
have since exited that market. Yahoo recommended Chitika as replacement
to its former publishers. Here’s a list of top 10 alternatives to
AdSense.
Basically this type of cost per click blog advertising is great until you get big enough to attract direct advertisers – and that should be your goal!
Banner and Text Ads
Banner ads could be super lucrative and really help you make money
online, but not always the easiest to get the off the ground. They range
from simple logo to various ad unit sizes. It is what it says it is.
Say you know Al of Al’s Health Foods and he wants to pay you ‘x’ amount
of dollars a month to put his logo somewhere on your site. That my
friends, is a banner ad…
It might seem like easy money, but there is a barrier of entry. As we said repeatedly, build your audience
first, then the advertisers. There are also tons of ad networks out
there, but most of them require that you have at least
100,000pageviews per month. Furthermore most of them pay pretty low ad
rates, depending on your niche.
A text ad is similar to a banner ad but you are putting text (similar
to a Google Ad) on your website. This is not the same as paid links
which we highly discourage!
The difference can get blurry, but essentially if someone approaches
to buy a link placement, you should be careful. Yes it’s easy money, but
if search engines like Google ever catch on, then your website could be
harshly penalized in lowered ranking. Many webmaster found their website traffic slowed to a trickle as the result.
Paid Product Reviews
Basically, when people are going to buy something, they go online
first to see what people are saying about it. Companies know this and
now often pay bloggers to review their products. Nothing wrong with it –
just be sure to disclose that you are being paid to review it, or have a
general disclaimer in your terms of use.
In late 2009, the FTC began to legally require bloggers and online
publishers to have such disclaimer on their websites. However, bloggers
get make money online, so we have to play by the rules!
Amazon Affiliate Program
Amazon is the original granddaddy of affiliate programs.
It’s where if someone goes to your web page and sees a little widget
that says “Bob recommends this book on puppies” and that person clicks
on that link and buys the book, you get some money.
Of course these days Amazon carries a lot more than books. You can
find almost any retail item on their site. It’s a great way to earn
money when you start. It’s easy because you can find items similar to
your niche.
The downside of the convenience is that the payout is relatively poor
with many items paying as low as 4%. So you might want to pay
attention to specific affiliate programs as you begin to grow.
Sell Stuff (Yours or Other People’s Stuff)
This is our personal favorite way to make money online! For example
if you’ve got a dating blog, and you have a rabid, dedicated following,
and you’ve got tons of great posts that people love to read, why not
collect your posts and make them for sale in a book/e-book format?
Plenty of sites like Chuck Norris Facts or Texts from last night make
a ton of money off of this. Or you can even build premium content
available only to paying members. Viola, now you have recurring income!
The numbers can add up dramatically if you offer substantial value
and keep your members satisfied. This can lead to other sales
opportunities such as coaching sessions, workshops, and other products.
You can even hire ghostwriters to create the product. That way you
just sat back. Let them do the hard work, pay a fixed amount, and then
collect a potentially lucrative payoff down the road.
Or if you don’t want to mess with your own product – because there are things to manage like sales pages, additional web hosting, customer service, & creating the product, then sell other people’s stuff. (affiliate programs)
The key is to partner with some of the really successful people in
your niche to sell their products on your site for a commission.
Hopefully they have a turnkey system setup that result in a high
probability of sales. You don’t want to be a guinea pig to help someone
unproven to work out the bugs in their sales process.
Many eBook authors will give you as high as 75% – 100% commission for
each sale. (They make their money with repeat sales and memberships).
So take advantage and build your success!
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