5 Ways to Make Money Online
The crazy thing is that making money online is not a pipe dream. I’ve been doing this for almost ten years with my Good Financial Cents website. I also know thousands of other people who make money online in their own way using websites, courses, or unique marketing strategies.
Now here is the good news. Most online income strategies are not so complicated. As with any other business, your income on the Internet takes time to grow. You must be prepared to devote the time and energy needed to realize your idea, and you should try to stick to it even if your journey is slow when you are just starting.
# 1: Google Adsense
If you visited any website, you saw Google ads. These ads are everywhere and for good reason. They are not only easy to set up on any simple website, but they can be profitable as soon as your website starts to generate a steady amount of traffic.
One of the great features of Google AdSense is that it is so easy to set up.From there, Google will provide you with a unique code that you embed on your site. Google takes it from there by tracking your pageviews, traffic, and revenue on your behalf. There is no support or service to run this thing, which makes it an easy task if you already have a website.
How much will you earn? I think my best month with Google AdSense has been almost $ 5,000 in the last ten years. This amazing month struck me as it was actually at the beginning of my blogging journey. When you start earning from zero to $ 5,000 a month, it will shock your world. For me, it also made me even more excited because I knew that there were other ways to monetize.
# 2: Affiliate Marketing
If you have a website or still come up with ideas for a blog, you can also do affiliate marketing. With affiliate marketing, you collaborate with brands and businesses as part of the content of your site. If you mention a product or service, you refer to this product or service using the unique affiliate code that you received when registering for this particular affiliate program. From there, you will earn money every time someone buys a product or service from your link.
Generally speaking, you want to collaborate with affiliates that are related to your blog concept. Since I am a financial advisor, I have focused my partner energy on financial products such as savings accounts, credit cards and investment accounts.
In addition to subscribing to individual affiliate programs, you can also sign up for an affiliate advertising network that offers many different partners in one place. Thus, you can see what works and what does not work over time.
No. 3: Consulting
Another way to make money online is through consulting. If you are an expert in any field, you can find people willing to pay you to advise them on their personal or business goals. You may think that you are not so important as to consult with large companies, but you may be surprised at what people will pay for.
My colleague Robert Farrington of The College Investor is a good example of someone who has advised online in an unlikely industry. Robert told me that after several years of blogging, several brands turned to him asking for help on social networks and online marketing.
No. 4: Online Courses
If you have any skills that you can teach others, you can also organize an online course that you can sell online. Hell, I even offer my own course for financial advisors who want to run their business on the Internet — The Growth Formula for Online Advisers.
# 5: Podcasting
I have a Good Financial Cents podcast for my blog, and I use this platform to constantly search for new sponsors and advertisers.
I still remember how I got my first sponsor for a podcast and found out that they were willing to pay $ 8,000 to include a short clip at the beginning of each podcast for 90 days. It was insanely exciting for me at the time, as I was not sure that I could monetize my podcast so much at first.