There are numerous ways to make money from an online magazine or blog, but not all of them are created equal. Some methods are much more promising than others, and a lot of it comes down to knowing what you’re doing and how much you want to actually make. Let’s take a look at some of the most lucrative possibilities so you can begin your moneymaking journey successfully.
Earning Money With Affiliate Marketing
One of the more popular methods of monetizing a blog or magazine is affiliate marketing. The idea behind affiliate marketing is to attract potential customers to one or more products or services through strategically placed affiliate links. When someone clicks on one of these links and buys a product or service, you earn a small commission.
There are several large affiliate marketers in the market, such as Commission Junction, Shareasale, LinkShare, and Clickbank. These companies handle everything from product acquisition to tracking sales and managing payouts. They also provide you with an affiliate marketing dashboard that allows you to monitor the performance of your affiliate links.
Monetizing With Affiliate Sales
Many affiliate marketers prefer to avoid using affiliate links for products they personally sell or recommend because it’s considered less ethical. Instead, they choose to purchase products or services through an affiliate network where they play a supporting role. This allows them to promote products and services they love while also earning a commission without appearing too unethical.
You can take advantage of this by creating your own affiliate sales page where you promote affiliate products. When a customer clicks on a product link and makes a purchase, you’ll earn a small commission. This method is a little less risky legally because you’re not actually selling the product yourself. You’re just helping someone else sell it. In return, you get a commission when they make a purchase. This is also a good option for making quick cash without too much effort.
Penny Stocking
Another moneymaking tactic that is still relatively popular is penny stocking. Basically, you look for discounted products that big companies are willing to sell at a lower price. Once you accumulate a large collection of these products, you can sell them for a profit on an online market place like Flippa.com. You can stay anonymous during the transaction, and all you need to do is place a small bid for each product you sell. When someone clicks the button to make the purchase, you get the notification and everything is handled by the shop owner.
These types of businesses are popular because a lot of people want to stay anonymous when purchasing expensive products. You can easily find these bargains, and with a little bit of effort, you can make a profit.
CPA Marketing
Last but not least, let’s talk about cost per action marketing. In CPA marketing, you essentially get paid when someone takes a specific action related to your marketing efforts, such as making a purchase or sharing your website’s content with friends. For instance, if you blog about fashion, you might choose to get paid when someone clicks a product link and makes a purchase, or when someone shares your blog content on social media channels like Twitter or Facebook.
The key to CPA marketing is to make sure that the action you’re measuring is something that is easily measurable. For example, if you’re paid per lead, you might want to look into getting a small sample of leads and testing out the system to see if it generates actual interest before you commit to a full implementation. The truth is, not all CPA marketing strategies are created equal, and you need to make sure you’re using a reputable company with a proven track record to avoid disappointment.
Once you found a company that suits your needs, you can begin building a subscriber list. The more subscribers you have, the more you can sell. You can use a tool like ConvertKit to easily create a subscriber list and send out regular email broadcasts to engage your audience and grow your business.
Monetizing With Affiliate Marketing
As you can see, there are several ways to make money from an online magazine or blog. You just need to find the one that suits your needs best. Keep in mind that you can’t expect to earn a significant amount of money overnight, especially since some of these methods are a little more costly and involved than others. However, if you’re looking for a passive income stream that can help you finance your retirement or just need some extra cash, then buying and reselling products through affiliate marketing is a great option.