The recent developments in the Covid-19 pandemic have made it abundantly clear that we are living in a digital world. With many people losing their jobs and more restricted to their homes, the opportunity to make quick money online has never been more appealing.
In fact, it is arguably the perfect time to be entering the online world, what with many people looking for ways to make extra cash during these challenging times. A lot has changed in the world of online business since the beginning of the pandemic, and just like any other industry in the throes of a major disruption, it is a market that is open to improvement.
However, to ensure that you make the most of this new world of opportunities, you need to approach online marketing and sales from a completely different angle. You see, to make money online you usually have to rely on a few tricks that have remained fairly consistent over the years. While there is no denying that the tools have changed, the objectives have not. In this article, we will discuss how you can use the most up-to-date technologies to your advantage and transform your spare time into a lucrative side-hustle, all while contributing to a greater good.
Create A Profitable Niche
The first and perhaps the most essential step to making quick money online is to pick a profitable niche. Now, it is important to keep in mind that this is not some sort of get-rich-quick scheme, but rather a road to financial freedom that can provide you with the resources you need to support your family and more.
If you want to make good money online, you need to identify a profitable niche and build a website around it. It is a proven fact that people will flock to your site if it serves a purpose that they are looking for. In fact, according to HubSpot Blogs’ research, people spend more time on average on a mobile device reading articles than they do on social media sites. That means there is plenty of room for you to occupy if you can provide insightful information on your chosen topic.
For instance, if you are a fitness buff and your passion is helping people get in shape, you could start a blog focusing on health and fitness. With so much competition in today’s digital world, it is essential that you stand out from the crowd. While it is great to have a large following, if your content is not of a high enough quality, you may lose a large chunk of your audience.
So, how do you create profitable content? You draft a detailed plan and you follow it. To start, you could create a free blog and see how much content you can churn out on a weekly basis. From there, you can incorporate aspects of your plan that worked and build upon them. The important thing is to keep iterating and improving your content strategy.
Use The Right Technology
Another crucial step to making money online is to use the right technology. You need to pick a platform that is both effective and affordable and has all the necessary features you need to succeed. Even if you have the best idea for a blog, if you cannot effectively convey it, your readers will lose interest and your money will be down the drain.
So, you need to consider the platform you will use to publish your content. In this case, since we are talking about a blog aimed at digital nomads, you will require a tool that can effectively function on the go. That is why we have selected WordPress as the main platform for this article. Not only is it very popular among digital nomads, it is also very versatile and offers an array of features that make it much easier to use even for those who are not tech-savvy.
When picking a WordPress theme, make sure that you go for a clean and easy-to-use design that does not overwhelm your visitors with information.
For those looking to start a blog, choosing a free or premium WordPress theme should not pose a problem. While you can always opt for a cheaper theme, ensure that you purchase a premium version that is equipped with all the necessary features you need to succeed. This step is crucial as you will not be able to upgrade to a pro version once your blog goes live. So, by ensuring that you have the necessary tools to effectively run your blog, you are already taking the first step towards becoming financially independent.
Avoid The Advertising Mistake
Now, this tip may not seem like it has much to do with making money online, but it does. Every time you hit the ‘publish’ button on a blog post, you are bombarded with multiple adverts. While it is great to generate revenue through the use of advertising, you must keep in mind that you are not paying to read an article, you are paying to watch an advert.
To ensure that your advertising does not take over your content and drown out your voice, you must display ads that are relevant to your niche. For example, if you are writing about nutrition and fitness, you will want to show ads for healthy lifestyle products such as workout gear and dietary supplements. Conversely, if your focus is on fashion, you could show ads for clothing brands.
The important thing to keep in mind is that the advertisements you show should be relevant to your target audience. Moreover, you should avoid showing ads for products and services that your readers do not need. For example, if you are writing about fashion and design, you may want to steer clear of products related to architecture or construction as your readers may not be interested in such content.
By taking this approach, you will ensure that you do not waste your time and the time of your readers by showing them ads for products they do not care about. Moreover, you can always choose not to show ads at all, which will not only help keep your content uninterrupted, but it will also generate a bit of extra revenue.
Make Money With Affiliate Marketing
One of the best ways for emerging blogs to make money is through affiliate marketing. Essentially, this is a form of advertising where you earn a commission when someone clicks a monetized link or buys a product that is promoted by a banner or an affiliate link on your blog. This feature has been around for a while and has been effective at helping content creators make money online. In case you want to learn more, here is an in-depth guide on how to make money with affiliate marketing.
What is important is to understand the various types of affiliate marketing and which one is suitable for your blog.
There are three basic types of affiliate marketing:
- Product-Based Affiliate Marketing
- Service-Based Affiliate Marketing
- Binary Affiliate Marketing
If your focus is on reviewing products or offering tips and tricks on how to use them, you should go with product-based affiliate marketing. Simply put, this type of affiliate marketing is when you promote a brand or a product and earn a commission when someone clicks a monetized link or buys a product you have reviewed. Examples of product-based affiliate marketing include Clickbank and affiliate links that appear on Amazon.com. If you want to get started with product-based affiliate marketing, you can use affiliate marketplaces like Clickbank, where you can promote multiple products and earn commissions from each product you promote.
However, if you want to tackle more challenging tasks and want to earn more money, you should consider service-based affiliate marketing. In this type of affiliate marketing, you promote a business and earn a commission when someone signs up for their service or purchases a product that is marketed as a result of your promotion. Some good examples of service-based affiliate marketing include Amazon Associates, Ebay Associates, and Linkedin affiliates.
Binary Affiliate Marketing is when you promote a business and earn a commission when someone clicks a monetized link or buys a product that is not shipped from an Amazon warehouse. For example, if someone clicks a link that takes them to a wine website and makes a purchase, you will earn a small commission. Binary affiliate marketing is often used by affiliates that want to promote websites and products related to finance and investing.
To choose the right affiliate marketing strategy for your blog, it is important to consider your target audience and what they want. Moreover, you should research the various affiliate marketing platforms and decide which one is the most effective for your blog. Once you have picked your chosen platform, you can begin promoting products that are relevant to your niche.