There are many ways to earn money online. While some prefer to tackle 9-5 jobs, many others are looking for ways to make extra cash. This option can be quite lucrative if you want to invest wisely.
If you’re looking to make money online, you should try and pinpoint a way to monetize your existing audience. Rather than looking for a way to make quick cash with a new blog, you should try and build up a steady source of income from an existing platform.
The following will explore some of the ways you can make money online. Though it may not be “quick” money, you can still make a decent chunk of change if you put in the right amount of work.
Monetizing Blogs Through Affiliate Marketing
One of the simplest ways to make money online is to take advantage of affiliate marketing. Affiliate marketing is when an affiliate (someone who promotes products for pay) promotes a product, service, or website, and when someone purchases that product, service, or website, the affiliate earns a commission.
When you promote a product, service, or website via affiliate marketing, you’re essentially acting as a salesperson. You’ll be given a commission based on the sale you helped to drive. So, if you drive 100 sales, you’ll earn 100% of the profit from these sales.
The beauty of affiliate marketing is that you can get started with very little capital. You don’t need a huge budget to get started and you don’t need to sign up for expensive services to get results. You simply need an affiliate marketing program, a product, service, or website that you can promote, and a lead magnet (a unique piece of content to hold people’s attention).
Creating Online Stores Through Affiliate Marketing
Another way to make money online is to create an online store. An online store is when someone makes an online storefront for products that they sell. You can use Shopify, Bigcommerce, or a host of other eCommerce platforms to create an online store. Once you have your store up and running, you can use affiliate marketing to promote and monetize your store. Just be sure to take the time to properly set up your affiliate program with the right metrics and trackers to maximize your revenue.
Creating Online Product Launches Through Affiliate Marketing
An emerging trend that’s taking off is online product launches. With online product launches, you can create a store and sell a product in less than a day. The product is usually offered at a discount during the launch period, and the money from these sales will be funneled back into the business. For example, Shopify has dedicated product launch weeks to helping entrepreneurs launch their products online successfully and even offers specialized training.
Creating Podcasts And Stocking Them With Affiliate Marketing
Podcasting is another way to make money online. You can create a podcast and sell affiliate products through it. Podcasts are usually between 15 and 30 minutes long and are held to a high standard. The most popular podcasts out there can make hundreds of thousands of dollars annually through affiliate marketing.
Using Affiliate Marketing To Monetize Your Social Media Accounts
You can use your social media accounts to promote products and services via affiliate marketing. When you do this, you’re essentially acting as a salesperson. You’ll be given a commission based on the sale you helped to drive. So, if you drive 100 sales, you’ll earn 100% of the profit from these sales.
To get started, simply create a Twitter account with a financial background. Then, you can start using the Twitter platform to promote products and services that you’re a part of. You can also use hashtags to make your content more discoverable. The greater the reach of your content, the more opportunities you have to make money online through affiliate marketing.
Using YouTube To Generate Advertising Income
You can also make money online through YouTube. Create a YouTube account with a business or financial background and you can start using the platform to promote products and services. When people click on your referral links or watch your videos to learn more about a product or service, you’ll earn a commission when they make a purchase.
To get started, simply upload videos demonstrating how you use a product or service and add a few calls to action (like an affiliate link or a button to call to action). Then, you can use keywords and descriptors to make your content more discoverable. When people find your content, they’ll be more likely to click on your links and make a purchase accordingly.
Monetizing Existing Blogs And Websites Through Affiliate Marketing
You can also use affiliate marketing to make money from established blogs and websites. All you need is a revenue-generating blog or website. Once you have this, you can promote products and services that are relevant to your blog’s content through affiliate marketing.
This is a quick and easy way to make money online. You’ll still need to do some research and figure out what affiliate products and services are relevant to your blog or website. Once you find these, you can begin promoting them. Never fear, learning how to make money online through affiliate marketing is relatively straightforward.
Monetizing Your Personal Blog Through Affiliate Marketing
If you have a personal blog, you can make money through affiliate marketing just the same as any other blog. The only difference is that your affiliate links will point back to your personal blog’s content rather than someone else’s. This is a win-win situation because you’re essentially promoting yourself, which is extremely valuable to a potential buyer.
The beauty of this option is that you don’t need to find a product that people are searching for. You simply need to identify a relevant product or service for your blog’s content.
Creating And Monetizing Virtual Shopping Malls Through Affiliate Marketing
An emerging trend that can be quite lucrative is virtual shopping malls. With virtual shopping malls, you can create an online marketplace for products that you’d normally sell in a physical store. When a person makes a purchase through your affiliate link, you’ll get a commission.
To get started, simply use a tool like Shopify to create an online store. Once you have your store up and running, you can use affiliate marketing to promote and monetize your virtual shopping mall. With virtual shopping malls, you can basically sell anything from clothes to furniture to electronics to food.
Though this is a new and emerging industry, you can still make money online through virtual shopping malls. You simply need to learn how to create one and you can get started with very little effort.
Creating And Monetizing Online Magazines And Newspapers Through Affiliate Marketing
Newspaper companies and magazine companies typically make a lot of money through affiliate marketing. If you believe that human interest stories are more profitable than anything else, you can create an online magazine or newspaper. These types of publications usually have an eCommerce element to them, so you’ll need to use a tool like Shopify to create an online store.
When you have a physical magazine or newspaper in your hands, you know that it cost someone money to make. The same goes for an online version of the same. When someone buys a subscription to your magazine or turns to your website for information, you’re essentially making money through affiliate marketing.
Using Your Smart Phone To Monetize Your Laptop Via Affiliate Marketing
With the invention of the smartphone, a new frontier of online marketing and commerce was opened. Smartphones changed how we make purchases and how we interact with companies. Just like any other business, you can use your smart phone to make money online through affiliate marketing.
If you have a laptop, you can create a tool like Shopify and easily set up an online store. When someone makes a purchase through your affiliate link, you’ll get a commission.
You can also use your laptop to covertly take advantage of people. Sometimes, companies will pay you to take part in certain surveys or contests. Simply Google “monetizing laptop” to find out more about this option.
Using Your Smart Phone To Find Relevant Products And Services For Marketing Purposes
Smartphones are heavily integrated into our lives, so much so that they’re practically part of our daily routine. We use them to read email, browse the web, look up addresses and call people, among other tasks. One of the most valuable things that smartphones do is help us to find relevant products and services for marketing purposes. We’ll discuss how to utilize this functionality below.