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How to Earn Money Online ~ A Complete Guide
Having another source of income could be very helpful, whether it is to save for your future or just to help you get by with your monthly expenses. The concept to earn money online has become a way for many people to make ends meet and earn extra money.
Consequently, everyone wants to be his own boss. That’s why more and more people are becoming self-employed. By spending their time browsing the Internet and searching for their next money making the gig.
How to Earn Money Online
This is expected since anyone can work online as long as they have a stable internet connection. The Internet has indeed paved the way for many people to look for a job from the comfort of their home. But it still needs the same amount of hard work, patience, grit, and consistency as you do on a daily job.
So, if you are thinking to make money online, here is the best guide to help you do that:
How to Create a Money Making Website
If you want to be successful in the online world, having a website is a must and it requires some advanced knowledge. Here are some important things you should familiarize yourself with in order to create a full-potential online earning website.
- Register Web Domain Name – A domain refers to the name of your website. For instance, you may be familiar with the website with a ‘.com’ or a ‘.net’ suffix. A .com domain name can be purchased for as low as $10 a month!
- Web Hosting – This is a kind of service that will allow you post a website or a web page to the internet. It is provided by a web host such as BlueHost.
- SEO – SEO or Search Engine Optimization is what most websites compete for. For instance, if someone searches something on Google, you want your website to show up on the first page. To be on the top, you must optimize and influence the words that you are using on your website.
- Opt-In Page – This is one of the most important things you should remember. An Opt-In allows you to gather email address and some of other basic information so you can connect with your audience through email. You can send monthly or even weekly newsletters about promotions, updates, and special products or offer that you have.
Now, the next step is to transform your website to an income generating one. Here are some ways to monetize your website.
Set up an E-commerce Store
It’s no doubt that this is the ultimate game changer in the Internet. Creating an online store to sell your wares online has been the go-to of many home based businesses as the Internet has proven to be open for all. Not only for big brands to sell their products and services online, but small business players are also gaining equal footing.
It has become easier for entrepreneurs to build their own e-commerce site due to different user-friendly platforms. For example, Shopify is a popular platform for online sales. On the other hand, those who built their website on WordPress prefer to use WooCommerce, as it can be easily managed through the backend of their website.
Selling things online can be quite difficult especially if you don’t have any experience at all, but it is one of the most lucrative income generators on the Internet. A good example is The Wow Shop, a small business in Chicago. They started out on Facebook sharing memes of Shiba Inus. They gained quite a following, and now, they have their own merchandise to sell. Their love for dogs and creating funny memes opened an opportunity for them to monetize their traffic.
Here are some references that you can use after setting up your e-commerce store:
A Legal Guide to E-commerce
Dropship and Sell on Your Store
50 Ways to Make Your First Sale
A Beginner’s Social Media Guide for Small Businesses
While it’s possible to sell on Facebook, owning a website makes it easier to manage stock, shipping, financial details, and more.
If you have a flair for any hobby, turn it into a profitable business!
Start Blogging about Your Passion & Earn through Affiliate Marketing
Perhaps the best definition of affiliate marketing comes from Pat Flynn of Smart Passive Income:
Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You find a product you like, promote it to others and earn a piece of the profit for each sale that you make.
Yes, passive income is possible from blogging, and affiliate marketing is the first step that everyone takes when it comes to blogging. One of the biggest affiliate network so far is Amazon; you can promote anything and everything that they sell; in exchange, you get a commission from Amazon.
Get my Step by Step Guide How to Start a Blog ~ No Technical Skills Needed to start your money making blog now.
Check your desired affiliate program and select which is the best option for you. Our PRO tip: choose a program that is suited for your expertise. Passion is an important key to making money with affiliate marketing, so start digging deep and start crunching content!
Read How to Rock Affiliate Marketing for more great tips
Join Google AdSense
Aside from affiliate marketing, you can also join Google AdSense, one of the biggest advertising networks on the web. Banners are placed on a website that display products that are being targeted for the viewers via their browsing habits.
AdSense has stringent qualifications, so it is recommended that you prepare yourself before applying for it. It pays to increase your readership and your content to be able to qualify.
The best thing about AdSense is it’s not commission-based. You don’t have to sell a product; AdSense pays you per click. And you don’t need to worry about the ads as it is completely configurable. You can choose to get ads based on your content or allow let AdSense decide which ads to show based on a visitor’s browsing behavior.
Sell Ad Banner Space
Once you gain quite a following, you can sell ad spaces on your website. This proves to be a steady flow of income, as businesses will pay for your space at a hefty price. If you have a decent following for a certain interest, you’ll have more chances of people bidding for your ad space.
It’s important to take note that while this may seem the best way to generate passive income from the Internet, there’s no guarantee that you’ll be successful in it. You have to take into consideration the competitors in your niche.
A heavily saturated niche will indeed take the time to get to the point of passive income, but with stunning content, you can achieve it.
If you think it’s time to let go of your baby project, you’ll still benefit from it by flipping it.
WebsiteFlipping.com explains website flipping succinctly:
Website flipping is the art of buying, improving and selling websites. The term comes from the property industry where investors will buy a property, renovate it to add value, and then sell it at a higher price.
When you think you’ve reached a profitable point for a website, an alternative means of making money out of it is through website flipping. What others do is they engage in the cycle of website flipping. They seek out websites that have potential; after purchasing a website, they will start improving everything from the ground up.
Once the website reaches a desirable position, metric or traffic, it is time to auction it to the highest bidder at major flipping websites. Voila! Cold hard cash.
You might think that flipping websites isn’t worth it, especially with the hard work that it needs to become profitable, but the returns are promising. A quick glance at Flippa.com will motivate you: websites are up for sale as low as $200 USD — and as high as $180,000 USD.
There you have it! It’s not very difficult to earn money online . The only thing between you and your success in the online-job world is your dedication to work.
Thank you Alexe for this great post. Alexe Chasanov is an e-commerce business owner somewhere in California, specializing in men and women fashion outfits. She loves blogging, all about fashion and style, and playing guitar in her spare time.
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