How much are you making right now anyway? At the writing of this article, minimum wage in the US was $7.25 per hour! (Even less in the Caribbean)
Making your money online can be more work than you are currently doing, but you subtract morning traffic, annoying co-workers and scheduled vacation times.
The crazy thing is, earning money online isn’t a pipe dream. Thousands of other people are earning money online their own way with websites, courses, or unique marketing strategies.
Now, here’s the good news. The majority of online revenue strategies aren’t very complicated. Like any business venture, your online income takes time to grow. You need to be willing to devote that time and energy required to get your idea off the ground. You also need grit to stick with it even if your journey is slow when you first start out.
Jim Rohn said – “Stay faithful when the numbers are small”
If you’re angling to earn money online but aren’t sure where to start, here are the 10 best ways to do so
#1: Google Adsense
If you’ve visited any website, you’ve seen Google ads. These ads are everywhere, and for good reason. Not only are they easy to set up on any basic website, but they can be lucrative once your website starts bringing in a steady amount of traffic.
One of the cool things about Google AdSense is that it’s extremely easy to get set up. If you have a blog or website, you can sign up for a free Google AdSense Account. From there, Google will give you a unique code that you will paste onto your website. Google takes it from there, tracking your page views, traffic, and earnings on your behalf. There is no upkeep or maintenance to get this thing going, which makes it a no-brainer if you have a website already.
How much will you make? Who knows but some people have reported having consistent $5,000 (USD) months! Imagine making that much, especially if it’s near the beginning of your blogging journey. When you go from making zero to $5,000 in a month, that will rock your world. You should get even more excited because there are many other ways to monetize.
#2: Affiliate Marketing
My bread and butter! Whether you have a website or are still dreaming up ideas for a blog, you can also look into affiliate marketing. With affiliate marketing, you partner with brands and businesses within the content of your website. If you mention a product or service, you link to that product or service using a unique affiliate code you receive when you signed up for that particular affiliate program. From there, you’ll make money any time someone buys a product or service through your link.
Generally speaking, you’ll want to partner with affiliates that are related to your niche. Since I’m an entrepreneur/affiliate marketer myself, I have focused a lot of my energy on helping people find ways to make money online and reviewing online opportunities across the worldwide web.
In addition to signing up for individual affiliate programs, you can also sign up for an affiliate ad network that offers a ton of different affiliates in one place. That way, you can see what works and what doesn’t work over time.
There are also high ticket programs that can make you passive income on the front and back end. Check out my 2 main recommendations below.
Another way to make money online is via consulting. If you’re an expert in any field, you could potentially find people willing to pay you to counsel them on their personal or business goals. You might think you’re not important enough to consult for big companies, but you’d be surprised at the types of expertise people will pay for.
You can do an average of 4-6 specialized gigs per year depending on schedule and the work involved. The best part is, you charge a flat rate that you are comfortable with. Think about it, that will be pay you are earning to advise people on your expertise (which you know and you are confident it adds value). You can also start a blog on your field and promote your authority online.
You can try out a website called Clarity.fm. They let anyone who wants to offer consulting set up a free profile. Once your profile is set up, people will find you and book a session which you’ll be paid for.
#4: Online Courses
If you have any skill you can teach others, it’s also possible to set up a course which you can make available online. You can create courses that teach anything from cooking to marketing or even freelance writing. Right now Udemy is one of the biggest marketplaces which sells online courses.
Another option is through a platform, Teachable.com. With Teachable, you can upload your course materials and use the platform to manage customers and accept payments.
Another way to make money online is by hosting an online podcast. You can run it in tandem with your blog, and you can use that platform to find new sponsors and advertisers all the time.
Think about a sponsor on the podcast willing to pay $8,000 for you to include a short clip at the beginning of each podcast for 90 days. Wouldn’t that be insanely exciting to monetize your podcast for such a great extra passive income?
There are tons of people making a lot more than that on their podcasts. The Entrepreneur On Fire Podcast for example, hosted by John Lee Dumas reports the shows net income of over $400,000 in March 2018. Now, that’s crazy.
The key to getting ahead with podcasting is finding your niche, growing an audience, and then finding ways to monetize and connect with sponsors. This isn’t the easiest way to make money online since there are a lot of logistics that go into writing, recording, and editing a podcast, but it is still worth considering.
#6: Book Sales
While the publishing industry used to be heavy in print, you can complete the entire process of writing, publishing, and marketing a book online these days. Websites like Create Space will let you upload and take your book to print without getting a formal publisher involved, and you can even get your book on Amazon.com so people can buy it there.
A blogger named Joseph Hogue has a successful blog (My Work from Home Money) and a thriving book publishing business. Hogue has written several books he has published online to create an ongoing source of passive income. He says he averages about 685 books sold per month to bring in an average of $1,857 in revenue. Not bad, huh?
If you think you could write a book people would want to buy, this is a smart strategy to consider since the start-up costs can be minimal and you probably already have a computer and word processing software just lying there doing nothing anyway.
#7: Lead Sales
Another way to make money online is by collecting leads. The main steps you need to complete to make lead sales work include setting up a website, getting traffic to that website, and making sure you’re collecting leads that someone will actually pay for.
Here’s a good example of how lead sales can work in real life: You create a website that brings in a ton of traffic from people who are searching the web to find answers on a specific niche or topic. You then sell the traffic to people instead of dealing with the work to process all the different requests and clients.
Basically, lead buyers are willing to pay for the personal information gained from websites. This is a win-win for everyone since I get paid for the leads and my website visitors are connected with someone who can help them.
Keep in mind, you can sell leads in many different industries, you just need to figure out a niche, build a website, get traffic, and see how much you can get for the leads you collect.
#8: Freelance Writing
If you have writing skills and creative talent, it’s also possible to get paid to create online content. This income stream is extremely viable.
A blogger by the name of Holly Johnson, actually makes over $200,000 per year creating content for other websites. That’s on top of the six figures she earns with her blog, Club Thrifty.
Holly reports that she started writing content in 2011. At the time, she still worked a full-time job but created content online part-time to supplement her income. Over time, she was able to double and triple her rates until she could quit her full-time job to write. These days, she makes bank as a freelance writer and teaches others to do the same via her online course, Earn More Writing.
According to Johnson, the key to making it as a freelance writer is figuring out a niche, networking with people who might hire you, and delivering high quality content 100 percent of the time. While there are a ton of writing job boards to help you get started, she says it’s fairly easy to find starter writing jobs on websites like Upwork.com.
#9: Sponsored Posts
If you have a website or a large social media following, you can also make money by pursuing sponsored posts and ads. But, how does this work? Basically, companies are willing to pay bloggers and social media influencers to promote their products and services. If you have a platform, be it a blog or a huge Instagram following, you can cash in.
Once established you can charge around $4,500 for a sponsored post. Plus, you clearly mark all sponsored content as an #ad to stay in compliance with Google’s terms and conditions.
Bloggers can make as much as $20,000 for a sponsored post. That’s pretty crazy, but it just goes to show what is possible.
Keep in mind, you don’t need a website to do sponsored content since you can also get paid if you have a lot of social media followers. You can build a large Instagram following and get all kinds of sponsorship’s. Not only will you get paid in cash, you can get a lot of free stuff too. It would be wise to promote things that you love so the strategy will work at its best.
YouTube is another platform that has made it possible for people to earn money online. There are a ton of YouTube channels out there on any topic that you can think of, and most of the people with a big following are earning money in exchange for their videos and time.
YouTube can be used to make a full-time income but most people use it as the “through the door” strategy and then they promote their main product/service on the back end.
Last year, Forbes profiled some of the biggest players in the YouTube scene. According to the study, the top ten biggest grossing YouTube stars brought in $127 million from June 2016 to June 2017. The most popular, a gamer named DanTDM, earned $16.5 million of that on his own.
Will you earn that much? Who knows. However, you can challenge yourself and set your first monthly income goal to be your current/previous/desired salary and move from there. I guarantee, once you are doing something you love, with time you will make a whole lot more than you ever dreamed of! You’ll do this via YouTube using the platform’s own ad network or by getting sponsored posts, selling branded merchandise and many other options. If you like doing video, starting a YouTube channel could be the ticket to your dreams!
The Bottom Line
There are an insane number of ways to make money online and the ones I’ve covered here are just the tip of the iceberg. If you have time, a passion for almost anything, and at least some creative skill, you may be able to build an online income stream — or several — if you give them enough time.
But, don’t just take my word for it. If you look online, you’ll find thousands of success stories you can use for inspiration.
One day you’ll even create a success story of your own. All that is required is that you believe it so, desire it more than anything else, and it shall be yours.