There are several ways to make money online. Hopefully this article will help you decide which method is best for you.
1. Affiliate marketing – Another popular monetization method that many bloggers use to derive income is through affiliate marketing. Under this system, you work as a middleman for various companies to refer your audience with products that are related to your topic (usually that is the case). As you don’t own the product, you don’t have to deal with customer service, taking orders, etc. The companies you become affiliated with provide you with a tracking link to use to link to their site. The commission is usually between 30%-75%.
2. Banner Advertising – If you pay attention to the sidebar of many popular blogs (usually on the right), they are most likely filled with 125×125 ads banner. This monetization method is one of the most lucrative out there. Depending on the popularity of the blog, this ad can sell from $50 up to $10,000 a month individually. There are usually 6 ads banner placed. Do the math.
3. Affiliate Marketing – Affiliate marketing is a very popular practice on the Internet. Under this system you have a merchant that is willing to let other people (the affiliates) sell directly or indirectly its products and services, in exchange for a commission. Sometimes this type of advertising is also called CPA (cost per action) or CPL (cost per lead) based.
4. All the popular blogs are trying to leverage job boards to make some extra income. Guy Kawasaki, ReadWriteWeb, Problogger you name it. Needless to say that in order to create an active and profitable job board you need first to have a blog focused on a specific niche, and a decent amount traffic. The advantage of this method is that it is passive. Once you have the structure in place, the job listings will come naturally, and you can charge anywhere from $10 up to $100 for each.
5. Paid Surveys and Polls – There are services that will pay you money to run a small survey or poll on your website. The most popular one is called Vizu Answers. Basically you need to sign up with them, and select the kind of polls that you want to run your site. Most of these services operate under a CPM model.
6. In-text Adverting – In-text adverting networks like Kontera and Vibrant Media will place sponsored links inside your text. These links come with a double underline to differentiate them from normal links, and once the user rolls the mouse over the link the advertising will pop. Should the user click on it the site owner will make some money. Some people make good money with this method, but others refrain from using it due to its intrusiveness. It is also interesting to note that very few mainstream websites have experimented with in-text advertising.
7. Selling a Hardcover Book – Many authors and journalists leverage their blogs or websites to sell copies of hardcover books. Examples include Guy Kawasaki, Seth Godin and Malcolm Gladwell. While most of these people were already renowned authors before they created their website, one could also follow the other way around. Lorelle VanFossen did exactly that with her Blogging Tips book. First she built her authority on the subject via her blog, and afterwards she published the book.
8. Flipping Blogs -Blog Flipping’ – or selling of blogs can be your last resort. The selling price is usually multiply by 5-10 of your average current blog earnings.
Nik Imran is the writer of IMakeABlog, a make a blog guide for beginners. You can learn how to create a blog with the 6 simple steps provided. Get a totally unique version of this article from our article submission service
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