Monetize a hobby. While some hobbies actually cost money, others can be transformed into a profitable business venture. Ultimately, it depends on what your hobby is and how talented you are. You could turn your love of photography, for example, into a part-time gig taking family portraits and wedding photos or selling prints on Etsy or at arts fairs.
If you are an expert on a particular niche topic and can assemble some of the best resources on it from around the web, then you can create topical hubs and get paid through sites like HubPages. You'll earn even more money by creating your own niche site, though. Established topic sites have a built-in supply of traffic and tools to make content creation easier and are among the most profitable online business ideas. Once you've established yourself as an expert within your niche, you'll be able to make money from a combination of ad revenue, affiliate fees, and more creative avenues like online courses, other digital products, and one-on-one coaching fees from others who want to learn directly from your expertise.
Sponsored content is a terrific way of monetizing your website without using up your screen real estate, for those that like to keep the focus on the content without distracting the user with web ads. Sponsored content is supposed to be cohesive with the webpage, as if the content would still be there even if it wasn’t sponsored to be. When you observe eye-tracking studies it’s clear that traditional ads tend to be ignored — that’s if they aren’t blocked by ad-blockers that is.
VIPKID provides an international learning experience to children in China between the ages 4-12. Headquartered in Beijing, the company offers fully immersive one-on-one English language instruction provided online by highly qualified teachers. The curriculum is based on the U.S. Common Core State Standards and uses a flipped-classroom approach to foster creativity and critical thinking skills.
This is something like Experts Exchange, except that it’s more general in nature. As a professional in just about any field, you can offer your expertise on JustAnswer. They are looking for professionals in various fields who will provide answers to reader’s questions. You can make money online by answering these questions and pointing people in the right direction to get the solutions that they need.
You can set up a website, gradually build up the content (articles, videos, podcasts, etc.), then eventually monetize the site through advertising, affiliate marketing, or even the direct sale of specific products or services. Even better, you can generally find whatever services and technical assistance you need online and free of charge. Later on, when your site develops a reliable cash flow, you can begin working with paid providers who can take your blog to the next level.
Market places on online forums like DigitalPoint and Sitepoint are always active with website buyers and sellers. Keep in mind that they most used parameter to determine the value of a website is the monthly revenue that it generates, multiplied by a certain number (the multiplier can be anything from 5 to 30, depending on the expectations of the seller, on the quality of the site, on the niche and other factors).
“I went from a standing start and Laura's course has allowed me to easily market my products online and added over £15,000 to my bottom line in the past 6 weeks. I am so confident with what it does. I wanted to take my brand global and if you're looking to so the same, Laura's training allows you to effortlessly increase your brand while you get on with what you do best in your business. I would absolutely recommend it"
All websites should turn a profit, but most don’t because their owner simply doesn’t know what is possible and / or isn’t measuring what it is doing. The key to increasing the profitability of your website is two-fold; first, you’ve got to have a good strategy for how the website is going to increase your profits and secondly, you’ve got to track, measure, and dollarize your website results.
Creating and selling courses on your blog can be a successful way to make money online. The course itself should be relevant to your blog, and based on a topic that will benefit your audience. Although it may take time to create the course in the first instance, once completed, you can then repeatedly make money from the course each time you sell it.
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 produce or service using a unique affiliate code you received 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.