However, if you're looking for realistic ways you can start earning money online now, then it really truly does boil down to seven paths you can take towards profit. Some will provide you with immediate results, helping you to address your basic monthly necessities such as rent, utilities and groceries, while others have the potential to transform your life by revolutionizing your finances in the long term.
Give tangible value to others. Finally, you could use your experience to give your users some kind of measurable, immediate value. For example, the Krazy Coupon Lady offers a number of coupons, deals, discounts and other monetary incentives for readers. You could easily start a site like this from your own personal endeavors in saving money; all you'll be doing is sharing that knowledge and experience with other people.
More than half a billion products are sold on Amazon every month, making it an incredible opportunity to make money online. But, like everything else that involves making money online, you have to do quite a bit of work to earn it. One option on Amazon is to find products that are already made and buy and sell them at a discount. For example, you could research generic products such as clocks, keychains and mugs to attach to your brand. For an incredible deep dive on how to make extra money with this strategy, check out how digital marketer Neil Patel recently did this as a public experiment right here on his blog.
Creating an online video course might prove successful as a website monetization method. You should start from the premise that everything is teachable, so you can use your expertise and knowledge in a particular area to teach others how to start getting involved in that area. In exchange for a sum you set up, people will be glad to come and subscribe to your online courses.
Banner advertising is somewhat risky. Showing too many ads in a single webpage might detract users from visiting other pages, as well. Thus, the income from ads on a single page might be consistent, however it is far less than the income coming from a session of several pages visits from the same user. Thus, banner advertising should be used wisely, to maximize profits coming from this monetization source.
Creating good products that are well made and polished require a ton of time and additional resources (like design, content, etc.). There’s a lot of ‘hidden costs’ in both time spent and the contractors to collaborate with. Selling your own products on your site also brings up problematic issues like payment gateways (how are you going to collect payment?), shipping (how are you going to mail or distribute the products?) and taxes (oh man, don’t even get me started with that one!).
If I have a blog that is getting 100,000 page views a month that means that I’m probably getting at least 50,000 people to the site (most blogs will do between 1.2 to 1.4 pages per session). That means I have to try and get some small percentage of those people to buy something from me if I really want to do well. If I can’t get them to buy something then (in some cases) I have ads running on the site that will make me money anyways.
It is important to remember if you sold your site for 2 years revenue and it made $5000 a month, you would get $120,000. To earn that amount of money it could take you 6 or 7 years because of expenses and taxes. You also have to factor in how long it took you to build your business. If it took you two years and you sell for $120,000 – then it would be like earning an extra $60,000 a year.
All the most successful online entrepreneurs have an email list. This allows them to stay in touch with readers to bring them back to the information on the website, share exclusive news and updates, and make offers. The list is crucial, and therefore, its sign up box should be on every page. You can also use a service such as HelloBar to create a signup form that appears in a variety of spots on your site, such as at the top of the page.
A niche affiliate site often presents like an eCommerce store. To get started with an affiliate site, choose your niche then display products with pictures, descriptions, and prices, just as you would on an online store. However, when visitors click the ‘buy’ button, they will be taken directly to Amazon, to make the purchase. You then make an affiliate fee for sending the traffic to Amazon, but have none of the packaging hassle, or initial financial output creating or buying the products.
Alternately, you can sign up with a service such as Blogger, from Google, or Wordpress—both of which will not only let you put your site name in front of their service name (e.g., geeks.wordpress.com), they will give you that and a website for free. The advantage, aside from that, is that Blogger and Wordpress give you a great number of really well-designed templates to make your site look visually awesome. The downside is that generally takes having a "pro" version (i.e., paid for) before you can do any serious customizing.
Prior to that group, they had an online community for teachers looking for lesson plans. That probably sounds pretty random, but it's crazy the type of communities you can build and rally people around. If it's something that you're passionate about yourself and you want to connect with others that have that same passion, then an online community is something you should definitely consider.