But don't make the mistake of thinking this will be a passive source of income—you're on call whenever you have a guest and you'll always need to keep the place clean for incoming visitors. On top of just renting on Airbnb, consider offering your guests paid add-ons, like Lauren Gheysens', Royal Day Out in London, England—where she gives visitors a local's only tour of the city, complete with bespoke 18th century costumes.
If you love to travel and find yourself randomly searching for airfare sales or browsing Lonely Planet, why not carve out a niche for yourself as a private travel agent? My friend, Mark Jackson did just that, making extra money online with his travel consulting side business. Start with word of mouth recommendations from friends who know they can count on you for the cheapest flights, and then move on and create a Facebook or LinkedIn group to invite people who want to stay on top of the latest deals. Eventually you could spin this into a full-time consultancy teaching people how to make their dream trip a reality.
When creating a membership site, always offer different plans and pricing tiers to appeal to your different categories of audience. Access to specific types of content is then dependent on the plan selected by a member. Membership fees can be a one-off payment or a repeat subscription. And you can even sell products on your membership site to boost your income.
Online savings accounts usually come with crazy good interest rates to help you grow your money faster (regular in-person banks can’t offer rates as high). We’re fans of CIT Bank and Discover Bank (among others) because their interest rates are often over 25 times the national average. That means the money in your savings account will grow 25 times faster than the pace it’s most likely growing at now. Really, though, you can’t go wrong with pretty much any online savings account that offers over 1.50% APY 🙂
Another one of the key ways that your website can contribute directly to your net profit is by saving time for you and your staff. For some businesses, this means putting forms online to gather and process information from customers in an automated fashion. For others it means building out the customer service functionality of their website so that their customers can get the answers and information they want without having to call customer service.
Wow, this is the best list of monetization ideas I’ve seen thus far. Although making money online is possible, I’ve found that building sites for local products and services that have high profit margins works best for me because it’s oftentimes a lot less competitive than fighting the folks who are selling products online or trying to get hundreds of thousands of visitors to their site.
Affiliate marketing is the underdog in this list. While networks like CJ Affiliate by Conversant (formerly Commission Junction) still exist, affiliate marketing for the modern web works best when you connect directly with affiliates you feel are relevant to your website. Have a blog about iOS apps or books? Try the iTunes Affiliate Program. Sell design resources? Try promoting other makers on Creative Market. I’m a digital nomad that lives in a different country every month (and sometimes blogs about it), so the apartments that I live in and recommend via the Airbnb Referral Program can sometimes earn me a lot of Airbnb credits!
If you’re serious about making money selling things online, it’s pretty much impossible to not recommend Shopify. The platform gives you everything you need to get your online store up and running in less than a day including a custom domain, beautiful templates (so you don’t need design skills), secure payment options, and they can even take care of marketing and shipping for you. Whether you’re promoting your own products, designs, or curating other products for people in your niche, Shopify is the best option for powering your online store.
Generating targeted traffic is a must, which you can succeed by the variety of ways The reason for monetization is very manageable to accomplish your purposes in the blogging world; we have to follow monetization and driving traffic strategies, we need to work hard. No matter how many obstacles come in any way, we just need to stick with; then we need determination because it’s not easy to make a successful blog and start getting enough traffic.
My next self-funded business hit $160,000 in revenue in its first year alone. After that first taste of self-made success, I’ve gone on to sign consulting contracts worth tens of thousands of dollars with startups like LinkedIn and Google, launch profitable online courses, and build a following of hundreds of thousands for this blog and my podcast series.
Blogger, which you can set up for free in less than five minutes, automates Google AdSense so that you can make money with your blog by displaying ads and getting paid when people click on the ads. To make more money, set up an affiliate program (see below) for books, music, and more, and insert your affiliate links whenever you refer to those items. A good strategy to set you on the path to success is selecting a unique topic, writing intelligent copy, and telling all your friends. You'll be off to a better start with a targeted audience.
Call-to-actions aren’t limited to sales. They can be used to get readers to engage with you by leaving a comment or on social media, sign up for your newsletter and more. As you create your pages, think about what you want your reader to benefit from and what you want them to do when they finish reading it. Then provide a call to action so they know the next step.
If you’re willing to take on some risk and have the heart of a true hustler, you can make extra money online doing commission-only sales for startups and other businesses. While you won’t be getting a regular salary, with the right sales strategies and skills as an inside sales rep, you can make decent money for each sale you bring in. And because you’ll most likely be working with startups, if you can negotiate a little equity you could profit big time if you're pitching a solid product and the startup succeeds.
Monetize that traffic. Once you have a reliable audience in place, you’ll need to find a way to monetize that traffic. This is easier than it might appear on the surface, as there are dozens of ways you can make money from a site that’s already seeing lots of traffic. For example, you could start selling products or offer consulting services, or you could sell advertising on your site. You could even use affiliate links in some of your blog posts to earn passive revenue that way.
Writing copy for websites is another great freelancing option for those who have a way with words. Copywriting can involve writing the text for websites, press releases, promotional offline materials including leaflets and brochures, and any other professional text for businesses. Writing copy can be better paid than blog writing. However, clients can be more fussy, as they want the highest quality writing for the forefront of their website or advertising campaigns. Many freelance writers offer both copywriting and blog writing amongst their services. This can be a good way to juggle regular but lower paid clients (blogging) with the higher paid but ad-hoc project based copy work.
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.
ThredUp. Their tag line is "secondhand clothes, firsthand fun." And they have to get their clothes from somewhere. Are you catching on? You are that somewhere. The website sells women's and kid's clothes (sorry, guys). You send your clothes in a ThredUp bag with a prepaid mailing label, and ThredUp will decide the value. They're looking for nice clothes and popular brands, and there's a fee if your items aren't accepted. So if you have clothes better suited for a yard sale, hold a yard sale. But if you have quality outfits you no longer want, ThredUp will probably pay you enough that you can buy new threads.
My suggestion for you would be to kill all your website and create a one large website. From there you will have much more time to write content and promote your website because now you spend countless hours on maintenance alone and that’s not efficient. Large websites are much better received by Google and it is going to be much easier to monetize your website.
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.