How many articles are there about making money online? I’m sure there are thousands of articles on this subject with the same sales pitch to sign up for a webinar or buy this product and you will make $1,000 or $5,000 per month in passive income. Yes, I know this could be frustrating as I have also fallen for these tactics several times.
Over the past few months, I have realized that you can actually make real money online and it doesn’t have to be so complicated and difficult as most people say.
One of the most important things you need in order to generate income on the internet is traffic. The more readers and customers you get that are interested in your product or business will monetize and increase your earnings.
Great Ways to Make Money Online in 2017
If you are an expert in your field then one great way to make an additional income stream is to become an online consultant for that niche. You can now easily create a website or blog and market your consulting services on it to potential clients.
Small business owners and big companies require experts in their field and the trend of outsourcing work has also increased drastically. By marketing your services you can establish yourself as a go-to person in your niche.
It may take a lot of time to establish yourself and build a reputation, however, once you do the potential is endless in the consulting business.
These days everyone who has started an online business knows about Affiliate Marketing. It is considered to be one of the best ways to make money online. It is a simple process to set up. There is no need to create any product or deal with delivery or the customer. Everything is done automatically for you.
The person who has created the product does all the work; landing page, delivery, banners etc. All you have to do is drive traffic to the affiliate link you receive and once someone purchases the product via the link you earn a commission.
This may seem easy at first but it is one of the hardest ways to make money online if you do not have the required skill. Almost everyone tries affiliate marketing by creating banners on the website or writing an article about the affiliate product. If you want to make good enough profit from it, you need to think outside the box and come up with other innovative ways to sell the product to your customers.
Read this: 12 ultimate ways to make money
Another great way to make money online is by creating several digital products that are relevant to your niche and sell it via your website or blog. Most people think that they have to be experts in that industry before they consider making a product. That is not correct. You just need to know 20% more about that subject compared to other people and have a profitable idea with high demand.
For example, if you have the expertise or an innovative way in driving traffic to a website you can create an ebook or Udemy course on the idea and sell it to your customers. If you do not have time to write the ebook you can also outsource and hire writers from several platforms such as Up work, Odesk, and Fiverr.
Creating a digital product is a great idea because you just have to put in the time and effort to create the product. Once it is created you can market it via social media or email marketing to your customers. The customer can purchase the product directly from your site with little to no effort from your side. This will allow you to generate passive income while you are traveling for a holiday.
Sell Ad Space
As I had mentioned above you need high traffic volume to be able to make money online. If your blog or website gets a good amount of traffic the best way to monetize it is by selling ad space. Most websites generate thousands of dollars per month by selling ad space.
In order to sell ad space, you will have to show the potential client proof on the number of views you get per month, the demographics user engagement etc before they consider advertising on your site.
You should only focus on selling ad space to companies that are relevant to your niche. If your website is about digital marketing you should focus on selling ad space to clients who are also in the same niche. It would look odd if you have a banner advertisement of a restaurant that has nothing to do with your business.
If you want to make money online then I highly recommend these 4 strategies. Once you start to increase your traffic and implement these methods effectively then you will be well on your way to make some good income online.
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