As internet-based businesses go, affiliate marketing has huge income potential. And as mentioned earlier, once it’s set up properly the income from it can be almost 100% passive. In fact, this is how I quit my job originally. I built lots of little niche sites that eventually were bringing in income of over $10,000 a month! So, I say “Adios!” to my day job and I’ve never looked back.
Really good article with some great tips. Affiliate marketing has the potential to earn lots of money and I'm hoping I can make it happen. I have tried the matched betting and it DEFINITELY works. The one thing I would say is that you need to check that any bets have been accepted by the bookmaker. I have had on occasion bets which look like they have been accepted but don't register in my account. Always go into your account and check outstanding bets or your bet history.
Hostgator is one of the best all-around hosting companies for new bloggers in terms of performance and cost. They also have a great infrastructure to accommodate your blog as it grows, which is important. At some point you may need to upgrade beyond what Hostgator can offer, but there is no need for that level of investment when you are starting out.
Selling Products You Create: If you’ve created a product that people want, a blog or website is a great way to promote and sell that product. Selling something is probably the most stable way to generate income from your website. You control both the product and the marketing. Whether it’s a book you’ve written (here’s a link to ours!), a course you’ve created (here’s another link to ours!), or an item that you’ve made, selling your own products is a great way to earn a living online. When the right product fills the right need for the right audience, it can be an extremely lucrative venture.
There's an audience for everything, even if it's as specific as dollhouse furniture or organic dog food. With a niche e-commerce store, you can reach customers who seek your specific products. Building a business in a niche market can help you differentiate yourself from other brands and build your credibility and expertise. Look to social media or your own consumer needs to come up with a product to sell online.
While we’re obviously stoked that the blog is raking in the dough, this isn’t the most important thing starting a blog did for us. Not even close… Here’s the truth: Every dollar we make today stems from the fact that we started this blog a few years ago. It’s where we made mistakes, learned how to be disciplined, and started building relationships with other online entrepreneurs. Plus, it was a great place to start building a portfolio of work. If it wasn’t for the blog, I’d still be stuck in a 9-5 job, enduring excruciating back pain, and dreaming about the day I could quit. Every single job I’ve gotten comes back to starting a blog.
I’m so happy for you and also for Greg for being able to leave his “day job” and join you in your endeavors. I would never be never be critical of someone’s success and unfortunately, feel there is a real class war raging in this country, promoted by our current presidential administration. I guess you could count me in as one of your nosy readers, because as someone who doesn’t blog, I know very little about income opportunities that are created due to blogging. During New York Fashion Week, last week, the Wall Street Journal wrote an article about fashion bloggers making money by being affiliated with certain fashion labels or stores and receiving income each time a person clicks on their links, which I imagine is just one way you can earn money with this type of blog as well. I don’t mind that in the least. As long as what you write is honest, I am happy to receive the opinion of someone I THINK might be similar to me in values. So Holly and Greg, dismiss the naysayers and don’t worry if you lose a so-called friend here or there. If they choose to no longer associate with you because of this, it is their loss. My best wishes to you both.
Blogging is still a viable online business idea, and one with as much potential as ever. Just make sure that you start a blog on something that people actually want to read about. If that happens to be something you’re passionate about that’s great. But you need to understand that it’s way easier to monetize a blog about organic dog food than it is to make money from a blog about obscure literary fiction.
So, how do you actually make money from a website? Think of a website or a blog as something similar to a newspaper or television station. Much of what you make will come from different forms of advertising displayed on your website. You can also sell products created by you or by somebody else. Here are a few different avenues to make money from your blog:
What It Is: Do people ask you your secret to perfect pie crust or how you made that wreath? "Everyone knows how to do something, or has a hobby they enjoy," says Kimberly Lawson, owner of OohLaLuxe.net, who has created fashion and beauty tutorial videos. "These can easily be turned into profits." Simply sign up for a free YouTube account. Then use a smartphone or digital camera to record yourself explaining and demonstrating how you work your magic. (If you're more tech-savvy or have a burgeoning teenage filmmaker in your house, you can use desktop software, such as Windows Movie Maker, to create a slicker video.) "Once you upload the video to YouTube, enroll in its partner program," Lawson says. YouTube will then place ads inside or near your video, and you will earn money from the ads themselves, video views and click-throughs. "The key is to put a unique spin on your video," says Lawson, especially if there are lots of others on the same subject.
People are changing the way they search and consume content on the internet. No longer is it just text rich articles that people read from finding them on a Google search. Internet users are now getting more engaged with rich media such as videos. Because they are more engaged, Vloggers are able to leverage this to their financial gain. Vloggers can make millions of dollars a year from their audiences.
So, where are we supposed to turn to make money the legitimate way online? This isn't just about generating passive income; this is also about finding ways and means to create an active income through the conveniences afforded to us by the internet that will not only help us with our debt obligations, but also empower us to save, invest and get really rich in the future.
Mechanical Turk: Amazon's Mechanical Turk is a resource for doing human-intelligence tasks, or as the site commonly refers to them, HITs. You get paid a very small fee for any given HIT and you'll need a good deal of volume to make a substantial amount of money. But it is a resource you can use in your spare time to generate a small income online.
Yuri Arcurs is the man everyone turns to for their stock photo needs. As the world’s top selling stock photographer he sells an image every 8 seconds, 24 hours a day (that works out to over 4 million images each year). Arcurs makes millions of dollars each year simply by being the best at what he does. There are lots of great photographers in the world and the barrier to entry is as low as ownership of a camera, but Arcurs has managed to build a reputation online for consistent, high quality and imaginative images.
However, like anything else truly worthwhile, apps require a significant investment of your time or money upfront. If you don't have the skills, then you have to hire someone who can assist you in creating a great app. But first you need to come up with an idea that will sell. Do the proper market research and analytics to come up with the right app.
Startup costs: Freelance writing is another of those service-based businesses with very low start-up costs. There are tons of places online where you can find clients for free. At worst you can sign up for an Upwork account for $10 per month, just don’t plan on staying there forever. The most lucrative writing projects are rarely found on platforms like Upwork.
If you have a flair for sales copy you could try your hand at selling products for affiliates. While many people take the seedy route of selling diet pills and penis enlargement products, if you want to keep your conscience clear you’ll find that Amazon runs a very successful affiliate program that allows you to make money advertising any of the products for sale on their site. eBay also have a pretty good affiliate setup, with their top affiliates earning $1.3 Million a month, WOW!
Ebay is a bellwether. It's been around since nearly the start of the online boom. But, like any other platform, success can seem fleeting if you don't know what you're doing. Selling items on eBay, professionally that is, can be an art form. Getting people interested in your auctions isn't always easy, especially when there's hefty competition and low demand for what you're selling.
eBay is a great way to turn your unwanted things into a little spending money, but it isn’t just a place to sell your old Star Wars action figures. In fact, eBay’s global marketplace can offer a great way for canny traders to buy and sell their way to profit. By buying wholesale you can sell anything with a mark up. Even better, if you have the skills to make things people want to buy you could start your own home-based craft business, selling to customers around the world.
If you have a passion project, Kickstarter may be exactly what you need to get it off the ground. Celebs like Zach Braff and Melissa Joan Hart have used this site in attempts to fund their movie projects. Some crack dealers in Canada inspired a “crackstarter” campaign from Gawker for pictures of the Toronto mayor smoking crack with them. All you need is a dream, a goal, a budget, and a great pitch to convince people to come to the site and donate to your Kickstarter campaign. Panhandling isn’t dead – it’s gone digital…
For a long time, I shared my monthly income reports – mostly as a way to share my progress, triumphs, and failures with others. After ramping up my freelance efforts and an initial increase once I quit my job, my income got “stuck” at around $5,000 – $8,000 per month for over a year. Then, in October 2014, I made $11,660. Since then, I have earned at least $18,000 or more each month. In 2016, I didn’t see a single month with less than $20,000 in online earnings. In 2016, 2017, and 2018, I earned more than $200,000 from freelance writing alone. Fortunately, my husband also quit his job to work on this website in February of 2015.
Do you love taking pictures and have a general passion for photography? If so, you could make a very nice living for yourself online selling your photos. There are countless people who are willing to pay you good money for your collection of unique images you have to offer. Today more than ever it’s super easy to submit your pics to the masses, which can provide you with a very convenient approach to creating a solid source of additional income. Several stock photo sites like Shutterstock and Fotolia offer enticing incentives for individuals to earn money passively from the photos they randomly shoot in their spare time.
I’ve done the blog (20 years), drop ship (24 years), tech support (20 years), web development (30 years) and can tell everyone – these are definitely NOT that lucrative anymore. It’s all been taken over by offshore development, social media and corporate conglomerates. The individual really cannot compete like they used to or gain enough revenue to call this a lifestyle (side-business at best, but you wind up working very, very cheaply).
Being a blogger is one of the best ways to earn money online. Apart from this one can also make money by playing online real money games. Recently I have found a browser game – Wealth Words. It’s an online crossword gaming website where a user gets real cash money for solving the crossword puzzles right. You can add this to the list as well! It’s really entertaining to play and win.
I am the the Founder of Addicted2Success.com and I am so grateful you're here to be part of this awesome community. I love connecting with people who have a passion for Entrepreneurship, Self Development & Achieving Success. I started this website with the intention of educating and inspiring likeminded people to always strive for success no matter what their circumstances.I'm proud to say through my podcast and through this website we have impacted over 200 million lives in the last 10 years.