Last updated on March 6th, 2017 at 08:21 pm
Earning Online Money:
When you move online for any career, you might think that how to monetize your work? If you’re a full-time professional blogger or any freelancer, then you know it very well. Though there are hundreds of way to monetize your work when you seriously choose it as the full-time career, the way you have chosen must be a satisfactory solution for your financial needs.
In online career, every option of earning can’t give you instant access to your dreams or expectations. So selecting a proper method from the beginning is very important. You can test each method of making money online to maximize your total revenue but choosing a base also has the same importance.
I am giving you some of the ways to monetize your online work to earn the expected income from the internet. The ways of earning may work at different levels for every individual, and sometimes you may need to be patient. But proper strategies and execution of your plans bring more profit to you.
I am going to discuss the top 10 ways to earn money online with your existing skills. Though the list of methods of earning money online is so long, you will like the ways that I’m going to suggest you.
Affiliate marketing is an attractive way of earning online. It’s simple to understand, but when you follow and understand the pros and cons of it. It’s my favorite tool for earning online money. As it gives access to earning right from the first day, you can use this way to monetize your blog or video channel to make huge money. Not only me but the many successful internet marketers and bloggers have more than 50% share of their total revenue from the affiliate marketing.
In affiliate marketing, there are many terms, and we are going to discuss them one by one. Before that try to understand what is affiliate marketing.
An internet marketer/publisher (Affiliate) promotes anything from third-party seller or merchant to the customer. If the customer likes the product promoted by the publisher and buys from the link of that publisher (Affiliate link), the seller or merchant gives commission to the publisher for his work (Affiliate Commission) according to the product and volume of sale. This process mentioned here is called as affiliate marketing.
If you are a blogger or online publisher, then you can easily promote some affiliate product related to your niche and earn some revenue. You can go for single companies like Amazon, Flipkart & Snapdeal or the network affiliate marketplace like Clickbank, ShareASale or Affiliate by CJ. The products, prices, and the commission are not same among these all companies, and you can easily compare them to better results. The important thing I have to say here always refers the quality product relevant to your niche. It will build trust with your visitors.
It’s the way that most of the publishers used for earning money online. However, the significant percentage of bloggers has Google AdSense as the primary source of their earning. It is advertising network by team Google. You can apply for Google AdSense if you have a quality blog or YouTube channel. Google places the advertisement on your blog or channel and gives a large percentage of revenue (around 68%) to the publishers.
To apply for AdSense and to get approval, you have to build a qualitative blog or video channel. My suggestion is to post at least 30+ original posts on your blog that will give some value to your readers and wait till your visitors reach to 1000/day. At that time you can earn an adequate revenue from the Google AdSense. However, I can’t guarantee you and this subjects to change over time and your efforts.
Other advertisement programs like Infolinks can be useful to you, but I strongly recommend to focus on single method at a time said as earlier in this article. You can try other options too side by side.
If you are taking this career seriously, Google Adsense will help you to create nice income from your online work.
Freelancing is a big opportunity if you have the particular skills. Your skills can give you ample amount of money by working from your home only. No matter you are a professional freelancer or a homemaker. Freelancing has the sky the limit. You have just to find and grab an opportunity regarding your skills and knowledge and complete the tasks allotted to you.
There are dozens of websites providing such type of jobs for you and an excellent source of income along with it. The works that can do via the internet are very beneficial in this category. Web design, Graphics & Logo design, Data entry, Resume, and Cover Letter, Academic projects, and typography, there are hundreds of works that fall under the freelance jobs. If you seriously go through this, you will be able to earn more than 20K per month, and it’s an entry level salary for average Indian companies.
Upwork, Fiverr, Truelancer, Amazon m-Turk, etc. are several sites that provide you amazing jobs in this category. I suggest you polish your claws before the attack. Some jobs may take your basic skill tests like language or grammar test etc.
If you would able to complete your assignments in time and qualitative manner, your rating and reputation increases that can give you more opportunities to income. In the beginning, stage tries from small jobs and keep your gig price slightly lower than the average bid to grab more opportunities. You can learn the details when you go through that.
Drop shipping is another source of income that can give you a big profit over the short period. It’s a risky job, but if you are going to take that risk and become successful, you can start to earn on an average to the medium level employee in a corporate institute.
In simple words, drop shipping is selling of third-party products on your behalf. Here, you don’t need to store inventory or take care of dispatch. You have to just promote the product as your own, and when the order comes, you can transfer this order to the merchant for you. He will pack and ship the order, and you will take profit over each order. You can add over the merchant price, that’s your profit and to earn it you have to add at least 20% over the original dealer price.
You may think it’s very easy but finding a trustworthy seller and taking the responsibility of your business are two big factors in the drop shipping. If you take guidance from a successful person and work smart for at least two hours a day, you can earn the nice profit from drop shipping.
Drop shipping may not need your own platform, or you can try it on third-party platforms like eBay or Amazon but owning a website is always beneficial to you.
Own Business Promotion:
It is a self-business expansion with fewer efforts. When you move your business online, then people from all around the globe can easily get the ideas about your product and service with one click. It will increase your market reach. If you plan proper strategies and execute them, it can help you to grow your existing business by several times. This is the reason that every business have their websites or they are planning to build in the near future.
Sponsor ads can help you to earn more with your platforms. If you have sufficient amount of daily visitors, then many companies and sponsors are standing in the queue to promote their products or services. You can deal with them for promoting their product on your platform and earn revenue from it.
It is easily possible when you reach over 50K visitors per month. The warning I want to give you is never promote products irrelevant to your niche though the revenue is more. It will harm the organic growth of your online career.
Buying and selling the products and services online is an excellent concept and you can give a chance to it. Like the e-commerce sites, you can buy and sell new or second-hand products for the affordable price. Not only physical products but also digital goods like software, eBooks, photos, music and even website domain, etc. can be bought and sell on the internet.
You need to have an excellent communication and convincing/marketing skills to get extra profitable deals in buying and selling.
Online teaching is also a good way to earn money online. You can use your existing knowledge to teach online. From basic to advanced education in the medical and atomic field can be given through this system. You can create audios, videos or eBooks to teach your students or use online webinar methods or even on Skype or video conference technique to teaching purpose.
There are several online portals like Udemy, Teachable, etc. that offers the platform to your teaching skills. You can start with your own too. Nowadays, online course is a popular method of earning, and some people are charging thousands for this category per head.
Online Recruitment Process:
You may hear or watch the several online job portals like Naukri.com, Monster, Indeed or Shine and so on. These web portals provide the jobs for people and employees for companies and some paid add-ons services too.
It is the again beneficial way to earn online money. If you have prior knowledge of HR or recruitment, then it can add more advantage for you. You can deal with some organizations to provide employees, and you can do this easily.
Online Software Building:
The last in this list but not the least, the online software building is also a profitable business if you know coding and programming at the higher level. IT professionals have a scope in this category. You can build a custom software or application according to the need of your client and charge the thousands for your work. There are several parties ready to hire you if you have a potential to work in that field.
Your knowledge is not only to serve others. If you are going to use it in the right direction, you can earn more than that of your salary and proudly become an entrepreneur.
These are top 10 ways to online money I found. There are other several options like PPC ads, membership sites or the stock market, etc. To succeed in that, you must have an active network, experience or some wants the initial investment of money too, that you never want to do.
I have given the best ways to earn online money, and you can implement them. Use the better you find but keep testing every method. Using too many ways to monetize may affect you adversely so be wise for that also. Some people may find other ways more beneficial for them, and I appeal them to feel free to share your comments with us. It will give more benefits to other online community.
If you have any feedback or query, let me know via comment box.