In this post, we are going to focus on different ways you can utilize to make money online. These monetization methods are well known and have been used by many bloggers to make money online. However, even though they have worked for many bloggers, it doesn’t mean they are going to work for you.
What I am trying to say is that the most important thing is to keep on testing different methods of monetization, until when you will find something it is consistently profitable.
For blog monetization purposes, the three well know ways are :
- Advertising
- Affiliate Marketing
- Product Creation or product development
If you are just a beginner, I suggest you start with the simplest, which is advertising since it is much easier to make money from advertising rather than creating your own product.
However, you should make it your goal to eventually create your own products to sell. Selling your own product is one of the best way to generate constant income as you are no longer dependent on other people’s products.
1. Advertising
To get started on advertising, you will need to have a website with atleast some contents and the website should be generating a significant amount of traffic. Starting a website is quite easy, you could simply start with a few articles or hire someone to create a website for you.
Once you have your website, you will need to look for a reliable advertising company. Nowadays, there are thousands of them online and you can find one with only a few searches.
Once your website is up and running, it is now time to get started on two simplest ways that I have listed above, advertising and affiliate marketing. To begin with, start by placing one or two ads on your blog. Register with affiliate marketing companies like Clickbank and find something worth to promote.
Write a review about that particular product and do not forget to link back to the product page, incase someone wants to purchase whatever you are promoting. If you find whatever your are promoting is not working as you expected, try to review something else. Experiment with different type of products and advertising networks until when you will find something that is working for you.
Once you have started making some constant income online, it now the high time you start thinking about creating your own product. You can start by creating a simple product that is geared towards your expertise.
Some of the simple products you can get started with include an eBook about a specific topic or a training course that teach people how to solve a certain problem or to do something. These kinds of ebooks or training do not cost alot of money to create and they can generate constant income for you for a very long time.
Once you have gotten enough capital, you can now move to creating high tech products. Here it is most likely you will need to hire an expertise, however, since you have all the resources needed and you are willing to pay well, finding an expert can be very easy.
The minute you start creating your own products, you have now conquered the world of internet marketing and you can now start enjoying constant income from one of the most lucrative ways to make money online.
So to conclude, the goal of any blogger should be to create his or her own product. However, to reach that stage, you will have to start from the beginning and move upwards the ladder. Internet marketing is all about finding something that is working and sticking to it. It all about trial and errors, without giving up even when none or little income is coming along your way.
