At one point or another most people seem to find themselves seeking out ways to make money online.
I mean, who doesn’t want some extra cash?
Well, in this post we’ll review and discuss the “Top 3” tried-and-true methods that yield positive results for making money online.
So without further ado..
The top 3 ways to make money online with your own website
Starting at the top:
1. Selling your own products and services
Most people have a hobby, passion or specialize in a field that they’d like to turn into an additional (or primary) revenue stream at some point in time.
Having your own website gives you a platform to do just that.
It does not matter if its a dog walking business or an online coaching series, having a website where you sell your products or services can definitely help propel the growth of your business and also extend its reach globally.
Selling your own products and services online through your own website is (in my honest opinion) one of the most liberating and smart choices a person can make.
“Why?”, you ask..
Because unlike a brick and mortar store or shop, your online business is constantly working for you around the clock.
Also, with the number of online website solutions and services available ranging from Content management systems to shopping carts to membership sites – selling your products or services online is a no-brainer.
Need help with your website?
2. Selling other peoples products and services
Using this model, you have an opportunity to make money online supporting and referring other businesses while receiving a commission. On the internet, this is known as “Affiliate Marketing” and is a huge business.
According to mthink, Affiliate marketing has a projected growth rate of 6.8 Billion over the next 5 years.
Now that’s some serious money.
9 times out of 10, if there’s a big business online, chances are (if they’ve been around for a minute) they have an Affiliate program that will provide you with all the promotional tools and resources you need to help you spread the word about that particular business.
Some companies like Amazon have their own affiliate program, while other businesses prefer to utilize affiliate networks like Clickbank, CJ Affiliate and ShareASale for their affiliate solutions.
How do you make money as an affiliate?
In most cases you get a unique link with your “referral id” and for every visitor you refer (who buys something and /or signs up) – you get a commission.*
A few lucrative ways people make money online as an affiliate is by:
- Writing blog posts relevant to the affiliate products or services and then providing a link in the post
- Having a “review” website that discusses the differences between products and providing an affiliate link in the post
- Using social media to promote the affiliate product or offer using their affiliate link
Signing up to become an Affiliate can be a great option to make money online if you don’t have a product or service of your own to recommend (yet).
*All affiliate terms and conditions vary. And spamming is a HUGE no-no. The best thing to do is to do your homework when seeking out these affiliate networks to find out all the details.
Last but definitely not least we have probably the most popular way to make money online.
Once you have a website set up and are getting traffic to it, advertising can be a great way to make money online. Many people use advertisements as a way of generating supplemental income whereas others build their entire business model around it.
2 of the most popular ways you can make money online with ads is through CPC and CPM.
Without getting to deep into the specifics of online advertising it breaks down like this:
CPC is basically “cost per click on your link” and CPM is “cost per 1000 impressions”.
So you can make money by either:
- showing the ads
- when your website’s visitors click them.
The big dog in this arena is definitely Google’s Adsense program.
Its one of the most reputable, highest paying and most desirable Ad programs online.
People basically pay Google for ad slots and then Google serves the ads to its publishers’ websites.
Additionally Adsense is integrated with websites like YouTube which is nice if you have a YouTube channel that has video’s that you’d like to monetize.
Google’s non-intrusive ads (and ad policies) tend to offer the best balance in terms of ads vs. content. This ultimately leads to a better user experience for your Website’s visitors as well as its ad partners.
And there you have it.
As you can see, making money online with your own Website is a option that’s available for everyone.
Simply provide unmatched value, goods or a service that your visitors want and you could very well be on your way towards making your first dollar online.