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If you’re willing to take on some risk and have the heart of a true hustler, you can make extra money online doing commission-only sales for startups and other businesses. While you won’t be getting a regular salary, with the right sales strategies and skills as an inside sales rep, you can make decent money for each sale you bring in. And because you’ll most likely be working with startups, if you can negotiate a little equity you could profit big time if you're pitching a solid product and the startup succeeds.
Now just imagine that you're a pro, people are going to rely on you to recommend the best products and services in your niche. There's no shame in monetizing your website — especially if you do it right. That means being credible, honest, and only promoting products you really love or can stand behind. Your reputation and your business are on the line, so endorse products to your readers the same way you would to a dear friend. Or your mom. Here are some guidelines as you move forward.
Understand the different sales models. The most common forms of paid channel advertising are cost-per-mille (CPM) and cost-per-click (CPC). CPM ads are the banners you see across the tops of webpages. You are billed a flat rate based on the number of times the ad is displayed. CPC ads are the paid advertising results you see on a Google search results page or in the side margin on a Facebook page. You pay for every click on your ad.
The larger the company, the more requirements and prerequisites they likely have in place. That’s not necessarily a bad thing. Even though you may need a newer computer, they may be offer health insurance and a full-time schedule. There’s always a trade-off. Know that more scheduling freedom and flexibility and less management oversight may mean lesser pay or no benefits.
How much will you make? I think my best month with Google AdSense was almost $5,000 over the last ten years. That amazing month blew my mind since it was actually near the beginning of my blogging journey. When you go from making zero to $5,000 in a month, that will rock your world. For me, it also got me even more excited because I knew there were other ways to monetize.
As a course developer and promoter, I can say that on the face of of it, promoting can be easier than developing one. The upside of development though, is that once it’s done, have to do is keep it updated and it can earn you money for years. That’s the case with my SEO copywriter training course, which I’ve been teaching (and earning from) since 2009.
You can earn above average rates of return because peer-to-peer lending eliminates the bank function. That means that you participate in nearly the entire interest rate being paid by the borrower, rather than the less than 1% that you will typically earn on certificates of deposit. And you can reduce your risk by investing in slices of hundreds of different loans.
Holly told me she started writing content in 2011. At the time, she still worked a full-time job but created content online part-time to supplement her income. Over time, she was able to double and triple her rates until she could quit her full-time job to write. These days, she makes bank as a freelance writer and teaches others to do the same via her online course, Earn More Writing.
Coming in at #6 is Multi-Level Marketing, also called MLM. This is one of the better known ways to make money online because it is promoted to death. This is a great option for those who want to grow and develop a sales team. Basically, the way MLM works, is you promote one product, but then you also build a team of people under you. A lot of people don’t like MLM, myself included, because it sort of mimics a pyramid scheme. If you’re not at the top of that pyramid, you’re not going to make a lot of money. But if you do get to the top of the pyramid, you will earn an income based on sales that everyone below you is making. This can really give you a good passive income stream.
Affiliate marketing is often touted as a "get rich quick scheme" by shady sites offering pyramid schemes that promise quick cash for little effort. Make no mistake—successful affiliate marketers like Pat Flynn of Smart Passive Income put in a lot of effort toward building an audience and creating quality content that will bring in sustainable passive income. Expect to do a lot of legwork up front—but if you play your cards right, you can build a solid source of revenue over time.
Etsy: While Etsy's popularity has declined recently, it's still a great resource for selling handmade items online. No need for complex ecommerce sites or merchant accounts or any sort of automation. The company takes a commission of every sale and charges a small listing fee per item. But many still use Etsy as their primary source of income. The best part is that you can also sell digital products on here such as poster designs.
For article marketing, you need to have a higher ranking in search engine results to be a credible source. There are many article submission websites like Ezine Articles. As a marketer, you submit your article and affiliate marketers republish your article. The marketer who published the original article gradually earns higher search engine rankings. For email marketing, affiliate marketers embed an email subscription option for website visitors.
Pro tip for first-timers: Carefully consider the pay rates that are listed. Penny Hoarder Carson Kohler has used the platform to find freelance writing gigs, and she reports low rates — like $3 for 500 written words. It’s probably not worth it. (And, yes, you’ll have to scroll through a whole lot of these low-paying listings to find the good ones.)
Merch by Amazon is another service offered by Amazon that will enable you to make money online without any initial outlay. To get started you need to create an account with Merch by Amazon. Then simply design some T-shirt logos or slogans, and upload them to your Merch account. You will need to choose a T-shirt type, color, and price, and Amazon will create product pages for each T-shirt. When someone makes a purchase, Amazon takes care of production and shipping. And you are paid a royalty for your design.
I love referral and affiliate marketing. It’s where the vast majority of my income comes from these days. Even if you aren’t a blogger, you can get in on the action as well. You can get paid to refer your friends to a wide variety of legitimate services. While there are many companies like StitchFix that will give you store credit for referrals, we are focusing on those that offer cold, hard cash today. Keep in mind, you will need to be signed up for the program yourself to take advantage of the program. But, you shouldn’t be referring people to things you don’t use anyway.
This next category is one of my favorites. And, it applies to almost everyone looking for a good side hustle. Why? Because it is something everyone should be doing regardless of whether they are looking for a little something to earn a few pennies during commercial breaks that requires minimal effort or they are looking to create a full-time income from home.
Video is growing like crazy. And more and more people are looking for professional help cutting their raw footage into viral-worthy content. If you have the right software and a bit of skill, you can easily make money online as a video editor. Check out these article of Fstoppers on how to become an online video editor and then look for relevant jobs on Mandy.com, Creative Cow Job Search, or ProductionHub.
You could also opt to use existing websites for making money. These include both active income and passive income methods. For example, you could sell some used items or invest in creating some digital designs that then can be sold on merchandise. Again, devote a sizable portion of your time to passive income so that you can slowly build up earnings that will arrive on autopilot without any extra added effort.
Purchase items in bulk and resell them for profit – An example of this is purchasing a bulk order of car chargers for a newly released cell phone. You can usually find a bulk manufacturer in places like China or some other asian countries. You can buy them by the hundreds or thousands and basically pay under $1 for each one, then resell them on Ebay for several dollars. You can still keep it cheap, maybe $5 for an iPhone charger, and if you only paid a dollar for that you’re making a $4 profit.
Harpreet is a founder & author at Digital Harpreet. He started DigitalHarpreet.Com from his own passion for learning and sharing tips & ideas on Blogging, WordPress, SEO, Digital & Affiliate Marketing & How to Make Money Online. He believes in creating a blog which is useful for the readers & provides them some value as well as fulfills their purpose.
When promoting a product, you are also promoting the person or organization that owns the product. This should be the first thing to know before selecting the product you are promoting. You surely don’t want your clients to be unhappy after purchasing the product. Trust me; they will never come back to your site again to purchase anything! This is because you have dented your credibility. Normally, any company or website with good customer service is bound to have happy customers.
Now, don’t just write one book and expect to earn a full-time income from that. What you want to do is write a series of books and start to gain a following. Whether you’re writing fiction or non-fiction, really try to keep everything within’ the same niche and within’ the same industry. Once you do that, you can start getting a following of people who are highly targeted and every time you come out with a new book, they’ll be ready to download it immediately. That can take some time, but gaining a following is the best way to grow a legitimate long-term and sustainable business.
Measure engagement and conversions. Calculate the number of times your emails are opened by customers. Also, measure how many visits to your site are generated by each email campaign. Evaluate how often an opened email converts into a sale. Determine the total revenue earned by each email campaign. Use this information to design future email campaigns.
But don't make the mistake of thinking this will be a passive source of income—you're on call whenever you have a guest and you'll always need to keep the place clean for incoming visitors. On top of just renting on Airbnb, consider offering your guests paid add-ons, like Lauren Gheysens', Royal Day Out in London, England—where she gives visitors a local's only tour of the city, complete with bespoke 18th century costumes.
Please note that some of the links below are affiliate links and at no additional cost to you, I will earn a commission. Know that I only recommend products, tools and learning resources I've personally used and believe are genuinely helpful, not because of the small commissions I make if you decide to purchase them. Most of all, I would never advocate for buying something that you can't afford or that you're not yet ready to implement.
Monetize a hobby. While some hobbies actually cost money, others can be transformed into a profitable business venture. Ultimately, it depends on what your hobby is and how talented you are. You could turn your love of photography, for example, into a part-time gig taking family portraits and wedding photos or selling prints on Etsy or at arts fairs.
Having several affiliates is not a guarantee of making money online. Studies show that a successful affiliate marketing campaign requires you to get the right collaborations that would drive traffic to your site. Whether these associates are big or small sites or even a combination of both, you must create and maintain strong relationships with the affiliates.