THE 5 WAYS I MAKE MONEY ONLINE

What if I told you that one of the ways of making money is not by blogging …

No one pays me a kobo to blog.

However the reason why I can make money online is because of blogging.

Blogging is your marketing platform, some blogging pro’s prefer to call it content marketing

Blogging gives you a platform to build an audience which in return gives you grounds to open up new revenue streams. Every single way I make money online is connected to my blogging, but this is not me saying I make money by blogging.

Here are the 5 ways I make cash online


AD’s

This is basically one of the easiest ways from a technical point of view to make money online, reasons are you don’t have to do much work to set up. If you use a good ad network, they will actually do all the work for you. However what you would need is a whole lot of traffic for this to be effective. By this I mean at least 50,000 page views before you start putting ads on your blog.

Now I know the questions you would be asking is how much you can make from the amount of traffic I get. I get paid every time an ad is shown on my blog, but you get fractions of a dollar for every view for this reason ad dollars are measured in CPM.

This means that for every 1,000 page views, I can make $X amount of money, so with the ad network I use depending on the niche and quality of ads, the CPM fluctuates between $5 - $30 per 1,000 page views. If I do 100,000 page views in a month, then I will make anywhere around $500 - $2,000 for that month, again it depends on the topic or niche you write about.

Not bad, but not all that great considering the other ways you can make money. However ads are the most passive ways to make money online. Your only focus is to get people to continue to visit your blog or website.

Affiliate Marketing

This is the easiest way to make money online, because you don’t have to do any major work but only to post links on your blog or website, that link points to a manufacturer of any product that will pay you every time someone purchases from them.

For example; if I run a fashion blog and I sign up for an affiliate program with a fashion store, I can link the different clothes I like on my blog and when people click on the link and purchase from the fashion store, I get my commission.

However, making cash with affiliate marketing is harder than the way people portray it to be. Some think it’s all about just posting link and see the money flow in, but that’s not the case.

You have to do a lot of work to convince your audience that they need a particular product. If you can’t do that then your link goes to waste.

If you would like to learn more about affiliate marketing, then join our Digital Marketing Club Here

E-Books

I derive pleasure in writing e-books because you can make the as simple or as complicated as you like it. The simple way to publish an e-book is to write it on a word processing application (Microsoft word, Pages, Google Docs) and export it as PDF.

E-Books are great starter packs for most bloggers, because everyone has the tools to create them. Some people believe your E-book has to be very long for it to be successful and I have seen 5 pages e-book do very well. The whole catch is that its completely hinged on the subject matter and the problems you are trying to solve.

If you don’t want to set up your website or blog, you can go directly through Amazons Kindle Direct Publishing to reach millions of people instantly. Definitely you are dealing with a lot of competition, but I know authors that make over $20,000 a month with kindle books.

Online Course.

Once you have an audience, this is one of the most lucrative ways to make money online. To make $1,000 with ads (On a good ad network) you need to get between 70,000 – 250,000 page views a month (recap its dependent on niche) that’s a whole lot of people.

To make $1,000 with affiliate marketing, you need to sell a dozen or hundreds of products.

With online course you can make $1,000 by selling just a couple (Depending on price). This doesn’t require me getting like 100,000 people to my blog. Hopefully it only requires less than 100 people. Out of these 5 methods, online course are both the most technically involved and the most time consuming.

I like coaching people, but I dislike the process of making the course, because I like instant results, but all the same, I make most of my money from online courses, so the effort is worth it.

Membership site

Technically the Digital Marketing Club is a membership site that happens to have various courses in Digital Marketing and Information Technology as a whole. However most people think of membership site as having recurring monthly or quarterly fees. The Digital Marketing Club is a pay once and get a life time membership type of deal. Each of my sites bring in over N100,000 monthly. Membership sites can work in a number of ways, you can simply offer a forum, you might offer monthly video lessons, you can think of different things, but you must constantly give value to your audience.

Membership sites usually work best once you have an established audience to work with.

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