The above question comes from a place of concern from people looking to start up an online business, and I think it’s a valid question. So, yes, you’ve set up that blog or website, what next? What do you do to make sure you start reeling in cash as soon as possible?. I have got you covered. In this article, I will be discussing the different means in which you can make money with an online business. Here are some of the means:
You can make money from an online business:
If you are quite inquisitive about how most bloggers make their money online, then you should look no further. Google AdSense is a tool that allows the placement of Ads on websites and blogs with a reward in view for the owners of the blogs. You might have come across ads on blogs, these ads, in most cases are strategically placed by Google AdSense. You just have to make sure your blog generates a lot of traffic because you will reward according to the number of leads gotten from each ad.
So, it is important you update your blog frequently with content that has prospects of building traffic and also ensure you employ SEO tools to help your blog rank higher in the rankings. To activate Google AdSense on your blog, you just have to sign up, retrieve the code sent to you, and use it to activate the service on your blog; then you allow it to run its course, as you keep getting engagements on the ads posted on your blog, your income multiplies.
By Sponsored Posts
This is not so different from how Google AdSense operates, only that this is not automated as it via Google AdSense. Companies are always on the lookout for websites or blogs with massive followings and readership, so these brands plan to use the blog as a point of contact with the existing followers, by sharing contents that talks about the products and services they offer; they do that with the sole aim of generating leads for their business.
In the long run, the blogger gets paid for allowing the blog to be used for advertising. This is a common practice between bloggers and companies. The only twist here is that you don’t get such offers if your blog isn’t one that pulls traffic to a great extent. So, before you solicit for sponsorships, be patient enough to build your blog to the point where it is deserving of such juicy offers.
This is one means bloggers employ to make money that you won’t hear them blab about too often. Like the aforementioned mentioned means, it is only favorable for bloggers who have blogs that generate a ton of traffic. In such a case, they find a way to monetize the booming traffic on their blog, and what better to do that than to sell the leads to companies in search for it.
Basically what it means to sell leads is, to trade contact information of the visitors on your blog with the companies in need of it. Trust me, it is legal as these companies are solely concerned about resolving a problem that is usually talked about by the readers. Take, for instance, a blogger that has a blog that discusses “bodybuilding “ can decide to trade the contact information of readers that are in search of supplements with a company that produces supplements. It’s a win-win situation for all; the blogger gets paid, the readers finally get a solution to their problems and the company has used that medium to get more customers.
Most people that have online businesses are in search of experts that know their onions to guide them through every step of the way in their business. These people are called consultants – they are like mentors that actually get paid for mentorship. They have garnered experience and are seasoned professionals in their field; making them hotcakes that are being sought for. So, if you are someone like that, you can earn some cash by counseling people that are in the same line of business as you.
It is a lucrative business, you can earn thousands of dollars through this business; you just have to be concerned enough about your clients to teach them what actually works. People seek consultancy because it is more hands-on and practical – nothing unrealistic only tested and trusted strategies.
You may ask, How can those in need of consultancy find you? Well, there are some platforms that allow you to sign up for free, create a profile and connect yourself with those in need of such services. One of them is www.Clarity.FM
Creating A Marketplace
Someone can decide to create an online marketplace that serves as an avenue to connect buyers and sellers. The owner of this platform doesn’t earn by selling any product per she, instead, he/she earns by getting commission from those that have acquired shops on the eCommerce platform and also from the transactions being traded on the platform.
A perfect example of such platforms is eBay, Amazon, etc. As you can see today, these companies have grown to the extent where their shares are publicly traded and worth billions of dollars.
This is just another form of advertising. In this case, the blogger works with companies to help them sell their products and gets a commission for every sale actualized. Your pay is heavily dependent on the proceeds you make for them.
It is also dependent on the traffic generated on your blog because there is a high chance of you making enough sales if you have a large audience to patronize you. Before you hunt for these companies, be sure you have amassed a large audience on your blog, so you don’t look like a joke.
The opportunities available for those looking to earn money from their online business are endless. There are a number of ways online business owners make their money online; which I have tried to exhaust in this article. I hope you found this article helpful.