People use the web for various activities, including entertainment, purchasing daily necessities, and making money online using money websites, which is the term used for websites that allow their users or owners to gain income.
With more than 1.8 billion websites online as of June 2021, those who look for a way to make a living from the internet can find an opportunity. But how exactly do you make money online using money websites?
In this article, we will look at nine real ways of earning income online, ranging from using third-party sites to making money with personal blogs and websites.
1. Monetize Blog with Affiliate Marketing
Affiliate marketing is a promotion method where a company pays a third party, called an affiliate, to promote their business. As an affiliate, you typically need to include links to the company’s product on your platforms and generate traffic and sales for them.
Content like a blog post is a great way to include affiliate links and grow passive income. However, your audience might avoid your blog if it looks like blatant promotional content. That is why it is vital to ensure that your content has a great value proposition before including affiliate links on it.
Make sure to join affiliate programs from companies or products that appeal to you and your target audience. Promoting irrelevant brands on your website can hurt your authority, and your audience is less likely to engage with your content.
2. Create an eCommerce Website and Sell Products
If you have products to sell, an eCommerce website can be your best solution to gaining more customers. Online shopping has gained popularity in the last decade, with around $4.28 trillion worth of sales generated in 2020 alone, and it is expected to keep growing in the coming years.
However, with the intense competition in the eCommerce industry, it is vital to ensure your online store has what it takes to stand out among its competitors. Make sure your website is simple and clutter-free. Don’t obscure your product pages behind unnecessary menus and pop-ups.
According to Oberlo, around 69% of online shopping carts are abandoned before reaching the checkout process. Therefore, create a convenient and intuitive checkout experience that doesn’t discourage potential customers from making purchases.
Building a good eCommerce website from scratch can be challenging. Fortunately, many WordPress online shop plugins can help you smoothen the entire process. Some are available for free, which is good for those who have just started their online business.
3. Sell Your Ad Space
Online marketing is one of the most popular promotion methods nowadays. Companies worldwide spent around $455 billion on digital advertising in the first quarter of 2021. The good news is that your website can be a good ad space for these businesses.
One of the ways to enable advertisements on your website is by signing up for Google Adsense. This online advertising platform will match ads to your site based on your content and visitors. Participating in Adsense is free, and you’ll earn from each click made on the ads.
Remember that your earnings will vary depending on several factors, including your site’s traffic, content type, location, and how much the advertiser paid for the ad.
However, make sure to consider user experience when placing ad spaces on your site. Avoid placing ads in places that may disrupt visitors from using your website. Keep your page clean and uncluttered by using the appropriate ad units that match your page’s content.
4. Write Sponsored Posts for Your Website
If you have a strong following or audience base, some brands might approach you to promote their products in your content. Around 90% of marketers believe influencer marketing is an effective way to promote their products, making them spend more on this marketing strategy.
Sponsored posts can come in the form of product reviews, listicles, or tips and tricks for your readers that mention the benefits of using the sponsored product. Since it is hard to avoid bias when writing this type of content, only accept sponsors from brands that you actually recommend for your audience.
Discuss with the brand and choose a topic that aligns with their marketing goals and your audience’s interests. Remember to always prioritize writing engaging content before thinking about how to plug the product into it.
5. Offer Services
Many professionals use their money websites to provide services for their clients. Using your own website to promote your services can bring many benefits compared to third-party marketplaces, like Fiverr or Upwork.
Accepting gigs on your website can give you total control over how you conduct your business. You are free to decide how much you want to charge for your services without having to share the profit with a third party.
You also don’t have to worry about being limited by algorithms and rules that may change at any time.
6. Start a Dropshipping Business for Raising Money
Dropshipping is a type of business where the store doesn’t make or stock its products. Instead, they partner with a third-party supplier who will produce and ship products directly to the customers. In other words, the dropshipper only needs to receive orders without communication with the buyers.
This is a popular business model due to its simplicity and convenience. Dropshippers don’t need to worry about inventory or shipping methods. It is also relatively easy to start with minimal upfront costs, making it a low-risk venture.
The key is to find a supplier that offers a dropshipping program which suits your preferences. Make sure they have an excellent reputation to avoid any errors during the fulfillment process. Don’t forget to choose products that have significant market potential and allow you to receive decent earnings.
7. Accept Donations by Using a Website
Many internet content creators accept donations from their audience – some even make it their main source of income. For example, most Twitch streamers make money mainly from subscriptions and donations from their viewers.
Streamers provide hours of entertainment and engage viewers by reading or answering questions from the chat. That is why even though Twitch streams are available for free, many people are willing to support their favorite creators financially.
Therefore, make sure your content is valuable and engaging to give your audience more reasons to support you. Websites like Buy Me a Coffee and Ko-fi can be an excellent platform to receive donations from audiences. Or install a payment gateway plugin like Stripe on your WordPress site to have more control over your income streams.
8. Monetize Your Website with Member-Only Content
Once your audience is enticed by your content, they may start to demand more. Some of them might be willing to pay to become members of your website and get exclusive content. This is a good opportunity for a stable stream of income from your loyal readers.
Patreon is an example of a platform that offers subscription management services for content creators or internet personalities. You are free to create multiple subscription tiers with different monthly prices. Typically, you would provide more content and advantages for high-tier members.
If you prefer to manage subscriptions on your website, use WordPress plugins such as WooCommerce Memberships or MemberPress. These require more technical expertise but come with more freedom to control your income from exclusive memberships.
9. Create and Sell Online Courses
Nowadays, many people seek to improve their personal qualities by learning new skills on the internet. If you have expertise in a specific field, why not share your knowledge with people who need it and gain more income?
Selling online courses can be a lucrative business. During the COVID-19 restrictions in 2020, the global eLearning market reached an estimated value of $250.8 billion and is projected to keep growing in the coming years.
There is various educational content to create depending on what skills you want to teach. For example, yoga courses work better in video format, while articles work best for writing courses. Some clients may also prefer live classes conducted via video meeting applications.
The internet can be a great tool to help you gain extra income. There are tons of monetizable tools and services available, and you can easily learn how to use them by doing a simple Google search. Some people even use these methods as their main source of income.
In this article, we have learned nine ways to make money online using money websites and other tools, including:
- Monetizing blogs with affiliate marketing
- Creating an eCommerce website
- Selling your ad space
- Writing sponsored posts
- Offering services
- Starting a dropshipping business
- Accepting donations
- Monetizing websites with member-only content
- Creating and selling online courses
Remember that there is no such thing as overnight money makers. Maintain your motivation and curiosity to make these methods into more profitable sources of income. The dynamic nature of the technology also requires you to constantly adapt to changes to stay relevant.
Follow the tips presented in this article, and start building your online gigs now!