Freelancing - The first most basic way to make money online is by freelancing (in other words, getting paid to make websites for other people). It's the way I got started in this whole business. More and more people need websites on a daily basis, yet most people never even look into how to make a website at all. If they did, they would realize that putting up a basic website is a simple process that takes less than an hour total and requires no knowledge of coding at all. The very first lesson I teach on my website is the making of Mike Omar Websites (all my lessons are free video lessons that I recorded and put up on YouTube).
If you want to make money online, you need to learn how to make a website, plain and simple. Your first website project may as well be a website advertising your new website-making skills!
Google Adsense - This is the simplest monetization method for a passive income website. Basically, you put the Adsense code on your website, people click on the links, and you get paid for every click. Then you receive a check from Google at the end of the month depending on the number of clicks. Plain and simple (in my next newsletter I will explain the entire process behind how Google Adsense works and why Google is one of the richest and most powerful companies in the world).
This method USUALLY makes you the least amount of money of all passive monetization techniques (although in some cases it is the only viable option). That is why you make your initial monetization technique Adsense (to get a foundation eCPM with which to compare the rest of your results from testing).
Once you understand the process of keyword research and Search Engine Optimization, I show you how to make this Sample Passive Income website that is primarily monetized with Google Adsense.
Amazon Associates, Commission Junction, and Other Affiliate Programs -With these programs, you put an affiliate link on your website (this is a link pointing to another website with your tracking ID on it). Then if someone clicks on that link, whatever they buy from that site, you get a commission on (the tracking cookies vary in length, but it could be anything they buy in the next 24 hours to anything they buy in the next 30 days depending on the program). This method is a little more complicated to make money from, but if you do it right, you can do VERY well. This is because so many people go to whatever website from your affiliate link to buy that one product you recommended, but then they decide to do some extra shopping and buy a whole bunch of stuff. That means you get commission on THE ENTIRE PURCHASE!
This method works best for websites where you recommend and review products OR websites where your search engine traffic is highly targeted (i.e. you rank #1 for "toaster ovens" and your website is a bunch of toaster oven reviews with links to Amazon where they can buy them). It also works on blogs you have where you have a regular readership that trusts your opinion and you recommend specific products (using your affiliate link). Websites that are monetized with affiliate links make a KILLING during Christmas (my Amazon websites will make me more in November, December, and January than they do the rest of the year).
Informational Product Websites - These are websites where you sell your own downloadable product. This could be an ebook, software, a video series, or any other product. Basically if you are an expert in any field that people are looking for information on, you can put together an information product on it (and use whatever medium works best - for making money online, a video series works best). Then put up a website that tells people why the product you made has value. You can use something like PayPal to charge for your product and then redirect them to a download page after, so it is pretty much a hands-free operation.
There are several third party credit card processing companies you can use to do this (including PayPal), but I personally like to use ClickBank and this is why: ClickBank allows other people to become an affiliate for you very easily. This means that other people can send traffic to my website, and if that person buys a product, I give them a portion of the profit. I like to participate in this program for all my informational product websites and give affiliates a generous 50% commission. I like to participate in the affiliate program because even though I'm giving up half the profits, those are sales I wouldn't have had otherwise. It's a win-win.
On my website, in the more advanced lessons, I teach you the entire creation of this Sample Digital Product Sales Page website. My very first ebook website that I put up years ago was How to Become a Ticket Broker, and it continues to make me passive income to this day.
Membership Websites - Membership sites are probably the most complicated ones to start and become successful with, but if you can gain some momentum, these websites will make you the easiest and most consistent money out of any of them! This is basically a website where each member has to pay a monthly fee to gain access. If you charge $30/month to be a member of your website and you have 100 members, that's a steady $3,000 per month, and depending on the type of site you run, you may not have to do anything but maintenance (and you'd probably want to promote too, for more easy money...I mean members!). Include a forum within the website (not hard to do with a WordPress plugin) and some kind of service that keeps them wanting to stay members, and you're set - your new focus becomes getting more members while maintaining the site. And you can offer an affiliate program too so current members can send you new members that you wouldn't ha ve gotten otherwise.
Those are some of the most common ways of making money online that don't involve shipping a physical product (which is yet ANOTHER method of making money online!). The possibilities for making money online are truly endless.
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