Share to Linkedin For many people, making money online would be an absolute dream come true.
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If they could find a way to make money with a website or some other online venture, they could quit their job to focus on entrepreneurship, spend more time with their family, and finally take back control of their time and their lives.
I have been doing it for nearly a decade now with my website Good Financial Cents. I also know thousands of other people who are earning money online their own way with websites, courses, or unique marketing strategies.
Like any business venture, your online income takes time to grow. You need to be willing to devote the time and energy required to get your idea off the ground, and you need grit to stick with it even if your journey is slow when you first start out. These ads are everywhere, and for good reason.
Not only are they easy to set up on any basic website, but they can be lucrative once your website starts bringing in a steady amount of traffic.
One of the cool things about Google AdSense is that it's so easy to get set up.
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If you have a blog or websiteyou can sign up for a free Google AdSense Account. From there, Google will give you a unique code that you will paste onto your website.
The concept of making money often gets a bad rap because people sometimes associate making money with get-rich-quick or pyramid schemes.
Google takes it from there, tracking your page views, traffic, and earnings on your behalf. There is no upkeep or maintenance to get this thing going, which makes it a no-brainer if you have a website already. How much will you make?
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That amazing month blew my mind since it was actually near the beginning of my blogging journey. For me, it also got me even more excited because I knew there were other ways to monetize. With affiliate marketing, connected option partner with brands and businesses within the content of your website.
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If you mention a product or service, you link to that produce or service using a unique affiliate code you received when you signed up for that particular affiliate program. In addition to signing up for individual affiliate programs, you can also sign up for an affiliate ad network that offers a ton of different affiliates in one place. Michelle has had so much success with affiliate marketing that she even has her own course called Making Sense of Affiliate Marketing.
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While Michelle works with a ton of affiliates in the financial services industry, one of her biggest affiliates is a blog hosting company called Bluehost. This just goes to show that you can make money with nearly any affiliate company or product if you know your audience and build up enough traffic to create sales.
My colleague Robert Farrington of The College Investor is a good example of someone who consulted online on the side in an unlikely industry.
From online poker to selling your collection of Beanie Babies, there are lots of popular get-rich-quick, money-making ideas that always pop up. Do they work?
Robert told me that, after he had been blogging for a few years, a couple of brands reached out to him to ask him for help with social media and online marketing. Robert said he did an average of of these gigs per year for a while depending on his schedule and the work involved. And remember, this was pay he was earning to advise people on the best ways to use social media tools like Facebook and Pinterest to grow their brands.
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This website lets anyone who wants to offer consulting set up a free profile. You can find online courses that teach anything from cooking to marketing or even freelance writing.
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Heck, I even offer my own course for financial advisors who want to take their businesses online— The Online Advisor Growth Formula. Most people set up their online course through a platform like Teachable.
In a bind? Need some fast cash? Some are easier than others, but nearly all require very little to no capital.
With Teachable, you can upload your course materials and use the platform to manage customers and accept payments. I have the Good Financial Cents podcast to go along with my blog, and I use that platform to find new sponsors and advertisers all the time. However, there are tons of people making a lot more than me on their podcasts.
The key to getting ahead with podcasting is finding your niche, growing an audience, and then finding ways to monetize and connect with sponsors. Websites like Create Space will let you upload and take your book to print without getting a formal publisher involved, and you can even get your book on How and on what people make money.
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Hogue has written several books he has published online to create an ongoing source of passive income. Not bad, huh?
If you think you could write a book people would want to buy, this is a smart strategy to consider since the start-up costs can be minimal and you probably already have a computer and word processing software anyway. While I used to have the website set up so I how and on what people make money sell these people life insurance myself, it was a lot of work to process all the different requests and clients.
As a result, I started selling the leads I gathered instead.