In this article I’ll be answering the question most of you are dying to get an answer: “how to make money online?”. All these possibilities are currently being written about in my money business section. So let’s have a look.
Advertising
Most commonly used by people who just started out a website and want to monetize it. The only problem with this method is that it will take you a long time before those earning start representing something good to your eyes, especially if you decided to put them on a 2-3 pages website. Those run pretty well when you have hundred and hundred of page available with good content. Less than 100 will give you some earning, but not near 10$ except if you make extremely sure that they get really good ranking in search engine and you have promoted them a lot, which is, in my opinion, a lot of work for nothing. It’s better to write more content than to advertise too much.
Affiliates
Second option the webmasters goes for. When they see that some ads are doing really well on their websites, they will generally think about doing direct work with the product owner so he (the webmaster) can rentabilize his website even more. Affiliates are great because you help them save some money on advertising and you generally point your visitors to the right direction as most of them already went to this affiliates by the advertising methods you used previously.
Domain name selling/reselling
This area requires more money and especially more time. If you can spot website domain names which you think you’d be able to resell later on, you’d buy them and park them showing a selling page. The purpose of this selling page is to tell the visitors that this domain is for sale and if they are interested, they can contact you and tell you how much they would pay for. Then it’s up to you do decide if you accept the offer or not. Like I mentionned before, you’ll need patience for this because it’s not everyday that you’ll get prospect sending you offers for your domain name, but you can make a pretty good amount of cash for one sale.
Dropshipping
Since it’s a field I don’t know a lot about, here’s small parts of the Wikipedia definition.
Drop shipment or [drop shipping] is a type of retailing where the retailer does not keep goods in stock, but instead passes the customer’s order and shipment details to the wholesaler, who then dispatches the goods to the customer directly. The retailer makes their profit on the difference between the wholesale and retail price.
Some problems related to this kind of business
While it is true that the profits can be immense, the seller effectively has to rely on the goodwill and professionalism of the dropshipper (which is, more often than not, a company that the seller knows only through the Internet). Another complication involved in using dropshippers lies in the fact that reliable dropshippers already have many sellers working with them.
Link selling
Link selling is an interesting business. If you have a website were you have empty space, you could fill that space with links to other websites. Many webmaster might be interested in getting links pointing at their websites from other websites on the same topic. All you do is you ask for a small monthly price for them to be shown on your website. You ask a monthly fee because this is a one way link, not a link exchange. Thus, when you point to another website, you transfer some of your reputation onto it, and others things such as PR (if it has much importance to you). The good thing with link selling is that you can often get to link to websites on the same topic which is good for your website (they would be considered good-neighborhood) and you also generally have a stable source of income as those who buy from you are generally interested in a long term “relationship”.
Website selling/reselling
If you don’t have time anymore or you’d just like to go work on another project, this is a great solution. Generally, you can sell your website for a 12 months income. This mean that if for example your website make 400$ per month, you’d be able to sell it for (12×400$) 4 800$. This is generally a good estimation of how much you’d be able to sell your website for. But don’t think about selling websites if it hasn’t been online for a fair amount of time because the statistics you’ll provide won’t be representable. Nothing less than 6 months. You should also understand that when you sell a website, you sell everything with it: domain(s), hosting (depends), scripts, content, etc. People are generally looking for your website for it’s domain and the content because it will have been established for a good amount of time and they know they will have a good stream of visitors already coming back and forth.
This is also another good opportunity if you think you website isn’t marketed well and could make money to someone else. It happens that sometimes you have the skills to create a wonderful website which gets a great amount of visitors but none of them use your advertising or buy from your affiliates. This is a good time to sell it to someone else who might have the ability to. If you still want to keep it though because you think you can make it to work, then you could look for a marketer you could work with to increase that amount of sales.
Whether you simply want to put advertising on your website or sell it, you have to know that all this stuff requires a good amount of work. Money isn’t free and even though this is a cool business, you still get paid for your time. The more you’ll keep working on your website and learning about methods to earn more, the more your earning will rise. How to make money online is a question that always get a new answer as new kind of industries develop.
