How To Make Money Online – 10 best ways for doing it!

How to make money online – this question is one of the most important questions of beginner’s entrepreneurs or bloggers.

Basing on my almost five years of experience as an online entrepreneur, I’ll show you 10 ways to make money online – 9 established and very useful and one very “hot” and new – Google Affiliate Ads for bloggers.

Each of these points may be implemented successfully by you – it’s not black magic or something for “selected”.  Of course there is a lot of work with all of them, and at these days your online activities needs a lot of time and consistency (for example my first website about financial products needed almost 2 years to become profitable).

So, read carefully :)


10 points, how to make money online:

 

1. Showing Ads On Your Site

 

The easiest way for monetizing your blog or site is by advertising. There are a lot of possibilities of it, in almost every possible category and topic.

There is a lot of types of online advertisement. Some of them are mixture or different types.

Below you can find most common types of advertisement:

 

  1. PPC (Pay Per Click) advertisement

This method is very simple – you earn money, when someone click on ads on your site. Firstly of course you must sign in into one or more of ads networks. Most popular service provider for this type of ads is Google AdSense. It’s accessible for everyone, it’s easy to set up and start earning a lot of money. But in some business areas, there is to less of advertisers, and your earnings may be very little. In this case, you may choose, for example, Chitika instead.

 

  1. CPM, CPT (Cost Per Mille, Cost Per Thousand) advertisement

This type of advertisement is paid per impression. That means that the advert is paid pro thousand of impressions. Simplifying it – when CPM for ads on your site is 2$, and this ad will be shown on your website 50 000 times, you will earn 100$ (because 2$*50=100$)

 

  1. Banners (graphical) ads, text (or intext) links, video ads

Some ads networks are specialized in one type of medium. For example Google Adsense is contextual network, with almost all types of ads (at this time without intext ads). If you want to use intext ads on your side, Kontera is for you.

 

  1. Selling ad space directly to advertisers

When your site or blog has a big traffic, is in specific niche, or has great content, you may try to sell ad space by your own. Of course looking for someone, who want to advert directly on your site isn’t easy and quick job. It’s more engaging and time consuming. But on the other hand – it’s more profitable than participating in ads networks.

 

 2. Participating In Affiliate Marketing

 

This type of making money is accounted in CPA (Cost per Action) model. And action, in most cases, is defined as a sell.

That means you will earn money, when someone will buy product or order a service via your referral link or recommendation

Commissions may be very various, but most common is a percentage of the sale price. Standard is 5-10%, but for some products, commission is as high as 20-50%

 

Most profitable online niches are:

  1. Financial products (mortgages, loans, bank accounts, bank deposits, Forex accounts)
  2. Products related with making money online. It’s very wide niche. We can find here hosting providers (for example Hostgator or  Bluehost), tools for keyword research, like Market Samurai or Traffic Travis, or other plugins and tools related with this topic
  3. Products and services for health and beauty (tutorials, diets, exercises, pills :) etc.)
  4. Products and services in tourism branch (hotel and fly reservations, trips, car rental services)
  5. XXX branch

Below you can find 3 services, with a lot of affiliates programs for you:

Clickbank

Commision Junction

Amazon Associates

3. Selling Online Your Own Product

 

Instead of marketing someone else’s products, services or websites, you can earn money selling your own product. In most cases it’s more profitable for you, than showing advertises or even selling someone’s products. But of course there is also the other side of the coin – you must spend time not only on promoting, but also on preparing, updating and supporting your product or service.

If you have no ideas, what could be your product, below you can find some most popular “self-made” product ideas:

  1. Books and ebooks
  2. Photos, graphics and videos (you can sell them for example on Fotolia or on Istockphoto)
  3. Tutorials and guides about specific topics
  4. Applications for PCs, iPhones, tablets, etc.
  5. Tools, plugins and themes for WordPress

 

4. Mini Sites (also called Niche Sites)

 

For some money makers this is the most important stream of their incomes. They set up tens or hundreds of mini sites, advertise them, and are earning a lot of money from them. Earnings from single site are very small – it may be for example one dollar a day. But if you have for example 200 of minisites, you earn about 200 $ a day. Monthly it’s 6 000$ – it’s not to be sneezed at!

And some of niche sites may grow big and earn alone hundreds of dollars. If you are interested in this topic, please visit this site (owned by Pat Flynn) about Niche Site Duel

 

 5. Making Paid Reviews Of Other Products Or Websites

 

If you are a good writer and like preparing reviews of products or other things, you may try to make it for money!

In most cases, amount of money you will get in exchange for your review, depends on 4 factors:

-areas of interest of your blog

-reviewed product or service

-traffic on your blog (more the better)

-your possibility to write interesting and reliable reviews

 

There is a lot of websites, where you can find as well advertisers as bloggers, some of them you can find below:

SponsoredReviews.com

Reviewme.com

PayPerPost.com

 

 6. Be Online Consultant

 

If you have an established opinion as an Expert in your field, you can stay Online Consultant. Of course you must have very good reputation in your area, and have some teaching skills. You will be paid for consultation, which means people will pay you for your extraordinary knowledge and creative ideas. Most often online consultants are paid per hours (between 10$ and 100$), but most recognized experts will charge you even 1 000$ pro one hour!

I don’t recommend this method, if you are a beginner blogger, specialist or entrepreneur. But if you want to try it, you must start building your credibility and reputation as soon as possible!

 

7. Preparing Paid Membership Site

 

It’s very similar way of earning money online to being online consultant – it’s basing on your (or someone else, who prepaid excellent material for your site) reputation and knowledge.

But as opposed to be online consultant, you share your knowledge and experience with more than one man at one time. What’s more, you produce almost all material for your members before starting this type of website.

Of course there are a lot of other differences – most important of them is price! Fees for accessing membership site are almost always fewer, than fees for hiring online consultant. And for this reason, membership sites must have many more customers, than online consultants

 

8. Selling Websites Or Domains

 

Some online entrepreneurs make a lot of money only by buying and selling websites or domains. They are looking for expired domains or underestimated websites, they are buying them, looking for someone who needs it, and they are selling it with profit. Most popular marketplace for doing it for existing websites is Flippa. For expired domains you can visit for example GoDaddy.com or Domains.com

 

9. Monetizing Your Email List

 

If you have thousands (or well-targeted hundreds) of subscribers on your email list, you can try to monetize it. Lot of companies, small businesses and even bloggers live basing on their email list.

How you can make money with it? You can for example:

  1. send sponsored email or newsletter
  2. send paid review of some products or websites to your subscribers
  3. prepare your own article with affiliate links and send it to your readers
  4. send info about your new, hot product

There is a lot of other ways of monetizing your email list, but there is also one, and only one thing, you should never send to your subscribers – SPAM!

 

 10. Google Affiliate Ads for bloggers

 

Some days ago appeared new way of earning money for bloggers – it’s Google Affiliate ads for bloggers. This possibility at this time is only for US bloggers, which are blogging on Blogger.com

To get started earning money with this program, you need only active AdSense account, and active blog on Blogger. If your blog category is adequate for advertisers, a new widget “Advertiser Products” will appear on your Earning Tab, where you can choose proper affiliate ad.

It can be text link, banner or even product image. More about it you can read here.

Unfortunatelly I’m not US blogger, so I couldn’t tell you, if it’s profitable or not.

 

There is only one more thing, which you must know before putting some points from the list into live – there is no passive income at all, and earning money without a lot of work is, in most cases, impossible. So, don’t be lazy and go blogging!

And what are your favorite ways to make money online? Please share them with us!

Disclosure – please note, that some of the links above are affiliate links and I earn a commission, when you buy something via them.

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30 Responses to “How To Make Money Online – 10 best ways for doing it!”

  1. October 4, 2013 at 8:17 pm #

    Hi Chris,

    I have read many articles on this topic, but your tips are really nice. If someone is able to follow 50% of your tips , he will make money for sure. Nice buddy. Keep sharing

  2. July 13, 2013 at 10:42 pm #


    Twitter:
    Hi,

    There is a lot of programs to make money online, Thanks for sharing this list. I didn’t about Google Affiliate Ads for bloggers program, hopefully it will be expanded to other platforms.
    qasim recommend you to read:Make Money online with PostJointMy Profile

    • July 23, 2013 at 1:00 pm #


      Twitter:
      Thanks for sharing all these great ways of money making.. I totally agree with Qasim about online money making programs.
      You can also make money with reading online emails. But Google Affiliate Ads only for bloggers program. It doesn’t make any sense till yet!
      Is there any chance available to expand this program with all other formats??
      Waiting for your precious reply!
      Vivek Jain recommend you to read:5 Mind Blowing Websites to Earn Money by Reading Emails OnlineMy Profile

  3. May 21, 2013 at 2:06 am #


    Twitter:
    I’m trying to get my traffic up to 800-1,000 unique visitors a day. Then I will monetize. It’s coming. I hope blogging is not seasonal. I plan to write more this summer and promote, promote, promote. I’m expecting that growth explosion. Don’t you just love the eagerness of a newbie. lol! I am so glad I had no idea of how much work it takes when I started blogging.
    Jennifer Cunningham recommend you to read:3 Quick Ways to Overcome Writer’s BlockMy Profile

  4. April 10, 2013 at 3:37 am #


    Twitter:
    Well put Chris,
    I think giving out some extra values for your readers and selling a related product is the best idea.
    Right?
    Amal Rafeeq recommend you to read:Calling All Readers In : Help Me Win The Guest Blogging ContestMy Profile

  5. Deepak Kr. Das
    February 8, 2013 at 5:34 pm #

    I think paid tweets, data entry or Squiddo’s Amazon model can also be a good source of online income, but there is no such thing called, free lunch exists. Thanks for sharing such a nice and knowledgable article.

  6. veronique
    January 31, 2013 at 5:24 pm #

    I think the best way to earn money online for me is by doing surveys and offers.I am able to earn quite a good income with this site alone so try it out if you want:)

  7. January 13, 2013 at 4:44 am #


    Twitter:
    These are all great ideas. I haven’t ever really thought about online consulting. I think that I’ll give that a try. Thanks for the motivation.

  8. Michael
    January 8, 2013 at 5:05 pm #

    You have describe some very nice and interesting ways of earning money online. I am exploring new ones and hopefully to earn well in the future.

  9. December 20, 2012 at 7:49 am #

    This is nice Chris. You really have provided the best ways to make money online. I know every method is effective. Glad I’ve found this blog.

  10. Mukesh Dutta
    October 31, 2012 at 5:39 am #

    Great options to make make money online. Thanks for sharing them!
    Mukesh Dutta recommend you to read:Online Business Of Customized Goods – An Idea & The ExampleMy Profile

  11. October 13, 2012 at 7:48 pm #


    Twitter:
    Hi Chris, I’ve definitely found this post helpful! Especially monetizing your list & becoming an Online Consultant, sometimes we as entrepreneurs can underestimate ourselves whenever it comes down to really making the money because we really don’t feel like we’re good enough or we feel like we don’t know enough.

    But it’s just as you mentioned here don’t offer to do something that you know you cannot do instead go with the knowledge & skills that you already have, offer your services in that field & build a business from it.

    Thanks for sharing my friend…
    Toshiba Burton recommend you to read:The Strong Aggressive Power Behind Building Your Own ListMy Profile

  12. October 11, 2012 at 9:38 pm #


    Twitter:
    So many ways to earn money. I wish I could use Kontrera. It is not against AdSense? I noticed that when I had infolinks, I no longer received paid reviews from Sponsored reviews, Review Me, and other sites.

    What are your thoughts on these? Thanks.
    Jena Isle recommend you to read:By: Susan CooperMy Profile

  13. Amir
    September 13, 2012 at 1:37 pm #

    The above methods are effective and profitable, but most of them require spending a lot of time and efforts. I had a good experience with a system that allows you to earn some extra money without spending a lot of time and efforts. check the below link to find out how this system is working: http://tinyurl.com/cggr7bw

  14. Santosh Mishra
    August 29, 2012 at 11:45 am #

    Making money on Internet may become a good idea, really. There are various advertising networks become helpful to you earning money online.
    Santosh Mishra recommend you to read:3 Best Ways to Earn Money with Your BlogMy Profile

  15. Internet Marketing Strategies
    August 16, 2012 at 3:21 pm #

    The first and second ways are always the easiest ways to make money online, but selling your own product is the most profitable among them. You will receive almost 100% of the revenue that you earned from your products. Anyway, beginners should start with PPC and affiliate marketing before trying out the harder methods!
    Internet Marketing Strategies recommend you to read:Affiliate Marketing in Enhancing Marketing StrategyMy Profile

  16. May 31, 2012 at 10:31 am #


    Twitter:
    These are really positive ways of making money from website. Does Google affiliate ad works for WordPress users?
    Ehsan recommend you to read:Why and How To Treat Your Blog Like a Social Networking BlogMy Profile

    • May 31, 2012 at 2:59 pm #


      Twitter:
      Hi Ehsan, it works only for US bloggers on Blogger.com

  17. May 31, 2012 at 7:46 am #


    Twitter:
    Hi Chris,
    thanks for sharing all these good ways to make money online.

    As per CPM advertisement,
    here you find a list of popular CPM networks for advertisers :
    - BURST Media ;
    - Casale Media ;
    - Value Click ;
    - TribalFusion ;
    - Right Media .

    Enjoy! :-)
    Erik Emanuelli recommend you to read:Make Money with web advertisementsMy Profile

    • May 31, 2012 at 2:57 pm #


      Twitter:
      Hi Erik,
      thanks for the list, I must try some of these networks!,
      BR, Chris

    • February 21, 2013 at 7:12 pm #


      Twitter:
      Hey Eric, which network do you recommend to join among these?

      Best, Anup
      Anup Kayastha recommend you to read:7 Bad Signs That Predicts You Will Not Make Money BloggingMy Profile

      • Erik
        February 22, 2013 at 8:22 am #


        Twitter:
        Anup,
        it really depends on the number of pageviews of your website.
        Many of the networks I mentioned have stricly rules while accepting publishers in their network.
        I think you should check your stats and then see which one can accept you.
        And then test. ;-)

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