Since I earn part of my income online, I require an easy and reliable way to ensure that there will be money coming in every month. Sure I dabble in Adsense and sell private ads, but that has only brought me part of the way of where I need to be. To supplement my income I diversify as much as I can and nurture each income stream until they are producing a reasonable profit. What is considered a reasonable profit you ask? . First off its getting more out of it than what you put in, this means for every hour I spend working on a project, I expect to get paid at least for the time spent. In most cases this realized profit does not happen immediately, instead my financial rewards come months later or within a year. Sounds like a long to wait doesn’t it? Once you have enough projects under your belt that are making money, your income will be perpetual and this post is dedicated to showing you how to do it.
In order to build an income online its going to take some serious work on your part. If you believe making money online is easy and that anyone can do it, then you are in a fantasy land. Now that we got that out of the way we can begin. Making money online begins with a self assessment, determining which skills you have. I’ve put a list of things that I consider to be very valuable for those looking to make money online.
Which Skills Do You Have?
- Web Design
- Graphic Design
Which Traits Do You Have?
- Hard Working
- Willing To Learn
Yes, these things appear to be generic but they are essential to get the job done. So you think you have the majority of these things or perhaps you have them all, does that mean you are going to make money? Hell no, that’s just the beginning, you also need to have reliable knowledge to apply these things to. Without reliable knowledge, you will be like the vast majority of wannabe online income earners.
Reliable Knowledge Is Essential
Let’s talk about what constitutes reliable knowledge for a few moments so we are all on the same page. “Reliable Knowledge” refers to knowing the information that you are using to get to where you want to be is absolutely sound and solid. I bring the topic up about “Reliable Knowledge” because there is so much misinformation on the Internet that it has created a laberynth of dead ends for the majority who try to make an income online. Imagine that, there are hundreds of thousands of people who want to make money online and the majority are going about it blindly while those in the ”know” just sit back and rake in the cash. The message here is don’t put your time, effort and skills into anything online unless you know it will work.
So how do we distinguish what is reliable knowledge and what is not? Yes, that’s the million dollar question…I like to think that the successful folks develop a sixth sense for it. Picture someone wakes up and says, hey making money online sounds like a great way to make a living….and so their journey begins. They start visiting money making forums and blogs to find out the most lucrative ways as they start to build their arsenal of tactics. They do extensive “make money online” searches in their favourite search engine and take notes diligently. Then finally they put together a game plan and start executing what they think is the way to make money.
Global Domination Shortfall
Their Adsense pennies start to flow in and they are overjoyed as they continue their quest for complete global domination. Several months later they take a step back and look at all the work they have done and say “gee, I’ve barely made enough to fill my car up with gas, what am I doing wrong?” At this point they feel wiser and more focused and change their strategy only to end up in the same place time and time again. By this time, they believe making money online is either a myth or requires magical powers that only “John Chow” and a few other extremely blessed individuals have. Unfortunately for these people, they have wasted a large amount of time and resources using an uncomplete plan that lacked reliable knowledge.
Ok, all that sounds depressing and by now you think I’m an asshole for painting such a truthful picture of the majority of people who try to make money online, possibly even including yourself. Let’s change things up and talk about how I am making money to brighen things up a little.
How I Make Money
I make money online by providing something original to world, including this hybrid blog that features product, service and website reviews. Is my website the most original concept ever to hit the Internet, well not exactly, but since I believe in it and its making money….I think I will stick with it for now. So this website is just one of many that I have that are currently making money. How does it make money you ask? It makes money because of monetization and content synergy. What are these big words that I speak of? Monetization refers to how I make this website make money and content synergy refers to how everything I write here complements everything else on the website. Let’s take a closer look at the details so you understand and recognize the true diabolical nature of how I do business online.
For every article I write on this website, I already know its going to attract readers because of the content. Review websites tend to bring in new and repeat traffic, I know because I check my stats regularily. Did I know this before starting this website, not really, but I went with my hunch. OK, so I’ve chosen a website content theme that gravitates well with the masses and apparently search engines adore, so I’m off to a good start. Secondly, I ensured that this website is well monetized by adding in those pesky Adsense ads. Every page of this website displays ads in a tasteful, unobstructed way as to not overshadow the content.Â Since I get new and repeat visitors here daily, even if I did nothing else, this website would more than pay for itself through my Adsense ads which by the way…are clicked on by most visitors who come here.Â I’m not sure why my clickthrough is so high, I guess Google is really doing their job with these ads for content because they appear to be irrestible to visitors, they just keep clicking, clicking clicking. All those clicks put money in my account which encourages me to keep writing.
Paid Product, Service and Website Reviews
The second income stream here is paid reviews. People who have a product, service or website that want additional exposure for visit this website, they click on my Get Reviewed page, then they contact me to do a paid review for them. My prices vary for reviews, depending on the length, etc. My clients who choose to purchase a review get additional exposure and increased sales, I get paid and everyone is happy. Now that’s a fine piece of work if I do say so myself. The third income stream here involves affiliate programs, basically I write reviews about products that I like (but not until I’ve joined their affiliate program). Once again, folks looking to learn more about a product or service that I have written about visit my review article then click the affiliate link and make a purchase. I get my cut of 20% or more of the purchase price, customer gets their product andÂ everyone is happy once again.
So I’ve just shared how I have 3 distinct methods of making money off of this website that are as clear as day. Each one is reliable, profitable and completely do-able. As you can see, my methods are well thought out and are competely above board. Take my knowledge and use it for yourself if youÂ feel inspired to do so….But remember, the teacher doesn’t tell everything….