There are many ways to earn a passive income. One of the best ways is to build a website and then you can earn money from it. Making money from your website is an achievable concept with all the tools available to you in this day and age.
Having a part-time, hobby blog or website and turning it into an income-generating asset is common practice these days. With hard work you can make a lot of money.
Pick out the passive way you want to earn money, some are ongoing work so make sure you pick something that suits you. Making money from your website isn’t easy.
Already sounding like too much work you. Best to evaluate your long term goals. Affiliate marketing is not for everybody.
So Many Ways To Make Money!
There is so many ways to make money online it is mind boggling. As long as you dedicate enough time you will be able to turn the skills you learn in to a full time job.
Even if you decide websites are not for you. What you will learn can be transported over to becoming a SEO Manager very much in demand these days.
A freelance writer a job that is possible to while traveling around the world. All the jobs available online are available for you to work from where ever you are.
ESSENTIALS FOR YOUR WEBSITE
These are the essential things you need to get your website working properly.
- CMS (Content Management System)
They all work together to make the billion websites available on the internet.
- The domain is like the website address.
- The hosting is like the place where you store your files: images, text, and code.
- The CMS are the engine that runs everything and displays it to people so they can read it on their computer or smartphone.
Affiliate marketing is one of the best ways to make money from your website or blog.
Start by finding a product you like and would recommend.
Then on your website, you endorse the product and promote it to your website visitors and email subscribers.
If the product or service relates with these people, they’ll click on your affiliate link, thus buying the product.
Depending on who your affiliate links are, will depend on your commission structure.
The commission might be for example 30% of the product or service price, up to as high as 70%.
If the split is 50% and you promote an e-book that costs $100, you get $50. Get the jist of what I’m saying.
You build it they will come. This is true if you have nothing you will get nothing.
These are the reasons why I chose Affiliate Marketing:
- I don’t have to purchase any inventory
- I don’t have to ship products
- I don’t have to deal with customer service
- I get to write about the topics I think are interesting
- I get to write my opinion on my own domain
- Recurring sales and digital products can create passive income
- Sell Ad Space
- Sell Your Own Digital Product (E book)
Where can I find products to promote?
Commission junction – offers reliable products with on-time payments.
ShareASale – mostly clothes, accessories, and other offline goods.
Clickbank – high percentage payouts, but their’s a lack of GOOD products to promote
It’s a four-step process to earn money with affiliate marketing:
- Step 1: Make a website about something you like
- Step 2: Write articles about your topic
- Step 3: Link to products from companies like Amazon, Commission Junction or Clickbank
- Step 4: Earn money from sales
Pay Per Click Advertising ( Google Adsense)
AdSense, allows publishers which includes bloggers and other website owners like yourself to link into Google’s advertising network so that other advertisers can run ads on their website.
Google will place a simple code on your website that will identify the content of your site and start displaying relative advertising.
If your site is about yoga, Google AdSense will start showing your visitors ads for yoga related products.
You get paid each time someone clicks on the ad.
Your share may be anywhere from $0.50 to $5 per click.
When your site has enough traffic, you can make hundreds if not thousands of dollars each month.
How to apply for Google Adsense?
Apply for AdSense – Make sure you keep up with their latest Terms Of Service.
Google has very strict rules so it’s hard to get and stay approved.
I have written a post about Adsense in more depth recently.
I will leave a link.
Usually it’s quoted as a dollar amount per onethousand impressions.
You might see it as, $5 per (CPM). Let’s say your website gets 100,000 visits a month, that ad price translates into $500 dollars.
The good thing about this approach is that if your site gets a ton of traffic from different sources, your simple banner ad pricing can go up to as high as $5000 per month.
The best place to let people know your selling your space is a company called Buy Sell Ads
Sell Ad Space
Another way is to sell ad space directly from your website, name your price based on what you think it’s worth.
Get paid upfront at the start of the month a flat fee with no connection with a Cost Per Click such as Adsense.
The good thing about this approach is that if your site gets a ton of traffic from different sources, your simple ad price can go up to as high as $5000 per month.
Nothing to be sneezed at.
Build an ‘Email List’:
You will hear this many times the best way to build and earn revenue is through an email list.
The (ROI) is the best money spent. The objective is to build a list which converts in to revenue.
Easier said than done but no matter what essential in having a successful online business.
You must build this over a long term creating relationships with your follower.
Giving information or free help is a perfect way to start. Remember not to spam your customer if you wish to keep them for a long time.
You Will Need Help
The above information is for the person dipping their toes in to the online marketing world.
There is so many ways to derive an income.
I don’t want to overload you at this early stage of the learning curve.
I will be leaving links to my place of training if you wish to do so.
Remember it is a free service no credit card required for basic training and their is always an option of upgrading but you don’t have to.
I am also here to help you with all that i know.
I would love to hear your thoughts about this post or this site in general.
I will answer all the comments on my website personally so drop me a line below if you have any affiliate marketing questions or comments. I’m happy to help any way that I can.
Kind Regards Shane.