3 Ways to Generate Income Online
Working from home and making money online probably sounds pretty good to anyone that is currently working full time at a job they hate. If you are like how I was 5 years ago you probably have no idea where to get started and the world of online marketing seems like an industry with a barrier of entry so high that you can’t even see the top. The good news is that the barrier of entry really isn’t that high and there is still plenty of money to be made for anyone willing to put in the work. The bad news is that it’s hard work and you are going to have to put in plenty of time to learn the ins and outs of the industry.
There are tons of different ways to generate an income online but today we are going to talk about the 3 most popular, amateur friendly, methods.
Adsense: Adsense is a service owned by google. 95% of all ads you see on the internet are Adsense ads. Adsense acts as a middle man between people who want to advertise their business, and people who have a website to advertise on. All you have to do to get started with Adsense is head over to their website and sign up. Create an ad in the dashboard and copy and paste it onto your website. Whenever somebody clicks on one of the ads on your website you will earn some money. You can earn from .05$ all the way up to 20$ and more depending on the industry that your website is in. The amount of money you will earn for every click depends on how many people are bidding to be placed on your website. If you are in a very competitive industry such as attorney advice your CPC (cost per click) will be very high.
E- Commerce: Every big online vendor is an E-commerce store. Amazon, Walmart, Target all have e-commerce stores. Basically any online store that you purchase an actual product is an E-Commerce store. You can create an e-commerce store by creating a product or purchasing a product in bulk and selling it on your website. Many people go through bulk vendor market places like Alibaba to get started.
Affiliate marketing: Affiliate marketing is essentially a way to get a commission from a vendor for every sale you get them. Most E-Commerce websites have some sort of affiliate program. Some of the biggest affiliate marketing programs out there are Amazon and Walmart. They will pay you a small percentage of the total sale for every person that you send to their website through an affiliate link. An affiliate link is a unique link that an affiliate program will give you. It tracks all people that you send to their site and all purchases that are made through the link that you sent them. Typically, people will place an affiliate link in product reviews that they do. You can sign up to the Amazon affiliate program here.
Another aspect of affiliate marketing is Cost per action or CPA. With this method affiliate companies will pay for every lead that you generate for them. A lead could be something as simple as an e-mail or as complicated as a registration sign up with a background check completion. The income you can earn per lead can range greatly from .25$ up to thousands of dollars.
Each of these methods have their pros and their cons. The easiest and lowest barrier of entry method is definitely Affiliate marketing and Adsense. These two methods require minimal initial investment and are a great place to start for anyone that is new to the world of online marketing.