The following is a guest blog post:
Do you wish that you were able to make money online? While it would be great to have a $25,000 monthly income; most people would be happy just making a couple extra grand a month online.
Making money online is not an easy task. It takes perseverance, passion, and having a plan. If you aren’t making at least $75 a day online, then you are doing something wrong. If you are relying solely on ad income to make money online then you are fighting a losing battle. Selling ads was a great way to make money in the 90’s but the game has changed since then. There is a lot more competition for ad income today. You need a battle tested plan that will help you make money online.
In my first few months of blogging I was making very little at all in the form of online income. I didn’t have any companies advertising on my site. My blog traffic was nonexistent and ad networks were paying me about $2 to $3 bucks a day. It took me about three months to figure out how to start making money online. It shouldn’t take you that long. I am going to show you a few ways that you can give a quick boost to your daily earnings.
Freelance Writing Gigs
I am sure that you already know about the power of guest posts. They can get your name out there and help bring traffic to your website. There are some posts that are better than guest posts. Those are paid posts. You get all of the benefits of a guest post and you get paid too.
You might be surprised to know that you can make a ton of dough writing online when you have a new blog. Major and minor sites alike both crave content on a day to day basis. They need someone to provide them with interesting posts that their readers would enjoy. Writing for other sites is great because:
(1) you can generate a cashflow while your blog is still young.
(2) you can get links to your site which brings in more traffic.
(3) you can increase your site’s ranking with high PR back links.
Writing on other websites quickly built my authority in my niche. My site started to get a lot more traffic from published articles in the New York Times, Forbes, Investopedia. I was then able to build a readership and start selling ad space directly to advertisers. My site Buy Like Buffett grew to become a very popular website where people would come to learn all about stocks and bonds. This gave me a market for my ebooks, newsletters and other products that my site’s readers would enjoy. A consistent blogging income quickly grew from a couple of writing jobs.
Now I have one site exclusively devoted to teaching people how to make money online.
Another great money making avenue is affiliate marketing. If you are reading Tyler Cruz’s blog, then you must know something about marketing and affiliate marketing is a great way to make cash on the Internet. Affiliate marketing is all about traffic. New blogs have a difficult time in the affiliate marketing game because they have so little traffic.
You can be a successful affiliate marketer with a small blog if you build up a large email list, Twitter account, and Facebook Group. You don’t have to add 100 new people a day to your list to have success. You can add 5 to 10 a day as long as you are consistently growing your list.
The biggest mistake that most new bloggers make is waiting to build an email list, start a Facebook Page or have a Twitter account. I let more than 2 years go by before I realized the potency of these products. I finally set up my email list and Twitter account just a few months ago and have been able to consistently grow them. I launched a Facebook Page with my newest site just a little while ago. Sometimes I think about all of the lost revenue potential by not capturing those readers emails.
You can learn from my mistake and start building up these lists from Day One. That way you will save yourself the trouble of scrambling to do it later. Imagine the power of your affiliate offers if you had an email list of 5,000 and a Twitter list of 10,000 targeted followers. If you just convert 4% of those users, you would have 600 affiliate sales. Social media allows you to be a successful affiliate marketer even with a new blog.
Who says that you should only build one blog at a time when you start your blogging career? Forget that advice. You can multiply your earnings power by starting a blog network from day one. Instead of waiting for one site to become a giant money making machine, you could develop 3 or 4 mini money makers at the same time.
One blog could cover a specific niche like pet training and another blog could cover a totally different niche like childcare. Your third blog could deal with SEO tips for new bloggers. All three blogs are completely unrelated so there is no overlap and they all increase your chances of finding a winning niche. You could start off each blog with 50 posts and spend the rest of your time promoting the sites.
You could build a nice chunk of income by compiling the income of all your sites into one big revenue stream. This way you can devote the majority of your time to your biggest moneymaker and have the other sites adding to your passive income.
These are just a few of the ways that you can make money online. My money strategy is that the first 180 days you should be making most of your money outside of your blog. After that your blog should be generating the majority of your income.
This is a post written by Mark Riddix. Mark is a blogger who specializes in Making Money Online and Investing. He blogs at Mark Riddix dot com and has recently written the ebook, How To Make $2,000 A Month Online.