4 Things I Do to Make Good Money Online
Yes, you can make good money online.
That sounds really dumb to say and I hate saying it because that phrase alone sounds scammy as hell.
Anyone can make money online..
There isn’t a crazy system that you need to learn or a mystery that you need to solve.
Go on Pinterest and check out any big blog. Everything they do to make money is sitting right there in front of you.
It might seem so obvious to you that you don’t actually believe it. You might think that there is a secret that you are missing but there really isn’t. If you study enough success stories you can see the methods that they use.
In this post, I’m going to explain to you the 5 different ways I make money online and how I was able to achieve each one.
Who am I?
My name is Marybeth Santos and I studied online marketing for five years with my mentor, Paul Scrivens.
Together we created an online business that helped thousands of people make money from blogging and digital products. And we made multiple six figures a year doing it.
Now it’s my turn to do it all on my own.
Here’s a break down of what I’ve learned so you can learn how to make good money online, too.
How to Make Good Money Online
Before I dive into the 5 ways I make money online I want to talk to you about the most important aspect of making money online no matter what route you decide to take: building an audience.
If you can build an audience online then you have an easy road to making money.
This is a basic concept to understand. If you have an audience that pays attention to you, you can make money.
Remember that.
It’s the core concept of any audience whether it’s online or offline. Without an audience (clients, customers, members), you have no business.
The reason why is because there is a simple formula that every business and person must follow to make money.
Audience x Offer(s) = $$$$$$$
The problem is that many people just don’t know how to build an audience or don’t put any focus on building an audience. Instead, they concern themselves with blog themes, Twitter posts, and other small things that don’t move the needle.
One of the very first things that I teach my students is that you should create an offer (a simple digital product like an eBook) and then go for the audience.
You don’t need to complicate things. A successful online business can be just that simple.
If you can get traffic to your digital product, then the whole world begins to open up for you.
It’s great that some bloggers will tell you that you don’t need much traffic to make money and they aren’t wrong, but if you can get a lot of traffic everything becomes much easier for you.
The key is that by having an offer, you now have a chance to make money with every single person that you interact with.
Make It Easy With a Good Niche
Now, let’s address something else which is going to be bad news for some of you.
If you want to make money online then I’m not going to tell you to follow your passion. Instead, I advise you to do stuff that has been proven to work.
There really is no reason to try a different niche for your first blog.
I’ve spoken with people that want to know how to make money blogging about the topics they are most passionate about and they assume that they will do well simply because they believe other people love the topics as much as they do.
Wrong.
What people love are things that make their lives easier and better. Why do you think how to make money blogs, personal finance blogs, and health blogs do so well?
Don’t hesitate to start a blog in a big and popular niche. The audience is already established in those areas so it’s pretty silly to avoid them.
With that being said let’s dive into the ways that I make money online.
The 5 Ways That I Make Money Online
I’m going to surprise you here and say that one of the ways isn’t by creating content.
I create content on this blog (and this one where I talk specifically about how to write an ebook that makes money). I create tons of valuable content on my TikTok channel, too.
Nobody pays me to create content.
However, the whole reason why I can make money online is because of content creation so if you want to make money online I suggest you get started making your own content.
Blogging is a marketing platform. TikTok is a marketing platform. Fancy marketing people like to call it content marketing.
Creating content gives you the opportunity to build an audience which in turn gives you the chance to open up new revenue streams.
Get this straight, content creation opens the doors for a ton of opportunities for you. So when you see other people talk about the virtues of content creation, they aren’t talking about how awesome it is to write a piece of content or film a video.
In fact, one of the last things I want to do is sit down at a computer and write (tbh I do love making TikToks!).
They are talking about how content creation levels the playing field for individuals to be able to reach thousands or millions of people similar to a bigger company.
4 Ways to Make Money Good Money Online
Now that that’s out of the way, let’s talk about some ways that content creation can help you make good money online.
1. Ads
This one is specific to blogging, but there are lots of ways to use ads or sponsored posts with all types of content creation. This is the second easiest way from a technical standpoint to make money online because you don’t have to do much to get them set up. If you use one of the ad networks that I mentioned above then they actually do all of the work for you!
With blogging, you do need though is a shit ton of traffic for this to be effective. By this, I mean at least 50,000 page views before you even want to consider putting ads up on your site.
I don’t use ads on all of my blogs but the few that I do, I use AdThrive or Mediavine and both have been wonderful.
Now I know the question you are asking is how much money do I make for the amount of traffic that I get? I get paid every time an ad is shown on my site but you get fractions of a penny for each view. For this reason, ad dollars are measured in CPM.
This means that for every 1,000 page views I make $X amount of money.
So with AdThrive/Mediavine, depending on the niche and the quality of ads, the CPM fluctuates between $5 – $30 per 1,000 page views.
If I do 100,000 page views in a month (the minimum you need to apply to AdThrive) then I will make anywhere between $500 and $2,000 for that month. Again, it’s dependent on the topics that you write about.
Not bad, but not great considering the other ways that you can make money.
However, ads are the most passive way to make money online. Your only focus is to get people to continue to come to your site which can be challenging in its own right.
As an example, in May 2019, I did about $2,000 a month in ad revenue.
2. Affiliate Marketing
This is the easiest way to make money online from a technical standpoint because you don’t have to do anything but post a link on your site or social media channels.
That link points to a manufacturer of some product that will pay you every time someone purchases from them.
For example, if I run a car blog and I sign up for an affiliate program with a car parts shop, I can link the different car parts that I like on my blog and when people click on the link and purchase from the car parts shop I get a cut.
The commission that you get is totally dependent on the affiliate program. There is no status quo. I’ve seen percentages range from 4% to 90%.
However, making money with affiliate marketing is a lot harder than people present it. You might think that all you need to do is put a link on your site and then watch the money flow but that isn’t the case.
You have to do a lot of upfront work to convince your audience that they want/need a particular product. If you can’t do that then your links will just sit there unclicked.
3. eBooks
I love writing eBooks because you can make them as simple or as complicated as you want. The easiest way to make an ebook is to simply write it in some type of word processing application (Word, Pages, or Google Docs) and export it as a PDF.
There you go. You now have an eBook that the world will enjoy.
eBooks are a great starter product for many bloggers because everyone has the tools to create them.
Some people believe that your ebook has to be super long for it to be successful and I’ve seen 4-page ebooks do well and 200-page ebooks bomb.
It’s completely dependent on the subject matter and what problem you are trying to solve.
If you don’t even want to set up your own website you can use a tool like ConvertKit to get the whole sales funnel set up.
4. Online Courses (and other Digital Infoproducts)
This is one of the most lucrative ways to make money online when you have an audience.
To make $1,000 with ads (on a good ad network) you need to do between 70,000 – 250,000 page views a month (remember it depends on the niche). That’s a lot of people!
To make $1,000 with affiliate marketing you might need to sell a couple dozen/hundred items.
With online courses, you can make $1,000 by selling just a couple (dependent on price).
For example, some of my Digital infoproducts is $79. To make $1,000 a month I need to sell 13 a month.
That doesn’t require me getting 100,000 people to the site. Hopefully, it only requires less than 100.
Out of these 4 methods, online courses are both the most technically involved and the most time-consuming.
I love teaching people but I hate the process of making courses just because I like instant results.
Online courses take planning and time to get right. At least the good ones.
If you throw videos into the mix it takes even more time.
This takes hours and my throat always hurts when I’m done.
But again, I make most of my money from digital infoproducts, so the effort is worth it.
More Ways to Make Money Online
These aren’t the only ways to make money online. There are a ton of other options:
- Podcasting
- Dropshipping
- Ecommerce
- Offering services
- Freelance writing
Making good money online is not as difficult as it may seem. With a bit of creativity, research, and determination anyone can find a way to make money online. Whether it’s through freelancing, selling items, or even blog writing, there are plenty of ways to make money online – you just have to find the right one that works for you. With a little bit of effort and the right attitude, you can make good money online and achieve your financial goals.
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