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Friday, July 10, 2020

Online Money Making Models

Online Money Making Models


There are many ways to make money on the internet these days. Everywhere in the world, businesses are going online in order to reach vast number of people, hence the need to advertise online. People also buy things online because it makes their life much easier.
Online advertising and online trading therefore have created the means for people to make money online. You too can get a share of the money and earn a living online.

I are going to show you seven ways to make money online. You can even combine any of the ways or all of them to increase your chances of making money online.

Affiliate Marketing

Affiliate marketing is a process in which a merchant gives a commission to an affiliate for promoting and generating a sale on behalf of the merchant. It works in such a way that the buyer is giving an agreed percentage for each sale an affiliate helps make.

An affiliate is giving a unique code to paste on his website and when people click on it and they buy something, the affiliate gets paid for helping to make that sale. Affiliate commissions range from about 4% to as high as 75%.

There are many affiliate companies to join to make affiliate commissions. Some of the affiliate companies are Amazon, ClickBank, Shareasale, Commission Junction, Jvzoo etc.

Its one of the best and easiest way to make money online cause you don’t need to own a product. All you need to do is promote for someone that owns a product and you get paid your agreed commission.
So you don’t have to worry about product creation or packaging or dealing with orders. The product owner does all these. You get paid just for getting buyers to them.

CPA Marketing Model

CPA marketing or Cost Per Action marketing is related to affiliate marketing but different in the sense that you get a commission for any action taken instead of a complete sales.

The CPA is mainly a more polished version of the traditional program that works hand in hand with the original. Actions like email submit, signing up to a website etc. are actions that you can make money from.

While in affiliate marketing you get commissions for sales made, in CPA marketing, the “action” can be just about anything, but usually consists of:
Filling out a form
Getting an estimate or quote
Signing up for a free trial, etc.

Many companies need emails of people to market to and an offer like email submit can give you up to $4 per email you help collect. When a reader on your website submit his email to get a free offer, you make money for that email submission. The reader does not have to buy anything.
There are many CPA companies to join like Ad2ads, Peerfly, Cupid Plc etc. 


Blogging for Ad Revenue



This is one of the simple ways to make money online. A blog is a website in reverse chronological order where you can write things you love or that you are interested in for people to read.

You can blog virtually about anything. News, politics, cooking, religion, love & sex, internet marketing etc.

All you need to do is have something you are interested in or have passion for and talk about it daily or weekly or anyhow you want to do. People will read and follow your blog.

You can monetize your blog with revenue sharing services like Google AdSense, ad dynamo ads, Open ad nation and other revenue sharing ads.

You can even sell your products, services or sell other peoples products on your blog to make money on your blog.


Sell Your Hobbies or Skills


You can sell your products like photographs on stock photography sites. If you are a photographer or it is just a hobby, you can sell your photographs to people who need them or sell on these stock photography sites.

Many photographers are making money this way and you don’t have to be a professional photographer to make money this way. Get a good camera and take beautiful scenery or pictures of people and sell online.


Creating an Online Community

This model works by having an online community like a forum or a membership site. You can create a place where people gather online to talk about their interest. You can create a forum for sport lovers or tech geeks or anything.

You can run banners on your community site on a cost per click (CPC) basis, a cost per thousand impressions (CPM) basis, or a cost per action (CPA) basis. You can also make money by charging monthly fees.

Other ways to monetize a community is from revenue sharing with Google AdSense or other revenue sharing companies. Sites like Warrior forum make money from charging for premium membership and also run ads. Nairaland for example also makes money from ads.


Freelancing

Another way to make money online is to offer your services starting from a fixed amount on sites like Fiverr. You can offer any service like portrait drawings, logo designs, link building, writing stories or designing eBook covers. Fiverr is one of the best sites for these kinds of services.

A lot of people are on this site making a lot of money from their skill or to offer anything people want. Join Fiverr or similar sites like gigbucks or seoclerk today and start making money.

What you make depends on your effort and how high in demand your services are. Learn more about making money with fiverr.


Info Product Business Model

Info product business model is also a good model of online marketing. Its a model where you create information products in eBook or video formats and sell it online.

You can write your eBook and sell it on your own created website or sales page. That means you have to create and host your sales page including dealing with orders and customers.

You can also write and sell your eBook on third party sites. Sites like ClickBank and Commission Junction (CJ) will help you sell your books. The companies have millions of affiliates who will help you sell your eBook.

You will have to create your book in Portable Digital Format (PDF) to sell as an eBook for it to be downloaded and read easily online.

Amazon also has a special format called kindle books which can be read on their Kindle devices. You can create your book in kindle book format and sell on Amazon to be read on their Kindle device.

Its a nice way to make money online while also helping people solve their problems. Learn more about How to create a product and sell it online.

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