Get a Website – Make Money Online

Posted on October 20, 2008 in Money Matters by little mochi

With times as tough as the recent economy, many people have turned to look for other ways to make money.  I have noticed that a lot of my friends have considered the “making money online” route.  It looks quite easy, actually.  You put up a site, stick some google Adsense to it, and wham!  You make a few bucks.  But it really isn’t as easy as it sounds.

What a lot of people don’t realize with this “online” business is that it’s a three part equation: Content, Monetization, and Marketing Plan.  If you are missing one of these three, you don’t have $$$.

Content.  Of the two, It’s the easiest to acquire.  Buy articles.  Build a forum site where your readers build content for you.    Or start a blog like the one you are reading (or go here to start one).  Or pay someone to put up a coupon exchange or textbook exchange site.  You get the point.  Getting content is easy.

Monetization.    There are numerous ways in which you can monetize your site.  If you own a blog, you can sell links.  Whether it’s a Blogroll link, or a link in your post, people are willing to pay you to link back to their site.  The cost can range for $5 a month to $50+ a month, depending on the type of link and the PR of the site.  The higher the PR, the more you’re probably going to pay.

google Adsense is always a popular option.  It’s also easy.  You just slap on your google code and when people click on your ads, you get paid.  But don’t be stupid about it – your account will get banned if you click on it yourself or if you ask your friends to click on it everyday.  They track your IP address to make sure your clicks are natural clicks.

Charge a fee for the priveledge to gain access to the information on your site.  If you have a site with a lot of good information, people will pay to get good information.

If you have a lot of knowledge in an  area, write a report and sell it on Craigslist (use their free traffic to your advantage) Ebay, Clickbank, or even Amazon if you can turn it into a digital “book”.  People are willing to pay for good information.

These are the most basic and most simple forms of monetization.  Keep in mind, however, that the site will not and can not make money if you don’t have anyone visiting your site.  Who’s going to buy your product or service?  Who is going to click on your ads?  Who is going to know that you’re selling links on your blog?  So how do you get people to “stumble” upon your site?

Marketing your site is the most important variable in the equation, in my opinion.  Even if you have have a great site, with lots of ways to make money, and it’s being marketed.  How do you even know that the marketing plan even works?

There are a plethora of ways to market and the way you chose may not work for your particular site.  If you have a site that is making money strictly on google Adsense alone, beware.  google’s algorithm may change tomorrow and the source of your “extra income” is gone.

Or if arbitrage is your game plan, beware.  The cost to purchase a keyword may increase so much that your profit margin may dwindle down to nothing.

Online marketing seems to change constantly.  That’s why it’s so important to stay abreast of the latest things going on in the ether world.  It’s also important to monetize your site in more than just one way.  The most important thing about marketing is to remember who your target audience is.  You don’t want to be wasting your time and money on marketing to the wrong crowd.

For more tips on marketing your website online and making passive income from it, visit this site: NetPassiveIncome.com



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