Optimize Your Online Revenue with These Strategies
Combine the most effective online earning strategies and increase your income!
Combine the most effective online earning strategies and increase your income!
What is the most effective way to make money online? A thousand dollar question!
There are countless strategies to leverage online. You can partner with brands to promote their products or sell ad space on your website. You can market products and services as an exchange for a commission or even launch your own products and services.
While all these can be powerful ways to make money online, the real power lies within the “mix and match” approach: Choose a few strategies and combine them to create several online revenue streams that together become a steady stream of online income.
Create a website that generates income
Whether you want to focus on your own products or marketing collaborations, success starts from the same place: your own website.
So if you’re just starting out, start by setting up a solid, search engine optimized website and creating quality content there.
Quality content is what will attract people to your website and makes them come back over and over again. It’s like a reception desk that welcomes your visitors and guides them further.
If your reception is messy and unorganised, the visitors are more likely to turn on their heels and shop with your competitors. If your reception area is light and cosy – even if it’s small – it invites your visitors to spend more time there and ultimately helps you to sell ad space, your own services or your partner’s services.
Read more: Easy and Fun Ways to Improve SEO
Brand collaborations and affiliate marketing go hand in hand
Now that your website is ready for some serious money-making, let’s take a closer look at the right strategies and combinations to leverage that advantage.
For example, brand collaborations and affiliate marketing make a great match. For instance, if you have a blog that shares productivity tips for small businesses, you can create great, value-adding content to your audience by collaborating with a productivity software company. Brand collaborations create a solid base of income, especially when you forge long-lasting relationships with brands.
You can then top this income up with some affiliate marketing. You’ll recommend other products in the field for your followers and make a percentage of their purchases.
The upside with both options is that you get to choose the brands and partners that align with your topic and approach.
Read more: Avoid these common mistakes in brand collaborations
Make money through paid ads
Another easy source of passive revenue is placing paid ads to your website. This can be done in a carefree way through services like Google AdSense. All you have to do is to sign up for the service, and when you have steady traffic on your site, Google starts placing ads to your site.
You only need to attract your audience to your site and start collecting your wins.
However, with ads you have less control over your partners and the content of their advertising. This can lead to situations where your ad content is not perfectly aligned with your own content or your affiliate links for example, and it can confuse some of your followers.
It helps to place ads in a way that clearly separates them from the rest of your content. It’s always worthwhile to explain to your followers why and how the ads are selected and emphasize the fact that the ad revenue allows you to create quality content for free!
Read more: 5 ways to create engaging content quickly
Own products close the deal!
One more strategy to amplify your online revenue streams! Develop your own products and services and start selling them to your audience.
Your own product or service line can be seamlessly integrated to brand collaborations and affiliate deals, as long as they are not in direct competition with one another. The same goes for ads: pay attention to clarity and transparency and these strategies work together for you, not against you.
If the pure idea of creating your own service terrifies you,start with a tiny offer and automate it.
Combined with other online revenue streams, it will create a steady income!
Don’t forget this one easy and fun way to make money online!
And it doesn’t end here! There is one very easy and fun way to optimize your online income: participating in online surveys.
Surveyeah panelists get regular surveys that are tailored to you! Share your opinion and benefit from a variety of compensation options.
Photo © Volodymyr Hryshchenko, Unsplash