Do you want to make money online? Consider passive income. Do you want to work from home or wherever you happen to be? Let’s have a look at some strategies to follow in order to make money online that is both passive and sustainable.
This strategy entails monetizing your social media, website(s), and conducting affiliate marketing campaigns to promote products and services.
Guide to Monetize Social Media
- Picking a niche
- Business name
- Start a Website
- Monetize with Affiliate Links
- Choose social media platform(s)
- Start a Campaign
- Generate traffic
Picking a Niche
Choosing a niche for online marketing is essentially the process of identifying a certain market or interest. Assume you wanted to promote and sell T-shirts to a certain segment of the population. And you have a strong affection towards dogs, particularly Pugs. Your specialty is not simply dogs, but a specific breed of dog; those cute little Pugs. That would be classified as a niche market.
So, where would be a good place to begin? Any of the top three tier specialties is a safe bet. Health, wealth, or relationship. Start with one of these and, if necessary, continue to define your specialty as you progress.
Nothing here is set in stone. A simple idea is to choose a specialty in which you are interested, have experience, or are ready to study.
This does not exclude combining additional topics with selected specialization. Something like this, for example, may work.
Assume your specialty is in the “health” niche. That’s a fairly broad definition. However, it is broad enough to branch out into other niche-worthy topics. Like focusing on the Keto diet in the health niche, for an example. This topic alone offers a plethora of avenues to investigate in order to produce material that will be monetized.
The main principle for generating money online by monetizing your media is to produce genuine quality material on a consistent bases. As a result, you will begin to create a devoted audience that trusts you.
As a natural outcome, your followers will be more likely to click on your promotional “affiliate” links, resulting in greater conversion rates. And of course, more income will be created.
This is going to be the long game. It may take six months or longer to see significant benefits, but once you do, you are well on your way.
Keep an eye out for this pitfall. Many people appear to quit after around three months for one reason or another. Perhaps they become bored or do not notice enough progress within that period. Which is unfortunate since they are all getting closer to the point where their hard work will start to pay off. I mean, they’ll start to see a steady flow of cash rolling in. This is the beginning of your business’s success and proof that all you’re doing is working. So keep it up and be consistent. It will be well worth it!
Also if you need help in ideas or what is trending take a look at this free keyword search engine: Google Trends
In the next installment of the “Making Money Online” series, we’ll talk about company names, the necessity of creating a website, and domain names.