More and more people are trying to earn online – there are millions of new blogs, start ups and applications already and many more are being created each day! While there are so many people working online, only some of them are profitable ( I mean really profitable – not just making their living)!
In this article I wanted to scratch the surface about several well known, and not so well known, monetization techniques that you could implement in your own business. Even if you don’t have your own business blog yet – no problem, because even a simple understanding how other people earn online will be a great help to boost your confidence to start! Yes, online business can be very profitable if you follow certain rules to monetize your site!
consider that there are three categories of people venturing online:
1.Dreamers
Most people just complain about their life and keep reading success stories but don’t do anything on their own! Remember that dreaming will not make your goals a reality! These people may earn some money to survive, but nothing impressive, they’re just afraid or too lazy to actually start something. If you are there – don’t worry, you are stepping out from that reality to discover a new reality! This is how I started, because I didn’t want to accept the reality everybody else had! What’s the Secret? - Take action!
2. Average business (making a living)
Here I would rank fairly successful people, including freelancers who own blog businesses and share their thoughts and expertise to their established readership (50,000-100,000 unique visits per month). Most online businesses fall in this category, because the actual project idea is good, but there is something missing. Mostly it’s because such business owners are just hard working and have experienced in their own niche – be it design, web development, writing, but not so much in marketing, social media promotion or money management. They are just lacking motivation or expertise in some areas that are crucial for their business to grow. They probably don’t have enough money to hire people who could take on the tasks required to market a blog and take it to the next level. Most freelancers don’t have enough time to learn these new skills because they are doing everything themselves.
My answer to fix this – implement better monetizing techniques to earn more (the old saying goes ‘work smarter, not harder’) so you can afford to hire someone that has the knowledge and skills you may not! Another solution could be to change the vision – maybe you’re doing what everybody else is. Are you doing anything different, or unique,to grab more people’s attention?
3.Good, profitable business (enjoy living)
And then there is the third category where the business seems to have everything it needs – established team, great content, social media promotion, marketing and some classic monetization techniques implemented. Most people do not make it to this level of success and those that do often stop here because they don’t know how else to improve! I myself face this challenge and I’m slowly moving forward and making improvements. I was at this stage for close to a year and I considered myself highly successful. I was comfortable, and because I felt successful I didn’t actively seek ways to improve. I paid for this mistake – I lost a lot of loyal readers, who just saw the content wasn’t at the same level anymore.
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