I will be leading you through 5 hot ways to make money online in 2023. Many people have said that the online space is an untapped gold mine. The good part is that you don’t need a concession to begin your gold mining business online.
But, we all know that it is not all mining that is profitable. Spending time and efforts at a venture which does not convert is an exercise in futility.
That is why, I have researched, read and experienced the ways, people make money online and wants to share that with you.
The most exciting part of the online job space is that, you will still keep your main job, while make extra cash on part-time basis
You may also want to read on:3 ways to make money with adsterra ads
If you are ready, then come along with me as i guide you through the 5 hot ways to make money online in 2023.
Join An Affiliate Marketing Program
The first way to make money online is to start an affiliate marketing program. What is affiliate marketing you may ask?
Simplify put:”Affiliate marketing is a process where publishers earn a commission by promoting a product or service made by another retailer or advertiser using an affiliate link”.
Let us break it down with an example. Let us say, someone has a big store, where he sells clothes. Then you go to this guy and tell him, I will look for people to come and buy these clothes for you. Then he tells you, if you get someone to buy a cloth which cost $100, I will give you 5% of the cost as your reward.The 5% of the $100, which is $5.00 is your commission.
The good part is that, there are many people out there, who are looking for these items to buy. Your job is to look for these potential customers and lead them to these advertisers to make purchases and you will in turn make money in the process.
There are some advertisers who give as much as 30% to 40% as commissions to their affiliates partners for purchases made.
The advice is that you should only promote products/items that you have used before and trust that, buyers will get value for money when they make purchases.
It is believed that affiliate marketing is huge and new comers in the industry can make as much as $1000 per year, while those who are skilled in it can sometimes earn huge amounts up to $100,000+.
Affiliate marketing can be both physical and digital, but a great part of affiliate marketing takes place in the digital space.
How does one become an affiliate marketer?
To become an affiliate marketer, you register with an affiliate marketing company like Click bank, Alibaba.com, shopify among others.
You will be given an affiliate website like which is unique to you. You then place this unique link of yours in either blog posts,or promote it in your social media platforms like Instagram, YouTube, TiTTok, among others.
You can also run a pay per click campaigns like google ads among others. If some one clicks on your unique link and make a purchase, then that commission is credited to your account as your payment.
The following info-graphics gives a better description of how affiliate marketing is done.
Here are some other affiliate marketing companies for you to join.
Become An Influencer
The second way to make hot money online in 2023 is to become an influencer.
An according to influencermarketinghub.com, Influencers in social media are “people who have built a reputation for their knowledge and expertise on a specific topic”.
These are people who create content regularly in their area of specialization. They concentrate on one side of their specialty called niche and create content on it.
They seek to meet the needs of some group of people by addressing their “pain points”.
Influences’ who have up to 10,000 to 50,000 followers stands the chance of making up to $40,000 t0 over $100,000 annually.
It must be noted that the earning depends a myriad of factors.
The following info-graphics shows some of the social media platforms and the number of users they command.
As your brand grows, you will begin to court the attention of advertisers and sponsorships and that is how you will be making your money.
Also read:
4 sites that you can earn $100 with just one article.
It can be competitive in certain industries and one will need proper research to stay on top so as to attract the right sponsorships packages.
Start A Blog
The fourth way to make hot money online in 2023 is to stay a blog. It has been stated that over six million blog post are made in a day.
Despite that, bloggers who know their game earns between $20,000 and $50,000 yearly.
If you are someone, who like to express your views especially through writing, then you can start a blog in 2023 and make cool cash with it.
You will need to write on what you will like to talk bout called Niche.
You must also look for your target audience and create your content to meet their needs.
The most important part is that you must be consistent in your work. Visitors tend to go to sites that they believe they can get fresh content and updates.
Creating content is not just enough in blogging. You must apply what they called search engine optimizations (SEO) principles to stay in the business of blogging.
Once you do the right things and are consistent, then you can turn your blog to a money making venture.
You can put your affiliate marketing links in some of your blog posts and that will let people click on them and sometimes make purchases.
You can also give out spaces on your blog to advertisers in return for cash.
Finally you can monetize your blog with online advertisers like google and earn money through impressions or ads clicks.
How does one create a blog?
To create a blog, you must choose between free or self hosted blogs.
The free versions always come with limitations. However, a paid or self hosted one requires some monetary investment.
You will need to get a domain name and hosting to get your blog running. You will also need to get an SSL certificate, though some come free from your hosting company.
You will need to renew your hosting monthly or yearly and if your blog is making money, then that will not be a challenge at all.
Some of the hosting companies that you can get your domain name and hosting include: Hostinger, wordpress and go daddy. There may also be other local hosting companies in your country for you to start with.
Create A YouTube Channel
The last way to make hot money online in 2023 is through YouTube.
You might have watch a video or a number of videos online and this might be from a YouTube Channel.
Unlike, blogging where you need to get a domain name and hosting, You Tube is an already made enterprise.
To enter into YouTube, you must learn some public speaking lessons.
You must also be someone, who is gifted in story telling skills that will hold people spell bound into your Channel.
If you think, you have these skills and have a niche in mind, then you can jump to YouTube and start a YouTube Channel.
It is absolutely free and takes some few steps to create.
YouTube is huge and average YouTubers earn around $18 for every 1000 ad views.
They also earn around $5 for another 1000 video views.
What are the requirements for making money on YouTube?
To start making money on YouTube, you need to have a minimum of 1000 subscribers.
That is why, you will often hear them saying, “if you like this video, then click on the subscription button”.
If you get to that threshold, then you can join the You Tube partners program, where you can begin start making money from ads.
Once you get to a You Tube partner, you will get Google Adsense to start showing ads and you can begin to profit from it.
When you get adsense ads on your Channel, Google will need to verify certain things before.
How to verify your google adsense account to begin receiving payment?
You will first nee to verify your identity and finally your physical location.
It is the physical verification, that is difficult. You will give out a postal address to google. They will need to send a six digit code for you to verify your physical location.
Countries with poor addressing system do takes months for the code to arrive.
It took me close to four months to get my physical verification code. Others can get it in a month or two, though google says, it should take only two weeks to four weeks for your code to arrive.
You will have as many as 3 chances to change your address should the code delay
If you believe that your address is correct, you can always request for the code to be resent,every three weeks.
So, don’t delay any further. Look for one of the 5 hots ways to make money online in 2023 and make some hot money.
Have a nice day as you begin your journey in making money online in 2023.
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