Having stayed at home for many days over the year 2020, I know that most of us would have looked at online means of making money. If you have done some research, then you would have seen that so many people are realizing their dreams online, have stopped going in for daily commutes to work, and have managed to create a life for themselves by working at home.
If you are here, it is because you want to learn more about this and what you can do to also start earning some money through these online sources. You may be a writer who wants to get paid per project or a college graduate who wants to make some money online, no matter who you are, just know that you are in the right place to learn about this.
Let me start off by saying this, there are many ways to make money through online methods and not all of them are great or worthwhile. Some schemes are out there to milk money out of you while others are just not worth doing for the amount you will be earning.
As a writer, there are so many bad methods that are being taught online as the “correct” way of doing things when in fact, they don’t pay that well and are highly saturated methods that all other writers are also doing.
What I am going to go through in this article way is the “real” way of making money as a writer. You will need to put in some work and you won’t see results in the early game, but you can start earning some serious dough in the long-run. The perfect result is when you are able to hire your own writers to continue writing/doing your work for you while still making money for yourself. That is how rich people do it, and that is the best place to find yourself in.
Below, I have created a comprehensive article with all the information and tools that you would need to get started on this journey. Buckle up and get ready to learn some knowledge!
Let’s talk about the wrong way of making money
If you go online and research “methods to make money online as a writer”, I will guarantee that 90% of the results will follow the “freelance writer” method which works as follows:
- You sign up with a freelance website such as Fiverr or Upwork and create a profile with all your details. This will include your skills, credentials, languages, writing ability, charge rates, completion time, and so on.
- Your profile will be submitted to the website and now you have to wait on the platform and try to find a job or wait for someone to contact you to do a particular job. You wait for days, and then a few weeks, but nothing happens and you aren’t getting anywhere.
- You log back on to the site and go exploring. You realize that there are thousands of other writers just like you, with profiles similar to yours, and others that have verified profiles who are more likely to get any job when compared to your profile. These freelancers have many positive ratings and jobs completed, so any prospecting employers are directly going to go to them.
- You then try lowering your rates below the average and start signing up on other platforms hoping to start getting a few jobs. In desperation, you may get the help of a friend or family member to create an employer profile and award you a job and then rate your profile five stars.
- Now, you may probably get one or two jobs/week and you are stuck getting paid meager sums in return for spending long amounts of time doing them.
Does this seem like the ideal living situation you envisioned for yourself? Do you really want to keep spending so many hours making a little extra money every month? Now, this is not to say that the money you’re making is not worth it, but I am sure you could be earning much more with other methods.
The problem here is that you need to do all the work yourself and to earn more money, you need to keep working on different projects. There are only 24 hours in a day. Do you really have enough time to do all the jobs you could to make as much money as you want to?
No. And this is why this approach will stagnate and not become scalable. There will come a point where you will either burn out or stop making as much money as you should. And to add insult to injury, you will also now be facing massive amounts of competition from other writers also trying to get the same jobs.
As more people try to find more jobs and fall into this method, the more people from all over the world compete with each other to get them. Trying to get your profile to be noticed and start getting jobs on a freelance platform now is almost impossible. Most of the competition out there tends to undercut the others by a lot as well in order to get some money, but can you really afford to keep lowering your rates to match that as well? Probably not.
So is there really a more scalable method of writing that you can use to generate that income? Yes, there is and this is it…
The “real” method to making money online as a writer
Okay to help you understand this well, let’s think of it this way. All those people who enlisted your services on the freelance platform are using those articles for something right? Why else would they be paying you your charges to write them?
They know that the article you are going to write for them has the ability to make back a larger amount or are going to help in some way to make them money. They are the people you should aim to be because they are getting others to do the work for them while simultaneously managing their business and making that passive income through the monetization of their websites/blogs.
Think about it this way, you get paid only once for the article that you wrote. However, if they were to upload it online on a website where multiple users come every day, then they will be getting paid time and time again for the article that you had written yourself.
So, how are they able to make money off these articles?
For the most part, they will probably own a blog/website to upload these articles on. They will have their ways of bringing traffic to the website through Google, social media, and other means. You can do this through search engine optimization which is organic and free traffic, or try paid methods such as Google ads and Facebook ads.
The amount of traffic that you get will depend on your marketing strategies, the industry you are in, as well as how good your website and its content are. Some may get as little as a hundred visits per month while others may go into the tens of thousands. Either way, you can be sure they have their ways of making money off of this traffic. The other thing to note is that these websites will never have their own products or services to sell either.
How is it possible to make money without selling something?
Yes. of course and this is where affiliate marketing comes into play. You earn money by referring your website traffic to other products and services that they may be interested in and sending them to that product link through your website and content. Once they make a purchase, you will be paid a commission for the sale.
Let’s take an example – Say you are running a blog based on health and fitness. You get a writer to write an article for you that promotes a particular health benefit of a product such as jump ropes. The writer will place your affiliate links in the article. Then when people who read the article click on one of these links and make a purchase of jump ropes, you will be paid a commission for it.
The more people who read this article and purchase through the link, the more money you will be earning, whereas the writer will only get paid once for the initial article. Sure, you won’t make huge amounts of money with one sale, but as you are constantly getting traffic over many months, you will easily cover the cost of that one article you paid the writer for and make many times that amount.
Let’s look at an example for a digital product. In this case, you will be selling something like online courses that another course creator has completed and is becoming popular. You can research the topic, find the best article to write that can compel readers to purchase the course and repeat the same thing as above. The difference with digital products is that the money you can earn is much higher because many course owners are willing to pay over $100 per customer that you bring to them.
Just think about that for a second and look at it from your own point of view. You are spending ages writing an article which would make you around $15 to $30 whereas the person you are writing the article for is making tens of times more than that while doing much less work than you are doing.
And yes, this can seem unfair to us. But, in reality, this is how the world works and it is how any business typically operates. It is not always the hardest working that makes the most money. This is what you need to understand about modern business:
- You use money as a means of getting others to do the work for you.
- You focus more on the long-term and not what’s happening right now. Yes, you will be losing money by paying these writers, but you should be thinking about how this investment will make more money in the future and not how much you are losing now.
To make some real money you need to embrace the business owner mindset and not the employee mindset. You should be willing to take risks and spend money now to make money later. Right now, you are stuck in the need to make on a daily basis and so are stuck thinking short-term, which is why you aren’t able to make a large amount of money for yourself.
Now it is up to you
Now that you have this information, it is up to you to decide what you want to do with it. Do you want to continue being an employee making small amounts of money every time, or become a business owner who will reap the benefits in the future?
You may have other issues that are stopping you from doing this. For example, let’s take the fact that you may not have enough money to hire your own writers. Well, this is not an excuse to back down. There is always another method you can use to continue with this form of business.
You can start off by writing your own content yourself. You just continue doing the same thing you were doing for the people you were writing for, but for yourself. Of course, you still need to be making money while doing this, so my advice would be to reduce the amount you write for others and save some time to write articles for your website too.
Over some time, you will have enough content to keep posting and earning some commissions. You can then reinvest some of these profits into writers to keep writing more articles for you and then keep the cycle going. Just remember, these articles will keep making money for you as long as you have traffic coming on to the website and it is still relevant to them.
You need to understand that this strategy is for the long-run. You shouldn’t give up within the first couple of months if you don’t see any results. Some affiliate businesses may not even pay you until a certain amount of time has passed, say 60 days, because they need to ensure that your customers’ sales are final.
Let’s look at another problem – Not knowing how to build and manage a website. Well, I am here to tell you that you don’t need to know anything about this and you don’t really need to go deep into learning about it. Just follow the steps I am going to detail below and you will have your own affiliate marketing strategy ready for when you need your website.
- You need to identify a topic that you can write about so that you can write useful and relevant information about it. This could be something you are interested in or are very knowledgeable about.
- You have to identify who your target market is, find out the problems/questions they have about your topic, and then draft answers for these that you can upload to your blog.
When you identify the need that your audience has, then it becomes easy to match that need with the product or service you are trying to sell. You are going to be helping the people who need these items while also making money for yourself on the side.
Let’s take a recap of why affiliate marketing is a really good business model for you to follow:
- You don’t have to worry about selling a physical product
- All the logistics will be handled by the selling company
- You don’t need to deal with customers, refunds, and other problems
- You can work from the comfort of your own home
- You can keep making money from old articles that are just laying around on your site
- There are affiliate models for subscription businesses where you can earn money consistently every month for each customer
Where can you get started on affiliate marketing?
At this point, I can understand if this whole thing is a lot to take in and digest. There is a lot to learn about affiliate marketing and how you can build a sustainable business, and you can’t learn all that from a single article you read online.
There are also other problems you need to overcome such as building your website and how to bring traffic to the website. What if I told you there was a resource that can help you with all of these problems and all future problems that you may face in your journey to financial freedom? Don’t believe me? Well, let me just take you through what you can get through this platform.
- A comprehensive training program that will take you through everything you need to know about affiliate marketing from start to finish.
- Hosting for your website on amazing high-speed servers
- Keyword researching tools to help you write articles for your blog
- Affiliate research tools to help you find the best products to promote
- Finally, an awesome community of over 2 million people who are also in the affiliate community and are always ready to help you.
You can get all this and more through the platform called Wealthy Affiliate. This is the same platform that I used myself to help me learn about affiliate marketing and let me tell you, I have never regretted it. I firmly believe that this platform can change people’s lives.
It’s not difficult to join. You can do it in under a minute, and if you are still on the fence about joining the premium membership, they even offer a free account that you can use to test out the platform. You don’t even need to enter your credit card details to enter.
They are even throwing in 10 free lessons from their training program when you create the free account. You can learn so much through this platform, and everything that you need (tools and resources) is at your disposal to help you become successful. Just give it a try, I am sure you will find what you are looking for in the Wealthy Affiliate platform.