Do you want to make money by advertising but feel a little hesitant that it might not work out for you?
Well, here’s the thing, around 4.95 billion people use the internet actively, which is up to 62.5% of the total population. And so, most corporates have shifted to digital advertising as the saying goes— hang out where your ideal clients are.
Well, it’s entirely possible to make money online by advertising if you do it the right way.
Sure, it relies massively on audience building. And these things take time to establish. But if done the way the algorithm demands, it’s worth every effort to generate smooth 7 figure passive income.
So, here are some ways you can make top dollars just like your favorite creators:
Start a blog
A blog is an online journal where individuals can showcase their ideas and beliefs.
You can create a blog and monetize it to make passive income. But it’s not that easy.
To make money through advertising, you need to have an audience that engages well with your content.
It’s a lucrative way, though it doesn’t happen overnight, and like every great things, it takes time to build a strong community.
Here are some ways you can advertise your blogs once it starts getting traffic:
- Pay per click advertising
- Display ads directly
- Advertise through text links
Cost Per Click (CPC) Advertising
Cost per click is the most common internet advertisement model. It simply means the advertiser pays you when someone clicks on the link. It’s also known as pay per click.
Display Ads Directly
It’s another way of displaying ads on your website, but this time without any intermediary.
If you get decent clicks and traffic, you can make a page “Advertise with Us” and share your web stats. Interested clients would contact you. However, you would have to deal with them one to one.
If you want to avoid all the work, you can also use third-party Ad Seller companies.
Advertise through Text Links
If you are established in your niche or getting a quality engagement, opting for this can generate good money.
Newcomers in the same niche often pay a high sum to get an organic reach. And all you would have to do is link their page to your text or review their content.
Affiliate marketing is another useful tactic that brands use to increase their sales. Here you have to advertise the brand products to your audience via a unique link. And you get a small commission every time someone makes a purchase using your link.
To put it in another way, the affiliate market is simply referring brand products to your audience.
You can share that link on your social platforms like the website, YouTube channel, Instagram, or Facebook. Affiliate marketing is one of the best ways to make top passive dollars through advertising. It’s a multi-billion dollar industry, and according to stats, it is estimated to reach 12 billion by this year (2022).
Running a YouTube channel is very similar to a blog; the only difference is you have to make videos rather than write articles. However, the audience-building tactics and monetizing method remain the same.
Now, remember, YouTube runs ads on its creator’s behalf. And after keeping its cut, YouTube shares revenue with the video creator. Though, video creators can choose not to run ads on their videos.
Once you start getting decent traffic on your channel, you can sign deals directly with big brands. Or the brands would approach you for deals anyway.
Email marketing is a process of sending valuable information directly to its subscribers—potentially a customer.
And once the subscriber’s list gains some considerable following, you can advertise it by sharing sponsor links.
Social Media Marketing
The huge user-base of social media encourage brands to pool huge sums into social media marketing. In addition, social media advertisement spending is estimated to reach $177 billion in 2022.
Social media is a gold mine to make money online by advertising. But with tight competition, it requires enormous efforts to build an audience.
Influencers with over 10K followers can partner with smaller brands and make money. On the other hand, Content creators with over 1 million followers on social media can smoothly generate seven figures by advertising.
These are some of the most popular ways to make money online by advertising. Once you are established, the cash flows easily. So, always focus on creating quality content, and followers will increase with time. We wish you the best of luck on your content-creating journey.