Business Process Outsourcing (BPO) and online money making is turning out to be a billion dollar industry. According to a report, BPO domain is valued at $150 billion, and it’s growing at 6% per year. There can be a plethora of ways to make money online, but I will talk about the best, viable and solid way which I have tried and currently getting a steady stream of revenue each month.
Launching your own blog is the best way to make money online. Look around, there are hundreds of examples where people started from scratch and started getting a decent income from their blog. But starting your own blog is not a child’s play anymore. Everyday, literally thousands of new blogs are being made. It takes a lot of hardwork, focus, patience and consistency to make money from a blog. Making money from a blog wants thousands of words to be explained in details, but here are the quick points which you must note before taking any step.
Selecting Blog Niche
This is probably the most importunate point which can decide the fate of your money making endeavors. Here is a quick breakdown of the high paying niches you should consider for your blog.
My suggestion: go for finance or health. Don’t choose tech or entertainment as there is a massive competition and the market is getting saturated.
WordPress is the best option to make your own blog. It’s free, open source and Google loves WordPress plugins and indexing algorithms. You just have to choose a good, decent, simple theme, choose a hosting service and get going.
Now, here comes the real question. How would you make money from the blog? Again, there are more than one way to make money online from your blog.
Google Adsense is the best and well-known money making mechanism for your blog. But it takes a lot of patience. You can’t expect dollars to toll-in just in the first week. My advice: after starting the blog, work on it for 5 months consistently without even thinking of making money from it. Once your blog is in shape, apply for Google Adsense. Google will approve it at once and ads will be displayed on your blog.
How Money Comes from Ads
Google has various programs. Like Pay-per-Click(PPC), Cost-Per-Click(CPC). Always try to position your blog for the US, Europe and first world countries because the advertising rates are higher there. Whenever a visitor clicks the ad on your website, you will get money for it. Google takes various metrics before calculating the money model for the blog like CTR (Click Through Rate), CPC (Cost Per Click) and RPM ( Revenue per Thousand impressions).
Amazon Affiliate Program
The other best way to make money online with your blog is to sign-up for Amazon affiliate program. It’s free. It works like this: you talk about some products on your blog, give review and then add a buy link of Amazon, suggesting users to buy it directly from Amazon. Now, if the buyer clicks that link and buys the product from Amazon, Amazon will pay you a commission.