This is the 2nd post in the series
"Can Moms Make Money Online with out Sacrificing their Family". Today I've chosen 5 typical ways people make money online and highlighted the pro's and con's about each method. Tomorrow I will be talking about the Key elements necessary for Moms to Make Money Online. Please visit my first post for the introduction to this subject.
5 Ways For Moms to Make Money Online a Reality ~ Pro's and Con's
Earning money online must come from the legitimate movement of products or services. So you must have a product or service to offer in order for you to make money in an honest fashion. You can do that in many ways. Here are the 5 I've chosen to highlight because they are most common and completely doable from home around your family with the right skills.
#1. Network Marketing, Multi-Level Marketing, Consumer Direct Marketing.
These forms of marketing vary in their commission or payment plan to you depending on the company and the product. What they provide is a legitimate product or service you can sell. Here are the pro's and Cons'...
Pro - Most of these are easy to get into, many have relatively decent products, and can be online marketing friendly.The system is in place for you and you can start typically with little investment in the products and begin to sell them as a representative.
Con - Depending on the structure they have in place, it can take a while to create a good down line and residual income. You can do it, but most companies don't offer complete
Online Marketing Training and may focus heavily on your warm market (friends and family) for you to earn your income on.
If this is the option you want to choose, don't be surprised if it takes you hundreds of people in your down line before you make a livable wage. To accelerate that you need to look for a Complete Online Marketing Training so you can learn to target and draw from a larger audience than friends and family.
#2. Affiliate Marketing
Affiliate Marketing is a way for Moms to Make Money Online by representing a product or service on their website and sending customers to the products website for a commission. One example is Amazon. You can sign up to be an affiliate with Amazon and anyone who goes and buys something from Amazon through your website will generate a commission for you. This is a very common practice that many Moms choose.
Pro- Fast, simple, and typically free to start. You have complete control over which products or services you will offer.
Con- The only way you will make any money is through driving enough traffic that purchases enough products for you to earn a commission. Many affiliates, like Amazon, only offer a small commission. It will take a lot of people buying through your site to make any money. You will have to have a good grasp of how to drive traffic to your website. You will also need to know which affiliates pay out a commission that is worth your time and effort.
Affiliate marketing has made numerous six and 7 figure income earners and many moms are choosing to have affiliate links on their blogs because it's easy and makes sense. But don't expect to make a huge income in less you know how to
choose the right affiliates and have a solid marketing plan to drive the traffic to your blog. Yet with these skills in place this can become a very profitable business.
#3. Paid Product Reviews/ Blog Sponsors
Paid Product reviews and Blog Sponsorships are another way for moms to make money online by being paid to review a product, or having their blog sponsored by a large advertiser.
Pro - Reviews can be done easily. You can make a decent amount of money per paid review, or sponsor. If you are blogging in a niche market - which you should be if you want to make money- then you can start out reviewing as an affiliate, and then work into being a paid reviewer.
Con - To get the paid review deals or paid sponsors you will need to prove that you have a large amount of traffic for you blog niche.
To make this method work your blog must really offer some good information on something your niche market is looking for and draws a lot of traffic. Learning the necessary skills to do this is extremely important if you are going to choose this option. Driving a lot of targeted traffic is going to be your bread and butter.
#4. Information Product Development
This is a method which is gaining in popularity. Information products are the solutions to a problem your market is facing. For example. Let's say you blog about cake decorating. Perhaps your readers have a problem with a particular technique in decorating, or they want to master a design style. If you have that knowledge you can create a video, e-book, audio series, etc, that teaches them how to solve that problem and sell it.
Pros- Many people make an extremely good income doing this. You control the product and earn the highest percentage of income from it.
Con- It can be a lot of work! There is a ton of knowledge you will need to know how to do. Since you are the one in control you are the one responsible for it all. The development, the marketing, the distribution.
This is not the best solution for the beginner, but is a great way for Moms to Make Money Online once they get established and have learned how to draw a targeted audience that will want their product.
#5. Online Store / Etsy Store
Your own online store that you sell products in. To be an Etsy store owner you must be selling hand made products made by you.
Pro- If you have a talent for hand made items, and online store or Etsy store will enable you to put up a professional appearance and help you sell to a larger audience.
Con- You are creator, owner, developer, and marketer. You will front all the upfront costs of creating the products, advertising, and driving traffic. Once again, you will need to know how to get the customers to the store in order for you to make an income.
Just like a bricks and mortar store must have customers coming in the door to make sales, you need to have customers coming to your blog or website to earn money. Once you have mastered how to drive traffic to your site you will be able to make money online for your family and spend less time doing it. To find out more from me on how you can learn to make that happen, just fill in the form on the right and watch the videos.
Tomorrow, we will be talking about the 3 Key Elements Necessary for Moms to Make Money Online with Out Sacrificing their Family.
Other Posts in this Series
#1 "
Can Moms Make Money Online without Sacrificing their Family?"
#2 "
5 Ways For Moms to Make Money Online a Reality without Sacrificing their Family"
#3
"Can Moms Make Money Online? ~ 3 Key Elements Necessary to Make it Work"
#4 "Moms Making Money Online - How to Pull it All Together Without Pulling Apart Your Family"
Business online it is the same. We know that a certain percentage of all people who pass by or visit your "store" will buy something. But it isn't just visitors or traffic, it's targeted traffic.
