11 Ways To Make Money with Digital Marketing At Home
byAbubakar Yunusa-
0
Are you looking for a guide on how to use digital marketing to make money? Then this article is your final junction where I will tell you the different methods to use and make money with digital marketing.
So there are several ways to make money with digital marketing, such as establishing your online business, offering freelance services, or landing a salaried job.
In this article, I'll list some of the best ways to make money with digital marketing, along with some helpful advice on how to get started with each.
So before we start, we need to look into whether digital marketing is profitable or not.
How Profitable is Digital Marketing?
Digital marketing can be highly profitable if implemented correctly. It allows businesses to reach a large audience at a lower cost, generate leads and sales, increase brand awareness, and build a loyal customer base. However, it requires consistent effort and optimization to be profitable.
Also, the good news is that digital marketing companies have the potential to be very successful, regardless of which choice you select. The average profit margin, according to the database of more than 7,000 enterprises maintained by NYU Stern, is 7.9% - SemRush said it.
Now let's move on to see how to make money with digital marketing one after the other. Let's get started!
How To Make Money With Digital Marketing?
These are the most well-liked ways to make money from digital marketing. Here are the followings below:
1. Make money as a content writer
2. Work as a social media manager
3. Become a Youtube advertising partner
4. Make money with affiliate marketing
5. Sell your consulting services to companies
6. Become an SEO specialist and sell SEO service
7. Make money by selling ads
8. Get a digital marketing job
9. Establish your own digital marketing agency
10. Manage PPC campaigns for other companies
11. Create your own digital product and sell it
You can make money with each of these digital marketing methods I've mentioned and I will tell you more hints on each one of them so that you should choose the one that you feel you can afford to do.
1. Make money as a content writer
Writing content for internet platforms requires planning and authoring. Writing a variety of content types, including articles, blog posts, social media postings, and video scripts, is typically part of a digital marketing strategy.
You'll need to master several skills and fulfill several requirements to become a content-writing professional. The following are:
Writing skill
Keyword research
SEO skill
Analytical skill
If you want to work for a company you should plan on having a college degree, usually in journalism, marketing, or communications. College degrees are less important as a freelancer.
Several content marketing certificates can help you advance your abilities and reputation, whether alone or for a company.
A blog of your own is also a wise move. This will provide you the chance to improve your abilities and help you stand out to employers or clients if you're seeking freelancing work.
How much money do content writers make?
It depends on the job role and a few other variables. The typical base pay for content writers in a company, for instance, is $3,509 per month.
Source: ReliableSoft
You can be compensated per piece if you operate as a freelancer in content marketing (per article, etc). For each word you write, you can charge anything between $0.10 and $0.50. The type of content and your level of topic experience will determine the exact pricing.
You can also develop the skills required to work in content marketing. In this instance, an annual pay of $81,000 is typical for a content marketing specialist. Depending on where you are and how much experience you have, this amount will change.
Through a variety of marketing strategies, you'll work as a social media manager to increase a brand's online presence.
Writing and scheduling posts, making graphics, running advertisements, and responding to followers' comments are just a few of your tasks.
As a social media manager, you might obtain jobs in a variety of ways. You can either work as a freelancer in digital marketing or obtain a salaried position with a business; we'll cover how to do that later.
Similar to selling consulting services, you'll need to expand your network and have a good reputation to attract clients on a regular basis. You can attract new business by developing a website with a portfolio of former clients and case studies of the results you've generated.
How much do social media managers make?
Source: ReliableSoft
Paid social media managers earn an average yearly salary of $62,000, with experienced managers earning up to $75,000 in compensation.
Your income as a freelancer will rely on the volume of clients you have and your level of experience. The hourly wage for new social media managers is from $15 to $50, while the hourly wage for experienced managers ranges from $50 to $100 or more.
3. Become a Youtube advertising partner
You can start a YouTube channel and sign up as an advertising partner to make money through digital marketing using videos.
Making money through YouTube is an easy procTo attracting viewers, you create, upload, and promote videos on your channel. Several kinds of advertisements will play while your video is playing.
You'll make a little money if someone watches or clicks an advertisement on your video.
You must fulfill the following basic conditions in order to be accepted as an advertising partner:
Follow all the YouTube monetization guidelines.
Make sure you Live in a country where the YouTube Partner Program is offered.
Almost 4,000 of your recent public watch hours are still valid.
You need to have more than 1,000 subscribers to your account.
You've got an AdSense account connected.
How much does a Youtube advertising partner make?
The above video said it all, So making money on youtube depends on the number of views and subscribers you have. For in-depth information, read how to do affiliate marketing on youtube.
Oh! If you are a beginner, the video below is the best for you because it carries a complete tutorial for one who is starting.
As I said above, the amount of money you could make with youtube depends on the number of views you have but let me do some possible estimations below.
As an advertising partner, you get compensated for ad views. To calculate your potential earnings, estimate the number of video views you anticipate obtaining. Because not everyone will watch the advertising, your ad views will be smaller than your video views.
On average, Youtube partners make between $0.01 to $0.03 per ad view. This amounts to somewhere between $3 to $5 per 1,000 video viewYout you must produce a big number of video views in order to make a sizable income from YouTube.
4. Make money with affiliate marketing
Affiliate marketing is a business concept in which you earn commissions by selling the products of others.
The procedure is easy to follow. You locate products to market, build a website to promote those products, and direct interested people to your affiliate products.
There are two sorts of affiliate partnerships. Standalone programs in which you create an account directly with a brand and affiliate networks in which you may join and manage several partnerships on a single platform.
Because your blog will be the primary means of promoting your affiliate products, conducting keyword research is critical before choosing a niche.
This way, you can view the monthly search volume for relevant terms and get an idea of how much traffic you'll be able to create.
Pay special attention to terms having transactional search intent. These are search terms that suggest a person is on the point of purchasing a product. They frequently include terms like buy, get a discount, and so on.
Look for search terms with commercial intent as well. These keywords suggest that a person is in the purchasing process but has yet to decide on a specific product. Words like best, review, and product x vs product y are among them.
By focusing on these keywords, you will be able to monetize the traffic you attract to your website.
Once you've decided on the things you want to promote, you'll need to set up your blog and begin creating content. Choosing the right keywords can help you get started faster by allowing you to uncover product comparisons and reviews to write for your early posts.
While you can join affiliate programs before starting your blog, it is frequently a good idea to wait until you have some visitors. After all, you'll need the traffic to create revenues in the first place.
Furthermore, many affiliate networks have approval restrictions and may require that you already have an established audience.
How much money can you make in affiliate marketing?
Affiliate marketing offers enormous earning potential, but in order to achieve substantial profits, you must first build your web presence and generate a significant volume of traffic to your website.
Once you've gained some digital marketing experience, you can monetize your skills by becoming a digital marketing coach/consultant and providing consulting services to other businesses.
To begin, take the following steps:
1. Define the area you specialize in
First, you must be able to define the specific services you will provide to clients.
Determine the areas of digital marketing in which you perform best and where there is a high demand for your services. This may include:
After deciding on the precise service you'll provide, the following step is to establish your online presence.
A website will serve as the hub for your company, where you can add testimonials and case studies from previous clients so that visitors can learn more about what you have to offer.
With a website in place, you can start creating your blog. Using your blog to write about digital marketing relevant to your coaching/consulting services will help drive relevant traffic to your business while further broadening your online presence.
The larger your network becomes, the easier it will be to find new clients.
Find companies that could be interested in your services by using your professional network.
You can also contact previous clients to check if they have any contacts needing digital marketing services.
How much do digital marketing consultants make?
The costs charged by a digital marketing consultant are determined by their specific area of expertise, project scope, and level of experience.
Source: ReliableSoft
According to Reliable Soft, hourly charges typically range from $50 to $150 per hour.
6. Become an SEO specialist and sell SEO service
SEO is one of the most critical aspects of digital marketing to master because it can be used in different roles.
As an SEO specialist, you can sell your services to clients who are less knowledgeable about the subject.
To become an SEO specialist, you must first understand the inner workings of search engines.
How much can you earn as an SEO specialist?
SEO specialists typically charge between $50 and $125 per hour. Prices vary depending on the country and level of experience.
An SEO manager working in an agency or company earns an annual income of $77K. If you need more details you can check "How much does SEO cost?"
7. Make money by selling ads
Another way to make money from digital marketing is by running ads on your site is one of the most popular ways to monetize your website traffic.
Keep in mind that in order to make decent money with ads, your website must have a lot of visitors.
It's a brilliant idea to supplement your monetization efforts with affiliate marketing or by delivering your own digital products when you're first growing your audience.
There are numerous advertising services available to help you monetize your web visitors, the most prominent of which is Google Adsense.
Google will begin delivering adverts on your web pages once you sign up for Adsense and add the necessary code to your website.
Views and clicks on your adverts can lead to money. But, Google pays very little, if anything at all, for views.
The amount you earn will vary greatly depending on your website type, audience demographics, and other factors.
Despite these circumstances, you must intend to attract a significant amount of visitors in order to generate any substantial income.
Apart from Google Adsense, there are popular ad networks including Ezoic, Media.net, Propeller Advertising, etc.
If your website already receives a consistent amount of traffic and you want more control over the ads that appear on it, you can sell direct ads on it.
Create a "Advertise with Us" page for your blog that explains the various ad formats and how much they cost. You should give vital traffic statistics so that buyers understand the value they are obtaining.
If you don't want to sell the advertising yourself, there are various internet marketplaces where you can post them for sale. BuySellAds and BlogAds are two common options.
How much money can you make selling ads on your website?
No matter which ad network you use, you'll need 100,000-page impressions per month to make any money.
Google AdSense RPM (revenue per 1,000 impressions) can range between $0.25 to $3.
8. Get a digital marketing job
You can work in digital marketing to obtain useful experience before working independently or launching your own company.
There are numerous digital marketing jobs available, some of which have been discussed in this guide.
Here are some of the most popular job search sites:
ZipRecruiter
WeWorkRemotely
com
Glassdoor
Indeed
Google for jobs
American Marketing Association
AngelList
How much money can you make with digital marketing jobs?
The amount of money you will make from a digital marketing job will be determined by your position, location, and experience.
The following are the estimated yearly salaries for some common digital marketing jobs:
Digital Marketing Specialist: $55,000
Digital Marketing Manager: $97,000
SEO Specialist: $77,000
Content Marketing Manager: $81,000
Social Media Manager: $75,000
PPC Specialist: $60,000
Affiliate Marketing Manager: $71,000
9. Establish your own digital marketing agency
Since businesses are investing more money than ever in digital advertising, now is an excellent opportunity to start a digital marketing agency.
To launch your agency, you need to acquire a broad range of digital marketing skills so that you can satisfy any client's wants with quality services.
Getting customers will undoubtedly be essential to your ability to make money. You should take the previously suggested steps to find clients and use them broadly.
Operating an agency has its benefits in this area because you can use your staff members to take care of many of these jobs for you or you can hire freelancers to do the work.
You can charge your clients in a number of ways when you first launch a digital marketing agency:
Hourly: With hourly billing, you bill clients for the time you spend working on their projects. While it might be more challenging to track sophisticated service offers, this strategy works best when you spend a lot of one-on-one time with the client.
Retainer: This is the most straightforward payment structure because you decide how much work you'll do for the client and agree on a set monthly cost. Customers find this model to be simpler because they are aware of their costs upfront.
Amount of money spent on marketing: With this price structure, your agency bills your clients a predetermined percentage of their marketing budget. If your clients' businesses are expanding swiftly, this business model is appealing because your revenue will do the same.
How much money can you make by starting a digital marketing agency?
The amount of money you can make from an agency depends on how many customers your company has. In 2020, small businesses should expect to pay between $2,500 and $12,000 per month on average for digital marketing services.
Your business can make a good amount of money if you can find 10 reliable clients.
10. Manage PPC campaigns for other companies
There is a growing need for skilled advertising campaign managers as more businesses use digital marketing platforms to reach their target consumers.
One of the most well-liked types of online advertising is PPC (pay-per-click) advertising, which can give a business quick results.
When a user searches for a related keyword, PPC systems like Google Ads and Bing Ads enable marketers to compete for ad positions on the search engine results page.
There are several tasks associated with managing PPC campaigns, including:
Finding PPC Keywords
Add negative keywords
Testing ad groups
Writing ad copy
Setting bids and campaign budgets
Reviewing costly keywords
Optimizing Landing Pages
Getting Google and Bing certifications might help you develop your skills and increase your credibility with potential customers.
Getting a constant stream of clients requires being able to demonstrate the results of previous successful campaigns.
You should develop a website to showcase your skills and create content that can drive traffic, just like with the other services.
How much PPC campaign manager make?
According to RelaibleSoft, explain that PPC experts earn not less than $60,000 per year.
11. Create your own digital product and sell it
Making and selling your own digital products is a great way to put your knowledge of digital marketing to use.
Digital products have the benefit of allowing you to make them once and sell them frequently without needing to keep sourcing fresh products. This leads to extraordinarily large profit margins and the convenience of business automation.
There are many different kinds of digital products, with some of the more well-known options including:
Courses
As more people turn to Internet sources to increase their knowledge, e-learning is the future of education. Developing and selling online courses allows you to share your skills with others and is a fantastic method to address this need.
In addition to selling through your own website, you can publish your courses on marketplaces such as Udemy to attract a wider audience.
Web Template
You can create templates for platforms such as WordPress or Shopify if you have web design skills. You'll be able to sell your items on your own website as well as other marketplaces like ThemeForest.
Promoting your internet products will entail using the same key channels as a physical business. Create a blog to increase traffic to your website, collect emails for email marketing, and actively engage with your audience on social media.
One thing to bear in mind when selling digital products is that you will be competing with all of the free information available on the internet. You should perform extensive research to ensure that the product you generate gives enough value to persuade people to buy it and that you price your offering appropriately.
eBooks
Ebooks are one of the simplest digital products to create, and you can often use content from your blog to rapidly put the product together.
How much money can you make selling your digital product?
Selling digital products online provides a possibility to earn a substantial amount of money. You can easily charge hundreds or even thousands of dollars for your products. With these prices, you won't need many sales to make a decent living.
Conclusion
There are numerous ways to make money with digital marketing. You can study and sell a number of skills such as SEO, PPC management, content marketing, and social media management.
Establishing a website with a blog will allow you to refine your skills and attract new clients for your services.
If you wish to sell things, you may either design your own digital products or join affiliate programs and sell the products of other companies. You may use your website as a hub for your business and monetize it further by running advertising on it.
If you want a steady job, there are many companies looking for digital marketing positions, and there are numerous job boards where you can rapidly uncover open openings.
If you want to start your own marketing company, you can establish a digital marketing agency and offer a variety of services to your clientele.
Digital marketing is only going to get bigger. Investing time in developing your skills will pay off and provide you with more opportunities.
How can I make money fast with digital marketing?
Here are some quick ways to make money with digital marketing:
1. Freelance: Offer your digital marketing services on platforms like Upwork or Fiverr.
2. Affiliate marketing: Promote products and earn commissions for each sale or referral.
3. Social media management: Help businesses manage their social media presence.
4. Content writing: Create compelling blog posts or website content for clients.
Does digital marketing pay well in Nigeria?
Yes, digital marketing can offer good pay in Nigeria, with compensation varying based on your skills, experience, and the clients you work with. It's important to research local market trends for specific salary ranges..
How to make money from digital marketing in Nigeria??
To make money from digital marketing in Nigeria:
Choose a niche (e.g., social media, content creation).
Build your skills through courses or experience.
Create a professional online presence (website, portfolio).
Offer services to local businesses or individuals.
Network and collaborate with industry professionals.
Use social media to promote your services.
Provide excellent service to clients.
Consider affiliate marketing for additional income..
How can I start digital marketing?
To start with digital marketing:
Learn the basics of SEO, social media, content marketing, email marketing, and paid advertising.
Choose a specialization like social media management or content writing.
Gain practical experience through personal projects or mock assignments.
Create an online presence with a website and active social media profiles.
Network with professionals and attend industry events.
Offer your services to local businesses or start with small projects.
Stay updated with the latest trends and continue learning.
