7 BEST Ways to Make Money Online in 2024

If you’re a content creator looking to make money online in 2024, you’re likely aware of the challenges that come with it. With so much content out there, it can be difficult to get noticed and generate revenue. In this article, we’ll explore seven beginner-friendly ways to make $10K a month and discuss the number one way to generate revenue from just posting content on the internet.

One of the key challenges of making money online is building algorithm-proof revenue streams. This means taking people from third-party platforms, like Twitter or LinkedIn, and getting them onto something that you own, like an email list. While affiliate marketing and ads are still great passive income generators, we’ll focus on some different ideas in this article. One of these ideas is the newsletter business, which is becoming increasingly popular. By signing up with a tool like Substack or Beehive and capturing email addresses, you can monetize your newsletter through sponsorships. With the potential for millions in profits, a newsletter business can also help you diversify your revenue streams and grow your blog.

Understanding the Challenge of Making Money Online

Making money online as a content creator can be challenging due to the vast amount of content available on various platforms. It’s not impossible, but it requires effort and a strategic approach. To generate revenue in 2024, you need to build revenue streams that are algorithm-proof.

One effective way to do this is to take people from third-party platforms, such as Twitter, LinkedIn, Instagram, or YouTube, and get them onto something that you own, like an email list. This approach helps you build a loyal audience that you can monetize in various ways.

Here are seven beginner-friendly ways to make $10K a month:

Newsletter Business: Newsletters are becoming increasingly popular, and they offer a simple way to capture email addresses and monetize them through sponsorships. You can use tools like Substack or Beehive to create a landing page and capture email addresses. Once you have built a decent-sized email list, you can charge for sponsorships, much like YouTube or podcast sponsorships. This approach is algorithm-proof and can be used in conjunction with your blogging strategy.
Online Courses: Creating and selling online courses is a great way to monetize your expertise. You can use platforms like Udemy, Teachable, or Kajabi to create and sell courses. Online courses offer passive income and can be a significant source of revenue if done correctly.
Membership Sites: Creating a membership site allows you to monetize your content by charging a monthly or yearly fee for access to exclusive content. You can use platforms like MemberPress or Memberful to create and manage your membership site.
Digital Products: Creating and selling digital products like ebooks, printables, or stock photos can be a great way to generate passive income. You can use platforms like Gumroad or Etsy to sell your digital products.
Sponsored Content: Sponsored content is a great way to monetize your content if you have a significant following. You can partner with brands and create sponsored content that aligns with your brand and resonates with your audience.
Affiliate Marketing: Affiliate marketing involves promoting other people’s products and earning a commission for each sale made through your unique affiliate link. You can use platforms like Amazon Associates or ShareASale to find products to promote.
Online Coaching: Online coaching is a great way to monetize your expertise and help others achieve their goals. You can use platforms like Zoom or Skype to conduct coaching sessions and charge a fee for your services.

In conclusion, making money online requires effort and a strategic approach. By building revenue streams that are algorithm-proof, you can generate significant revenue as a content creator. The seven beginner-friendly ways outlined above offer a range of options to monetize your content and build a sustainable online business.

Building Algorithm-Proof Revenue Streams

As a content creator, making money in 2024 can be challenging due to the sea of endless content on various platforms. To generate revenue, it’s essential to build algorithm-proof revenue streams that take people from third-party platforms to something that you own, such as an email list.

Here are seven beginner-friendly ways to make $10K a month:

Newsletter Business

Newsletters are becoming increasingly popular, and it’s a simple way to capture email addresses and monetize through sponsorships. I like this one the best and will expand further on it later in this article.

You can sign up with tools like Substack or Beehive, create a landing page, and capture email addresses. Once you’ve built up your email list, you can charge for sponsorships, just like YouTube or podcast sponsorships.

For example, tldr is a multi-million dollar newsletter run by one person with 750,000 subscribers, making over $5 million annually. The rate card charges anywhere from $5,000 to $15,000 per sponsorship spot, which is a $4 to 7 cost per click.

The primary ways to grow the size of your newsletter are organically through Twitter and LinkedIn or through paid ads on Facebook, Instagram, Twitter, Quora, and Reddit. The primary revenue driver is sponsorships, and eventually, you can sell your own course through the newsletter.

Pros of a newsletter business include traffic diversification and new revenue streams that are not reliant on just Google traffic. Cons include needing a sales strategy to get sponsors, needing a lot of content, and potentially having to advertise and spend money to grow the newsletter.

Affiliate Marketing

Affiliate marketing is a passive income generator that involves promoting other people’s products and earning a commission for each sale. You can promote products through a blog, YouTube channel, or social media platforms.

To succeed in affiliate marketing, you need to choose the right products to promote, create high-quality content, and build trust with your audience. You can also use tools like Amazon Associates, ShareASale, and ClickBank to find products to promote.

Online Courses

Creating and selling online courses is an excellent way to monetize your knowledge and expertise. You can use platforms like Udemy, Teachable, or Kajabi to create and sell courses.

To succeed in creating and selling online courses, you need to choose the right topic and create high-quality content. You also need to market your courses effectively and build trust with your audience.

E-commerce

E-commerce involves selling physical or digital products online through platforms like Shopify, WooCommerce, or Amazon. You can create your own products or sell other people’s products through dropshipping.

To succeed in e-commerce, you need to choose the right products to sell, create high-quality product listings, and market your products effectively. You also need to provide excellent customer service to build trust with your customers.

Digital Products

Digital products include ebooks, printables, templates, and other digital downloads. You can sell digital products on your blog, website, or social media platforms.

To succeed in selling digital products, you need to create high-quality products, market your products effectively, and provide excellent customer service.

Membership Sites

Membership sites involve creating a community of like-minded people and charging a recurring fee for access to exclusive content, products, or services. You can create membership sites on platforms like Patreon, MemberPress, or Mighty Networks.

To succeed in creating membership sites, you need to choose the right niche, create high-quality content, and provide excellent customer service to build trust with your members.

In conclusion, building algorithm-proof revenue streams is essential for content creators to generate revenue in 2024. By taking people from third-party platforms to something that you own, such as an email list, you can monetize your content effectively. Consider these seven beginner-friendly ways to make $10K a month and diversify your revenue streams.

Introduction to the Newsletter Business

If you’re a content creator looking to make money in 2024, you need to find ways to get noticed by new audiences and generate revenue streams that are algorithm-proof. With so much content out there, it can be challenging to stand out and make a living from your work. In this article, we’ll explore seven beginner-friendly ways to make $10,000 a month and beyond, including one of the most popular and lucrative options: the newsletter business.

Newsletters are a text-based business that relies on capturing people’s email addresses and building a sizable email list. You can use different platforms to grow your email list, including Twitter, LinkedIn, and Reddit ads. The primary revenue driver for newsletters is sponsorships. Once you have a decent-sized email list, you can charge brands to be included in your newsletter, similar to how YouTube or podcast sponsorships work. The newsletter business is becoming increasingly popular, with examples like tldr, a multi-million dollar newsletter run by one person with 750,000 subscribers, making over $5 million annually.

To get started in the newsletter business, you can sign up with a tool like Substack or Beehive and create a single landing page to capture email addresses. The beauty of a newsletter business is that it’s a free newsletter, so you don’t have to charge your subscribers for access. You can publish a weekly newsletter with middle-of-the-funnel content to get people to know, like, and trust you. A newsletter is an excellent way to diversify your revenue streams and provide traffic diversification that’s not reliant on just Google traffic. It also gives Google user signals that you’re getting traffic outside of just Google.

There are pros and cons to the newsletter business. A significant advantage is the potential for profit, which can be in the millions. It’s also an excellent way to grow your blog and diversify your revenue streams. However, a newsletter business requires a lot of effort and content creation, even if it’s just a weekly newsletter. You may also need to advertise and spend money to grow your email list and have a sales strategy to get sponsors.

Overall, the newsletter business is an exciting new business model that you should consider in 2024 and beyond. With the right strategy and tools, you can build a successful newsletter business and generate significant revenue while providing valuable content to your subscribers.

Growing a Newsletter Business

In the world of content creation, building revenue streams that are algorithm-proof is crucial. One way to do this is by building a newsletter business. Newsletters have become a popular way to capture email addresses and monetize through sponsorships.

To start a newsletter business, you can sign up with a tool like Substack or Beehive and create a landing page to capture email addresses. Once you have built a decent-sized email list, you can charge for sponsorships, similar to YouTube or podcast sponsorships. For example, the newsletter TLDR has 750,000 subscribers and makes over $5 million annually, charging anywhere from $5,000 to $15,000 per sponsorship spot.

Growing your newsletter business can be done organically through social media platforms like Twitter and LinkedIn or through paid ads on Facebook, Instagram, Twitter, Quora, and Reddit. The primary revenue driver is sponsorships, but eventually, you can sell your own course through the newsletter depending on your niche.

While there are pros and cons to starting a newsletter business, it is a great way to diversify your revenue streams and provide helpful content to your audience. It can also provide user signals to Google and help drive traffic to your blog. However, it does require a lot of effort to create content for a newsletter, and you may need a sales strategy to secure sponsors.

Overall, starting a newsletter business can be a lucrative way to make money as a content creator in 2024. With the growing popularity of newsletters, there are many interesting tools available to help you build and automate your newsletter business.

Monetizing a Newsletter Business

If you’re looking for a way to monetize your content creation business, building a newsletter business is a great option. With the increasing popularity of newsletters, it’s becoming easier to generate revenue by creating and distributing newsletters. In this section, we’ll discuss the steps you can take to build a successful newsletter business and monetize it.

Building Your Email List

The first step to building a successful newsletter business is to build your email list. You can use various platforms to build your email list, including Twitter, LinkedIn, Instagram, and YouTube. The key is to take people from a third-party platform and get them onto something that you own, like an email list. You can use a tool like Substack or Beehive to capture email addresses and create a landing page for your newsletter.

Monetizing Your Newsletter Business

Once you have built a decent-sized email list, you can monetize your newsletter business through sponsorships. Similar to YouTube or podcast sponsorships, you can charge brands to be included in your newsletter. For example, the multi-million dollar newsletter, TLDR, has 750,000 subscribers and charges anywhere from $5,000 to $15,000 per sponsorship spot. This is a great way to generate revenue from just sending a single email.

Pros and Cons of a Newsletter Business

There are several pros and cons to building a newsletter business. On the one hand, it’s a great way to diversify your revenue streams and generate new traffic outside of just Google traffic. It also provides a lot of middle-of-the-funnel content to get people to know, like, and trust you. On the other hand, it can be challenging to gain traction with organic posts, and you may need to advertise and spend money to grow your email list. You also need a sales strategy to get sponsors and a lot of content to create a newsletter.

Growing Your Email List

There are two primary ways to grow your email list: organically and through paid ads. You can use organic methods like updating your Twitter and LinkedIn accounts to get people interested in your newsletter. Alternatively, you can use paid social ads on platforms like Facebook, Instagram, Twitter, Quora, and Reddit to grow your email list quickly.

Conclusion

Building a newsletter business is an excellent way to monetize your content creation business in 2024. With the increasing popularity of newsletters, it’s becoming easier to generate revenue by creating and distributing newsletters. By following the steps outlined in this section, you can build a successful newsletter business and monetize it through sponsorships.

Pros and Cons of the Newsletter Business

The newsletter business is becoming increasingly popular as a way to generate revenue in 2024. It involves capturing email addresses and building an email list, which can then be monetized through sponsorships and other means. Here are some pros and cons of the newsletter business:

Pros

Traffic diversification: Newsletters provide a way to diversify your traffic sources beyond just Google. By building an email list, you can reach people who may not have found your content through search engines or social media.
New revenue streams: Newsletters offer a new way to generate revenue beyond traditional methods like ads and affiliate marketing. Sponsorships can be a lucrative source of income, especially as your email list grows.
Cohesive with blogging strategy: Newsletters can be integrated with your blogging strategy to provide middle-of-the-funnel content and drive more traffic to your blog.
Easy to get started: There are tools like Substack and Beehive that make it easy to get started with a newsletter business. You don’t need to have a large following or a lot of technical know-how to get started.

Cons

Requires effort to create content: Newsletters require regular content creation, which can be time-consuming and require a lot of effort. Even if you only send out a weekly newsletter, it can still take a significant amount of time to create.
May require advertising to grow: Growing an email list organically can be challenging, so you may need to invest in paid advertising to grow your list.
Sales strategy required: To monetize your email list through sponsorships, you’ll need to have a sales strategy in place. This may involve creating a rate card and reaching out to potential sponsors.
May require a new strategy for organic growth: If you’re not gaining traction with organic posts, you may need to develop a new strategy for growing your email list. This may involve creating content specifically for social media platforms like LinkedIn.

Overall, the newsletter business offers a promising way to generate revenue in 2024. While there are some challenges involved, the potential for high profits and traffic diversification make it a worthwhile pursuit for content creators looking to monetize their work.

Profit Potential of the Newsletter Business

In 2024, making money as a content creator is not an easy task due to the sea of endless content such as videos, shorts, and articles. To generate revenue, we need to build revenue streams online that are algorithm proof in a way. One way to do this is by taking people from a third-party platform that you don’t own and then getting them onto something that you do own like an email list. This is where the newsletter business comes in.

Newsletters are becoming a hugely popular thing and it’s pretty simple to start. You can sign up with a tool like Substack or Beehive and get people to sign up for a free newsletter. You capture their email address and then the monetization path here is mainly sponsorships. You build the email up to a decent size and then you charge for sponsorships. This is similar to YouTube or podcast sponsorships where someone signs up as a brand to be included in your newsletter.

What’s interesting about this approach is that you can use different platforms to build your email list. It doesn’t have to just be through a blog or a YouTube channel. It is primarily a text-based business, so you can funnel traffic from Google to the blog to affiliate links and ads. This one is also a text-based business, but it primarily lives by getting people from third-party platforms like Twitter and LinkedIn and maybe Reddit ads and things like that to the newsletter.

The primary revenue driver for the newsletter business is sponsorships. As your newsletter grows, you can charge more for sponsorships. For example, tldr is a multi-million dollar newsletter run by one guy who has 750,000 subscribers and makes over $5 million annually. The rate card he’s charging anywhere from $5,000 to $15,000 per sponsorship spot which is a $4 to 7 cost per click.

To grow the size of a newsletter, you can do it organically by updating Twitter and LinkedIn or the quicker way is through paid ads like Facebook and Instagram. The primary revenue driver is sponsorships here, and eventually, you can sell your own course through the newsletter depending on what your niche is.

In summary, the newsletter business is a great way to diversify your revenue streams and grow your blog. As newsletters get more popular, there are a ton of interesting tools you can use like Beehive, which has a free launch plan up to 2200 subscribers. It sends custom newsletters that look really good and are designed really nicely. Ultimately, a newsletter is really interesting and has the potential to generate millions in profits.

Tools for Building a Newsletter Business

If you want to generate revenue from your content in 2024, building a newsletter business is a great option. Newsletters are becoming increasingly popular, and it’s relatively easy to get started. To begin, sign up with a tool like Substack or Beehive and create a landing page to capture email addresses. Once you have a decent-sized email list, you can monetize your newsletter through sponsorships.

One of the advantages of a newsletter business is that it is algorithm-proof. Instead of relying on traffic from Google or social media platforms, you can take people from third-party platforms and get them onto something that you own, like an email list. You can use different platforms to build your email list, including Twitter, LinkedIn, and Reddit ads.

The primary revenue driver for a newsletter business is sponsorships, and you can charge brands for inclusion in your newsletter. For example, TLDR is a multi-million dollar newsletter run by one person with 750,000 subscribers, and he charges anywhere from $5,000 to $15,000 per sponsorship spot.

To grow your newsletter, you can use organic methods like updating your Twitter and LinkedIn accounts to promote your free newsletter, or you can use paid ads on Facebook, Instagram, Twitter, Quora, and Reddit. The ultimate goal is to get people to sign up for your newsletter and capture their email addresses.

There are pros and cons to building a newsletter business. On the one hand, it provides traffic diversification and new revenue streams that are not reliant on just Google traffic. On the other hand, it requires a lot of effort to create a newsletter, and you might need to advertise and spend money to grow your email list. Additionally, you need a sales strategy to get sponsors, and you might need to create a lot of content.

Overall, building a newsletter business is a great way to diversify your revenue streams and grow your personal brand. With the increasing popularity of newsletters, there are many interesting tools available, such as Beehive, which offers a free launch plan for up to 200 subscribers and custom newsletters that look great and are designed well. You can also build a website around your newsletter with landing pages and automations.