Hey there sea changers… Many of my recent posts have discussed how to get yourself started with an online business. Today however, after chatting with a friend about all things to do with websites and making money online, I wanted to just break things down a little for those who may already have a website up and running and now wish to make some money from it. This is a common problem especially within the world of CBD oils as many start writing about them due to their experiences and then realise that they may be able to turn it into an opportunity to work from home as well. So with all of that in mind let's check out my post on how to monetize a CBD oil blog.

Monetize a CBD Oil blog - Header

Before we begin however it is important to note that you may not want, or need to set all of these up right now. Some may not be viable for your site and some may not be accessible if your site is new, or not generating a lot of traffic as yet – but you can certainly keep these options in mind as your site starts to grow.

So grab a drink, a notebook and let's see how we can make some money…

 

Note: This post is assuming that you have a working a website, blog or social media account within the CBD oil niche (or any niche for that matter really) and are looking to generate income from within it. If you need assistance with the development of an affiliate marketing or online business website, click here.

Legal implications

Even though CBD oil is not considered dangerous or mind altering, many countries around the world still do not recognise it as a safe medicinal product, or even as a legal one. The obvious advantage you have here is that online marketing has no real geographical boundaries so you can still successfully monetize your site via sales that are undertaken within another country if your own does not allow it.

However, it is always worthwhile being aware of some of the jurisdictional legal implications as you manage your promotion from country to country. For example, where I live in Australia, CBD oil (and other medical marijuana programs) are strictly monitored and can only be accessed via a few centralised government initiatives. It is Iegal to import CBD Oil based products into Australia however allowable CBD concentration levels are far lower than many other countries making this process a little difficult. The U.S. manages it on a state by state basis where some allow CBD Oil to be sold openly without a prescription whilst others ban it altogether. Canada allows recreational Cannabis however does not allow some other medicinal uses.

The monetizing options below have been written on the assumption that you have performed your due diligence for whatever location it is that you wish to sell into (if that is your plan).

Monetize a CBD Oil blog - Stripe 1

1. Affiliate Marketing

Our first method, affiliate marketing, is the process of earning commissions based on the promotion of CBD Oils that are sold directly via a vendor. In this case, you can utilise your website or social media account to provide information and solve problems in regards to the use CBD oils and their associated products by your readers.

There are a good number of CBD Oil affiliate programs available and to find them, simply type “affiliate: CBD oil” into your search engine:

Monetize a CBD Oil blog - CBD affiliates

From here you can search through and find programs that:

  • Relate to your niche/problems that you are solving.
  • Have quality products – your brand can be severely damaged if you promote poor quality product.
  • Have solid payment and customer service arrangement.
  • Pay decent commissions.
  • Have good testimonials covering commission payouts and quality of product.

How is revenue earned?

As mentioned above, the trick here is to attract readers to your site via the provision of information and solving problems. Within the CBD Oils niche, this can be undertaken via the inclusion of:

  • Product reviews
  • How to‘ posts and lists – such as “How to find the best CBD Oils for your body type”
  • Products rankings and comparisons of CBD Oil related products from different companies etc.
  • Process information outlines – e.g. discussing CBD Oil use and application regimes etc.
  • Tips, tricks, hints and other general information.

Money is then earned by placing affiliate links to merchant/vendor sales pages within these posts. If your website visitor then chooses to make a purchase, they click on the link for redirection to the vendor site which processes and manages the sale, delivery and customer service requirements. Commissions are then paid to you as the website owner based on that sale.

When to action

Affiliate links can be loaded to a website as soon as it has been setup or a post written. Some affiliate merchants however will not accept you into their programs until your site generates a certain amount of traffic. Others, such as Amazon, will accept you immediately but on a trial basis which is terminated if you do not drive at least 3 sales to their site within the first 180 days.

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2. Multi Level Marketing

Multi-level marketing (MLM) programs are the mainstay of the ‘party plan’ world of products such as Tupperware, Mary Kay and Amway etc. and are also extremely popular within the CBD Oils market. From the point of view of someone with a website, MLMs provide access to products that can be marketed via post types as discussed in the Affiliate marketing section above. The basic premise of a MLM program is as follows:

  1. You join the program, either via referral from another person (known as your up line) or directly through their website.
  2. You promote the products of the company via your website.
  3. As you make sales, you offer incentives to your customers to sign up as a member of the program (there are different names for this but they all mean the same thing).
  4. That new member is then placed ‘underneath’ you in a hierarchical arrangement (known as your down line).
  5. You, and a number of levels of your up line, then gain extra commissions for everything they sell as well.
  6. If they manage to refer their customers into memberships, they also become a member of your down line allowing you to make up line commissions as well.

I think it has to be made clear here that MLM is not an easy platform to make money in and many require minimum monthly sales and recruitment targets in order to qualify for commissions. Not to mention that less than 1% of those that join the program make enough money to earn a living however if you are passionate about the product or company and have access to a good email or customer list, then there is definitely some money to be made.

Monetize a CBD Oil blog - Stripe 3

How is revenue earned?

If you use them in their basic capacity, MLM programs mirror affiliate marketing platforms in that you make a commission on every sale that you refer to them.

It is however the secondary aspect of these programs – and where the multi-level influences come from – that can really boost your revenue earning capabilities. As above, once you can build a downline then commissions are not only earned on the sales that you make but those that are made by your down line as well.

If this is something that you were interested in adding to your current website, there are however some things to check out before you join the program:

  • Some programs will not allow you to sell via your own website or social media – or online at all.
  • Others will only let you sell via a website internal to the program – i.e a personalised version of their main website.
  • Many require you to make minimum purchases per month.
  • Some charge cost to join the program.
  • Many pay commissions on a portion of the sales price only.

When to action

MLM programs can be joined at any time and generally will not be concerned with website traffic numbers. As mentioned above however, check their sales rules and regulations before attempting to implement their products onto your site.

3. Sell your own products

This is an interesting one and something that can definitely assist you in monetizing your website via the sales of your own products. Here you actually purchase ‘brandless’ CBD Oil products from a vendor, add your own label and then on-sell them via your website or platforms such as Amazon etc.

This process requires much higher setup costs as you will need to purchase your products, create and affix your labels and manage orders and shipment. Some however will affix the labels that you send them and then manage the packaging and shipment for you (known as dropshipping). This will cost you less to set up but obviously you will make less on the sale once they take their processing fee.

To find these, simply search for “white label: CBD oil” found the following:

Monetize a CBD Oil blog - CBD white label

How is revenue earned?

This method mirrors basic retail operations where you:

  1. Source your products and add labels.
  2. Write about the products, their benefits, uses and problem solving capabilities.
  3. Provide links where customers can purchase them via sales pages on your own site or marketplace sites (Amazon, Shopify etc.).

The disadvantage here over affiliate marketing is that you will need to do all of the work in regards to packaging, shipping, sales and customer service. On the plus side however, you do hold the ability to set your own price meaning you can increase and decrease as demand rises and falls.

When to action

Obviously this method can be organised at any time that suits you and your website. Some actually create their websites with their own products ready to sell. The only real influence here would be to ensure that your products have a good shelf life so that you are not stuck with stock whilst your site takes off.

Tip: One method that can be very effective in driving online traffic and sales is via the implementation of more traditional sales methods such as kiosks and market stalls etc. As people see and try your products, they can purchase from you there and then be directed to your website for future sales.

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Every New Business Needs Tools to Grow!

Click on the button below to access the exact training and tools I used to make over $1000 a month and growing.

And it is the same training and tools that helped me sell another site for $17,000 - And yes, the sale came through as I was standing here!.

You too can start your very own online business here that can make you money from anywhere in the world!!

4. Placing ads on your site

Should you not wish to actually sell products on your site, placing advertising on your pages and posts can be a good way of making some passive income if your website has some decent traffic. The trick here obviously is to have enough advertising on your site to make some income, but not so much that your site just becomes annoying or worse, unreadable. There are a number of ways that you can make money from advertising on your page, including:

Pay per click ads

Pay per click ads are placed on your site or within search engine results based on the interests, internet use/search history, search behaviour and/or location of the reader. This process is managed via the addition of pay per click banner ads. Banners are placed on your website and are shown to readers as they view your page and posts. You, as the owner of the site can generally determine how many ads are incorporated and what they look like but not on what types of ads they are. You are then paid a commission each time a reader clicks on the ad.

Companies that manage this form of advertising include:

  • Google Adsence – Google's website ad product.
  • Microsoft Advertising – Bing and Yahoo service.
  • Infolinks – Offers both website ads and in post ‘text' ads – these are where they place ads within your posts on relevant keywords – keyword ads are usually double underlined.

Selling page space

These ads work in a similar fashion to pay per click ads however in these instances you are actually selling space on your site for more permanent advertising. These ads pay a higher commission but do not change based on the online behaviours of your readers. Companies offering this type of advertising include:

Using Ads to sell products

Alternatively, if you are selling products (your own CBD Tinctures via Whitelabelling for example) then you may wish to set up your advertising where links to your site are displayed at the top of search engine results pages based on the searches undertaken by the reader. If their searches match your chosen keywords (“natural remedies for insomnia” for example), then your site will be placed at the top of search engine results. This option really only works if you have saleable options on your page as unlike banner advertising, you will be charged a fee every time a reader clicks on the link to access your site – anywhere between $0.01 and $100 depending on the popularity of the keyword and competition.

Monetize a CBD Oil blog - Stripe 4

Social Media Advertising

This can also be a good way to increase traffic to your site and sales pages as well. Social Media platforms such as Facebook and Pinterest will allow you to place advertisements to boost your online presences and drive sales .

How is revenue earned?

This one is simple – each time a reader clicks on your ad, you either get paid or redirect a reader directly to your purchase (money) pages to increase your chances of sales. If I am being honest, pay per click banner advertising processes are generally a set-and-forget type scenario as they really do not generate any real income until your site starts to attract serious traffic.

As an example, on one site I placed 3 ads from Google adsence once it reached abut 200 monthly viewers and it made about $1 per month. However, for another (currently running at about 3000 views per month), I paid $25 to place my site at the top of search engines and generated an extra 2000 clicks per week generating an extra $230 in sales.

When to action

Generally, the advertising brokers will not accept your site unless there is some traffic generated to it. I started at 200 monthly viewers but it is really up to you when you start. My main recommendation however would be to really consider where you want to have ads placed on your site – especially if it is new and you are still tweaking the set out.

5. Email lists

Email lists are one of the most effective means of generating revenue for you and your website. This is because once you have the ability to send your readers a direct email, you are able to then promote products, promotions and special deals directly to them without the need for them to search and locate your site. In general, you will need to do the following (in extremely abbreviated steps):

  1. Set up your email autoresponder and email list. Common Autoresponders include Aweber, iContact and Mailchimp.
  2. Add an ‘optin' to your website with an incentive to join (many sites give away product samples, e-Books, information guides etc. for free in return for their email address).
  3. Send emails to your list with extra information, bonuses and sales offers/promotions.

Note: It is critical that you only send emails to those who have ‘opted in' to your email list via your website or social media. Unsolicited emails are known as SPAM and generally not accepted or appreciated by those who receive them and can do your website and brand irreparable damage. Autoresponders will also cancel your service if they think that you are spamming.

How is revenue earned?

Revenue is not actually earned via the emails as such rather provide the opportunity for higher sales due to the ability to market directly to your reader list.

When to action

Most seasoned online marketers will tell you to wait until you are generating a decent amount of traffic before setting up this type of marketing. This is usually for two reasons:

  1. The cost of the autoresponder software – If you have a new site that is not earning any revenue then this might be a cost that you don't really need at this point. There are however some free ones out there with limited functionality.
  2. You don't yet have anything to offer – With so many websites and social media platforms out there, readers are becoming more and more hesitant to give out their email address information for fear of receiving yet another raft of emails. Unless you have a pre-prepared product such as a book, fitness/nutrition programs to match your CBD products or training materials you may not have the necessary means yet to lure someone to sign up.

That said, as with all other traffic reliant revenue raising methods here, if you feel your site is ready for it, give it a shot.

Monetize a CBD Oil blog - Stripe 2

6. Offering coaching/assistance

Online coaching is a booming industry and one that you can certainly use to monetise your CBD Oils site. Within the CBD Oil market, this can include:

  • Use of CBD Oil products.
  • Overarching nutrition.
  • Health and well being.
  • Fitness and CBD Oils.
  • And so on.

Online coaching is generally offered via website posts, banners, popups or via your email lists with offers one on one or group coaching or mentoring.

How is revenue earned?

Revenue is earning by way of once-off training or recurring membership within your coaching program.

Note: This section refers to coaching and mentoring programs that you personally undertake with your readers and not affiliate marketing links that you may have to the coaching courses of others.

When to action

I once saw a post in an online Facebook marketing group that went like this:

“Hey guys, can anybody tell me how I could promote my new course on FaceBook marketing?”

Online coaching is all about credibility. Unless you are already an expert within your niche/field (especially within this niche where you are dealing with the health and well being of real people) then it is probably not feasible to set up an online coaching course if you are just starting out in your new business. You need to have good quality content, high levels of knowledge and the runs on the board. However if you do have that expert knowledge at your disposal (CBD products, supplements, nutrition, fitness etc.) then this could be what sets you apart from the rest.

Conclusion

So there it is. Some fairly solid methods that you can utilise to monetize your CBD Oil based website. As always, keep in mind that making money online is a long term process so just because you have some of these revenue earners on your site, it doesn't mean that you will see any immediate income. As always, patience is the key.

Have you tried any of the above methods? What worked well for you? What didn't work so well? Please share below.

Do you need some extra assistance with the right ways to monetise your CBD Oil site or do you need help in creating your very own affiliate marketing website?

If you are looking for a comprehensive training platform that can give you step by step tuition with the tools to develop and host your very own website, help to identify a good niche, content or keywords, assistance with managing affiliate programs, 24/7 support and access to some of the best affiliate marketing minds on the planet, then click on the graphic below to access your free starter membership – no credit card required.

Want to know more first? Then click on the following link to read more about Wealthy Affiliate.

Until next time

Have fun

Paul

Note: If you make a purchase from this page, there is a very good chance that I make a commission from it – these commissions do not increase your sale price.

Introducing Wealthy Affiliate, My #1 Recommendation for Setting Up Your Own Online Business

wealthy affiliate new home page

When I started, I knew I wanted to work online, but had absolutely no idea where to begin! You see I had watched friends of mine run a sales party to sell essential oils and someone asked if they could just sell them online?

Then, as I sat on the bus heading into my office job, I started to wonder if I could do just that, sell essential oils online.

Anything to stop having to catch this bus to and from work every day right!

The trouble was, as I mentioned above, I had no idea how to even start.

So of course I started to look around online and found all these courses! They all promised me riches then took my money but left me with no riches!

Then I stumbled across the program that didn’t promise me riches, but told me it could help me get started even with no experience!

So I did that, joined Wealthy Affiliate that was it, and the rest as they say, is history!

But it doesn’t come without work!

That is the key here! I began on their starter membership and did the training! I then joined as a member and did some more training!

Each night after work, I would do a little more, then a little more.

And to cut a long story short, after 10 months I realized I didn’t really like writing about essential oils, so I sold the site for about $2000. But I had learned so much that I started another – about fishing and camping!

Then, after 18 months (by which time it had earned me close to $10k), I was offered $17k for the site, so I sold it too.

Now, through my travel blog, I’ve been able to fund my passion for travel and explore different places around the world.

In the past few months, I’ve been fortunate enough to travel to some amazing destinations, including Bali, Los Angeles, Dallas, Vancouver and Las Vegas.

The success of my travel blog has allowed me to fully fund my travels and explore new destinations with my family.

Steps to Creating a Successful Travel Blog - Me at Whistler

Try the Wealthy Affiliate as a Starter Member and Build your First Hub!

As you start your journey, Wealthy Affiliate is there for you with the most comprehensive training package I have ever seen – And as I have mentioned, I have used a few in my professional career trust me.

To get you started, Wealthy Affiliate has recently introduced the Hub.

The Hub

The hub is an AI based niche and website creation tool that will get you up and running with the foundation of your OWN business in just a few minutes. This includes:

  • Your website – hosted and inclusive of a WordPress editor
  • Your brand
  • Your ‘done-for-you’ research
  • Your blueprint
  • A task list that is going to help you drive the creation and growth of your business moving forward.
Wealthy Affiliate Review 24 - Hub screen

The hub makes the website creation process simple which allows you to get started on the training with a solid base and understanding of the processes.

All you need to do is choose your subject – which is known as your ‘niche’ – and follow the steps on the screen.

Oh, and as you run through the training below you may realize that what you created above is not exactly what you want. That’s ok, you can just create a new hub!

Wealthy Affiliate Training

Then as you continue your journey, the Wealthy Affiliate Hub is there for you with the most comprehensive training package I have ever seen – And I have used a few in my professional career trust me.

Above we discussed the use of the Hub to set up a website. Once you have done this, you will be able to access the “Step-by-Step Core Training”.

This is available to all members including starter members and will give you everything you need to know to continue to create your online business.

Wealthy Affiliate Review 24 - step by step core training

Member Training

There are also Live weekly classes taught by REAL industry experts on a range of topics like artificial intelligence (AI), SEO, YouTube, WordPress, PPC marketing and more.

wealthy affiliate master training

Great, What Else Does Wealthy Affiliate Have To Help You?

So, let’s keep this short, Wealthy Affiliate is a one-stop-shop platform that provides:

  • The Hub – this is the starting point and uses AI processes to assist you in determining your niche and creating your brand.
  • Complete training programs to assist with the development of your own affiliate marketing website in your own niche.
  • Website creation and publishing tools including access to WordPress editors and themes.
  • AI Content article design and content creation
  • Domain name purchasing (you get a free domain when you upgrade to the Premium membership).
  • Website hosting, security and backup.
  • Online help and chat forums.
  • Weekly live training events.
  • 24/7 support.
  • Keyword access tools.
  • SEO assistance.

The platform has been active for over 15 years with the original developers and owners, Kyle and Carson, still extremely active in its day to day operations – especially as they rollout their AI capabilities.

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You Can Try it Yourself For Free

Now of course I can tell you all about how Wealthy Affiliate works (because it does) until I am blue in the face. But every other program out there – including the shams and scams – will tell you the same thing!

So how about you just try it for free yourself. The Wealthy Affiliate Starter membership is free to join and gives you access to everything you need to get started – all without the need to spend a cent!

With the starter membership, you get:

  • 1 Limited Business Hub
  • 1,500 AI Word Credits
  • Try the AI Author Platform (BETA)
  • 1 Practice Website
  • Jaaxy Starter
  • Limited Help & Support
  • Core Niche Training (8 Classes)

And of course I will be there to help you every step of the way as well!

Look, in the interest of transparency, whilst Wealthy Affiliate does offer a free starter membership, this is designed to give you a look around, have a practice and see if it is worthwhile for you – which is a really great option.

However, as with all new businesses, you will need to make some investment so if you are serious about making money online , you will need to upgrade to a premium membership as this will give you access to all the tools you need in the one spot to succeed!

Afterall, every business needs tools to grow!

So How Much Does This Really Cost?

Wealthy Affiliate does not use upsells once you join – but as I mentioned in the video, to succeed here you will need to invest in a membership. There are a couple of options that provide access to all the tools, training and assistance that you could need – and a free domain as well.

Wealthy Affiliate offers a trio of membership tiers, as detailed on their pricing page.

You can opt for the Starter membership at no cost, the Premium membership for $49 per month or the Premium Plus+ membership for $99 per month. That’s the full extent of it – and you can absolutely build your website without having to spend another cent.

You won’t encounter any unexpected additional charges or covert fees and as a Premium member, you’re equipped with all the essentials to initiate, develop and expand a thriving online enterprise.

Those who opt for the Premium membership are provided with

  • Hosting for their websites
  • A complimentary domain name
  • Access to hundreds of hours of current expert tutorials
  • Various marketing and research tools
  • Personal guidance from seasoned professionals in the field
  • And much much more

And for those of you who want to make a serious investment into your future, there are some yearly options as well below to give you peace of mind that you have a whole year ahead of you to get stuff done!

And Don’t Forget the Personal Coaching

Once you join, not only do you get plenty of assistance from me, but you also have access to expert coaching, support and mentorship from real industry experts.

I mean, you can have access to all of the top-tier affiliate marketing training in the world, but inevitably, questions arise, particularly during the initial stages.

With an exceptionally dynamic and engaged community that boasts over 2.7 million members, Wealthy Affiliate offers an environment where you, as a member, can fully immerse and leverage this network.

You’re never alone; you have the collective wisdom of an entire community at your fingertips, ready to assist at any moment.

Plus, there’s always-on, rapid-response website support to handle any technical queries you may encounter.

WA graphic

Wealthy Affiliate Works: Real Results From Real People

As I have mentioned a number of times, Wealthy Affiliate has helped me make real money online though its training and tools.

I have made money each month as well as a sale for $17,000.

But again, those promoting other programs will tell you the same thing!

So let’s get away from me and see what others are saying:

To start with, Wealthy Affiliate has a 4.9 out of 5 Star TrustPilot rating, which is a remarkable accomplishment in any industry, let alone the online business industry.

WA trust pilot image

And here are some of those reviews:

wealthy affiliate trust pilot

And this is what people are saying within Wealthy Affiliate as well:

home page - success at WA

So, Let’s Make a Decision!

Let’s be frank, you have read this far so why not go all in, click on the button below to get started on the way to your very online business.

And once you are in and have had a play around with the hub, look for the little envelope on the top right and there will be a message from me. It is of course automated so respond to let me know you are there and we can start this journey together.

(oh, and the profile is mine so you can find me that way as well)

wealthy affiliate envelope

See you there

Paul

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8 Comments

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