So, you want to learn how to make money on Quora?
First of all, congratulations! Not many people see such opportunities. But again, most people are miserable in their 9 to 5 jobs.
Quora is the most popular question and answer website in the world and it has seen significant growth during the past couple of years. The reason why it became so popular is the fact that people can get their questions answered by more experienced professionals.(1)
For example, if you’re wondering how long it takes to get a black belt in karate, you can freely ask on Quora. In a very short period of time, a karate black belt will come by and answer the question to the best of his ability.
On the other hand, you can also answer questions that you have more knowledge about in order to help other people. But…we all know you’re probably here because you want to make money.
If that’s the case, then you came to the right place! By the end of this article, you will know exactly how to start making a living with Quora. Also, you will learn the best methods to do so in order to get the most out of it.
HOW TO MAKE MONEY ON QUORA? DO YOU GET PAID FOR ANSWERING QUESTIONS?
You might be thinking to yourself: “How is it possible to make money on a Q&A website?”.
Well, it’s not by answering questions. Writers are not paid by Quora in order to answer questions simply because of how big and popular the platform is. They don’t really need you to answer anything.(2)
On the other hand, some writers use the platform in order to build up their profile and get hired as a freelancer. Yes, that’s right. Some people use Quora as a means to grow their reach.
A ton of companies are searching for writers on Quora. Meaning that if you build trust and authority in a certain niche and people respect your knowledge, you might eventually get hired by an organization for some short term (or long term) work.
Leaving this aside, you’re probably not looking for gigs or jobs, but a steady income stream. Now, let’s take a look at the methods most people (including me) use Quora in order to make money online.
DRIVING TRAFFIC TO A BLOG
Blogging is one of the most popular ways for beginners to start making money online. That’s because it can be very passive once it’s established.
Quora is a great way to get people to see the content on your blog. That’s because SEO can take a long time to build up and is too technical for some people. Therefore, many bloggers choose Quora as a traffic source.
That’s because you don’t need any technical knowledge in order to reach a ton of people. You basically just need to answer questions that are related to the topics you cover on your blog.(3)
At the end of your answer, you need to insert a link that takes people to your blog. This link can be titled something like “click here if you want to learn more” or “this topic is covered more in depth in this article”.
You might be wondering: “OK, so how do I make money from my blog?” Well, there are a ton of ways to do this!
However, the most common ones are affiliate marketing and display ads.
Affiliate marketing is arguably the best way to make money online because it doesn’t involve creating your own products. You basically recommend products (or services) that other people created in exchange of a commission.
The best part about it is that you just need to get people to click on your links and purchase products that they’re interested in. You’re just responsible with the traffic.
Also, there are a ton of affiliate programs in virtually any niche. No matter if your blog covers topics such as fitness or woodworking, you will easily be able to find products to promote.
In some cases, you can get more than $500 for only 1 sale. Once you build your blog up to a certain level and you get thousands of people to see your content, making money with affiliate marketing happens almost automatically.
The best part about this is that it’s very cheap to start a blog. You just need to find a good web hosting service, like Bluehost, which cost around $3 per month.
Display ads are also a great way people monetize their blog. In the beginning, your only option will be Google AdSense in terms of a display ads network.
You will just need to sign up (they accept everyone) and post ads on your blog. You will get paid every time a person sees those ads. Basically, the more traffic you get, the more money you make.
However, compared to affiliate marketing, Google AdSense is not nearly as profitable. If you install AdSense on your blog, your profit will be significantly lower than the one from affiliate marketing.
On the other hand, once your blog gets a bit more established, you will be able to sign up for a premium ad network. There are 3 main ones to choose from: Ezoic, Adthrive and Mediavine.
These networks pay significantly more than AdSense. To the point where you can make more than $20 for every 1k views on your website.
As a side note, one of my more established website that I use Adthrive on makes more than $5000 per month only from display ads. I’m not saying this to brag, but to inspire you and let you know what is possible.
The best part about display ads is that you don’t really need to do much. When the traffic comes, you make money.
So…what does everything have to do with Quora as a platform? Well, it allows you to get targeted traffic to your blog. For example, if you are a karate expert and have a blog about martial arts, you will be able to get traffic from Quora that is interested about this specific topic.
Once you start answering a lot of questions, the people on Quora who are interested in the topic will start seeing you as an authority. Meaning that they will more than likely come over to your blog and check your stuff.
Again, the best thing about Quora is how big it is. No matter what niche you’re in, you will be able to get targeted traffic to your blog.
Another great way to make money from Quora is to get traffic to your sales funnels.
Funnels have become the go-to way for people to make money online. That’s because they convert really good. If you manage to get targeted traffic to your funnel, you can really make a ton of money.(4)
If you don’t know what a funnel is, there are a ton of articles around the topic on this website. However, to simplify it, it’s basically a series of pages through which a customer goes before making a purchase.
It’s like a journey that is meant to transform a cold lead into a warm one and eventually in a customer. Sales funnels are kind of a new trend because in the past, you needed to pay thousands of dollars to create one.
Luckily, we now have affordable tools like Kartra that significantly simplified everything for people like you and me. The best part about it is that you don’t need to have technical knowledge in order to create a successful sales funnel.
As a side note, once you start getting good at sales funnels not only that you will make good money, but you will also have a valuable skill that will stay with you for your whole life.
Sales funnels aren’t going anywhere, so it’s definitely a good idea to get good at creating them. That’s why I highly suggest taking the One Funnel Away Challenge, as it’s really affordable and you get a ton of value for money. You can thank me in a couple of weeks.
Another great thing about driving traffic from Quora to your sales funnels is that you can capture email leads. Email marketing is another great way to make money online because it is traffic that you own.
If someone signs up for your email list, they are more than likely interested in the topic you’re covering. Therefore, it will be quite easy to monetize an email list through affiliate marketing.
After you get people on your email list, you can email them every day with cool offers in order to make money. The best part about it is that nowadays we have reliable tools like GetResponse that make our job a whole lot easier.
You will just need to write these emails once and it will automatically get sent to everyone whenever they sign up on your list. Therefore, if you want to learn how to make money on Quora, you should definitely consider email marketing.
Making money with Quora is definitely possible. It’s a huge platform that you can use for driving targeted traffic to your blog and offers and your email list.
The key here is consistency. You will need to set up either a blog or a sales funnel and consistently answer questions on Quora in order to get people into your world.
At some point, you will be able to enjoy the passive income that is only possible with a legitimate online business. Don’t give up and believe in your capabilities!
- Pro tip: It’s better to answer a couple of questions every day as opposed to overwhelm yourself. Be consistent and you’ll be surprised on how fast you manage to grow an audience.