When we can't find an answer to a topic even on Wikipedia, the last resort we have is 'Quora' to look for answers. This website offers many people's perspectives on a wide range of topics, including subject-related, money-making, music, literature, movies, computer science, lifestyle and technology. Quora is the place to go when we want to hear actual answers or real experiences from individuals since people share their real thoughts publicly, which can benefit someone who is seeking an answer to that question. Initially, Quora was intended to be a question-and-answer site, with Q&A software responding to users' queries.
The site was developed in 2009 by two former Facebook employees Adam D'Angelo and Charlie Cheever. It became accessible to the public in 2010, with a user-friendly interface. Every year new features are added to the website, such as: Answering to the Question (similar to Reddit), Introduction of a blogging platform as non-answer content, Advertisement rollouts, Daily digest mode, Multilingual expansion, Top writer programmers and so on. However, Do you know that many people earn money through Quora? If your answer is no, read this article to learn how it's done.
4 Effective Ways to Earn Money on Quora
Quora can also be used to earn money online. Let's discuss the most common yet effective ways to earn through this media.
Affiliate Marketing is one of the key ways that Quora makes money. Affiliate marketing, in general, is a type of marketing in which a company pays a third party to generate traffic, leads or sales for its products and services. Have you ever noticed 'Accept Cookies' when visiting a website for the first time? That's one aspect of Affiliate marketing that adds several users who have visited their page.
- The first step of earning money through affiliate marketing is to create content that will attract the attention of your target audience.
- After deciding what content you're going to create, look for the answers that the target audience is looking for, then answer that.
- While writing the article, insert the affiliate links into them.
- Your visitor then clicks on the link and purchases the item. The affiliate network gets the record of the purchase and then you get the commission.
Quora is a website where you may use maximum affiliate links to drive traffic to your content. For example, having a high number of audiences in your niche combined with a strong link to your content/company's product would generate a large number of leads as well as money to your bank account.
As I previously stated, Quora was made to answer questions posed by users, similarly to providing a database to the public for a price. Something we may or may not be aware of is that Quora makes millions of dollars by making its database available to its users. Besides, users can also earn money by answering certain questions on Quora, where the software selects the best answers from a pool of thousands and awards knowledge rewards ranging from $200 to $1000. In Quora people are looking for proper answers and what is better than providing those answers with correct data. After collecting the data and then analysing it, you can share it in the article and the target audience can check those out.
You can earn money by participating in the Quora Partner Program and asking useful questions on the platform. To earn money with questions, you must first be invited to join the platform's partner program. The criterion is:
- You must have over 100000 views, then only you can get an invite and join the program.
- Ask questions regularly, it is a good way to get the attention of the program. After a few weeks, you'll be offered to join the partner program if you thoughtfully answer questions every day.
- Your answer must be appropriate so that it seems you care about being in Quora.
- Create your profile properly with pictures and descriptions.
- The partners have to ask 10 questions a day. However, the amount of money that you will get will not depend on the number of questions.
- If the question is popular, it gets ads impression which in return generates money.
Readers can access your space's paid content by subscribing to it. You can publish premium content in your space that is exclusively viewable to Quora+ members and your space subscribers (your own subscribers). There are two types of material you can create for your space: Free and Paid. Subscribers and Quora+ users can view your content if it's listed under Paid content. Subscriptions start at $0.99 per month. You can establish your own price as a Space owner. Subscribers have the opportunity to follow your space. 60% of the subscription will be yours. If your subscription is $10 and you have 100 followers, your revenue will be $1000, and you will receive $600. You can offer your followers a monthly or a yearly subscription. You are the one who decides, which posts should be exclusive for the subscribers and set an amount for that. Those who are your subscribers have the access to all your posts in the space.
Without a doubt, Quora is one of the ways to get money. But, before you jump in, make sure you thoroughly understand it and how it works, as not everyone has been successful to earn money from there. It won't be easy, but if you form a plan and stick to it, you'll be able to create a new source of passive income for yourself. Affiliate marketing, partner programs, and subscriptions are some of the ways through which you can earn money.
What is Quora?
Quora is a question-and-answer website based in the United States. Quora is an intriguing site that feels like a mix of a search engine and a social network, but its goal is to provide you with answers as well as allow you to answer questions for others in areas where you have expertise.
Who is the founder of Quora?
Adam D'Angelo and Charlie Cheever created Quora in June 2009. The company's headquarters are in Mountain View, California.
Is there a fee for asking questions on Quora?
Quora does not pay for questions, contrary to popular perception. They just split any revenue generated by ad impressions on the answer pages as a result of the queries asked.
Is Quora a safe site?
Quora is just like any other social media platform on the internet in terms of security. The Quora website is extremely secure against cyber-attacks. Moderators constantly monitor the website's content for sensitive or abusive stuff that needs to be removed.