3 Effective Ways To Earn Money On Quora

Quora is where we go to find answers that not even Google can give us. Quora is a website where many intelligent people, government workers, and experts share their thoughts. Quora is a great platform that doesn't get enough attention. It has better than 190 million active users and 300 million unique visitors each month.

Quora is one of the places online that is growing the fastest, and there are more than 400,000 places to talk about things. In September 2015, only 80 million people visited Quora every month. By 2018, the site had more than 300 million monthly active users.

Quora doesn't have a straightforward way to make money like YouTube, Instagram, and other social media sites. Surprisingly, Quora started making money in 2016. Before that, they didn't want to show ads that weren't relevant, but they changed their mind and now use that model.

 What is Quora? How does Quora earn money?

Quora is a social media site that started in 2009 and went public in 2010. Anyone can sign up for a free account on Quora and ask the community questions. Anyone can also answer a question if they want to. Before 2016, Quora didn't make any money.

Instead, it used the funding to cover its costs. In 2016, they changed how they made money by showing ads to users. This was the first time there were ads on the platform. Later in 2016, they made $20 million, which keeps going up yearly.

They also have a plan called Quora Plus that you can sign up for monthly or yearly. Before 2016, people who made Quora didn't make much money, but now they can make a good amount. As of right now, there are a lot of ways to make money. Here are the three best ways to make money on Quora.

 3 practical ways to make money on Quora

 Quora Partner Program

Quora runs the official program called Quora Partner Program. Quora says you can join this program if you use the platform often. Once you combine, you can create money by asking questions on the forum.

How to join Quora's Partner Program?

It isn't easy to join this program because you can't join Partner's program. Quora is the only one that can invite you to join the Partner Program. Only Quora can use your email address to invite you to join the program. Here are what you require to perform to get an invitation from Quora. However, some users said they got an invitation before meeting these requirements, even though some said they must wait a long time after completing their needs.

Criteria for joining Quora's Partner Program:

●        It would assist if you had more than a million views.

●        You ought to actively participate on the platform and ask questions often.

●        Your responses should be honest and trustworthy so that people will see you as a real Quora user who cares about the site.

●        It would help if you filled out your complete profile, including a picture, description, education, etc.

●        Your queries should be ordinary and spread quickly so Quora can profit from you.

How much can you make with the Quora Partner Program?

Once Quora invites you, and you say yes, you'll get a cut of the money based on how many people see your question and how much it makes from ads. You can expect $2000 a year, and as your question gets more views, it will slowly go up.

Here are the advantages and disadvantages of Quora's Partner Program:

Pros:

●        You'll get passive income.

●        You will be compensated for your views.

Cons:

●        Hard to get in: it's hard to join.

●        They have cut back on how many invitations they send out.

●        Only if they put ads on your questions can you make money.

Affiliate Marketing

Affiliate marketing is the primary method multiple Quora users make money. Affiliate marketing is a type of advertising in which you get a commission immediately if your campaign leads to sales. More than 300 million new people visit Quora every month, making it one of the best places to market.

Let's look at how things work with an example,

●        Alex does affiliate marketing for Amazon and has signed up for an Amazon associate program. He writes about books on Quora and puts his affiliate links in answers about books.

●        One day, his answer about a book called "The Intelligent Investor" went viral, and now he gets more than 50,000 views. Only 500 people bought the reader through his affiliate link after reading his answer on Quora.

●        The book cost $15, and he only got 5% of that, or $0.75. Five hundred people bought the reader through his link, so he made $375 in commissions.

We used the Amazon affiliate program in this example, but many other affiliate programs have very high commission rates.

Pros:

●        Passive Income

●        Easy to sign up for, you can join more than one affiliate program with no money.

Cons:

●        Getting things done takes time.

●        There are a lot of websites that offer low commission rates, like 1%, which aren't worth the time.

Quora Space Subscription

A Quora space subscription plan is a method for people to get access to Quora's premium content. The monthly plan costs $6.99 per month, and the yearly plan costs $3.99 per month. After you buy the program, you can peruse Quora without seeing ads and get to Quora's paid content. Now, if you write for Quora, you can use a Quora space subscription plan to make money.

As a Quora writer, you can create your own space on the site and post free and paid content. Everyone will be able to use the free content, but only Quora + representatives and your space subscriptions will be able to use the paid content. If you believe your content is valuable enough that you could charge people to see it, you can put it behind a paywall.

Here's some information about space subscriptions.

●        As the owner of a Quora space, you can decide how much the subscription costs.

●        The subscription costs at least $0.99 per month.

●        60% of the subscriber income will go to you, and 40% will go to Quora for letting you use their platform.

●        For instance, if you charge each member $10 per month and have 50 members, your total income will be $500. Only $300 will go to you, and the other $200 will go to Quora.

●        In your post, you can also put up free content.

●        Your subscribers can read all of your posts, both the free ones and the ones that cost money.

How to Make a Quora Space?

●        Step 1: To make space on Quora, go to Quora and sign in to your account.

●        Step 2: Click on Profile and then Monetization.

●        Step 3: Click on Making a Space.

●        Step 4: Give it a name and a short description, and click Next if the name is available. You have now successfully made a space! Add your content to it, and then you can put it behind a paywall so that only premium subscribers can see it. Here's how to do that.

●        Step 5: Go to your space. To go straight to your area, type your space's name, followed by quora.com. For example, my space is Pratham Sawlani's Space, so I'll order prathamsawlanisspace.quora.com. Tap "Get Started" after going to your space.

●        Step 6: Read the terms and conditions, then tap Enable Now.

●        Step 7: After that, you can choose to monetize your content, do marketing to get premium subscribers, and make money on Quora.

Pros:

●        High Revenue

●        Regular Revenue

●        Profitable Community

Cons:

●        40% of revenue will be taken out.

●        Getting subscribers is too hard.