Today I am going to reveal some of the Wildest Money Making Strategies on Quora Hand Picked From my Book on Quora Growth Hacking.
There are literally 1000s of ways you can make money online. You can go search on Google and 100s of articles will pop out in Google Search.
In this specific post, I am going to share with you 5 Ways you can Make Money on Quora!
I have implemented some of these strategies and some are based on my Own Experience on Quora.
Word of Caution:- There is no Get-Rich-Quick Scheme. Each Strategy takes time and effort. If you are here and want to get rich quickly or make money fast, then this article is not for you 🙂
Let’s Get Started one by one!
Quora Money Making Strategy 1
By Writing Answers.
Yes, you heard it right.
Let me tell you how.
Choose the topic that you are interested in and start writing Quality Answers. I have personally used this Strategy to Make Money.
Having a Niche is Particularly Important.
If you don’t know your niche yet, I would advise you to analyze yourselves & the market. Analyze what your skills & knowledge are.
Overthinking about what niche I should pick, would lead to picking up no niche. First start with your niche & then pivot yourselves.
So don’t overthink there. Will you promise me that?
Just go with it. If after some time you think it ain’t working, backtrack! As simple as that. That’s how businesses adjust. That’s the MACRO part of the Entire Business. You need to adjust accordingly.
If you want me to create a separate post on How to pick a Niche, comment below.
After you start writing good quality answers/articles, Businesses will directly approach you to write answers for them. They will get impressed by your quality writing and engagement you are getting.
It looks unbelievable at first. I too was shocked when one of the Big Company In India approached me.
There are businesses who are looking for Good Quora Writers. You might be the one.
They gave me $14 /Answer I wrote. Total Answers Written 3.
3 Answers:- $42
Quora Money Making Strategy 2
By Being a Quora Micro or Nano Influencer.
Who are Micro-Influencers?
According to Impactbnd.com,
Micro-influencers are individuals that have between 1,000 to 1,000,000 followers/audience members and are considered experts in their respective niche.
They could be a food blogger, traveler, a local fashionista, or a fitness guru – just to name a few.
These smaller, more focused niche experts connect on a deeper level with their audiences and generate greater engagement
- If you have a great engagement rate with good quality answers in a particular topic, you can become a Micro-Influencer on Quora and Make Money.
- This method is somewhat similar to Method 1 but this is a more professional way of putting things in perspective.
- I Personally Have Written Answers for Big Broking Company In India. I used to write on Personal Finance + Stock Trading Earlier.
They got their eyes on me and I got a message from an Influencer Marketing Company on Quora. Initially, I was shocked to hear.
But when things went ahead, I got clear that this wasn’t a scam or something. I got ahead with the project and took the Gig.
It was Insane!
- Make sure you write 100% Quality Answers for your audience.
- Optimize Your Quora Profile. Include Images/CTA links inside your BIO.
- Interlink Your Answers Well so that your Answer Views Gets Accrued in the Long Term.
- Establish Thought leadership by invoking Storytelling inside your answers.
- Don’t write on General Niches. Pick a specific niche and write on it consistently.
If you want to know more about How You Can Make Money on Quora by Being a Micro-Influencer, I have dedicated an Entire Chapter in my eBook here.
Quora Money Making Strategy 3
Do you know how to run Quora Ads?
I have some good news for you 🙂
It is easy to get started with Quora Ads as opposed to FB Ads or say Google Ads because Quora Ads are not at all complex and very easy to understand.
Besides Quora has a lot of under-leveraged traffic, meaning most of the traffic is high quality.
They are in research mode all the time. That is why they have come to Quora. And if you are able to showcase exactly what your customer wants in the form of Quora Ads without breaking their flow of reading, then you are in a good direction.
There are a lot of things you can do with Quora Ads. Like Promoting an Answer, Running an Image Ad( Just like you see on FB ads), etc.
If you learn How to Run Quora Ads Successfully, you are having a super skillset right in your hands. I have taught the Entire Quora Ads in my book Quorific in case you want to learn.
Check the Targeting Capability Inside Quora Ads.
You can run Quora Ads for other clients & Start Charging Them.
If you don’t have this skill set, you are missing out on tons of opportunities out there. Believe me.
Quora Money Making Strategy 4
By Becoming a Quora Partner.
Quora gives money to those who ask questions. Isn’t that cool?
But there’s a catch.
Not everyone can Enroll in the Quora Partner Program. It’s an Invite Only Program.
To Get Started,
- You need to ask around 8–10 Questions that can become popular on the Long Term Perspective on Quora.
- And you will get an Invite From Quora Itself to Join the Partner Program. Then You can Start Asking Questions on Quora.
- Little Tip Here:- Ask those Questions which can get more Views + Engagement for Long Term. Be Unique in Asking.
- Quora gives more priority to the views that are accrued from the outside. Meaning if your question is being searched on Google and the User landed on the Quora Page from Google. You will get more money.
According to Quora:-
- The top-earning partner has earned $26,897 and asked over 8,000 questions, averaging about 45 questions per day
- The top 10 earning partners earned an average of $9,189 and asked 11,256 questions each, averaging 61 questions per day
Here’s how it Looks Like:-
Quora Money Making Strategy 5
You are in Luck Today. This Strategy is still not known to many. I am going to reveal it here today.
Making Money by having your Own Quora Space.
- Create your own Quora Space. You can find in the Spaces Section.
- Once you are done with this, it is time to Grow your Quora Space. You need some good following.
- I know it will take time and effort. But without that how can you Earn Money, right?
- Now you can charge people to share links on your Quora Space. Because that will drive traffic to their sites & you are helping people get more traffic by using your Quora Space.
Since Quora Spaces acts like a bridge for bringing in more quality traffic, so why not use it as leverage and charge for using your Own Quora Space.
Another way to Earn money using Quora Spaces are by Ads.
Quora will also share revenue with Space Owners once you start getting ads in your Space.
So For Eg:- If your space is getting $100/day Ads by Advertisers, you might get $20/day.
The revenue share percentage is still not clear.
But this is another source of small income.
Before Ending I will say this, Making Money Online Takes Time. It’s difficult. It is not how some gurus have told you.
There is no Get-Rich-Quick Scheme. If there is any strategy that makes money fast, remember that it will not last long term.
There are tons of opportunities out there. You just need to grab one 🙂
P.S:- You can check my book on Quora Marketing, 119 Pages, and 14 Value Chapters on How to Use Quora to Get Quality Traffic, Generate Leads & Sales.
Not sure? Join the Free 3-Day Quora Marketing Email Series Workshop Here.
Thanks for reading
Do share this post to someone who wants to make money using Quora 🙂