If you have your own blog, Facebook or MySpace page, you already have the framework for creating extra money for yourself from home. Time that you have spent adding friends and blogging doesn't have to be for nothing. Affiliate programs can be a great way to add some extra money to your pocket.
www.Lemonade.com. You can go to lemonade.com and build your own virtual lemonade stand filled with products that you recommnend from stores like Macy's, Gap, PetSmart, Wal-Mart, and the list goes on and on. Whenever visitors to your blog, Facebook or MySpace buy anything from your recommended list of products in your virtual lemonade stand, you earn money. You can keep the money or donate it to a charity.
Another affiliate program you probably have already heard of is Google Adsense. Now, while Adsense is a very quick and easy way to begin earning money on a blog or website, unless you #1) build several websites and/or blogs or #2) achieve massive amounts of traffic to your website or blog, you're likely not to see big amounts of income from Google. I, in fact, earned up to $3,500 per month with Google, however my tactic was to build a large number of niche websites that achieved a decent search engine ranking.
Clickbank is an affiliate program that I would highly recommend if monetizing your blog or website is your focus. Once you sign up as a publisher, you can either display ads or create links for products in your actual content. Choosing products that will be targeted towards your readers is key in this process. Whenever someone clicks on an ad link in your content or on a diplayed ad on your blog or website and makes a purchase, you will get paid a commission on that sale.
The most profitable way to earn money from your blog is to sell your own product, e-book, or advertising.
Obviously you will maintain all of the profits from the sale of your own product or advertising. Again, you'll need to target the products or e-books toward your readers.
You can sell advertising on your blog on your own, simply by letting your readers know how to contact you for advertising, or you can use scripts like OIO Publishing that will put your advertising space on auto-pilot for you. This is a good thing if you don't want to have to keep up with payments, ad display times, and stats for your advertisers. With OIO Publishing, you still get to keep 100% of your advertising sales. The script is NOT free, though. It does cost $47 to purchase currently. For the month of April, only, they are running a special with coupon code BLOOM-MOMS which would give you a $10 discount off of the price. If you have a Wordpress blog, the installation is as easy as installing a plug-in.
I would like to add that good content for your blog or website is the foundation for gaining readers, traffic and eventually income. Shortcuts do exist, but if you do not have good content, they will not help you in the long run.