Monday, June 15, 2009

How To Make Money With: Yahoo Answers

This is post #2 in the "How To Make Money Series".

Yahoo Answers is a community driven Q&A service powered by Yahoo. Users can ask questions, answer questions or browse the huge database of questions and answers. Because Yahoo is one of the most trafficked sites on the internet, Yahoo Answers is also highly trafficked which presents a variety of benefits that can be leveraged in many ways to make money.

So how can we use Yahoo Answers to make money?

You will need:
  • A Yahoo Id (sign up for a Yahoo Mail Account.)
  • A domain name or website or blog
  • Affiliate program
  • Research skills
  • To be very careful
  • A URL tracker like My-Linker
Here are a couple of ways to make money with Yahoo Answers.

>> Answer Questions Knowledgeably

This is the most popular way to make money with Yahoo Answers. You answer questions in your area of expertise and drop a link to your website or affiliate offer.

However, its not that simple. Before you go get yourself banned for spamming here's a few things you should do first.

Set up your profile - Yahoo Answers allows you to use an avatar on your profile page. Be sure to use an avatar and fill in all the other details. You can use the about section to provide information about yourself and you can link to your websites. When answering questions, people will often check out your profile...don't leave it empty.

Be familiar with the rules - Specifically, provide answers that are relevant to the question and only link to relevant pages that adds to your answer.

To make money answering questions on Yahoo Answers here are a few suggestions.
  1. Pick a category where you can showcase your expertise. It would be easier to answer questions and participants will recognize that you know what you're talking about.

  2. Your ultimate goal is to get the best answer. Not only will you recieve more point, your answer will move to the top where it is most visible.

  3. Use Google to research your answers so that you can provide the most useful answer.

  4. Search engine optimize your answer, especially if the question already has keywords in it. Also try writing the answer as long as an article with reference links. When these show up in the search engines they can generate a lot of traffic since Yahoo Answers ranks very high at times.

  5. While you can link to to your affiliate program (you can't submit Clickbank links however), its better to link to a page on your website or a blog post where the reader will find more info.

  6. If you're marketing different niches, you might find it convenient to set up a different profile using a separate email address. Just don't use the account to vote for your other answers and you'll be ok.

>> Use Yahoo Answers for Niche Research.

Because Yahoo Answers has a database of questions that is over 3 years old it is a great place to do niche research. Many of the questions get asked over and over and point to problems that a specific target audience might have. You can use this to your advantage to make money online.

I've written a very detailed post at kpfingaz.com on how I go about doing niche research with Yahoo Answers to make money. You should definitely check it out.

Some of the things you will uncover when doing niche research on Yahoo Answers will put you in a position to give your target audience more relevant content and solutions to their problems.

You will find:
  • Burning questions that define what your niche is looking for.
  • Low competition long tailed keywords you can use for article marketing.
  • the lingo commonly used in your niche - use these and you'll be percieved as an expert
  • hot products to promote that people are already talking about.
  • hot products advertisers are already promoting
  • and more.
Read the article on Yahoo Answers for Niche Research.

>> Resources

Further Reading:
Domains
Websites
Affiliate Programs
Url Tracker



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