Teens Make Money Online With Pinterest

About a week ago I made this website a Teens Make Money OnlinePinterest page. After pinning some of this websites articles, I kind of forgotten that I had joined the website. Earlier today I logged on to find that I had over 100 followers. Not too bad for literally making a page, pinning some articles and forgetting about it. Now my goal by joining Pinterest was not to make money for myself, but instead to get Teens With Money some more exposure through social media marketing. But the fact that I was able to get so many followers by doing literally nothing made me wonder if it was possible to monetize a Pinterest board. I went to Google and discovered that yes it is possible, and it’s actually quite easy. Let me share with you a few ways.

Promotion of Affiliate Links

Clickbank is an amazing way to make money online through affiliate marketing. For those of you who don’t know what Clickbank is, it is a website that pays its users to promote others products. For every sale that you make through your referral link, you are paid a commission, and usually a pretty hefty one at that. The secret to making money through affiliate marketing is to find a specific niche of products and promote those products on a website that you have created. For example, you could promote health related products and create a fitness website where you promote these products, given that you know information on fitness related topics. After you have your niche of products and website created, make a board on Pinterest and pin articles back to your website where visitors can see and click on your affiliate products. I was able to get over 100 followers without following anyone back, which speaks volumes to how easily your content is seen on Pinterest. If you take the time to strategize a plan and follow people who will follow back, you could probably get thousands of followers a week. The secret is just to create a lot of content and pin all of the content that you create. These followers will translate to more doors to your Pinterest boards and ultimately more affiliate sales. It really is very easy to manage this method and is perfect for teens making money online.  If you havent already check out my post, How to Make $100 a Day With Clickbank for Noobs for a very easy way to make a ton of money through Clickbank as a teenager or college student.

Offer a Service

If you have a talent that others are willing to pay you for, then Pinterest is the perfect way to make money for yourself. For example, say you are really good at editing videos or designing websites. Create a portfolio board on Pinterest where you can show-off your video editing or website design skills. Another idea could be to create a testimonials board where you showcase positive testimonials from prior buyers. This is a great way to get your name out there and show others how legit your service really is. You could also create a board where you promote a tip each week on your prospective talents so others are drawn in to follow you and maybe even pay you for your work. The more traffic that you have to your boards means the better chances that people will pay you for your service.

Make Money With Adsense

By pinning articles from your website to Pinterest you will ultimately be increasing the traffic to your website. This is very similar to making money with affiliate marketing, but visitors will click on your Adsense ads instead of buying an affiliate product. You could even be promoting affiliate products on top of your website’s ads so you have multiple ways to earn money through your website. When I first created my Pinterest account for this website I had no idea how useful it would be in my online money making journey. But since I have, the traffic to this website has gone up and I have a lot more money in my pocket as a result.

TIP: Use the website Piktochart to make custom infographics for your Pinterest boards. Infographics are informative pictures that are easy on the eyes and contain a lot of information. These attractive infographics are more likely to be re-pinned, which will increase your followers and website traffic, resulting in more conversions.

All in all, Pinterest is an amazing way to increase your websites traffic and gain exposure. By launching an effective Pinterest campaign you could see your websites traffic exponentially increase and hopefully make yourself more money. While you cannot directly make money through Pinterest, if you have a good strategy you can make yourself a lot of money online by utilizing it successfully. However, it is important to realize that Pinterest is all about the image you are pinning. If you dont have an effective image then no one will read your content and you wont make any money. As always, best of luck to you all!

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The Great Penny Debate Part II Why The Penny Needs To Go

Welcome back. Here in the second instalment of the debate on Pennies, we shall look at a selection of the arguments against the penny and for its abolition.

1) Value for Money
Many pro-pennyists counter-argue the idea that pennies are bad value for money for the government with the claim that, while pennies may well be financially inefficient, this doesnt mean their abolition will improve the financial efficiency of the Mint- in fact it may worsen it. They argue that should the penny be abolished, demand will rise for the next lowest coin- the silver nickel, worth 5 cents, which actually loses more money per coin than the penny. So, the argument goes, more investment will have to go into a bigger loss-making product should the coin be abolished.

With the cost of producing a nickel at 7.7 cents, and that of a penny at 1.26, this is theoretically true. Take the cost of making one dollar with either coin- it would cost (7.7*20) 154 cents to create a dollar with nickels, but just (1.26*100) 126 cents to do so with pennies. A 28 cent difference, quite decent proof that the penny is more cost-effective to produce. But this hits a snag- these figures are correct, but as of 2008. Seven years ago.

Today, the tables have figuratively turned. As of late 2014, a Nickel costs 8.1 cents to produce (a 3.1 cent loss), whereas a penny costs 1.7 cents to produce (a 0.7 cent loss). This may not seem to be a game-changing difference from 2008, but it makes all the difference. Today, making 1 dollars worth of nickels costs 162 cents. Making the same from pennies costs 170 cents. The prices of the two have crossed, to the point at which nickels are now more cost-effective than pennies- rendering the pennies causing greater financial inefficiency.

2) Productivity
Just as the potential rounding tax could have tiny but compounding impacts upon the spending of consumers, there already exists a tiny but recurrent way in which we lose because of pennies- not in terms of money, but time. Whether its spending time rummaging in our pockets for a few remaining pennies, or waiting to receive them as change, it wastes time- not in the short term, but the seconds add up and become minutes, minutes, over the course of a year or two, hours. Hours that can be spent being more productive, whether its a store employee gaining more time to perform other duties or the customer having more time to spend in town and buy other stuff.

Its difficult to imagine seconds making such a difference, but added up in the long term, they can. Economist Robert Whaples quantifies the losses that the penny can cause. Using the average American wage of $17 an hour, he evaluates every two seconds of the average Americans work time to be worth a cent, and thereon estimates that time lost due to the complications brought on by pennies can cost around $300m per year to the US Economy.

Whaples proposes that rounded sale prices would help improve productivity of the economy as a whole, not by giving one significant boost but by trimming the excesses, the little seconds of time wasted because of the business of handling pennies.

3) Are they Useful?
Have a look at this menu here. The price of a full dinner with multiple courses, at just 25 cents, is one that you might think is ridiculous, but that was how things were in 1900, the year this American bistro menu comes from.

Go forward to 1931, and food was still ridiculously cheap in comparison to the modern day. A penny could buy you an egg, or a pound of flour.

Today? Well, if you can find anything that I could buy with a penny in any store today Ill give you one (not that youd probably appreciate it). The fact is that pennies were not always the lowest valued coin- until 1857 you could get a half-cent, and currencies throughout the world have seen smaller denominations than a penny (think, for example, the British shilling). But over time, they have been taken out of circulation, for a number of reasons, but primarily because of inflation. Rising prices nullify the value of all denominations of money- and at one point we must re-evaluate whether any certain coin is necessary. We have very little use for pennies- so why should we carry on keeping them in circulation?

Economist Greg Mankiw summarises it effectively, stating "the purpose of the monetary system is to facilitate exchange... the penny no longer serves that purpose."


RECOMMENDED READS

2014 Biennial Report to the Congress (US Mint) http://www.usmint.gov/about_the_mint/PDFs/2014-rd-biennial-report.pdf

Congress Looking At Steel Pennies And Nickels (2008) http://www.nbcnews.com/id/24491928/ns/business-stocks_and_economy/t/congress-looking-steel-pennies-nickels/#.VR2wlZPF8yA

How Much Does It Cost to Make A Penny? http://blogs.wsj.com/economics/2014/12/15/just-how-much-does-it-cost-to-make-a-penny/

The Pennys End Is Near http://www.consumeraffairs.com/news04/2006/07/penny_sense.html

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