As we are moving ahead and discovering new ways to make online money, I hit upon an idea to share another new way with you all and that is making money with Yahoo Answers. I know many out of you must be astonished as I was, because Yahoo Answers never inspired me also. There are many places to find quality links so it gives tiring opportunity to find questions and then making research to develop its answers.

Yahoo Answers is becoming high traffic social networking site and experiencing exponential growth day by day. There are million people who are searching answers to their specific questions and this is the main point which gives us multiple opportunities to make money with Yahoo Answers. Google ranks this site extremely high and this thing makes your answers very valuable for Page Ranks when you provide your backlink.

There are many ways to make online money with Yahoo Answers but I will discuss just few of them. The first method is to use Yahoo to drive traffic to your own blog or website and the second method is to promote other people’s products (affiliate marketing) in exchange of commission. You may have noticed that these methods do not directly make any money. 

Focus on finding questions that is related to a problem and can be solved with a useful product or service, write a thoughtful answer that provides solution, recommend product and then in the end provide link to an article on your site that review the product or is linked to the product for which you are marketing. For instance, another way is if you are having a blog of online money making and someone has asked question related to any technique or eBook, you can tell them in a mannered way and then give them link to visit following blog for more thorough answer or buying particular product. If he visits your blog and you are sure about the quality of your content and outlook of your blog, you have surely added a new consumer. This thing will make a lot of money over the passage of time since you will be able to promote yourself to them over and over again.

Keep one thing in mind that there is lot of competition while making money with Yahoo Answers. You are not the only person who is posting his links to every answer you give there are other people also who are doing the same. You need to make special effort to come up from all of them so the best way to ensure that your links are clicked is to write custom answer for each question. Another notable point is Yahoo let you post your clickable links after level 2 and level is gained by answering each question you take and this thing makes points for you and after certain number of points you achieve next level.