When Dave brought up making money online as an idea for a post, I immediately thought it would be easy for me to write about my pursuit of that new, international dream. Yet I have rewritten this intro paragraph 3 times. I will definitely write about how I am making money online, but please understand there are probably a thousand faster ways to make money than blogging. It has taken me 16 months to make about $20,000. Here is how I am now making $2500 or more a month and am thisclose to working full time from home.
I bet most of you know that those little banners and pictures on blog sidebars are advertising. Well, we bloggers usually sell that advertising space on a monthly basis. We also try to sign advertisers up for more than 3 months at a time since monthly payments are way more annoying.
Other than sidebar space, some bloggers also accept sponsored posts. In my case, those are guest posts that companies pay to have put up on my site. Actual guest posts do not link back to businesses and are posted for free. Sponsored posts can bring in a pretty penny once a blog has decent traffic and some link juice with Google.
Lastly, there are paid for hyperlinks. This is when a company pays a site owner a certain amount for a monthly, annual, or permanent link to their own site. That link is usually in one of the sidebars or placed in old posts.
Overall, about 40% of my monthly online income comes from advertising I sell at Budgeting in the Fun Stuff.
I also make money online as a freelance writer for other blogs. I am a staff writer at 7 blogs now including this one and write 8-10 staff posts a week. That brings in about 20% of my monthly online income now.
In addition to that, I post daily on my own site and I hire myself out as a ghost writer once in a while. Ghost writing is simply getting paid to write a post and give it away – no attribution. I personally get a little kick out of seeing my ghost written posts pop up all over the internet since advertisers sometimes pay me to write the sponsored posts that they put up elsewhere. I actually leave comments on my own posts sometimes, which I think is a hoot. I only sell one or two ghost posts a month right now, so that is less than 5% of my online income.
Help Other Bloggers with Advertising
My most recent freelance activity is to help other bloggers answer all of the advertiser emails they receive and negotiate the deals for them. It’s fantastic for me since that part of blogging is almost as fun as answering comments! Plus, I am usually helping someone out who simply doesn’t have the time to handle that stuff. In return, I get a commission on every deal I work. I only get paid when my clients get paid. This has been bringing in the last 35% of my online income so far.
As I build up a successful advertiser contact list and keep referring them to all of us, I am hoping to increase everyone’s profit in this area. I think this will be the key to my long-term goal to work from home since I try to impress the living bejeezus out of my clients and keep my commission rates lower than any other marketing firm I have met. I am finally putting my cum laude Marketing degree to work!
I hope this helps explain how I make money online and inspires you to look into your own areas of interest too!
How do you make money online? Any questions you’d like to throw my way?