How I Make Money Online

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.

Advertising

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.

Freelance Writing

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?

Edwin C

Edwin is a marketer, social media influencer and head writer here at Money In The 20’s. He manages a large network of high quality finance blogs and social media accounts. You can connect with him via email here.

12 thoughts on “How I Make Money Online

  • June 21, 2011 at 12:17 pm
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    This is really interesting, Crystal! It seems like you’re right that there are faster ways to make money online than blogging, but you’re income looks great now!

    I think the third part of helping other bloggers with advertising is really interesting and something I hadn’t heard of before. Sounds like you’ve built that up to a nice income, too.

    Reply
    • June 21, 2011 at 1:33 pm
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      Yep, I have worked very hard to make sure that working from home isn’t a pipe dream. I honestly haven’t worked this long or hard on anything before and college with 3 part-time jobs while planning a wedding was a pain…but this is even more actual work. Yet, I love it! It’s work that I don’t mind waking up to do!

      Reply
  • June 21, 2011 at 1:49 pm
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    Bookmarked! Thanks for the insight Crystal. I’m very new to blogging so it all still seems like a big puzzle to work out….that’s part of the appeal I suppose.

    I think you are providing a great example of what is possible with some goal setting, and serious commitment. Thank you.

    Reply
    • June 22, 2011 at 7:14 pm
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      If you liked this, you will love my new site in a few weeks (I just started it this morning – it has nothing right now): howimakemoneyblogging.com

      Thank you and everyone for your constant words of support!

      Reply
  • June 23, 2011 at 8:45 am
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    Thanks for the breakdown on percentages… good to see where the money really comes from. I didnt even realize you did ghost writing.

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    • June 23, 2011 at 5:04 pm
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      Isn’t that the point of ghost writing? 😉

      Reply
  • June 23, 2011 at 12:02 pm
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    Great post Crystal – sounds like you have a good model that’s working for you. I just recently started my blog so these are good things to keep in mind. I’m definitely saving this post to reference later!

    Reply
  • June 25, 2011 at 11:52 pm
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    You truly define a new class of blogger! I think such a class should be called the “Super Blogger” class!

    I can’t wait to read where you are 2 years from now!!! I had no idea that you do as much work as you do!

    Congratulations Crystal!

    Reply
  • July 10, 2011 at 11:42 am
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    I’m intrigued by your services you offer bloggers regarding ads. In your experience, what kind of page views (or other stats) are needed before advertisers become more interested?

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    • July 11, 2011 at 11:20 am
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      I received my first advertiser as a PR0 with less than 100 pageviews a day, but they really started contacting me after I received a PR2, then PR3 with 350 or more pageviews a day.

      Reply
      • July 11, 2011 at 12:06 pm
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        Okay, I have the PR, now I just need the daily views 🙂

        Reply

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