How much can you earn? Blogger Alexis Schroeder of FITnancials says she frequently earns $3,000 per month with sponsored posts. However, some blogs with more traffic can easily earn $20,000 per sponsored post or more.If you plan to do sponsored posts, I definitely recommend only working with companies you believe in and feel good promoting. If you promote anything and everything without making sure it aligns with your values, you probably won’t gain a lot of trust from your readers. Over time, this could hurt your efforts to grow your website more than the income from sponsored posts helps.
If you don't believe me, check out Making Sense of Cents. Michelle Schroeder-Gardner is the entrepreneur behind this blog, and she is also the founder of a course called Making Sense of Affiliate Marketing. Through her website and course sales, Michelle consistently earns over $100,000 per month. No, that is not a typo.
Some freelance writers I know are even earning six figures or more writing from home each year. This includes blogger Holly Johnson, who earns over $200,000 per year writing articles for other websites. Johnson also offers a course you can check out if you want to become a freelance writer but need some help getting started.
How much you earn depends on the type of niche you wind up in. According to recent statistics, executive coaches make around $325 per hour while business coaches make more like $235 per hour. Life coaches, on the other hand, are able to charge approximately $160 per hour.If you’re an expert in your field and people are constantly asking to “pick your brain,” you should start charging people . Your time is valuable and so is your advice!
If you sign up for my free Make 1K Challenge where I show you how to start a blog and make your first $1,000, for example, I have a $7 upgrade that includes some PDFs and behind the scenes video. While $7 doesn’t sound like a lot of money, this one product still helps me earn an additional $1,500 to $2,000 per month passively!
Another example of digital products is the wide world of printables. Lots of online entrepreneurs create digital products their customers can print at home, and they often make bank doing it. While many bloggers have their own printable budget templates, meal plans, or checklists, you can also find examples on Etsy.com.
In a post I wrote on how much YouTubers really make, I shared how some YouTube stars have courses of their own. For example, famous real estate YouTuber Graham Stephan earns a ton of cash selling real estate courses through his Real Estate Agent Academy. How does he earn so much? His courses start at $497 each. That's just one example, but there are plenty of others.
There are so many ways to invest online these days that there is literally no excuse not to. I am tired of the excuses, so start investing your money to grow long-term wealth today.#
Which peer-to-peer lending platforms should you sign up for? David Galland of Gallan Research dove deep into every option a few years ago. Ultimately, he said that the best peer-to-peer platforms for investors were Lending Club, Prosper, Upstart, and Funding Circle.
For example, several popular YouTubers have their own stores they use to sell physical products. Jeffree Star sells makeup, for example, and Jake Paul sells all kinds of fan gear through his online store. You can also head to to Etsy.com and find all kinds of entrepreneurs selling homemade soaps, unique home decor, T-shirts, and pretty much anything else you can think of.The bottom line: Physical products can also help you earn real money, so make sure to explore the different products you could sell. This could mean drop shipping products you market as an affiliate, but it could also mean coming up with your own product to sell.
Personally, I have bought several sites over the years including FinanceforTeachers.com. I haven’t done anything with the site since I bought it a year ago, but it still helps me earn $100 to $150 per month with no effort at all.If you want to check out websites and URLs that are currently for sale, head to Flippa.com.
Finally, you can also consider writing a book. I wrote a book called Soldier of Finance several years ago, but I am still selling copies to this day. The growth of my YouTube channel has been a big part of that, which I am eternally grateful for.The cool thing about a book or an eBook is that, once it’s out there, you can just keep selling it over and over. Plus, you can write a book about any topic you want! If you’re interested in any topic, hobby, or idea, chances are other people are as well.