While it’s been a long time since I had my first $100 online payday, I have learned about a ton of different strategies to earn money online since then. And I want to share them all with you, one by one. But first, let me give you a little context about me and my story.
Around ten years ago, I started a blog called Good Financial Cents. While my website makes tons of passive income now, I initially built my blog as a marketing tool for my financial planning practice.If you’re interested in earning money online and in your spare time, check out these 21 ways you can earn $100 or more per day:
1: Google Adsense
When I started my blog, I faced a lot of restrictions as a financial advisor. As a result, one of the only ways I could monetize at the time was by using Google Adsense. With this income-earning strategy, you simply sign up and Google gives you a code to copy and paste onto your website. From there, Google does the rest and you get paid any time someone clicks on your ads and/or makes a purchase.
When I finally added Google Adsense to my website, I was able to earn my first $100 payout within around three months. This is pretty cool, but a lot of people have asked me how I earned so much with Adsense at first.
You have to keep in mind that, as a financial advisor, most of the ads on my website are for financial products that pay out rather well. If your blog is in a different niche like food or fashion, it may take you longer for your ads to pay off with your first $100 check.
2: Text Links
The second way I made $100 at first was via text links. If you’re wondering what text links are, check out any article on the web and you’ll see highlighted words you can click out to take you to another web page.
While I didn’t realize it for quite a while, there are a ton of companies who are willing to pay $100, $200, and even $1,000 or more for you to link from your website to theirs. But I was pretty stoked when a few companies would pay me $100 or more just for inserting a link into one of my blog posts.
Unfortunately, I eventually learned that selling text links is against Google’s terms and conditions. If you are doing this on a consistent basis, your website is going to tank over the long-term.
For that reason, selling text links isn’t a good long-term monetization strategy. You can do it every once in a while without any negative impact, but you’ll live to regret it if you get greedy and overdo it.
3: Sponsored Posts
With a sponsored post, a company pays you to talk about their product or service on their website. While I initially made $100 to $200 for each sponsored post I did on Good Financial Cents, I kept jacking up my rates over time.
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.
4: Affiliate Marketing
Affiliate marketing is one of the most lucrative ways to make money online. When I was able to add affiliate links to my website, I watched my income surge in a big way in a matter of weeks!
In the financial planning niche, affiliates include companies like online brokerages, online banks, and financial tools. These kinds of companies pay very good money if you’re willing to promote them.
While the type of affiliates you work with will vary depending on the niche you’re in, keep in mind that some companies will pay you up to $100 per conversion. It’s not too hard to start earning real money with that kind of return on your time.
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.
5: Freelance Writing
Freelance writing is another way to earn online income if you don’t mind earning some of your money with active work. Another benefit of freelance writing is that you can gain exposure by writing for larger websites.
One of the first websites I wrote for paid me $150 per article. This wasn’t a lot of money, but I used the opportunity to improve my writing skills and get my name out there. I don’t write as much for other people anymore, but I do know plenty of freelance writers who are earning $250, $500, and even $1,000 or more per article.
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.
6: Coaching
If you have expertise in a specific field, you can also use the internet to build up a coaching business. This is something that happened on accident for me. As I built my blog and my brand, a ton of people started reaching out to me to learn how I did it and how they could apply the same ideas to their own business. While I initially gave out advice for free because I enjoyed it, I eventually started charging a consulting fee.
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!
7: Online Courses
I’ve talked about my digital products before, but keep in mind that you can make nearly digital product on your own. It could be a PDF, a video series, or a course — whatever you think fits with your business model. Just keep in mind that you have to deliver the goods and make sure your product is high quality. If you sell crap just to make a buck, you’re going to lose street cred pretty quick.
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.
8: Selling Stuff Online
Another way my wife makes money all the time is by selling stuff online. She normally sells our stuff online via different Facebook groups. For example, we just sold this wooden hutch someone gave her for free as part of a social media sponsorship.
If you have items to sell and don’t mind spending some time creating free ads on Facebook or a website like craigslist.org, selling stuff is a great way to use the internet to earn more money.
9: YouTube Ads
Even though I used YouTube back in 2011, I didn’t even turn on ads until 2017. When I did finally turn ads on, I started making $5,000 per $6,000 per month!
YouTube ads are easy because all you have to do is turn on ads every time you publish a video. Obviously, you’ll earn more money with this strategy as you build your viewership.
10: Book or eBook
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.
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