It was a game-changing moment for me since this realization helped me begin this amazing online journey that I am so grateful for.
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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.
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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.
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In fact, I was oblivious about the fact you could make money online. Fortunately, I met some mentors along the way that showed me I could use my online presence to earn real money.
This was such a huge mindset shift for me since, until then, the only way I knew how to earn money was by going out and getting more clients. 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.
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.
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If you are doing this on a consistent basis, your website is going to tank over the long-term. How much can you earn?
If you plan to do sponsored posts, I definitely recommend only working with companies you believe in and feel good promoting. Over time, this could hurt your efforts to grow your website more than the income from sponsored posts helps.
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 make a lot of money on the site like online brokerages, online banks, and financial tools.
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. No, that is not a typo.
Think of display ads as billboards that are on your website instead of on the side of the highway. With display ads, you get paid based on the number of times your ads are viewed no matter what. For that reason, these ads will work better for you as the traffic to your website grows over time.
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Another benefit of freelance writing is that you can gain exposure by writing for larger websites. Some freelance writers I know are even earning six figures or more writing from home each year.
And the best part is, anyone can set one up! They are online tools that come with pre-designed templates. All you have to do is pick a template, add your own content and products, and embed any features you need. Features are things like subscription forms or website analytics. Most basic features can be found already built into Shopify and BigCommerce, but both provide app stores where you can install any extras needed.
Johnson also offers a course make a lot of money on the site can check out if you want to become a freelance writer but need some help getting started.
This strategy worked great since my online presence helped me build authority and reach people I may not have reached otherwise.
In fact — turning a part-time, hobby blog or website into an income-generating asset is fairly common with a bit of luck and some hard work. At the very least, you should be able to make enough to cover your basic expenses for a domain and hosting. You might even be able to replace your income and then earn some more. Keep in mind that the strategies listed below range from easy and passive, to the ones which require a TON of on-going work so make sure you pick something that suits your site and lifestyle preferences.
If you have a service-based business of any kind, I would absolutely suggest starting a blog or building an online presence you can use to get new clients.