The estimated reading time for this post is 5 minutes
If you are looking forward to make money online legitimately, this is a good read for you. It does not matter how much you want to make online after every month. The same simplified principle you will later find in this post can be used. All you need to do is to use the numbers that correspond to your goal. The truth is, you might not know how the earth was created but everything after creation is simple mathematics.
Your goal might be too high to achieve but when you subject it to planning and execution, you will find yourself in the reality of your goal. So if I may ask, what is your goal? How much do you want to earn online by this time next month? Write it down now! Yours might not be $10, 000 a month, just write down yours. If you have done that, let’s proceed.
$10, 000 a month seems to much for some people, so I will use $10, 000 a year. is literally $833.33 per month, $192.31 per week, $27.40 per day or $1.142 per hour. Can you see that? If you can consistently make $1.142 every hour, at the end of the year, you will have $10, 000 in your kitty. That’s how simple it is. The big question now is, ‘How Do I Make $1.142 Every Hour?’ or ‘How Do I Make $27.40 Every Day?’ Before I show you how, I need to let you know that it is possible.
How Do I Make $27.40 Every Day?
There are various way by which this is possible. You can afford to stick to one or incorporate most or all. It is two ways. You can either choose one and magnify it or choose all and spread them over. You can make $27.40 every day from;
1. Cost Per Click (CPC) Ads
Let’s say you are running mainly Google Adsense on your website/blog. You will need impressions and clicks to make a lot from Google Adsense. Impression talks about the number of visitors to your website/blog. Clicks refers to the number of times the Google Ads on your website/blog was clicked (you should never click the Google Ads on your own website/blog).
Getting that clear, for impressions, you will be paid a certain amount for every 1000 visitors to your website/blog. For clicks, you will be paid a certain amount for every click. For clicks, let’s say that the average clicks is paying 5 cents, you will need 548 clicks daily on the Google Adsense ads before you can make $27.40 every day.
You can get 548 clicks daily if you have many websites/blogs. Also, your many websites/blog must be on a VERY hot niche that drives search engine traffic or compels clicks without you asking for it.
2. Cost Per Mill (CPM) Ads
Let’s say that you are running CPM ads on your website/blog and you are being paid $2 CPM per Ad unit. If you have 3 Ad units on each page (which is effectively $6 CPM per page), you would need 4,333.33 page impressions (visits) daily to make $27.40 every day.
3. Monthly Sponsorships
Let’s say that you sell ads space on your blog to advertisers on a monthly basis. To make $10, 000 in a year, you would need to sell $833.33 in ads per month. You might have 10 well performing Ad spots on your blog, this gives you $83.33 per advertiser in a month. You can achieve this if you have more than 1 top blog. Also, you can achieve this if you offer sponsored posts for advertisers too.
4. Low Commission Affiliate Products
Let’s say you are promoting affiliate products and your commissions were on average about 40 cents per sale. To earn $27.40 per day you would need to sell 69 products. If you are lucky to get an affiliate product that pays you more, you would not need to sell 69 products before you can make $27.40 a day. So if you want to solely promote affiliate products, you must find products that will pay you more. Find high commission affiliate products.
5. High Commission Affiliate Products
In this case you might be promoting e-books, produts & services which can earn you $8 a copy. You would have to sell around 4 a day to make $27.40 daily.
6. Really Big Commission Affiliate Products
In this case you might be promoting products like training courses, membership sites, site themes and templates, network marketing companies etc. Let’s take one that might pay out $100 for a yearly membership on a bigger product. In this case you need to sell 9 of these per month. At the end of the year, you would have made yourself well over $10, 000.
7. Selling your own Information Products (eBooks, audios, videos etc)
For example, if you sell your own eBooks at say $10 a sale, you would need to sell just over 3 a day to make $27.40 daily and hence $10,000 at the end of the year. This also works for other information product types. Know the cost at which yu-ou want to sell it and target the minimum number of sale you need to get to make such amount of money.
8. Selling your own membership subscription
If you sell your own membership subscription at $50 a subscription per year, you would need to sell a little bit over 16 subscriptions per month. This will get you to well above $10, 000 at the end of the year.
9. Selling paid reviews on your blog
Let’s say you sell paid reviews on your blog at $25 a review, you would need to sell just over 2 of these a day.
There are many other ways you can make money online. You might read this and say, you have a lot to do before you can reach your goal. Yes, you need a lot of work to earn that much at the end of the year. You just have to get something started. If I may ask, will you reach your goal of … (fill in the dots) a year the way you are handling your website/blog? If your answer is NO, you need to get to work now!
If you can do these 9 Practical Ways to Make $10, 000 or More per Month Online, you would be able to do this successfully for any amount you desire to start making online
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