You can earn up to 20,000 in a day!

I’ve been a financial advisor and entrepreneur for many years, and I have had some big successes along the way. On days where I receive a big payday or one of my ideas works well, it’s hard not to be completely overwhelmed with pride. Still, none of my earlier successes compare to the first day I made Rs.20,000 on the internet within a 24-hour period. Something about getting a Rs.20,000 check from Google just blew me away — even though I was earning well over six figures in my career.

It was a game-changing moment for me since this realization helped me begin this amazing online journey that I am so grateful for. While it’s been a long time since I had my first Rs.20,000 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. At the time, I didn’t know anything about online marketing, social media, or SEO. 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. I didn’t know it at the time, but I would eventually replace my full-time job with blogging income alone.

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 Rs.20,000 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 Rs.20,000 check.

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.

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.

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.