How Much Money Can You Realistically Make Online in a Month?
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We’ve all heard about the myriad of opportunities that exist for making extra money online; but how much can you really make working on the web? Depending on what industry you want to work in, what your skills are, and how much time you have to offer, you could potentially make a full-time income from working online.
What Kind of Work Can You Do?
You’ll want to start by analyzing your current skillset. What are you trained or educated in? What do you have experience in? While some online money-making opportunities require little to no experience, with something like freelancing, you’ll have a much easier time attracting new clients if you’re well versed in your subject matter. The same goes for online tutoring.
Once you’ve identified what you’re good at, you’ll want to take a look at how much time you’re willing to dedicate to the job itself. Are you already working full-time and just need supplementary income, or are you trying to make online work your new full-time gig? Your answer will have an effect on the kinds of jobs you’ll want to choose.
While there are hundreds of ways to make money online, here are some of the more typical avenues that people take when venturing into the online market.
Blogging is a popular option for starting a cashflow. When you build up an audience for your blog, you can start monetizing the site; that is, advertisers will pay you to advertise their products and services to your users. The earning potential here is really only limited by how many ads you want to pop up on your site when someone visits it.
The best part about blogging is that it allows you total creative freedom. You could write about anything your heart desires and still be able to monetize it (within reason, of course). This method can earn you a few hundred to a few thousand dollars per month, depending on the size of your audience.
Another popular avenue for generating online income is taking surveys. Retailers will pay websites to gather consumer feedback and opinions, and in turn, those websites pay their users for their opinions on retailer brands and practices/products.
With such a high demand for consumer information, you’ll easily find surveys to complete in the comfort of your home. Start by making a profile on a site like Survey Junkie (You can read a Survey Junkie review here) and start earning virtual rewards or points that you can turn into cash or gift cards. This method won’t make you rich but will generate a few hundred extra dollars month if you’re consistent with it.
Affiliate marketing allows for other brands to advertise on your website or blog. Much like pairing up with a sponsor, you’ll be paid by your affiliates to advertise their products. The best part about affiliate marketing is that you get paid each time someone clicks on an ad; making for an entirely passive income! This could easily earn you a few hundred dollars per month with the right following.
Instagram and Social Media
Instagram is one of the most used apps in the world, and other social media sites like YouTube have a user base that is in the billions. This should scream opportunity to anyone that takes a closer look. With an Instagram account or YouTube channel, you can grow an audience, and once that audience reaches certain proportions, you’ll be paid to advertise certain products in front of your followers. This type of advertising can earn you anywhere from a few hundred per week to up to $9,000 per post.
All over the world, there are children and adults alike who need tutoring in one subject or another; whether it be high school algebra or music theory. If you’re a teacher or well-versed in your area of expertise, you may qualify to tutor online with platforms like TutorMe.
Tutoring is a great way to connect with new people while still making a decent amount of money. In fact, tutors can make anywhere from $10/hour for inexperienced tutors, to almost $50/hour for experienced teachers and tutors.
Create a Schedule
While you can have access to all the opportunity in the world, it means nothing if you don’t discipline your schedule. When you’re working from home or earning online, you’ll have to make sure to get online before you can make any money, and this can be difficult if you already have a full-time job and/or a family. Setting aside some time to complete your online work will ensure it’s always done and that the money never stops rolling in.
This is especially important if you’re making the transition from a typical 9-5 to strictly online work for all of your income. You’ll want to set a schedule that is similar to the work schedule you already follow, so you don’t get bogged down with distractions or convince yourself you don’t need to work on a particular day.
Realistically, you can make thousands of dollars per month working online, but it all depends on what kind of work you’re doing, which site you’re working for, and how much time you invest into it. Without the right discipline, you won’t be able to make very much, so set yourself a schedule and stick to it!
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