21 Ways to Make $100 or More Online in a Single Day
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.
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.
Now
that you know my backstory, it’s time to dig in to some of the ways you can
start earning passive or active income with the internet. 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:
Display Ads
Display
ads are very similar to Google Adsense except that the reader doesn’t have to
click on the ad for you to make money. 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.
#6:
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.
#7:
Getting New Clients for Your Business
When
I started my blog, I envisioned my website as a marketing tool to get new
clients for my financial practice planning. This strategy worked great since my
online presence helped me build authority and reach people I may not have
reached otherwise.
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.
This can help you build your client base just like I did, and it’s a lot more
fun than cold-calling or holding boring seminars.
#8:
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
#9:
Selling Leads
Once
I was a few years into Good Financial Cents, I started a second website called Life Insurance by Jeff. While we initially started this website to
build up our own leads, we got to the point where we had so many leads we
couldn’t handle them ourselves.
Eventually,
I found out that a handful of insurance companies were willing to pay for leads
generated through my website. These companies would pay between $35 to $100 per
lead, which is insane. This was a big eye-opener for me since I had no idea
this was possible.
Also
note that it’s not just life insurance companies willing to pay for leads.
There are a ton of different avenues and lead generation strategies out there,
so make sure to consider all the possibilities.
#10:
Digital Products
There
are all kinds of digital products out there, but there is always room for more.
I even have a few of my own!
If
you sign up for my free Make
1K Challenge where
I show you how to start a blog and make your first $1,000, for example, I have
a $7 upgrade that includes some PDFs and behind the scenes video. While $7
doesn’t sound like a lot of money, this one product still helps me earn an
additional $1,500 to $2,000 per month passively!
Another example of digital
products is the wide world of printables. Lots of online entrepreneurs create
digital products their customers can print at home, and they often make bank
doing it. While many bloggers have their own printable budget templates, meal
plans, or checklists, you can also find examples on Etsy.com.
#11:
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.
#12:
Investment Gains
Like
anybody out there, you can set up an online brokerage account and buy ETFs or
stocks. I’ve been able to make at least $100 per day off my investments for a
long time, and this income is some of my favorite since it’s entirely passive.
Keep
in mind that it’s crucial to have traditional investments in addition to an
online business that can help you rack up passive income. Just open an account
with Scottrade, TD Ameritrade, or another online brokerage and you’re good to
go.
There
are so many ways to invest online these days that there is literally no excuse
not to. I am tired of the excuses, so start investing your money to grow
long-term wealth today. #RantOver
#13:
Peer-to-Peer Lending
I’ve
been making money with peer-to-peer lending for a long time. With websites like
Lending Club, borrowers and investors can connect for mutually beneficial
financial transactions. On the investing side, you can invest in crowdsourced
loans for individuals who need to borrow money all over the United States.
Returns tend to be high on these loans, and you can use these platforms to
build more passive income for yourself while also helping someone out.
Which peer-to-peer lending
platforms should you sign up for? David Galland of Gallan Research dove deep
into every option a few years ago. Ultimately, he said that the best
peer-to-peer platforms for investors were Lending Club, Prosper, Upstart,
and Funding Circle.
#14:
Crowdfunded Real Estate Investing
There
are a lot of real estate investing websites out there, but the one I still use
to this day is Fundrise.com. With Fundrise, you add money to your
account and professional investors will invest your money on your behalf and
pay you dividends. If you want to invest in real estate without the hands-on
hassles of being a landlord, this is a great way to get started with as little
as $500.
#15:
Sponsored Social Shares
Like
sponsored posts on a blog, sponsored social shares take place a company pays
you to post about them on social media. This could be on Facebook, Instagram,
Twitter, or any other social media platform.
I
don’t do much of this, but my wife gets paid some fat cash to post pictures and
talk about things like furniture, rugs, and kid’s clothes. It’s almost funny to
me how much money you can earn, and it is surprising the kinds of things people
will pay for!
#16:
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.
#17:
Sell a Physical Product
Back
in the day, my wife and one her business partners had a subscription box
product called Happy Mommy Box. They had 1,000 customers that were paying $35
per month for these cute boxes full of products happy mommies love.
Eventually,
she got overwhelmed by it all and she and her partner decided to shut the
business down. However, this just goes to show what kind of opportunity is out
there.
For
example, several popular YouTubers have their own stores they use to sell
physical products. Jeffree Star sells makeup, for example, and Jake
Paul sells all kinds of fan gear through his online store. You can also head to to
Etsy.com and find all kinds of entrepreneurs selling homemade
soaps, unique home decor, T-shirts, and pretty much anything else you can think
of.
The
bottom line: Physical products can also help you earn real money, so make sure
to explore the different products you could sell. This could mean drop shipping
products you market as an affiliate, but it could also mean coming up with your
own product to sell.
#18:
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.
#19:
Buying and Selling Websites
People
buy and sell websites all the time for a variety of reasons. And, if you know
what to look for, it’s easy to buy websites that can help you earn some passive income over time.
Personally,
I have bought several sites over the years including FinanceforTeachers.com. I haven’t done anything with the site since I
bought it a year ago, but it still helps me earn $100 to $150 per month with no
effort at all.
If
you want to check out websites and URLs that are currently for sale, head to
Flippa.com.
#20:
Brand Sponsorships
This
strategy runs alongside sponsored posts, but it’s much more involved. Many
brands want more than a sponsored post when they work with you. In fact, they
are often willing to pay for some sort of sponsorship package that includes
written content, videos, social shares, and more.
I’ve
done a few of these over the years, and they can be very lucrative but also a
huge pain! But, if you’re willing to jump through some hoops and you have a
sizeable following, you can absolutely consider brand sponsorships as yet
another way to earn money online.
#21:
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 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.
At last:
While
these are some of the ways you can make money online, this list isn’t
all-inclusive. We didn’t talk about Facebook ads, retail arbitrage, membership
groups, or a ton of other strategies!
If
you need to earn more money on the side, remember to think about all the
different ways you can earn money with the internet. Even if most of these
strategies don’t sound like much fun to you, chances are good that one of these
ideas is perfect for your lifestyle and goals. Start earning money online and I
guarantee you won’t regret it.
