Welcome to the April 2018 edition of the monthly Money Manifesto online income report.
Every month I share my online income with the world.
I share these reports to show others that you really can make a living working online and to keep myself accountable to my income goals.
Let’s see what I learned about self-employment in April then get to the income part of today’s report.
What I Learned About Self-Employment In April
April taught me a hard lesson I’ve known about deep down but finally acknowledged.
When it comes to running my website, I focus on the tasks that are familiar to me and easy to complete rather than the tasks I actually need to accomplish.
For instance, I’ve been writing for years so often I’ll simply write a new post rather than work on the behind the scenes aspects of blogging that I really need to work on to start growing my blog more.
Instead, I need to start working on social media and search engine optimization to help grow traffic to my blog.
My goal is to come up with a way to address this sometime in May. Hopefully it will lead to my blog starting to grow again rather than continue stagnating.
April 2018 Online Income – $6,479.83
April was another great income month coming in at $6,479.83. My current income goal is only $4,000 per month, so I blew it out of the water.
That said, this month could have been even better but one of my regular clients didn’t have any writing assignments for the month.
I made money in quite a few different ways this month. Here’s what has been working for me.
Freelance writing continues to be a major source of income for me. As I mentioned above, my income could have been even better this month but one of my regular clients didn’t have any assignments for me this month.
I’ll have some big news coming up that will likely affect how I look at freelance writing. For now, I focus on just a small handful of clients each month so I can balance my time between this blog, writing and my family.
Check in next month to see what’s going on.
If you want to get started freelance writing, I highly suggest Holly Johnson’s Earn More Writing course.
It gives you step by step instructions on how to get started and even has plenty of info experienced freelance writers could use to increase their income.
Traditional advertising continues to earn me a decent amount of money thanks to my move to Mediavine.
When you first start out blogging, your ad options are limited to some major networks like Adsense or Media.net which will earn you a bit of money but they don’t focus on maximizing your earnings.
If you get to the 25,000 sessions per month traffic mark with your blog, you really need to investigate switching to Mediavine to watch your traditional advertising revenue spike like it did with me.
Although my income has been growing month after month, I feel like it’s finally starting to level out with Mediavine.
Now, I need to grow my traffic to continue seeing increased Mediavine revenue which may be difficult as we head into the slow summer season for personal finance blogs.
Affiliate income seems like it is the holy grail of online income.
Essentially, you earn money for promoting other people’s products. When you send someone to the product and they purchase it, you get a commission. All you have to do is get people to go purchase that product.
The problem with affiliate income is promoting affiliate deals can seem really sleezy if you aren’t careful. That’s why I only work to earn affiliate income on products that I believe can help my readers or products that I use myself.
For instance, I love Republic Wireless phone service because we pay just $15 per month for unlimited talk and text and just $5 per GB of data. Since we only use 1 or 2 GB of data per month, our phone bills are crazy low and we save a ton of money.
I want you to save money, too, so I promote Republic Wireless. If you want to learn more about them, check out our very detailed Republic Wireless review.
Affiliate income has started to increase a little bit here at Money Manifesto, which is super exciting. However, it isn’t enough to get too excited about yet.
Ideally, affiliate income could end up being thousands or tens of thousands of dollars per month, but I’m nowhere near that level of income.
If you’re interested in learning more about affiliate marketing, I suggest taking Michelle’s Making Sense of Affiliate Marketing course. I plan on taking it later this year.
Branded content used to be a big part of my business, but I’ve slowly moved away from it. Essentially, companies pay me to post about their company on the blog or give me free products to test out and review on my blog.
In order for this type of content to really work, it needs to be things that can help my readers, so I often turn them down when I get pitches that are a bad fit.
However, I have a couple branded content posts coming up in the next couple months that I do think can help you guys save a ton of money on some major purchases. Keep an eye out for them!
You Can Start Earning Money Online, Too
Earning money online isn’t easy, but it’s definitely possible.
That said, in order to start making money online it usually helps to have a blog of your own to either showcase your services or to work on growing a following so you can earn money from advertising and affiliate income yourself.
Starting a blog is relatively easy if you know what you’re doing, so I decided to put together this step by step guide on how to start a self-hosted WordPress blog with Siteground.
It’s important to be self-hosted so you have complete control over your website. Those free website solutions can often do whatever they want, including delete your website, if you do something they don’t like. Don’t risk it.
When it comes to hosting, Siteground may cost a tiny bit more than some competitors, but their hosting is far superior to many cheaper offerings. Their customer support is top notch, too, should you ever run into any issues.
Finally, using WordPress might have a tiny learning curve in the beginning, but it’s worth putting in the time to learn it.
WordPress is very versatile and gives you the option to do what you want with your site while having a strong backbone used by millions of other websites.
Starting a blog will allow you to showcase your writing skills if you want to be a freelance writer. You can do the same for photography or many other freelance skills, too.
Blogging will also allow you to grow a following and share your wisdom with the world. It’s a lot of fun and if you keep at it you can start making money from it, too.
If you’re ready to get started, take a look at my step by step guide at how to start a self-hosted WordPress blog on Siteground and start building your blog today!
What questions do you have about my online income this month? What about starting a blog? Let me know and I’ll be happy to answer anything I can.