Income Report: How I earned $1500 Online in January 2014
Earlier I was a bit shameful to reveal my monthly income report. I thought that I could start sharing the income report once I started making a few thousand dollars a month.
I know for those who are residing in one of the Western countries, $1500 doesn’t make a good fit for living. However, I think it is a decent amount to earn from your part time business.
After all, I created this blog to share what I’ve learned and achieved so far with the community. In addition, I have also seen some of the blogs sharing their income report with much lower income. So I thought there is nothing to hesitate. And, that is why I am sharing this now :)
31 days, $1500- The inside secret reveals
And, here’s the quick math of my overall earnings.
- Fiverr.com: $1372
- Freelance writing: $100
- Affiliate marketing: $33.11
Total = $1505.11
#1: How I make money on Fiverr
When I say that I make more than $1000 per month from Fiverr people used to ask me:
Why not to spend your time on other platform instead of building your portfolio on Fiverr. If you had tried other platforms you could have made double if not triple the income in same time.
I knew there are many misconceptions about making money on Fiverr like the one I said above. I thought it would be better to make it clear why I spend time selling gigs on Fiverr and why you should try the same.
Frequently Asked Questions (FAQs) about making money on Fiverr
1. Why I sell gigs on Fiverr?
Just because it is hands free. If you have ever tried freelancing business you would have known that the toughest part is not to do the work but it is to find new and new clients.
For e.g. if you are hunting for clients on elance or Odesk, you will know that you will have to spend a lot of time and efforts for posting proposal and bid on a work to win it. But at Fiverr, it is hands free… You just create a gig which will take a few minutes and then you’ll start receiving orders from buyers forever if the gig is worth it!
So the no.1 reason why I love Fiverr is it is hands free. So you could spend most of your time on what you love and not for bidding to win the work.
2. But Fiverr is just $5 thing. It undervalues our work!
Not true in all cases. Fiverr has grown a lot from just a $5 thing. I have seen many Fiverr sellers who are charging $5 for their 10 seconds. The secret factor is that money lies on higher level.
Imagine… you can even charge $1000s of dollars for a single work if you are a super seller!
Having said that, it is also true that for many Fiverr undervalues the work. For e.g. if you already had a bunch of thousand dollar clients probably Fiverr may not be a good fit for you.
3. How selling gigs on Fiverr helped growing my startup?
As I’ve mentioned on one of my previous posts that for our startup Fiverr is like a jetpack. We’ve met many thousand dollar clients on Fiverr. It all started with just $5 gig but once they are satisfied with the work we started receiving works that cost 4 figures!
Fiverr is a big and easy place to make business relationship with the big guys. Please note that you should not ask people to contact you or pay money outside Fiverr which is clearly against the Fiverr ToS.
#2: How I made money by freelance writing
I have not been so active in freelance writing previous month. In fact I spend only a few hours on January for freelancing… So for this month my main focus will be to spend more time for it.
I am believing that I could easily double or triple the income for February.
I am currently using job boards for finding freelance writing clients.
If you have never tried job boards for hunting a client, here’s an article where I explain how to effectively use job boards for finding clients.
#3: Affiliate marketing
In the month January I’ve made a few dollars by promoting Godaddy products. Godaddy products are comparatively cheaper so it is so easier for promotion.
As an affiliate what I liked the most about Godaddy is that they have been using many custom landing pages and have been providing different offers and discounts at a time. So the conversion rate of Godaddy is higher. (See the above screenshot. The conversion rate is 2 digits!)
In addition, I’ve also promoted 2 Dreamhost hosting accounts this month. But, the problem is that one account is still in pending status and one account currently has been using under a free trial period so I won’t be getting the rewards for both until those users spend money for hosting. Otherwise by promoting just these 2 accounts I would have been making $194 as rewards ($97 for each!).
Summing it up!
I shared this post because I wanted to build an inspiration among my fellow bloggers who have been struggling to make money online. I know I am not one among the A-listers who make a bag of money but I think $1505.11 is a decent amount :)
Please feel free to read the following articles if you would like to know the exact steps I’ve taken for making money online.
- Earn big by selling more: 7 Lessons I learnt as a Fiverr level 2 seller
- Problogger job board: The art of winning your first freelancing gigs
- Why you fail to make money from affiliate marketing?
- I am working at a startup
Do you have any questions or thoughts? Feel free to share it.
Will appreciate your shares and comments…