So you have a blog. Or you’re thinking about starting one. And you’re wondering, “How on earth will I make money from this thing?”
That’s a very fair question, and I hope I can answer it for you today.
I want to tell you what is in my opinion the easiest way to make money blogging when you first get started.
The Easiest Way for New Blogs to Make Money
You ready for it? Here it is: become an affiliate for a site or app that gives your referrals a bonus for signing up.
Why is this a good place to start? Because you get an affiliate commission, and those who you refer get a sign-up bonus! I can’t think of a better example of a win-win situation!
I mean, have you ever tried to give someone free money before? If not, I have news for you: it is not difficult at all to convince someone to take free money!
Little Wins Add Up
Typically, the affiliate commission on these kinds of sites and apps is about $5. But don’t scoff! That may not sound like much, but little wins sure do add up! Remember, it’s super easy to get people to sign up for free money.
Let’s say you can get 10 people a day to sign up for the apps or sites below. You’re making $50/day. Not bad. Double that, and you’re making $100/day, or an extra $36,500 per year. Triple that, and congratulations, you are now making over $100,000 per year from your blog.
Here Are Some Examples
If you don’t know of any referral programs that give both you and those you refer a bonus, here are some of my favorites that I use right here on moneydoneright.com.
What Is It: An app that gives you cash back on store purchases. We’ve personally made over $400 using it.
Affiliate Commission: You get $5 every time somebody downloads the app through your link. In addition, there are tiered bonuses for sign-ups. For example, this month, I got a $20 bonus for the first two people you invite (in addition to the $5 per sign-up), a $50 bonus for the next five, and a $100 bonus for every ten after that.
Sign-Up Bonus: The person you refer gets a $10 sign-up bonus.
Easy Blog Strategy: Write a blog post about how you save money at the grocery store and include your Ibotta link.
How to Get Started: Click here to download the Ibotta app, then click “Account” in the lower right, and after that click “Invite Friends” to find your personal referral link.
What It Is: A website that gives you cash back on online purchases.
Referral Bonus: You get $5 every time signs up through your link. In addition, there are tiered bonuses for sign-ups. For example, this quarter, you get a $50 bonus for the first two people you invite (in addition to the $5 per sign-up), and it tiers up from there.
Sign-Up Bonus: The person you refer gets a $5 sign-up bonus.
Blog Strategy: Write a blog post about where you like to shop online and how people can save money on those sites using Ebates.
How to Get Started: Click here to sign up for Ebates, then click “Refer & Earn” in the upper right to find your personal referral link.
What It Is: An app that lets you buy and sell stocks without paying any commissions.
Referral Bonus: You get a free share of stock valued between $5 (e.g., Groupon) and $200 (e.g., Facebook) when someone downloads the app through your link.
Sign-Up Bonus: The person you refer also gets a free share of stock when they sign up.
Blog Strategy: Write a blog post about investing in the stock market and mention commission-free trading through Robinhood.
How to Get Started: Click here to sign up for Robinhood, then click “Free Stocks” in the left-hand column to find your personal referral link.
These Are Just Examples! There Are Many Others!
There are so many other referral programs out there like this. I am familiar with the ones above due to my niche. But there are others. For example, Caroline has a referral code to one of her favorite skin care products, SoKo Glam, and she gets $10 every time somebody uses her 20% off coupon code!