Just kidding. I’m still a broke college graduate. 🙁 However, I am pretty stoked that I’ve just made a little more than $200 online. It’s exciting to have made money on my own time, doing stuff I enjoy!
For those of you who follow my blog, you may have read my post about experimenting with entrepreneurship. In that post, I wrote about the five business models I’m currently experimenting with. The business models I’ve bolded below are the ones I’ve earned money from.
- Providing a service
- Creating & Selling a product
- Becoming an affiliate marketer
- Starting an e-commerce store
Providing a service-$150
As some of you may know, I started freelancing a couple of weeks ago. I’m offering various services such as proofreading, copywriting, and web design.
Unexpectedly, I landed my first web design client through Instagram. My client was following me on Instagram, saw my post about starting a blog, and contacted me to help him redesign his own blog.
Since it was my first freelance job, I had no clue where to start with pricing and invoicing.
I didn’t know whether to charge a set amount for the project or for per hour of work. I ended up charging a set amount of $150 for the project. It took me roughly 6 hours to complete.
Invoicing was actually quite simple with Paypal. If you look under “Tools” on Paypal, you’ll find an option for invoicing. From there, you just have to fill in the blanks. I sent out two invoices: one for half up front, and another for the remaining half upon completion.
Creating or Selling a product-$2.66
A little more than a month ago, I posted my first item on Etsy. The item I posted was a digital download for a set of inspirational travel stickers. I designed these stickers to fit in the MAMBI and Erin Condren planners.
After a few weeks of no sales, I decided to check up on the stats for my items. I noticed I had a decent amount of views. My item was also favorited by a few people. But why was nobody purchasing it?
It didn’t take me long to figure that out. I went back to my product listing, clicked on the picture I had uploaded and realized it opened in full size. People could simply right-click and download my product JUST from the picture shown in the listing. They didn’t even have to buy it!
To solve this problem, I resized my photos to half the size and saved it in the lowest quality. Now when people click on the photo in my product listing, they will see a smaller and lower quality version of the actual product. About a week after making this change, I landed my first sale on Etsy! Granted, I only made $2.66, but it was exciting nevertheless.
I’m planning to make a set of stickers every week so that I can grow my Etsy store. Hopefully, I’ll be able to more passive income through it.
Becoming an affiliate marketer- $50
I’ve signed up for a couple of affiliate programs. The programs I signed up for are through companies I actually use such as Amazon, SiteGround, NameCheap, and Elegant Themes. I wouldn’t promote any company I don’t actually use or recommend.
When I write a blog post, I sometimes throw in affiliate links if it’s relevant to that post. For example, when I wrote about starting a blog, I included affiliate links to my hosting, domain, and theme providers. I try to provide disclaimers so readers know they’re clicking on an affiliate link. I’ll also include affiliate links to Amazon if I’m writing about specific products. I figured this would be a good way to make a bit of passive income while providing value to readers.
I made my first affiliate sale through SiteGround, which is the hosting company I currently use. The affiliate program it offers provides a decent payout. I managed to make $50 by just referring one customer to them. Since I believe SiteGround is a great hosting provider, I have no problem with sending people its way.
That about sums it up! If you have any comments or questions, feel free to drop them below.
P.S. In case you were wondering what happened to my e-commerce store, I ended up closing it since I’m moving to Korea soon. I wasn’t able to make a profit from it because I didn’t have much money to spend on advertising. I ended up selling most of my stock offline and was able to recuperate my expenses. While it was a good learning experience, I think I will just stick to digital products from now on.