Okay, you won’t make $500 a day overnight blogging, but it’s possible.
To make $500 a day blogging, you’ll need to dedicate a significant amount of time (and/or money!) to grow your income.
There are many types of blogs you can start to build a hefty income stream. Some types of blogs are more difficult to grow than others because there is more competition. For example, starting a blog that reviews credit cards will be difficult to gain traction because you’ll be competing against giant media companies like NerdWallet and others.
However, you could start a cooking blog that scales more easily because of lower competition and a wide variety of content opportunities.
There are many ways you can make money blogging and grow your passive income portfolio. For most blogs, this includes using display advertising or affiliate marketing.
But it doesn’t stop there. Many bloggers will also create and sell online courses to make money from their website.
The courses can sell for thousands of dollars, meaning you’d only need to sell a few per week to make 500 dollars a day.
Lastly, you can sell sponsored posts on your website to earn extra money each month.
Starting an online business successfully will require some knowledge of online marketing to grow your income and reach financial freedom. It is anything but a get-rich-quick scheme. You’ll need to dedicate more than a few hours each week to grow your online business.
Many online entrepreneurs have some previous experience working in digital marketing before they start making money online.
If you’re looking to start a blog, I recommend using NameCheap to purchase your domain name and SiteGround to host your website. SiteGround offers superior customer service and is very affordable. Use the links below to get started.
Find a New Job or Ask for a Raise
There are some jobs that pay more than 500 dollars per day. When you break it down, your annual salary would need to be about $130,000.
Depending on your skills, this can be doable in some industries and locations. For example, working as a software engineer can easily pay over $130k per year in most regions.
While this method can be one way, it can often be the most difficult and unrealistic so let’s explore some others.
Make $500 a Day with Cryptocurrency
While some people see cryptocurrency as an investment, it can be extremely speculative with swings of over 10% throughout the day.
However, this can be one method to make 500 dollars a day. By using platforms like Coinbase you can invest in all of the top cryptocurrencies with as little as $5. As a bonus, you’ll get some free crypto just for registering with the link below!