Need some extra money? Put your free time to work for you!

For those of you who know me, you know that my real job is “seasonal”. There are times when I am very busy and times when I have absolutely nothing to do during an entire day. I often catch myself playing games or browsing the Internet for more than 6 hours a day. I’m very lucky my employer makes enough money during the busy season to keep their entire work force employed throughout the year.

I’ve always had a few side projects: blogs such as this one and other websites to keep me busy, but lately I’ve lost interest. A few years ago I started an online game that kept me busy for almost a year. I created 4 or 5 blogs that I tried to post to regularly and I think I’ve spread myself too thin. I’ve lost interest in most of the projects and just recently realized how much time I waste at work.

I’ve decided to start planning out my day and I’m going start back up my blogs and websites. I think it’s possible, with some effort, to make a decent amount of extra money from my website ventures. My main project is going to be a new online game that I’m creating with a help of a friend over at sales tactics today. I also have the other game website, a house rental website, an online auction website, 2 car websites, this blog, and 3 more blogs. Just imagine if I could make an extra $10 per day from each of these sites. That’s about $100 per day from websites! Who couldn’t use and extra $36,000 per year income?

You too can put your free time to good use and start earning some extra cash from your desk. There are literally thousands of different things you can do on the Internet to make some extra money. Sure, there are a large amount of hoaxes, pyramid schemes and con artists, but there are also many legit ways to make extra money.

Over the course of then next few days I’m going to give you some examples of how you can make some extra money on the internet by using just a fraction of your free time. Since this is a blog today I’ll discuss the money making power of a blog.

I started this blog in June of 2006. I originally purchased the domain with intentions of a completely different website, however I never got around to developing the site so I turned it into this financial blog. Some Internet savvy people boast blog revenues of $1,000’s per month, unfortunately I’m not one of those lucky bloggers. I chose to use to promote my website.

basically rents keywords on your blog posts to advertisers. The price they pay depends on many factors, but generally averages about $5 per month for each keyword they rent. Right now I have 190 posts on this blog and currently have 10 keywords rented out to advertisers and make $50 per month from this blog. With these numbers, on average for every 20 posts I write I rent one keyword. If I can commit to write 2 blog posts each day for the next year that would be another 18 keywords sold for a total of 28. An average of $5 per post would bring my monthly revenue to $140. Not bad for writing 2 articles per day.

Now, imagine having 5 blogs and writing 2 posts per day using the same technique above. You could make around $700 per month just for writing articles on 5 blog sites. An average 300 word blog post, writing about something you enjoy only take about 15 minutes.  In about 2.5 hours per day you could write 10 posts in order to maintain your 5 blogs. It might not sound like a lot of money for your time, but you should maintain this income even if you stop writing posts. The more you write the more your income grows.

I’ll try to keep you updated on my progress with this website and this experiment. Creating a blog only takes a few minutes to setup and you can maintain it for just a few dollars per month. Subscribe to my blog and I’ll continue to provide more information about setting up a blog and how to replicate my experiment.