How much money can I make from Tumblr as well as how?

It depends on how many followers you have. As a rule of thumb, you need at least 100k followers to start making any decent amounts of money (say, at least $1000/month). Of course, you could be making more with less followers, but I'm talking about most people here. So let's say you worked hard to grow your Tumblr following over a year and you now have 100,000 followers. How do you monetize them? Option 1. Affiliate links. Tumblr has announced they allow affiliate links as long as they're not the main reason why you create content. So just make sure you keep a reasonable ratio of normal/promotional content. 2:1 should be enough. Your best option here is Amazon, as they have a huge variety of products and you are likely to find stuff that's related to your niche. The numbers: you're likely to average 3% click to order conversions (this is a great number and you should thank Amazon for their skill at converting random traffic to sales) and an average order will net you $1. So for every 100 clicks to Amazon you'll make 3 bucks. Option 2. Adsense. You can add Adsense ads to your tumblr blog - see How to Add Google AdSense to Your Tumblr Blog for detailed instructions on how to do this. However don't expect to get a high cost per click out of tumblr. Keep in mind that the tumblr audience is mostly made up of horny and/or depressed teenagers - not exactly the most premium public. The numbers: Here you'll get very low CPC, probably around $0.05/click. So you'll need 60 clicks to make $3 bucks. Option 3. Donations. This is perhaps the best suited to tumblr and if you implement it right you (read: positioning) might make a decent amount without being intrusive. ProTip: don't use the standard PayPal donate button. It's boring and people are used to it so they will ignore it. Use Ko-Fi instead. The numbers: Now here's why this is my favorite. Previously you needed 60 to 100 clicks to make $3. But now you only need one or two donations to make the same amount. Expect really low conversion rates (0.002% could be a likely scenario). But: since you're not bombarding visitors with ads and you're not publishing promotional material, you're now free to focus on quality content and traffic acquisition.

Article source here: https://www.quora.com/How-much-money-can-I-earn-from-Tumblr-and-how