How much money can you actually make from adsense?
Google adsense earnings depends on many things like CPC and CTR , CPC varies from niche to niche and also depends on the geographic location of your audience. If you are getting traffic from US, UK, Canada, Australia, etc, then your CPC is likely to be high. But if in case you are receiving traffic from developed and poor countries CPC would be low.
CPC also depends on the keywords that you are targeting. If you are targeting keywords related to Gadgets, Health, then the CPC tends to be high because there is a lot of competition among advertisers in those sectors.
There are many factors that play the major rule on CPC like Ad Placement, Source of Traffic, Web Page Loading time and a lot many other factors.
Page RPM = (Estimated earnings / Number of page views) * 1000
Estimated Earnings = CPC * Total Number of Clicks = CPC * CTR*100
Lets suppose like your RPM is $2 then you must be making around $2/1000 pageviews.
Then if you are receiving about 10,000 page views you should be able to make $20.
So, if your RPM is $5, then you would make $50 for every 10,000 page views.
If in case your blog is receiving an average of 10,000 pageviews per day which means 3,00,000 pageviews per month at an RPM of $3, the calculation goes as follows;
Total Revenue = RPM * Pageviews/1000 = 5*300 = 1500.
You should able to make about $1500 per month. So, now I hope you understand how to calculate the earnings.