As you have now set up your blog and traffic is coming your way, you’re now ready to start monetizing your Blog.
I am sure you’ve come across many people who are making a lot of money from their blogs.
Here are few excellent ways you can monetize your Blog:
1. Affiliate Marketing
Affiliate marketing is a type of performance-based marketing. As the blogger, you include links to a product or service offered through another business’s affiliate program. If one of your visitors clicks on that link and purchases the goods or services, you’ll receive a cut of the cost.
That’s how I monetize my blog here at Start Blogging Online.
If you choose to join an affiliate program, it’s always a good idea to:
- Only promote products relevant to your niche.
- Only promote products you’ve personally used and recommend.
- Include a disclaimer on your site as to not mislead your readers.
Businesses can also set up their own programs for a single product or a small group of products, and you can become one of their affiliates. For instance, a fellow blogger might offer an affiliate program for eBooks or eCourses in your niche, which would be a great opportunity for you since it’s highly relevant to your readers.
2. Google AdSense
There are few people who created a self-hosted blog solely for Ads and Google AdSense which is one of the most popular ad networks. You can make money by displaying Ads on your blog. There are two ways to start earning cash from Google AdSense:
- Based on impressions: This depends on your blog page views. For instance, for every 1,000 page views you get, you earn a certain amount.
- Based on clicks: Irrespective of page views, if a visitor clicks on the ad from your blog, you’ll earn a certain cut of the Ad revenue. This can range anywhere from $0.01 to a couple of dollars depending on the Ad.
AdSense is compatible with free Blogger blogs and self-hosted WordPress blogs, but keep in mind that it won’t work with a free WordPress blog (although you can monetize with WordAds if you have a custom domain).
How much can you make with AdSense? It all depends on your traffic and how many people are willing to click on your ads. (Remember that you should never click on your own ads since Google can penalize you for it.)
3. Paid Reviews and/or Banner-ads
Once you are able to get decent enough traffic, you might be approached by a business looking to sponsor your site. There are usually two requests you get in these cases:
- Banner ads
- Paid reviews or sponsorship posts
Banner ads are just what they sound like. They’re simple ads you place in “banner” style, usually in your sidebar. This will help you earn money monthly to add the display ad.
Paid reviews are when the business sends you their product and pays you to write a review about it, but you are not obligated to write a positive review. Alternatively, some businesses will sponsor a specific post in exchange for a link back to their site. It is an ethical practice to disclose the sponsorship to your readers.
Consulting is also one of the way to make money through your blog’s traffic. With these services, you charge a fee to give feedback to readers. How? For example, your blog is about social media. You could charge certain amount for one-hour Skype session where you discuss your client’s social media strategy. Along with the Skype call, you might send a report via email on how to improve that strategy.
Writing eBooks is a super popular way to start selling a unique product in your industry, and it’s ideal for pretty much any niche. With so many self-publishing opportunities available, too, it’s easy to get your book published and ready to sell with major retailers like Amazon or directly on your site.
6. Course or Services
If you’re already teaching your visitors through your blog, why not create an exclusive learning opportunity by building a paid online course? A common way to sell these courses is by setting up an 8-week course through automated email messages or giving the full package all at once so students can work at their own pace.
How much can you make selling eCourse memberships? Again, this all depends on how much you sell it for and how many people are willing to purchase the course.
Like courses, you can also offer services. For example, many bloggers are also freelance writers, and they get paid to write blog content for other people. Other common services include speaking engagements and private coaching. Depending on your niche, you can get more specific. A wedding blogger, for instance, might offer wedding planning services.
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