How To Monetize Your Blog
Once you have a good number of blog posts and readers then it’s time to monetize your blog. At first, your blog should be about sharing your ideas and providing value. Once you start gathering a good audience then you can start finding ways to monetize your blog.
In reality, you should have known if your blog idea was something you could earn money from when you started out. But if you’ve already started a blog, but now want to monetize it, it can be done.
If you have an audience reading your blog, you can make money. Here are 5 tips for monetizing your blog.
5 Ways To Monetize Your Blog
1. Your Own Products or Services
One of the fastest ways to monetize your blog is to sell your own products or services. You don’t need a lot of readers to make it possible to earn money. You can create information products about your niche that your readers can download instantly after purchase. These includes eBooks, reports, how to products or tutorial videos. The beauty of information products is that you create them once, and it can be sold again and again.
If your readers know that you provide solid and valuable advice in your blog, they’ll be willing to buy more information from you because you’re offering a quick solution to their problem or desires. Also, if you offer a full money-back satisfaction guarantee, there is no risk to them. Create a good cover, put up a PayPal payment link and you’re in business.
FREE Checklist: 21 Days To A Better Blog
2. Affiliate Products
If you don’t want to create your own products you can find products that your audience would be interested in buying and promote them as an affiliate. An affiliate is someone who earns a percentage of sales off each product that someone buys through their special affiliate link. It’s one of the easiest ways to monetize a blog because you don’t have to worry about payment systems, product delivery or customer queries as the product owner takes care of all of that.
As an affiliate you can sell digital information products or physical products that are delivered to the customers door. As with any business, it’s important to understand your target audience. Recognizing their potential needs, wants, and desires, you’ll be able to chose the right affiliate products to sell. Ensure that you’re associating yourself with reputable affiliate companies. For example, you can monetize your blog with Clickbank. If you’re aligning your blog with a company, make sure that it’s a company of integrity and stands behind their words and their products.
There are a number of advertising networks that you can join as a way of monetizing website traffic. Google AdSense is one of the most popular networks. By strategically placing the ads on your blog, you can entice visitors to click on them, with each click earning you a share of the profits Google takes in. While a couple of clicks earn you very little, a high flow of traffic and clicks earns you a substantial amount.
To make a lot of money with AdSense, you have to drive traffic to the blog. The most important concept with AdSense is to remember that you have to make the ads visible and not hidden somewhere in the blog where they can’t be seen. The more people who click away, the more money you’ll make.
Some popular blogs sell advertisement space on their blogs. Advertisers scramble to place one of their banners on the more popular blogs. They’re willing to pay you based on the traffic numbers you generate and the prime space available within your blog.
4. Paid Blog Posts
Once you’re popular some people may approach you to write paid blog posts for their website, or even for your own on their behalf. It’s kind of like an advertisement in the form of a blog post. There’s some controversy about doing that, but many people do it successfully and earn some extra money doing it.
5. Product Reviews
You can do both paid product reviews as well as unpaid reviews of affiliate products. It’s important if you’re going to go this route that you put into your blog’s disclaimer that some of your reviews are paid for, and some aren’t. But, it’s also important to be very honest in all reviews, paid or not.
Odds are you or your blog has some satisfied readers. Somewhere, at some time, even if you’re relatively new, someone commented on how much they liked what you do. Ask these individuals for testimonials, as well as positive reviews on sites like FourSquare and Yelp. This will help to build your reputation as an authority in your niche and will encourage more people to ask you for reviews.
Free Checklist: 21 Days To A Better Blog
Blogs are big, even if they’re small. Consumers prefer to read and view information from fellow online entrepreneurs rather than hard hitting sales pitches they find on corporate websites. Blogging remains a marketing method that costs very little to set up and people from all walks of life have created making money blogs.
To learn more ways to monetize your blog or to improve your exiting blog, download my free checklist, 21 Days To A Better Blog. Discover 21 different one-a-day tasks and activities for getting more traffic, more prospects, more customers and more sales.