While blogging can help you connect with an audience of people who love what you do, not everyone has this goal. For some bloggers, the ultimate goal is to make enough money doing it to cover their living expenses.
It’s important for bloggers to know the ultimate goal of their blog, whether it be having reliable income streams or just a hobby. When it comes to producing content for blogs that are monetized, there’s really no such thing as too much content. The more content you produce, the better chance of your blog’s content going viral. There’s no limit for what a blogger can create. The sky is the limit!
But how can you actually make money with your blog? On today’s blog post, we’ll talk you through a few of the ways in which you can monetize your blog. We’ll share some practical tips and discuss the pros and cons of each strategy.
Read more: How Bloggers Make Money and Get Paid? Top 5 Ways Explained
When should you start to monetize your blog?
I get this question a lot: “How many views or subscribers do I need to make money?” The answer is, it depends on what you sell and how you sell it, but for the most part it’s about a thousand views per post :).
However, before you take the plunge, make sure you’ve got these two things sorted:
Get steady traffic: It isn’t necessary to have tens of thousands of visitors each month to be successful. The fact that you have at least a thousand visitors each month means you’re doing something right.
Grow your email list: You just don’t have to strive for anything particularly ambitious here. Out there are people with a smaller list that still managed to use it to their advantage.
Now these two things matter, but primarily, it is about how efficiently you can monetize your blog and generate revenue. There’s no set way to monetize your blog. However, getting the most out of what you do means reaching for a strategy that fits with where you are now or want to be.
In this article I’m going to share some tips with you on how you can earn money through creating a blog that is engaging and high-value. Whether you’re just starting out today or have been blogging for years, it’s worth your time to read a few of these tips and get started.
Read on: How to Start a Blog: The Beginner’s Guide
So, how to monetize a blog?
Starting a blog and monetizing it have never been as easy as it is today. Bloggers have plenty of avenues for generating income, with most being free or cost-effective to implement.
Creating a website used to cost thousands of dollars, but now it’s affordable and easy to set up and maintain. Monetizing your site takes less effort with today’s tools. PayPal was quite new back then, there was no Stripe and email marketing wasn’t as commonly used as it is now.
Unlike before where you would need a lot of capital to start, maintain, and monetize a blog – today’s blogging process is incredibly straightforward and easy. And the great thing about it is that it doesn’t matter how much capital you have, because the whole process can be done with just a few hundred dollars. But while it is easier to make money with a blog nowadays, most bloggers won’t share their methods.
Focus on the basics
Becoming a successful blogger is within anyone’s reach as long as they’re dedicated. You don’t need to be stuck with amateur status, if you focus on the basics right and post consistently, you’ll be able to make six figures per year in no time.
A solid marketing plan is the key to success, especially in content creation. You need a good niche and a great monetization strategy to create content that drives traffic and makes money. And doing some quick math is also important.
We’ve put together some great strategies that other bloggers have used to make money from their own blogs across a variety of niches, and we’ll show you how to do the same.
Keep reading: 45+ Blogging Ideas for Bloggers to Make Money
1. Become an Affiliate Marketer
In fact, affiliate marketing powers a lot of the web, according to BuiltWith more then 600.000 websites are using Affiliate Programs technologies and this just in the United States.
The best way to monetize your blog is to become an affiliate marketer. If you want to make money with affiliate marketing, find a product that you are passionate about and will be able to spread the word about. If someone clicks on the affiliate link on your website, they will go to the company’s website where the product is being sold. If they decide to then buy that product, you’ll receive a commission of that purchase.
There are a lot of retailers who provide affiliate programs . When you include a trackable link in one of your blog posts, you earn commissions depending on what someone does after clicking on the link. For example, if they buy an item and did it through your blog post, then you’ll get a commission for the sale.
How much commission you get depends on the type of product. For physical products, the commission is usually 1-2%, but for digital products, it can be really high.
Read more: How to Make Money on TikTok
Topics
With affiliate marketing, you only need “a niche” and three things:
an affiliat product
the right audience to promote the product
conversion.
You can grow your audience by writing about topics related to your industry niche and then once you have a significant following, you find products from affiliate networks like:
Whichever affiliate program fits well really depends on your niche and what type of products you could sell to that niche.
Affiliate marketing can be an excellent way to earn money while blogging. It’s important to be careful and make sure the author is being objective, but affiliate marketing could be a sustainable form of income. When it comes to your marketing efforts, you should only promote products you actually like. Products that you would recommend to friends and family alike.
This will ensure that you’re promoting stuff to your audience that’s on-brand and does not contradict the message you’ve been trying to establish.
You should add a ‘rel=”nofollow” attribute to each affiliate link and any promoted posts. This way, Google and other search engines won’t think of these links as an endorsement of the site you’re linking to. Certain practices can lead to a penalty in Google search results. To avoid that, be sure not to do anything shady.
Read more: Affiliate Marketer 101: What It Is and The Basics for Beginners
2. Monetize with Display Advertising
Everywhere you look, the blogosphere is littered with people talking about how they dislike display ads. This is because click-through rates are notoriously low and no one likes ugly banners that take up space on your site.
People would have a point, but there’s still a reason why display ads are still popular. Despite all the negative public opinion, their level of popularity remains unchanged.
One of the arguments for this suggestion is that they work and are the fastest way to start generating revenue on a website. Some bloggers start with ads to generate some motivation and revenue. Bloggers see this as a sign they’re making progress and keep going.
You can advertise on your blog by creating an ad area on your posts. You’ll get paid based on the number of clicks or impressions that ad receives, as well as the frequency at which it’s served to the audience. With a little work, Google Adsense can get set up in a few quick steps. Google then takes care of where the ads show up on your webpage.
Advertise on your blog
Setting up an ad can be done in minutes and it won’t make you rich unless you have a lot of visitors. However, if you are looking to optimize your site or monetize it, advertising is one of the best ways to do that. Placing too many ads on your site could lead to slow loading times and annoyance for your readers.
Above all else though, ad blocking has become more and more prevalent. More people are requesting to block any ads from appearing on their screen. This trend is making advertising with Google’s Adsense a little harder. It’s hard to tell how the ad blocking trend will affect advertising in the future.
If you already have a blog with a large audience, chances are there might be some companies who want to advertise directly on your website. You’ll have to get in touch with them and work out the details. One major advantage of communicating with the companies that place ads on your site is that you have complete control over the types of ads displayed to your readers.
That way you can make sure that your ads are compatible with the layout of your site, you agree with their content and that ad blockers don’t block them from your readers. This will make it difficult for your audience to use adblockers and avoid seeing the ads on your blog.
3. Generate Revenue with Sponsored Posts and Reviews
Getting paid to post sponsored content and reviews can be a great way to make some extra cash. It requires traffic and a solid reputation, but it’s worth it. A blogger will usually charge a company to review their product and then write about it on the blog. The product gets exposed to their audience and the brand can get more customers from this exposure.
Writng product reviews can be a big money maker and building your blog’s reputation at the same time. You may only get free products or in some cases, companies may pay you for writing about their products too! You can make an impressive passive income with your blog by writing content that promotes a product.
As a blogger, writing sponsored posts can be both beneficial and challenging. You could potentially lose the trust of your readers or tarnish your reputation with them. If you’re being paid for your opinion in an article (written or otherwise), it’s a good idea to make this clear to readers. Depending on the subject of your blog, you might want to use a tagline like, “sponsored,” or some other disclaimer.
When you’re selling sponsored posts or adding affiliate links to your site, it’s important to let your readers know. Not only is this morally the right thing to do, but in many cases it’s actually required by law.
Read on: Why Blogging Is Important for Businesses and Marketing
4. Selling Your Own Products
You may also want to make some money with your blog by selling your own products. The minute you start selling your own products, your blog will become an online store as well.
Selling products doesn’t have to mean just physical products; it could be services you provide or even packages of information. One of the ways you could generate passive income is by selling digital products such as WordPress plugins, apps or online courses, eBooks and more.
Lots of companies are turning to blogs to keep the public updated on their latest offerings and promotions. Blogs can also be a great tool for indirect sales, as they create traffic that ends up generating conversions that you wouldn’t normally have received.
Blogging on a regular basis will show people what you do and can help you build your brand. It also lets people find out more about your work and increase their understanding. For instance, if you want to offer workshops or consultancy, a blog could be the perfect way to market yourself too. Increasing exposure to your blog will lead to more sales in the end.
How to Monetize a Blog In Conclusion…
This is my take on the four main ways to turn your blog into a moneymaker:
by becoming an affiliate marketer (You can earn money through affiliate marketing by promoting products or services on your blog, and get paid if a visitor clicks through to that site and buys the product or service.);
By running ads on your blog/site.
By writing sponsored posts;
By the (company) blog that has the potential of increasing indirect sales and allowing you to sell your own products.
You have the freedom to monetize your blog or website in any way that suits your preferences and target audience. Reading this article is the first step, we hope you now have the strategies and tools to start making money with your blog.
Leave some comments with your best tips on how to make money from a blog. What are some things you do that have been most beneficial and when did you start noticing the benefits?
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