In the age of social media, it has never been easier to start a blog. But starting a blog is just half the battle! You need to know how you will monetize your blog so that you can create a sustainable income with it. In this article, we will go over five ways that you can use to make money from your blog and generate an income for yourself.
Can You Make Money Online?
Making money online is a common question we’re asked. And the answer is yes, you most certainly can! There are many different ways to make money online, and we’ll be exploring some of them in this post.
One way to make money online is by monetizing a blog. Blogs offer content creators and bloggers the opportunity to get paid from advertisers who want to reach their audience or from other revenue streams such as affiliate marketing, sponsored posts, product reviews, and more.
When Should You Monetize a Blog?
Monetizing your blog is an effective way to create a sustainable income. However, it’s not as easy as it sounds. Before you decide to monetize your blog, there are many things that you need to consider.
What is the purpose of my blog? Is it a business or educational site? Am I making money from ads on other sites and want more exposure for those products/services? Do I intend to make this a full-time job in the future?
It would be best to consider how much traffic your blog gets, your target audience, and more. To monetize a blog, think of monetization strategies that help you generate a sustainable revenue stream.
Ways to Monetize Your Blog
Monetizing your blog is not at your arm’s reach with all resources you can get out there. First, you need to know what your blog is about and find out the best ways to monetize it. Your site traffic can also help you decide the best ways to monetize your blog. Below are ways that can help you make money from your blog:
Start With Affiliate Marketing
Affiliate marketing is a form of marketing in which you earn commissions by promoting someone else’s product. Bloggers can make money with affiliate marketing through three different methods:
- As an advertiser, when visitors click on your ads and purchase the products or services they are advertising (you’re paid for this);
- As a company representative or marketer (blogger), earning commission off any purchases made from their blog posts about that company;
- And as a publisher, earning revenue each time one of your adverts is clicked-through to another site within the same network. You only get paid if somebody clicks on it!
For bloggers, you can earn money through affiliate marketing when your readers click the affiliate links in your blog posts. Join affiliate programs that are related to your niche. Also, it would help if you chose which products and services will be valuable to your audience.
Sell Online Courses
You can also sell online courses related to your niche. You have the potential to create valuable online lessons as an industry expert. Courses can be priced anywhere from $100-$1000 depending on your niche and how in-depth you want it to go.
If you’re not sure where to start, you can create an online course about how to blog and monetize a blog, or you can also make a course related to your industry.
For example, you could include topics like:
- How to get traffic from Google
- Tips for writing high-quality content
- The different types of ads that are available (text, banner) and what works best in your niche
- Different ways to monetize eBooks such as Kindle publishing or other platforms.
If you have something valuable to teach and want to create passive income for yourself or your blog readers – this may be the perfect fit!
Make Money with Sponsored Posts
Creating content for sponsors is another profitable way to generate income. Sponsored posts are posts that advertisers write to promote their product or service. Bloggers often use sponsored posts to make money because they don’t have the resources for advertising, unlike larger companies do.
There are many different types of sponsored posts, including promotional content, reviews, and advertorials. Sponsored content is unpaid, but it can be negotiated with an advertiser before the blogger writes anything about them if there’s a budget available on both sides.
A review is when a blogger agrees to write about something without being paid upfront—they get reimbursed once certain conditions (such as the number of clicks) have been met so long as they stay within agreed guidelines set forth by the company whose product/service was reviewed.
Create and Sell Digital Products
Selling digital products is also a great way to generate revenue. You can create eBooks, online courses, or digital downloads to sell on your blog. You might need a company like Clickbank to help you set up an account and pay any necessary fees for selling these types of items.
Just make sure that the product is something people want before putting in all the work to create it!
Selling digital products is a great way to earn passive income – you can earn while you sleep!! Digital products can be anything – an ebook, a video course, a workbook, or any digital download.
Offer Coaching or Consulting Sessions
Aside from creating an online course for your readers, you can also monetize your blog by offering coach or consulting sessions. This is an excellent alternative to freelance writing because you can provide the same high-quality content without researching, writing, and editing articles for clients.
This business model works best when your blog offers advice in a niche area of expertise that people will pay for, such as finance, law, parenting, or technology.
Try Freelance Writing in Your Niche
Freelance writing is a fantastic way to monetize your blog. You can make money blogging by applying for jobs as a freelance writer in your niche with other companies online, or you can reach out and find clients on your own. Either way, the pay per article will vary depending on how much work it takes to complete them.
The most common freelance writing job is writing WordPress blog posts. However, freelance writing can be time-consuming, so you should keep in mind that you’ll need to make more money as a freelance blogger than if you write solo posts on your blog.
Generate Income with Google AdSense
Blogs that are monetized to make money often have ads placed on the sidebar or at the bottom of posts. These sites typically also offer a way for advertisers/sponsors to pay to promote their products on your blog. Blogs with sponsors will usually post an ‘advertorial’ which is generally content written by someone other than the blog’s author that a company commissions.
You can monetize your blog in many ways, but it depends on your goals and the type of content you write about.
Aside from affiliate marketing, the following most common way to generate income from blogging is through Google AdSense.
Start Selling Physical Products
Physical products can be sold through a blog in three ways: an affiliate program, selling your product on the site, or using e-commerce plugins. Any blogger who sells their product should have it available for purchase on their website before promoting it as an affiliate link and vice versa. Many bloggers have their eCommerce stores to earn money aside from blogging.
Pros:Â The most prominent pro, if you have the right audience who are willing to pay, is that this will likely be your most profitable monetization method. If you already blog about things people want to buy, it’s just a matter of fulfilling orders and shipping them out. This makes it so that there isn’t any additional overhead expense for the business, like marketing or customer service costs associated with each sale. It also means having less risk than other methods because you’ll only sell items when they’re in stock, not pre-selling anything before purchasing inventory first.
Cons:Â While some businesses can maintain loyal customers by providing excellent customer service and quality products at reasonable prices, others struggle with managing their expenses while keeping up with demand from customers who purchase more frequently than others.
Offer a Paid Membership Plan
Bloggers make money by offering a paid membership plan to their readers. This can include exclusive content, access to the writer’s private Facebook group or Slack channel, or other benefits that readers won’t find for free.
The membership plan should be priced reasonably so as not to scare away readers who are simply looking to read an article.
For example:
- monthly subscription ($20) includes one question answered by the author per month
- annual subscription ($150) includes three questions answering per year with unlimited time and priority of response from the author
- lifetime subscription ($500) includes three questions answered per year with unlimited time and priority of response from the author
Some bloggers offer discounts for annual subscriptions if they are paid upfront instead of month to month. Lifetime memberships may also be provided at a specific cost depending on what’s included in the benefits package – it’s up to each seller.
To make the most out of this monetization strategy, your brand matters here. With good branding and great content, your readers are more likely to subscribe to a membership plan.
How to Choose a Blogging Niche to Make Money Online
Choosing a blog niche can make or break your online business. With so many options to choose from, it’s hard, even for experienced bloggers, to know the best and most profitable blogging topic. Website traffic can also be a factor you need to consider.
So, what is the best and most profitable blogging topic? That depends entirely upon your target audience, but it can be helpful to start by thinking about which type of audience is most accessible for you or have the highest potential ROI.
It would help if you also considered your interests and expertise. What type of topics do you enjoy writing about, your background knowledge in this area, and how valuable is it to the larger population?
Once you already have clear goals and a blogging niche, it’s now time to start making money online.
Start Making Money With Your Blog Today
Monetizing a blog can seem challenging at first, but you can make blog monetization work with the right monetization strategy. Using a tool like Messenger Bot can help you generate income with blogging. Email marketing is also a profitable way to generate revenue as a blogger. With Messenger Bot, it’s easier to build a list and connect with your audience.
Messenger Bot can also help you automatically share your WordPress blog content on social media with its Auto Post feature. It can also be your support to answer FAQs, send alerts, and deliver ads.
Start making money online with Messenger Bot. Try it for free!
