NOTE: This article ” How to monetize your blog and make money blogging ” is both for beginners and Pro bloggers. So, I kindly request you not to miss any part especially number 8 & 9 which are completely new and amazing methods for blog monetization.
I know, getting traffic to your site is one of the most arduous and frustrating tasks. And I respect those who are able to do this task easily.
But, no matter how many visits do your site gets – 100, 1000, 10,000 or hundred thousand per month. That traffic is only valuable when you can convert those into sales or money.
Unfortunately, too many people often give up blogging because they can’t make any money at all although they get some amount of traffic coming to their site.
The problem is..? most among all people ignore the basic principles of monetizing their blog while attempting to earn any semblance of an income. So, If you don’t want to be considered among one of those then you most have to follow these:
- 1 5 Principles Of Monetizing Your Blog
- 2 Monetize Your Blog
5 Principles Of Monetizing Your Blog
Before jumping into the various way to monetize your blog. I would like to cover these 5 basic principles of blog monetization.
If you follow them, you’ll succeed over time. Ignore them, will be impossible for you to drive any respectable amount of traffic and ultimately monetize your blog. So, let’s begin with the first one:
As always content is the most important thing to be considered before monetizing any blog. Instead of over-thinking about which monetization methods to be applied, You must first think of providing sufficient value to the users.
I had found many bloggers writing only about 2 to 3 post on their blog and starts serving ads which are completely insufficient for earning a sizable amount of money. So, if you want to get more, try to give more.
People don’t make money because they want to make money & some people make money because they solve the problems. Same thing you have to follow if you really want to succeed in blogging.
You have to focus on solving the problems of people and serve high-quality content instead of thinking about making money always.
It is impossible to achieve the goals until and unless you don’t know what you are doing. Creating the best blog monetization strategies will be a good practice to follow if you really want to see the outcomes.
Before trying anything new or going for any new monetization methods, you must first test it and only bring it to work if it goes well. Otherwise, you have to go for another one which generates more revenue and works well for your site.
So, proper planning is the best thing you should focus on before monetizing your blog.
I find people throwing their ad banners, affiliate links & sponsored posts all over the site to get more impressions and clicks. But, this is not a good thing to practice because it creates a bad user experience and your site looks spammy.
If you do so, visitors will never come back again which definitely creates a bad impression on your site and affects your income. So, you had to implement them properly to get more conversion rates and an increase in your revenue.
Only the amount of content, quality of your blog post, planning & proper implementation doesn’t work forever. The major factor which determines your blog earning is trust which people have on you.
Your blog visitors will only buy your recommended products if they trust you otherwise they will not. So, you first need to focus on building trust among your audience in order to earn more.
Only after that they will click to your affiliate links, buy products or subscribe to your email newsletter which gives you a commission.
Monetize Your Blog
There are arguably thousands of blog monetization methods by which you can generate a substantial income online. But mainly, there are 10 core methods through which you can earn a huge profit.
1. Affiliate Marketing
I’ll be honest here – this is the sole purpose of creating any site that I run.
Affiliate marketing today has become one of the most popular, commonly used & most beneficial monetization methods with the highest share on revenue.
- An advertiser has products or services which he wants to sell online. He will provide you a certain amount of commission for each sale you make if buyers come through your site or a landing page.
- He will provide you affiliate code along with the tracking link which keeps track of sales you made.
- You will paste that banner code or direct affiliate link to your blog properly so that more numbers of people will see and buy the product. After they make a purchase you will get some percentage of the total price of that product.
2. Sell Private Ad Place
Earning money from your blog by Displaying AdSense Ads and Ads from other Ad networks like AdThrive & Mediavine e.t.c had become common these days.
Besides this, you also can create your own opportunity once you end up with enough traffic on your site. There are many companies & business online who want to display their advertisement directly on your site, means there will not be any middle man cutting off your revenue. Which means you can set your own ad rates.
You can also contact business yourself and deal with them to show ads on your site. These ads type may be banner, link ads, image ad or bottoms.
In this way, you can monetize your site by selling ad place on your site privately.
3. CPC or CPM Ads
The most commonly followed trend by which bloggers to make money is by displaying Ads. There are two types of ads which are popular today:
- CPC/PPc Ads: Cost Per Click or Pay Per Click Ads are generally a banner and text links that you can display on the header, sidebar, footer, and middle of your content. You will make money once users click those ads.
- Pay Per Conversion(PPC): This is a new & modified form of Cost Per Click ads which provides you X10 more revenue then Cost Per Click Ad. But you will only make money in case if visitors buy the Products through those ad links(Means only if they converted into costumes).
- CPM Ads: CPM( Cost Per Impression) ads will provide you a certain amount of money after you cross certain ad impressions” Generally Per 1000 Impression”.
4. Sell Paid Courses
Selling your own paid courses is a thousand times better than serving other people’s Ads on your site. You can generate 10x more money by selling paid courses instead of displaying Google ads on your website or a blog.
What you have to do is, create audio or a visual course where you can explain about any topics you like or what your visitors are interested to learn about. Also, you can promote your course through paid advertising or social media advertising.
And the best part of it is that you can set the course price whatever you want because you are the owner. But I suggest you keep the price cheap & affordable at the beginning.
Note: I personally suggest you not to invest in creating paid courses until you get more than 10,000+ visitors per month’s traffic.
5. Paid Products/Services Reviews
There are thousands of Companies & Brands who want to publish reviews about their newly launched products on different sites online.
There may be a chance that they will contact you for this, but only in case if you had a good amount of traffic coming to your site.
Otherwise, you can pinch those companies yourself and can tell them that you want to give an honest review of their products or services. And if they agree will definitely provide you a good amount of revenue or that product for free.
In this way publishing paid reviews can be a good way for website monetization for bloggers like us.
After a long time of experience in blogging, you will definitely get expertise in website customization, content creation, copywriting and so on.
You can use those skills to help other business owners or blog starter who want to build their site online.
So, at this point, you can use your own blog as a platform or a portfolio to lunch your own freelancing services. Isn’t it the best idea?
7. Sell eBooks
You have your own blog means you know something more about a related topic, right? Why don’t you use the knowledge & publish your own eBooks and sell them on your blog?
If you create the premium content for your users they will be more likely to buy it. Plus, you will make more money from it than by showing the ads.
Your ebooks most provide much value to readers so that they will share it with their friends which will help in increasing your sales.
You can also sell your eBooks on Amazon Kindle & similar sites where some writers make more than $2,00,000+ just by selling a single book.
8. Create Job Board
There are many people within your niche who want to get hired for their job. And you can take great advantage of it because this can be the perfect income stream for your blog.
ProBlogger Job Board is a perfect example of it. Here, Darren Rowse not only teaches how to be a better blogger but also provides jobs posting service for which he charges $70 for 30 days which you can see on the top right of this image:
In this way, you can not only earn your pocket money but also can establish a network of job posters and freelancers.
9. Sponsored Podcasts
CEO of Google just announced that podcasts will now appear on Google search & will be given more priority than the written contents same as youtube video which appears on the top.
This means podcasts are the future & we can create a good opportunity of monetizing blog through this.
You can take an interview of some Company/Brand owners and can charge for it. Also, you can recommend some products through podcasts which listeners will buy.
Also, podcasts have a high conversion rate than a written blog. You can visit this article if you want to know more about monetizing your podcasts.
10. Sell Your Blog
I don’t think you would love to do this but, this is the best option for those who can’t give much time to their blog.
There is a site Empire Flippers where you can sell your blog online at a reasonable price.
The highest sold bog ever known was of 33 million dollars called Consumer Search
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