You want to start an income generating blog or you already have one which you want to monetize but have no idea how to do it? Don’t worry, we’ve got you covered, we will show you how with the right blog monetization methods.
Blogging can be a lucrative venture but when you pay homage to all the fundamentals of internet marketing.
Starting a blog can be easy but frustrating. Especially when it reaches a point where you are not getting what you had intended to get out of your blog. In fact, many people usually give up at this stage.
There are different reasons why people start blogging.
Some people may start a blog that helps other users with guides to buying products, blogs about health and fitness as well as cooking and more.
When you start as a blogger, some bloggers depend on a single source of revenue stream for their blog. However, there are many ways you can make a living as a blogger.
Related: How Bloggers Can Make $10,000 a Month from Home
Depending on a single source of revenue stream is dangerous since when that source hits a snag, where else will you get revenue from? Note that, monetizing your blog isn’t a one-day affair; you need to put more effort and be patient.
It is beneficial to have more than one source of income stream on your blog but you must be prepared to learn how to drive traffic AND monetize the traffic that your blog receives. Don’t be afraid of trying new networks.
Many people have tried and made it. Pat Flynn the owner of SmartPassiveIncome blog is believed to be making more than $80,000 a month from his blog, why not you?
In this post, we will show you how you can make money with your blog. It doesn’t matter what your blog is about, all the blog monetization methods below can apply to any type of blog so long as you implement the techniques appropriately.
Let’s dive in!
Best Blog Monetization Methods
1. Affiliate Marketing
One of the most popular technique to make a living as a blogger is to use affiliate marketing.
This is a great method for a starter who doesn’t have their own products and services to sell.
Here, you will be required to create content that is aimed at selling products and services of other companies. What you do is to add links to the content you create of the products and services offered using another brand’s affiliate program.
For instance, if you are running a fitness blog, you can sell affiliate fitness equipment and weight loss supplements.
Since your content is aimed at helping those who are finding information on fitness, selling them the products can be a good way to earn a living blogging.
What happens when a visitor clicks on the links and buys the product or service, you get paid a certain commission of the cost.
However, you need to ensure you are promoting products and services related to your niche. Promote services you are knowledgeable with and if possible those that you have used and you can recommend.
To get into the affiliate marketing business, you can start by signing up for programs like Amazon Associates, ClickBank, and LinkShare.
To get started as an affiliate marketer, check out Making Sense of Affiliate Marketing.
This step-by-step affiliate marketing strategy course shows you how to increase your affiliate income and make more money blogging. It’s by Michelle from Making Sense of Cents who went from $0 in affiliate income to over $50,000 per month (and also the first online course I’ve ever taken).
2. Make a living as a blogger through advertising space
This is also another way you can monetize your blog. In this one of the best blog monetization techniques, you can offer advertising space on your blog for businesses to display their banners.
In fact, this is one of the lucrative ways to generate income on your blog since you will be making it hard for middlemen. This can make it possible for you to charge what you want for companies to place their adverts on your blog.
What happens here, you agree on the amount of time to display a company’s ad and the amount you will be paid for that. In this method, the amount of time is fixed.
The only disadvantage of this method is that you must ensure your site has an adequate amount of traffic to gain advertisers attention to your blog.
Also, you will have to commit yourself to managing the ad throughout the agreed period of time with the advertiser.
Read also: How to Earn over $100K/Month Blogging and Travel The World: Interview with Six-Figure Blogger Alex from Create and Go
3. Email marketing
Another powerful technique to make a living as a blogger is directly via email marketing.
Many bloggers have generated lots of money using this method. However, to succeed, you will be required to build a large email list of your visitors.
You can use the available popular email marketing platforms online like MailChimp and ConvertKit to generate your email list.
This will help you to record email addresses of every visitor/customer who registers to become a member.
When a visitor signs up for your daily updates, you record their email address. It is good to put in place numerous ways to get your blog visitor’s email address as it will help you to build your email list quickly.
Once you have created a large email list, you can use it to build your brand, sell your products, promote other people’s products and services, and recommend products and services.
Email marketing is an awesome way to drive traffic to your blog and that’s why we’ve included it in our list of the most profitable blog monetization methods.
4. Product reviews
Another excellent technique to make a living as a blogger is to write detailed, informative and helpful reviews about products and services on your blog.
This works almost the same as affiliate marketing. However, the products you write reviews about should be relevant to your blog.
In other words, you should stick to your niche.
This is to say that you will be making no sense to write a detailed review about fitness if your blog is about travel. You can as well decide to build a blog that is solely for product reviews. And then put all the content into categories such as technology, fitness, health and so on.
Note that this method works well on blogs that have quite some good traffic. So you should find ways of generating traffic to your blog for you to succeed in this method.
To make a living as a blogger, you will have to put more effort to ensure your blog has the required traffic as this is the only way to attract advertiser’s attention to your blog.
Blogging has its own laws that you need to follow to achieve success.
First, you need to focus on what you are good at. Second, ensure quality of your content is at its maximum. Thirdly, ensure your visitors get value from your blog. Lastly, strive to have a blog that is engaging.
Once you follow these laws, you will achieve a success in blogging.
Our list of blog monetization methods is not comprehensive as there are many ways you can make money as a blogger. However, you must start with a few techniques and if they work well, you can consider other methods.
About The Author
Mark Thomson is a young devoted freelance writer at AssignmentMasters. He enjoys creating content related to education, internet marketing and self-development. Through his blogging activities ,Mark strives to widen his audience and share his experience with as many people as possible.