Your blog is a liability until you start making money off it. Many blogs start out as a liability and grow to become a business and generate income for the blog owner. If you monetize your blog, it becomes your asset. There are many ways to make money with a blog. You can offer free content to entice the audience. Then, offer exclusive or academic content for those who want more information. They would be willing to pay a subscription fee.
You need a strategy that will allow you to target your niche readership. You also need a strategy for monetizing the entire space available on every webpage of your blog. I assume you already know what a blog, so I will hoop right into today’s tittle, ‘How to monetize your blog’. Before going deep lets start with the key element a blog needs to become profitable.
Key Elements That Make A Blog Profitable
• Popularity – Generating income with your blog is not easy without any dedicated readership. You need a loyal audience that would keep returning to your blog. They would keep checking out new contents you publish. The audience cannot be limited to a few dozen people and it cannot be sporadic. You cannot rely on rerouted traffic. Your blog must be popular and obviously it would have its target audience. You don’t need all those readers to become subscribers or commentators on all your posts. As long as they follow your blog and repeatedly visit it, the blog can be monetized and make money. An unpopular blog or one that doesn’t have a substantial readership can have ads or affiliate links. However, the monetization will not generate any revenue.
• Consistent Traffic – You need consistent traffic. That will pave the way for advertisements, paid contents, and promotions. These will help you to make money with your blog. Without traffic, posting ads or optimizing new contents and sharing of the content will be futile. The type of ads will be determined by the nature of the traffic. The target audience will also influence this. The kind of outreach a blog has is another factor. The focus or the niche will also influence the type of promotions and paid contents. A blog shouldn’t lose its value or core in the process of monetization.
Seven (7) Ways To Generate Income With A Blog
Renting Out Ads Space
Renting out ads space is one way to make passive income from your digital real estate. You can rent out a spare room in your house. So, why not rent out that extra ads space on your website which you do not use? Many businesses would be happy to pay big bucks just to have their ads appear on your real estate. One company that pays you for showing ads is Google AdSense. I use mainly Google AdSense, Amazon Ads and Click Bank. These services are free and are generating my blog thousands in monthly passive income.Â
Sponsored Content
Big companies and brands are looking for more marketing ways they can use to promote their businesses. They are willing to sponsor content in return for having their brands’ information shown on the sponsored content. Companies understand the importance of marketing their products to a wide audience and are reaching out to bloggers for assistance. Some companies are willing to spend a big budget paying bloggers and influencers to post about their products. Before approaching or accepting to publish sponsored content, be sure that content is in line with your brand. Additionally, ensure that your audience will be interested in the content.
Affiliate Marketing
Affiliate marketing is one of the old and fastest way to monetize your blog. First, you need to find and join a good affiliate program. Then, acquire a unique referral code or link to use for referring and tracking your affiliate progress. Affiliate Marketing is a big industry that is growing at an impeccable rate year after year. Many companies have publicly declared to have paid out billions of dollars to affiliate marketers. If you put in the work, you might end up on the list of paid affiliates.
Sell Your eBook on Your Own Website
A blog can be a great place to start selling your own and other people’s books and products online. A blog will help you gain the attention of your customers. You will have the ability to add them to your mailing list. This way, you can offer them some more of your products or services through email marketing. This is part of building up an email marketing traffic. This type of traffic is important because these people have already visited your site. They are much more likely to become repeat or return customers.
Selling Physical Products Online
There is no reason that anyone needs to be limited to selling digital products. Selling or reselling physical products can be very lucrative. This is a great business model and as the seller you are actively involved in the selling process. Earning a living by purchasing wholesale products and reselling them on your blog has never been easier. You receive and see the products before they are shipped to your customers. This gives you the power to do your own product quality control before shipping.
Drop Shipping
Drop shipping is the ultimate online passive income provider. It can be made to be totally automatic. Your only input is to check the system and cash the checks. The term drop shipping is when you create an ecommerce store front that offers products from certain manufacturers. The client visits your store. They order a product or place an order with you. Someone else makes the product inexpensively and ships it directly to the customer. You don’t send the money to the manufacturer until after the client has paid you. There is no risk involved.
As a seller, this is incredibly efficient because you don’t need to have any inventory. You also don’t have overhead costs. There are no storage costs. You have very little liability. If you have a great product idea that can be mass-produced at an economical price, consider drop shipping. It can be original or something someone else already produces. Drop shipping is a great opportunity for you to earn passive income.
Selling Software
Selling software can be one of the most lucrative passive income streams you can try. Many people do not think of it because they do not have the experience. They lack the technical skills such as programming or the different types of software writing abilities. However, this aspect is not important. This is because all of this can be done by other people. You can find them on the web without much difficulty. Once you find a good program developer and have a good idea, (this is the important part), it becomes easy. If you can find a small, but very useful product or service in an area that needs to be addressed, you can offer a solution. You can offer a solution. This solution will meet the needed requirements. The software you develop does not have to be expensive or feature-rich to be successful.
Conclusion
There are many ways you can monetize your blog and make more than six-figure annually in passive income. The good thing about blogging is once you have everything setup right you can earn for years to come. People are always in search for new information. If you provide them with the right information, they will give you what you want in return. You will gain loyal readership.
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