7 ways to make money online
How To Make Money
From Your Blog
Now that you have your blog set up and traffic is coming your
way, you’re ready to start monetizing your blog.
You must have seen or heard about people who make a lot of money
from blogs. Some people aren’t even afraid to show it off to their readers.
Here are a couple of folks who do extremely well with blogging:
1.
Pat Flynn from SmartPassiveIncome.com makes
around $80,000 per month (he started his blog 5-6 years ago, though).
Email marketing to your own list the best way to make money
with your blog.
List building refers to adding new subscribers to your email
list. You can entice readers to subscribe by offering a free gift exclusive to
subscribers and, of course, by consistently producing great content that people
want to come back to.
Want to
learn how to start a blog? Check out my
step-by-step tutorial.
But how does this help you monetize? It keeps people
in-the-know. When you launch your eCourse, start offering consulting services,
or publish an eBook, your subscribers are going to be the first ones to care.
So, if you want to see quick results after a launch, be sure you have an email
list built up to gain access to a pool of interested individuals.
That’s not to mention that you can also monetize your email
campaigns with banner ads and affiliate links, too. In some cases, you might
even set up a separate paid subscription email list for exclusive tips and
offers.
If you want to start gathering your visitors you will need a
email service. I recommend Constant Contact. *Constant
Contact has a 60 day free trial (no credit-card required). After that their
pricing starts as low as $20/month but I was able to get you 20% off if you click here! I
like their service because it isn’t expensive, they have excellent
support, and a great autoresponder management system.
Here are six more excellent ways you can monetize your blog:
1) Affiliate
Marketing
Affiliate marketing is a type of performance-based marketing. As
the blogger, you include links to a product or service offered through another
business’s affiliate program. If one of your visitors clicks on that link and
purchases the good or service, you’ll receive a cut of the cost.
That’s how I monetize my blog here at Start Blogging Online.
If you choose to join an affiliate program, it’s always a good
idea to:
1.
Only promote products relevant
to your niche.
2.
Only promote products you’ve
personally used and recommend.
So how do you get involved in affiliate marketing? You can start
by joining a popular program such as:
But you don’t have to stick with just the big-name programs.
Businesses can also set up their own programs for a single product or a small
group of products, and you can become one of their affiliates. For instance, a
fellow blogger might offer an affiliate program for eBooks or eCourses in your
niche, which would be a great opportunity for you since it’s highly relevant to
your readers.
How much can you make through affiliate links? Melissa Culbertson of Blog Clarity points
out just two examples of a mommy blogger and decorative concrete blogger who
make $20,000 and $32,000 per year respectively, and that’s with minimal
visitors.
2) Google
AdSense
Some people create a self-hosted blog solely
for ads and Google AdSense is one of the most popular ad networks around.
Simply put, you make money by displaying ads on your site. There are two ways
to start earning cash from Google AdSense:
1.
Based
on impressions: This depends on page
views. For instance, for every 1,000 page views you get, you earn a set dollar
amount.
2.
Based
on clicks: Regardless of page views, if a
visitor clicks on the ad from your site, you’ll earn a certain cut of the ad
revenue. This can range anywhere from $0.01 to a couple of dollars depending on
the ad.
AdSense is compatible with free Blogger blogs and self-hosted
WordPress blogs, but keep in mind that it won’t work with a free WordPress blog
(although you can monetize with WordAds if you have a custom domain).
How much can you make with AdSense? Well, that all depends on
your traffic and how many people are willing to click on your ads. (Remember
that you should never click on your own ads since Google can penalize you for
it.) Pat Flynn of Smart Passive Income has
reported earning upwards of $3,000 per month on AdSense revenue alone, but
other bloggers like Spencer Haws of Niche Pursuits have reported
earnings well over $10,000 per month.
3) Course and/or
Services
If you’re already teaching your visitors through your blog, why
not create an exclusive learning opportunity by building a paid online course?
A common way to sell these courses is by setting up an 8-week course through
automated email messages or releasing the full package all at once so students
can work at their own pace. Just some examples of online courses include:
·
Audience Business Masterclass
(from Firepole Marketing)
·
Article Writing Masterclass (by
Carol Tice and Linda Formichelli)
·
Social Media Training for
Serious Marketers (from Market Motive)
How much can you make selling eCourse memberships? Again, this
all depends on how much you sell it for and how many people are willing to
purchase the course. Gina Horkey of Horkey Handbook made over
$1,000 in her first month after launching a freelance writing eCourse.
Like
courses, you can also offer services. For example, many
bloggers are also freelance writers, and they get paid to write blog content
for other people. Other common services include speaking engagements and
private coaching. Depending on your niche, you can get more specific. A wedding
blogger, for instance, might offer wedding planning services.
4) Consulting
Consulting is another popular way to make money through your
blog’s traffic. With these services, you charge a fee to give feedback to
readers. For example, let’s say you blog about social media. You could charge
$75 for a one-hour Skype session where you discuss your client’s social media
strategy. Along with the Skype call, you might send a full written report via
email on how to improve that strategy.
Let’s look at a few examples. Jim Connolly of Jim’s Marketing Blog sells
two-hour-long “Pick My Brain” sessions for $319 a pop to discuss marketing
tactics. Sophie Lizard of Be a
Freelance Blogger sells one-on-one mentoring sessions
for freelance bloggers in packages ranging from $197 to $497.
5) Paid Reviews
and/or Banner-ads
If you’re generating a decent amount of traffic, you might be
approached by a business looking to sponsor your site. There are usually two
requests you get in these cases:
1.
Paid reviews or sponsorship
posts
2.
Banner ads
Paid reviews are when the business sends you their product and
pays you to write a review about it, but you are not obligated to write a
positive review. Alternatively, some businesses will sponsor a specific post in
exchange for a link back to their site. It is an ethical practice to disclose
the sponsorship to your readers.
Banner ads are just what they sound like. They’re ads you place
in “banner” style, usually in your sidebar. The business sponsoring the ad will
often pay you monthly to keep the ad up on your site.
6) eBooks
Writing eBooks is a super popular way to start selling a unique
product in your industry, and it’s ideal for pretty much any niche. With so
many self-publishing opportunities available, too, it’s easy to get your book
published and ready to sell with major retailers like Amazon or directly on
your site.
How much money can you make? Darren Rowse of ProBlogger reports earning
$72,000 in just one week after launching his eBook. If you’re not terribly
well-known, you can still make a decent chunk of cash. Steve Gillman reports at The Penny Hoarder that he made
about $2,000 from an eBook on ultralight backpacking that he wrote in just a
few days.
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