Everyone who is sailing in blogging ship wants to make money with blogging. But, Do you know how? Do you know which are the best ways to monetize your blog?
I have been making money from my blogs since past 4 years. The crux that I have found from my past experiences is that blog monetization methods that work best are the ones that take more work.
Well, Making money with your blog isn’t a process or “technique”. Rather, it depends on many things like the way your blog is designed to attract customers and also, sending your customers directly into your money-making machine.
Now, Without wasting much of our time let’s talk about various monetization strategies.
1. Affiliate Programs
Affiliate marketing is one of the best and great medium of making money. You can make people buy a product via your personal affiliate link and can earn good referral commission from that.
But, here I want to clear one thing that relying on affiliate marketing as your business model totally can be a loss as you have little control over the sales process itself. Also, there is just a severe shortage of decent products that you can promote in some online marketplaces. But what is good about it is that you can still make a good commission.
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2. Build It & Sell It (aka Flipping)
Also, You can create a blog, build an audience, and later, sell the blog on online websites. You will be surprised to know that few people buy blogs which are dead or are not used much by their owners. They invest their marketing skills to work, build backlinks, build traffic and then they sell it at a profit.
3. Product Information Blog
You can also use your blog to sell a digital information product. Just like, some people prefer to selling e-books. While others prefer to sell their digital products using some third-party marketplaces such as E-Junkie, GumRoad, Clickbank, JVZoo, and many others. You can also do so and earn good money from your blog.
4. Membership Site
You can turn your blog into a business by making its virtual storefront. YES! You found that right, and that’s the membership site.
But, Before creating such website, you need to understand that a membership site can be formed in different forms. Most of the times people think that it means a recurring monthly program. Rather, It’s one aspect of the site, so you don’t have to see it as a recurring membership site. We have seen the revenue from such sites can be pretty high.
5. Speaking Gigs
If you have gained a lot of experience in your niche, then you can turn that into speaking gigs, and you can earn from that as well. The main goal of your blog is to brand yourself as an expert in a particular niche. At this stage, your target customer will be the event organizers.
So, if you have a speaking potentially, and you are easy with it then this service can make you a lot of money. You just have to keep in mind who your real customer is.
The sale services are the best option according to me to make money with your blog. Yes! Of course, offering services are often the fastest and one of the best way to make money with the blog, as there is no time gap.
If you know, you have the expertise in a particular field, and then you can start an online business within the day. Also, you can charge higher prices for services or consultation and also, you can offer a digital course. Selling such services can be a good idea.
7. Banner Advertising
You can use your blog space to advertise someone’s product or company. You can place banner ads on your blog which can help you to build up a whole storefront in your local city.
According to me, Banner advertising doesn’t work that way as other monetization methods. It doesn’t result in much revenue. If you want your banner ad to turn into a solid revenue source, then you need to have a lot of traffic to your blog.
8. Physical Product Sales/ SAAS
You can also sell digital products such as software, SAAS (software as a service), or even physical e-commerce.
Software as a service (or SAAS) is a great online business model. You can solve a problem of some people with concerned niche using a custom software program and also, you can sell the products and services to them. Also, we can sell products using e-commerce, where the real purpose is to sell “real” goods that are shipped all around the world.It is a multi-billion dollar business.
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9. Paid Posts
Paid posts or paid reviews are the all time medium to make some cash flow. It is a trend in the market where there is a lot of audiences who read the good stuff in blogs, so people (Fellow bloggers) buy stuff. Let me tel you a blog, “mommy blog”. This blog is famous for paid post, and they do a lot of paid post.
Well, The fact is that blogs are one of the powerful branding tools. So, the companies who want to promote themselves just approach bloggers and try to get a deal with them.
If I had to guess, you arrived at this post because you’re at the very beginning of thinking about making money with your blog. You’re trying to figure out the best way forward. So, Try these ways and enjoy financial freedom from your blog.
Happy Blogging 😀
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