© 2022 Top Online biz review
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You want to learn how to make money online through blogging? I got great news for you!
It is totally doable. Don’t let gatekeepers in this industry stop you from achieving your dreams.
Blogging can be a very lucrative online business and I will show you 5 ways you can make money online with you blog.
Let’s get started!
Before I dive into the 5 ways to monetize your blog. Learn about my tips to writing a blog!
This article should help you with writing well thought out blog posts and get more readers.
I also highly recommend to use a hosting company to write your blogs with WordPress. I use Bluehost for a majority of my websites and I have loved the speed, uptime, and customer service so far.
Keep in mind that you can monetize your websites with these suggestions but you should focus on the one that most naturally fits your niche. You will understand as you read this article.
Okay let’s start with affiliate marketing.
Pros: Ton of products or services to promote with unlimited profit potential.
Cons: No control over the service or product quality.
This means that your job as a blogger is to act as the bridge to a service or product and successfully sell it to them to earn a commission. If a reader clicks on an affiliate link and purchases the service or product. You will be credited with a commission for that transaction.
The commission is defined by the merchant contract and the requirements to confirm a conversion vary depending on the affiliate program.
It can range from signing up for a free trial or depositing money with a new financial account. Depending on the niche you chose, the difficulty in converting a reader can vary.
The biggest advantage to affiliate marketing is that you won’t need a ton of traffic to get started and make some decent money online. It is not uncommon for small bloggers to make 5-6 figures a month while only having 5-10 thousand monthly visitors.
This becomes a truly passive income source where you can make money while you sleep!
The dream for all bloggers.
One of my favorite ways to earn a little extra side income!
Pros: Anyone can do this! Leverage your expertise and help others.
Cons: You can’t scale consulting as you are trading time for money. It won’t be passive income like affiliate marketing.
Even though this isn’t a monetization path that leads to a ton of money down the road. I still believe there is value in providing this service to those that need your skills! This may only be 8-10% of your yearly income from online blogging. However, that is still a significant amount and you get to help clients with their problems.
It’s a win-win!
You only need a website for yourself and you can also show off your blog. Two sources of content that acts as both your resume and as a brochure to your skill set.
You don’t even need to learn any coding too! I was able to build a ton of websites with Elementor and get them online within a day. I seriously recommend using Elementor with WordPress so that you can focus on you business without having to worry about learning the complexity of coding a website.
Plus, with WordPress, you get access to a ton of plugins that accelerate your online potential to engage with clients.
Ads! Everyone’s favorite way to get blasted a product they don’t want…just kidding! There is value in advertising but these days it seems like it is more annoying than actually useful.
Pros: Easy to implement in your website!
Cons: You need a ton of traffic to make any significant income from it and it can turn off some readers.
On page advertisements can be in many forms. I prefer ads that populate in side banners versus inside the content itself since it is easy to accidentally click on an ad when scrolling.
You see super intrusive ads in food blogs!
Seriously…I just want to read the recipe. However, on the flip side, its known that some of these sites can make very high 5 figure monthly incomes from JUST advertisements.
There are a ton of ad networks you can join. For example:
These ad networks are the ones I am familiar with and ones you can implement in your blog. I wouldn’t worry about monetizing via this method until you have at least 10k monthly visitors. At that point just join up with Ezoic, since they offer insanely good CPMs.
Lastely, consider selling your own ad space on your website! You can get private advertisers and charge to display a banner on your website. This can be a very lucrative way of displaying ads that won’t clutter up your website design. This way nobody is upset and there is value to everyone involved.
Exactly as it says. You get paid or sponsored for a blog post on your website.
Pros: Brands pay you in exchange of promoting your audience. This can be worth a lot and grows in value as your site becomes bigger.
Cons: A badly done sponsored post could negatively impact your website. Make sure to be picky with your sponsored content and that it fits your niche audience.
Either your sponsor gives you an article to publish or you write the post yourself. You get paid in exchange for the post or whatever agreement you setup with the merchant.
You can actually reach out to brands about promoting their product or service. Send them a message through social media or contact forms on their website.
Remember to disclose that the article is paid for/sponsored. Any links that the merchants wants in the article needs to be a nofollow link.
In code terms after your <a href=”urlhere” put a rel=”nofollow sponsored”. This is important and make sure not to forget as it can impact your website ranking in SEO.
All in all, sponsored posts can be a good source of income but keep it tasteful. Really vet these brands before posting about them because you don’t want the negative backlash and lose all your hard work.
A digital product can be anything from:
Pros: You don’t have a physical inventory. You keep 100% of the profits.
Cons: It can be copied easily by others. You need to promote your product either via your blog organically or with paid advertising.
This can be a great way to share your skill set with a larger audience through a text or video medium. Once you create it, you have an unlimited profit potential.
Making a product can be time consuming and if this is the route you may be considering then get strapped in. I recommend doing either the eBook or online course route.
With an eBook, it can take anywhere from a few weeks to a month to write. Whereas, an online course can take a few months to a year to complete. The quality is up to you but remember it will be harder to sell the product if you have a subpar product.
I like using short eBooks with some information that I don’t write about in my blog in exchange for subscribing to my email list. This gives your audience an incentive and you provide them value in the eBook.
With online courses you need to script your topic, record the content, edit your videos, and create a website to host your content. Otherwise you might be interested in promoting it with Udemy or Teachable! I think Teachable has amazing features and great pricing for the quality of the platform. You have the ability to host unlimited videos and courses with an unlimited number of enrolled students. Access to quizzes and course completion certificates. As well as built in affiliate marketing to have your course promoted by other affiliates!
I hope these 5 monetization ideas can give you an idea on how to plan your 3 month, 6 month, or 1 year business plan for your website. It is always a good idea to plan the way you plan to make money with your blog.
I still recommend going for affiliate marketing and creating a digital product. With more experience and a larger audience you can make the other monetization methods more effective!
Again, keep your niche in mind when doing anything. You will thank yourself in the future!
© 2022 Top Online biz review