How to make money from your blog
Do you ask yourself “how does mashable manage to reap a whooping $2,000,000 per month just from blogging?“
Statistics by statista indicate that blogging is a great way to generate income both as a side-hustle or on a full-time basis.
According to targetinternet.com
If Techcrunch, CopyBlogger, and the rest have made it, you too can.
In 4 simple steps,
- Setup your blog,
- Create and edit your content,
- Promote and market your blog and its contents.
- Ultimately, monetize it.
In this series I unveil to you ways through which you can make money with both a small, medium and large blogs whether you are a newbie or guru.
But first, let’s look at some of the myths associated with blogging.
1. Blogging is an easy source of passive income.
You’ve heard or read it before:
“Make $5k a day in your sleep, Sign up“.
You’re amazed! The catch is awesome and better still, you earn while doing nothing.
You opt in.
Only after many years of hard fought war to win real clients is when you come to learn the hard truth; not until you gain a massive traffic on your blog can you start to earn passive income.
Earning high figure passive income requires hard work, commitment and passion. It does not stop there, you must engage proper strategies for you to realize your income.
2. Income reports reflect how much bloggers earn.
Most income reports published by bloggers indicate the amount of money they make using their blogs.
According to firstguide.com, the fact that most income reports fail to incorporate the expenses incurred ( internet, web hosting, email marketing and advertisement), makes the figures unreliable.
Subtract all your expenses from your income when calculating your real income.
3. You can’t earn with a small blog.
You’ve probably heard this before. On the contrary, we’ve disclosed earlier on why you should start to monetize your blog as soon as possible. It gives you an opportunity to retain your initial subscribers as earn some income. Also, you’ll prepare your readers for what they’ll eventually get in future.
Preparing to monetize.
Your blog can only be as good as you prepare it to be.
You may be wondering:
How can I prepare my blog well enough?
According to twinsmommy, start an email list as soon as possible.
Why should I start an email list?
- Keep your initial subscribers for future traffic generation,
- Gain sovereign authority of your contacts on your email list.
- Also, the fact that you’re familiar to your contacts, you’re more likely to grab their attention.
MailChimp offers one great incentive for startups. Amazingly, it permits you to send six emails to 2,000 subscribers per month for free.
Ways through which you can monetize a for new blog
1. Affiliate marketing
Affiliate marketing is the process of earning revenue by promoting products and services for other people for a small commission.
What makes affiliate marketing a tick for startups? You can successfully apply and and actually do affiliate marketing with no or less traffic, provided you have the passion.
Here’s is the deal:
Start by being an affiliate for the products you have subscribed to and use on your blog.
If for example your web hosting company is Bluehost, you can create a resources page on your blog to assist other interested bloggers to sign up for the same.
Likewise, you can be an affiliate for services and products like Mailchimp (email marketing software), or your installed WordPress theme.
Best practice requires you to subscribe to products and services you intend to be affiliate.
Another site that offers affiliate programs is Amazon Associates. Amazon offers a wide range of opportunities as they offer affiliate programs in basically almost every niche.
As you increase your fan base, other bloggers may want to employ your strategies by signing up for the same products or services you use. Eventually, you’ll start to earn some income from the comfort of your seat.
Simply visit their page, read and understand the instructions and hurray, you’re ready to cash in some revenue from your blog.
Affiliate marketing best practices
A lot of bloggers find affiliate marketing a hard nut to crack yet it’s one the simplest ways to earn from your blog. If you are looking out to earn from these easy strategy.
Here’s the kicker:
- Identify the product or service you want to market, write a high-quality review and include an affiliate link in your review.
- Ascertain the best products and services you use on your blog and create a resource page for them on your blog.
- Look for banners for affiliate products that are relevant and appealing to your readers and include them in your blog.
- Inform your readers each time you write a great review about a product or service they would be interested in.
It is recommended that you include a disclaimer in your review whenever you promote an affiliate product to shield you against any claims that might arise in the event of complaints.
2. Google AdSense
Google Adsense allows you place advertisements for other marketers on your blog for some fee. For the best results, you are required to follow their guidelines to the letter. However, most of your audience can easily be discouraged by the enormous amount of advertisements from Google Adsense. Again, they pay peanuts considering the amount of revenue you employ.
Ways through which you can monetize for medium blogs
We have monetization strategies available for bloggers with medium audiences. These include:
1. Offer advertisement space on your blog.
Another way to earn revenue from your blog with a medium audience is to offer advertisement space for other marketers’ for a certain amount of money.
You can choose to do this by yourself or engage sites like BuySellAds to assist you to manage the advertisements using their platforms.
2. Sponsored reviews
Besides selling advertisement space on your blog, you can enter into a deal with willing online marketers to offer sponsor reviews on your blog.
Ideally, you get paid to write reviews for particular products or services and publish them on your blog.
Review products and services that your readers will be interested in as you can earn money at the same time maintain engagement with your readers.
Otherwise, you might lose your precious readers once you choose to write for unfamiliar products.
Also, write sponsored reviews for those products you have used as you will be able to give an honest and compelling review.
3. Selling your own products or services
Before you decide that you are going to sell your own products or services on your blog, you need to determine whether there’s a paying market for the product or service you want to sale.
One great way to know if there’s a ready market is to look at what most of your readers ask for.
For example, if your readers ask you to develop content for their business, then you know that tutorials on content writing and marketing have a ready market.
Ways through which you can monetize for blogs with large audiences.
As a matter of fact, blogs with large audiences are easy to monetize.
Why? simply put:
More traffic translates to more revenue.
Here’s the kicker:
Create an advertising page on your blog, keep yourself up to date with the number of traffic on your blog, use the figures to find a suitable price for running ads.
1. Syndicating content
Simply submit your videos or marketing campaigns to there platform and in essence, they create a code that can syndicate your content.
As readers visit and click on your posts, you are able to earn some revenue depending on the number of clicks.
2. Selling your blog
You may consider selling your blog in the future. If so, ensure its not tied on your name, products or services. Also, most of the revenue should be from advertisement.
Blogs with massive traffic, high quality content, and more dollars from advertising revenue, the better your blog and the better the price.
We hope you’ve enjoyed this guide to creating a successful blog—from setup to monetization. There are many other monetization strategies you can try with your own blog. These are just the most popular ones that tend to generate a lot of income for a lot of bloggers!
For more on my Become a Master Blogger Series, check on the following blog posts.