You’ve been working hard on
your blog, and now you want to make money on it.
I get it - it’s only natural.
And the fact is, there are
people making money on their blog - thousands in fact.
But for every one of them,
there are another 4 people who are not making money on their blog (seriously,
81% of people never make more than $100 on their blog).
But it doesn’t have to be you.
There are a lot of ways to
earn a buck. I’ve written about over 500 ways to make money online myself.
But that’s a pretty long list
- so here’s the 5 most common and likely to be successful ways you should be
considering:
1.Take Donations
We all have to start
somewhere, right?
And what’s easier than simply
putting up a Paypal link on the side of the blog and accepting donations.
Some people might say this is
tacky, but it’s entirely up to you what you do with your blog.
After all, most likely you’re
producing valuable content for free. If people don’t want to donate, they don’t
have to, but maybe they do?
2.Monetize Your Email List
The money is in the list, or
so they say.
Perhaps one of the easiest
ways to make money from blogging is to build up a list and market to them.
For example, if you use
AfterOffers, you can usually get paid up to $1 per subscriber, which isn’t bad
if you’re getting 10s of subscribers a day. I personally earn around $100/month
on my blog through AfterOffers.
But if you properly monetize
your list, a subscriber can be worth much more than $1.
I have read articles where
bloggers wrote that a single email subscriber is worth over $15.
Of course just having them in
your list is rarely enough - you have to have something to market to them.
3.Affiliate Sales
One of the primary ways
bloggers earn money is through affiliate sales.
The model is simple - if you
refer a customer to an affiliate partner, they give you a commission, sometimes
as much as 50%.
This works very well because
there are thousands of products out there with affiliate programs, much more
than any one person can produce.
Basically, there is almost
always a product with an associated affiliate program that can be promoted if
you need one.
4.Display Ads
Although display ads have been
on a steady decline in recent years, they still have some life left in them,
especially in particular niches.
One niche that is heavily
monetized by display ads is the food blogging niche.
Why?
Because display ads requires
loads of traffic to earn money, and only some niches have that level of traffic
(think the biggies like food, fashion, etc).
5.Sell Your Own Product Or
Service
In my opinion the Holy Grail
is to sell your own product.
Why?
Firstly, you get 100% of the
sales (as opposed to an affiliate program).
Secondly, it’s fantastic for
branding (assuming it is a great product, which it should be).
Lastly, you have complete
control on how you choose to market it and what you decide to do with it year
after year.
Some popular choices in this
category are:
● eBooks
● Courses
● Coaching
Though that’s really just the
tip of the iceberg.
I have seen some bloggers
charge $2k per hour through their coaching sessions, so this is definitely not
to be overlooked!
