Whether you’re looking to make some extra cash to pay off your student loan or you’re ready for a marketing career change, blogging can be a great source of income if you play your cards right. This article takes a look at five effective monetization strategies you can implement to make money blogging.
Do you have a knack for writing? Has it been your dream to quit your soul-sucking 9-5 job and make money writing about your passions? Blogging can help supplement your income or even replace your day job, so why not give it a shot?
Whether you want to write about parenting, politics, photography, or any other topic you are genuinely interested in, here are five ways you can monetize your blog effectively without leaving the comfort of your home. Let’s dive in!
Promote Affiliate Products
First of all, what is affiliate marketing? In a nutshell, it is a form of internet marketing where you make money by referring people to online stores and getting paid a commission for every sale that you generate.
As a blogger, you can do the same thing. All you need to do is tell your readers about the products and services from other companies you use and want, and if they make a purchase from that company by clicking on your link or ad, you earn money!
However, keep in mind that affiliate marketing is not like other types of advertising where you will get paid just by landing the banner on your site once – in this type of promotion, you will only get paid when someone actually buys something.
Sell Online Courses
Are you an expert in a particular field and want to leverage that knowledge into some cash? If so, selling online courses might be just for you.
You can create a new course on any topic imaginable, host it on your website and start monetizing your blog while providing the world with an informative and affordable learning option. It is a win-win situation for everyone involved: you get paid for your expertise while others get the opportunity to learn more about what you know.
Become a Freelance Writer
Do you consider yourself a wordsmith? Can you churn out a captivating piece in a matter of minutes? If so, why not use your skills to the fullest and monetize those talents by creating original content for other websites? It can be anything from a guest blog post, article, or even a press release!
The great thing about freelance writing is that working with other content creators will introduce you to new people who might be interested in your work as well. The more people know about you, the more chances they will hire you for their own content.
Plus, you can work whenever you are able, so if you are always busy with your family or simply prefer to work at night, then this approach is for you!
Sell Your Products
This method will be more difficult if you are just starting out, but the potential upside is huge!
As a blogger, your product can be anything from ebooks to t-shirts to handmade jewelry – the sky is the limit. Just keep in mind that if you go this route, you need to make sure that your product is up to par and provides real value to people. Consider getting some expert feedback on your idea before starting the final production process.
After all, there is no better advertising than satisfied customers who actually use and love the product themselves.
Sometimes the best solution is also the simplest one.
If you are not ready to fully commit to the monetization options listed previously, you can keep your blog ad-free and ask people to make donations instead. You can also offer your followers premium content in exchange for their generosity, thus creating an even stronger connection with your audience.
However, don’t expect this type of monetization to give you the kind of cash flow that you can live off of. Most readers will not donate thousands of dollars to your website, so you should consider donations as an additional source of income.
Make Money blogging
When it comes to monetizing your blog, the sky is the limit. The key is not to despair if you go through a rough patch but rather to stay focused and keep trying new things.
After all, if you are passionate about what you write, the money will follow sooner or later, and you will have a ton of fun along the way!