A lot of times, when we begin blogging, we almost want to immediately start to earn from our blog. This is possible but it takes time to make money from blogging. Truth is, it is possible to monetize your blog. However, it takes patience, hard work and consistent learning to be able to make money from your blog.
The first thing to do when trying to monetize your blog is to identify the stage you’re in as a blogger. Preferably, earning some income from your blog should be considered when you’ve established your blog and have a growing fan base. This is important because you an encouraging traffic.
There are various ways to monetize your blog, most of which are not generated directly from just blogging. In today’s post, we will outline 10 ways to monetize your blog.
10 Ways To Monetize Your Blog
1. Affiliate Marketing
You almost cannot talk about earning some income on your blog without mentioning affiliate marketing. Affiliate marketing is the easiest way to monetise your blog. It involves recommending a product or service to your audience on your blog. It has to do with using special tracking links that allows the owner of the product to know when a client or customer gets referred to his page from your blog.
That is, for every referral who purchases the product or service, you get a commission paid to you. All you need for affiliate marketing is a niche, an affiliate product and an audience to sell the product to, then, you begin making your money from your blog.
2. Sponsored post and paid reviews
Secondly, you can make money from your blog by writing sponsored post or paid reviews on your blog. Sponsored post & paid review requires you to have a lot of traffic and credibility on your blog. Therefore, as a blogger, you charge a company to write about their product or service on your blog.
For a sponsored post, you get to write a post on the product/service explaining its features and benefits, as well as publicising the brand. On the other hand, Paid reviews gives you the opportunity to try out a product in your niche for free and even get paid for writing a review on it.
Most importantly, choose brands in your niche so that your blog post wouldn’t be a deviation from your niche. In addition, you should know the laws guiding sponsored posts in your country and on the platform you’re using to play safe with it.
Also Read: HOW TO START A BLOG IN 2020
3. Sell Digital Products
Another good way to monetize your blog is to sell digital products. You can create e-books on a subject matter in your niche that you know your audience are interested in. You can also create courses on valuable knowledge in your industry that people want to know about.
And you can as well create an online T-shirt store, where you make different T-shirts designs and people come to buy it from you. Once you produce all of these digital products, you can use your blog to publicize it, thereby, generating more money.
4. Be a freelance blogger
You can decide to offer freelance blogging services to other bloggers in your niche. The path to profitability as a freelance blogger is finding the right market to position yourself. The best way to find businesses or blogs in your niche to write for is to make a Google search for keywords related to that niche.
To successfully get these freelance blogging job, you need to establish yourself as an expert in your niche and your blog can serve as a reference point to determine this.
5. Sell services Online
Just like selling products on your blog, you can also sell services on your blog. You can make money on your blog by offering coaching and consulting services to your audience.
You can coach people to become experts in a particular field in your niche or consult for people by leading them though to becoming experts in that niche. However, you can only be able to make enough money when you’ve established yourself as an expert in that industry/niche.
Also Read: How to Plan Your Blog Content Like a Pro
6. Partner with an influencer
A good way to make money from your blog is to partner with an influencer especially if you sell a product or service. You can engage the service of an influencer when you’re about to launch a new product/service in your organisation. So the influencer, can make a post recommending your product to people. Influencers help bring you credibility, reach and engagement to your blog.
7. Start a Podcast
With the increase in number of people listening to podcasts now, you can decide to tweak your blogpost to a podcast. In fact, You can direct people from your podcast to your blog. If your podcast delivers great content, most definitely, people will want to check out your blog to see what more you have to offer them. More traffic equals more money.
8. Launch a virtual summit/host a paid webinar
With the recent development in technology, you can monetize your blog by hosting a paid webinar or launching a virtual summit. Virtual summit is different from a webinar. Virtual summits are interactive and engaging. They’re conferences with multiple speakers and Q&A session covering a topic.
Since virtual summit allows for the audience to access the materials for a limited time, you can even decide to have an ‘’all access pass’’ that allows attendees to go over the conference material anytime they want. All these for a price. All of the announcement for the webinar, virtual summit and even the ‘’all access pass’’ can be made on your blog. If well announced and publicised, this can also increase the traffic to your blog.
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9. Create a paid membership plan
On your blog, you can have platform that is restricted to members only. Here, your audience pays to have access to certain contents, value and areas of your site. It can be made up of a forum, freebie, questions & answers community. Consequently,the more members you have, the more money you make from your blog.
10. Accept Donation
Finally, you can monetize your blog by asking for a donation. This is especially good for non-profit organisations. You can make use of plugins on your blog to accept donation.
Blogging is a great venture to earn cool cash from. Want to earn some laughter provoking income through your blog? Try these methods out.