How to monetize a blog : top 10 methods
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The greatest motivation for starting a blog is monetization. People are more and more attracted towards self employment.
According to convert kit
"24.2% of people start blogs because they want to be self-employed "
(Source: Convertkit.com)
Thousands of people have gone from blogging as a hobby to earning a six-figure per month income. But you’re wondering, is it possible to monetize a blog ?
Monetization is a common discussion topic among bloggers.The most popular monetization methods in terms of revenue generation by far are
Google AdSense (33%) and
affiliate marketing (26%).
selling various services or products 17%
There are 600 million blogs in the world, according to Growth Badger, and many of these blogs are monetized, providing passive income or lead generation.
If you put your time and money into setting a blog, writing premium content,, it definitely satisfy your motivation for extra earnings.
One of the biggest advantage of blogging which makes it a much more motivating business model than any other is it's multiple monetization methods and strategies
Here are 10 practical and actionable methods by which you can monetize a blog in 2021:
Affiliate Marketing
E.mail Marketing
Advertisement through Google Adsense
Physical or digital product offerings
E.book selling
Become a freelance writer
Promote sponsored posts
Sell online courses
Promote Your Web Host
Product Reviews
Affiliate Marketing:
" Recommending the services, digital products, and physical products of other companies in exchange for a commission is known as Affiliate marketing "
Promoting an affiliate product comprises a large chunk of revenue for many high income bloggers.
In general, look for affiliate products with higher price points; web hosting companies are a great choice if it makes sense in your niche, with payouts of anywhere from $60-$130+ per sign up.
If your niche is fitness blog, you can easily sell affiliate health, weight loss or body building supplements to Target people.
According to Neil Patel,
" Affiliate marketing is an excellent opportunity if you truly believe in the value of the product you’re selling. Because many times, you can make money off of something you would probably recommend anyway.”
Best Affiliate Marketing Market Place :
Here are some of the popular Affiliate marketing marketplace that you could join:
Amazon Affiliate program
Share A Sale
Partner Stack
Impact Radius
A win
Commission Junction
J v zoo
Click bank
digi store 24
Email Marketing:
There’s one more thing you should do if you want to make money blogging—build an email list.
In 2021 the most powerful methods for making money from your blog is directly through email marketing. But to be successful, you need to build your benchmark list of atleasts 1000+ visitors.
Benefits of Email marketing :
Boost affiliate marketing income
Generate sales of your ebook
Get more webinar registrations
Drive more signups for your online course
Sell more merch
You can expect to generate approximately $1 per subscriber per month
Best email marketing platforms :
Convert Kit
A weber
Infusion Soft
Get response
Hence, with email marketing, you can promote whatever you’re selling directly to your audience.
Advertise on Your Blog with Google Adsense:
According to Michael Hyatt :
" With Advertising, I was soon making a couple of thousand dollars a month. After eighteen months or so, I was averaging $3,500 to $5,000 a month—not bad for something that had started out as a hobby.” – Michael Hyatt
Advertising on your blog can provide a healthy revenue stream (33%). Advertisers are willing to pay to gain exposure to your audience.
Perhaps the most popular network for placing these types of advertising or ads is Google AdSense. With this program, you do not need to be in direct contact with advertisers; you simply place the banner on your site, Google chooses ads relevant to your content, and your viewers click on the ads.
Types of ads :
There are two popular types of ads:
CPC Ads :
Cost per click (also called pay per click) ads are usually banners that you place in your content or sidebar.
You are paid for ad click , when people click on that ad
CPM Ads:
CPM Ads, or “cost per 1,000 impressions,” are ads that pay you a fixed amount of money based on how many people view your ad.
Ad networks:
There are ad networks that are the simplest and widely used for monetizing a blog .You just need to have a blog to get approval on these ad networks.
1.Google Adsense :
The way AdSense works is by serving ads that are relevant to the content appearing on a specific page of your blog.
Many advertisers are willing to pay a premium price for your ad space in order to make content relevant .
According to Searchenginewatch.com
" 80% of paid advertisements are used for building an audience "
2.Media.net
If your blog is having less than 300 views a day, then you can use media.net also .
In nutshell , anyone can join Google AdSense or media.net for example, and can later grow into more selective networks like Media vine and Ad Thrive.
Physical or digital product offerings:
According to (Contentmarketinginstitute.com)
"61% of online shoppers in the US say they made a purchase after getting a recommendation from a blog post "
Creating a shop or online store page to your blog is easy choice for selling products.
With a plugin like Woo commerce you can easily sell products at free.by simply giving some recommendations about products.. Whether you sell physical products like apparels, baby stuff, or diet supplements or your own digital products like templates, printables, WordPress themes, video tutorials, audio recordings, and the list goes on.This can be a great way to make some extra cash from your blog.
E book selling :
"Sell Ebooks. If you can create premium content for your readers, they will be highly likely to buy it. Plus you’ll make more money than if you just shoved ads on your blog.” – Neil Patel
Another attractive method of Monetizing blog is just to create well structured ebook on any in demand topic and sell it on different platforms.
The more visitors you get, the more chance you will have to boost sell on your books.
E.book not only make money for you but also helpful in building your email list if you sale it on your blog at free in return for email address.
By asking for an email address you kill two birds with one stone. One, you help build your mailing list, and two, you have found a potential new reader to consider buying your other books.
Where to sell books:
The best platform for selling books online are Amazon kindle
Become a freelance writer
One of the best ways to make money from your blog is to become a freelance writer for more prominent blogs
Businesses are looking for people that can create content to fuel their marketing so try to become a freelance writer and offer your services
.As a writer, you could think about
writing content for other sites,
editing the content
proofreading
online courses for new writers
writing reviews or copy for promotional purposes.
Best platforms for freelancer:
You can use freelance marketplaces like Up work, SEO clerks and Fiverr.
Many freelance writers use this as an income stream. Put your thinking cap on and you will find a service you can provide and promote on your blog
Promote sponsored posts
Sponsorships are a great way to make money from your blog
According to copy blogger
"Sponsored content is what a publisher creates and then a brand pays for.”
Want to get paid for writing a blog post? If the answer is yes, then accept sponsored blog posts!
A sponsored blog post is an effective way of monetizing a blog.
A sponsored post is an article commissioned by a third party to promote its product or service to your audience.
Imagine you are running a successful blog that focuses on health . A doctor or nutritionist may ask you to write a sponsored article on some Heath issues Sponsored posts are mostly promotional.
There is no standard fee for a sponsored post or for sponsored content. The amount paid is negotiated between the third party company and the blogger. The biggest challenge with sponsored posts is finding a third party company to partner with.
Where to write sponsor post :
Sites like Cooperatize, Sponsored Reviews, and Tomoson may have some profitable opportunities to explore.
You can also join blogger networks like:
Valued Voice
Blog Dash
Massive Sway
You can also reach out to brands directly to see if they’d be interested in partnering with you.
Sell online courses
Creating an online course is a great way to upgrade your blogging career.It is great for blog monetization. If you have an.
audience and niche , online courses can help attract new customers and drive real revenue for your blog.
Courses work great when it comes to technical skills like web development, digital marketing, graphic design and so on.
Ben Collins who launched his blog on Google sheet in 2014 earn over $80,000 income just by selling online courses from the blog in 2018
Online courses are incredibly popular. That’s why there are so many platforms to create and sell online courses.
Best platforms for creating course:
Sites like U demy, Teachable, and Course Merchant have become popular with marketers and technical instructors..
In fact, the average instructor brings in $7,000 from U demy courses
But instead of depending third-party platforms, you can actually create and sell your own online course at your blog.
It’s time to get down to business. Start with your best blog posts. If I were to create an online course on digital marketing, I create course on "how to earn money from digital marketing "
Promote Your Web Host:
You could start making some serious affiliate money by promoting your webhost.
Pat Flynn, the owner of Smart Passive Income, made $37, 650 in February 2015 alone from promoting his web host, Blue Host.
How to promote webhost:
You can promote it to beginners site makers who want some advice about selection of best web hosting.
You can also provide some referrals about it by making some comparison among other hosts.
Products Review :
Review blogs has the power to build trust better than any other marketing method. It really gets the attention of consumers and can be quite persuasive.
"Blogs affect customers’ buying decisions as 47% of them go through 3 to 5 blog posts before the buying process "
(Source: Demandgenreport.com)
Monetizing a blog with product reviews is also a good choice.Its works in either of two ways
Paid Reviews:
Services provider or companies ask you to run an article about their product. They’ll usually give you free access to product, and you can give your experts opinions about it.
.
Affiliate Sales:
You can set up an account with a site like Amazon Affiliate for lots of options to fit your niche and give your review on them
“To put it simply, if there is an affiliate program available for the product you’re reviewing, by all means do sign up. Just don’t make affiliate sales your main goal when writing the review.”
– Karol K
Conclusion
Blogging alone doesn’t generate revenue unless you can find a monetization strategy that works for your blog.
And here you find 10 best ways or strategies for how to monetize with a blog. Not all of them will apply to your specific situation, but you should feel free to mix and match to create a diversified monetization stream.
Reading this, we hope you now have the strategies to start making money with your blog.
Have you discover any other great methods on how to monetize a blog? If so, share them below.
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