Starting and monetizing a blog was never been easier… BUT,
Can you really make a living by blogging? Can you make money blogging?
Yes. Earning money from a blog is dead-simple math, though you need to have a clear monetization strategy.
Lucky for you, I am going to share 7 ways to earn money from your blog. You can choose the ones’ you are the most comfortable with and implement them.
Fundamentals – How to Monetize a Blog?
7 Ways to Monetize your Blog
- Show Advertisements
- Promote Affiliate Products
- Accept Brand Sponsorships
- Create & Sell Courses
- Provide Consulting Services
- Sell Products (Digital or Physical)
- Offer Membership Plans
1. Show Advertisements
Advertisements are the best way to monetize a blog for beginners!
Here’s how it works:
You have a blog with people coming to it consistently. You can then start monetizing them by showing advertisements. You will earn every time a user views or clicks an advertisement on your website.
To show Advertisements – Apply to an ad network like Adsense, and if approved they will give you an HTML code that you have to place on your website. That’s it – you can start earning money now.
The best part?
It is an easy, passive income!
MORE TRAFFIC = MORE MONEY
Note: You need to be a little patient with this monetization strategy. You need to be consistent as getting AdSense approval is a little tricky task too.
2. Promote Affiliate Products
Affiliate Marketing is one of the best and most popular ways to monetize a blog in 2020.
Affiliate marketing is a performance-based marketing method to earn a commission by promoting or selling any product or service which you don’t own.
In simple terms, you can recommend other companies’ products in your blog and earn huge commissions while helping your readers!
You don’t have to make your own product or service. All you have to do is to write content that solves a problem and recommend affiliate products alongside!
Ex – If you are running a health blog, you can easily sell products that help your readers to stay healthy!
To get started, search for – “best health affiliate programs”
NOW, in whatever industry/niche you blog, you can find related affiliate programs, join them, recommend the product/service and earn huge commissions!
3. Accept Brand Sponsorships
Brand Sponsorships are for established bloggers who have high consistent traffic coming on their blog.
Wondering… How does it work?
Let’s suppose you have a blog about travel where you share about your trips & stuff…
Then travel-related companies like Airbnb might contact you to write about their product on your blog. In return, you will earn money & Airbnb will get exposure to new customers and a few sales (probably)
Also, you can pitch the companies too & convince them to sponsor your blog! It works both ways!
4. Create & Sell Courses
The E-learning industry is expected to reach about $325 Billion by 2025.
It’s the perfect time to create your own digital course and sell it online…
The best part?
Creating & selling courses have become very easy these days. You can literally launch your online course in a single week.
Follow this step-by-step process to get started –
- Brainstorm – Find out what you’re good at (What can you do better than most people?)
- Feedback – Collect questions/pain points from people (Send a short survey)
- Host – Find the home of your course (your website, udemy or others)
- Create – Start creating your online course
- Launch – Launch your course!
You can now start promoting/selling your course and earn money!
Use your blog traffic to spread awareness about your course & I bet they will be the most excited to buy!
Note: You don’t need to be an expert to create an online course but your course should add value & help people to reach their goals.
Ask yourself – Will you buy it?
5. Provide Consulting Services
Consulting/Coaching is one of the easiest ways to monetize your blog.
Today, People face many challenges in life…
As a Coach, you can guide people to overcome the challenges they are facing in the area, you hold great knowledge & expertise in!
Note: Know what you’re doing. If you are not experienced in the area you provide coaching services in, then chances are you will give bad/wrong advice to people, which might lead to a disaster.
Though if you know your stuff,
Leverage your blog to position yourself as an expert in that area & then spread awareness about your consulting business.
Blog about the problems your typical clients face and show them how you can help. If possible, share the testimonials of your happy clients upfront.
6. Sell products (digital or physical)
People love buying products!
Think Amazon for an example, or take it from Alibaba who sold $38 Billion worth of products in a single day!
There are 2 types of products: Physical & Digital.
You can sell either physical or digital or maybe try a hybrid model & sell both as per your niche.
Here are a few ways you can make money blogging by selling products –
- Dropshipping – Open a dropshipping store
- Open your e-commerce store
- Create & sell E-books
- Private webinars for motivated people
- Other helpful products
Heck, there are people like Clay Collins, who got the idea for Leadpages ($25 million/year) from his blog where he used to write about optimizing landing pages.
7. Sell Membership Plans
Membership/Subscription plans are less popular among bloggers yet it is the best!
Companies like Netflix use this business model to earn money from their customers every month.
A membership website is a gated (barrier) part of a website, where only the people with an active subscription can access exclusive content & enjoy other benefits too!
The best part?
Recurring Money! People will have to pay either monthly or annually to receive exclusive benefits.
Though, you need to create something which provides value to your subscribers continuously. If not, they will unsubscribe.
Research well before creating a membership plan!
Conclusion (Make Money Blogging)
If you want to make money from blogging, understand this crucial truth –
Blogging (sharing stories) alone isn’t enough. You need to recommend products/services to help your audience and make a living out of your blog.
Most bloggers struggle to earn money from blogging efforts because they neglected the importance of selling.
Heck, blogging is all about selling (selling stories, products or services, etc.)
Everything in this world is revolved around selling. If you can’t sell, you will continue to struggle!
That’s it. If you liked it, feel free to share it with your blogging friends.
Also, share your best monetization strategy in the comments?