The difference between a blog that is just built for enjoyment and one that is built for profit is monetization. How can you monetize your site? If you’re just beginning a blog to journal your daily ramblings and entertain your friends and family, you’ll not want to be too worried about monetization, though you might want to leave the door open for it in the future.
Many pastime bloggers choose to monetize their blogs later once their audience grows. So, having an idea of what blog monetization is about can be beneficial.
Monetizing a blog is basically getting ways to make money from it. Normally, there are 6 established ways to go about it. There are a few other ways, but these 6 are more than enough for you to start off with.
1 – Monetize Your Site with Affiliate Marketing
This technique is right at the top of the list because it is easy and profitable. To be successful with affiliate marketing, you will need to have links on your blog indicating products that your readers can buy.
Once they buy a product, you will get a commission. This method is hands-off and the merchant will send the customer the product, leaving you without any customer help issues to deal with. Since you are like a virtual salesperson, you will get a commission.
To become an affiliate, you must sign up with the affiliate network. Popular networks such as Commission Junction, Rakuten, Shareasale, ClickBank, Amazon Associates, etc. have loads of products for you to promote.
2 – Sell Your Own Product to Monetize Your Site
Once your blog gets thousands of visitors, one of the most lucrative ways to monetize it will be to produce your own products and sell them to your readers. You could create a digital info product, or you could create crafts and sell them through Etsy. Print-on-demand companies make eCommerce easier than ever before (Custom Cat, Gearbubble, etc.)
The opportunities are limitless. If your products are compatible with the niche you are blogging about, your audience will be interested in what you are offering.
3 – Monetize Your Site with Email Marketing
Do make certain that your blog has an opt-in form for visitors to sign up to your list. You will need an autoresponder software such as GetResponse or Aweber to gather the emails and systematize the process. This software comes with a monthly fee but is a required expense to take your business to the next level.
If you are using Thrive Leads, you can have sticky bars, scroll mats, pop-ups, and other list-building alternatives to help you get more leads. Once you have subscribers, you can email the list frequently and build a relationship with them and promote and sell products to your people.
4 – Monetize Your Site with Ads
A popular way most marketers monetize their blogs is with Google ads (Adsense) or other niche-specific ads.
You may also look for promoters to place sponsored content on your site for a monthly cost. Of course, you will need a large audience, and your blog content must be superb to attract sponsors.
Generally, it is best to attempt the first 3 points cited in this article because they are much more profitable than Adsense or other sponsored ads.
5 – Memberships to Monetize Your Site
One great way to monetize your site will be to sell a course or product that has a recurrent charge. For instance, if you are in the keto niche, a monthly bulletin that provides new keto recipes every month for $10 will be a superb way to produce revenue.
If you have 500 members, you will be looking at a monthly recurring income of $5,000. This is not a small change, and worth the time and work required to set up a membership site. Do not panic. It is easy with all the software options such as WishList Member, Amember, ClickFunnels, etc. available to you for a fee, of course.
6 – Turn Over the Site
This is the last method to monetize your site, and it is one that must be a dispassionate choice. If you can build up a blog and get it ranking and making money (using the approaches stated above), you can certainly sell the blog on sites like Flippa for 8 to 12 times your monthly revenue.
This method will bring you a substantial inflow of cash and permit you to start on a few other projects. You could build new sites that you sell in 9 months for profit too.
Marketers who participate in flipping sites are very logical and meticulous in their approach. They have no emotional link to their blogs and the blogs are not branded around their persona. These blogs are just money-making devices that are sold for profit.
The 6 techniques mentioned in this article are real-world methods of monetizing your site. Many bloggers make 6 and 7 figure sums just using the first 2 methods.
So, you can rest assured that if you concentrate and go deep in any one method, you will make a sizeable income from your blog. Just get started.
[avatar user=”mike” size=”thumbnail” align=”” link=”file”]Mike Gaudreau is the owner of The Wealthy Boomers, a site devoted to helping seniors make money online. Mike resides in Montreal Canada.[/avatar]
You should assume the owner of this website has an affiliate relationship and/or another material connection, to any suppliers of goods and services that may be discussed here and may be compensated for showing advertisements or recommending products or services, or linking to the supplier’s website.