Welcome To Day 4!
This is the most important lesson that you’ve most likely been waiting for ! Monetizing your blog. There are many reasons for you to monetize your blog the most obvious is to make money the least obvious is to start a successful business that allows you to create the time freedom you’ve always wished for! Today I’ll be discussing 8 simple ways that you can use to start making your first dollar online.
I created a simple tutorial for you to follow that will help you start your own blog for cheap, starting at only $3.95 per month (this is exclusively through my link) for blog hosting. In addition to this very low pricing, you will receive a free website domain ( $15 value) through my Bluehost link if you purchase, at least, 12 months of blog hosting.
Premium Tip: My most valued tip to making money blogging is to be self-hosted (instead of on a free blogging platform). This is the best way to monetize your blog as it allows you to be more professional which can help quite a bit.
8 Simple Ways to Monetize Your Blog
Many of you are wondering where does the actual income come from. I decided to compile a small list to give you an idea of the many sources of where the income can actually come from.
Affiliate marketing has been around for a while, it is a good way to start making money. This essentially involves taking someone else’s product and promoting it for them and receiving a small commission for your efforts. It is generally paid when a customer makes a purchase for a product or signs up to the company. Commissions can vary from a few dollars to hundreds of dollars, but generally speaking the commissions that pay the most require decent effort in order to get the sale.
Placing ads on your website is another good way to start earning money, generally people start with Google Adsense and plaster banners, popups and click through links all over their website. I recommend not being so obtrusive with ads as it can make for a poor user experience. When your blog has just started you need to focus on producing content and building a name without creating a negative experience for the user. There are other ad networks out there that pay premium rates for displaying their ads but I won’t get into that here as it requires a high monthly page views. Once you have a good enough following and the traffic has really ramped up, consider displaying ads by companies they will generally pay higher to advertise knowing that their ads are being displayed to quality traffic.
An ebook is an electronic book that contains information about your topic. If you are an expert in a particular area, consider writing an ebook product and advertising this to your audience. There are quite a few people making tens of thousands of dollars per month from ebooks alone.
Staff Writing/Guess Posting
The writing style and grammar of your blog is important in securing a staff writing gig. Generally speaking staff writers get about $25 per article but can expect more the more experienced they are. If your copy on your blog is excellent and you are a copy writer by trade, I would expect that your earnings per article would be considerably more.
Don’t want to make an ebook ? Why not create a video course that takes advantage of your specialized skills. I had a friend that recently made an video course on high school algebra, it was a very simple course that wasn’t marketed. He ended up making about $1500 for his efforts, not bad just for sharing his knowledge with others.
If you are not the ebook or course making type why not offer your skills as a service to others. This can be preparing documents, writing articles or even lending a hand to fellow blogger with some technical jazz who just got started. You can offer just about anything as a service as long as there is a demand for it.
This is probably the most effective way to guarantee a monthly revenue. For this you have to offer some sort of service or exclusive group that gets premium advice or products from you or a monthly subscription to all your exclusive content and ebooks, video courses, webinars, podcasts, strategy masterminds or what ever you have in mind. Subscription based income is an effective way to predict future income and allows you to build a passive income online.
Create Smaller Products
If you think writing one big ebook or preparing a long video course is too much. Then why not break the content into smaller products, with smaller price tiers. By doing that you open your content to your audience who may only be interested in specific segments of your main product.
These are just some of the ideas to making money with your blog and there are plenty more.
Tomorrow you will receive a lesson on passive income. Stay Tuned.
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