Looking for ways to monetise your blog? You are in the right place. Blogging has opened a lot of opportunities for people to make money online. These opportunities are dependent on the types of blog, targeted audience, tone, and style of your writing. However, having a monetization plan is an essential step for bloggers and website owners to earn a living through blogging. There are a couple of commonly used monetization tactics that you can use to earn a living blogging. This post explains seven effective ways you can make money through blogging.
1. Affiliate Marketing
This monetization tactics involve blogger promoting other people’s products through affiliate links in exchange for a commission. This is done through recommendations and products mentioned in a blog post and linking back to a third-party website. If you decide to use affiliate marketing as a monetization tactic, be sure to promote only products your audience will be interested in and high-quality products.
2. Sponsored Post
There are so many opportunities when it comes to sponsored posts. To implement this strategy, you will create blog posts intended to promote a particular product, business, or service in return for an agreed commission, the contents may be created by you or the business owner. This is very popular among travel bloggers.
3. Ad-Sense:
The idea with this blog monetization is to include ad spaces on your blog where Google ads will display so that when a user visits your website and click on such ads, you will be paid.
4. Banners
This strategy involves offering a banner space for sale on your blog. In this case, business owners and companies who are interested in placing ads on your website will contact you in exchange for payment. This is similar to ad-sense but different in the sense that ad-sense offer dynamic ads which change constantly.
4. Prepare a Business Plan
Once you have decided to start an Internet business, Preparing a business plan should be your priority. Your business is more likely to succeed if you start with a business plan. There should be a short-term and a long-term plan. What is your goal? How do you propose to achieve it? The product you wish to sell or promote, the funding strategy, the tax benefits, and the support system you have, should all be planned out.
5. E-mail Marketing
This strategy is known to have the highest return on investment (ROI). You will need to create an incentive that is relevant to your business and use it to generate leads. You then lead-nurture and convert them to buyers. This is a blogging monetization strategy because your lead will be generated through your blog.
6. Products Creation
You may think that finding the best strategy to monetize your blog is difficult, think again. One of the best strategies to monetize a blog is product creation and marketing. Information products such as e-books, online courses, and software are great ways to make money online. There are thousands of people making fortune through this info product marketing.
7. Subscriptions
A viable but overlooked way to make money online is through a membership site. When you provide valueable in the information you provide, some will be willing to pay a monthly fee to access exclusive content, making subscriptions a great way to monetize a blog. Starting and running a membership business is a matter of learning the skill and implementing it. To use this approach, simply look for a traditional membership site that can go extra mile to seek for success in terms of coaching, content and availability of business success tools.
Having a monetization plan is an essential step for bloggers and digital marketers to earn a living through blogging. Your monetization strategy includes affiliate marketing, sponsored posts, ad-sense, banners, e-mail market, and sales of digital products. Test different strategies to check which tactics work best for you and master them before implementing another strategy.
How do you monetize your bog? I would love to hear from you.