Blogging has been around for about two decades now, and there are thousands of blogs on the internet. A blog is an online business, but there are very few blogs that actually make money.
If you have a blog, you know just how difficult making money through blogging can be though it is easier now than it previously was. If you can offer enough people value or entertainment on your blog, you can make money.
The following are seven effective strategies for you to make money through blogging:
Advertising
Selling advertising space is something that most bloggers avoid so that they don’t seem too commercial. The truth is if you want to make money through blogging, advertising is one of the best ways to do it.
Advertising is one of the oldest ways to make money on your blog, and there are more advertising options for bloggers than ever before. You need to have many visitors (millions of page views) for the large advertising networks to notice you. However, even with a small blog, advertising channels like Google AdSense and Blog Ads can make you some money.
Affiliate Marketing Programs
Affiliate marketing is one of the best ways to create a passive income stream through your blog. Affiliate marketing refers to when a company pays you a commission for selling its products via your blog. You get paid when someone visits a company’s website by clicking on an ad on your blog. There are affiliate programs that pay per click; others pay per lead, and others per sale. Some of the most prominent affiliate programs you can join include Amazon, LinkShare, and ClickBank. Joining an affiliate network is one of the most profitable things you can do with a blog.
Company Sponsorship
Many businesses are recognizing the impact popular blogs have and their potential market reach. Such companies are sponsoring these blogs in a wide variety of sponsorship deals.
It would be best if you had an established blog for you to make money through corporate sponsorship. As had been noted at Fat Stacks Blog, a company can sponsor a blog to focus on the company’s products. It is a fantastic way to make passive income from the blog. What you have to do is say that a particular company sponsors content on your site. However, there are rules and policies to meet to get company sponsorship.
Courses and Workshops
One of the most profitable ways to make money through blogging is to create courses to sell and host workshops. There are blogs making millions of dollars per year by doing this. You will create a course based on your expertise or skill and ask your followers to enroll in them. The same goes for online workshops in which you can host hundreds of people. Courses and workshops offer audiences plenty of value, and hence they cost more which means more money for a blog.
Books and E-Books
If you are going to sell your writing on a blog, the best way to do it is to package it as a book. Since you are already writing as a blogger, writing books is only a step further and a profitable way to make money. Some writers have transformed their blogging success into selling books with equal success. You will especially make a lot of money if you self-publish your book since you get all the profit.
Speaking Gigs
If you are a good speaker as you are a writer, you can make money by answering invitations to speak at particular events. You need to first become an authority in your field by your blog amassing a serious and loyal following.
Speaking gigs for bloggers is a very profitable way to make money, as some charge as much as ten thousand dollars for a single session. If you can sell some products such as books, the income can be more than a hundred thousand dollars, which is outstanding pay for a day’s work.
Consulting or Coaching
Most bloggers are not very social people, but you can make a tremendous amount of money consulting or coaching. If you are a knowledgeable writer with incredible expertise in a subject, people and organizations will need your services. The best part about it is that you offer your services online and only meet people if you want. Some bloggers charge up to a thousand dollars for an hour of coaching or consulting.
There are many ways to make money through blogging, and your imagination only limits you. The seven ways above are the most effective ways of making money through blogging. However, you should feel free to find ways that suit you and your blog specifically.
