7 Ways to Monetize Your Blogs
Out of the many ways that you can monetize your blog, these 7 ways can help you earn a healthy and passive income in return for your efforts in developing enticing and relevant blogs.
This is one of the best ways to earn yourself a stream of passive income and is one of the most popular ways to monetize your blog. The key is to create content that will ultimately be in harmony with the products/services of the affiliated brands, that you desire to push through your blogs.
For example, if you run a sports blog, it is easy for you to sell affiliated sports products/services. This is mainly because you are developing content based on the sport, which grabs the attention of the people interested in the sport. It is easy to a football jersey to someone, who is passionate about football.
This can earn you a solid almost-auto generating passive income from your blog.
It is possible to add some pay-per-click (PPC) advertisements on your blog. While many are under the impression that it will make lots of money. It may not be the case unless your blog has massive web traffic (and by massive, we mean 10,000+ visitors per day) and would still only generate a marginal income from it.
Whereas, you can make more money by displaying advertisements on the blog, which are shown to a specific niche or industry (the audience of the blog). This is a direct reach to the interested individuals; because if someone is not interested in it, there is no way they will read about it!
This is a point you can leverage brands to negotiate an amount, which would be much more competitive than the income generated from adding PPC ads on your blog.
Email marketing is one of the most powerful methods to monetize your blog. However, to be effective in email marketing, you need a mailing list. So, first, you need to promote your blog and create a lead magnet to obtain the email address, which can be facilitated by platforms such as ConvertKit, Aweber, InfusionSoft.
Building a strong bond and connection with your audience can allow you to effectively market your products, or affiliate products directly through email. It was found that there are nearly 4 billion active users worldwide, with an average of 306.4 billion emails are sent per day in 2020, and is expected to rise to 347.3 billion in 2023 (Techjury, 2020)
You can expect to generate an income of approx. $1 per subscriber for a month. Imagine you have a mailing list of 200,000 potential customers. You can earn a whopping amount of approx. $200,000 per month.
Sell eBooks and Courses
Selling eBooks and courses through your blog, are an easy way to make some money. All you have to do is develop an eBook which is aligned with the content of your blog (it’s relatively easier to develop a non-fiction eBook); and if you are teaching a skill or course (i.e. digital marketing, graphic designing, etc.) you can develop an eBook or a course, and promote it through your blog by creating attractive and enticing content, which interests a reader to purchase them.
This is a great way to create a stream of passive income.
Sell Digital Products
Digital products refer to a combination of videos, downloadable guides, resources, PDFs, software components, SaaS, and other digital products. These products do not have a physical form and thus can be simply sent and accessed digitally, to anyone around the world. Here’s the catch, your blogs reach audiences worldwide, therefore selling digital products is an effective way to create yourself a stream of passive income.
You can create content based on your digital products, which could be focused on educating the audience of the product and enticing them to purchase it. It is important to create something which helps to meet a need to gap in the market, and you will be surprised at how much money you will be making through selling digital products on your blog.
Sell coaching services
We all need someone to teach us something that we may not be essentially good at. This is a need that coaching services have exploited, and it is your chance to exploit a larger audience. Regardless of whether you portray yourself as a life coach, career coach, or business development coach, you can still earn a substantial amount of money with just a few clients.