Top Methods for Generating Income from a Blog
We first asked you the question of whether you want to make money through ad campaigns or creating your own web site. Then we covered the differences between creating a web site or a blog, and how you can start making money with different types of web sites. Now it’s time to focus on the best ways you can start monetizing a blog of your own.
As mentioned in our previous posts, creating a WordPress driven blog is one of the easiest and cheapest ways to get started. You can register your own domain name for $9 a year, then setup cheap hosting for less than $10 a month. Once setup, you just need to focus on adding quality content and creating a clear focus and montization plan for your site.
That is where this blog post comes in. We are going to highlight and focus on ten different ways you can create a blog and start monetizing the site from the beginning through the growth of your site to authority status. Not all monetization methods will work for all sites, and some will need to be applied at later times when you are more established and have steady traffic and readers flowing through your site.
Direct Ad Sales
One of the easiest and most effective ways to make money with a blog is by selling direct advertising on your site. This is usually done with 125×125 or 300×250 banner sizes sold in your side bar or within your content. You can see this advertising space directly or outsource the process through other services like BuySellAds.com.
Building a Mailing List
A blog is an excellent way to build a brand and share information, but it’s also excellent for building a mailing list as well. Many blog themes will come with a mailing list form in the side bar area. It is also recommended to setup a popup or lightbox subscribe form when people visit your site, so they sign up for your mailing list and are not just another person who visits and never returns to your site site.
Creating a Bonus / Giveaway
Sticking with mailing list monetization, having a free ebook or bonus giveaway for your readers is an excellent way to increase conversions. Most people will not join your newsletter without a good reason. Give them someone in return and watch your conversions soar!
Affiliate / Referral Marketing
No matter what your blog is about, there is a good chance that there are products and services that you could be talking about and earning a commission on every time someone buys or signs up through your site. Make sure to provide quality content along with an affiliate link within your content to the product or site you are talking about, and you can see some nice residual income from all of the posts you write over the years.
Create a Premium Forum or Membership
Should you build up a blog that has a ton of content and a hardcore readership, you may want to think about creating a premium section or forum for your blog. In this area you can offer paying members premium content, downloads, support, software and more. Take a look at your blog and see what you can offer to your readers that they might actually pay a premium for.
Guest Blog Posting
There are two ways to benefit from guest blogging. If you accept guest blogs on your site, then you won’t need to come up with that content for the day. If you are guest posting on other sites, then you are bringing in new traffic and links to your site. Make sure you take advantage of both sides of guest blogging.
One of the easiest ways to monetize the content on your blog is through the use of Google Adsense. It isn’t known as one of the most profitable methods, but if you have a hard time selling out your own advertising or ad space, Google Adsense might be right for you and your blog.
Flipping Blogs for Profit
The idea of starting new blogs and building them up to a decent size might seem like a fun idea, but then you might get bored with them. If this is the case you can always go for a quick flip and try to sell your blogs as they start to mature. Thousands of blogs are sold every month through sites like Flippa.com.
Paid Review Posts
An excellent way to get a lot money up front from your blog is through paid reviews and sponsored posts. Depending on the niche of your site, you may be able to write reviews about other services and web sites. If you can’t find any advertisers to write about, networks like SocialSpark have a marketplace where you can pick and choose what you would like to write about, then get paid for it.
Blogging is all about content and branding. Should you create a blog for yourself and your business, it’s a great idea to start offering consulting and paid services. This can be anything from mentor tutoring, selling design and hosting services or just creating an guide or product and selling it through your site. When you sell your own products and services you are opening up yourself to earn a lot more money than with outside affiliate programs.
There you have it… ten easy ways to start monetizing your own blog and site traffic. The best way to make money with a blog is to build it into an authority brand that people know and trust. This takes a lot of time and effort, but in the long run it’s the best formula for finding long term success online.
This post was written by Zac Johnson
To learn more about how to maximize revenue potential and build a successful blog, please visit my affiliate marketing blog at ZacJohnson.com or follow me on Twitter @moneyreign.