How To Monetize A Blog (5 ways you can do it)

How To Monetize A Blog (5 ways to do it)
How To Monetize A Blog (5 ways to do it)

Starting to monetize your blog today has never been easier. Until a few years ago, creating a website was not for everyone. This was only possible for companies that had the financial strength to hire specialized web development agencies.

Don't think monetizing a blog or website was as difficult as developing it. Payment gateways were few, so much so that PayPal was barely known; and don't forget email marketing.

But look, today you can even create your own blog or website; with a few dollars and the ways to make money are already many. That's why in today's article I'll tell you 5 ways I've personally tried to monetize a blog.

What should I take into account?

Perhaps the first questions that come to mind are: Can I make money from a blog? Will I be able to live off my blog? The quick answer is yes. But there are some aspects to consider before you decide to start your blog.

For example, did you create your blog for Hobby or is it a project that you really want to make profitable in the future? Do you write on your blog for fun or do you want to earn a living? And finally, you need to know if you are in a profitable niche

These are some of the aspects that you should consider before thinking about monetizing or making money with an online project:

Define if it is a personal or professional blog.
  • I want to live off it or just earn extra money.
  • I will provide services or share opinions.
Once you are clear about the above points, then you will have a better overview of whether or not you can make your blog profitable.

What is the monetization of a blog?

To talk about monetizing a blog, you must first be clear about what it is; Well, monetization is the form or method used to generate income with a digital medium, in this case we refer to a blog.

In short, it is the way you make money with your blog, for example by offering a product or service.

Advantages and disadvantages of making money with a blog.

I will be transparent because I don't want you to have false illusions. As I said before, whether it is possible to monetize a blog and even make it a permanent source of income, depends on multiple factors, but mostly how committed you are.

Now, you will always find someone on the internet who tells you: "Look, I live off a blog, have traveled all over the world and you can too if you buy my course". What I don't say is wrong; but they don't tell you the pros and cons of it. And that's why I wanted to add this point in the article.

Advantages of monetizing a blog.

These are some of the advantages of making money with a blog:

Recurring income: You have the possibility to set income that comes to you month after month.

Scalable: Your blog can go from being a source of extra income to becoming the main source of your income. Even for your company.

Time availability: When a blog achieves sustainable profitability, you will be able to enjoy what we have all dreamed of; owning our time without worrying about missing income.

Labor freedom: Becoming your own boss is another advantage of making money with a blog.

These are just some of the benefits when you generate income with a blog, and perhaps they are the main ones. Well, now I will tell you what I consider to be the disadvantages when you want to make a living from a blog.

Disadvantages of having a blog

Greater input work: In order to have a profitable blog at the beginning you have to put in many hours of work; Do not think that you only create a few posts and wait for the money to arrive, it actually requires working on a content strategy, and spending time creating valuable content for your readers.

Little money at the beginning: As I already mentioned, living from an online project is not something that happens overnight. It requires perseverance, patience and a lot of work for the income to be considerable. So in the beginning you will see little or no income, this might feel demotivating, but that is how most bloggers started, small, and slowly scaling.

Planning: If you are like me who at the beginning expected everything to come about by magic, organizing yourself may seem like a disadvantage. But do not worry that as you advance you will plan your work.

These were the three disadvantages that I have found in this world of blogging, but nonetheless still worth going into.

After what I've mentioned, let's move on to what's really important.

How can I monetize a blog?

Today there are countless ways to monetize a blog, and more are added every day; but since I don't want to make the story any longer and my intention is to simplify things for you. That's why I'm going to tell you 5 of the best ways to monetize your blog.

1. Advertising

It is one of the most used ways that you can get money from minute one; especially if it is CPC advertising or direct advertisers. It is an easy way to implement, you just have to learn to design and place banners; And the best requires little investment of time, in addition to being able to earn passive income.

Some of the platforms for publishers are as follows:
  • Google Adsense
  • Taboola
  • MGID


2. Monetize your blog with affiliate marketing

Affiliate marketing used by the most in the world of blogging; because you don't need to create a product or service. You can even earn high commissions for the sale of the products or services that you promote, this would be the way you make money with a blog.

There are many affiliate markets, here are some:
  • CJ Affiliate
  • Hotmart
  • TradeDoubler
  • Amazon Affiliates

3. Services

You know and deal with a specific subject; You already have specific services to offer, but want to expand. Offering your services through your blog is one of the ways to generate revenue. The beauty of implementing this method is that you can earn a lot of money; Well, you're the one setting the prices and you get 100 percent.

You create a promotion strategy for your blog, you deliver valuable content to your community, and customers will come in. If you don't know what services you can offer yet, I'll tell you a few; to give you an idea of the services requested:
  • Consulting or Mentoring
  • Digital marketing
  • Web design or development
  • Graphic design.


4. Sale of infoproducts (Digital Products)

You have a lot to share with others, and thereby solve a problem; the sale of infoproducts is growing every day. This is one of the ways to earn money with your knowledge. The difficult thing at the beginning may be the production of your digital product.

The good thing is that once you make one, you can sell it over and over again, or however many times you sell it, you can keep making money.

Infoproducts are highly scalable, if you invest more time and money in advertising, more money will come to you. If you don't know what kind of infoproducts to offer, here are some ideas you can start with:
  • Ebooks
  • Audiobooks
  • Video Classes
  • Online training.


5. Memberships

This is one of the ways I like most when it comes to monetizing a blog because you can turn it into a membership site where you can restrict valuable content to a community that is willing to pay for that content.

One of the great advantages of this model is the recurring income; In other words, you make money month after month for the content you already have and for the content you publish. Build a great marketing strategy and spend your time creating content.

What is the best way to monetize a blog?

This is a question that can run through your mind in the early months of your blog's life, but honestly there is neither the worst nor the best way to make money as a blogger; It just depends on which one works best for you. Here you have to fall and get up.

There are bloggers who have made a lot of money advertising Google Adsense, others may tell you otherwise. There are bloggers who charge thousands of dollars per month through affiliate marketing.

You can even use more than one of these ways, for example if you have a membership blog, you can recommend products or services to your community that will earn you a commission. The most important thing is to diversify your sources of income.

As always, I hope it helped you a lot and thank you for coming to the end of the article. Don't forget to share it on your networks and if you have any questions, I'll be waiting for you in the comments.



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About the author:


Hello, my name is Ron Hoekstra and I am the founder of The Liberty OnDemand. I hope you like my content, and if you want to know more about me, please read more here or subscribe to my newsletter where I will keep you up to date with new posts and other useful content.


Thank you!

Ron.


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