Isn’t making money through blogging a grand idea? Who does not need money? Or who don’t want to make money doing what they love?
Starting a blog is definitely a good idea, especially now that we are deep into internet usage. Everyone goes to the internet to scour for information.
As a writer/ blogger aside from being able to explore and share your interests with other people, it is also an excellent means to generate income by giving viewers what they are searching for.
Making money through blogging – whether it’s a hobby or a business is possible. It’s not a get rich quick scheme, but if you work hard and do it right, you could make enough to support your family and more.
Let’s dive in and see how you can make blogging a successful business.
How Do You Make Money By Blogging
To be successful with blogging you have to know the right way to do it. When I say the right way, you have to know that blogging with intention and one that would generate an income requires a systematic process.
A process in which will only be successful if your first intention in creating your content is to help people. Helping people through your content could only be achieved if it’s done insightfully and was researched well.
Each blogger has a different combination of monetizing their sites. Knowing those different types of income streams is helpful and can spark ideas, but if you try to jump into monetizing your blog before you’ve really built it, you run the risk of damaging the reputation you so desperately need.
So How Do You Monetize Your Blogs
Start Creating Valuable Content
Without a valuable content visitor will find no use in visiting your website and will not waste their time reading your blogs, so once you’ve set your website up you need to focus your attention upon creating high-quality content that will convert.
The key to creating content is to make it packed with information that your viewers are going to learn from.
Focus on creating content that changes people’s lives. Which in some way, people will value the most and eventually you will gain a good relationship with.
Build Trust With Your Audience And Engage With Them
As you consistently focus upon creating great content and targeting readers for your blog you’ll begin to notice people visiting your blog and engaging with your content.
At this point, you need to switch your focus to engaging with those readers and building a relationship.
By building trust and engaging with your viewers you are starting to create a relationship with them which in turn will make your traffic and conversion higher as you will find that your viewers will spread the word about your blog for you which will make your blog widely read.
Having an engaged reader is also much easier to make money from.
Start Making Money From The Readership Through One Or More Of A Variety Of Income Streams
The first two steps of creating valuable content and building trust and engagement with those readers are important foundations that you really do need to get in place before you’ll be able to build long term income for your blog.
Yes, it is true, that what we’ve covered is a lot of work but if you do it well you’ll be setting yourself up in a good direction and will give yourself every opportunity of being able to make money from your blog.
With these foundations in place, you’re now ready to start attempting to make money from your blog but you do need to be aware that not just because you have set up your blog, have content and have engaged readers that the money will just flow automatically and continuously.
It takes consistent work and experimentation to make money from your blog.
The following are the lists of income streams you can try to make money through blogging:
Begin Displaying Ads
This is where many bloggers started. This model of making money from blogs is not different from how a magazine or newspaper sells ads. As your traffic and brand grow you’ll find advertisers will be willing to pay to get exposure to your audiences.
While you need decent traffic to do a direct deal with advertisers, there are ad networks like Google AdSense that act as a middleman that allows smaller publishers to run ads on their blogs if they want to pursue display ads because it is so easy to set up.
This is where many bloggers start (I did too).
This is where a banner or links are used to direct your readers to their direct sites to purchase or avail of products or services that your blogs or website led them to in which you will generate commissions based on the agreement.
Typically, they are positioned on your site in the sidebar, header, footer or within your content. They are also known as banner ads.
Advertisers hope that your visitor will then click on those images to explore and purchase the products or services they offer.
Join An Affiliate Program
Affiliate promotions are the most common type of income that some bloggers have.
To simply put it, an affiliate link is when you attach a link to a product that is for sale on another site take Amazon for example and if someone follows your link and ends up buying that product you earn a commission on that sale.
There’s more to it than that but this is another great place to start with monetizing your blog as affiliate programs are easy to sign up for and if you have an engaged audience you will find that they will follow your recommendations on a certain product.
Another growing category of income that is getting more and more popular is when bloggers experiment on recurring income streams which also called continuity programs or membership programs.
This is where readers pay a regular recurring fee usually on a monthly or yearly basis for joining a platform to have access to either premium content, a community platform, some kind of service, tools, coaching or combination of all these things.
Promoting a Business
Many brick and mortar businesses and online businesses also indirectly making money from their blogs by using their valuable content to grow their profile and direct readers to their business.
Through content creation on their websites, traffic will increase, which viewers, in turn, will be encouraged to look at their products that will eventually be converted into sales.
Many bloggers make money by offering services to their readers. These can be from coaching and consulting, to writing or copywriting, to design training, website developing or other freelance services.
Some bloggers source of income is through selling eBooks and courses on their blogs. These ‘virtual products’ takes a lot of work to create but have been lucrative for many bloggers.
The other type of products some bloggers sell is physical products. This is most common when the blogger has a business in which bloggers will have some merchandise produced for them to sell like T-shirts, mugs, etc.
Food For Thoughts
You can see there are a lot of ways to make money through blogging.
Most full time bloggers make money more than one way and end up with multiple income streams.
Diversifying your income by following those different ways to monetize your blogs is smart and helps you spread the risk from having all your eggs in one basket but it also speeds up the journey to going full time.
Do you have other ideas that I should know, please share them. If you have any suggestions, questions and comments please comment down below. If you like this post, please share it.