If you are into blogging, you would have definitely come across thoughts on how to monetize your blog and make some quick bucks out of it. Making money out of blogs and websites is also one of the widely discussed topics among professional bloggers and digital marketers in this century. Whether it is a personal blog or a professional product-review site, people are always looking for (new?) ways to monetize their content.
If you really have a very good blog with quality content for your readers and it can provide value, then, it can definitely be monetized. But before you jump on the bandwagon, remember that your blog is going to be your business from now on. From just a few dollars to more than you can even imagine, you can easily make a decent living out of your blog’s income.
Now, here are various monetization methods you can use to convert your blog’s traffic into a steady source of income.
1. Affiliate Marketing
Affiliate marketing is when you do not sell any products directly but instead promote other products or services and earn a commission for each sale you generate. It is one of the most popular and highly successful methods for monetizing a blog. Usually, you are given a unique URL or a set of links to promote the products on your blog and when someone clicks through the link and makes a purchase of the recommended product or service, you are paid a commission (a percentage of the sale made).
For example, if you are a fashion blogger, you can easily promote high-end fashion clothing & accessories, cosmetics, perfumes, etc. on your blog. And since people are already interested in your content, there are more chances for them to use your affiliate links to make a purchase of the products you are promoting.
Skimlinks, VigLink, ShareASale, CJ Affiliate, Rakuten LinkShare, ClickBank, Amazon Associates and eBay Partner Network are some of the most popular affiliate marketplaces. For the best results and conversions, try to promote only the products which you have used or tested.
On most of the popular news and magazine sites, you would have definitely noticed advertisements being displayed on the site’s header, sidebar or in-between the content whether you like it or not. This is one of the oldest forms of advertising which is still popular today. There are different types of advertisements such as display ads, banner ads, frame ads, pop-ups & pop-unders, etc. Some advertisements pay you based on the number of clicks it receives (CPC) whereas others such as CPM pays you based on the number of impressions it receives.
3. Sell Content & Services
You can sell digital content such as downloadable ebooks or guides, posters, online courses, art pieces, recipes, music, videos, etc. or you can also offer services depending upon your interests and expertise. For example, I offer services such as creating and setting up a complete website on my blog. You can check it out over here. Like that, you can also set up a custom ‘services’ page on your blog so that your readers can hire you to get things done.
This is easily one of the easiest way of generating a passive income from your blog as you needn’t create new content each time a purchase is made.
4. Accept Donations
If your content is really valued much by your readers, you can ask them to donate you a small amount of money to make you keep going and continue the good work. As a blogger who spends some time researching products & services and writing reviews, I don’t feel shy by asking people to buy me a cup of coffee. You won’t know how much your content is valued until you really ask for a donation. Sometimes you may even get a huge donation if there’s luck on your side and people find your content really useful.
There are many sites out there which purely rely on donations from readers for their survival online. These donations are usually used to pay for the hosting and domain renewal costs and for upgrading the hardware & software of the content creators (the bloggers), etc. Try to get rid off advertisements on your site before you are going to ask for donations. This is because you can explain to your readers that you solely rely on their donations to run your site.
Thus I hope that you found this article helpful in getting to know about the easiest methods you can implement to monetize your blog traffic and make money online. If you liked this post, I’m sure you’ll also love reading my post on how to growth hack and drive traffic like a pro to your blog or website.