There is a significant difference between blogging as a hobby, blogging to earn some little extra money, and blogging professionally, in order to attain a 6-figure income. The three categories of bloggers will aim at achieving different goals, but will sure employ some techniques to get money from their efforts. It is important to note that there are numerous methods out there that you can use to monetize your blog irrespective of whether it is new or not. The best thing is to choose a method that will work for you at any given time. Overall, blogs are not business but means to set up a business model that works for you.
The following are some methods that you can use for monetizing your blog:
Informational products
This is a great way to monetize your blog without necessarily breaking your bank account. What you need to do here is create some great products that can offer value to your readers. Remember, readers are always looking for value and it is a top-priority for bloggers who want to generate consistent income. These might be books, e-courses, or just anything in this line. Of course, this method needs traffic and some kind of marketing for you to enjoy long term benefits.
Coaching services
There is nothing better than offering coaching services if you are an expert in a certain field. Your blog should be used as an advertisement platform, and the fact that you have readers then you can get some who will enroll. Of course, using metrics, questionnaires, and other methods to determine what your audience wants is paramount. Also, see to it that you are trying to connect with others in the same industry. This is something that will boost your chances of getting many clients, visitors, and also improve your ranking.
Tangible products
If you are a business person and want to take your business to the next level, blogs should always be your number one choice. As a matter of fact, you will be able to explain a number of things that are relevant on your business to the visitors of your site. If you are convincing enough, then definitely they will buy from you. What you need to do is draft a sales letter for the products you are selling, and also showcase how important and helpful they are to consumers. You are also advised to not overdo it as visitors might click away as soon as they visit your site.
Affiliate programs
There is literally thousands of affiliate programs around that can help you earn tons of money, fast. It doesn’t matter what niche you are in, there are always quite a number of affiliate programs that you can enroll. Nevertheless, these programs will not accept unprofessional blogs that are not well-designed, have irrelevant content, or anything in this line. Therefore, as a blogger, you must ensure that you get everything right. You want to make money blogging? Think about doing things professionally.
Banner advertisement
If you have a blog and want to get some money consistently for a long time, banner advertisement is a wise choice. However, you will need to do some work here in regard to driving traffic to your site. In order for this method to be quite viable, it needs lots of relevant traffic. And so, make it a point that your traffic does not wobble for you to enjoy the benefits that comes with high traffic. However, if you want to offer value to your readers, this is not the best techniques to apply.
Paid posts
This is one of the most relevant techniques that can help you break even in any niche, increase your revenues, and at the same time, help you cover blog costs without flinching. In this case, you are paid to review products and these can be tech products, home products, baby products, or just any items that falls within your niche. If your blog gets high traffic, then the probability of you making some good money is always high. It is vital for you to know that like any technique known to online marketers, your blog should be professionally designed too.
Sell skills
There is nothing important as selling skills as a blogger who wants to kill two birds with one stone. If you have been thinking of blogging, then it is likely that you have some skills that you can sell to your visitors. This might be web designing, marketing, or just anything that can be a relevant service for your audience.
The above-mentioned techniques can be used on both new and old blogs, and combining two of the methods is always a plus. In as much as blogs are great, the versatility of your blog solely depends on how serious you take it as a business.