8 Ways to Monetize Your Blog Effectively – HakiReview
A lot of people assume that making money blogging is a myth. But the truth is, it’s possible given that you’re passionate about what you do and know the right monetization strategies. Unless you expose yourself to tried and true techniques, generating income online will remain to be difficult.
If you’re here because you’ve already started a blog and want to change your financial future, this article will show you important methods to turn your visitors and prospects into paying customers.
Let’s get into it, shall we?
How to Make Money Blogging (8 Fail-Proof Ways)
Note that the following tips below are not “get rich quick” schemes. They’re legit and again, require dedication on your part.
1. Promote affiliate products.
A popular strategy that successful bloggers swear by, affiliate marketing is accomplished by promoting the products and services of other brands. You basically earn a commission each time a customer buys through your link or performs a desired action.
It’s one of the simplest ways to make money since you don’t have to spend so much time creating new products yourself. However, remember that for you to make a sale, you need to give value through the content you write.
2. Write and sell an e-book
Do you love writing? With the convenience of the internet, more people are now turning to e-books instead of the printed versions. This presents an opportunity for content writers to become authors without having to rely on an editor and publisher.
Take a look at Amazon Kindle’s wide selection of e-books. Most of these e-books were published through their KDP (Kindle Direct Publishing) service. This service allows you to handle the publishing process yourself and control your rights and prices.
3. Start a paid online course.
Since you’re already providing free tips and advice to your blog readers, why not build a paid course conducted over a couple of weeks? Instead of giving out the same stuff, offer something new and more advanced that’ll make your audience feel more empowered.
Before creating your course, make sure to survey them. This will help you understand their needs and interests, at the same time guide you in coming up with a course that they’re willing to spend their hard-earned money on.
4. Offer one-on-one consultation.
Some people are badly in need of your help. They see you as an expert, the go-to resource in your industry. One way to monetize your expertise and at the same time build a stronger relationship with them is to offer personalized consultation services.
After all, it’s much easier and convenient to make money from an area that you’re already passionate about. I know many kick-ass bloggers who are hesitant to get personal with their audience for fear of rejection but believe me, all it takes is some practice and a bit more marketing on your part.
5. Leverage email marketing.
Bloggers who’ve been in the industry for years are aware of the potential of email marketing to generate massive income. The problem is, they don’t know where to start and lack the right strategies to engage their email subscribers. It’s either they’re too “salesy” or again, are drowned in fear of rejection.
Since I started blogging, I realized that looking after my mailing list is one of the best investments I can make. Why? Because my mailing list can be “mine” forever. My subscribers can be my friends, not just regular customers that come and go.
6. Sell advertising space on your blog.
Michael Hyatt swears by selling advertising as a way to earn income blogging. It all started in 2008 when a friend introduced the concept to him. To cut the story short, Hyatt took the opportunity and started earning an average of $3,500 to $5,000 a month.
Before you start thinking that selling ad space is “best” for you, consider your traffic. How many visitors (especially repeat visitors) are you getting every month? For Hyatt, he had an average of 20,000. Also, make sure that the advertisers you connect with are relevant to your niche so you get more targeted customers.
7. Make your blog your online portfolio.
Believe me, even if your blog is still new and you lack entrepreneurial skills, you can make at least $2000 a month. How? By blogging for others who need your writing talent. Do you have a niche that you’re really good at? Focus on writing blog posts about that niche.
Each time you apply as a writer on agencies and outsourcing websites like Fiverr, for sure potential clients will ask for samples. Take the opportunity to showcase your published blog posts. If you get the chance, try guest posting or syndicating content on other blogs within your niche. This increases your credibility as a writer.
8. Write sponsored blog posts.
Sponsored posts refer to blog posts that brands want you to create. At the same time, they’ll be paying you to do it. This monetization strategy is beneficial for brands who wish to amplify their reach and acquire more customers by getting published on top performing blogs.
Is your blog doing well? Are you getting massive engagement? If your answer is YES, then you’re in a good position to reach out to growing brands to write sponsored content. For you to be able to effectively pitch your campaign, take the time to learn about a brand. Be creative and enthusiastic in your email.
These are just some of the strategies to grow a successful and profitable blog. I hope that you have benefited from the ideas in this post and that you can try a method or two as soon as possible. Thank you for reading and I wish you luck. 🙂