Ever wondered how people make money blogging?
As you may have noticed, I tend to talk about blogging a lot. Blogging is one of my passions, second only to money (duh, since this is a blog about money).
I believe blogging will one day
make me rich surpass my teacher’s salary and create financial freedom for me.
A blog can be a financially successful because I’ve seen many bloggers turn their hobbies into a full-time endeavor.
Ways to Make Money Blogging
The easiest way to make money online is through display advertising, such as Google Adsense.
You are paid based on impressions (how many people see the ad) or clicks (when someone actually clicks on an ad). The amount you earn and is usually based on 1,000 impressions.
Slapping ads on your site is easy to do and will help you to monetize your blog immediately, however it takes a lot of views for you to make a significant amount.
For example, if one ad is displayed at a rate of $1.00 per 1,000 impressions (or cpm), you will need to have 10,000 views on your blog to make $10. You will need to work on building up your viewership, which may take months (or years) to make it worthwhile.
I try not to use this type of advertising as much, simply because a lot of people become blind to them.
Google Adsense is the biggest and well-known network, but there are others such as Media.net, Chitika, and Propeller Ads which help if you’re ever barred from Adsense or have a niche it doesn’t support.
If you have a platform (social media or blog) and speak to a demographic they’re looking to reach, Advertisers will pay you to showcase their product and pay you to do it.
To them, it is more cost effective to pay you to introduce their product to your audience instead of running ads that may be hit or miss. Companies to sign up with: IZEA and Linqia.
Many bloggers run sponsored ads as a way to monetize their blog. If you have a large following or reach, you’ll be able to command higher rates.
If you are a blogger, then it’s pretty clear that you either like to write or have a lot to write about. Either way, you must have a lot of content to share with people that can’t fit into a blog post.
Creating your own ebook is as easy as opening up your processing software and typing out what you want to share and saving it as a .pdf file to sell.
This is a great option to make money blogging because once you have created the book once, you can keep selling it as a download. An ebook is free to create, but you could also pay someone on Fiverr to create you a cover for cheap.
You can sell your ebooks on Amazon, eJunkie, or directly from your blog.
Can’t believe how profitable ebooks can be?
Abby Lawson from Just a Girl and Her Blog made $5,845 in December 2016 from her Building a Framework ebook. That’s amazing, but she also made $6,000 in the same month from two of her other ebooks.
So yes – creating ebooks can be lucrative.
Similar to ebooks, online courses allow you to teach your audience a skill that can be covered in a blog post. Online courses are, however, more lucrative than ebooks, because the perceived value calls for a higher price tag.
Though online courses take more time to create, you are able to charge hundreds or even thousands more than you would an ebook. Just like ebooks, however, once you have created them, you can sell them over and over again.
Bloggers can charge readers to pay a monthly membership fee for access to their blog’s content. This is a great way to earn money because you can earn money each and every month someone remains a member.
For example, let’s say you have 50 members who pay $29 a month for access to your business resources. Let’s also assume this number is constant (even though you will have some who cancel as well as new sign-ups to take their place). That’s $1,450 a month or $17,400 a year.
I don’t know about you, but that’s pretty good money. You could either drip content to your members and update it regularly, but you really don’t have to.
My favorite way to make money as a blogger is through affiliate marketing. I talk about this so much, that even my son can give you a textbook definition of what it is. Affiliate marketing is when someone pays you when a sale is made of their product or service based on a referral you made.
So if you write a post about how a blogging course helped you to become a better blogger and if someone purchases it through your affiliate link, the creator of that course will pay you a percentage of that sale.
This is a win-win situation for both parties, because not only did you not have to create the product, but the creator didn’t lose money in advertising.
I feel affiliate marketing is one of the most lucrative ways to make money as a blogger, second only to selling your own products and services. Referring your readers to other people’s products will help you to make money if you don’t have any products or while you’re creating your own to sell later.
As long as you’re recommending products you have used and makes sense for your readers, you’ll be successful in your efforts.
You can find affiliate programs practically everywhere. If you don’t see one offered by a company, just ask. Affiliate networks have many retailers whose products you can recommend. Once you sign up for a network, you can apply to individual companies one by one.