How to Monetize Your Blog in 2020

By | February 8, 2020

 

 

 

 

How to monetize my blog
You are planning to monetize your blog, right? Definitely you are! Everybody wants to be financially free in life. Now you’ve created a personal blog believing you’re going to make money off that and quit your current 9-5 regular job. Or perhaps you have a niche blog that is already pumping cash into your bank account monthly!

Whichever your option is, making money with a blog is quite realistic, though you don’t earn it overnight. If it’s done the right way, you can earn a living working on your blog from the comfort of your home.

Sell Private Ads

Publishing for advertising networks is not your only alternative as far as selling online advertisements is concerned. Once you have the traffic coming in, you can start receiving requests from advertisers directly, asking you to enable them place ads on your blog. You also have the option to reach out to advertisers yourself. So, with this method, you’re free to set your own advertising fees.

You can sell private advertisements in the form of links, buttons, or banners. Another way to explore this approach is to create a number of sponsored posts and review an advertiser’s service or product. The same goes to underwriting a series of posts in which you make mentions within the content.

Monetize Your Blog with Cost per Click or Cost per 1,000 Impressions Ads

One of the prominent ways bloggers monetize their blogs is by placing advertisers’ ads on their blogs. Ads are in two major types:

  • CPM Ads: Cost per one thousand Impressions (CPM) ads are such that pay a certain amount of revenue based on the number of people that view your page.
  • PPC/CPC Ads: Pay per Click (PPC) or Cost per Click (CPC) ads are banners that you place within your sidebar or posts. Every time someone clicks on it, you earn a share of the revenue for just that.

Google AdSense is the most famous advertising network known for sharing revenue to place these types of advertisements. Through this network, you don’t have to get in touch with advertisers; you just have the banner placed on your blog.
Google ensures only ads relevant to your blog niche are displayed and you earn a revenue share upon valid clicks. Should in case Google AdSense doesn’t work out for you, you still have other similar advertising networks that let you earn a revenue share for just displaying advertisers’ ads on your blog.

Sell Digital Products

If you choose not to advertise other people’s services or products on your website, but just want to be in search for another major source of income, you can try selling digital products. These may involve products like:

  • Webinars or online courses
  • eBooks
  • Themes, plugins, or apps
  • Music, video, or images other people can make use of in their blog posts.

Embed Affiliate Links in Your Blog Posts

Affiliate marketing is invariably another great way to monetize a blog. Affiliate marketing works in the following ways:

  1. An advertiser enters into a commission agreement with you and this is used to reward you when a buyer finds your link, clicks on it and proceeds to checkout.
  2. You’re given a unique promo link through which all your sales are tracked. When a customer clicks on your link and buys a product, you’re paid a commission for that.
  3. You embed your link in your blog content. This can be done via banner advertisements or directly in your blog content.

Affiliate marketing can be leveraged via advertising networks like eBay Affiliate Network, Amazon Associate Central, or you can simply establish businesses with affiliate programs or private partnership with advertisers.

Sell Memberships

Another alternative to making money is selling memberships to the whole nooks of your site. For example, a vocation blog may charge $14 monthly for members to be able to access their job section. A new business may sell memberships to their community whereby users can get individualized tips regarding their business.

One thing is that you must make your exclusive membership more appreciable than something users can get elsewhere without spending a dime; thus, make sure to come up with something valuable and worth the bill.

Utilize it to Build Your Online Presence

Growing a blog with the intention to build online reputation can open the doors of numerous opportunities for your online business. For example, let’s say you started a brand-new blog in the online business industry! Visitors begin to read your blog posts, and that makes your blog well-known to many people. You’re a thought leader in the online business industry.

Through this, you can be contacted by a big company to help them run SEO audits for their site and create great content for their brand. Though this obviously isn’t a direct way of earning money blogging, it has deeply sufficed for many veteran bloggers out there and it still does. So, you can certainly earn from a direct income stream as most authority blogs earn up to 7 figures.

The greatest thing to bear in mind is that earning money with a blog won’t suffice if you set up the blog and leave it there. The “if you set it up, they will visit” mentality does not suffice here. Thus, be certain you’re really going to spend the right time with the right energy. Most newbie bloggers do not see an income spike for a couple of months (most times for years) on setting up a blog. Prior to delving deeper into blogging, be sure to heed to the following pieces of admonition:

Write Great Content

You won’t start earning without getting people to read your content. Of course it’s your audience (blog readers) that will help make you the money. So, always put your audience first, whether they are purchasing products through your blog or just clicking on advertisers’ ads.

Do Not Spend the Whole of Your Time on Your Blog

In trying to grow a blog, building bonds is instrumental. This may involve bonds with affiliate partners, sponsors, authority bloggers or influencers in your industry. Ensure to spend some quality time on social media, niche-related online forums, authority blogs and everywhere else that you know building bonds will suffice.

Conclusion

Having learned some good ways to make money from your blog, you’d be considering learning how you can grow the blog through content and engagement building. I’d want to introduce you to a platform I belong whereby you’ll be trained on the most ideal way to build a blog successfully. Learn more about this platform here.

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