The Best Ways To Monetize Your Blog (And Why Most Bloggers Fail)

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Looking for the best way to monetize your blog?

Perhaps you have already made some money from your blog and want to increase your sales.

Or maybe you’re about to start a blog and want to make a plan to get started.

Either way-I’m here for you.

This post shares with you everything you need to know about the most common ways to monetize your blog.

But first, we need to talk about the main reasons most bloggers don’t make money and how to avoid it.

Are you ready? let’s start:

Table of conyents

The biggest reason most bloggers don’t make any money

The best ways to monetize your blog

Wrapping it up

The biggest reason most bloggers don’t make any money

There are many tips on how to make money as a blogger.

problem? Most of them lack the basics.

And it is these basics that provide the components needed for a successful blog. The

transactions are:

Content-based business has four components. This applies to podcasts, blogs, YouTube channels and all the great stuff.

If these components are out of sync, it’s like trying to row a waterfall with a broken paddle.

What are these components?

Business Model ⮂ Audience ⮂ Content ⮂ Marketing.

The concept is that the whole lot wishes to flow. You start out identifying your enterprise desires and enterprise version. Essentially, how will you are making money?

Then, you determine out your goal audience, your content material method, and the way you may marketplace that content material.

The hassle is that once a few bloggers begin out, they may select a enterprise version that doesn`t suit with their audience, content material, or advertising.

A suitable instance is a blogger that makes use of an advert community like Google AdSense to make money, however publishes opinions which are not going to advantage a good deal traffic.

In this instance, you’ll be a good deal higher off the usage of associate advertising to monetize opinions, and use search engine optimization as your number one advertising channel.

Each a part of your enterprise have to aid every other. Everything wishes to suit like a glove. Choose the fine content material method and advertising channels on your enterprise version & goal audience.

But additionally consider that positive weblog monetization techniques might be faster than others. For instance, you`ll receives a commission faster with freelancing while associate advertising is slower however can regularly result in passive income.

The best ways to monetize your blog

Now let’s look at the best way to monetize your blog.

1. Freelancing

Freelance is your best option if you are looking for a faster way to monetize your blogging skills.

Generally, making money from a blog is a slow process, but if you find a paid client, freelance is usually much faster.

Most bloggers tend to take a freelance writing route, but there are many other services they can offer.

Think of it this way:

Whatever you do for your own blog, someone else may be paying you to do it.

Think about it like this:

No matter what you do for your own blog, someone else may be paying you to do it.

Example:

Content writing
Copywriting
Proofreading + copy editing
Social media management
Email marketing
Video editing
Graphic design
Web design
SEO
Content promotion

And the great thing is that the work you do for your blog acts as a portfolio.

Freelance can also open new opportunities for you and sometimes help you build your own blog.

In fact, thanks to my blog, I haven’t been in service for years, but I’m receiving jobs.

I had to turn down a pretty incredible opportunity from something like Noah Cagan.

Conclusion: The skills we acquire as bloggers are currently in high demand. And this demand will only increase.

2. Sell online courses

The field of e-learning is expanding explosively. More and more people want to improve their skills or learn something new.

To get the most out of this tactic and serve your audience, you need to be familiar with the topic of creating a course.

And there is a lot of work ahead in terms of planning, content creation, and so on. And you need a solid marketing plan that you can implement once you start the course. Building a

affiliate team can help you grow your sales pretty quickly.

Well, the great thing about online courses is that you can make money over the years and reduce your reliance on unpredictable traffic sources like Google.

3. Sell digital products

Digital products are another option and can be easier than selling a course. Especially for template bundles.

Some people have set up a template company based on free graphic design tools like Canva.

And there are many different products you can sell:

Ebooks
Podcasts
Webinars
Templates
Checklists
Bundles of products
Subscriptions

Regardless of which product you choose, you should only choose products that meet your business goals and viewers’ needs.

Now you need some kind of e-commerce platform so that you can receive payments and deliver products to your customers.

Depending on what you are selling, you can follow the route that uses the marketplace. You need to share your interests, but you may be able to take advantage of your built-in audience and established trust in your platform.

Amazon Kindle is a good option for ebooks.

And Etsy is a great option for anything creative. In fact, many bloggers use Etsy to sell all sorts of things, including planners, ebook templates, lead magnet templates, and more. Outside the

market, you can choose a platform like Sellfy. This allows you to sell all different types of products. Both digital and physical products.

4. Advertising

Advertising is probably the most popular way to monetize your blog. You can sign up for an ad network and code for your website-that’s it.

But when it comes to actually making money, it’s definitely a slow burn, unless you have an existing website with traffic.

Most bloggers struggle to make money from advertising because their content strategy doesn’t match this particular business model. Do you remember the BACM framework at the time? This is even more important with this monetization method. The

content strategy relies on the ability to scale content output and publish content that naturally attracts large amounts of traffic.

This means a shorter article and smarter content type way to incorporate into your overall strategy.

newsworthy and viral content will be your bread and butter. And promoting social sharing is a top priority (these social sharing plugins help with that).

However, it’s also important to occasionally publish keyword-focused content. The increased traffic from SEO contributes to the overall visibility of your website.

SEO traffic isn’t as profitable as social media traffic when it comes to advertising, but there are additional benefits to doing so.

For example, you can diversify your blog’s monetization strategy by adding affiliate marketing to your mix.

5. Affiliate marketing

What exactly is affiliate marketing all about?

This is a common way to monetize blogs that are paid on a cost performance (CPA) basis.

Basically, you are promoting someone else’s product and they pay you a sales commission.

It’s a great way to monetize your blog because you can get started right away and don’t have to worry about customer support like you would when selling a course or digital product. now how do you get started with affiliate marketing?

Before we get started, we need to consider our approach. There are basically two options for this.

Option 1 – The social influencer

This option relies on building a very enthusiastic audience. Social media will be your primary traffic driver, but email marketing could work in its place or in addition. And you will focus on a handful of industry-leading products.

This approach works especially well on YouTube.

For example, Know Your Gear’s Philip McKnight adds an affiliate link to the guitar gear demonstrated in his video.

If you don’t do anything with the video, email marketing will be your best traffic driver. However, the best value can be achieved by combining content types (content created, videos, podcasts).

Option 2 – The authority site

Authorities’ sites typically rely primarily on driving traffic from search engines such as Google. With this approach, traffic can be more passive, but it is also more difficult to predict.

Initially focus on a few products and expand outwards over time by creating more reviews and product-centric list posts. Transition from a small blog to an authoritative site. So I’m reading articles about all the guitar products that I’m personally interested in.

Once you’ve decided which approach to take, find the product / service you want to promote.

It’s a good idea to start with what you know best. Start with a simple online search to see if they offer affiliate programs. Look for something like “affiliate program” + “product / brand name”.

Try to maintain relevance and promote only top-notch products. And give your affiliate link openly.

6. Sponsored content

Sponsored content is a very effective way to monetize your blog, but you need to establish your blog well before you can attract sponsors.

In fact, the biggest challenge is finding a sponsor. On the plus side, the

allows you to choose who you work with and set your own price.

A good place to start is to create an ad page that lists the prices of your ads and sponsored content.

You also need to create a media kit to send to potential sponsors. This includes details about blog traffic, social media followers, mailing lists, demographics, viewers and more.

The sponsored content you create will vary greatly depending on what your potential sponsors are looking for.

This can be anything from product reviews to more viral things like this Buzzfeed article.

It’s worth noting that some brands expect you to say good things about them, as you are rewarded.

Let’s continue the product review as an example. You need to know that you are selling reviews-warts and everything. They do not sell “positive reviews” because the integrity of the edits is important.

However, some sponsors may be worried that they will pay you to ruin the brand.

The best way to alleviate these concerns is to test the product first and then reject the review to see if it’s really bad. Share your feedback so they can make things better. In that case, you can continue the validation.

7. Coaching or consulting

Think of coaching and consulting as Freelance 2.0.

They can usually get much higher prices and will generally play more roles as advisors or mentors. Unlike freelancers, it’s generally not you who take care of the implementation.

However, you must be able to demonstrate better professional abilities. So I always recommend freelance first. Coaching & Consulting is a great next step once you are more established and have a significant amount of expertise.

One route some people are taking is to start with a freelance job and then move to an agency to give them the opportunity to scale. If they hire staff to play a frontline role, they can free their time as a consultant for more expensive clients.

The more experience you have, the more valuable the insights are to other companies, so you can charge more for this type of work.

When you’re ready, you can create a conversion-focused landing page on your blog to let the world know that coaching / consulting is possible.

Ok Wrapping it up

How do you need to monetize your blog? The answer depends on you, your business model, and your target audience.

Described the most popular options above to provide a solid starting point.

Anyway, you need to focus on how to monetize one blog and develop its source of income first. Next, next.