You may be wondering with strategies to digest and so much information to consume, how can a person not only grasp the art of blogging itself, but also that of turning their blog into a business?
The good news is that blogging has become a great way to build a business, in fact, more and more businesses are taking the blogging route instead of relying completely on paid ads. If you want to monetise your blog and generate revenue, you have a lot of options to look at.
Below we outline 10 ways you can monetise your blog in 2020:
1: Affiliate Marketing
A popular method to monetise a blog is to leverage affiliate marketing, it is especially useful if you are a beginner with no products or services to sell. All that is required is that you develop content which is in harmony with whatever affiliate offers you plan to push out. It is like commissioned sales in that your driving traffic and leads to an advertisers’ site through your blog posts.
2: Advertising
When it comes to how to make money blogging ‘display advertising’ is one of the most common ways. It is simple and easy to get started with and can be very profitable. Traditionally, site owners used to have to go out and find advertisers, but with the advent of ad networks such as Google Adsense and Amazon Ads it has never been easier. You get paid every time a user clicks the ad on your blog, with these ads you don’t even have to make sales.
3: Email Marketing
Email marketing allows you to build a strong bond and connection with your readers, you can effectively generate a sizable amount of money by marketing both your own products and services along with affiliated offers directly through email. To be successful all you need is to build your email list.
4: Sell eBooks
A quick pathway to making money from your blog is to develop an eBook which is aligned with the content of your blog. You can easily promote an eBook to readers directly through your blog.
5: Ad Space to Individual Companies
Once generating good traffic numbers, you can look at selling ad space at your own rates rather than just using Adsense or Amazon. This can allow you to set your own prices enabling you to charge monthly fees for certain sized banner ads or charging by click on powerful backlink articles, this can be a great money spinner.
6: Sell Courses
Another great avenue for passive income is in the selling of digital online courses through your blog. By developing intuitive and helpful courses it can be of tremendous value to your readers, and you may find they sell on autopilot helping you generate extra income.
7: Coaching or Consultations
By not including services such as one-to-one coaching and consultations you may be missing out on eager readers wanting to work with you. Today the highest earning bloggers offer such services, for example, if you are a financial blogger you may help a reader with coaching on monthly budgets or investments.
8: Selling Physical Products
Selling a physical product through your blog can be a great way to make additional income. Today an online shop can be up and running in no time with a litter of eCommerce platforms to help you including Shopify and Etsy.
9: Offer a Paid Membership Plan
Businesses with subscription models are becoming increasingly popular, from Netflix to web hosting providers they are all part of the subscription economy. A membership area is a gated section of your online blog which you can charge your readers to join for a monthly or annual subscription fee and in return offer exclusive benefits.
10: Sponsored Posts/Reviews
Through sponsored posts and reviews you can charge companies fees to write about their product or service on your blog. This means the company’s product or service gets exposure to your audience and you generate additional revenue, a win-win situation.
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