If you enjoy writing, blogging can be a great outlet for you. If you have an entrepreneurial spirit, you can turn your blog into a business by monetizing your blog.
Some of the blogs I follow are making thousands of dollars each month. I know this because many of them publish their monthly income reports with a breakdown of where the income came from. Although it can seem scary or invasive for others to know your income, it can help drive sales if people see proof that you are a successful blogger, then they are more likely to subscribe to your blog and purchase your products or services.
Many of the bloggers I follow only work five to 20 hours a week. Some have small children and work on their blogs early in the morning before their children get up, while they nap or after they are in bed for the night. A lot of bloggers start out blogging on the side when they have a regular job and then once it grows into a full-time income, they leave their 9-5 and pursue their blog full-time.
For some, blogging has made their dreams come true because they are doing what they love, spending time with their families and making a good living.
There are endless opportunities to earn money as a blogger, but here are the main sources of income for most bloggers.
- PPC/PPI ads
You sign up for Google Adsense or Media.net. This is when you register for an account, provide information about your website, generate codes and embed them into your html coding. As a result, ads will be displayed on your site/blog. Some pay for a certain number of impressions (the number of views) and some pay a certain amount for each click. Google Adsense has changed recently. Now you have to have a good amount of content in order for them to approve your account. From what I hear, you need at least 20-30 blog posts to get approved. This form of income isn’t going to make you rich, but it can bring in an income.
- Affiliate advertising
This seems to be where most successful bloggers make the bulk of their income. You sign up for an account with an affiliate. You generate a code to embed in each post or page of your site. You get a commission for each product that is purchased and it is tracked from your site so that is how you get credit for the purchase. Amazon has a popular program called Amazon Affiliates. You can create an ad for a product link. You can hyperlink a word in your blog post or you can place an ad within your blog post. There are many other affiliates you can post links for and receive commissions for products and services your readers purchase.
- Sell Products/Courses
This is another top way to earn income for bloggers. You create a product, guide or course. You sell it on your site, to email subscribers, on social media or in any other way your promote the product. It can be a course on how to start a blog or how to monetize your blog.
- Publish an e-book.
You write a book on a certain topic and you publish it through an ebook publisher. You receive a commission for each ebook that is purchased and downloaded.
- Sponsored Posts
Once your blog is established and you have a significant amount of traffic, you can be compensated by a company for blogging about their products or services. Some companies will also compensate social media users with a large following for posting about their products or services. Instagram is a large platform for paid posts.
If you decide to start a blog, you have to remember that you aren’t going to start earning an income overnight. You need to create content and promote it on a consistent basis in order to see results. The trick is to set small goals each week and as your traffic continues to grow, so will your income.
Stay tuned for next week’s post on how to start a blog.
Disclosure: Bear in mind that some of the links in this post are affiliate links and if you go through them to make a purchase I will earn a commission. Keep in mind that I link these companies and their products because of their quality and not because of the commission I receive from your purchases. The decision is yours, and whether or not you decide to buy something is completely up to you.