Blogging is a way to share your thoughts and experience on a particular topic. Many do it as a hobby and don’t make a single penny out of it, while others figure out a way to make it a money-making machine. Most people who do blogging as a hobby don’t have any idea how they can turn their passion for writing into a profitable business. They have no idea how they can monetise their blog. And the new bloggers who want to take blogging as a career also may not have the proper knowledge regarding all the different ways to make money with their blog.
So, today I will share with you the six most popular and profitable ways to monetise your blog and make a good amount of money with it.
Here are the six different ways to monetise your blog.
1. Advertisement
2. Affiliate Marketing
3. Sponsorships
4. Sell Products
5. Sell Services/Skills
6. Memberships
Read this article till the end to find out a few more ways to monetise your blog other than the six ways mentioned above.
Now, let’s take a look at these methods one by one.
1. Advertisement
Advertisement is a great and the easiest way to make money with a blog in my opinion.
To make money through advertising, you need to join an ad network first. There are several ad networks you can join, like Google AdSense, Mediavine, Ezoic, etc.
After you join an ad network, your ad network starts showing ads on your site. And whenever a visitor comes to your site and sees those ads (or, in some cases, clicks on them), you make money. For every visitor that comes to your blog and sees an ad, you make money.
Normally, ad networks pay somewhere between $1 and $30 per 1000 views, depending on your blog’s niche and the location where your audience is from.
If you are getting traffic from tier 1 countries like the United States, Canada, and Australia, then you will make more money, but if you’re getting traffic from tier 2 or tier 3 countries, you will make less money comparatively.
To make money with advertising, you need to start posting engaging articles and drive traffic to your site. That’s it. You don’t need to promote or sell anything to make money with advertising.
Here are some of the most popular ad networks that you can join to show ads on your site and make money.
- Google AdSense
- Ezoic
- Mediavine
- Adsterra
- Raptive
- Monetag
2. Affiliate Marketing
Affiliate marketing is a great way to make money from a brand new blog. You don’t need to have thousands of visitors, like in advertising, to make a good amount of money with it. Even if you have a few hundred or even fewer visitors than that, you can make a lot of money with affiliate marketing. All you need is the right audience.
In affiliate marketing, you don’t need to sell a product in order to make money; you just need to promote someone else’s product to make money.
To make money with affiliate marketing, you need to join an affiliate network first. After joining the affiliate network, you’ll get a unique link to promote the product of your choice (as there can be multiple products to promote). You need to promote that product’s link through your blog, and whenever someone buys the product using your link, you’ll get a commission. That is how you make money with affiliate marketing.
Through affiliate marketing, you can make somewhere between $0.1 and over $5000 per product. If you’re promoting low-cost items like gift cards and app subscriptions, then you’ll make less money, but if you’re promoting expensive items like private jets, hotels, private consulting services, or online courses, then you can make a lot of money.
Here are some of the most popular affiliate networks that you can join to start earning affiliate commissions:
- ShareAsale
- Clickbank
- Impact
- CJ Affiliate
- Amazon Associates
- Fiverr
3. Sponsorships
After you start getting some traffic to your site, brands will start to contact you to get their products featured on your blog.
You’ll need to write a blog post or mention their product somewhere in your blog in exchange for a specific amount of money. The amount of money you can charge per sponsored post depends on the number of visitors your site gets. It can be somewhere between $50 and $5000, or even more.
While writing a sponsored post, you need to clearly mention the name of the product you are promoting, post a clear image of the product, and add a link to that product’s official website.
You’re getting paid to write a post doesn’t mean you’ll only write good things about the product. Make sure to cover both positive and negative aspects of the product to make your post genuine and transparent. This way, you can make money promoting the product as well as maintain a good relationship with your audience.
4. Sell Products
If you have a good flow of traffic on your site, then you can generate a good amount of money selling products.
There are two types of products you can sell:
1. Digital Products
2. Physical Products
Digital products are much easier and more profitable to sell compared to physical products, as you need to create the digital product once and then sell it for a lifetime, whereas with physical products, you need to produce or create them regularly according to demand, package them, transport them, etc etc.
Some examples of digital products can be ebooks, printables, online courses, pre-made templates, etc.
And some examples of physical products can be art and craft items, hoodies, coffee mugs, posters, stickers, merchandise, etc.
You can use platforms like Etsy, Gumroad, and Redbubble to host and sell your products. You can sell both digital and physical products using these platforms.
There is no limit to how much money you can make selling products through your blog. It depends on the product you’re selling and the amount of traffic your site gets.(as more traffic may bring more sales and vice versa.)
5. Sell Services/Skills
If you are good at a particular skill, then you can sell that skill as a service. For example, if you are good at graphic design, you can provide graphic design services and make money.
To sell a service, your blog needs to be in the relevant niche as well. You can’t sell graphic design services on your blog about gardening because these two topics don’t go together. Why would a gardener need graphic design services? (Sometimes they could too, but that’s a different topic.) But if you’re promoting graphic design services on a digital marketing blog, that would work a lot better.
Depending on your niche and your expertise in that field, you can start selling services to your audience to add an extra source of income.
This method can work best for agencies and freelancers trying to find new clients to work with.
6. Memberships
You can create a paid community for your audience who wants to see more content from you and who wants to connect with you.
These communities can be a great way to generate recurring revenue and to connect with your audience.
You can share exclusive blog posts, in-depth research about particular topics, behind the scenes, etc. in such communities with your paying members. You can even create polls to let them choose your next blog post’s topic, and much more.
You can use platforms like Patreon and buy me a coffee to host your community.
Other than these six methods, referral marketing can also be a great way to make money. Referral marketing’s concept is similar to that of affiliate marketing. If you write blogs about different apps and websites, then referral marketing can be the best option to make money.
You can grow an email list using your blog and monetise it. Nowadays, even emails get sponsorships, so if you have a decent amount of email subscribers, you can make a good amount of money through sponsored emails. Not only that, you can even promote affiliate products, sell your own products, etc., using your email list.
So, building an email list can be the most effective way to monetise your blog. In today’s world, an email list is considered a digital asset and is highly valued.
These were the different methods to monetise your blog. Every method mentioned above might not be suitable for your blog. So, choose those methods that can be both suitable and profitable for you and your blog.
And at last, I would like to say, focus on multiple (at least 2-3) sources of income, so if one dries up, then other sources will be there to back it up. In this ever-changing world, you never know what is going to happen next. So, you need to be prepared and ready to face anything that comes your way.