Once you have written some blog posts (the number varies depending on who you ask, anywhere from 10 to 100), you can start thinking about monetizing your blog. Your blog should always be about sharing your ideas, and building a good audience. But as long as you continue to provide value to your readers, you can find ways to monetize your blog. You should have considered monetization while you were planning the blog originally, but it’s never to late to consider monetizing a blog, especially a very popular one.
Your Own Products or Services
One of the fastest ways to make money from your blog is to sell your own products or services. You don’t need a lot of readers. If you built trust with your audience, almost any amount of readers can be profitable. The tools to create information products are readily available online for any budget. Then you just need a cover (go to Fiverr if you are not graphically inclined), a simple sales page, and a Paypal button. A loyal audience will reward you with sales.
A far easier – but less profitable – way is to promote other people’s products as an affiliate. An affiliate earns a percentage of sales off of products purchased through their special affiliate link. You can go to affiliate marketplaces like Clickbank, or you can simply look at products you’ve bought and see if they have an affiliate program. If they don’t, ask them if they plan to create one.
Once you have a large, regular audience (again the numbers vary, 1,000 to 10,000 unique visitors per month), you can join an advertising network. The easiest to join is Google AdSense. There are other ways to get ads on your site, including banner ads.
Paid Blog Posts
Once you have established some authority in your area or niche, you can start thinking about writing guest blog posts on other sites. Some people may approach you to write paid blog posts for their website, but more than likely, you will have to seek out other blogs in your niche and see if they pay for guest blog posts. A guest blog post also acts like an advertisement for you and your blog. There are arguments for and against doing this, but there are people using it effectively to generate traffic to their blog, as well as some extra cash.
You can do product reviews that link to the product as an affiliate. If you are going to go this route, you are required by the FTC to put a disclaimer you receive financial compensation for the products you review. To maintain your authority and credibility, you should be honest in your reviews. Your readers will respect you more. Plus, something you consider a negative may be a positive for someone else.
There are many ways to monetize a new or existing blog. Finding affiliate products and offering honest reviews on your blog is a real easy way to start out. Creating your own products or services is profiotable and takes some work and a Paypal button. And offering ads through networks like Google Adsense can be an easy way to add some income from an existing blog.