Before this we’ve discussed just how to create a blog, but just creating a blog is not enough. Especially if you’re not in blogging just for a hobby. If you want to make money from your blog, then you need to do more for your blog. You want your blog to be a steady income stream right? So let’s look at 7 strategies to monetize your blog.
The first and arguably the best way for you to monetize your blog is by using your blog for affiliate marketing. Now for the uninitiated, affiliate marketing might seem like a foreign concept to you, and you might not even know what is affiliate marketing.
But don’t worry, I’m going to explain what affiliate marketing is.
In the loosest sense of the term, affiliate marketing basically means that you’re helping a company sell their products or their services. How it works is you include a link for the product or services that the company sells in your blog, and every time a visitor of your blog clicks on the link and makes a purchase, you will receive a commission.
So this means that as long as the readers of your blog clicks on the link you provided and buys the product/service, you will be making money. And all you have to do is put the link they provided to you in your blog posts!
You might be wondering just how much can you make from affiliate marketing using your blog. The answer is it depends on how hard you work on it. According to industry experts, you can be making anywhere from less than $20,000/Year, up to even more than $2,000,000/Year.
That’s one of the best parts of affiliate marketing, that it rewards you proportionally to just how much you work on your campaign.
Affiliate marketing has proven to be one of the best passive income streams for bloggers in 2019. Of course, you need to pick the best affiliate programs, and you have to understand the field completely. So why not check out our affiliate marketing guides as well?
So if you’re looking to monetize your blog in Malaysia, then be sure to give affiliate marketing a whirl!
After affiliate marketing, we look at what has proven to be the most popular way to monetize your blog ever since blogging became mainstream. And this is by putting advertisements on your blog.
The best way you can do that is by using Google Adsense. Why should you use Adsense? Simple, Adsense can help you filter the advertisements and help keep the advertisements on your blog to be relevant to your content. Adsense also helps you to keep all the scammy advertisements away from your blog.
Other benefits of using Adsense also includes the fact that the ads are optimized for mobile, and that millions of company are using Adsense, which makes it easier for you to find the perfect ads.
There are two different manners you can monetize your blog using adsense;
- Based on impressions: This depends on page views. For instance, for every 1,000 page views you get, you earn a set dollar amount.
- Based on clicks: Regardless of page views, if a visitor clicks on the ad from your site, you’ll earn a certain cut of the ad revenue. This can range anywhere from $0.01 to a couple of dollars depending on the ad.
How much can you make from Adsense? Well that depends on your traffic, and how many people click on your ads. But don’t try to cheat the system by clicking on your own ads, cause you will be penalized. There are stories of people earning more than $3000/Month just from Adsense.
So how do you get started with Google Adsense? Simple, just sign up your blog, and then you’re ready to go!
If your blog is educational in nature, it means that you are already teaching your visitors. So why not make some profit of it by organizing an online course/service/seminar?
Of course, your online course/service/seminar cannot be a rehashed version of the content in your blog, or your visitors will feel cheated. Instead, what you should do is create some new exclusive content for the online course/service/seminar only.
One of the most popular ways an online course is set up is by setting an 8-week course through automated email messages. Or, you can just release everything in one go. It’s up to you.
This is one of the best way to monetize your blog, especially if your blog focuses on helping your visitors.
How much can you make from this? According to experts, you can make more than $1000 in the first month alone.
Consultation is another very popular way to monetize your blog. If your blog is getting enough visitors, you should look into providing consulting services for your visitors. This is made easier if your blog focuses on tutorials or self-help.
For example, lets say your blog is about a healthy diet and losing weight. So what you can do is you can charge your visitors money for a skype session where you consult them how to achieve a healthy diet and lose weight.
If you choose to monetize your blog like this, your blog will be more than just another blog, you will be seen as an expert in the field. This leads to other opportunities.
How much money can you make using this method? It depends on how much traffic you’re getting. The more traffic you get, the more people will be using your consultation services.
If you’re getting enough visitors on your blog, you might be getting some offers to post paid reviews on your blog. Usually, paid reviews is one of the best ways to monetize your blog.
But one thing you always need to remember before doing a paid review is to always keep it honest with your visitors. Sometimes, some bloggers feel the need to sugarcoat everything because they are being paid by the company. This leads to dishonest reviews, which will alienate your visitors.
If you keep doing this, you will be losing traffic to your blog. So always make sure that you’re honest and upfront with your visitors.
Writing e-books can be a little taxing, but if you can do it then it can be the best way for you to monetize your blog. With e-books, you are ensuring a steady source of income for your blog. As long as the book is selling, then you’re making money.
And the best part is that it’s ideal for any niche. So you don’t have to worry about your blog not fitting the requirements. For example, let’s say your blog is about mountain climbing. Then you can write a book on mountain climbing.
With so many self-publishing opportunities available out there on the internet, all you have to do is start writing, publish it yourself, and sell it on a retailer like Amazon!
Once you have done that then you can wait and watch the money roll in. If you’re prolific with your writing, then you can make tons of money.