Blogging is fun, but can it pay the bills? Well, the answer is yes, once you can monetise your site efficiently. So, here are some ways to do just that.
#1. Affiliate Marketing
When it comes to monetizing your blog or site, affiliate marketing is by far the simplest and most practical means. Affiliate marketing usually involves selling other peoples products and services.
If a person purchases these products through your help, the owner pays you a commission, which is ideal given you don’t have to create the product or mind anything.
You also don’t need a website with a massive traffic to make money from the venture, although it would be ideal. However, you need to have excellent connections with other established bloggers.
Only then will you be able to make money as there’s really no one who purchases from a vendor they do not know. Trust is key when it comes to making sales through affiliate marketing.
There are a number of great people out there who can help you start a trustworthy blog, that is going to get those affiliate earnings.
Advertising is probably the most basic approach to making money in the online world. The bigger the following, the bigger the chances of being contacted by advertising organizations.
No one invests in someone with a low following with advertising in mind. If this approach works, you can move on to advertising your own ideas, products or services. Given the fact that you have more options to turn a profit, you can utilize the advertising space for self-publicity as well.
It is proven that marketing your own products and services gives better returns compared to selling ads.
#3. Communicating with the Users
Would you like to make your blog site profitable within itself? Well, the best way to do this is taking some time to engage with your visitors and readers. Without ideal engagement, like responding to blog posts’ comments, your readers will think that your site isn’t a proper place to spend your time and you’ll be losing an audience in no time. So, avoid this common mistake and send a few thankful comments or emails to your appreciation.
Commenting on your posts and replying to queries and questions on your social media pages inspires interests and makes the audience feel more valued. So, whenever someone posts a comment, try as much as you can to reply, and promptly for that matter. Ensure that you post something sensible or they will deem the comment as spam.
#4. Reverse Sales Funnel
This is another tried and tested strategy. Instead of starting with cheap products, you can go all in and start with the expensive ones and give away the less expensive ones later.
This is a strategy being employed by top bloggers who are converting their loyal audience into high-value leads and sales.
#5. Premium Items
Advertising and affiliate marketing are considered to be short-term money-making strategies. If you want to earn a stable passive income for the long term, then you’ll have to brainstorm and create a premium product that is reliant on your expertise, travels or adventures.
You should give your readers free quality content that they can use. Additionally, you can create useful items to sell on your blog site.
Individuals like Darren Rowse sell premium products to their followers to generate income. It is usually one of the best ways to make money online by selling things like eBooks, themes, plugins and even membership sites. It is ideal as you do not have to work as hard once you have a huge following that likes and purchases your products or services.
Additionally, you can ask your audience to purchase your products by giving affiliate commissions. This helps you make substantial money without working too hard. However, ensure that you find the right product ideas or else your project may fall short.