Do you have the heart of a writer and a mind for business?
If your ideal career involves being your own boss, working from home, and limitless income potential, then blogging might be the business for you.
With several possible income streams, the sky’s the limit for the dedicated blogger (willing to learn and invest the time) when it comes to making money.
For those new to the blogosphere (welcome!), we’ve listed for you 4 lucrative ways to successfully make money with a blog.
Approached professionally as a legitimate business venture, a monetized blog can absolutely change your bank account (and your life) for the better.
Ready to be a Girl Boss? Read on!
ADVERTISING
The most familiar way of making money with a blog. Advertising can be lucrative for blogs with high page views/traffic. Strategic placement ensures that ads are not intrusive or distracting for readers.
Google Adsense is often the first advertising program that new bloggers join. High traffic blogs can join other programs that offer higher rates, but have minimum monthly page view requirements (e.g., Mediavine, AdThrive).
SPONSORSHIPS
A sponsored post is one in which you are paid (or compensated in other form) to review or promote a product/service to your readers. Sponsorships can be very profitable for high traffic blogs. Companies will pay to have their product promoted to your large audience.
Always prioritize useful, quality content and the needs/interests of your readers when considering sponsored posts. Sponsorships will then be valuable both to you and your readers.
AFFILIATE MARKETING
Blogs have an audience. Selling products to this audience makes money.
With affiliate marketing, you are referring your audience to purchase someone else’s products (e.g., a retailer’s). This is done using an affiliate link on your blog. When a sale is made, you then receive a commission.
One of the best ways to monetize a new blog. Affiliate marketing is ideal for those with high reader engagement (high traffic not required). It does not increase the cost of the product to your readers (disclosure must be provided on all posts that contain affiliate links).
Amazon Associates is often the first affiliate program that new bloggers join. It’s quick, easy, and free (many other retailers also have affiliate programs).
SALES
What’s even better than selling someone else’s products to your audience? Selling your own. For many bloggers, this is the best, most lucrative means of making money (there are many incredibly successful, highly profitable examples).
This method is ideal. You control the price, keep 100% of the profits, and remain independent of other products/companies for your revenue. You can even start your own affiliate program to have other blogs make money for you (by acting as an extension of your marketing/advertising).
Printables, ebooks, online courses, coaching/teaching services, photography/stock photos, handcrafted merchandise, and premium blog subscriptions/memberships (for established blogs with exclusive content), are just a few examples of what you can sell to an engaged audience (even if it’s small).
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