The following are the five most effective ways to make money with a blog, listed in no particular order. You may frequently mix many of them, but the important thing is to select the ones that are most appropriate for your project.
According on your website’s topic and the demographics of your users, monetizing your website in one method or another might provide dramatically different outcomes. I’ve seen blogs with 2,000 visitors per day generate 3,000 euros per month in revenue from their own goods and affiliations, as well as sites with 10,000 visitors per day that did not generate even 500 euros in revenue.
Because of its ease, third-party advertising continues to be one of the most popular methods of monetization for many blogs. Although there is a widespread assumption that it is impossible to earn a substantial revenue from advertising, generalizing like this is incorrect: it all relies on the topic of your blog and the number of visitors it receives.
For example, a blog on money-saving ideas would almost certainly generate less income than a blog about financial investments, because your readership will not be as inclined to spend money on frivolous purchases. AdSense, cost-per-acquisition (CPA), and private advertisers are three of the most prevalent types of online advertising.
It is Google’s Pay-Per-Click (PPC) advertising network, which is the most extensive in the world. The success of AdSense may be attributed to its simplicity, ease of deployment, and large number of advertisers. You just register here, and after Google has accepted your request, you may begin displaying advertisements on your site by entering a short piece of code into your blog.
PPC is an abbreviation for Pay Per Click, which implies that you get money every time a reader clicks on one of these advertisements on your blog. Furthermore, with AdSense, you do not have control over the kind of advertisements that display on your website. Google takes care of this automatically based on the topic of your website and the reader’s profile.
2. Affiliate marketing
In truth, affiliate marketing is still a sort of cost-per-action (CPA), with the action being a purchase. In this way, you will be able to make money whenever a reader purchases a product from your recommended links. Because of its simplicity, it is one of the ways of monetization that many bloggers favor over others, such as AdSense. You are not required to develop any of your own items, and you gain by referring customers to third-party companies.
There are companies that offer their own affiliate programs, like Amazon, and others that are integrated into affiliate networks with many more advertisers, like Shareasale and Awin . Its functioning is identical to that of the previous one: You join up for the company’s affiliate programme and wait for your website to be authorized before moving on with your business.
You do a search for the product you wish to advertise and are provided with a unique link that contains your affiliate identifier (ID). When you discuss about the product in question on your blog, you add those links in your post. After clicking on that link, the reader will be sent to the product’s sales page on the website. If you decide to purchase it, you will receive a commission.
Once you have earned a certain number of commissions, the firm will transfer the money you have earned into your account on a monthly basis. The amount of the commission is determined by the firm and the nature of the product. In general, the lower the price, the less commission is charged. In exchange for its items, Amazon charges between 3 and 10 percent, whereas Clickbank charges between 30 and 70 percent for its digital products.
3. Sale of physical products
Aside from affiliate marketing and advertising, selling physical things through your blog is a fantastic way to create cash since the margins will be bigger than with affiliate marketing and advertising and you will not be restricted by the number of visitors your site receives. To be sure, selling things on a blog is not appropriate for every blog.
People who are interested in your personal brand will almost certainly want to purchase your items or publications if you have a really strong one. You will have little success if you do not do so.
However, the most significant disadvantage is that, as a general rule, you will be responsible for keeping the items and shipping them, which comes at an additional expense and prohibits this kind of monetization from becoming a source of automated revenue.
4. Sale of digital products
In the event that you have a following and have managed to build enough trust via the content of your blog, you have a fantastic potential to make money from the sale of your own digital items.
A blog may be a very successful source of income, and this is the most common method. And, of course, my personal fave. Your commissions are kept to a bare minimum, you avoid intermediaries, and you remove physical distribution costs. Additionally, you may transform it into automated passive income, allowing you to generate money even while sleeping.
The process of developing your own product, on the other hand, takes time and attention, in addition to a solid sales plan.
5. Online courses
Certainly, the most profitable kind of monetization available today, because once you have produced an online course, it costs you the same to sell one as it does to sell two hundred copies of the course. Almost no expenditure is associated with its creation, and there are no distribution costs.
In the form of videos or downloaded papers, an online course may be combined with an automated sales system, such as a series of emails sent through Mailchimp or Active Campaign, to generate a substantial amount of passive revenue for the creator.
For example, when someone subscribes to a personal development blog, a series of emails is sent to them in response to their action. During the first few days, you will receive emails with free information of value to help you establish trust, and after a week, you will receive an email introducing the premium video course in case you decide to enroll.