Start Monetizing Your Blog the Right Way – 5 Ways to Monetize Blog & 5 Reasons Why You Should Have Done This Already
Writing is a means of communication. It allows you to share your thoughts and ideas with others, and it virtually guarantees that your blog will be read. However, the time comes when you start earning more money from your blog. So what happens then? You stop writing, right? Wrong! You stop monetizing your blog because you’re worried about how much of a drain blogging is on your bank account. You need to keep writing if you want to make a good chunk of change from your blog. Here are some ideas and techniques for monetizing your blog and why you should have done it already. 5 Ways to Monetize Your Blog 5 Reasons Why You Should Have DONE This ALREADY
A good blog monetization strategy should consistently put you closer to a bigger bank account. If you stop monetizing your blog and continue to write every day, you will keep your demand for articles up, which is essential for those who have one of the most sought after blogs on the Internet. You can easily outsource the technical maintenance of your blog by going for a content outsourcing solution. With this, your blogging project becomes cost-effective at the end of the day.
What happens when people stop writing? They abandon their blogs and move on to the next big thing, that’s what! Most bloggers lose posts, traffic and more. If you have been putting in effort to write and have enjoyed a nice rate of return, then it is time to monetize your blog. Following are some ways in which you can make money using your blog:
Why You Need A Subscription Model for Your Blog
If you monetize your blog, it will have to be run as a business. Nobody can afford to invest the time to keep up with it all plus serve their subscribers. That’s why you need a subscription model for your blog. It places the power of decision-making in the hands of those who are footing the bill. And that’s great, because they should be able to make decisions based on what is best for them and their readers and not on what you think is best. The result of that is more readers and more advertisement rates.
If you don’t have a subscription model, you are left to your own devices to make all the decisions yourself. That is what I did for four years before I stopped and realized that it was time for me to hire someone to do the heavy lifting for me. But I was lucky because so many others don’t get that luxury and must find a way to do things on their own.
There are lots of ways and approaches you can use that will allow you to reap these benefits of having a subscription model.
I believe that you should try to monetize your blog directly through subscriptions and/or advertising. But if for some reason it doesn’t work, then you need to look at other ways of making money out of it.
How to Monetize Your Blog Using Affiliate Marketing Techniques
If you don’t know what affiliate marketing is, here’s what you need to know. It’s when a company pays you to advertise their product or service on your blog. Not every company offers affiliate marketing and not every company that does offers it as an option. But most companies do and when used effectively, can lead to significant earnings for you. But how do you go about doing it? Here are some affiliate marketing techniques you can use that will lead to significant earnings.
First, choose a product or service you believe in. If you’re passionate about it, then the product or service will resonate with your readers. Second, search for the company that provides the service to find an affiliate link for them. For instance, if I wanted to promote a website that featured educational material on nutrition, I’d search Google for nutrition sites and then I’d look at what they had available as affiliate promotion. Third, once you’ve found a company, you need to sign up as an affiliate. This is generally done through the company’s website, unless they provide another avenue for you to use. Then, contact the company and ask if they have any specific instructions for promoting their service or product. If not, then do it your way!
Fourth, create content for your blog about the product or service. The benefit is that your readers will be more apt to purchase it because they know you, like you, and trust you. Fifth, promote your affiliate links in any way possible including:
* Banner ads
* Posts about the product or service for it to be added naturally in the text (like a review).