Because blogging is a low-cost business concept, it has a low entrance barrier.
And if you do it well, you can earn a lot of money.
I’ll explain 8 strategies for you to monetize one blog in this article.
Let’s begin immediately.
Complete Guide: How to Make Money Blogging in 2023
Let’s address a crucial query that many aspiring bloggers ask before beginning.
What Kind of Money Can You Make Blogging?
The quick answer is that you can make as much money as you want from blogging and continue doing so for as long as you want.
Forrest Webber, for example, manages a $1.5 million blog portfolio without ever having written a single word.
However, it’s also true that not everyone succeeds in this field.
It takes a lot of patience and the proper execution of techniques for blogging success.
Read More: How to Start a Blog and Make Money Online in 2022
10 Best Ways to Make Money Blogging
- Choose a Profitable Niche
A niche inside a larger industry is a subject. For instance, in the larger diet industry, vegan dishes would represent a niche.
But why choose a specialty for your blog rather than a market?
Here are the two reasons:
- Building credibility in a particular topic is simpler and quicker when you speak about it.
- In comparison to a market, ranking your blog posts is easy in a niche.
Three components are essential for creating a profitable blog niche:
- You’re good at it
- It’s low-competition
- You can achieve your monetization goals with it
The first step to building a successful blogging portfolio is choosing the appropriate specialty.
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Join Affiliate Programs
There’s a good reason why the majority of bloggers work as affiliates.
A blog is the ideal platform for affiliate product promotion.
The appeal of affiliate marketing is that you don’t have to manage customer support after a transaction or own a product.
Simply choose your favorite items that are part of an affiliate network, and you can make money by marketing them.
However, such goods must be pertinent to the topics you frequently discuss.
For instance, you can advertise SEO tools if you run a blog in the search engine optimization sector.
Additionally, make sure that anything you advertise on your site is worthwhile and beneficial.
Additionally, to be on the safe side, always state clearly in your content if you include affiliate links.
The most well-known affiliate programs include:
- Amazon Associates
- CJ Affiliate
- AWIN
- Impact
Read More: How to Make Money Blogging in 2021
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Sell Services
A fantastic method to build credibility as a service provider is by blogging.
So, by blogging about relevant subjects, you can eventually offer more services.
If you’re a writer, for instance, you can advertise your services at the end of your blog postings.
Or perhaps you have experience in your field and can provide advice?
You can also sell the following services as examples:
- Graphic design
- Web development
- Online classes
- And more
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Sell Digital Products
You don’t have to commit your time to get compensated for a digital product, as contrast to a service-based firm.
Once created, a digital product can generate consistent income on its own.
Additionally, there is no restriction on how frequently users can download digital products.
There isn’t even an inventory to maintain and monitor.
This makes one of the most fruitful monetization methods for bloggers the sale of digital goods.
Here are a few digital product examples:
- Ebooks
- Online courses
- Workbooks
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Sell Physical Products
A physical product is not required for you to sell it on your blog.
Bloggers who want to sell actual things with their designs on them can do so with the help of the print-on-demand business model.
Simply sign up for services like T-spring and Printful, then start making personalized products like:
- T-shirts
- Mugs
- Posters
- Phone cases
- And more
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Build an Email List
Your blog postings may rank on search engines, resulting in a temporary stream of passive revenue.
But what if a Google update affects your blog?
You must create an email list if you want to sustain your blog’s income. a list of committed readers who would value and heed your advice.
In essence, when someone provides you their email address, they are granting you permission to contact them at a later time.
You won’t need to bother about other traffic channels if you have an email list that is of a respectable size.
You want to optimize your traffic sources since, of course, more traffic equals more revenue.
What steps do you take to create your email list?
To collect your readers’ email addresses, you can utilize opt-in forms on your blog postings.
Even better, you can entice them with lead magnets like these to divulge their email addresses:
- Free checklists
- Helpful ebooks
- Blog posts packaged into a PDF
- A free trial of a software
- And, more
Additionally, you can expand your email list with Facebook lead generating advertisements.
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Sell Ad Placements
This is most likely the strategy used to get money from blogs.
On your blog, you can charge a fee to rent out specific locations.
If there is sufficient relevant traffic to their blog postings, businesses are willing to pay bloggers large sums.
Of course, you can only collaborate with marketers in your specific market.
With this tactic, there are essentially two methods to make money from your blog:
- Work with individual companies: Locate businesses in your sector and see if they’d be interested in having a showcase on your blog.
Even though it can take a lot of time, if you do it right, you can generate a sizable amount of recurring income. - Sign Up for an Ad Network: The second option, in which you deal with an advertising network that manages advertisers for you, is relatively simpler.Examples include Ezoic, AdThrive, and Google AdSense. All you have to do is paste their code into your website’s backend.The majority of the time, your blog must meet a minimum page-view criterion.
Although they don’t have these standards, Google AdSense and Ezoic manually review your site before allowing it for ads.
The advantage of this monetization method is that you don’t actually need to sell anything; you just need to drive visitors to your blog entries.
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Publish Sponsored Posts
Additionally, you can allow brands to post on your site in exchange for a fee.
Many businesses would be eager to pay handsomely for a sponsored post on your blog if it receives a sizable quantity of traffic.
All you would have to do is mention their goods.
Additionally, you are not need to wait for businesses to approach you.
Inform pertinent companies that you are interested in sponsorships.
Final Thoughts
A single blog can be used to create many streams of income.
However, the road to success in blogging isn’t always easy.
You must choose the best niche, consistently provide high-quality material, and decide on the best revenue strategies.
Your blog’s ability to make money will depend on:
- The niche
- Content formats
- Your audience
Here is a summary of all the blog monetization techniques we covered in this article:
- Promote affiliate offers
- Work with ad networks
- Sell services
- Sell digital products
- Sell physical products
- Build an email list
- Publish sponsored posts
