Did you know that there might be as many as 32 million bloggers in the world by the year 2020?
That’s because blogging is no longer only a hobby for internet users. It can become a profitable business. For example, website owners who focus on blogging are 13 times more likely to get a better return on investment (ROI) at the end of the day.
So, having a website or a blog can help you make a lot of money. The next question would be – how to monetize a website?
Well, there are numerous ways to do that, depending on your personal approach and strategy. Keep reading this article to find out how to monetize your blog and quit your 9 to 5 job for good.
Best Blog Monetization Methods to Make Money Blogging
Before going into the nitty-gritty of blog monetization, it’s important to remember that this is a steady, ongoing process. You can’t become successful overnight and you’ll never have a loyal audience who buys from you in only a few days.
But if blogging is your passion and you spend a lot of time in front of the computer every day, why not making this hobby produce money for you? Here’s how to do it.
1. Use Affiliate Marketing
Affiliate marketing is one of the simplest and most effective ways of making money with your website or blog.
It involves promoting certain products on your website and getting paid a commission when someone buys something. The commission can vary from 5% up to 75%, depending on the manufacturer or website selling the product.
Amazon.com is one of the most popular websites used for affiliate marketing. You can create a website or a blog and promote various products sold on Amazon. The most successful blogs are those which pick a niche. For example, you can specialize in promoting fitness products, skin care products, clothing items, jewelry, etc.
Once you have picked your niche, you can start promoting these products, usually by writing honest reviews about them. With the passing of time, more people will be attracted to your website (if you also do a decent marketing campaign) and each sale will give you a commission. This is a passive way to earn an income and it will work for you even when you sleep!
2. Sell Digital or Physical Products
At the same time, you can also sell different types of items made by others or made by yourself.
For example, are you a skilled potter? Do you create amazing figurines from paper? Are you proficient with hand-made items? If the answer is yes then you should capitalize on your craft. Create various hand-made products, snap pictures of them and advertise on your blog. Work to build an audience and you’ll eventually be able to sell your stuff online, making a decent income.
You can also sell digital products. For example, do you love to write? If you do, you can write small e-books or brochures and sell them in the Kindle store. People love to read and they would definitely pay $5-$10 to be thrilled with a new novel or story.
The same story goes for other digital products such as music, graphical vectors for web design, logos, unique pictures, etc. Best of all, you don’t need a physical store for your digital goods and you can sell as many as you want for the rest of your life.
3. Use Paid Ads and Sponsorships
Although a lot of people use ad blockers when they navigate the internet, there are millions of people who don’t. You can take advantage of that and display ads on your website or blog.
It’s important to have some content on your blog and gather a small audience before Google AdSense agrees to display ads on your account. Google AdSense is one of the most popular ad services and it shows relevant ads to each customer, depending on his/her preferences and needs.
In a similar fashion, you can also take advantage of paid sponsorships to make a side income. You’ll eventually need a larger following and a bit of exposure to make this work, but it’s possible.
For example, if you love to run, you can obtain sponsorship from a large manufacturer of running shoes such as New Balance. You can test and promote these shoes on your website and your readers might make a purchase. This method is very similar to the one involving affiliate links, but you don’t get paid for each sale, you get compensated right from the start for promoting these products on your business website.
4. Sell a Course or Coaching Service
Continuing with the idea mentioned above about being a runner, what if you’re a fitness guru or a yoga master who can sit in difficult yoga postures with ease? In this case, you can teach others to do the same and make some money from it!
Selling online courses or coaching services can be very profitable. Once you establish yourself as an authority in your field, people might want to learn from you for a small cost. Selling courses or coaching services can help you earn several hundred or thousands of dollars per month and you do it all online, from the comfort of your own home!
Start Making Money Today!
As you can see, there are numerous opportunities to take advantage of when it comes to how to monetize a website. As long as you have motivation and dedication, you can become successful in just a few months of hard work.
If you’re brand new to blogging and want to get started on the right track, check out our article on how to create a successful blog quickly!