Once you’ve refined your content and have an audience to sell to, it’s time to monetize. While the possibilities are endless, there are four main monetization options you could start with. Next, we will mention some of the Best Ways You Can Monetize Your Blog.
1. Banner Ads
Ad networks that work with a large number of publishers who will pay you to place their advertising on your blog. Signing up is pretty straightforward, but most companies have an approval process.
Depending on the page you choose, you could receive a pay-per-click payment, a payment based on the number of visits to the blog, or some kind of combination.
Through ad networks, you are able to generate a passive income, which means you don’t have to do anything to earn it, but it depends a lot on page views.
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2. Affiliate sales
Affiliate sales, sometimes called affiliate advertising, is an ad or link to a company or product that earns a commission ONLY IF clicking that link results in a sale.
This includes links from Amazon or links to products on affiliate networks like Commission Junction, LinkShare, PepperJam, or eJunkie. Affiliate sales are a great way to promote products that you could most likely have recommended to your audience.
For example: If you blog about natural remedies and write a lot about curing diseases with essential oils, then it is normal for you to sign up as an affiliate of your favorite brand to start earning money every time people buy through your link.
If you’re not sure if the company you want to represent has an affiliate program, it’s a good idea to contact them by email or phone. It never hurts to ask.
3. Sell your products
Selling products on a blog range from original e-books or e-courses to handmade items, promotional blog merchandise, t-shirts, bags, and stickers. This is different from affiliate advertising because you would have to sell your own products instead of someone else’s.
This could also include selling or advertising services. Depending on the niche of your blog, this could include anything from organizing local classes and services (such as coupons, professional planning, or party planning) to online consulting services or virtual home decorating services.
Also, many blogs are created for the sole purpose of building a platform that can then be used to launch a career in the world of writing and speaking. Traditional publishers won’t consider a book proposal if the author hasn’t already established their authority online.
Similarly, many successful speakers start by first writing a popular blog. While becoming an author or speaker may seem like a different avenue of monetization, the reality is that books and speeches are just other types of products.
Also published on Medium.