After completing all the necessary steps to establish a professional blog, you can now commence its expansion.
This article is entirely focused on satisfying your desire to witness a significant influx of money.
Before we commence, here is some essential information regarding blog monetization that you should be aware of.
In order to start seeing results, it is necessary to have time, consistency, and patience.
The sole difference lies in the thinking process, step by step, between individuals who achieve success in the blogging sphere and those who do not.
If you are willing to invest your time and effort, you will witness great results.
In this article, you will discover various approaches to initiate earning income from blogging.
After conducting surveys and testing, we have identified various methods for bloggers to earn money. The following 8 strategies can assist you in initiating your earnings with minimal investment.
How Much Money Can You Make From Blogging?
There are no limits to the amount of money you can earn from blogging. In your first year of blogging, it is possible to make a few thousand dollars effortlessly.
According to numerous income reports, it is not uncommon for successful bloggers to earn an annual income of over $100,000 solely from blogging. Glassdoor further states that the average monthly income of bloggers is $51,906 per year on average.
If you are committed to blogging, you might even surpass these figures.
8 Best Ways to Make Money From Blogging
Advertising
The most apparent approach to generate income through blogging is by utilizing advertising. Advertisers compensate bloggers with a few cents per click on an ad, or they may offer a predetermined rate for every 1,000 page views.
AdSense, offered by Google, is widely recognized as the most popular advertising program, enabling the placement of contextual ads on your website. Registering for AdSense is open to all, irrespective of website traffic levels.
If you have a large readership or are well-known, you can directly contact advertisers. Alternatively, AdBrite, AdGenta, and BidVertiser can assist you in displaying ads on your blog.
Acquiring advertisements for your website is simple, yet making profits from them is challenging. A monthly visitor count in the thousands is necessary to achieve that.
Affiliate programs
Affiliate programs share similarities with advertising, as they involve placing banner or text ads on your website, as well as incorporating affiliate links within blog posts.
You have the potential to earn money when a visitor clicks on an affiliate link, although typically they need to make a purchase for you to receive payment. Generating income from affiliate programs can be challenging, but the potential rewards are higher. You may earn a commission of 10% or even more for each sale. Amazon was the first to introduce the affiliate program, so consider checking if your preferred retailers offer such programs. Alternatively, you can explore programs through Commission Junction, LinkShare, or ClickBank.
Sponsorship
It is possible for you to secure a corporate sponsorship, which operates similarly to an advertising agreement, but with the condition that your entire website displays the company’s branding.
When you have a sponsorship, there are certain concessions you need to make. For instance, it is possible that you will be prohibited from mentioning the products and services of your rivals.
Obtaining a sponsorship is likely to be just as challenging as securing a paid position. Furthermore, it is important to establish a reputation before seeking sponsorship.
Pay-per-post
Companies are willing to compensate individuals for writing about their products and services. The amount of payment you receive will differ based on the website you operate, with traffic being a significant determinant.
Before being able to participate in pay-per-post programs, there is a possibility that you will be required to engage in blogging activities for an extended period of time, like a month or more. Additionally, some programs might demand a certain quantity of posts or a particular amount of site visitors as prerequisites.
It is advisable to exercise caution when considering pay-per-post programs. It is necessary to clearly distinguish paid posts for ethical reasons, as some programs may mandate it. However, it is important to acknowledge that this may discourage certain readers.
Pay-per-post programs offer generous payments. Certain programs even offer up to $1,000 per post! However, it is more realistic to anticipate earning a lower amount, typically ranging from $10 to $20 per post.
PayPerPost, SponsoredReviews, and Blogvertise provide programs where one gets paid for each post.
Sell Digital Products With WordPress
If you want to increase your blog income, consider selling digital products, which can encompass anything that is accessible and used online.
It could be any type of product, such as a SaaS product, eBook, template for presentation, online course, or any other product.
When you blog and your articles start ranking, you have already overcome one of the major challenges that digital products usually encounter, which is traffic.
Selling digital products can be effortlessly accomplished by utilizing a plugin.
We suggest choosing the Easy Digital Downloads (EDD) plugin, which is specifically designed for selling digital products and is known for its user-friendly interface. For a detailed explanation on how to utilize EDD, please refer to this comprehensive guide.
After setting up the EDD plugin, you will be prepared to sell digital products.
Employment
Blogs play an increasingly vital role in businesses’ operations as they provide a means to engage with customers. Companies frequently utilize blogs as a tool to connect with their target audience. Consequently, there may be opportunities for individuals to secure paid positions as bloggers within companies. However, such a role requires a significant level of commitment and devotion.
To convince companies to hire you, it is necessary for you to engage in blogging for a considerable period of time. It is crucial that your blog posts demonstrate an impeccable level of grammar, accuracy, and a pleasant tone.
If you establish a reputation, businesses may be interested in contacting you. However, it is likely that you will have to initiate contact with potential clients. Handle it similarly to how you would approach a job search.
Sell Physical Products Online Using WordPress
The current size of the retail industry amounts to $4.8 trillion and is expected to increase to $5.4 trillion in the near future. Consequently, being a part of this market presents significant opportunities.
If you are able to write a blog about physical products, then you can also consider the idea of sourcing and selling them on your own website. It’s a straightforward calculation: by becoming an Amazon affiliate, you will receive a revenue share of 9% or even lower.
When you sell your own products, you receive the entire profit as opposed to selling other products.
Currently, sourcing products has become quite effortless. Local wholesale establishments or online platforms such as Alibaba offer a wide range of products that are readily available. By purchasing products in large quantities at a reduced price, you can subsequently sell them at a higher price within your store.
To make a blog into an eCommerce website, all you need to do is install the WooCommerce plugin in WordPress. This will add the necessary eCommerce functionality.
Create a Paid Membership Website
If you possess an email list, you have the ability to establish a specialized forum on your website for your audience to gather and interact, much like Reddit.
When you begin your blogging journey, establishing a community can serve as a potent means of promoting your work.
If the content is of value, individuals will be willing to pay for admission to participate in the forum. Forums are an excellent platform for interaction, and individuals can also assist one another.
