Ways to Make Money With Blogs…
While there are a myriad of ways to profit from blogs, there are essentially three ways to make money blogging.
- Sell Ads
- Create Your Own Product
- Sell Affiliate Products
Selling Ads. Selling ads is a passive means to create blog profits. This includes everything from Google Adsense to ad placement from individual or corporate entities who pay you to place their ads on your blog. Which ever method of “AD” monetization utilized, they all require massive traffic in order to make them work.
With most Adsense campaigns, you are only going to earn pennies per click. Getting loads of traffic is the key to making money with this method. Despite themes optimized for Adsense or all the tricks you may have heard or read, it all comes down to driving traffic to your Adsense pages. No traffic, no clicks. In the boom days of Adsense, marketers created thousands of pages (mostly junk) and slapped Adsense ads on them. Things have changed a lot since then. We’ll discuss Adsense in detail later when we look at monetization.
Another popular service is Chitika Contextual Ads.
Another method of monetizing with ads is to charge a fee to businesses who want to advertise their company or products on your blog. Typically, this only works when your blog is an authority site and generates massive daily traffic. In essence, your site becomes a “bill-board” of sorts for advertisers.
Create Your Own Product. By far, creating your own product has the potential for huge profits. You can recruit affiliates to promote your product or promote it all by yourself. Either way, you have a greater degree of control. On the other hand, it generally takes weeks or months to create a product, test it in the marketplace, create marketing materials, hire a copywriter, set up support services, etc., and launch the product to the world. While the profit potential is high, most people are not ready, at least initially to create their own product.
Sell Other Peoples Stuff. Otherwise known as Affiliate Marketing. Essentially you are an independent contractor who is paid a commission when someone makes a purchase through your affiliate link. You are responsible for marketing the product to buyers. The better you are able to do this, the more money you make. The beauty is, you do not have to stock inventory, there is no customer service worries and you do not have to create a product.
Clickbank, PaydotCom, and Amazon are examples of major Affiliate Marketing sites where you can simply sign-up and begin marketing products. Clickbank and PayDotcom sell digital products almost exclusively.
Amazon, and sites like Commission Junction (Cost Per Action marketing) sell physical products.
Blog Flipping. While not a monetization strategy per se, Blog Flipping is a credible method of profiting from blogs. With this method, you create niche blogs with the purpose of selling them in the future. The tactic is to build the blog, build up the blog traffic, monetize the blog and then sell it as a ready made profit center that can be further developed by the blog purchaser.
These methods and others will be covered later when we discuss monetization.
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