If you have an idea for a blog, then you probably also have an idea for a way to monetize it. But if you haven’t thought through a variety of options, then you may be leaving money on the table.
That’s why you’ll want to check out this list of popular ways to monetize a blog…
Sell Your Own Product
This is one of the most profitable ways to monetize your blogs, as you get to keep 100% of the profits. You can sell these products directly from within your blog content, in your sidebar, and using other ads sprinkled around your blog.
TIP: You might even consider setting up a “review blog,” where you honestly review products in your niche. These tend to be high-converting blogs, as people coming to your site expect to see reviews, comparisons and other promotional material.
Sell Affiliate Products
You can sell both physical and digital products, although digital products tend to have bigger commission rates. You can sprinkle ads throughout your blog, as well as posting direct promotions, case studies and other content on your blog.
Sell Advertising Spots
If you have a highly targeted, well-trafficked blog, then you can sell ads in your content, header, footer, sidebar and/or via pop ups.
Build a Mailing List
No matter what monetization method you choose, it’s a good idea to build a mailing list. That way you can follow up with your prospects again and again to sell targeted offers.
Still another way to monetize your blog is by selling the leads you generate. You can participate in a co-registration scheme, where other marketers pay you when your visitors join their lists at the same time as they’re joining your list. Or you can build your list and then outright rent or sell the list. (Just be sure your subscribers know upfront that you’ll be selling their contact information to others.)
Install Cost-Per-Action Opportunities
One of the most popular ways to do this is by installing Google AdSense, where you get paid every time someone clicks on an ad on your site. Alternatively (or in addition), you can find other CPA opportunities on sites like MaxBounty.com.
Create a Product Out of Your Blog
Another way to monetize your blog is by taking your best blog posts and turning them into a product. This could be a lead magnet, a core offer, or even a Kindle book. You’ll make money on the front end in direct sales of the book, as well as making money on the backend through offers you include within the product.
So, which of these monetization methods is right for you? Truth is, selling your own products will almost always be more profitable than any other method mentioned. However, you can certainly combine methods, such as selling both your own products and affiliate products. And you can also certainly test out a variety of these methods to see which ones produce the most profits for your particular blog.