Saturday, 13 August 2016

The Best Ways To Make Money Blogging And What To Avoid

Yeah, we always try to imagine if its possible to make money blogging?

One can spend a lot of time changing blog designs, sorting out inevitable tech issues, writing and producing compelling content, growing traffic and lots more just to make some money off the blog. While blogging is often considered a hobby, the truth is that it takes as much time as a full-time job. And I bet you wouldn’t mind getting paid even a little, just like the full time job.

So, from this thought, comes blog monetization.
Wait!!! Before going too fast, you should always focus on publishing AWESOME content and building an AUDIENCE prior to implementing any monetization strategies if you want to make a decent income from your blog. I said so because; someone who has just 6 posts (usually copied) and gets 3-6 pageviews per day may think that he can start making millions if he monetize the blog at that point.

So, I’ll be showing you the top blog monetization strategies, which bloggers (including me) in any niche and of any size can start using on their blogs when they are sure that they can convert their audience visits to money. Note that these are also the exact strategies I have personally tested on my blogs and I won’t be sharing it if I haven’t tried it out. If you really need to monetize your blog and start earning for time spent online, then you need to use some or all of these strategies.

The top greatest strategies to make money blogging include:


1. Affiliate Marketing: I personally vouch for affiliate marketing. This is like the easiest and should also be the first you can try out. For those unfamiliar with the term, affiliate marketing is a performance-based marketing where you earn a fixed commission for referring a visitor or a customer to another company or website.

In affiliate marketing, you recommend a product or service to your readers, they click to the website and make a purchase and you receive a commission in return. Sometimes, purchase must not be made; it could only require a sign up or a subscription.

When you sign up to become an affiliate, you receive a special link with tracking, which you can use to link to the affiliate products or services. Commission rates vary drastically from as low as 2-3% to 50% and more. Some programs also offer a fixed rate per sale, so make sure you read the terms carefully before applying.



Well, there are some obvious things about affiliate marketing. Here, your income is stable (mostly). Sure, you will have to invest time in creating a prolific affiliate post (I am making a post on this), making it rank in the search engines for relevant keywords and building traffic using proven methods. However, this post will continue to bring you income over a long time span without any further investment. Another thing is that you need to have a huge fan base before you can start getting something huge; unless you will take up advertizing. Also, you can get a very high, recurring payoff. Depending on the affiliate program and product you choose and the traffic your post will get, you can easily earn a huge sum of money per month.

To get started with affiliate marketing, you need a blog obviously, some cool traffic and an existing readership wouldn’t mind either. Yet the most important ingredient is a winning affiliate copy, which results into high profits. Here’s how a lot of people tackle affiliate marketing (and complain about meager results afterwards):
They write a general blog post, mention any sort of products, use affiliate links to link to it and hope that the readers will feel super-excited and click to buy the recommended goodies (thumbs down).

Well, unless you have a gazillion fans like Rihanna, who go nuts over each thing you say, wear or recommend, your affiliate earnings will be rather scarce. Why do you think people will decide to buy a product they have just heard of at your blog?

Here’s how to be a smarter affiliate marketer:

a. Choose a winning post format. For blogs these tend to be tutorials, reviews and very detailed guides.

For instance:
Here are some post titles and what you can try.
“How to Find Keywords Your Competitors Have No Idea about.” For Online Marketing Bloggers, you can mention paid keyword research and SEO tools in such a post.
“How to Lose 20 Pounds in Three Weeks with [Product Name] Supplements.” For Weight Loss Bloggers you can mention supplement products.
“How I Saved $XXX in One Month” For Personal Finance Bloggers you can state the product name, give a review and mention money management tools and courses.

b. Research the keywords. To make your affiliate income truly stable and recurring, you need to make your post rank for related keywords. Target long tail, low competition keywords and optimize your copy well to achieve better results.

c. Promote your post on social media and via outreach to drive even more traffic, earn links and start getting cash before the post starts performing well in search.

Now, here are top affiliate networks that are worth checking out:


Even individual affiliate programs offered by people, groups or companies (just check your favorite products and search if they have a referral/affiliate program).
Bloggers selling digital products.
Etc

2. Create and Sell an E-book:

Trust me; E-books are another great way to earn recurring stable income from your blog.

You may be thinking if you still stand a chance to earn a hefty sum with a paid product/e-book when there are tons of amazing, valuable books out there available for free or as email sign-up baits?
Of course you can still make it! The secret is to create a product people would love to pay for. 

Here’s how:

1. Choosing a profitable topic. Don’t just write a book you think your audience needs; write about what they want to know.

Tap into Google Analytics and check your most popular blog posts up to date. Scan the comment section. Do you see any common questions people ask? Do you feel like there’s something missing in that post, which you could additionally cover in your e-book?

Run a quick survey on social media or via email and ask you readers to name the problems they currently struggle with or test-drive a few potential topics.

Alternatively you can go online to forums like nairaland or sub-reddits in your niche and seek for common questions and rants. For instance, a lot of people get puppies, but have no idea how to toilet train them. You are a dog expert. You can spill all the pro secrets in an e-book and sell it to the struggling puppy parents. Someone else may have a problem handling some issues, you can write down step by step process that such problem can be handled.

b. Think like a publisher.  Draft your book sales page early on. Make it sound irresistibly attractive and radiating usefulness. Having a sales pitch prior to finishing a book will surely steer your writing in the right direction.

c. Brainstorm multiple titles (at least 4-5) and offer your readers to choose the best one.

d. Avoid front page DIY (do it yourself) design. Unless you are very good with Photoshop, it’s better to pay a pro to create the front page design. While they may say “don’t judge a book by its cover,” your product will be judged by the cover as well. Don’t look amateurish while trying to do everything yourself.

e. Your book will not promote itself. Your job isn’t done once you upload and hit “publish” on Amazon or whichever platform you’ve chosen to use. To make your e-book profitable you need to drive as much traffic as possible during the launch.

You can consider the following:

Get a few affiliates on board to promote your product.
Send out free copies to a few bloggers in your niche in exchange for reviews.
Offer one-day free Kindle download in exchange for reviews from your newsletter and blog fans.

3. Create and Launch Other Digital Products like E-Courses, Workshops, Membership Websites:

The best way to create a reliable income stream from your blog is to launch a personal info product. In fact, e-courses are the top money makers for six-figure bloggers. The particular appeal of online courses is that you can reap a good profit even if your audience is relatively small (e.g. just 200 email subscribers). The key here is to choose a great, valuable topic and craft a compelling, practical course that teaches a very specific skill. E-courses can take various shapes and forms – email courses, video lectures and workshops, text-only courses and so on. Just know what you feel people will love to tap into and teach it. 
Be creative!
Ok, the above are top strategies for those whose audience is far from small. You should have an existing audience to yield the top results from those strategies.
Next, I will drop top strategies for making money blogging even with little traffic or audience.
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About Me

Model, Computer Techie, PR, Social Media Marketer, App Developer, Freelancer, Blogger! . . . Oh, I forgot to add Social Worker! Plus, I like writing my thoughts down! . . AND . . I LOVE making new FRIENDS! . . . Contact me on social media -- Rosy Omeje

2 comments:

  1. Affliate Marketing is really one of it's kind. Vogue Pay, Whogohost and others make the list too.

    Knowledge shared is pleasant.
    Thanks for sharing Miss Rosy.

    ReplyDelete

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