No one hates the 8-5 grind more than bloggers. Flexibility is our thing and time freedom is what we live for. We get out of bed anytime we want and face the computer to start our so-called work — with coffee in the mixture — and boom, you get paid.
While you probably know a thing or two on how to make money through a website, or by simply blogging, there are still other different ways to monetize online such as:
1. Affiliate marketing
This is perhaps every blogger’s favourite in making money through their blogs or website. Affiliate marketing is recommending somebody else’s product or service on your website. How will you get paid? It is through commission for every successful sale that comes from your affiliate link. The commission is between 30% to 70% of the price of the product or service.
Online marketplaces like ClickBank, ShareASale and Commission Junction, to name a few, are where you can find products or services to promote. A little tip though, choose what you will promote smartly. Settle for those that are of high-quality and is worth the customer’s money. It will take you a long way.
2. Pay per click advertising
What’s cooler than being paid for every visitor’s click on your website? Pay per click (PPC) advertising has been giving bloggers opportunities to earn by signing up to a provider for ads to be placed on their website.
However, the profit you get depends on the traffic of your website. The higher the traffic, the higher is the income, considering that only a few will click on the ads.
Additionally, the click-through rates (CTR) for every visit depends on how you strategically placed your ads. If you put them on pages that have more value than other pages, the higher is the chance that your visitors will click on them. Take note though that PPC is also about relevance. You can’t expect people to click on some financial-related ads when your website or blog talks about fashion.
Check out Google Adsense, Clicksor, Chitika or BidVertiser to get your PPC adverts.
3. Sponsored posts and articles
Webmasters who have a good amount and consistent monthly traffic leverage on this. If you too have a huge online following and visitors, you can offer advertisers to write sponsored posts and articles for your site. This will be a win-win situation for both of you. They get exposure for their product or service through your website while you get that extra cash or something you have agreed on.
You must however be careful with who you will allow for sponsored posts. It is always better to accept those that are relevant to your niche to avoid trust issues and confusion from your visitors.
4. Banner ads
This is the way to go if you don’t want Google AdSense on your website. Banner ads, those small rectangular ads that appear on web pages, is one of the easy ways to monetize your blog. You can charge advertisers depending on the banner space they will rent and still have the option where to place their ads on your website. Directly contacting big brands related to your niche is a strategy you can do for advertisement. The profit you get from this depends on the traffic your website has because most advertisers choose high ranking website for their ads.
5. Email marketing
Bloggers who have more email subscribers are believed to earn more from their website. Thus, it only makes sense that you start building list of email subscribers even if you are just starting your website.
Email marketing is powerful in the sense that you get the chance to send your message directly to your target market, allowing you to better promote your products or services, or those that you recommend through affiliate marketing, and monetize eventually.
6. Blog services
Whether you are good in writing, theme creation or whatever skill you have, you can always sell it. Businesses and even fellow bloggers are always looking for freelancers that can provide them services. With the right exposure, you can get clients that will pay you a good amount of money for a quality service. Check out online hub for freelancers to get your customers.
7. Product reviews
Businesses want a good online exposure for their product or service. You can maximise this by writing product reviews and posting it on your website and you will get paid in return. For the record, websites with good traffic are making between $100 to $500 a month for just 3 product reviews. Imagine how much you can get if you’ll take this seriously.
8. Sell your own product
If you can sell and recommend somebody else’s product, why not do it for yourself too? The key here is assessing what you can truly offer. What are you interested in? Where are you good at? Take this for instance: if you are good in writing and can create e-books, you can sell them on your website and even in major online marketplaces.
The good thing about selling your products on the web is you don’t need to worry about having a physical shop, you just need to have it online and introduce it to the world.
9. Launch your own marketplace
Your website is visible in major search engines, you have a huge traffic, online users are following your blog, now what’s next? Monetize. Aside from what we mention above, you can launch your own online marketplace or classifieds to make money from your site. You just need to allow people to post and advertise their products or services. Once everything is falling into place, you can start charging advertisers for their ads.
Making money shouldn’t be that hard especially if you are living the life of a blogger. While you probably started it as a hobby, it’s about time you turn the table and make some serious cash. Don’t waste your website for nothing especially if it is a potential hit and can really amass traffic from online users. So, why not get back to work now and start monetizing your blog? It isn’t that far-fetched after all. Happy money-making!