If you have a blog, then you instantly have access to a new stream of income. Times are tough, so it makes sense to explore new ways of making money from your blog. If you don’t have the time or resources to start a home business, blogging is probably the next best thing. Now that’s a sentence I don’t think any of us would expect to see a few years ago!
Before we look at the three tactics of making money, you have to recognise one key thing. A blog will only make money with an audience. You need to attract a regular audience to your blog posts if you want any of the following ideas to be successful. The larger the audience, the more money you will make.
So, let’s look at the top three ideas you can employ:
Online ads are everywhere, and they’re a big way of making money from blogs. It’s fairly easy to set up ads on your blog, and you don’t really have to do anything afterwards. That’s what makes ads a great revenue source – it’s effortless money. Just post regularly, drive traffic to your site, and you will typically get paid every time someone clicks on an advert. The amount you receive depends on the ad, and it’s all a bit complicated. Effectively, businesses are paying for the ad space on your site, so you split the money with the advertising agency you’ve chosen – most people opt for Google.
Treat your blog like a news website and offer paid subscriptions for your viewers. Here, people will pay a monthly fee to get access to all of your wonderful content. The trick with this idea is to withhold your free content. You can still provide free posts that everyone can read, but save the best stuff for your subscribers. It’s even possible to set up a payment system where you can receive direct debits, basically ensuring you get money every month from subscribers. The paid content has to be top-tier or else nobody will subscribe. It’s not always guaranteed to bring lots of money, but if you do this right it can be a big money-maker.
Affiliate marketing is kind of a more direct way of advertising on your blog. Here, the adverts are within your posts as you promote a certain product or service. There are lots of affiliate networks you can be part of, which will allow you to promote various things. From here, the general rule is that you get a percentage commission whenever someone buys something after clicking on your affiliate link. This is the link you use to direct people towards the target website. The key to affiliate marketing is to advertise things that relate to your brand and that you actually trust. This makes it easier to form posts around the products, ensuring your audience gets great content as well as an ad.
Just like that, you’ve got three different ways of making money from your blog. Here’s the best bit, you can use all three ideas at the same time. This maximises revenue and helps you make more money during a time where every little helps.