While many people start blogs just for fun, all of the time and effort put into the hobby can actually generate money if the right methods are implemented. In fact, if done right, bloggers can potentially earn a living off blogs alone. To help get you started, here are blogging tips on how to generate a monthly income with your blog:
Paid advertisements are excellent for generating a passive income on your blog. However, they will not benefit you right away, so you will need to spend time and effort to grow your income. While ad networks will not be the quickest way to earn money, you will eventually make a steady income if your traffic becomes more consistent.
Two popular types of add networks include:
1. CPC ad networks
Cost-per-click ad networks are particularly popular with blogs. When using a CPC ad network such as Google Adsense, relevant ads will be placed next to your content based on what the content contains.
CPC ad networks are particularly useful because they provide relevant products that your readers may find interesting. For example, if you write an article about fish aquariums, the ads may display fish aquariums that are available for purchase. Once a visitor clicks through the ad, you will earn money.
2. CPM ad networks
Cost-per-impression (or cost-per-thousand-impressions) ad networks seem to work well when used with Google Adsense. With CPM networks, companies pay bloggers or webmasters to promote their products and services, and the income generated is based on every 1,000 impressions.
When using CPM ad networks, be sure to thoroughly read the terms and services for each one. I recommend doing this since some networks will not allow you to use any other type of ad network in conjunction, such as CPC ad networks.
You can additionally use direct ad sales in order to encourage advertisers to buy ad space on your blog. With this method, you will have the most control over exactly what is displayed on your blog for your viewers to see. You will also have more control over the cost.
Sell Affiliate Products
While ad networks take time to generate income, you can make money more quickly by selling affiliate products. What this means is that you will sell a product for someone else and receive commission. Since the commission rate varies between affiliate programs, you will need to do your research to find the best for you.
Some of the most popular affiliate programs include:
- Amazon Affiliate Program
- Commission Junction
When selling affiliate products to your followers, make sure that they are of the highest quality. If you accidentally sell harmful products to your audience, you will quickly destroy your reputation. That is why I’m a firm believer of only promoting products that you believe in and have actually used yourself.
Create and Your Own Products
If you don’t want to simply earn a commission, you can switch to creating and selling your own products on your blog. I know the thought can be pretty alarming, but it really is one of the very best ways to earn a monthly income on your blog. Creating your own products can be pretty quick and easy, too, and includes:
- White papers
- Instructional videos
- Podcasts and audiobooks
- Physical products
The best thing about creating and selling your own products is that you can actually hire affiliates to sell for you as well. While you may not get the full amount, you will be able to sit back and relax while others do the hard part of getting your product out there. However, you will need to set guidelines to ensure brand integrity.
Sell Guest Post Space
While everyone knows that guest posts are beneficial for helping you rank when you post elsewhere, you can make money off your blog by having people post to your blog as well. By charging for guest post space, you can make money while also effortlessly generating more content for your blog. However, make sure to only accept high quality content that is relevant to your audience’s interests.
With these blogging tips on how to generate a monthly income with your blog, you will be able to make money doing what you love most.