Blogging provides you with a unique tool to communicate. And while creating an online identity and blogging as that person or company image can be great fun, it can also be profitable. (And making money is certainly fun!)
Here are just a few ways you can monetize your blog:
Advertising Revenue. Whether you choose to sell ad space on your blog (and a blog with high traffic numbers will definitely be able to capitalize on this) you can also participate in AdSense or other PPC campaigns and make money from clicks.
Affiliate Revenue. Blog owners can publish affiliate banner ads, text ads and of course you can write great content with internal affiliate links to generate an additional revenue stream. In fact, many affiliate marketers use their blogs to do this exact thing.
You can also consider setting up niche-specific blogs for different content areas. For example, it’s difficult to promote a toddler-related affiliate product on the same blog where you’re discussing forex trading systems. So don’t be afraid to create multiple blogs for multiple purposes.
Product Promotion. Finally, though certainly not the least of all, you can promote your own products or services on your blog. Just remember to keep it balanced. About 80% of your blog content should be valuable information and about 20% of it can be promotional.
Stand alone blogs can generate tremendous profits; they don’t need to be part of a bigger business that is selling products or services. The most important part of building a profitable blog is to Get Started!
Thanks again. I got some answers and a new question. Do you need a new domain name and the whole process to set up another blog. That could cost a little. I have just signed up for the Online Success Incubator so I’m sure I’ll find the answer there. Very excited to get started.
I’m all for more posts like this one, Jeanette.
I appreciate concrete, concise information that zeroes right in to the heart of the matter.
And I’ll agree with you. Making money is FUN! 🙂
Melanie
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Jeanette-
Thank you for this informative blog post on how one can have fun and also generate revenue with a blog. Great tip on creating multiple site for different niches.
Jane
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