Now you have set up your blog and traffic is coming your way, you’re ready to start monetizing your blog.
You must have seen or heard about people who make a lot of money from blogs. Some people aren’t even afraid to show it off to their readers. Here are a couple of folks who do extremely well with blogging:
- Pat Flynn from SmartPassiveIncome.com makes around $80,000 per month (he started his blog 5-6 years ago, though).
- Lindsay from PinchOfYum.com makes around $20,000 per month (she started her blog in 2010).
- Regina from ByRegina.com makes around $7,000 per month.
Here are six more excellent ways you can monetize your blog:
1) Where do you be SignUp to Start Affiliate Marketing
Affiliate marketing is a type of performance-based marketing. As the blogger, you include links to a product or service offered through business’s affiliate program. If one of your visitors clicks on that link and purchases the good or service, you’ll receive a cut of the cost.
That’s how I monetize my blog here at Lyf Passive Income Success.
If you choose to join an affiliate program, it’s always a great idea to:
- Only promote products relevant to your niche.
- Only promote products you’ve personally used and recommend.
- Include a disclaimer on your site as to not mislead your readers (like I do here).
So how do you get involved in affiliate marketing? You can start by joining a popular program such as:
But you don’t have to stick with just the big-name programs. Businesses can also set up their own programs for a single product or a small group of products, and you can become one of their affiliates. For instance, a fellow blogger might offer an affiliate program for eBooks or eCourses in your niche, which would be a great opportunity for you since it’s highly relevant to your readers.
How much can you make through affiliate links? Melissa Culbertson of Blog Clarity points out just two examples of a mommy blogger and decorative concrete blogger who make $20,000 and $32,000 per year respectively, and that’s with minimal visitors.
You can also sign up directly at the merchant site (look for “affiliates” which I usually find at the bottom of their web page). Most merchant links will redirect you to whichever affiliate company they use anyway.
When you’re signing up for these, have this info on hand:
- Your social security number (some won’t ask this right away but you’ll eventually have to submit a W-9 to get paid)
- Name of your blog/URL
- Description of your blog, how many unique visits you have, customer demographics (again, depth of what they ask will vary)
2) Google AdSense
Some people create a self-hosted blog solely for ads and Google AdSense is one of the most popular ad networks around. Simply put, you make money by displaying ads on your site. There are two ways to start earning cash from Google AdSense:
- Based on impressions: This depends on page views. For instance, for every 1,000 page views you get, you earn a set dollar amount.
- Based on clicks: Regardless of page views, if a visitor clicks on the ad from your site, you’ll earn a certain cut of the ad revenue. This can range anywhere from $0.01 to a couple of dollars depending on the ad.
AdSense is compatible with free Blogger blogs and self-hosted WordPress blogs, but keep in mind that it won’t work with a free WordPress blog (although you can monetize with WordAds if you have a custom domain).
How much can you make with AdSense? Well, that all depends on your traffic and how many people are willing to click on your ads. (Remember that you should never click on your own ads since Google can penalize you for it.) Pat Flynn of Smart Passive Income has reported earning upwards of $3,000 per month on AdSense revenue alone, but other bloggers like Spencer Haws of Niche Pursuits have reported earnings well over $10,000 per month.