There are Many Ways to Make Money Blogging
One of the biggest misconceptions that I see bloggers having about monetizing blogs is that they have to do it in one of a handful of ways. The reality is that there are many ways to make money from blogs.
Check out my other blog post https://kwerkegal.com/2019/05/30/tips-on-how-to-monetize-your-blog/ for tips as well.
Here is and list of all the ways that myself and other bloggers make money from they’re blogs.
- Advertising Income
This is where many bloggers start. In many ways, this model of making money from blogs is not different from how a magazine or newspaper sells ads. As your traffic and brand grow you’ll find advertisers will be willing to pay to get exposure to your audience.You do need decent traffic to do a direct deal with advertisers : there are ad networks (like Google AdSense) that act as a middleman and enable smaller publishers to run ads on their blogs. This is where many bloggers start ).
2. Affiliate Income
Affiliate income is when you link to a product that is for sale on another site. If someone follows your link and ends up buying that product you earn a commission on that sale.There’s more to it than that but this is another great place to start with monetizing your blog as affiliate programs are easy to sign up for and if you have an engaged audience you will find they follow the recommendations that you make on products.
While this is not something most bloggers do I have noticed an increase in the number of bloggers making money by running events.
These range from big conferences and events like the ProBlogger Conference which hosts hundreds of bloggers every year right down to smaller meet-ups for a blogger’s readers . Where money is made either through charging readers to attend or by finding a sponsor for the event.
Alternatively, online events or summits are getting more popular
4. Recurring Income
Another growing category of income that I’m seeing more and more bloggers are experimenting with is recurring income streams or membership programs.
This is where readers pay a regular recurring amount (usually on a monthly or annual basis) for access to either premium content, a community area, some kind of service, tools, coaching (or some combination of these things).
5. Promoting a Business
Many brick-and-mortar businesses indirectly make money from their blogs by using their blogs to grow their profile and direct readers to their business.
A common way that many bloggers make money is through offering services to their readers. These might be anything from coaching and consulting, to writing or copywriting, to design training or other freelance services.
While I started out making money from my blogs through advertising and affiliate promotions today my #1 source of income is through selling eBooks and courses on my blogs. These ‘virtual products’ take work to create but have been lucrative for me and many other bloggers.Products can of course take many forms and income virtual information products like eBooks or courses but also other virtual products like software, reports, etc.
The other type of product some bloggers sell is physical products. This is most common when the blogger has a business but sometimes bloggers also create merchandise (T-shirts etc) or other physical products to sell.
Other Income Streams
There are of course other forms of income that bloggers experiment with. Some include asking for donations, syndicating content to other sites, and lastly selling their blogs.
Multiple Income Streams
Most full-time bloggers make money more than one way and end up with multiple income streams. Diversifying your income in this way not only is smart and helps you spread the risk from having all your eggs in one basket but it also speeds up the journey to going full time.