Starting a blog is only the first step towards creating a regular income stream. Blogging is the most common form of passive income for people who have a consistent online presence. Ideally, every blogger should regularly optimize their content to rank higher on the search engines. This means you’ll have more unique visitors per month, which is important if your final goal is monetization.
Why monetize and when to monetize your blog with adsense
Many well-established bloggers who rack up unique visits in the tens of thousands per month don’t need dull nine-to-five office jobs. This is one of the major reasons why people start blogging. They seek to turn their blog into the main income stream as it gradually grows and gathers a substantial amount of monthly visitors.
You don’t need to have tens of thousands of monthly visitors or a long email list to start monetizing your blog. No one expects a new blog to have that many visits right out of the bat. Your first goal should be to generate steady traffic of a thousand monthly visitors. After that, you can think of monetizing your blog.
Once your traffic is steady in the few thousand range, use these simple ways of blog monetization.
Write e-books
Selling short e-books on Amazon Kindle is one of the most popular ways for bloggers to generate regular passive income. The best aspect of self-publishing on Amazon is that it is already a globally trusted brand with a huge customer base.
All you have to do is write quality material, and Amazon will handle the rest. Choose an area of your interest, which you feel you can write about with enough expertise that turns people’s curiosity into readership.
Start freelance blogging
If you are already writing about a specific niche for your blog, it’s only natural that you would have the required knowledge on that niche. Businesses are always on the lookout for bloggers who can write for their own websites. Use your blog to advertise your freelance blogging services and market yourself in a way that makes businesses want to reach out to you.
Your blog doesn’t need to make gigantic traffic; as long as you can write good quality optimized content, you’re good to go.
Sell an online course
There truly is no limit to what you can sell online. A common misconception about selling online courses is that most bloggers believe they need to be experts in a particular niche. They don’t. All you need is more knowledge on the topic than the ones you’re going to sell the course to.
You wouldn’t believe how many people are open to learning new skills and if you can help them, it’s a win-win for both. An online course can be about anything from cooking to financial planning. If you think you have ample knowledge on a particular topic or if you’re ready to learn a skill to teach others, starting designing an online course ASAP.
Start affiliate marketing
Bloggers use affiliate marketing side hustle as one of the most common ways to make money online. The affiliate marketing industry is one of the largest online revenue sources. As an affiliate marketer, you will have to promote a company’s products on your blog.
The target is to turn visitor clicks into sales for the company.
Once a company makes a sale using your affiliate link, you will receive some commission for the same. This is a very lucrative way of making money from your blog. All you need to do is choose companies and products from your niche and market them in a way that doesn’t seem pushy. Bloggers tend to have a loyal audience, so regular visitors would feel inclined to try a product that you swear by.
Become an online coach
There will always be some blog readers who would want something more than a regular online course. Coaching comes as a follow-up step to e-books and selling an online course. You can choose to coach or offer counseling as an extension of your online course.
As a result, people who liked your online course would also be interested in receiving a more detailed and personalized session. Since you’re offering customized guidance on a topic you’re already familiar with, coaching becomes easier and more profitable. Coaching sessions also cost more than regular online courses, and so it would mean more income for you.
Write sponsored posts or product reviews
To create an income by writing sponsored posts or product reviews, your blog would have to have a considerable online presence, audience trust, and credibility. Since companies pay a fee to have their products sponsored, they generally look for well-established blogs with a large fan base. You wouldn’t be able to start receiving sponsorships as a new blog, but it would be possible once you create a regular readership.
To make this happen, you have to work towards generating regular traffic and creating credible content.
Use Google AdSense
Many blogs use the Google AdSense feature as their primary source of passive income. If your blog generates enough traffic, your ads will also be more likely to create a larger income. How your blog performs in terms of monthly visits has a direct effect on the level of income created through smart ad placement.
Bloggers can gain a set amount through impressions for every thousand views or so. On the other hand, revenue can also be generated through ad clicks. If a visitor clicks on an ad on your page, you will receive a small cut of the ad revenue.
In conclusion, blogging is one of the most popular ways of generating revenue online. Even a well-established small-time blog can create considerable income if used wisely. All it depends on is how you use your discretion to make the best of all the features available. It is a trial and error, but once you gain the hang of using blogging strategies to their fullest extent, you will have a successfully monetized blog.