Some of the top blogs are earning thousands and even hundreds of thousands each month with passive income. The owners are monetizing their blogs in a number of ways, and that is what we will be discussing in this article.
What you need to start a Successful Blog
You will need the following:
- The ability to write well (or find someone else that can write well for you)
- A domain name
- Web hosting
- The WordPress blogging platform (free)
You will also need to be in a niche that is popular and where you can make a difference. The more related products and services to this niche the better as you can become an affiliate and make money from them.
How to generate Passive Income from your Blog
You have a lot of options here. Here are some of the most popular blog monetization strategies for passive income:
By signing up for the Google Adsense program and placing some code on your blog, you will be able to display Google advertisements and share in the spoils when the ads are clicked on. This is easy to set up, and as long as you abide by the terms of conditions, this can make you passive income for years.
The problem is that the money that you will make per ad click will be meager. You will only make a few cents in a lot of cases. If you have a lot of traffic to your blog, then these clicks can mount up, and some blog owners are making thousands each month from Adsense.
Adsense works best if your blog posts are keyword rich (which they need to be to rank in the search engines). It will display ads that it considers are relevant to your content, and that will increase the likelihood that your readers will click on the ads.
With affiliate marketing, you will be recommending other people’s products on your blog and earning commissions when people buy products from your link. You can earn outstanding money with affiliate marketing if you do it right. Some blog owners make thousands a month from doing this.
It is all about relevance. If your blog is about making money online, then you can promote related products and services as an affiliate. For example, you can write a review about how you used XYZ product and the results that you achieved. Or how the latest ABC software tool helped you to get more traffic.
You need to be persuasive in your writing so that people will check out the products and services that you are recommending. Don’t use a lot of hype and pushy sales words but gently persuade them that the product can really solve their problems.
Selling your own Product
Why not create and sell your own products on your blog? This is a good idea because you have a captive audience that knows you, trusts you, and likes you and you get to keep all of the profit when you make a sale!
When you have a successful blog, you will have an email list of lots of subscribers (this is a must). They look forward to receiving your content, and they will be very interested in any products that you create. So go create your products!
Selling Advertising Space
When you have a high traffic website, you will get attention from a lot of places. Some of this attention will be in the form of people looking to advertise on your site. There are always people that are looking for opportunities like this, and you can negotiate your own terms here.
Usually, a banner ad of some description is required on your website. Alternatively, the advertiser may want to make a guest post and link back to their site/product at the end of the post. Either way, you can charge for this.
You can try and sell banner ad space proactively on your website, but you will need very high traffic to make this pay. If you are generating around 10,000 visitors a month, then don’t expect to make more than $100 a month from this.