It is possible to make money with your blog in 2020.
Many people are doing it and making in excess of $1 million a month. If they can do it, then so can you. There are so many ways to make money blogging and in this section, we will highlight some of them.
#1: Selling Online Courses
You can create and develop online training and market it as your main revenue stream.
In recent years, this has become a common way of making money off blogging.
If you have a skill that others can benefit from, you can share your expertise by teaching others through a course that they can access at a price.
The truth is that you don’t have to be a genius to come up with an online course. But you do have to have some level of skill that you can market.
These days, creating a course is as easy as shooting a series of videos on a topic. These videos need to be packed with valuable information on the topic you’ve chosen. That’s the only way that your audience will even give you the time of day.
How To Create an Online Course
Before you start creating a course, you first need to develop a profitable idea. To do this, you have to identify what your audience needs. This is the key to creating a successful online course.
Remember, there’s no point in creating a course that nobody wants to buy. That’s why you need to consult your audience first.
To create something that is in high demand, you need to ask yourself the following questions;
- Are people interested in it?
- Is there a gap that it can fill?
- Are people asking questions about it?
To validate a course idea, you can create a survey and ask your audience to fill it. With this, you’ll have a better idea of the kind of course that would benefit them.
After doing this, you can now start creating a course outline. Gather the information that you want to include in your course and divide it into sections.
With your outline, you have a natural progression of things so your students don’t get confused along the way.
At this point, you need to do a beta test to see how your selected audience responds to your course. This will help you to determine what needs to be changed.
We will soon be creating our free guide on ‘How To Create an Online Course’ and we will go into detail. But for now, this is just to give you an idea of what the process entails.
#2: Sell an eBook
This is another digital product that you can use to make money on your blog. You can use your blog to advertise your eBook or as a platform to promote it.
Similar to creating a course, you need to listen to your audience. Find out what they are most interested in and create an eBook about it.
Alternatively, create an eBook that solves a problem that your audience is facing.
Writing an eBook is not as hard as it seems. It’s actually quite simple and you can use free tools like Canva to design it and make it more attractive.
However, if you do not have the time to sit down and write an eBook, you have the option of outsourcing it to freelancers on Fiverr and Upwork.
Obviously, the second option is not free but the good thing is you’ll be making good money in eBook sales for something that took you next to zero effort to achieve.
#3: Affiliate Marketing
Affiliate marketing is one of the best ways to supercharge your blog revenue.
There is no shortage of affiliate marketing programs to make money from as a blogger. We have:
- Amazon Associates
- Shopify and many more
For affiliate marketing to be successful on your blog, you must first have a good amount of traffic.
Remember, people who read your blog are the ones who will click on your affiliate link and make a purchase based on your recommendations.
When starting with affiliate marketing, it is recommended that you focus on a few affiliate programs that you’re confident with. Afterward, you can broaden your horizons.
Also, don’t recommend something to your audience unless you have absolute faith in it. The product should be something that has been proven to work.
As a blogger, the best affiliate programs for you should revolve around Web Hosting. You should also choose an affiliate product that aligns with the niche that you’re in.
If you’re in the Health and Nutrition niche, you should choose a product like supplements or fitness routines that are all related to your niche.
#4: Google Adsense
This is probably the most popular way to make money with your blog especially among beginners
For those who are new to Google Adsense, here is a brief explanation.
Google Adsense is an advertising program owned by Google that allows publishers to put Google sponsored ads on their websites or blogs. As a blogger, you make money once someone clicks on those ads
There are both advantages and disadvantages to using Google Adsense to make money on your blog.
Let’s start with the advantages. The most obvious advantage is that you’ll be getting paid for practically zero effort. Once someone clicks on the ad you get paid; it’s as easy as that!
The disadvantage of using this method to monetize your blog is that it doesn’t pay much. In fact, it pays peanuts compared to the other money-making methods listed in this section.
Another disadvantage is that you’ll be under the control of Google. What this means is that you’ll have no say on the types of ads you want to be displayed on your blog.
There are other platforms other than Google Adsense that offer blog ads. Here are our top picks
- Propeller ads
- Carbon ads
This includes things like offering Consultation Services to clients based on your expertise, Designing websites, Coaching/Training, Content creation and Editing, the list is endless.
Most blogs or websites these days include a hire me section where they advertise the services they offer. That’s where interested clients will go to discover what you can do for them and if they’re satisfied with what they see, they’ll contact you for more details.
The downside to this method is that it may not happen immediately. If you’re a new site, it will take time to build trust with your audience.
Instead of waiting for clients to come to you, send a cold pitch to ask for an opportunity.
Some clients will outright deny your request and you might never hear back from them. However, others will listen to your pitch and will give you a chance to prove yourself.
With this method, you have to over-deliver on your promises. Let the clients see the value of your work because this is the only way they’ll come back for more and even give you referrals.
#6: Sponsored Blog Content
This is an agreement between a blogger and a company where the blogger agrees to write content related to the company in exchange for a specified amount of money.
So many bloggers are using this method of monetization because it has been proven to be quite effective.
As a blogger, you need to write a genuine article regardless of whether it is sponsored or not. This is the only way to maintain the trust and loyalty of your readers. Believe it or not, if you come off as sounding shady, your readers will pick up on it and you’ll lose your credibility.
How Do You Get Sponsored?
It’s easy for well developed blogs that have a steady stream of traffic to get sponsored posts. However, this might prove to be more difficult for beginners as they will have to work hard to get the attention of companies.
As a new blog, you will have to send cold emails to various companies in your niche and wait for a response.
A little trick you could use to get ahead is to specifically target someone in the company who is in charge of PR or marketing since they are most likely the people who handle sponsorships. This gives your email a better chance of being seen.
In your email, include the following:
- Your Name
- The name of your website
- The reason for the email
- Number of monthly readers your blog has
- The reason why they should consider your request
There’s so much more you can say but the bottom line is that the person should see that you’re worth the opportunity. If all goes well, you will be making good money from sponsored posts through partnerships with brands.
#7: Speaking Gigs
As your blog gets bigger, you’ll be surprised at how many invitations you’ll get to speak at events. However, this may not be meant for you if you’re shy about public speaking or if you prefer to be behind the scenes but it’s still a lucrative way of making money through your blog.
How To Make Money With Your Blog: Conclusion
It’s not as hard as it seems to make money with your blog. You just have to put your mind to it. If you’re serious about it, you could start earning within the first few months of blogging.
However, you must remember that you won’t just start making money overnight. It will take a lot of time and effort on your part to get the ball rolling.