HOW TO MAKE MONEY WITH A BLOG.

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A DETAILED  MANUAL ON HOW TO MAKE MONEY WITH A BLOG. 

            How to make money with a blog is a question that bothers every newbie (or would be) blogger… it is a question that an answer cannot be delayed further as experienced bloggers are
generally reluctant answering this all important question. It is also a very important question to answer because, blogging, in the 21st century, has been taken to the level of a business with potential to generate millions of dollars for the blogger. So, how exactly is this done?

HOW TO MAKE MONEY WITH A BLOG: AN INTRO

            Before any answer to the question, How to Make Money with a Blog can be given, it is important to clear certain myths and misconceptions many a newbie blogger may have about the blogging business:

1. Blogging is not a get rich quick scheme (sorry!) It is quite soothing (and educative) to chat with bloggers who are now earning a six figure paycheck and understand that it took most of them over a year to earn their first pennies online via their blog. The general consensus is that the blogging business is not a quick one! But when it’s ripe…waoooh!! 

2. Blogging, like any serious venture, needs persistence. Do not thus deceive yourself that you would earn anything as a blogger without persistence.

3. Blogging also need traffic – and lots of it! You cannot earn a decent amount otherwise. That means if you’re a blogger, be prepared to do anything ethical to drive as much traffic as you can to your blog.

HOW TO MAKE MONEY WITH A BLOG: THE BASICS

             There are various (and permit me to say, unlimited) ways to make money with a blog – the only limitation being your imagination. However, outlined below are the most common means that frequently answer the question: How do I make money with a blog?

A. SELLING A PRODUCT

How to make money with a blog? Sell a product! Don’t like the selling idea? But the whole world sustains itself by selling one thing or the other: The US President has to sell himself to the American electorate, the university professor has to sell his knowledge for wages – same with the medical doctor. If all these guys are selling, why can’t you? And it gets easier with a blog: ebooks, physical products, etc. Just be creative.

B. JOINING AN ADVERTISING NETWORK

How to make money with a blog? Join a revenue sharing network. Google Adsense, Yahoo Publisher or Ad Dynamo are great places to start. Now, what special ability or skill is needed here? NONE! Once you’ve got your blog running and have pretty much traffic pointing to it, you’d be accepted into any one of them without much ado.

 C. AFFILIATE PARTNERSHIPS

Credits: angelamccall.com

Partnering with big companies such as Amazon, Bluehost or Godaddy helps you as a blog owner. The process? Quite simple. You only need to sign up with the respective companies and display a specially prepared badge on your blog. Once a sale is made by means of clicking that badge, a certain percentage accrues to you. Now, that percentage can range from anything between 10%  to 90%…not bad, just for displaying some badges!

D. SELLING DIRECT AD SPACES

Selling ad spaces directly to advertisers is also a cool way of making money with a blog. However, the caveat to this point is that your blog must be raking in serious traffic for advertisers to take you serious. You must also indicate clearly to your readers that they can advertise on your blog. This blog, for instance, accepts advertisements. The joy of direct ad space sale is that you set the price for ad slot yourself and get to share the revenue with no one!

E. SELLING A SERVICE

How to make money with a blog? Well, go sell a service. Now, get this straight. The first point was about selling a product. This point, understand, is about selling a service. The difference is that, whereas a product is always tangible, a service on the other hand is not. Now the trick is this: what are you so excellent at that others will willingly pay? The blogger behind this blog sells a service. Guess the service? be creative!

F. SELLING THE ENTIRE BLOG (NOT RECOMMENDED THOUGH)

The last (and least recommended) way to make money with a blog is simply to sell the entire blog. This stand is premised on the assumption that you don’t want to blog again, are tired of the art of crafting and running blogs or are simply fed up with the whole system (or why would anyone sell a cash cow like a blog, anyway?)

Blogs usually sell for a handsome amount if they have a unique (often old) domain name, hyper traffic and a good Alexa rating.

HOW TO MAKE MONEY WITH A BLOG: A FINAL WORD

                     A final word before the comments section begins. NEVER EVER DEFRAUD YOUR ONLINE CLIENTS! You may think you are untraceable in cyber space and can thus get away with it. But often, you’d be proved wrong and it would be at that point that you’d realize that the act is not worth the consequences! By the way, who gives a blogger more money than repeat customers who buy based on loyalty?

Do you see an omission? Or feel something very important isn’t said here?  Let’s hear you. Over to you in the comments section!

Credit by Akaahan Terungwa.