So you have just started blogging or are considering starting a blog. You have lots of plans about what you are going to write about, but have you considered your blog monetization strategy? After all, that’s the reason people blog, right? To make money. Here, we have listed the top 8 ways to monetize your blog in 2016.
#1: Product Reviews: Product reviews are the simplest and the most effective ways to monetize your blog. If there are any books you like, or a physical product such as business laptops, mobile phones, etc. or books, for that matter, why don’t you review them? Just blog your experience with these products and whether you recommend them to others or not. Some businesses pay bloggers to review their products or services. You can also make money by promoting the product as an affiliate – or affiliate marketing.
#2: Create and Sell Your Own Courses: You can use your blog to sell your own courses or video tutorials. For example, if you consider yourself as a big time player, perhaps you can create a video tutorial called “The Art of Seduction” and provide guidance to young men who are looking for dating advice. Just create a video tutorial on a subject that you are very knowledgeable about and for which there’s a lot of demand in the marketplace and sell the course through your blog. You’ll need a mic, a video camera and the most basic recording equipment for this. You can also make money by promoting other people’s courses on your blog as an affiliate.
#3: Take Blogging Assignments: Blogging assignments are a great way to make money from your blog. Bloggers are paid by event organizers to attend an event and then for blogging about it. Bloggers are paid to review a new product such as the launch of a new car. The key is to establish yourself as an authority in your niche. This takes a lot of effort.
#4: Rent Blog Space for Ads: One of the easiest ways to monetize your blog once you have built up some traffic is to rent advertising space on the blog to local businesses. This is a very easy way to create passive income on a consistent basis.
#5: Google AdSense: Google AdSense is one of the best ways to make money from your blog. Google supplies you with the ads to be displayed on your blog and pays you every time someone clicks on these ads. You will only get paid in a few cents for each click, but if you are able to build up significant traffic, the clicks add up and you will soon be making a huge amount of money from the blog. There are many bloggers who make over $10,000/month from Google AdSense alone. However, do bear in mind that Google does not accept new blogs for its AdSense program – your blog needs to have at least 6 weeks of content to qualify.
#6: Be an Amazon Affiliate: Amazon Associates is one of the simplest affiliate programs that you can join. It’s the easiest way to make money from promoting physical products such as books, home appliances, electronics and so on. If you blog about sports, for example, you can link the blog to the best selling shoes or sports equipment on Amazon.
#7: Charge a Fee for Premium Content: Newspapers such as New York Times or The Telegraph charge a fee for premium content – they allow you 5 to 10 free articles a month, but after you quota is over, you will be required to pay a small fee if you would like to continue reading. You can use the same strategy to monetize your blog. It will work for you only if your blog contains very useful information for which there are a plenty of takers. Maintain a good mix of free content and premium content on the blog.
#8: Sell eBooks: Write an eBook and sell it on your blog. An eBook usually carries more authority than a blog post and with services such as Kindle Publishing and PDF Downloads available at the touch of a button, monetizing your blog by selling eBooks on it has never been easier. Just write about the things that you are comfortable about and for which there’s a lot of demand.