Some sees it as a “frustration”, others sees it as “centre for crude money”.
Now, you face problems, hit
Google search and automatically gets solutions. Have you ever wondered why?
It’s no miracle! Neither do
Google team constantly wait for your problems and updating information to your
benefits. They just might be too busy for that.
The truth is,
Some writer and editors are
out there working tirelessly to make sure there are solutions to your problems.
They are called bloggers!
They create, write and
update information daily for you to assess. So, you see, it’s never an easy path
to follow as you may have thought or as you were told by friends.
Building wealth from blogging is a gradual process that requires persistence, financial ideas and willingness to invest.
You must have a hobby!
You must have a passion!
So if you thinking of it as
a career to maybe pack money in bulk from somewhere…I bet, you are in the
wrong.
You just have to decide.
Decision and Bold Step:
Now, you’ve built an appealing
platform for your blog or website. To enhance your readers experience on your
website you probably put some dollars towards great design and templates for
your site.
It takes a lot of time to produce
content and you may have hired freelance writers to help you out with the workload.
Also, you had to spend a couple of
bucks on a domain name and web hosting. Not to mention the costs associated with advertising and
social media to make people aware of your blog.
You’ve invested all this time,
energy, and money into your blog to make it successful and provide value for
your readers. Now time to get a return on
your investment and start
finding ways to make money from
it!
Yes, you can build wealth from blogging while still providing exceptional value for your
readers and followers!
That’s why I always tell everyone
that blogging is more than just a hobby, but also an amazing investment for entrepreneurs!
Also read: How to build wealth from scratch
Also read: How to build wealth from scratch
Steps
to blog wealth:
Here’s just an easy guide to make
money from blogging:
- Set up your blog
- Write content that gets lots of traffic
- Convert visitors into email subscribers
- Send those subscribers content that builds trust
- Sell products or services your audience wants
And that’s just it.
The problem?
I might have said easy and listed
these steps, but it be blunt it’s more difficult as itemized and require a more
serious dedication to achieve.
Especially the last one.
For instance, do you want to sell
your own products or services? If so, which ones?
Or… what if you don’t have any
products and services to sell? What should you do then?
Well, you can also make money
blogging by selling someone else’s products and services.
The most conventional (and least
profitable) method is selling advertising, where you allow companies to promote
their products and services to your audience in exchange for a fee. You can
also form partnerships with other companies, promoting their products and
services as an “affiliate” and earning a commission each time one of your
readers purchases.
Which model should you choose? What
should you do?
It’s up to you to decide, but before
making your decision, there’s one crucial lesson you need to understand:
Ways to build wealth and make money blogging
If you’re serious about building
wealth with your blog, you need to begin by thinking wealth and
treating your blog as a business. You need to be willing to invest the
time to create revenue streams to make it profitable and begin earning
extra income from it in the future.
1. Place Ads on
Your Site
The easiest and simplest approach to build wealth in blogging is to place advertisements on your site.
This is such an easy way to earn
extra money on your blog and the best part about it is that it’s 100 percent
passive income!
This method can be used to produce
an additional revenue stream with
any website or blog. When you place ads on your website or blog, anytime a
viewer sees and/or clicks on one of these advertisements you’ll receive
money and get paid for it!
Some advertisers have different
requirements and such. Like the amount of traffic your blog has,
your social media following, and demographics. To find out which ad networks
will accept you into their program and find out if you’re a good fit, simply
fill out an application!
Recommended Ad Networks You Can
Join:
- Google AdSense – This is one of the biggest and most well-known advertising networks which you can join to make extra money and earn income from your blog or website. Anyone can join and it’s free to sign up. How much money you earn will depend on the amount of traffic your site has.
- Chitika – Very similar to Google AdSense. This ad network offers both display and text ads that are shown with your content. Also, Chitika is a good alternative for bloggers who are just starting out and want to monetize their blog immediately, since it’s easier to get accepted into their program than most other ad networks.
If you have a decent reader
following on your blog, affiliate marketing is an outstanding way
to boost your blogs income and generate profit. Especially if you’re
already recommending products and services to your readers that you personally
use.
Look to see if the companies
that offer the products and services that you genuinely love and want to
recommend have an affiliate program that you can join.
If they do, you can get an
affiliate link to place on your website or blog. Then, you’ll receive a
commission anytime one of your readers purchases a product or service through
one of your affiliate links.
The key to success and making
the most money with affiliate marketing is to only recommend products
and services you genuinely love and use. Products that will provide value to
your readers.
For example, let’s say you write a
post about a skin care product that you use and love. Now, provide an affiliate
link that your readers can click on. The affiliate link will send readers to
that manufactures or retailers website where they can purchase the product. If
they purchase the product through one of your affiliate program links,
you’ll earn a commission from the sale. It’s really that simple!
Below are some great affiliate
networks you can join for free:
- Flexoffers – This
is one of my favorite affiliate marketing networks and program interfaces.
They offer a wide-range of different companies and big name brands. Also,
they have affiliate programs in just about every niche, which you can
apply for and join. I highly recommend Flexoffers to anyone who wants to make
money with affiliate marketing.
- ShareASale – This is another great affiliate marketing
network. ShareASale is very similar to Flexoffers, but they offer
different affiliate programs which to can join. They also have different
companies and brands to choose from. I recommend you join this network
too. It’s free to join.
- Amazon
Associates – This is another affiliate program I really like.
Basically, you can link to anything that’s for sale on the Amazon website
and earn a commission anytime someone clicks on one of your links to make
a purchase. Amazon’s affiliate program is more difficult to get accepted
into than Flexoffers or ShareASale. If you do get accepted
into Amazon’s program, you have something like a 90-day probation
period to refer a sale from your website or blog.
- LinkTrackr – LinkTrackr
is an amazing WordPress plugin which allows bloggers to convert any
keyword on their WordPress blog into an affiliate link.
In other words, LinkTrackr is an income generator for website owners
on steroids! It allows you to make money blogging automatically.
- ClickMeter
– Affiliate Link Tracking – This is
another highly recommended tool for affiliate marketers who want to easily
track the money they make from their affiliate programs. ClickMeter allows
bloggers to track and manage all of their affiliate links and commissions
in one place.
You
can join each of these affiliate networks to find brands, companies, services,
and products that you may want to recommend and promote.
Common and effective ways to promote
you affiliate links is by doing product reviews, tutorials, and
introducing new and exciting products or services.
Important: Only
promote products and services you truly love and use. These should be products
that you would recommend regardless of whether or not you were getting paid.
Always ask yourself, “would
I recommend this product to a family member or a loved one?”
Also read: How to build wealth from your hobbies
3. Sponsored Content
Another great and profitable
way to make money with your website or blog is by doing sponsored
posts.
One nice thing about sponsored
articles as compared to affiliate marketing is you receive a flat rate or
payment instead of income based on clicks and purchases.
Companies offer paid sponsorship’s
in a variety of ways. A common way is when a business sends you their product
or asks you to use their service.
Then based from the experience you
had using the product or service, you write an honest review and provide
feedback.
Another common way to get a company
sponsorship is when a business simply asks you to provide a link in your blogs
content on a post or webpage.
If you’re having difficulties
finding brands and companies to work with, here are some resources that can help
you out:
- Izea – Depending on the size of your audience and social media channels, you can find opportunities in the form of sponsorship’s here from big name brands and companies.
If you want to attracted brands and
companies to work with you and your blog, consider creating an informative media kit. A media kit should
include your website and social media stats and information about the type of
readers you have and content you write about.
Also read: How to build wealth from real estates assets
4. Create and Sell Your
Own Products
If your readers visit your blog to
get information or to learn how to do things, it’s most likely because they
trust you. It’s also probably because the content on your blog answers
questions to problems your readers might have.
You can monetize and profit from
their problems by creating informative information products. These products
should be designed to solve any problems your readers are facing.
These information products will also
help you establish yourself as an expert in your field or niche. As an added
bonus, you’ll also be able to make money from these products!
The best part is, you’re making
money by helping other people, which in turn improves their lives!
Everybody is an expert at something,
you just need to figure out what your good at. Then package it into an
information product. It can be in the form of a book, eBook, printables,
downloadables, etc.
Also read: Rules to wealth building and money growth
Types of Products to Create and
Sell:
- Digital
Products – This
is one of the most profitable forms of products because you create the
product once, then you’re able to sell it over and over again with little
work or interaction. When you create a digital product to sell you’re
truly creating a passive income stream for yourself. Digital products can
include printables, e-courses, e-books, software, apps, etc.
- Physical
Products – You could also create or design a physical product
that people could purchase and then you ship it out to them. Physical
products could include arts or crafts if you’re a crafty person, or you
could create your own designs to sell on things like t-shirts, coffee
mugs, cell phone cases, laptop cases, etc.
There are a lot of resources and
websites with platforms you can use to help design, launch, and sell your
products for both digital and physical goods. I’ll go over a couple of good
websites and platforms you can use below.
Websites to Design and Sell Digital Products:
- Amazon
- Etsy
- Shutterfly
Websites for Creating, Designing,
and Selling Physical
Products:
- Zazzle
- CafePress
- Ebay
- Amazon
- Etsy
- Shutterfly
- Picture
it on Canvas
You can learn new creative skills
over at CreativeLive,
which offers free online classes for creators.
Also read: How to build wealth at a younger age
5. Sell Advertising Space
At A Fixed Rate
Once your blog becomes well
established and has a fairly large following, you can make some serious money
blogging by selling ad space on your site or blog. The nice thing about selling
ad space to private advertisers is you set your own rates and you’re guaranteed
to be paid a certain amount of money, because an agreement is made between you
and the advertiser to pay you a certain rate before any ads are even placed on
your site.
Many companies are willing to pay a
decent amount of money to place their ad on a website or blog that has a large
and engaging audience. The reality is the more traffic you have going to your
blog; the more money your blog is able to generate.
If this blog monetization
strategy sounds like something you’d be interested in doing with your
website, there are a few crucial steps you need to take first.
First, you have to prove that your
blog would be a good platform for a company to advertise their products or
services on. You also want to make essential information about your blog to be
available and easily accessible for companies and potential advertisers quickly
find and access. You can do this by creating a media kit for your
website or blog.
What is a Media Kit?
A media kit is like
a resume for your blog. When you’re searching for a new job or career
you create a resume which career seekers use as a marketing tool that
quickly outlines all of their job qualifications, skills, education,
professional accomplishes, and career goals. Employers can then use resumes
provided by the potential job candidates to quickly screen out job applicants
and determine whether or not a job applicant would be a potentially good fit
for the position they’re hiring for. Then they decide whether or not to contact
a job seeker for an interview. This all happens in a matter of seconds just by
quickly glancing at a career seekers resume.
Once a job seeker makes his or her
resume, they’re then able to upload it to career sites like SnagAJob and other job boards for
employers to find. You can also send your resume to employers directly by
email, mail, or by dropping it off in person. Many job candidates also bring a
copy of their job resume with
them when they go to job interviews.
If you have every created a resume
to use as a marketing tool to help you find and land a job, a media kit is
very similar, only it’s like a resume for your blog.
Your blog’s media kit should be used
as a marketing tool when searching for companies
to sell ad space to on your blog, or the other way around, when advertisers are
searching for blogs or websites to purchase ad space from.
How to Create a Media Kit for a Blog
or Website
A well-crafted media kit quickly
describes and provides information about your blog, your niche, your audience,
your blogs stats, and any additional information or accomplishes about your
website that would make companies and advertisers want to purchase ad space
from you on your site.
Also read: Steps to the right budget
What You Need for Selling Ad Space
On Your Website
If you want to sell
advertising space on your website, you’ll need to do the following:
- Create a
web page on your website or blog specifically for companies and
advertisers. This page should explain
to companies and potential advertisers your websites terms and rates (if
you have fixed ad rates), options for advertising on your site, why they
should advertise on your site, and anything else you feel is important and
should include.
- Create
a well-designed media kit for your blog. A
media kit is an extremely powerful marketing tool. It’s essentially a
resume for your blog. By taking the time now to craft a beautiful and
informative media kit, it could pay you countless dividend payments in the
form of advertising fees paid to you in cash lump sums!
Connect with other bloggers and
companies you’d like to work with and form relationships with them. Send them
your media kit and use it as a marketing tool to show off your blogs stats and
why they should work with your blog and yourself.
Helpful Resources to Use
Here are some helpful resources and
websites you can use as starting points to help get your wheels spinning to
find advertisers and make money with your blog!
- Passionfruit Ads –
From what I understand these guys to a very good job and is like an ad
management platform. I’ve never used them, but I’ve heard good things
about them from other bloggers who have.
- Buysellads.com – This is a great resource for established blogs who want to find and attract advertisers.
If you don’t have a product to sell,
you could always provide and sell some type of service. Once you have a service
in mind that you want to offer, use your blog and website to market your
services and attract clients.
The options are endless for the
different types of services you can sell through your blog or website. Think
about what you’re good at and skills you have to offer that others could
benefit from.
Are you good at graphic design? How
about coding? You could even offer services as simple as setting up a WordPress
website or blog.
You don’t only have to offer web
services either. Think about your blog’s niche. I know some personal
finance bloggers who offer coaching and consultation services for things as
simple as helping people set up an emergency fund or creating
a budget.
The service you offer doesn’t have
to be complicated. Things that seem really easy and simple to us, are hard and
complicated for others, so try not to over think it. The nice thing about
offering services over the internet is your market is very large and somewhere
there are individuals looking for the type of service you can offer.
Here are a few types of services you
could offer on your website or blog:
- Web
Services – This could include a large variety of things like SEO
optimization, coding, setting up a WordPress site, optimizing
website performance like page loading time, etc.
- Marketing
Services – Marketing services could be anything from driving
traffic to website, to email marketing, to social media optimization,
branding, design, or copy-writing.
- Writing and Content Creation Services – If you’re a good writer and enjoy writing,
there are countless opportunities for you to make money.
Individuals, companies, and even other bloggers are always looking for
other talented writers and freelance writers to produce
and write content.
- Consultation and Coaching – This is
an extremely popular type of service that other bloggers offer and make
really good money doing it. The reason coaching and consultation is so
popular is because it can literally be about anything. What are you good
at? Once you’ve answered that question you can begin coaching others about
whatever it is that your good at!
- Teach Classes or Webinars – Once you
use your blog to establish yourself as an expert in your niche, you’ll
find that the opportunities are endless for finding ways and markets to
teach your expertise.
Take advantage of all the platforms
available to you for marketing your services – like your blog, social media channels,
web forms, directories etc. Market your skills and services on anything and
everything, and before you know it people will be knocking at your door (or
sending you an email) asking for your services!
Also read: How to manage any business risk
Products VS Services
If you’re debating whether to sell a
product or sell a service, either one can be profitable and good revenue
sources for earning extra income, and many bloggers utilize both of these
revenue sources and offer both products and services to their readers.
I personally prefer to sell
digital products which is considered to be more of a passive
income stream that requires little interaction on my part, compared to
if I provided a service to sell which is considered active
income and would require significant effort, time and interaction.
Also, because a selling service is
considered to active income, once you stop doing the work and money also stops
flowing in. I would rather work hard and put a lot of effort into something
once, like creating a digital product, and then get paid for that work and make
money from it over and over again.
Also read: How to build wealth in your 20's
7. Accept Donations
You could set up a donations page if
you wanted to and accept donations from your audience. If you’re offering great
content to your readers for free, sometimes you might have a reader who wants
to show you their appreciation for the work and effort you put into your content,
and give you a couple bucks.
Also read: Obvious signs you will be wealthy
8. Become A Speaker
As your blog grows and you become
more well known as an expert in your niche, you’ll notice more and more
opportunities being presented to you. Opportunities like request for you to
speak at a conference or other type of event.
I know another blogger who was taken
by surprise when he received a request to speak at an event. When he accepted
the request he was taken by surprise once again when they asked him what his
rate was. He had never thought about it before, but that one opportunity leads
to another and now speaking at events is part of his business and makes good
money from doing it.
Also read: Powerful key to success as a youth
9. Job Boards
You can make money with your blog by
having a job board. The way to make money with a job board is by charging
companies with job opening to post and advertise the job opening on your site
or blog. This not only adds a ton of value to your readers, but also puts opens
up another revenue stream for your blog and puts extra cash in your pocket!
A wonderful example of implementing
a job board on a blog can be found over at ProBlogger website. Their job board adds
countless value to their readers and is a source of recurring revenue
for their blog.
Also read: Startup financial steps many ignore
10. Email List and
Newsletter
Every blog should offer some type of
newsletter for their readers to opt into. Building an email list is an
extremely important and valuable thing which all bloggers should do.
By building an email list of loyal
followers, you’re able to send them offers and promote any of your own
products. If you want to make money blogging, I highly suggest you
create an email list.
Also read: Basic facts about network marketing
Conclusion
This is just a list to help give you
an idea of how to build wealth from blogging, but there are
countless other ways to also add to the wealth.
Anyone can make money blogging, it
just takes time and persistence!
Now you can drop your contributions
and suggestions and other another ideas with regards to building wealth from
blogging, on the comment box so that others can learn from your experience. Thanks.
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