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One of the dreams of many would be online moguls is to have their blog bring some significant revenue. The truth of just how much your blog can earn is tied to several factors, most of which have to do with sound marketing principles such as SEO, quality content, and traffic. Simply slapping up a few ads and expecting to reel in any appreciable income when your blog is getting less than 100 visitors a day is a bit of a pipe dream. Let’s look at some of the ways you can extract revenue from your blog, and what’s required.
Let’s first take a peek at seven of the best ways to monetize your blog. These are in no particular order, as what may be right for one is wrong for another.
1. Google Adsense – Placing Adsense ads on your blog is a very easy way to monetize your blog. It’s very easy to implement, and if your blog has decent traffic, you can make some nice cash. Some of the best ways to accomplish this are by optimizing your pages well, and having good content so that Google can offer the most relevant ads, thus increasing the likelihood of more clicks.
2. Banner Ads – Using banner ads for affiliate products is a time tested way to bring in passive cash to your blog. Just make sure what you’re selling makes sense on the page, and that there are not many different offers on your pages.
3. Textual Links – This is the practice of using hyperlinked content to your different affiliate offers. Now here it is far more acceptable to plug in various programs, as it is the keyword that is linked, and not a company banner.
4. Sell Ad Space – If your blog gets a good amount of traffic, it’s not hard at all to find people to buy ad space on your blog. It’s usually best for both of you if it’s within your market, or at least within shouting distance. This can be lucrative as well as ongoing.
5. Opt-in Box – This is more of a longer term strategy, but having a list of people interested in what you’re blogging about can have serious financial benefits down the road. There may come a day when you’ll want to promote to that list!
6. Sell Your Own Products – Having your own products for sale on your blog is one of the best ways to bring in revenue. You don’t have to share the revenue, find ad partners, or update affiliate links and you now have a great reason to drive traffic to your blog through various traffic generation methods.
7. Sell Your Services – Likewise, you can sell your services. If you have skills that are in demand, both online and off, you can generate a good deal of business with a great deal less effort than through traditional means, and probably quite a bit faster as well!
Start by adding the method that makes the most sense, and then add strategies as you go along. What you’ll see is that over time, you find your blog revenue has increased and you now have a terrific stream of near-passive income. That’s worth it, in my book!
