8 Ways to Monetize Your Blog

8 Ways to Monetize Your Blog

If you are yet to create your first blog, don’t freak out… I have written a super beginner/starter article over here about how to set up your first blog – check it out – and then come back to this article to see how to make money with your blog.

How to Monetize Your Blog

Now that you have your first blog up and running you need to know how to make it work for you financially. There are many different ways of generating income from a blog and none of these ways are right or wrong – every website is unique and you will need to think about which revenue-producing method is going to work best for yours.

With this in mind, I have compiled a list of eight simple ways you can make money from your website and earn cash for doing what you love! Why wait? Monetize your blog today!

1.

Affiliate Marketing

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One of the most effective ways of earning income is by promoting products related to your blog. This is known as affiliate marketing.

In affiliate marketing, you seek out products that are associated with your blog niche and then create awareness of the product on your blog. Should somebody buy the product using your link, you will receive commission from the sale.

For example, if you have a gardening website, you might write a blog post addressing ‘The Best Way to Get Rid of Weeds’, and then at the end of the entry promote a weed killer product. When your readers purchase the weed killer, you get a cut of the purchase price for having referred them.

There are several online marketplaces which specialise in affiliate products you can promote on your blog. Clickbank is a popular choice, as is JVZoo and Amazon but there are many others to choose from. These companies all run affiliate programs, allowing you to sign up and choose the right products for your blog.

2.

Product Reviews

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This one is similar to affiliate marketing, but is undertaken in a more specific manner, and is more suited to those who are opening a blog in order to monetize it and market affiliate products. However, if you have an existing blog and want to incorporate some reviews, you might also be able to integrate some product reviews into your blogging schedule in amongst regular blog entries.

For product reviews, you will create your content as reviews, creating videos or blogs that offer a detailed review of affiliate products that cater to your niche audience. You then promote the product.

As with affiliate marketing, you will receive a commission but in this case you may be able to generate more sales as the review targets the product more directly.

3.

Teaching

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Teaching and tutorials have commanded a huge online presence recently and there is certainly money to be made from offering them.

The selling and buying of knowledge has exploded and there is no time like the present to cash in on it and claim your piece of the pie.

Everybody has skills or knowledge in something. It might be the application of make-up, creating art, doing up furniture or fishing. Whatever you can DO, you can TEACH.

Get out pen and paper and start jotting down some ideas for what you can teach from your blog niche, then think about what medium you might want to use. You could include podcasts, videos or step-by-step guides.

You can decide if you want to charge for the teaching as a membership or as a one off fee for access to the content. What’s important is that the information you are selling is of good value and is not something they can receive for free on your site. Premium prices must go hand in hand with premium content.

4.

List Building

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Everything you ever read online about internet marketing will tell you that one thing is absolutely worth its weight in gold: an email list.

Email lists allow you to reach tens, hundreds and possibly thousands of people with your website, services and products. When visitors come to your website there is one valuable piece of information you are going to want from them more than anything – their email address…and you are going to need to do everything you can to get it.

Using your email list you can offer your visitors special deals on your membership or affiliate products, send them your latest content to view or ask for donations. Just be sure not to fill your campaigns with affiliate links and don’t send more emails than they can handle. Spam will have them unsubscribing which is counterproductive to your purposes.

5.

Offering Premium Content

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Once you have established yourself as an expert, or are at least perceived by your audience to be one, you can then leverage premium information in exchange for a payment.

Lock the premium content in a particular section of your blog and get members to sign up to a paid subscription in order for them to unlock this ‘members only’ section.

This premium section could also be a forum which allows only paid members to post or read the boards. If you have loyal readers who would enjoy interacting with one another, then start a private forum and charge a small fee to access it.

Increasing numbers of websites are using the premium membership model to monetize their sites. Once you have attracted visitors with your free content, introduce them to the amazing content and added benefits they will have access to, by paying a small fee.

6.

Product Creation

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The best way to make monetize your blog, hands down, has got to be creating and selling your OWN product.

If you don’t have a product, get creative! You could create an e-book, a video, photographs, or anything! You could even record your blog posts into audio and sell them as podcasts. Have a brainstorm about what you could offer, within your niche that would be worth money and then get working on it!

The best part? You make 100% of the profits. And, because you are not selling out of a local shop – the world is your oyster. Putting your product on your website puts it out there for the whole world to buy.

The world, and particularly the internet loves consuming, and what better way to feed your hungry visitors than by offering them a quality product which you know they will be interested in. That’s what makes this idea so fantastic– you will be selling to a database full of warm leads because you already know they will be interested in your product.

7.

Service Offering

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If you don’t feel that products are your calling, then why not offer a service?

This comes back to knowledge. What do you have going for you? Offer it out as a service. This could be coaching, mentoring, assisting with financial planning, instructing and giving strategies for things (e.g. stock trading)…the possibilities are endless!

Put simply, you are taking whatever real work skills you have and offering them out as a service to your blog followers. Your followers can then pay to use your professional services through your website.

8.

Donations

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This may seem like a long shot, but it’s worth putting out there.

If you have a loyal audience on your blog, then try asking your visitors to donate a small amount to assist you with the costs of providing your website.

Be sure to tell your followers what the money is for – hosting fees, domain registration etc… The most important thing to remember is that people will only pay for information that has been helpful. Make sure your offer is worthy of their hard earned money and they may just let you have some of it.

I hope this list has prompted you to think about how you might monetize your blog, and inspired you to try your hand at making money online.

Feel free to leave a comment telling us what your favourite way of making money on YOUR blog is!

That Elusive Pot Of Gold: Membership Websites

That Elusive Pot Of Gold: Membership Websites

Wouldn’t it be great to find that awesome little pot of gold at the end of the rainbow? For most entrepreneurs and internet marketers, that pot of gold is known as ‘Passive Income’.  A type of income where you can put the work in once – and then have minimal maintenance to keep getting paid… yeah?

The reality is that you can’t just NOT work and earn huge income.  No matter what anyone tells you.

Maybe you’ve heard this before;

“Find a job you love and you’ll never work a day in your life.”?

This is what lies at the heart of membership websites – and it’s what I have personally found a ton of success with – and something I am and ALWAYS will be massively passionate about.

Running a subscription based website allows you to express yourself creatively, in whatever topic it is that you love, and earn from it. Getting paid for what you know and what you love is a very coveted position to be in.

That’s living the dream.

And it’s easier and WAY more achievable than the ‘gurus’ would have you believe.

By the way… if you missed our last article “Internet Income: Membership Websites 101”, and want some more basic info about membership websties, you can access it here:

http://wfconcepts.wpengine.com/internet-income-membership-websites-101/

 

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#1 Membership Website Myth:  You need to have masses ongoing content in order to have people pay month after month

I have been working online for over 8 years now, and besides that making me old-er (oh shush!!!) it also makes me a bit experienced (thank goodness!!!)

I’ve heard a few reasons as to why people aren’t diving into having membership sites.  The biggest worry is that many people believe you need to have a lot of cutting edge, recurring content.

Sounds like SO much work, yeah?  I mean… yes – we aren’t crazy, we know that you can’t just click a button and get rich the next day – you have to work at anything that is worth anything.

But there are slow, painfully laborious ways to do things though – and there are easier ways.

Fortunately we are living in a time when you don’t need to know everything, be a super hero in every field, or be on call or miss out on ‘LIFE’…

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Stress Free Recurring Ideas

 A few weeks ago, I made a video for some content creation ideas.  If you missed it and want to check it out – it’s over here:
http://wfconcepts.wpengine.com/how-to-easily-deliver-high-quality-cutting-edge-content-to-your-customers/
With membership sites you can do some really clever things, like.. work your tail off for a week (or weekend even), and put together lots of bits … and then drip feed the content.
You can make it look like you are delivering great content for months and months… when in reality, you just had a crazy weekend of cramming.
The video above can give you a few ideas for content if you are stuck for ideas.  It wasn’t created with membership sites in mind, but anything that gives value and is targeted to the content that they would like to learn from you (related to the niche you have chosen) will work awesomely!
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What People DON’T Tell You About Membership Sites & Recurring Content

I know there is always a big push to use it as a hands free recurring income source, but if you don’t want to do that… and just don’t have any ideas or time to put together extra content then don’t let that stop you from using membership sites to your benefit.

Here are a few reasons why ANYTHING you do – a pdf download, a training video, some kind of … well… anything really, SHOULD be delivered via membership platform.

  • Protect Your Content. You work too darn hard to just have some loser come in and steal your content… and this can happen when they just download it and refund or pass it on to a friend (who should have bought it), or lots of other ways.  It’s important that you find a good membership software (Fresh Member for example) that will allow you to have more control.  Automatically lock people out if they refund, or if they are supposed to keep paying but don’t, then guard your hard earned efforts.
  • Build Community/Trust. When people buy a product it’s a lot different than being a member.  They don’t just get a download … they become part of a community.  One way to do this is to have a forum, but it’s not always necessary… the one thing I DO know, is that customers are more likely to be repeat customers if they feel loyalty and connected – and are more likely to buy again and again from you if you give them reason to.
  • Build Your Brand. By delivering anything you create in a membership platform, you get the benefits of being able to push them between your various offers.  Even if you only have one product so far… or plans for a product, it’s important to set things up right – so that when you are at the next stage, you can be ready to push them towards your new product release more effectively.
  • Reliable Income. If you are charging a monthly fee, then cool – but even if you aren’t, you can still benefit from reliable income using your mailing list, promoting login offers to them or various upsell products etc.  In an average membership website there are around 14 different places you can put advertising… without being pushy, or annoying to your customer.
  • Integration Points.  As I mentioned, with a membership site you have a LOT of extra ‘online real estate’ you can use to add bonus offers, giveaways, ad swaps, extra promotional material … the list goes on.  One of the best things you can do to build your business for long term growth, is to partner with like minded people and do banner swaps, or autoresponder swaps… or any kind of swaps.   Hands free, evergreen (on going) traffic is one of the best time investments you can do for the growth of your online income.

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Need More Reasons To Dive In?

If you haven’t noticed by now, I get a little passionate about membership websites (i know right?  Am I REALLY that transparent!).

So – something that has stirred up my passion again is the fact that Mark Thompson and Deep Arora have just released, what I think, is the best thing to hit membership marketing in a LONG time.

Kory and I got to test it over the last couple of weeks and put together a proper review for you if you would like to see it in action, as well as a great bundle of bonuses to help you get moving into creating some great membership websites faster, easier and better.

Have a look at the review and bonus offer here:
http://wfconcepts.wpengine.com/fresh-member-review-bonuses/

(PLEASE NOTE: The bonuses are only available for a limited time, so make sure you grab it while it’s still there)

If you’ve heard enough and just want to dive in and grab the software, you can go here to grab it: =>  Fresh Member Access

If you buy it from that link you will still get the extra bonuses we have put together… you just won’t know what they are til you get to your JVZoo downloads area… hehe – kinda like a lucky dip/surprise!

 

I hope you’ve found this information  helpful and it’s given you some things to think about – and that you can see how exciting membership websites can be and I can’t wait to hear some of your success stories!