Blog monetization is something that most bloggers strive for. However, with over 300 million blogs in the world today it’s hard to compete and stand out from the crowd. Once your site has established itself as an authority and reliable source within it’s niche, then it’s time to start planning for the monetization of your site.
Monetization is the method of making money from a site, while still focusing your efforts on providing value. In the 8 Effective Ways to Monetize a Blog infographic below, we will take you through an excellent walkthrough of how you are trying to monetize your blog and the best methods you should take for each.
8 Effective Ways to Monetize a Blog Infographic Summary
Before attempting to monetize your blog and make money with your site, be sure to walk through the simple flow chart above. As you answer each individual question, you will be led to the monetization method that is best for your site.
- When monetizing your site, you must first decide if you are going to have your own product, recommend services to others and what type of resource of value your content is going to offer in the process.
- The driving force behind every blog is the content they create. Another deciding factor with your blog monetization, is how you are going to create content and also blend in a call-to-action to increase conversions and engagement.
- Affiliate marketing is one of the best forms of monetization, as it allows you to promote other services and web sites, while also earning a commission on any referred sales.
- Banner advertising is one of the most simple forms of blog monetization. Google Adsense is one of the most common methods for display advertising on a blog, but a site owner can also sell their own banner advertising to improve ROI.
- For blogs with a lot of traffic and a loyal audience, a membership site may be the best way to secure a longterm source of revenue generation.
No matter what monetization method you choose, make sure to always put your audience and content first. It’s easy to throw a bunch of ads on a site and hope for the best, but it simply doesn’t work that way.
Infographic source: Skimlinks