You’ve all seen the headlines “Make money blogging” “Become a millionaire blogger” “Quit your job and blog the day away.” Well, as with all too good to be true schemes, making incredible amounts of money with your blog is realistically not doable for average folks. That’s not to say that there aren’t bloggers out there who found the magic formula and made lots of money blogging. Otherwise, there wouldn’t be books or courses showing you how (and making money for their authors). Unfortunately, I’m average folks and this is how monetizing my blog is going for me. (Spoiler alert–read the title of this post again)
So what is the magic formula? Problogger reveals all:
- Set up your blog
- Start creating useful content
- Get off your blog and start finding readers
- Build engagement with the readers that come
- Start making money from the readership you have through one or more of a variety of income streams
Provided you’ve achieved steps 1-4, it’s time to start thinking about monetizing your blog. Here’s a list of income generating ways to consider. Some I’ve tried, some I plan to, and some are just not for me.
I also use affiliate income. With these types of link, if someone clicks and buys a product during that session, I earn a commission on the sale. I link to Amazon and Amazon Mexico Amazon Mexico products in my posts and include links to a variety of products that I think my readers would be interested in through FlexOffers and ShareaSale.
Find a sponsor for your web site. Get paid for your great content.
I have yet to earn any money through the last two sites but there are a lot of great companies listed!
I have an astore through Amazon as well, which lists products that I think people considering moving to Mexico would find useful. This has been the most profitable option for me. In 2016 I earned almost $20. I know, I know. I’m rolling in the big bucks.
I have added a disclaimer on all my affiliate link pages to satisfy legal requirements. (For more information on this requirement see Best Practices: Blogger Disclosure Examples and Tips)
With ads and affiliate links as additions to my posts, I’ve opted for readability over prominent ad placement. I probably sacrifice earnings, but my readers come to my blog to read my stuff, not shop. If they happen to see a link or ad that appeals to them and I earn a commission, well, that’s great too.
Some blogs organize conferences to add to their income. One of my favorite blogs Raising Miro organizes World schooling summits and Teen Learning retreats. This isn’t something I do right now, but maybe in the future? Who can say?
Memberships and services
Other blogs offer paying memberships. Internations.org has a free version and an upgraded version. For a yearly fee you are entitled to use other services not permitted to the free loaders.
Other sites offer personal coaching or access to special lists and exclusive deals. I don’t know what I would offer paying readers that would differ enough to make it worth their while. I have mentioned that I’m available for certain jobs (See Failing at your own business–web design) but have yet to earn any money from readers contacting me.
Selling Products or Promoting a Business
My friend at ChildOrganics.com had an online business selling organic baby products for years. She moved to a more informative setup and no longer sells those products but it was a major source of income for her family for quite some time. I’ve started my writing career along with illustrator Claudia Guzes (who sells her artwork) with my first e-book. I hope to add a whole series of e-books to my name in the near future. I’ve promoted business as well, not that I receive a commission on that, but perhaps someday. (See Modern Day Marias–Maggie the provider and Modern Day Marias–Nicole the liberator). I like to think I’m paying it forward.
Courses are another way to offer a virtual product that will keep providing income. I’ve highlighted a few that I particularly on my Finding your Passion page.
Asking for donations and Crowdfunding
I’ve seen bloggers asking for donations on a variety of sites. However, I have taken my donate button off because Paypal does not allow for donations to any organization except non-profit. I also had a crowd funding option (Indiegogo) to receive donations for La Yacata (See Generosity) which I removed, mostly because after a year I hadn’t received a cent. I’ve heard about this option doing well for some people. Unfortunately, I’m not some people.
I have used syndicated content for one of my guest bloggers Jamie Miranda. I asked permission to use her original blog post on my site with a link back to her blog. I do not pay my guest bloggers, but appearing on my site does increase SEO for the original blogger. Apparently there are paying gigs out there for syndicating content. (For more information See The 101 on Content Syndication: Who, What, Where, When and Why)
I’ve just begun my venture into reviewing books for pay. You can read all about that here) Although I have yet to make any money doing this, I have high hopes. If other products come my way for review that would appeal for my readers, I’d be interested as well.
Become a professional blogger
If you love blogging, there are people out there who will pay you to write their blogs. This isn’t a feasible option for me as I can barely get out my own posts in a timely manner. I’ve got too much else going on. But….it’s an option. (See How I Make $5,000 a Month as a Paid Blogger)
Selling the blog
If you’ve established a successful blog that you no longer wish to pursue, instead of just letting it languish away quietly, sell it. You’ll get a better price if you’ve done everything legally by the book (no copyright infringements, adequate disclosures, etc). (See also Signs You Could Sell Your Blog and Make Money)
There you have it folks! The recipe for successful monetization of your blog. Have I missed anything? Let me know.