You can easily turn a blog into a big business with the right techniques. While many use it as a profitable side hustle alongside a career, you could potentially quit your full- or part-time job once you have turned your blog into a lucrative brand.
If you are currently running a growing blog, but don’t know the best ways to monetize it, below are six helpful tips for how you can make money from your website.
Accept Sponsored Posts
As your business grows and your level of trust and authority increases on Google, you can guarantee multiple sponsored post requests will fill up your inbox. They can be a seamless way for brands to reach their target audience in a non-threatening manner, so many will want to team up with talented bloggers.
As a result, the sponsored posts can help you to enjoy a great income from your blog. However, you must ensure an article is relevant to your niche and will be interesting to your readers.
Start Selling Dropship Products
If you are truly interested in turning your blog into a genuine business, you should consider selling drop ship products on your website. You also don’t need a large amount of money up front to get started, as you will simply place an order with a dropshipping company once a customer purchases from your website, and they’ll ship the product to their door. It is the ideal solution for bloggers who want to sell products but don’t want the hassle of inventory and shipping.
Write an eBook
If you have an in-depth knowledge of a subject, consider packaging your content up as an eBook, which you can then sell on your blog. You can set the price for your eBook, which will allow you to determine your profit margin. If, however, you have built a loyal following, consider selling it from $5 or more.
Create a Private Community
Don’t give away your best content for free if you don’t need to! Instead, you can create a private online community with a free plugin, such as bbPress. Doing so will allow you to close elements of your website to your loyal members, who could pay a set monthly fee to gain access to your exclusive content.
Online advertising can be an effective way to monetize your website; however, you will need regular traffic to generate a healthy income. For example, you can install Google AdSense on your website, which will be relevant to your online content. However, you will need to generate more than $100 each month for the money to be transferred into your bank account.
Sponsored Social Posts
If you have developed a loyal following for your blog on various social media networks, consider publishing sponsored social posts on your Facebook, Instagram or Twitter pages. They are not only simple to post, but you could charge fees that range from $25 to $500 per post, and your rate should reflect the size of your audience.