Remember when making money on the internet was easy that almost everyone started doing it? Now the market is so saturated that only a handful of bloggers succeed in turning their websites into a profitable business.
Most people fail once or twice before figuring out the secret recipe for making money online, and those who already have successful blogs running for years will tell you that they made absolutely no money the first few months after starting.
It’s not easy to earn money blogging. You need to have patience and the will to continue working on your business even if it’s turning over a profit in its initial phase. But with the right method, your blog can eventually make so much profit that it can even replace your full-time job! Here are some of the best monetization strategies you can use to earn money blogging.
Affiliate marketing is by far the best way to earn money online. It can make you more than 10 times the amount you would earn from Google Adsense! The method doesn’t necessarily mean that you spam your audience with every type of affiliate link you can find on the internet.
This strategy will only work if your readers trust you enough to click on the link in your blog and actually buy the product you’re recommending. So only recommend a good product that you’d personally use. Your buyers also need to be interested in the item you’re marketing. So, only choose ones that you think your audience will find useful.
Adsense may be the least profitable way to earn money blogging, but it is the easiest one to integrate into your website. That is why so many people use it. The biggest downside of using Google ads is that it can often annoy your readers and get in the way of building loyalty.
If you want to take affiliate marketing to the next level, we recommend exclusive partnership with brands who want to place their ads on your website.
This way, you get to keep the full commission without a middle man like Google Adense taking a large percentage of your earnings. But just like with affiliate marketing, choose your partnerships carefully and not accept every offer that comes your way.
Successful bloggers and Youtubers can actually make more than $20,000 per single sponsorship deal. Now even if you do five of these a month, you could easily be earning a six-figure salary without putting in too much effort!
Of course, that’s not to say that the highest paid bloggers out there didn’t work hard to earn the reputation they have today. On the contrary, it takes a lot of time and effort to get to the point where big companies want to approach you with brand deals and sponsorship offers.
Once you’ve gained enough knowledge and experience in your niche, you can even go ahead and create your own online courses and e-books. This is a great monetization strategy because there is technically no additional cost for creating such products.
Moreover, writing an e-book or creating a course is only a one-time effort which will continue to generate profit for years to come.