Hey friends! Since I've been talking a bit about the side hustle money I'm making doing this blogging thing (over $15k last year alone!) I thought I'd get more specific and share the details of what I'm doing and why I think it's working. Making money by blogging isn't always a fast process, but it can be. More than likely, though, you'll need to be patient. But while you're patiently growing your blog you can do the things that help to maximize monetization. Just follow these tips……
First I'm going to list the different avenues for making money blogging , then I'll share tips for maximizing that income. By the way, you can't make money blogging if you don't have a blog. Read my post on how to start a blog in 4 easy steps here. We like Bluehost for hosting because they have terrific service and super affordable prices.
1. Make Money Through Affiliate MarketingOne ways blogs make money is through affiliate marketing. Basically what this means is that when you advertise a product or service on your blog, and a reader purchases that product or service, you get a commission. On this site we advertise a lot of books because we're firm believers in continuing education as a path to growing wealth. Every time a reader clicks on one of the book links we place in a post, and purchases that book, we get a small commission. The minimum commission for Amazon specifically is four percent, I believe, and goes up the more items you sell in a given month.
The other cool thing about affiliate links with Amazon is that they give you a commission even if the product that is purchased isn't the one advertised. So, for instance, let's say we place a link to The Millionaire Next Door: The Surprising Secrets of America's Wealthy, the book that revolutionized the way millions of people viewed the wealthy. Then you click on that link, read the description but decide not to buy the book.
However, as you're reading the description you remember that you forgot to order your favorite hair conditioner. You go from my link to the Amazon search bar, find your conditioner and place and order. I get a commission on the conditioner purchase because you came to Amazon through my link originally.
Another type of affiliate link is one that advertises a service. For instance, let's say that after reading this article you decide you want to start a blog. If you click on my Bluehost link, you can start a blog for under $50 a year (totally refundable if you decide blogging isn't for you) and we get a commission because you purchased a service from Bluehost.
Affiliate links can come in many forms. They're available for thousands of different items, services and products. If we promoted online money management sites for instance (we don't – the prepper in us has an aversion to sharing financial info with outside sources. Call us paranoid if you'd like 🙂 ) we'd get a commission from anyone who visited those sites and opened an account through those visited links.
How to Maximize Earnings Through Affiliate Links
Making money via affiliate links doesn't work for everyone, but there are several ways to help increase income via affiliate links by avoiding some of the more common mistakes and doing these "right" things instead.
This is one way to make money blogging.
2. Make Money Through AdvertisingAnother popular way to make money blogging is to make it through advertising on your site. See the advertisement boxes on our right sidebar? If a reader clicks on those we get cash. Most advertising affiliates (we use Adsense) pay per click. You as the blogger get to pick the types of ads that you think will be most appealing to your readers – as well as denying the types of ads you'd rather not promote. There are other companies besides Adsense too that will pay you to let them advertise on your site.
How to Maximize Earnings Through Advertising
Again, there are things you can do to maximize the advertising income you make through blogging.
Publishing sponsored posts is another way you can make money by blogging. A sponsored post is an article that promotes a particular business. This post on life insurance is one example of a sponsored post.
Google has rules regarding sponsored posts, so it's important that you only allow sponsored posts on your site that fit in with Google guidelines, or it could affect Google rank of your blog posts.
How to Maximize Sponsored Post Opportunities
Again, there are ways to increase income from sponsored posts.
The fourth way I make money blogging is by freelance writing for other blogs. If another blogger needs someone to write posts for them on a regular basis, they'll pay to have it done. I've made thousands and thousands of dollars (at a high rate of pay, I might add) writing for other blogs. Here are some tips for getting writing gigs for other blogs.
One of the keys to making money by blogging is to be continually working to grow your readership. Here are some tips for doing that.
If you would have asked me four years ago, I'd have never thought that I could be making a solid income working part time from home. The cool thing about blogging is that you set your own hours and decide how much you want to put into it. Since raising and homeschooling my kids is my top priority, I spend my early morning hours blogging (you need to pick the time of day when you're most on your game) and then put the job aside as I tend to the kids, homeschooling and the house.
It's awesome to be able to bring income into our home without giving up my dream of being a stay-at-home mom. Blogging allows you to work when and how you want to because your blog is your own business. No one can tell you what to do or how to do it. You're the boss!! Oh, and my hourly wage is MUCH higher than what I'd make at the local big box store or bank. Bonus. 🙂
If you have any questions at all about blogging, please feel free to contact me. If you have a gift for writing and a love for helping others, you can make money blogging too!
Have you ever thought about starting a blog? If so, what's stopping you?
Source: 4 Ways to Make Money Blogging
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