How To Make Extra Cash By Blogging
Several years back I recognized some internet bloggers were making tons of money. And several of them looked like regular folks, just like me. How exactly were they doing this? And can I make money blogging too?
And in search of how to make some extra cash, I started my journey…
The first (and most important question)
How can bloggers make money?
The most successful bloggers use their site as a “base”, then build up more income flows from there.
Bloggers make money directly on their sites and indirectly through related opportunities.
Here’s what you need to do:
- Start a site if you have not already.
- Establish yourself as an authority by making excellent and useful content on your subject.
- Choose how you want to monetize your site
- Interact with other people on the internet to maintain your site as the top of mind.
- Repeat steps 2-4 continuously so you and your site become the go-to source for your topic.
So just how much do bloggers make?
A couple of bloggers earn millions of dollars annually. Others, like me, earn a comfortable full-time income.
I believe a better question is “How much does a blogger earn?” No amount is guaranteed… and it is not simple, but there’s virtually no limit. That’s the one biggest reason I really like blogging.
Some bloggers publish their own income reports, but it is hard to draw overall conclusions since every blogger’s circumstance is unique.
It requires a good deal of hours a week to develop and maintain an excellent blog. Additionally, it takes many months of blogging until you’ll see income from it.
I tell new bloggers to allow 3-6 weeks to create an adequate part-time income and 1-2 years to create a consistent full-time income.
The idea that it is possible to begin a blog now and make a full-time income in a couple of months is, for many, not realistic. If you need money straight away, building a blog might not be your best alternative.
But do not be discouraged! I squeezed blogging to the cracks of life for a couple of years and it now brings in steady earnings. For those who are dedicated and have some time… it’s well worth the effort.
There are multiple ways to monetize your blog. There are 5 main ones, with many opportunities under each:
Businesses want to get their product in front of prospective customers. They could be interested in advertising in your site if your readers are their ideal clients. Here are ways to integrate advertising into your site:
- Display advertisements – Graphics on your header, sidebar, footer or inside your own content.
- Giveaways & testimonials – Companies supply you with free merchandise (and hopefully monetary compensation) and you emphasize that product in your site.
- Newsletter / video / podcast sponsorships – Ads in mails or miniature commercials in movies or podcast episodes.
Advertising is easy to begin making it a popular revenue stream for many bloggers. However, it is not quite as rewarding as it once was and it demands plenty of traffic to be really rewarding.
For this reason, it is not a top recommendation of mine.
2) Affiliate Marketing
You link to that item or service with your unique affiliate link. When, someone clicks through that link and makes a purchase (or finishes a desirable action decided by the company), you make a commission.
- Amazon Associates – Get paid when viewers buy Amazon products through your own links.
- Amazon Influencer Program – A different Amazon program which provides you your own Amazon store like mine.
- Affiliate Mastery – An Superb ecourse by a blogging buddy.
I will discuss affiliate marketing in a lot more depth in a future article (keep your eyes on us!)
3) Digital Products
Many bloggers make and market their own digital products. Digital products are great cause they do not require stock and may be distributed to quickly and easily. There is no overhead and low risk. Examples of electronic products bloggers create:
- Online courses or workshops – Educating, but in a live setting.
- Premium Content – Content others need to pay to access.
- Membership websites – A combination of community and teaching.
- Photos – Lots of photographers sell their photographs online.
- Sound or video – Produce music jingles, voice overs or movie clips.
- Programs, plugins or themes – Great for people who love code.
This is another favorite revenue stream of mine. My very first digital merchandise was my ebook “Master Your Mind, Master Your Life!” which still sells monthly.
4) Physical Products
Some bloggers promote physical products. Some examples:
- Novels – Lots of bloggers have come to be traditionally published authors because of their blogs.
- Retail arbitrage – Would you find amazing deals? Turn around and sell them at a gain on sites like Amazon.
A surge of bloggers have begun selling physical products the past couple of years. It can be rewarding, but can get complicated with production, maintaining inventory, shipping, returns, etc..
Some bloggers use the experience linked to their site topic and get paid when others employ them. Services can be provided locally or online. Examples:
- Discussing – Lots of bloggers find speaking gigs because of the platforms that they build on their own blogs.
- Organizing, cooking, decorating – Many bloggers provide services to local readers.
- Offering a service is an fantastic way to make money fast cause startup costs are low, little to no inventory is needed and you get paid to get a skill you already have. The downside is, it is not scalable.
Now that you know the different areas of blogging and how to make money from it…
I think the most important thing is…
First, begin a site if you have not already!
Start taking action!
Next, focus on building up a good library of 10-20 blog articles. Make sure they’re helpful and meaty. Find out which income flows are natural extensions of your articles. Meanwhile, build relationships on social networking, in Facebook Groups and where your prospective readers hang out. Do not just promote your own things, but be a very helpful part of the conversation. People will eventually check out what you need to offer.
Can I start a site for free and still make money?
However, I’d caution against it. The reason is, even when you use a free service, you do not need as much control over your site–that the free service does. This may be risky, particularly if you will rely on your own blog for income. A self-hosted WordPress site is my recommendation and could be started quite inexpensively.
Before we start you off on your blogging journey…
5 additional tips to make money blogging!
- Utilize as many income streams you can reasonably afford. Diversification is essential.
- Excellent content is the trick to long-term success. There is no way around it.
- Each blogger has a different mixture of income streams. There’s no “right” way and that is the beauty of it. Find a combination that is right for you.
- Do not be a replica of some other blogger. Find a special angle.
- Successful bloggers do not begin a blog simply to make money. Rather, they blog about a subject they genuinely enjoy and can write about for several years. They let the money grow out of the subject organically.