Month: September 2012

  • 10 Ways You Can Monetize Your Blog

    How do you make money from your blog?

    A lot of people start blogs without any monetization plan in mind. While that can be corrected, it’s always easier if you’re clear on how you will monetize from the beginning.

    To give you some ideas, here are 10 ways you can monetize your blog:

    1. Sell Advertising: Many bloggers capitalize on their traffic by selling advertising for their blog. This works well for high traffic blogs that can attract high paying advertisers. It is often the choice of bloggers who don’t want to do any selling on their blog and want to focus solely on content. Still, there is selling involved in attracting advertisers and there is plenty of work involved in serving advertising clients.

    2. Affiliate Marketing: A common choice for many is to go the affiliate marketing route by earning commissions through recommending products. Many bloggers place ads in their side bars, at the bottom of posts and so forth, but the affiliates who make the most money make product recommendations directly to their audience. They write about products, recommend relevant products in their posts and so forth.

    3. Product Sponsorship – Sponsorship is a similar concept to advertising, but in many cases, no money exchanges hands. Instead, bloggers are treated to free product in return for mentioning their product, running a giveaway and so forth. Many large and small companies are actively looking for the opportunity to reach their target audience through bloggers, so there is plenty of opportunity to enjoy a variety of perks.

    4. Sponsored Posts – Like successful bloggers, many companies understand that the most premium ad space on a blog is the blog post itself. Sure, you can put ad banners in your sidebar, but those are most likely to be ignored because people focus on your content. That’s why many companies are willing to pay for the opportunity to post on your blog. Sponsored posts are usually more commercial in nature, but as the blog owner, you ultimately decide which posts you will accept and which you won’t.

    5. Bolster Your Product Sales – If you already have an existing online business where you sell your own products, a blog can be the perfect complement to this. Engaging your audience, building a more loyal relationship and educating them on your product is a win-win for everyone.

    6. Ebooks and Info Products – If you’re into blogging, chances are you love writing. This is the perfect path to creating your own information products and ebooks. You can sell them on your website, through Kindle, Smashwords and more. If your blog readers love your content, they’ll love to get even more that they can add to their mobile device and take wherever they go.

    7. Contextual Advertising – You’ve probably heard of Google Adsense and Chitika. These are advertising networks that display content on your pages. The ads displayed are related to the topics of your specific blog posts…thus, the term “contextual”. Working with an ad network means you don’t have to find your own advertisers and you don’t have to deal with client service either. It’s all taken care of by the ad network and you get a percentage of the profits. Or you can maximize your revenue by displaying contextual ads and accepting advertisers on your blog as well.

    8. Blogging for Pay – One of the simplest ways to start earning money from blogging right away is to simply be a blogger for hire. It’s a guaranteed way to get paid for your work, but it doesn’t have the scalability that doing your own blogging does over time. After all, as a blogger for pay, you only get paid when you blog and most jobs don’t pay incredibly well. Still, it’s a great place to get started and start earning money almost right away.

    9. Feeding Traffic to a Mailing List – You may have heard the term, “the money is in list” and it’s absolutely true. Growing your own email subscribers list ensures that you have a growing audience of people that you can keep in touch with over and over again. Many bloggers keep their focus on content on their blog and simply funnel people into the mailing list, so they can make offers and sell products via email. Email marketing is an important topic, so we’ll definitely be talking about it in a later post.

    10. Speaking – While many bloggers prefer to communicate with their fingertips to the keyboard, many also have a very commanding presence and enjoy speaking to audiences. Speaking is definitely a good skill to cultivate as it can be very profitable. Whether you run your own webinars or speak at various live events, having an active blog following can help you bring more people to your speaking events and increase your income.

    Certainly, this isn’t an exhaustive list of the possible ways to profit from a blog because every blogger and business is different but hopefully these 10 ways to monetize your blog were helpful. You might just use one idea to start with, but most successful bloggers use a combination of a few or more ways to monetize their opportunities. The key is to start exploring ideas, testing them out and further developing those methods that work for you.

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  • Do you really know your “why” for blogging?

    Do You Know Why You Blog? I Mean Really Know…

    It seems kind of like a silly question, but I would guess that most bloggers don’t know the true reason why they blog. And because of that, they flounder and don’t earn as much as they’d hoped.

    I’m hoping that our discussion today will help you dig really deep and help you find the answers, so you can move even closer to the success you’ve always dreamed of.

    For many, the road to blogging starts with the thought, “Hey, I’d like to have my own blog.” They see another successful blogger and make all kinds of assumptions on how (and if) that blogger earns money and decides they’ll do it themselves too.

    But the problem is, there is no plan. 

    There is no plan to create a focused online presence. 

    There is no plan to grow a faithful audience. 

    And worst of all, there is no financial plan.

    Whether you’re just getting started or you’ve been blogging for a while, it pays (literally) to take a step back and really examine WHY you’re blogging to ensure you’re on the right track to achieve your goals.

    While there are some examples of bloggers who blog their random daily thoughts and grow a large readership, it’s not the norm.

    The most successful blogs have a focus and something unique to deliver to their audience. So even if you are a mom who blogs about their adventures in motherhood or you’re a student who writes about student life, finding a key focus and unique perspective is what will help you grow a faithful audience.  

    Have an edge, have a point of view and deliver something unique to your audience. It’s your uniqueness that will draw people to you.

    Still, being unique isn’t going to magically make your audience grow. You can’t make a few blog posts this week and expect to be Dooce, Problogger or Techcrunch next week.

    Growing your audience takes time, hard work and even some money. We’re going to be talking about growing your following in a later post, so we’ll be visiting this topic again. If you’re satisfied with a few hundred readers on your blog, that’s perfectly fine, but if you want to have an audience of thousands or tens of thousands, you have to have a plan to get there.

    And finally, a lack of financial plan is the kiss of death when it comes to blogging for profit. Knowing your monetization plan before you start makes it easier to shape your blog around those plans.

    For example, if you plan to sell advertising, designing your blog with this in mind makes it easier to add advertisers when you’re ready. You also need large traffic numbers to earn good money through advertising, so a traffic plan needs to be in place too.

    In my next post, I’ll talk about monetization methods and this should help you carve out a financial plan for yourself. 

    If you’ve been blogging and you’re thinking to yourself that you haven’t really thought some or all of these things through below, don’t worry. All is not lost.

    While it’s easier to start with a concrete plan from the outset, everything can be corrected. That’s the beauty of the Internet…everything can be changed and it doesn’t have to cost much to do it. If this describes you, start brainstorming now.

    What makes you unique in your niche? Why do people come to read your stuff?

    How will you grow your audience?

    How will your blog make you money?

    Just write as many ideas you can for each and don’t worry if the ideas don’t flow quickly right now. Keep those brainstorming sheets as we talk about these topics in more depth in the coming posts. You’ll have plenty more ideas by the time I’m finished here. 🙂

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  • True Freedom: Make Your Summer Business Plan of Attack Your Year-Round Approach


    Over the last little while, I’ve shared a few tips on getting more done with less time and obviously, our focus has been on keeping things together through the many wonderful distractions of summer. But keep in mind, the approaches we’ve discussed can certainly apply all year round.

    Most of us started our businesses because we wanted freedom and really, we have it right here for ourselves when we need it. I’d like to do a little wrap up of my previous posts, so you can create the schedule for your business that you want.

    • Be Disciplined: It may seem contradictory to tell you to be disciplined when you’re actually seeking freedom, but the more disciplined you are, the more time you will have to do what you really want to be doing. Setting your work hours and planning your work days go a long way to ensuring you have time to do everything you set out to do.

    • Be Flexible: On the other hand, not everything has to be written in stone. Sometimes we take on more than we can chew. Other times, we focus on things that just don’t work and we need to make a change. Don’t be afraid to make changes that are good for you and your business.

    • Get Help: I can’t stress it enough, but don’t go it alone. If you’re doing everything, you’ll forever be chained to your computer. Hire an assistant, take on a business partner or even barter where you can.

    • Focus on What You’re Good At: When you have a team in place, it’s easy to focus on the stuff you like to do and do well. It’s much easier to stay disciplined and motivated when you get to do what you love.

    • Plant the Seeds Now: Whether you’re planning a vacation or something unexpected happens, having things in place will help you go far. That includes building your team, growing your mailing list, developing a steady stream of traffic and all the things that you need to keep your business moving along. So enjoy the rest of your summer and enjoy every moment of what you do.

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