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6 Ways to monetize your blog
Blogs are excellent platforms for monetization due to their ability to attract and engage a dedicated audience. In this post, I will show you 6 of the best ways to monetize your blog.
Sponsors
Getting sponsors is a great way to monetize a blog. Sponsors pay you for including a section in your blog post that promotes their company. This can be a simple link or even a dedicated article promoting the company.
The amount you can charge for a sponsorship depends a lot on your niche and audience. However, you can expect to earn around $20 for every one thousand monthly visitors to your blog for a sponsorship.
You can have multiple sponsors on the same blog post and sell sponsorship packages where sponsors can buy multiple placements.
To get sponsors, you can put a line in your blog's contact page linking to a booking form or you can reach out to companies on LinkedIn.
Ads
Another way to monetize a blog is with ads. Companies like Google AdSense will display ads on your blog, and you earn money whenever visitors view or click on these ads.
Ad networks like MediaVine or AdThrive offer higher revenue potential if you have substantial traffic.
Affiliate Marketing
Affiliate marketing is where you get paid a commission for selling someone else’s product.
To make money from affiliate marketing with a blog, you include links to products where you get paid a commission for any sales.
To find affiliate opportunities, look for companies in your niche and see if they have affiliate programs or message them.
Premium Content
You can create premium content that is only accessible to subscribers who pay a monthly fee.
This can be a great way to add recurring revenue to your blog. Premium content could include in-depth articles, exclusive tutorials, or members-only forums.
Platforms like Patreon or Memberful can help you manage premium subscriptions.
Physical Products
Another option is to create your own physical products that you promote through your blog.
Examples could be t-shirts with custom designs or physical products that you dropship through Shopify.
Digital Products
The overall best way to monetize a blog is with digital products. This is where you create a product that is completely digital and sell it to your audience.
Examples can be courses, ebooks, or digital downloads.
To sell digital products, you can use platforms like Gumroad, Lemonsqueezy, or Podia.
I go into full detail about growing a digital creator business in the Digital Creator 2.0.