by Will Rogers
If you’ve been blogging for any real length of time, you know there’s a bunch of bad ideas out there for how to make money from blogging. You know the ones. It’s the same folks who’ll tell you it’s quick and easy to blog and make a fortune.
Well, there’s another ditch to run face-first into as well: the it’s-too-tough-to-make money from blogging. Here’s the deal: not long ago, it used to be super difficult to make any money from blogging. Remember all of the disjointed tools? Then there was the cost of all of those disjointed tools. And, you pretty much needed an advanced degree to actually use the expensive, disjointed tools.
Nowadays, many folks make money from blogging. And, honestly, lots of people don’t. How much money can you make from blogging? Answer: it depends. I’ve heard stories of bloggers who report making millions of dollars per year—or better yet—while they sleep. While other bloggers make, actually almost 90 percent of bloggers, make an average of less than $10,000 per year.
I have no idea where you are on this scale or where you want to be. But, you’re here, which means you’ve probably been blogging for a while and figure it’s time to go pro. Another guess is you have a decent amount of page views. But, you also get that a lot of barriers exist - you’re crunched for time, you don’t have a ton of money to throw at this whole thing, and you probably don’t have the technical expertise that’s necessary for running all of the different systems it takes to be even a little bit successful (see my rant above about disjointed tools).
Anyway, you’re here. You’re looking for help. You understand the challenge is not can you monetize, but how? Maybe you already know some folks who are making money blogging. So you aren’t questioning that. But, you have no idea where to start related to how to monetize a blog. Which approach is right for you? When should you start said approach—right this second or wait until you have one billion followers? And, let’s say you start within the hour and you make a few bucks. What now? At what point will you know if this whole thing is actually working?
There are a bunch of methods you could use to monetize a blog. I’m not pretending this post is exhaustive by any measure. But, my hope is the following list will either remind you to try one of these ways—or—jumpstart your thinking and try one or more of them out for your blog.
Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. There are many different affiliate marketing networks to use. One of the biggest affiliate marketing networks Amazon. Point is: you find a product you like, promote it to others, and earn a small percentage of the profit for each sale you make.
This can happen a lot of ways. One great way is selling advertising to businesses because your blog has a good number of page views.
Selling digital products on your blog might mean selling anything from eBooks as short as a few pages. As long as it’s helpful, there’s often a market for quick and helpful eBooks. But, it’s not limited to this. You can also sell any resource that’s helpful to your audience. It could be any content you can put into a PDF. Write it down and sell it!
Depending on your audience and the content you create, you should consider creating courses to walk your followers through step-by-step on how to do something or get better at something else. You might not think you are online course material but you might be surprised. We often ask people what they find themselves explaining to others all of the time. There you have it! That's your course.
Consider what questions your readers are asking you all of the time. Can you package some consulting services and sell them? What about your teaching or facilitation? What if you trained others in how to do something in person or online? One of our clients offers services to onboard new clients and has packaged these services to be simple, understandable, and yes, even desirable.
This idea is not often thought about. But, consider selling sponsorship placement on your blog. This could mean selling sponsors on any of the above mentioned ideas or on certain pages of your blog. As long as the brand or sponsor fits yours and they want your audience to see their business, you have an opportunity to sell sponsorships. That actually is you “making money while you sleep”! : )
I’m not going to lie. This isn’t easy. But, if you have the traffic and you’ve written lots of content, then it might just be time to consider creating a space and content that your readers have to pay to access by membership. We've seen many learn to how to take their communities digital and grow their memberships or tribes launch a membership program - both with great success. One community has built a community of tens of thousands of individuals which turned in to over 800 groups around the world. This is when membership has some real teeth.
Now that you have seven ideas you’ve either been reminded of or thinking about for the first time. What now? How in the world will you decide which one to do? And when? Well, I mentioned that I’m here to help!
So, here are three questions you can ask yourself right now to help you pick the right method for you:
1. Which monetization method is reasonable to achieve today (and not sometime out in the future)?
2. Which method gets you the most excited?
3. Do people trust you as a guide?
Now, here’s the biggest secret: Don’t overcomplicate things.Your natural tendency, because this is your passion—will be to overthink it. Don’t! At this stage, it’s way more important to just get started. Just start. Pick one of these ideas and run. You’ll figure it out on the way. I’ll be right here to help as you learn. Remember, to try and fail is to learn. Try some one idea. Even if you only make a few dollars, that’s better than nothing. You never know what might happen after that. Who knows, one of these ideas might actually work in your real life.
You want to have a significant impact on the world AND generate revenue. In order to do that you need valuable resources and a means to deliver those great resources. Download the free eBook: 5 ways to monetize your community.
About the author: Will Rogers is the Founder and CEO of CauseMachine. Will’s career has been spent leading organizations and helping to mobilize communities to shared vision. He has served in various leadership roles to build community engagement and movements teaching him valuable hands on skills and experience. Will has developed business and community engagement strategies for dozens of organizations in nearly 50 countries. He and his wife have two sons and now live in Kentucky after two decades in Colorado.