So you have a blog (if you don’t sign up with SiteGround. Click here to learn how to setup a blog) but don’t know how to monetize it? Hopefully you’ve been building up your mailing list up until this point because your subscribers will be cruicial. If you have great! If you have not been, you must get on it immediately. Alright, llet’smove on so that I can show you 3 ways how to make money blogging.
Affiliate SalesThe blogger entice others to buy a product from another company in return for a commission.
Selling eBooksThe blogger writes a eBook with expert knowledge and sells it for profit to subscribers and/or new users.
Placement of AdsVarious different type of “ads” are placed the blog and commission is paid based on clicks and/or views.
Before we dive into the three ways of making money with your blog, lets circle back to email collection and having a list. If don’t have an opt-in email list strategy, then you’re no better than wandering around in the dark. The importance of an email list cannot be understated. The bigger the list the better.
Think about yourself, you are submerged with ads everywhere. How often do you actually stop and sign up for a list? How often do you stop yourself because you remember back to a time where you did and then you get endless spammed afterwards? Companies spend trillions of dollars each year trying to figure out how to lure you into their product and how you get them hooked.
An email list is a lightweight version of that. To actually have readers to sign themselves up to your blog says a lot about that person. They must REALLY like your writing or like what your blogging about. That’s gold and you don’t want to lose that. Say you grow your email list to a 1000 people, that literally means every time you post a new article that you at least have a 1000 people reading it. Yea I know not everyone that subscribes will read it but it certain doesn’t hurt.
So besides having dedicated people reading your blog posts, what other benefits does one gain? Well two of the three methods I listed about requires you have have a good amount of subscribers and a decent amount of traffic. Without one or the other, you will not be making any money. Selling an affiliate product or an eBook to a new reader of your blog is infinitely harder than selling to someone that has been loyal to your blog for years and trusts what you have to say or recommend.
Think about it, don’t you tend to buy products that your friends or family recommends? It’s the same thing with subscribers. To be able to track all of your subscribers and be able to blast out email updates to them, you need some kind of management tool. No spreadsheets won’t work! I recommend looking at AWeber. They are considered one of the best at helping business and bloggers track, auto respond, email blast, analyze, and sell to subscribers.
This is a good point to interject my own email signup form. 🙂 Please sign up!
Here are some well known guys in the industry talking about the importance of having an email list.