Do you want to quit your job to follow your dream and earning a full time income from an online business?
Well, all this is definitely possible with a blog. Just like any business, it is a mater of finding a market and implementing the right strategies. Some people are already earning a six figure income from blogging.
The key is to monetize your blog effectively and there really is no better time to do this than now. With new options and opportunities arising all the time, so let jump right into the most effective techniques you can use to make real profits with your blog.
Attract Lucrative Online Advertising by Signing Up for Free Ad Program
Many companies have seen how blogs are targeted to specific markets can build up huge loyal readership and they had started trying to reach this audience through blog advertising
This had led to the creation of ads program designed specifically to put bloggers and advertisers together allowing advertisers to reach the blog audience while giving blogger a way to earn an income.
It is usually very quick and easy to sign up for these programs and once you do, you can effectively create a product blog without actually selling anything yourself.
It is the best to specialize in a certain product category, such as digital cameras, ballet shoes or office supplies but you can also target specific products on a monthly basis.
Google Adsense: The most well known advertising program is Google Adsense. Google program makes contextual text ads or image ads appear on your website next to relevant content. Every time someone clicks on of the ads on your page, you are paid a percentage of the advertiser fee to Google. So for example if the advertiser is paying 20 cent per click, you might receive 50% of that. It is not a huge amount but multiplied by hundreds or thousands of clicks, your Adsense revenues can really add up.
Try targeting popular keywords that cost advertisers more per click. These are commonly found in the most competitive industries such as electronic and travel.
It is certainly possible to create blog containing articles that target the keywords. But you will need to attract lots of traffic to make it pays and you will face a lot more competition for this traffic.
If you generate lots of traffic especially traffic targeted to a particular niche market then you are able to generate a very respectable income with Adsense. Some bloggers earn several thousands dollars a month from Adsense but you must need very high levels of traffic to get to that level. A handful of bloggers even earn as much as six figures annually through their various blogs monetized with Adsense and other ad program. Initially, you may at least be able to earn enough to cover any blogging expenses you had incurred and built from there as you add more content.
BlogAds: Another potential source of advertising dollars in BlogAds. BlogAds is an advertising network through which members earn anywhere from $10 to $5000 a month from individual ads. Many high traffic blogs such as the political blog are their members. Like all online advertising, the more traffic you pull in, the more advertisers are willing to pay to place their ads on your site.
Unlike Google Adsense, BlogAds does not use contextual advertising and it doesn’t pay by click. Instead a company pays to appear on your blog for a set period of time. Again, you need god traffic to be able to persuade advertisers to pay money to be featured on your site.
Chitika eminimalls: A relatively new option is chitika eminimalls. These service works on the same principle as Google Adsense, the ads that appear on your blog are related to the content of your blog. However, Chitika are all selling products unlike Adsense advertisers whose ads also promote services and information websites.
Yahoo and MSN advertising program: Another couple of services definitely worth looking at come from Google two big rival, yahoo and msn.
Get Paid To Sell Other People Products
Another way you can use your blog to make money from someone else products is by signing up for an affiliate program.
An affiliate program is an internet marketing strategy that you can use to expand your reach on the web and generate more sales.
When you become an affiliate, the affiliate program operator provides you with unique ID numbers that allow them to track the sales that come from your blog. They will often also provide you with all the advertising tools you need to promote their products on your blog.
By creating an affiliate program, internet businesses are effectively recruiting you as part of their online sales force, so it can be a very profitable strategy for them, even after the referral fees they have to pay to their affiliates. They don’t pay you a penny until a visitor you refer to them makes a purchase, so it is risk free and a win-win situation for both parties.
Most of these programs especially digital information products pay very well. To make the most out of these strategies, it is best to focus on one or two high paying affiliate programs that sell products that will appeal to your blog’s target audience.
Here are some types on how to profit from using affiliate programs on your blog
• Only sell products that will appeal to your target audience
• Only sell quality products
• Target high paying programs that convert well
• Make sure all of your sales are tracked
• Position your affiliate links carefully
There are a number of affiliate programs that have become very popular with bloggers. In my monetization guide I will share more about it. Example of places you can register to sell affiliate products is Dealdotcom, Clickbank and CJ.
Create your own information product and sell it through your blog.
A step above from promoting or selling other people products on your blog is to create and sell your own.
The good news is this is not as difficult as it might sound. That is because information products are hot items on the internet. By saying information products, we mean electronic books or eBook and other packaged information that can be downloaded from the internet
The great thing about product like eBook is that your customers receive their purchase almost immediately and you don’t have to worry about printing cost, production and mailing cost eating into your profits.
So if you are an expert in digital photography for example and are already blogging on this subject, you could put together a product like “beginner guide to taking great digitial photo”. The important thing is to provide credible, useful information that you know your target audience needs and wants.
Places you can sell your own product Clickbank and Paydotcom. Or register a Paypal account to manage your own sales
Charge People for your “Premium” Blog Content
An alternative or addition to writing an eBook is to sell your expertise in a particular area through a subscription only blog. Most blog providers like Wordpress allow you to password protect your blog so you can write about your subject area and invite your readers to subscribe to a members only area for the complete version for a Premium or for FREE!
Types of Monetization Methods
1. Contextual Advertising
2. Display Advertising
3. Targeted Advertising
4. Text Link Advertising
5. Affiliate Links
6. Selling Your Content (eBooks, Videos, DVDs)
7. Consulting
8. Donations
9. Selling Products
10. Selling Your Blog
Some of the above monetization platforms are Text Link Ads, Chitika, SponsoredReviews and Widgetbucks. Register them now for FREE now!
Conclusion
As you can see, it is certainly possible to earn an income from blogging, even if you don’t have an online or offline business to promote. The key is to combine a few programs and techniques, while at the same time keeping your site focused and relevant to your target audience. In our MFB Monetization Guide 2008 we will be sharing more ways that you can monetize your blog. Not only we will give you more tactics and strategies, we also selected the top 10-15 monetization platforms and reviewed all of them. Best of all, we have short listed the 5 most lucrative platforms and will coach you how to make full use of it to get maximum income from each of them. We have also design a MFB Monthly Income Monitor Chart so that you can set appropriate income goals and see how it process towards it.
Visit Us: http://www.moneyfromblog.com/main-index.html
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