10 Tips for Better Blog Monetization & Profit – Part Two
If you missed the first post on 10 Tips for Better Blog Monetization, click here to review the first five topics discussed. Today we will showcase the last five topics of discussion for maximizing profits through blogging.
Paid Forum / Membership Areas
One of the growing trends in the “make money online” blogger area has been to create your own membership based forums. I’ve actually joined a few of these forums and found they are well worth the dollar or so it costs per day to access them. From a blog owner point of view, if you can get enough paying members, it’s a great side income and really adds value to your site. From a forum user view, some of these forums offer quality advice and case studies for the low membership fees of around $30 a month.
Yes, the dreaded and hated Google Adsense made the list! As much as Google Adsense is hated among the “smart” marketers, it is still a great starting point for a new blogger. For a new blogger or site, Google Adsense can quickly show your page stats while giving you a taste if people are clicking on your site, and just visit your blog to see what ads are showing, and you will have an idea on what they are clicking. Whether you stick with Google Adsense and make a few pennies per click, or decide to monetize and sell your own advertising or find relevant affiliate programs… that’s up to you.
Self Promotion & Consultations
Why are most of us blogging in the first place? For many of us, we want to grow our name recognition and our brand. Blogging is one of the cheapest, easiest and fasted ways to get noticed. Once you blog is established, so is your name. With everything now in place, you are in a position where you can start to sell yourself and your expertise. Throw up a “hire me” like page on your site and offer services like public speaking, attend your event and consultation services… see if anyone bites, you may have a whole knew source of income your never thought existed!
Paid Blog Post Reviews
Everyone wants more exposure for their blogs and business, whether it be through text links, banner ads or even review posts. Not all blogs offer review posts, but many do. There are also many “paid post” services available, such as SocialSpark, ReviewMe and many smaller independent companies. You also always have the option to handle review requests yourself. It’s best to only review services and sites on your blog that are relevant to your audience.
Established Blog Flipping
Now that you have a great list of ways to monetize your blog, your last option can be your most profitable. There is a whole industry of single person businesses building up small niche blogs, then flipping them for a quick profit on sites like Flippa.com. Small sites will only bring in so much money, but at the same time I’ve seen blogs sell for over six figures on these sites. Continually build up your blog with quality content, grow your RSS and subscribers, and creating legitimate revenue sources almost always results in a high interest blog sales auction.
There you have it. Ten tips for better monetizing your blog and bring in profits. If you’d like to add anything to the list, feel free to leave a comment. You can also download my free 130 page guide on Six Figure Affiliate Blogging and how 25 other well known six figure affiliates and bloggers are making their money online.
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