A personal blog isn’t just a platform to voice your opinions or share your interests with the web folk anymore. Whether you’re new to the blogging circuit or own a blog that is steadily growing in popularity there is ample reason for you to consider turning it into a money-making machine. Monetizing your blog could result in a flow of steady cash for you and it may even grow big enough to become your sole source of income. As long as you have something unique to offer there’s nothing stopping you from giving this a shot. Take a look at the following essential tips and tricks that you need to be aware of in order to monetize your blog.
Know Your Niche
Before starting a blog ask yourself what is it that you really want to blog about. Discover your forte and polish the initial idea to transform it into something that people would want to read about. Once you have established where your interest lies you need to consider whether it is a subject that is popular at the moment or could become popular in the future. You could have a great looking blog with excellent content but till the time it isn’t about a subject area that anybody cares to read about there’s no way you can monetize on it. So in addition to finding your niche you should also reflect on what the latest blogging trends are.
Identify Your Target Audience
Knowing who your target audience is and understanding their requirements is the key to a successful blog. Consider what category of readers your blog is directed towards. For instance, if your blog is about home décor, is it meant primarily for regular homeowners or specifically for interior designers. By knowing which of the two you’re hoping to have as your readers you can narrow down your style and approach towards your content. Professional designers will not be interested in coming to your blog if you only offer basic decorating tips for homeowners. While homeowners would not want to read about world design trends which will doubtless appeal to designers.
Advertise Other Products
One of the most popular ways that bloggers use to monetize their blogs is through advertising. You can place a variety of ads on your blog and get paid according to models like Cost per Click (CPC) or Cost per Impression (CPI). If your blog frequently mentions different products and services in the course on the content then opting for ‘text ads’ would be a great idea for you. All these ads contain are simple text and a link to the website of the product or service. Alternately, a more attractive option is ‘banner ads’. In addition to texts, these ads also contain graphics. While it is always possible to approach a seller directly to display their ads you can also choose to participate in a number of ad networks like Google Adsense.
In affiliate marketing you promote other companies’ products and services in your blogposts and direct them to those companies’ websites. If a sale occurs as a result of clicking on the promotion on your blog, you earn a commission of the profit. There are many affiliate programs available out there that you can choose to enroll yourself in. Ideally you should go for those programs that are associated with ads relevant to your content. The more contextual the promotion is to your blogposts the more likely a reader will click on it. Once again, understanding your target audience and knowing what kind of products will appeal to them will prove beneficial in deciding which affiliate programs to sign on for.