If you are getting a good traffic on your blog it is the time to monetize your wordpress blog. You have been a blogger for a while but with marketing you will be an entrepreneur. There are a variety of ways to monetize your blog. Advertising, Ads and other paid services let you earn a good amount so that you can make it a business. It is very important to consider blogging as a business if you want to generate revenue from it. You need to implement some important strategies that will help you grow your traffic and build your blog as a brand. First you need to have a good domain name and an affordable web hosting. Web hosting may include linux vps hosting, windows vps hosting, 4gb vps hosting, etc.
Below are the 3 primary revenue generation systems that you can use for your blog.
1. Google AdSense
The first and the easiest way to monetize a website is the Google AdSense network. AdSense is super simple to set up on your website. It only demands general high traffic because you don’t need to bring conversions on the wordpress blog. You just want to generate clicks. It is important that you place ads at the right places on the web pages so that the readers are not disturbed by them. You have to choose the right type of ads that have high Click Through Rate (CTR) and a high Cost Per Click (CPC).
There are two types of AdSense blogs:
- Based on impressions: This depends on page views. For instance, for every 1,000 page views you get, you earn a set dollar amount.
- Based on clicks: Regardless of page views, you earn if a visitor clicks on the ad on your site, you’ll earn a certain cut of the ad revenue. This can range anywhere from $0.01 to a couple of dollars depending on the ad.
It’s a great way to make money and serve your users but you can earn high only if you have high traffic. If you want to earn more with low or medium traffic AdSense is not the right way to monetize your blog.
2. Affiliate Marketing
Affiliate marketing is a performance based marketing where you earn if you generate sales. As the blogger, you need to include links to a products or services that other online businesses offer. If you generate targeted visitors and they click on that link and purchase the good or service, you get paid commission for helping for the sale.
There are hundreds of affiliate programs available and you can choose the best profitable one according to your niche and profitability. If you choose to join an affiliate program, it’s always a good idea to:
- Only promote products related to your blogging niche.
- Only promote products you’ve personally used experimented with.
- Include a disclaimer to intimate your readers that you do not cheat anybody.
You can start by joining a popular program such as:
- Amazon Associates
You don’t just need to monetise your sites only with big affiliate networks. You can earn small affiliate programs as well. Only that it needs to be relevant to your niche. For example, some authority is selling products or services in your niche you can take the opportunity to promote their products and services for a handsome commission.
3. Paid Reviews and/or Banner-ads
If your blog is generating a decent amount of traffic, businesses can approach you to sponsor your wordpress or other blog. They come up with two types of requests.:
- Paid reviews or sponsorship posts
- Banner ads
Paid reviews are when you write product reviews for a company product and they pay you for the review. In case of small businesses, they will sponsor a post in exchange for a link back to their website. Banner ads are just what they mean. They are banner styled ads places on your wordpress blog for which you lease space for the ad and get paid monthly in return.
If you know how to start the blog and know how to bring traffic to your blog you can generate sales fast. Along with that you can also collect the emails of the visitors and build an email list that will enable you to do email marketing. The most important thing to understand is that you can earn money from your wordpress blog only by being relevant and genuine.