At some point in every bloggers journey they start to wonder, “how can I make money doing this”, and begin to explore how much money bloggers really make. It can be exciting to think about creating an income stream from your blog, but the road can be long and is not easy. Before you monetize your blog, there are a couple of things to consider.
get the right traffic
You hear people talk about traffic as a determining factor to how much money your blog can make. The truth is, traffic does matter, but it’s not that simple. Just because you have a lot of traffic doesn’t mean you will make lots of money.
Do you have the right traffic?
This goes back to SEO 101, where you learn how to attract the right audience to your blog. Developing a content strategy that focuses on attracting your ideal traffic is an integral part of beginning to monetize your blog.
Don’t just think traffic, think the right traffic.
Get to know your audience. Studying your analytics, and interacting on social networks with your audience gives you the opportunity to learn more about your audience. The more you know about them, the better you can serve their needs. And remember in any attempt to make money online or off, it is always about filling a need and serving others.
find the right affiliates or partners
Once you get to know who is reading your blog, then you can choose progams and partners that will be of service to your readers. If you write a blog about finances, then obviously you can partner with programs that deal with finances, such as a credit card you really recommend, or a mutual fund you like to invest in, etc.
The best way to choose affiliate programs to join is to start with products and services that you love and that have added value to you and your blog. Always be honest, and always disclose that fact that you are using affiliate links.
come up with a monetization strategy
Like always, if you don’t have a strategy you will fail. Which methods will you be using? Are you going to be using ads? What ad network willyou choose? Will you be developing your own products or services?
These are the questions you will need to ask yourself.
Then come up with a strategy, or a plan, on how you will use the tools to help you monetize. But first things first, creating content and getting the right traffic. Without it, your strategies will be worthless.
Want more goods? Check out this tutorial on how to make money with your blog.