Did you know that there are currently millions of people around the globe that are earning a full time living from something as simple as blogging?
Chances are that many of you may have heard of the term at some time or another but were you aware of the fact that you can actually earn money for blogging about your hobbies and recommending some of your favorite products to your readers?
This is how I have been earning a full time income for the past 4+ years and I wouldn’t trade this job for anything and I absolutely love what I do.
In the following post, I’ll not only be showing you how to make money on your blog but also sharing 7 ways for you to start earning multiple sources of income from it as well.
If you have ever wondered if it’s really possible to make money with a blog, then you’ll want to stick around and continue reading as I’ll be covering all of this in detail.
1) Affiliate Marketing
This happens to be my #1 way to earn money from a blog due to the simple fact that you need no prior experience and you can actually start earning while you’re learning.
There are many places on the net that you can go to learn about affiliate marketing and some places will even let you get started learning the basics for free and offer you a discounted price to start learning the more advanced stuff.
You would basically learn how to be an affiliate for well known companies like Amazon, Walmart, Gamestop, & Best Buy to name a few.
You would then need to write product reviews based on the products you would be promoting on your blog.
2) Displaying Ads On Your Blog
Once you get your blog up and running and you have a decent amount of content and traffic coming to it, you could start earning money from displaying ads.
Now don’t expect to get rich from this alone and I wouldn’t recommend this until you have a great deal of traffic coming to your blog before implementing this.
There are many places out there where you can apply as an advertiser and get paid each time someone clicks on an ad.
These are places like Google Adsense, Chitika, Kontera, and plus many more……
If you are getting at least 800- 1000 active visitors on your site then you could stand to earn anywhere from $500 to $1,000 per month from this alone so this is definitely not something that you want to overlook.
3) Renting Out Advertising Space
Once your blog gets established and you start to gain authority in your respective niche you’ll find that other people will naturally want to advertise on your site.
This is another method that I would only recommend once you have a great deal of traffic coming to your site on a daily basis before you even think about doing this.
Of course, you would need to make sure that whatever they want to advertise on your site is relevant to the overall theme that your site represents.
You could charge anywhere from $100 a month and up depending on the nature of the advertisement.
4) Create & Sell Your Own Digital Products
After you have some experience under your belt and you have mastered the art of selling other people’s products and you’re ready to move on to the more advanced stuff, you should seriously consider creating your own digital product.
Why create your own product?
Well, I think the more appropriate question here would be, why wouldn’t you?
Here are just a few of the many benefits of creating your own product:
- Keep 100% of the sale (Instead of a portion with affiliate marketing)
- No shipping as digital products can be delivered via email
- A great source of residual income
- Have other people sell your products and earn even more
This is also more along the advanced strategies that you shouldn’t attempt until you have some experience in the online world and you’re ready to take things to the next level.
This could be anything from an e-book to a PDF file of some sort and one of the most profitable ways for you to earn money from your blog.
The best way for you to be successful with this is for you to ask your audience what they need help with or would like to learn more about and create a product around this.
5) Build An Email List
I’m sure that many of you may have heard that the money is in the list and you’re wondering just how true this statement is in 2018?
Well, email marketing still is one of the best ways to earn from your blog and this doesn’t show any signs of slowing down in 2018.
This can also be one of your biggest assets in the online world as this is something that you own that will continue to grow as time goes on.
One of the best ways to start building your list is by offering your visitors something of value like a free ebook or a mini-course of some kind in exchange for their name and email address.
Once you have developed a relationship and built some trust with them you can eventually start promoting various products and start earning affiliate commissions.
6) CPA Marketing
Similar to affiliate marketing, this type of marketing technique is where you can get paid when someone completes a form, signs up for a service, or completes some kind of action on your blog.
Unlike affiliate marketing where people will need to make a purchase in order for you to get paid, with this business model you can earn money without your visitors having to spend money.
There are many different types of CPA offers and not all of them are based on free stuff.
Some require the user to either make a purchase or deposit money into an account of some kind.
This would be an excellent income source for either newbies or advanced marketers to earn an extra income and this makes up for a small portion of my monthly earnings.
7) Guest Blogging
If your blog is established and you have a good amount of authority in your niche then you might want to consider having other reputable blogs/websites writing a guest post on your website.
While this method has been around for quite some time now, this is still a pretty effective way to earn some extra money from your blog and something I would recommend to anyone.
Your pay could range anywhere from $25 up to $100 or more depending on who the guest blogger is and their level of expertise in your niche.
Ready To Get Started Earning Money From Your Blog?
Learning the proper way to create a profitable blog that makes you money consistently can be quite a challenge and be very time consuming as well.
If you were to only implement a few of these things that I listed in this post today you would be off to a great start and on your way to having an uber-successful 2018.
Before you can start to put any of the things that I mentioned into action you’re going to need to learn how all of this works first.
Of course, you could learn a few of the core basics by doing a simple Google search but chances are that you’ll be overwhelmed and not have a clue what you’re supposed to do.
Trust me I speak from experience as this was the same thing I did when I first started out in the online world.
If you’re serious about learning how to create a blog and learning how to monetize it with the 7 ideas that I’ve listed for you guys above then I would highly recommend that you check out a company called Wealthy Affiliate.
It’s because of their step by step task based training that I was able to finally learn how to earn a full time living from this very website that you’re reading right now.
They make it super simple for you to get started by offering a free starter membership that includes everything you need to get up and running and get your blog live on the internet.
I will also be there to help you get started and answer any questions that you may have.
What have you got to lose?
I really hope this post has helped you guys out and given you some excellent ideas for you to utilize and make 2018 one of your most profitable years yet.
Still, have questions for me or don’t quite understand anything that I’ve listed above?
Feel free to leave your questions, comments or any additional feedback for me in the comments below
Sunaina
Hi Scott,
This was an excellent article and I was able to learn quite a few ways for me to build multiple income streams in 2018. Thank you so much for sharing this valuable information with us today.
I look forward to reading many of your future posts and please keep up the great work you’re doing here.
Sunaina
Scott Newkirk
Hi Sunaina,
I’m glad that this information has helped you out and I’m delighted to hear that you were able to build multiple income streams from reading this article.
Thanks so much for stopping by today and letting me know how much this info has helped you out. I really appreciate it and it makes me feel good inside.
~Scott~