Your blog is growing and you would like to start making money for the hard work that you put into it. How do you go about doing that? Here are eight suggestions to get you started on monetizing your business blog. Most of the advice on this page is also suitable for non-business blog owners as well. I am going to focus on methods and strategies designed to help you create new income streams. Clicks are worth money online, and so you need to make sure yours are well-targeted. As you will discover, there is more than one way to benefit from your most popular posts. And the majority of the suggestions below are simple to implement.
Run Promotions For Other Brands
There is nothing wrong with running promotions on your blog. You can find websites where you can list your blog so that you are found by advertisers. They will then get in touch with you whenever they want to push something relevant. You can charge to add their promotion to your page and create a decent level of income. Just make sure you continue to publish well-written content. Otherwise, Google will start to consider your blog as nothing more than spam. It is vital that you never copy and paste text from other sites, and that you come up with unique concepts. It will help to draw more attention to your blog and also help to generate more income.
Try Affiliate Marketing
Affiliate marketing could be perfect if your business exists within a popular niche. Often, those with small markets will pay more commission to the right website owners. Let’s presume your business focuses on business loans. You could place links on your site that drive traffic towards a particular bank. Presuming the user then goes on to purchase a loan, you will make a commission on the profit made. It’s a very simple concept, and it could help to boost your income. Again, just don’t make the mistake of putting hundreds of ads all over your blog. People will stop visiting your site if they cannot navigate around it smoothly and ads are popping up all over the place.
Sell Your Products
Lots of business owners run websites without selling their products online. There are a couple of reasons for that. Some of them don’t know how to do it securely, and others can’t make a profit when delivery costs are involved. You can solve both of those issues in less than half an hour. Just look for a Shopify discount code that will allow you to get a fourteen-day free trial. That way, you don’t have to spend anything to see the benefits first hand. Shopify is the best-integrated platform for safely selling your products online. You can list as many items in your portal as possible. Buyers also don’t have to worry about their personal details being compromised.
Provide Advertising Space
Providing advertising space for other businesses is a great way of generating extra income. You will need to know approximately how many views that their banner may receive. Then you can work out a fair package for everyone involved. Depending on the nature of your industry, you could make thousands from advertising each year. Those in specific niches can charge more to place banners on their pages. However, selling the advertising slots yourself is not the only option as you will soon discover.
Use Google AdSense
For those of you who don’t have the time to sell ad space privately you may want to consider Google AdSense. It is the simplest and most effective way to monetize your business blog. Companies using Adwords have the option to select niche sites for their promotions. All you have to do is to install some code provided by Google on your blog. Google will do the rest. The amount that you can make with Google AdSense varies and is hard to predict. There are just too many variables at play to say for sure. The location where you receive your traffic is important. Blogs and sites with visitors from the UK and the US tend to earn more. To give you an average – and this is only an average – you might earn close to $500 per every 100,000 views.
Charge For Membership
You’ll need a very popular blog for this one to work. Charging for membership is only a good idea if you are providing something valuable to the reader. For instance, sites that publish cutting-edge business tips can charge for their services. Likewise, those publishing offers that can’t be found anywhere else should be fine. Do not try to charge for membership for a standard blog. Nobody will pay the money, and your traffic levels will decrease dramatically.
Get A Sponsor
Those who get millions of hits on their site every day should find it easy to locate a sponsor. You can offer a sponsor exclusivity on your blog or site and only have ads running from them. In return a sponsor would effectively cover all the running costs and any other expenses. You’ve all seen sponsors mentioned at the start of TV programs, right? Well, it’s pretty much the same thing. The amount of cash you make will depend on the size and quality of your blog. Again, there are domains where professionals focus on brokering a good deal.
You might be surprised to learn that millions of people listen to podcasts every single week. Indeed, there are plenty of businesses out there making a fortune from the endeavor. You only need some basic recording equipment to get started and there are a lot of sites that offer tutorials to get you started. Once you have you podcasts, you can promote them on your blog and even sell them via popular online services. It’s probably true that you’re not going to make much from each sale. However, it will keep people coming back to your site for more. You may think that making 1 cent might not sound amazing, but people who do that consistently build up wealth over time. Little amounts can add up quickly.
At least a couple of the ideas mentioned above should be suitable for your business blog. It doesn’t matter how your company makes a profit; there are always new methods of increasing your income. You can try out some of the methods mentioned above and experiment with other ways too. You will soon discover which is most suitable for your business blog. If you have products to sell and are not yet doing it online I recommend starting there. Shopify is a great way to start. I have been to their head quarters located in Ottawa. They have a great workplace culture and provide excellent service.
Photo Credit: Pixabay