5 Ways to Monetize Your Blog

Blogging for Profit always seems to be a topic of interest among those who aspire to blog their days away and make a living from the comfort of their own home.

As an entrepreneur who blogs, I’ve divided my laundry list of ‘money making activities’ into 5 categories that you can use as point of reference. Starting with this list and the right amount of creativity, you can sell just about anything from your blog.

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MONETIZE YOUR BLOG VIA ADVERTISING
My first recommendation is by far the most commonly used. Creating opportunities for other people to advertise on your blog is one route you can take if you are a serious blogger with a solid community of readers. You can start off with Google Adsense to get used to integrating ads into your space and generating a profit. You can also directly sell ad space to individuals. Keep in mind that generating revenue from ads on your blog is not limited to text links and banners. For example, if you blog about books think about how many authors in need of exposure would pay you to write a sponsored book review. As I mentioned above, if you are creative, the profit possibilities are endless.

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MONETIZE YOUR BLOG BY SELLING PRODUCTS
Last year I developed a website / blog for Couture Queen (www.couturequeen.net), a plus size boutique in Maryland. Using a blog in combination with an online store, we were able to expand her sales reach to customers interested in shopping online and potential customers searching for plus size clothing online. What’s great about blogs is you don’t need to have a brick and mortar location to sell products and you are not limited to only selling items you produce. Outside of creating your own products, consider other options like drop shipping, direct sales, and affiliate marketing. Every day bloggers make a living online selling other people’s stuff too!

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MONETIZE YOUR BLOG VIA TEACHING
As you can probably tell from my SistaSense blog, “Teaching Sells”! If you enjoy sharing your know how with the world, consider all the different ways you can teach online and all the different topics you can choose from. Blogging alone is an ‘in demand’ topic with a wide range of areas people want to know about. Blog Marketing, Using Social Media, and Writing Content are just a few areas people want to learn about via events, coaching, consultations, webinars, books, online courses and several other types of products that I will discuss next.

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MONETIZE YOUR BLOG VIA CONTENT CONVERSION
Think about your blog and what you write on your blog as two separate entities. You can actually take the material you’ve been blogging about and convert it into digital and/or physical products that you can sell for profit. Some of my best selling offers were originally posts from my blog that I turned into digital products like audio series and eBooks or physical products like the SistaSense Magazine and the Power Circle CD Series.

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MONETIZE YOUR BLOG VIA FREELANCE OPPORTUNITIES
If you enjoy blogging then it’s possible you’ve spent some time working on your writing skills, marketing skills, and/or design skills. While some people will pay you to teach them, others will pay you to do it for them. For example, there are tons of websites online like fiver.com, elance.com, and craigslist.com where you’ll find tons of people and publications either looking for or selling their writing services. Would you consider being one of them?
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To sum it up, your options are Freelance Work, Content Conversion, Teaching, Selling Products, and Advertising Opportunities. Use these 5 categories with a little creativity and you have a solid starting point.
This article was featured in SistaSense Magazine Summer 2012 Issue – (click here to download).

For more tips review my Monetize Your Blog 31 Day Challenge.