How To Monetize a Blog & Make Extra Money Online? (2023)

What is Blog Monetization?

Blog Monetization is the process of earning a reliable income from your blog content, using advertising, sponsored content & affiliate marketing through selling digital or physical products. For the past few decades, many online marketers have considered blogging as a very reliable income source & are earning a long-term passive income with it.

If you are a beginner, you are required to have patience & be consistence with creating high-quality content. If you are looking to make money fast, blogging might not be the option for you, since it takes a long time to succeed with your blogs. Some bloggers monetize their blogs to earn a full-time income, while others do it as a way to supplement their income or to cover the costs of running the blog.

Related: How To Start a Blog in 2023?

Blog Monetization with Google Adsense:

When it comes to blog monetization Google Adsense is the number 1 platform you can consider to make money online with your blogs. The main reason why many people are blogging is to earn revenue from website visitors, which we called as Monetization. With Google Adsense, you will put a code into your website & get paid in CPM (cost per 1000) or per click. 

However, initially, if you are a beginner, you might face challenges to get approved with google Adsense. It's important to remember that the amount of money that you can earn through AdSense will depend on many factors. These may include the topic of your blog (niche), the traffic to your site, the country of website visitors & the relevance of the ads to your content.

7 Ways To Make Money Online with Blog Monetization:

The term 'making money with your blog' becomes real when you have consistent website visitors every day, whether it is organic traffic or direct traffic. When you have a lot of traffic it becomes really easy to monetize your blog using several ways, not just by Google Adsense.

You can earn passive income online with your blogs or website. Here are 7 ways to make money online with blog monetization:

Monetize with Advertising:

One of the most common ways to monetize a blog is using advertising. You will be displaying ads, sponsored content & sponsored reviews to earn income with your blog. Some of the popular advertising platforms apart from Google Adsense are; 

Monetize with Affiliate marketing:

Affiliate marketing is another great option by which you can make money with blogging if displaying ads is not what you prefer. It involves promoting other people's products & earning a commission for each sale that you make. Some of the most popular affiliate marketing platforms are:

Monetize with Sponsored content:

Sponsored content is a piece of promotional media that's paid for by an individual or brand, but created & shared by another publisher, brand, or influencer. Sponsored content can be in the form of videos, paid articles, tweets, Instagram posts, Facebook posts, infographics & more. As a blogger you can check out these 10 Best Sponsored Post Networks to make money with your content;

Monetize with Selling digital products:

You can also monetize your blogs by selling digital products online since it doesn't require you to invest a lot of money. Digital products are highly profitable because you just need to create the product once and sell it again & again. When you have a blog with a good amount of website traffic, you can sell digital products & make money with it. Some of the best-selling digital products are;

Monetize with Selling physical products:

When it comes to monetizing your blog by selling physical products you need to have a good business setup before getting started. Whether you sell it through dropshipping business model or through direct shipping, you must have a plan. While choosing products to sell choose the ones that have a high demand and good profit margin. Below are some of the best-selling physical products that can make you money;

Monetize with consulting services:

Consulting business is one of the most profitable businesses that you can do working from home. When it comes to making money with consulting business, you will be always in profit since you are selling a service. If you are an expert in a particular niche you can help others to succeed with your knowledge & experiences. Every beginner or newbie needs a consultant when they start something new, to guide them & maximize the results in a short time. You can monetize your blog traffic & make money with some of these consulting businesses;

Monetize with freelance services:

If you have a skill that you can use to offer your clients, Freelancing is one of the best options to make money. You can sell a service related to your blogging niche & earn additional income by promoting the services with your blogs. Some of the most famous Freelance skills to make money with your content are;

Monetize with membership programs:

Membership programs are those programs that provide exclusive perks to members who subscribe to your monthly plans, by which you can make money. With such programs, you will allow the members to access high-value content or digital products that are not accessible to normal website visitors. You can monetize your blog with a membership program related to your content or blogging niche & make extra income. Below are some examples of membership sites that make a lot of money with subscription base models;

Ladyboss Women's Health

Smart Bloggers

Succulents & Sunshine

Jan Spiller Astrology

Magnetic Memory Methods

Monetize with Email Marketing List Building:

Email Marketing is one of the fastest & most responsive forms of marketing that will allow you to make a profit overnight. However, building a targeted email list takes a lot of time and you need consistency to succeed with email marketing. If you have a large audience & lots of website visitors you can monetize your blog with email list building. 

First, you need to create a highly responsive landing page that will allow users to opt-in to your newsletter or product information. While building the landing page make sure to give free benefits or offers to members who subscribe to your newsletter services. Build a long-term relationship with your subscriber, gaining their trust. Then whatever you promote & sell, people will be interested in buying from you, if they trust you.

Monetize with Donations or Patreon:

Last but not least, you can monetize your blog using donations or Patreon which is a subscription-based platform. This is another simple method to make money with your blog. With Donation, you can include a "Donate" button for your website visitors to click & send money directly using Paypal. This is like an appreciation to pay you & help you with your work. Many bloggers & content creators do this & earn some extra money for their work. You can also use Patreon which allows users to get exclusive benefits or merchandise with a monthly fee to support the content creator.

Pros & Cons of Blog Monetization:

Pros of blog monetization:

Cons of blog monetization:

Conclusion:

Monetizing a blog is what every blogger wants & is the reason why they started a blog. If you don't get paid for your work what is the fun in that? So, if you start a blog always learn the complete knowledge of how SEO works & what you need to do from the very beginning. Many people fail in blogging because they lack knowledge, consistency & the daily effort they need to put in. Remember that success is never an overnight game & it takes you to work hard. Make blogging a passion for you which means something that you really love to do & this is how many people keep going to become successful.

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