07 March 2009

Blogging Tips : 5 Ways to Make Money Blogging (Once You Have Traffic)

Making Money From a Blog - Moving Past AdSense

While it is possible to make some money with a blog of any size - your chances of earning income from a blog do generally increase as you increase your readership numbers.

Many bloggers start out monetizing their blogs using ad networks like AdSense.

While ad networks like AdSense can still earn you a nice income as your blog grows (many large blogs use them) - an increased audience will also open new opportunities to you as a blogger.

1. Direct Ad Sales

One thing that becomes possible as your readership grows is that you can begin to attract your own direct advertisers. I’ve written on this topic numerous times before so rather than writing a long tutorial on the topic let me point you to some previous posts:

2. Ad Representation

Many bloggers struggle to sell advertising on their own blogs. Most bloggers are not experienced in the area of ad sales, don’t have contacts in the advertising industry, are unaware of how much to charge or even what technology to use to serve ads. Most of us also are passionate about writing content and building community - the admin of finding and interacting with advertisers can often be a distraction.

One alternative once you have a reasonable amount of traffic is to outsource your ad sales. Some blog networks and ad networks will handle this kind of thing for you once you have enough traffic. Generally you need a fair bit of traffic for them to look at you but in these tough economic times I suspect we’ll see more and more services to do this.

3. Start Your Own Ad Sales Network

One thing that I’ve been hearing more and more bloggers doing is joining together to sell advertising as a collective or network within a niche. You might not have enough traffic to attract a top tier advertiser alone - but what if you joined with 4-5 other medium sized blogs in your niche and approached advertisers together?

4. Affiliate Marketing

Affiliate marketing can work on blogs of all sizes but once a blog has an engaged and loyal readership it can really pay off. Readers that have tracked with you for a while are more likely to buy something that you recommend than a one off visitor - so this is a particularly useful strategy if you have built a ‘community’ rather than just a blog that has a lot of search traffic. The key is to find products to promote that are of a high quality that you can genuinely recommend and that have high relevance to your readership.

Further Reading: 5 Tips for Making Money with Affiliate Programs

5. Sell Your Own Product

Another monetization strategy to start thinking about once you start seeing growth in your readership is your own product to sell.

Whether that product be an e-book, a membership area, a real hard cover book, training (online or real life), consulting, merchandise…. once you’ve got a loyal readership who trusts you and sees you as an expert in your field you’ll find that they are increasingly likely to buy something that you sell.

You’ll also find it easier to get other blogs in your niche to promote your product once you’ve build a blog with profile. I’m seeing more and more bloggers doing this and suspect that as advertising budgets get smaller in the current economic climate that we’ll see more and more of this type of approach (I’ve previously called it ‘indirect income’) by smart bloggers.

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