How to Monetize Your Blog
"Monetizing" a blog means using various methods to earn money from your blog. Once upon a time the answer was simple - you signed up with an advertising network like Adsense or Chitika, and collected a few cents every time someone clicked on one of their ads.
All that has changed, for several reasons. One, advertisers are paying less for ads on blogs - their advertising budget is now spent on Facebook and other social media. Two, Google will penalise your blog for having too many ads (ironic, since they are usually Google Adsense ads!!), so you're very restricted on how many ads you can display. But the third reason is by far the biggest -
Millions of people have installed ad blocking software on their phones and other devices - meaning that about half your readers won't even see your carefully-placed ads!
As a result, bloggers everywhere are reporting a collapse in earnings from Adsense on blogs.
If Adsense is dead, what do you do instead?
Selling direct to your readers is by far the most effective way of making money on a blog today. That doesn't mean you have to become a retailer, with a garage-load of stock, mailing products out to customers every day! There are many options that don't require you to handle stock.
To be really successful at direct selling, you need to have more than just one or two products, because it's much easier to sell more products to your established readers than to find new ones. One of your main objectives should be to build an email list of readers (using a program like Mailchimp or MadMimi).
Once you've built that email list, you'll find that as well as selling your own product, you can market relevant affiliate products or do deals with merchants to promote their products for a fee.
The easiest products to sell are virtual products - an ebook, a game, or an app. The easy way to sell this type of product is to make it downloadable from eJunkie. For ebooks, Smashwords or Booktango are good options - don't limit yourself to Amazon.
Short ebooks offering further advice related to your blog topic can sell well. If you can manage a series, so much the better.
If your blog is on a topic where you have some expertise, you may be able to offer related consultancy services - tarot readings, website design, book editing, etc.
Arts & Crafts
If you're good with your hands, you can sell products you make yourself. Artworks, pottery, clothing - handmade items are in demand. You don't have to make a lot of stock - provided you have enticing images on your blog, customers will be willing to wait for you to make goods to order.
Drop shipping means that you behave like a retailer - advertising products for sale, accepting payment and dealing with the customer - but you don't hold stock. Instead, you send the order details to the wholesaler, who sends the product directly to the customer. Commissions are high, but of course there is a lot more work and responsibility involved and life can get complicated (e.g. when a customer wants to make a return).
There are networks for drop shipping, but most of them charge fees to join. Do your research first. You may also be able to make a deal direct with a merchant.
Advertising and Affiliate Networks
You'll make the most money from advertising by forgetting about Adsense and affiliates, and selling ad space direct to merchants. However, if your blog is new, you'll have to wait until you've got a good readership before merchants will even look at you - so in the meantime, the networks are better than nothing!
Many new bloggers make a fundamental mistake: they put ads in their sidebars, and a banner or two at the top and bottom of their blog, and think that's enough. It isn't - that will make you a few dollars at best. Readers come to your blog to read the posts or pages, and many won't even notice what's in the sidebar or at the bottom of the screen. You need to use affiliate or advertising links within your blog posts and pages, if you want to make real income.
That doesn't mean you have to turn every blog post into a sales pitch. You may be surprised how often you can find a relevant product to advertise within a post. Let's say you have a blog about gardening, for instance, and you write a post about rescuing a sick lemon tree. Your reader won't be interested in buying a lemon tree, but they will be interested in buying the fertilizer or booster you recommend.
There are many stores which offer affiliate programs. Amazon and eBay are perhaps the most famous - but you will usually get much higher commissions from specialist retailers. A good start is to Google "affiliate [your blog topic]".
Often, when you sign up as a merchant affiliate, you'll notice you're not signing up directly with the merchant - you're signing up with an affiliate network. These companies are in the business of managing affiliate programs for a large number of suppliers. The problem is that you'll have to reach a minimum threshold to get a payout - often $50 to $100.
That's why I recommend using a service like Skimlinks instead.
If the choice of affiliate networks is bewildering, and you're not comfortable with coding, there is one easy option - Skimlinks. You can read more about how that works in this article.
With Skimlinks, you get instant access to all the big affiliate networks and thousands of merchants, instead of having to apply to each one individually for approval.
Setup is straightforward - you just need to get your blog approved, then copy and paste your unique code into a Gadget. After that, you simply create ordinary hyperlinks to any of the merchants or products they support, and they'll be converted to affiliate links automatically.
Because you're not actually joining any of the affiliate programs, you don't get access to their banners - however, banners are not a good way to advertise these days anyway. It's more effective to find images of suitable products on the merchant's website.
Monetizing your blog or website isn't the end of the story. No matter how good your products are, or how well you've displayed your ads, you'll make no sales if you don't get traffic. Blogs don't attract readers simply because they exist. You'll need to learn all about self-promotion and back-linking too. But that's another story!
It's a big learning curve but there are rewards, too. Good luck!
Text copyright Marisa Wright.
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