what are your superpowers again, I’m rich? Okay, step number six, we’re going to learn the different types of ways to make money, and they’re five of them.
All we’re going to do now is we’re going to go over an overview of these different ways. And then we’re going to walk you through which steps you should start with a kind of what phases of your blogging journey, the first way to make money are through ads. Now, there are a few different types.
The first that you probably know about are display ads, these are ads that are, you’re scrolling through content, and then you’ll see an ad for something or like right before YouTube video, Another term for this is pay per click because when somebody clicks on it, you get Pay.
The second type of ad is something called sponsored content. This is when somebody like a big company pays you to write a review or write something about their product. The third type of ad is a giveaway. This is very similar to sponsored content, but instead of the company paying you, they give you their product for free. Okay, the second way that you can make money through your blog is through affiliate marketing.
Affiliate Marketing is where you earn money promoting another person’s product or service. So let’s say you write a post about your top five favorite books on whatever your topic your blog is about. What you can do is you can link those books in the blog post themselves and link them to Amazon when somebody clicks and checks out that book and says and says, Okay, that looks awesome. I’m going to buy it the like the reviews, you know, four and a half stars looks good to me, when they buy that product, then you will get a small commission from Amazon and that is kind of affiliate marketing.
Now affiliate marketing is a huge category and you can make a lot of money on it and I’ll go over that in the next section. But just so you know, it’s when you sell other people’s products or services through links on your blog. Number three is when you sell your digital products.
Now, this is how I make well over $100,000 per month blogging is that we sell our digital products and services. There are a few different kinds of first are eBooks. These are electronic books like Kindle downloads, there are printable and workbooks where people can purchase a printable that you’ve created and print them out and use it for themselves something like a journal or a workbook before you make fun of that or thinking anything sarcastic about it.
I do know a blogger who makes over 200 grand per month selling printable Mind blown online courses so online teachings and pieces of training so where you can teach them via video. And finally, there are membership websites where people pay a certain amount to get access to regularly updated content usually by yourself.
Number four their physical products we sell products, probiotic called gut 14 on our health and wellness blog. Now you’ll find with physical products are a lot easier to sell because they’re 10 good, right people can, when they buy that product, they get something tangible back, but it’s much more satisfying usually than a digital product.
But also, as well there are margins to be had. So, there are you have to ship the product you have to create the product you have to manufacture the product. that’s a lot more steps than selling something like a digital product.
But we’ll get into that note in a minute. Number five is service speaking engagements, digital services, dog walking, speaking engagements for dog walking, coaching, virtual assistants, freelance writing, and whatever service people, our dogs, or whoever needs, you can sell it through your blog. It’s a great way to do this because you’re already building massive trust with your audience.
Okay, those are the types of ways to make money blogging. Now we’re going to get into the nitty-gritty of where you should be starting. Step number seven, start with ads and sponsored posts. The first thing that we see bloggers doing when they first start their website is usually running around trying to throw up Google AdSense on the website to make a quick buck.
The problem is that the reality of your ad earnings is probably going to fall pretty short of your expectations. When we did this the first time, I remember we threw up these ads, and we thought we were going to get a ton of money coming in automatically per month because we had a decent readership there, you know, one of these days could be tomorrow, I’m going to be a millionaire.
And I think after a full month or a full week, we only made $2 and 93 cents. That’s not enough for even three Taco Bell tacos. So, you can understand that that wasn’t working mathematically, for us as a viable way to make a ton of money. I thought I was going to write off ads forever.
But that was only until later on that now we make over 3000 to $4,000 a month with ads. Here’s how we’re able to do this. Our blogs get a lot of traffic, like over 300,000 views a month. And because we get that amount of traffic, we’re able to partner with premium ad networks. So really specialized, really awesome networks that can give us higher returns on the ads and the clicks that we do get so here’s a recommendation for newbies like yourself.
ads are kind of a good place to start for newbies just because it can be motivational or give you a little inspiration at the beginning, but it is not the primary way you need to be monetized, you need to be focused on the bigger picture here, try to wait until you’re getting a consistent amount of traffic.
So you can partner with premium ad networks. The one that we partner with is one called ad thrive, but there are a few others including media, media dotnet propeller ads, and I’m sure a few more this will get you a lot more money than just throwing up Google AdSense and praying that somebody clicks sponsored posts.
Sponsored posts, as explained before are where people are paying you to write an article on your blog, usually kind of reviewing their product or service. These articles often come in the form of product reviews and recommendations. An example is this post by my friend Alexis on the seven ways your credit score affects your future. You can see it was sponsored by Lexington Law, and she probably got paid pretty well for this post.
There are many people bloggers like Alexis that making the upwards of 10 grand a month doing sponsored posts so it is a viable way to make money and make money pretty quickly. sponsored posts might be perfect for you if you love to write can find good opportunities that fit your niche want to build relationships with other companies and brands in your niche and want a way to diversify your blogging income sponsored posts might not be right for you.
If you face a lot of time constraints, it can be very time consuming, finding good opportunities, and filling out the required work, and have your heart set on passive income. You’re technically still trading hours for dollars here.
So just something to keep in mind. sponsored posts opportunities can be found on websites like blog, dash, blog, meats, brand, and others. Okay, now you’ve got your feet wet a little bit started with sponsored posts and ads. Now it’s time to take things to the next step with step number eight progress and master affiliate marketing.
There are risks associated with every form of monetization method when it comes to blogging, but affiliate marketing is unique as it will teach you not only how to sell, but it will also prepare you for creating your future products.
Mastering affiliate marketing is usually kind of one of the key steps to becoming a successful blogger. You’ll see that a lot of successful bloggers first start on affiliate marketing, start making money affiliate marketing, learn how to make money, and then progress on to higher margins with their products and services. Just like in our example, we talked about writing a blog post on the top five books and your recommended niche. You can start by doing this exact process with Amazon Associates.
This is the very small very easy way to start in affiliate marketing and it progresses and gets much more advanced later on how you do this with Amazon Associates is easy. And the reason I tell you to start there is that everybody uses Amazon it makes a very simple way to get your first few transactions and feeling good about blogging and its potential.
Right off the get-go. Getting signed up isn’t too hard just go type in Amazon Associates to Google and you can join for free once you’re approved. You can recommend any Amazon product on your blog knitting blog, sell Amazon knitting kids dog blog, sell dog treats, got a parenting blog about raising teenagers sell a muzzle, I’m, I’m kidding, I’m kidding. Don’t muzzle your children, put them on a leash. This creates an awesome form of passive income for most bloggers.
I make over $500 per month doing this once you sold a few affiliate products on Amazon, it’s time to start leveling up your affiliate marketing and thinking about going to big affiliate networks and partnering with bigger products. So there are networks like Clickbank, Shareasale, CJ affiliate Rakuten, and so many more, these networks are going to give you a much higher price commission than something like Amazon, but keep in mind, they’re going to be much more difficult to sell because they’re not checking out using Amazon’s platform.
You have to learn how to build a lot of trust with your readers. And that’s why I said at the beginning
Start an email list because that’s the best place to start selling higher-priced affiliate courses and products and other things.
Yeah, okay, now you’ve got some money rolling in from affiliate marketing, starting to get down the sales process and learn about how to sell through your blog and how to build trust with your readers. You’re building a fan base, building people who are interested in what you’re doing, it’s time to move on to step number five, and to create your products and services, both physical and digital. We started by promoting a yoga product through affiliate marketing, we’re making about $5 per sale.
So even when we’re selling 10 products per day, we’re only making about 1500 dollars per month off this yoga product. 1500 dollars a month is great, and it’s an amazing amount of money, but it is not a full-time income for a blogger. So, we kind of got this idea back in the day, Laura and I were like, Okay, what if we the product that we’re selling was right, we’re like, I think we can make it better. What if we tried to make this product even better than the one that we’re already selling and?
Sell to your audience they know me and trust me and like me
Let’s try selling our own. Well, not only did it sell well, but our readers loved it. And thus, the yoga fat loss Bible was born.
The most important part of this process is that $5 sell that we’re getting turned into a $37 sale for that product, we had just seven extra money with the building of this product. That is the power of creating your products and services. You control the margins, you control the prices, you control the sales page, you control the entire system, and the entire flow of selling your product. That’s why all the biggest bloggers you know, all the ones that are making the most money, well, they sell their stuff. This does not have to be digital products either.
These can be physical products as well. The key here is to do something better than what is before you. So you don’t want to just go around and replace your affiliate links with your crappy products and not a good version of it. Only replace products that you can truly replace and do it better. The goal here is to make a better experience for your audience so you make a worse experience.
For them, the results are not going to be what you want
As long as there’s always going to be products that are better suited as an affiliate product versus you creating your own, it’s just something to keep in mind something like hosting, like, I’m not going to create a hosting company.
Also, as I said, before, you can sell your services whether you’re a public speaker, virtual assistant freelance writer, you can sell all of these products and services on your blog, selling your products is the only true way to scale your blog.
And this is how you take something from $1,000 a month to $10,000 a month and do so passively do so without actively constantly having to work and trade hours for dollars. Okay, at this stage, you’ve come a long way to start your blog. You designed it well. You created awesome content; you drove traffic to the blog you collected email subscribers.
You’ve been monetizing your blog in a variety of different ways
And now you’ve got kind of your blog set up, you’ve made your courses made your products, you’ve found your audience found your voice found these things. The next part is a very fun part of blogging.
And it’s step number 10. scale and optimize this is the really fun part. Because really, you’ve done a lot of hard work. Now your job is to just scale what you do.
And again, this is what makes blogging such a different thing than let’s say, going in working for somebody going and working for somebody, they’re going to pay you to let’s say 50 grand a month, or 50 grand a month, 50 grand a year to do customer service, right. But when you’re blogging and creating your products and services, just a few tweaks here or there, or getting a blog post to go viral or are creating some new content immediately raises your income. And this is kind of a two-part process. I want to show you how it works quickly.
Sales equal traffic times conversion, right, and I want to show you how your conversion rate on your sales page is 1%. So, for every thousand views on your sales page, you make 10 sales. Now let’s say you add a few testimonials to your sales page and include a couple more and your email sales funnel, that bumps your conversion rate to 2%. Which means that you have just doubled your sales. Now 1000 visitors are getting at 2%, which is 20 sales. So, you’ve just doubled your income.
That’s crazy. Now let’s say you start worrying on Google SEO as an additional traffic source and can get an extra thousand customers to your sales page. That doubles your sales page again because 2000 visitors’ times 2% equals 40 sales, you’ve just quadrupled your income. That is the big difference between blogging and going out and making 50 grand a month working customer service. It is a giant leap because the amount of work you do ends up reflecting much better on the actual income that you make.
The final piece on how to make money blogging is to scale and to raise those conversion rates. And here are some of the main ways that you can do this.
You can add in testimonials and prove your Page Speed make changes to your sales page, make changes to your sales funnel, and a few other marketing changes. But those are the main ones.
This part of making money blogging is really fun because you can often see the changes right in front of your eyes. It’s very cool to read. And that, ladies and gentlemen, is the 10-step process for how to make money blogging. Oh, we did it. Oh, man, that was a long Blog.
Alright, let’s summarize this and get the heck out of here.
- Point number one we start our blog the right way.
- Number two, we design our blog and make it interesting.
- Number three, we create the content people need.
- Number four, we get traffic to our blog by focusing on one to two traffic sources.
- Number five we build an email list to build up those lists of raving fans turn those subscribers and those readers into raving fans. We love what we do.
- Number six, we learn the types of ways to monetize.
- Number seven, we monetize with ads and sponsored posts.
- Number eight, we master affiliate marketing
- Number nine, we make our products and services
- Number 10, we scale and optimize.
Okay, and the final section is that you can click on our blogging website, it’s awesome.
There’s like different blogs, they’re full articles. There are tons of cool stuff in there, and it’s free, so feel free to check it out.
Last thing and I plead with you please, if you found this blog helpful, send me a message down there in the comments section, say something Speak up. I want to hear your voice. I want to hear how this helped you. I want to hear how I can improve these blogs.
If you have any questions, please hit me down there. We respond to every comment that we get. So please hit up. We appreciate it.
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