In Internet Marketing, blogging is another way to make money online. There are many bloggers who make a comfortable living from blogging. Many of them only spend a few hours a day working on this model, and easily earn 3-4 figures a month. If you were to study their methods and put them into practise, you will discover that making money from blogging is really very simple and straightforward.
There are many ways you can make money from a blog. Many of them do not require any capital outlay from yourself, and they offer a powerful passive income source. What is even more attractive is that you can have multiple income sources built into your blog. All you need to do is to create traffic and readership, and a small conversion rate will build that income.
So how can you make money from your blog?
1. Affiliate programsOne common way is to review and promote affiliate programs. Many blogs make the mistake of just advertising the programs. To increase conversion, you should review these programs to create trust and credibility. Research has shown that word-of-mouth marketing converts better than direct advertising. Visitors want social proof that someone has used the program and benefited before they would buy
2. Sell advertising spaceYour blog is your piece of virtual estate. There is a lot of space available on which you can sell advertisements such as banners and text links, to merchants, affiliates or bloggers who wish to promote their products. As your blog becomes increasingly popular, your blog advertising space will also increase in value.
3. Using contextual advertising networksIf you have not heard of Adsense, you are missing out on a potentially profitable blog income source. Many bloggers make a living on Adsense alone. While I would not recommend that you depend totally on one source of income, contextual advertising networks such as Adsense and Kontera can contribute greatly to your online money making efforts. These networks would provide relevant ads on your blog, and you will earn money when people click on those ads.
4. Paid reviewsAnother way for merchants or sites to promote their business is through reviews. You can write reviews for them, post them on your blog, and get paid for doing so. There are already many such paid review networks such as ReviewMe.com and PayPerPost.com, although qualifying for them would require that you have spent some time blogging. This is to ensure that you can consistently provide value to their advertisers and be in it for the long haul. If you are serious about making money blogging, this should not be an issue.
These are just 4 of the most common methods to earn a blog income. If you only spend a few hours a day building your blog with these methods, it will not be long before you join the ranks of bloggers who earn a living blogging.
