If you’re reading this, I assume you’re looking for the answer to the question “How can I make money online?”
It’s a valid question. After all, you’ve probably seen friends posting on social media about their exciting new jobs and how much money they’re making. And you may even wonder if achieving financial stability is even possible these days. With so much competition, it can be difficult to stand out from the crowd. But, you truly can make money online. It just may not be as easy as it seems.
The Four Phases Of Building A Successful Blog
Before you start making money from a blog, it’s important to understand how blogs work and how to build a successful blog. The following are the four phases of building a profitable blog:
1. Establishing A Profitable Niche
One of the first things you’ll want to do is establish a profitable niche. Now, establish doesn’t have to mean perfect. It simply means that you’re going to center your blog around a particular subject or area. Although you can always switch gears and be the first to cover a breaking news story, you’re better off focusing on a niche that you know and feel confident about.
For example, if you’re passionate about dog training and have a lot of knowledge about dogs, you could start a blog dedicated to dog training with the name Woofling.com.
You would initially set up the blog with your own money, then look for sponsorships or affiliate sales from big brands in the dog training niche to cover the cost of operation. Once you’ve built up a healthy sum of monthly revenue, you can begin to attract and retain premium content creators to join your team.
2. Building A Following
Once you’ve established a blog, you need to work hard to build a following. The more people you have following your blog, the more opportunities you have for monetization. You can charge for blog posts, run ads, or sell affiliate products to generate income from your content.
You can use various platforms to grow your audience, including Twitter, Facebook, Instagram, and YouTube. While these platforms can certainly help with the discovery of your blog, you must put in the time to curate and engage with your audience. Create content that is helpful and interesting to your audience and begin to build a relationship with them. This will make them much more likely to purchase your affiliate products or subscribe to your blog when they find out about it.
3. Curing The Addiction To Ads
Blogs will never be able to generate the level of revenue that some websites can because ads can be a major source of income for those websites. However, just because some blogs use ads doesn’t mean that you or your blog will have to as well.
You can become extremely effective at generating revenue without having to resort to ads by integrating affiliate marketing into your strategy. When someone follows a link or banner ad on your blog and makes a purchase or signup within 24 hours, you’ll earn a small percentage from that revenue.
You don’t necessarily need to have a landing page or even a product to take advantage of affiliate marketing. You can create a blog post around a tool, software, or guide that will help your reader make money or save money. For example, if you’re writing about how to find good mortgage rates, you could include affiliate links to a tool that will help your readers find the best rate. You wouldn’t necessarily need to have that tool or offer that product to generate that revenue. You could simply write about the best mortgage rates and include an affiliate link to a tool that will get them.
By using affiliate marketing, you won’t incur a lot of the cost that you would if you decided to just run ads on your site. Instead, you’ll earn a small commission when someone clicks the ad or purchase and makes a purchase on a site you’re affiliated with. The more you put in, the more you’ll earn. It’s that simple!
Some might consider running ads on your site to be a necessary evil, but you can certainly operate a profitable blog without them. You just need to have a conscious decision to not run ads and decide to go the affiliate marketing route instead.
4. Monetizing Your Blog
Once you’ve reached a certain level of readership and revenue, you can begin to think about monetizing your blog. This simply means that you’re going to try to generate additional revenue from your content, whether through affiliate marketing or ads.
If you decide to go the Affiliate Marketing route, you’ll need to choose your affiliate products or offers wisely. You can’t just go out and sign up with any affiliate program; you need to choose ones that you feel confident will make a reputable company a profit from your efforts. It’s a good idea to contact the company directly to get more information about the program before you join. You can also get tips on how to get started with affiliate marketing from experts like the folks at affiliate marketing expert to help you begin your journey to financial independence.
You’ll never know if affiliate marketing is right for you until you try it. Although it can be a bit overwhelming to navigate the world of affiliate marketing, it’s an effective way to earn money online without having to worry about your bottom line too much. Once you understand how it works and the different types of affiliate marketing available, it’s just a matter of finding your niche and creating valuable content for your audience.