Your business blog is a marketing, search engine optimisation, social media and public relations tool. It allows you to reach your market, get your story out there and drive traffic to your site. As your blog acts in all these capacities, it can help you indirectly make money as your business grows. However, there are also ways you can earn money directly through your blog.
Whether your entire business is based on a blog or your blog is just one aspect of your business, these tips can help you earn more money from your blog.
Participate in Affiliate Marketing
When you become an affiliate marketer, you will partner with a company and get paid based on the number of products you sell or the number of leads or traffic you generate. Some bloggers see a lot of success with affiliate marketing, and this approach may work for your blog.
To make money this way, you’ll need a large audience and a good sense of how to pitch products to your market. Good affiliate marketers are able to persuade their audiences to purchase a product without losing readers. Usually affiliate marketing is implemented through links or ads on a blog and many times the links are included in actual posts. Marketers can sell products by posting product reviews or sales pitches or by simply mentioning and recommending products.
Earn Sponsorships or Sell Ads
Of course, your ability to gain sponsorships and use ads will depend on your blog. If your entire business is based on your blog, you may be able to take this approach. However, if your blog is just one entity of your business, you may not want to send potential customers to sponsors and advertisers, since that would likely hinder your own sales.
Many bloggers that have large, niche followings are able to earn revenue through sponsorships and ads. Sponsors who want to get their name in front of your audience and encourage your readers to visit their website will often pay a monthly or yearly fee to have their logo and links added to your site.
You can also sell ad space on your blog or write sponsored, or paid, posts to earn money from businesses that want to sell their product to your audience.
Sell a Product
This may seem like an obvious way to make money, but many people don’t associate product selling with blogging. You could use your blog to market an ebook, a newsletter subscription, a paid forum or any other product. The secret to doing this well is finding or producing a product that will appeal to your readers. For example, if you are a food blogger your audience may be interested in purchasing a cookbook you created or subscribing to your recipe newsletter.
Selling a product through your blog is slightly different than the classic business approach. Many businesses sell their products first, and blog second, treating their blog as a necessary aspect of their website. However, if you’re a good blogger, you could focus on building your blog, then introduce your products as an additional offering, next to your blog posts.
Your blog has the potential to add to your bottom line. Whether your blog is the foundation of your business or it is a branch of your larger organization, these strategies can help you reap monetary benefits from quality blog posts, a niche target market and a substantial following.