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The blogosphere is open to different ways of monetization; I’ve compiled this for the newbie bloggers in need of monetization strategies for their blogs… in this article contains various methods on how to monetize your blog to make money.
Am sure you’ve waited for too long to see this, okay… before you proceed, take note that this won’t work if you have not properly followed step one (1) to three (3) and may be four (4) in some conditions, click here to see steps.
7 BLOG MONETIZING STRATEGIES ARE LISTED BELOW.
1. Sell Ads Spaces
This is a serious business for those that have massive traffic and/or targeted audience. For instance; a popular tech blog can earn money running targeted ads for a mobile phone company while ads can also be displayed for majorly popularity purpose. If your blog controls high traffic then this is something you shouldn’t take for granted.
Ad banners come in different sizes and types which simply mean, every ad banner carries its own cost.
Examples of banners are…
- Header banners >> 728 x 90px,
- Side banners >> 300 x 250px, 250 x 250px,
- Widespread >> 120 x 600px
- In-post banners >> same as side banners,
- Themes banners >> this basically covers your blog’s background.
- Text ads with links >> they are only text based ads.
These banners can be displayed for a month(s) or a specified period agreed upon. The minimum basic advert charges for a newbie blog with reasonable traffic can with 5k-6k for a month or 10k-12k for two months. The charges can be further modified when the popularity of your blog grows.
2. Online Affiliate Marketing
This is a form of online business that allows you to earn money referring buyers to buy products sold by any e-commerce company you’re in affiliation with. How online affiliate marketing works is; when you’re in partner with any company (sell products/services online e.g konga, jumia, dealdey, hostgator etc), commission gets to you when a customer you refer via affiliate link ends up purchasing a product from the company in question. Directly on your blog, you can embed affiliate links in ads spaces to display pre-designed banners you got from which ever company you’re in affiliation with. A couple of such banners are displayed on my blog, affiliate marketing can be a better alternative to the AdSense ads.
For instance; a product worth 100k has an affiliate commission of 10%. It simply means you will get 10k on every person you refer on this product. Now imagine you referred 10 persons; that is simply 100k in your pocket.
That’s practically how affiliate marketing work. Click for more insight on how to make money via online affiliate marketing in Nigeria.