When you commit to maintaining a blog these days, it indicates that you will be getting cash back from it. Sure, you may have numerous readers that frequent your blog.
But, if you aren't making money from it then you're not making the most out of it. If you look around you'll notice that even the most popular blogs out there don't compromise on the monetization aspect. They are not finding ways to maximize the monetization power that they have with their blogs. Unless your goal is to only blog as a hobby, you should be focusing on earning a living with your blog.
Below, there are three suggestions that will show you how to monetize your blog.
You can try affiliate marketing while making sure it fits into your blog focus. You can start this with banner ads. The only downside to this tactic is that you're directly promoting the affiliate product to your readers rather than recommending it. With the combination of these product banners and the right audience, you will be reaping the benefits. You also have the option of utilizing your RSS feed for the purpose of placing ads. Google AdSense will allow you to put an ad at the bottom of your RSS feed. No, you will not make a large sum of money with this technique, but it is good little money to add to the blog's total numbers. Since your RSS feed is not a part of your blog, you will see more income just like more subscribers.
Are you good at the niche that you're covering with your blog? Do other readers see you as being experienced in this field? Then you've got a great opportunity to create and sell products on your own to your target audience. For instance, let's make believe that you have a Forex blog that discusses tips on how to trade Forex on a daily basis. You can easily create an info product such as an eBook and sell it to your readers. The profits from the sales will add up in no time. If your blog has tons of followers, then this can truly happen at some point in time.
Getting traffic is not the only thing that makes a blog successful. But it's also about extracting money from it through the right means. If you are determined to be a top cash making blog, then you have to start now and decide upon your approach. You must get away from where you feel comfortable and try out many tactics. But that's exactly what will separate you from the not-so-successful bloggers. Why haven't you made tracks yet? Use this information to your advantage and maximize the value of your blog.