You have worked hard on your blog, gained a loyal following and are ready to begin monetizing. Today I want to talk to you about 8 of the best ways to monetize your blog so start seeing success and begin making money online with the excellent opportunities that await you in the world of blogging.

Advertising

Whether you are trying to monetize your blog with Google Adsense, Adbrite or some of the larger networks like Tribal Fusion or Casale Media, there are literally a hundred different advertising networks you can join to begin monetizing.

The great thing about making money in this way is that more often than not you can handle all of your advertising services “in house’ giving you the right to charge what you feel your website’s advertising space is worth.

On top of that you don’t have to share your advertising dollars with any of the aforementioned networks when you handle all of the sales, billing, and ad serving yourself. The amazing part about having a wordpress blog is that there are plenty of free plugins you can use to serve your ads on your blog.

This makes it not only easier, but more efficient as most of the serving is automated by the wordpress platform.

Viral Marketing

There is plenty being said about viral marketing, especially as social networks begin to take off and rule the internet traffic system.

It is important to keep in mind that more and more internet users are turning to social networks for search results, and it is something that as a marketer you should be keenly watching. Not only can you set up fanpages on the most popular social network, Facebook, but by developing a rabid fanbase for your product or service you can get your blog to viral literally overnight anymore.

Viral marketing is grassroots marketing at its finest, and connectivity that web 2.0 brought to the masses has made the crowd sourcing, or viral marketing, far more appealing because of its low cost.

Social Marketing

A large component of getting your blog to viral is what the internet world has termed social marketing. It is very important that you understand the power of social networks and how it goes hand in hand with your viral marketing plans.

To make things even more attractable to marketers, most social marketing can be done with absolutely zero investment.

To take things a step further, you should be introducing social media like interactivity to your blog.

By making yourself more accessible on your blog and by building a viral audience you should profit handily from the advertising dollars your blog generates. Coupling these three ideas together can make you some serious cash with your blog.

Affiliate Marketing

Everyone has heard about it, but very few know how to truly utilize it to generate a sizable income online. If you choose to monetize your blog with affiliate marketing you are making a wise decision, but one that can be a struggle to get off the ground and making cash.

It is important that you are selecting affiliate products that are related to your niche. If you run a blog about high heels, you better be promoting shoe products and not ebooks on how to make money online.

It is important to know your audience so you can successfully market to them and their needs.

Niche Marketing

As I just mentioned, it is important that you understand your audience, or niche before you begin trying to monetize your blog. A more specialized site will always generate a higher advertising dollar and be more flexible when it comes to promoting affiliate products.

If you go with a very general blog topic then you will struggle hard and often to find affiliate products to promote and advertisers willing to pay. The more specific your niche can be, the better off you will be in the long run—as advertisers love paying to reach very specific
audiences.

Begin Building A List

Without a doubt the most powerful technique in the world of marketing, whether it is offline or online, is building a relationship with your audience.

You can do this by having them sign up for a newsletter, where you can email them about new blog posts, great offers available only to “them” can you can even promote affiliate products if you are careful.

Many marketers make the mistake of looking at their list as a bunch of names on a spreadsheet, and this couldn’t be farther from the truth.

Your list should be treated like your V.I.P’s which will allow you to build trust with them. This means that when you finally do offer a promotion to just “them” they will be more apt to take a look.

Video Marketing

Don’t think for a minute if you have a video blog that you cannot monetize like everyone else. Between doing video reviews of products, CPA offers, and even newsletter marketing you should be able to develop a relationship with your audience far easier because of the advantages of video.

The first advantage is that they can see your face, hear your voice, and if you can project a pleasant tone you will find that creating videos instead of posting text all the time is a surefire way to get your audience to eat up anything you are saying. A simple advertiser mention at the beginning the video could earn you $500 or more per month if you build up your reputation correctly.

Video might be still in its infancy, but there are countless ways you can monetize your blog with video.

Guest Authors

Finally, one of the best ways to find more readers, increase traffic and sales is to have a guest blogger make a post on your blog.

Of course you will want to find someone that is related to your niche, but once you do you should try and build a relationship with them immediately.

Blog readers love a writer who will allow someone else to come in and give them another perspective on topics they are interested in. People naturally want to learn new things, and by having a guest blogger you will find you will meet their needs while increasing your blogs exposure and potential sales at the same time.

Monetizing your blog in today’s internet world is getting easier and easier as time goes on. Doing things properly will ensure your success for months and maybe even years to come.

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