If you’ve read the previous posts and created your site, you should be ready to pick a way to make money.
Ways You Can Make Money
There are several options when deciding how you will monetize your blog. Obviously, the easiest choice is selling your own products, but most people getting start don’t have any products to sell, so you’ll have to try something different.
A few options are:
- PPC Advertising
- CPM Advertising
- Direct Advertising
- CPA Offers
- Affiliate Products
- Drop Shipping
PPC (pay-per-click) advertising pays you every time someone clicks on an ad on your site. The best network I know of is Google Adsense. You can sign up for an account at Google.com/adsense.
CPM (cost-per-mille) advertising pays you a set amount per 1000 views. I don’t have much experience in this, but I’ve heard that Tribal Fusion pays the most, but you have to have a ton of traffic to get approved.
This is pretty simple. Direct advertising is selling ad space directly to advertisers. In this, you sell for a set amount of time. Thirty days seems to be pretty common. Give honest traffic stats and fair prices based on your traffic.
CPA (cost-per-action) offers make lots of people lots of money. With this monetization method, you are paid when someone performs a certain action. This action can be anything from submitting their zip code to making a purchase. There are several CPA networks out there. Gooffers, ShareASale and Commission Junction are a few good ones.
Promoting affiliate products is just like being a salesperson. You promote someone else’s product and they pay you a commission. Clickbank is, in my opinion, the best affiliate network. They provide digital products and the commissions go up to 75%.
Drop shipping is where you advertise and price a product as your own, and once you make a sale for your marked up price, you go and place the order at your drop shipping price and have it sent to the customer. This isn’t something you should do with any company because many will send an invoice that shows the price paid. Instead, you’ll want to use companies that offer drop shipping. Google it, and you’ll find several drop shipping options.
Alright, you can now turn your traffic into revenue, and if you’re not sure about how to get that traffic, check back here soon because the next post will be on traffic generation.