This is something people ask me all the time. It’s one of those things where you’re kind of like. Right, how much money do you want to make? What are you open to doing on your site? Are you prepared to be educated by authoritative figures in the field? How can you implement new tips?
Let’s just be frank here! Making money from your blog doesn’t and won’t happen overnight. It’s not some get rich quick scheme. It’s something you need to build well over time. Think of it like a fine wine. It’ll get better with age. That is providing you continually work at it.
Don’t think you can just write a few posts and then you’re going to make a couple of hundred thousand pounds a year. In order to make, five, six and seven figures from running a blog you have to treat it like a full-time business. You have to show up and you have to build systems that work. Work when you’re at events, work when you’re sleeping and work when you’re on holiday.
Let’s make money
You have to automate every single aspect of your business so that all you need to do is write the content.
Here are my five top ways to make money (you know what, we cover every single aspect in the most in depth detail plus so much more in the ELLEfluence Academy).
If you write or on YouTube you need to place Adsense on your site. Adsense is the advert network owned by Google, whereby businesses pay Google to advertise (this part is called Adwords). The publishers, like you the blog owner, then add code to your site and adverts based on the websites the visitor has previously been on appears in this ad space.
You receive money for the views as well as an extra bonus from the click throughs on the banners.
This is one of my most favourite ways of making money. Admittedly I learnt from one of the best in the business and every day I absolutely love checking my commissions in the two affiliate networks I’m part of; Awin and Skimlinks.
Affiliate linking is where you get paid for recommending a product or service and your reader makes a purchase through your specific link. If you are already dropping links to your favourite product, surely you should be making money from it right?
This is probably the one which most bloggers always want to grab hold of, all sponsored opportunities. The brand is paying you to write. There are many outlets in which you can find out where to find sponsored opportunities (you’ll have to head to the ELLEfluence Academy to get your hands on our list!).
If you search Twitter though with #PRRequests or #JournoRequests you’ll usually find some good sponsored opportunities.
This may be in the form of a product, a subscription, a course, coaching or even other services such as copyrighting or workshops. If you offer something that you niche very well in that people want, you’ll be able to convert this into sales and money.
Remember time is finite, selling is infinite.
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Stop. Have you ever heard anybody tell you that building your list is so important? If you haven’t I’m telling you now! It really is important!
When you build a list of people who want to hear what you’re saying they’re also giving you permission to sell to them. Creating weekly newsletters and having brands sponsor a section in the newsletter is a great way to drive revenue, and of course, you can always affiliate link these paid promotional posts!
We recommend Mailchimp or MailPoet for your email systems.
What are your favourite ways to monetise your site? I’d love to hear them so comment below. Also if you want to know 40+ other ways on full depth how to generate revenue from your site then head to our ELLEfluence Academy for all the tools!