Earning money from a blog is not a dream anymore. Here are 10 incredible ways you can make money blogging in 2020.
There must be a question that might be coming to your mind that can you make money from your blogs? If yes, then how and what would you earn? Don’t worry in this article we would tell you how can you make a good amount of money from blogging. A couple of years back, people thought of blogging as a hobby and people used to do it with their full-time job. Blogging is still the same but its functions have changed adversely.
In recent times, everyone is seeking different sources of earning, whether you want to add some extra revenue to your income or make a blog that supports your lifestyle, in that case, you earn as much money you want by just putting your hard work into it. It has now become a profitable online business that needs no investment. The process of starting blogging is so easy that it just takes a couple of minutes to start a blog.
According to many people, blogging is the best way to express themselves and provides you with a platform where you can share your views or opinions on something that you like to millions of people online. There are hundreds of bloggers who are earning so much money just by doing blogging, yes this is true.
I am sure before knowing the methods of earning from blogging, you are curious to know how much money can you earn from blogging?
There are many great stories of the bloggers who have earned a lot from it and it changed their lifestyle. All we can say after depth research is that there is no specific amount set for this. There are people who are earning 1 million dollars in a year from blogging and also there is another set of people who are just earning $1000-$2000 dollars. It depends on the time you devote, the hard work you put in and lastly and most importantly your skills or the work that you are doing.
If you work strategically and drive good traffic towards your work then you can become an A-listed blogger, who earns in millions. It is not impossible, as this list is increasing every year because of the changing market trends. But for that, you need to know the various ways of earning through blogging, which is one of the most important things to know.
How to Make Money Blogging in 2020
Whether you write blogs as a hobby or it is your business blog, it is possible for you to make money out of it. We are not saying that as soon as you dive into it you would become rich but there are numerous ways with you can earn money and with time it can make you rich. Want to see the methods to earn money with blogging, if yes then read the ways mentioned below-
1) CPM Ads
CPM stands for cost per mile, if you wish to make money from it then you would have to captivate a lot of traffic to the blog. In this you are paid a fixed amount on the based on the number of people who view your ad. You must be thinking that is it complicated? No, you do not need any specialized understanding about coding for it, they are pretty simple to set up.
You would just have to make an advertising account and after that add the code to your website. There are two renowned websites for this which are Google AdSense and Media.net (We would talk about these in the coming points) but do not keep your hopes too high initially as you might generate less revenue but as the traffic increases on your website you would earn remarkably good.
2) Sell Digital Products
This is another great way of making money from your blogs by selling on your products like e-book, online workshops/courses, apps, themes, plugins, etc. If you do not want to advertise the products and services of others on your website, then this can be one of the best sources of income from blogs, they are also called digital products.
All the top bloggers have their own products like an e-book or take workshops, etc. They choose one topic and make an e-book and put that on sale on their blog or other websites like Amazon. You can earn a decent amount of money selling these e-books and there is nothing better than selling your own product.
E-books are very simple to write as you can just compile your articles into one book. Once the book is ready, design a fabulous cover ad create a PDF of the e-book. While writing an e-book ensure that the avenues are useful for the readers. First, do proper research about what the readers need and then create your digital product.
3) Affiliate Marketing
This is a beast for monetizing your blog as a single sale would give you a lot of money as compared to a click on the contextual ad. In affiliate marketing, the advertiser has a product to sell and they would pay you a commission on every sale that is done from your site. You can also become a partner with numerous affiliate networks such as ShareASale, CJ, Amazon, Awin, etc.
The main players in affiliate marketing are the network, publisher, customer and merchant. One of the amazing things about Affiliate marketing is that it can be used on any blogging platform like Medium, LinkedIn, Wix, etc. For doing this you just have to share the affiliate link of the product that you are recommending and when any visitor buys the product you would get a commission for it.
You can use either add links on your post or through banner ads from your blog when you are referring to the product on the post. We would recommend it to link through your blog and not by any ad as the former is more effective.
4) Write Paid Reviews
This can be a fantastic method to boost your monthly income, you can earn around $10 or even more for writing a short review post. In this method, you get paid by some companies or firms for reviewing their product or service on your blog. In fact, there are numerous websites you can find where you can get great opportunities for writing reviews.
For example, if your blog is about television, then a television manufacturer might send you their recent model for review and write about it on your blog. Once this is done, they would pay you for the opinion or review that you posted. Thus you can earn good money by doing this which just takes a couple of minutes.
You can provide plenty of services from your blogs and earn a lot of money from that. Many bloggers have a lot of traffic to their blogs that can help others in generating traffic and charge a fee for that. It can be really helpful for you if you have a lot of traffic on your blog. This way you are not only earning yourself but also helping others in increasing monthly views and generating money from that.
But after all the research, one thing that is sure that by offering services you can earn the highest profit margins. In this method, you are just selling your time and not a physical product. Here your income would be limited to the time you give to others. There are a lot of services which you can offer such as Virtual Assistant, Editor, Freelance Writer or a social media manager. You just require a platform to show your abilities and with this, you would be able to make money from blogging sitting at home.
6) Launch Online Course
Being a blogger it would be easy for you to create a video course for 1-2 hrs, if yes, then this is one of the best sources for you to earn money. As technology has enhanced immensely, it has become facile for anyone to launch an online course. If the course you are offering is specialized and unique then you would have a lot of views which can make you earn a lot of money.
The good part about the online courses is that it sells higher than the e-books as you can charge a premium for your expertise. If you want to start your online course you would have to first finalize the course or content that you want to include and other supporting material that you intend to include.
You can also sell two versions of it if you want one can be the basic version without the support and the other can be the premium version which you can sell at higher prices.
7) Consultancy Services
This can as well be a great source of income for you for blogging. If you are a blogger and are an expert in your niche, you can also offer your expertise as a consultant and earn a handsome amount of money for yourself. To make it better you can make alluring packages according to the type of services that you offer hourly.
You can offer consultation by emails, on phones or the way you and your clients are comfortable with. You can earn fairly nice when it comes to the consultation as people are ready to give a pretty good amount for this kind of service.
If you want you can also test the market this service with your existing clients and then you can make changes according to the feedback you get. Now, its time for you to take out the best from you and start these services for adding a fair amount of income to your pocket.
8) Create your Email list
If you are a blogger you must be aware that many successful bloggers say that money is in the list. This means that if you have built a big audience for your blog then it is vital for you to retain them too. For doing this you should initiate by gathering email addresses with the help of online tools and offer free courses for a couple of days through email.
There are fair chances that many readers would stick around and still read your blogs even when the free course is finished. One of the primary keys to success is that increase your email list, which can be done by keeping the existing customers happy and strive hard to get new readers for yourself.
9) Run campaign for brands
If you already have an established audience base then this one is for you. In this method, you would have to assist brands in reaching their target audience just by running campaigns for them. You can do this in several ways, such as by doing a brand collaboration, making videos, running webinars and much more.
If you have noticed there are many bloggers who are doing this with various brands. In fact, this has become one of the most trendy ways of monetizing your blog. But yes, you would get this opportunity if you already have a large number of audiences or views.
10) Business Blogging
In contemporary times when everything is becoming digital, even brands are seeking good writers and domain experts who have the ability in them to keep them in the media spotlight. They always look for renowned bloggers to stay in a limelight.
The best thing about business blogging is that they pay you really well as they benefit a lot from this. Thus if you have a popular blog on financial services, retail or banking, there are chances that they might contact you to blog for them. They might get in touch with you directly or can also contact you online. Hence if you are an expert and renowned blogger then business blogging is best for you as it has a lot of money in it for you.
These were the 10 best ways of monetizing your blogs in 2020. As now you know well about them if you have no started blogging, do it now. But as you are new you must be thinking about where to start from and what to write on. Don’t worry we have done research on that too and would let you know about that too.
Steps on starting a Blog
a) Choose a blog niche
For writing a blog the first thing that you need to do is validating your blog topic. Many people would say that pursue your passion or love what you do, but this is not the case when it comes to blogging. The reason behind this is that there doesn’t have to be a market for what you like. For example, you love making furniture for rabbits and spend hours doing that, but its market is very limited. Thus chances of earning become comparatively low.
If you validate your blog before starting it, that would save a lot of time that you would have otherwise invested creating in content for which the audience does not exist. You can research by first checking on the keyword volume or number of times people are searching for the keyword which is similar to your idea. You can do this with the help of different apps and plugins available in the market.
In fact, with the help of Google Trends, you can also check how famous that topic has been in the last 5 years. Thus always take the help of data and facts rather than relying on any guesswork. Thus if you wish to make money from blogging and want to pursue it as your career then proper research for choosing the blog topic is paramount.
b) Domain name
The next significant thing that you would have to is creating a domain name for your blog. Whether you use a free blog service or paid it is substantial for you to consider a blog name. There are four options when it comes to creating a domain name of your blog which is branded, full of keywords, clever and branded with keywords.
Ensure the name that you keep depicts the type of blog. For example, if you are writing on cat’s furniture then you can write Meowfurniture.com instead of writing Harry’s blog as it would not tell what your blog is all about. According to the availability of the name you can use .com, .org or .co.
c) Create quality content
Once you have decided on the blog niche and domain name, then comes the time when you would have to do your core job of creating great content. As you are just starting with blogs, your content must be of a high standard. Each day there are millions of blog posts on the internet which means there is a lot of competition. Therefore your blog should be unique and useful for people.
You should ensure that your posts are written in-depth and interactive, well-formatted and should have images and videos in it, also you can add external links if you want to expand the points. It is important to follow these points as you would not be able to make any money from your blog if the audience does not read it. Always put your readers first as this is the point where the rubber meets the road. Thus for creating good content always do keyword research, analyze your competitors, use mixed media and focus on formatting.
d) Build up your audience
Writing well is not enough, do not think that people would reach you naturally. The first thing that you would have to do is build an audience as after that only you can think of making money from it. When you create a large group of audience that is interested in what you have to say, then only money would come.
Just writing content would not generate traffic towards your blog. You would have to use SEO for your blogs, promote them on social media, blog commenting, guest posting, make use of paid advertising, build your email list and use other such resources so that you can attract more and more people towards your blog.
These were a few basic steps with the help of which you can create a blog and generate more traffic so that you earn more and more money with the help of it.
Not all the avenues and tips for earning would work for you, you should try and tweak with these methods and see which one works for you and also for your readers. Making money from blogging can be a slow process initially, but in the long run, you can earn a lot of money from your blog. Do not use all the methods in one go, see what is the trend in the market and then begin from there. Start writing your first blog today!