Technically Speaking

Well the first sentence kind of says most of what you need to know about the main on the 10 Effective Ways to Monetize Your Blog:

Your goal should be to drive HUGE amount of traffic, because then even a small converting percentage will still make you a good amount of money.

Top 10 Ways To Make Money With Your Blog

1. Google Adsense

This is the easiest way to start making money with your blog, and it is very simple to set up. But the two biggest issues I have with Adsense is,

It takes a lot of traffic to make some decent money with adsense.

If your selling your own product or affiliate products then you want to see what is being sold in your adsense ads, chances are it will be in dirrect competition with your product.

I go into more detail on why this is bad here Stop Stealing Your Own Sales

What I have used instead that I am happy with is Chitika Ads

Cool thing about Chitika ads is they look similar to Adsense but they ONLY show up for traffic that comes from search engines.

So your regular readers never see the ads, great Adsense alternative.

2. Direct Banner Advertising

Ok I have a love hate relationship with selling advertising on my blog. I do it and I make money doing it but at the same time selling ad space is not the best long term way to monetize your blog.  I much rather you sell your own product and use the ad space to promote your own products, this way you will make more money and won’t have to worry about always attracting advertisers.

Banner advertising also takes needs a big following on your blog to attract the big advertisers and make decent money.

Another issue with selling ads is it can be a pain to track all your advertisers and when they need to repay or end an ad.  Unless you use something like OIO Publisher that will control all your ad selling tasks automatically, they even find you advertisers in their marketplace.

3. Affiliate Marketing

Affiliate marketing is one of my favorite ways to make money.  Affiliate marketing works like this… someone has a product and they let you sell the product for a commission and the best part, is they all ready have marketing material and websites for the product that you can use, also they do all the follow up and or customer service needed.

This is the best and fastest way to make money with your blog, and you don’t need a big following to start making money. Long as your product is targeted to your blog readers and you can get a decent conversion, you will be in the money.

I talked about this on Breaking Into Top Internet Marketers With No List

Best places to go to find high quality affiliate products is ClickBank or Commission Junction

4. Sponsored Reviews

Getting paid to write a sponsored review on a product or website is another great way to make money with your blog. Some people have issue with this because a review should come from honest use of the product or service, others who have no issue with this do very well.

I have written a sponsored review and see no problem as long as you have at least reviewed the service or product and feel it is something you would review any way, and that you state that it is a Sponsored Review so your readers know this up front.

Sponsored Reviews and ReviewMe are two places you can get set up to do sponsored review posts.

I recommend you offer this as a service on your blog and collect all the commission.

5. Selling an eBook

Selling ebooks on your blog has been around for ever and there is good reason…It Works! ?

I Launched My First eBook a few months ago, and have been very happy with the results.

I suggest that you first build some success and have proof of that success before you set out to write and sell an eBook.  Selling an eBook that is solid and helpful will make it much easier for you to sell to those visitors again in the future.

6. Selling WordPress Themes

This is something I am working on releasing soon. Once you have a nice theme or brand you can them build a WP theme around it and offer it up for a small price.

There are 3 BIG benefits to selling a WP theme…

You make money

It is a great way to build backlinks to your blog. Since each theme sold will have a link back tou your blog as a reference

This is also nice way to get some free advertising and traffic.

Nice 1-2-3 Punch…right?

7. Offering Consulting Services

Once you see some results with your blog then you can start to offer consult services to help people get the same results you have gotten.

Again I have to emphasize that you need to FIRST have some success and proof in the service you are selling.

This is a great way to offer support to your readers and also make money.

I offer my services offline, since most offline business don’t have a blog or social media presence, so taking it offline has big potential for you..

Technically Speaking, you need the horse before the cart .. so read more …