Most people think that making money from their blog is really hard and to tell you the truth, it’s not. Anyone with some sales experience and knows how to sell can make a decent income online, rather quickly.
Here are 4 of the most powerful ways to monetize your blog.
4. Create a money making online course
Mark Thompson, John Chow, Ramit Sethi and Sam Bakker – these are big players in the internet marketing industry and they all have one thing in common. They are absolutely killing it online and making huge incomes by selling online courses. They have built seven figure businesses by selling courses to their respective niche audiences.
John Chow claims to make $100,000 from his blog alone which is over $1 million dollars per year!
Online courses are the latest craze right now and every marketer or guru out there in your industry has their own online course. The reason for this is that online courses give you passive income once you’ve invested in the original setup.
So how can you create a successful online course that actually makes money ? – There are many many courses out there that make less than 10 sales at $17 because they’ve been rushed or marketed incorrectly. How can you ensure your course is successful?
Ensure your visitors know and trust you. Long story short you need to appear to have lots of ‘authority’ in your chosen niche. If people can relate to you as holding authority then they are going to pay you for your courses regardless of your course’s price.
Promotion is key to success and should be done to a high standard, this includes Facebook ads, a solid JV model for affiliates to use and promote, PPC ads and re-targeting ads. Exposure to your product will ensure business is full on from day one.
Sell yourself, and sell yourself really well. Why should anyone buy from you? Take a look at some of the offers over at the Warrior Forum and you’ll understand what I mean. There’s those WSO’s with lots of thought and content and then there’s the three liners from someone with 2 posts.
3. Create A Sales Funnel
Sales funnels are hot right now and definitely where the money is at. Mark Thompson recently launched a product called Funnel Stak that deals with sales funnels and exposes their true potential. A sales funnel is where the paying customers are and every blog should create one from day one.
Anyone can create a sales funnel and some tips to get started are:
Offer something for free on your site. For example John Chow offers a short eBook, wordpress template sellers might offer 3 free templates, Zac Johnson offers a free super affiliate newsletter etc, etc. You get my drift. This will allow you to turn visitors into hopefully paying customers.
Start sending more valuable information to your list such as free guides, links back to your blog etc.
Now start to nurture your email list by promoting affiliate products, coaching programs and courses relevant to your niche.
2. Offer Coaching Services
Do you look at consultants and think, ‘I could do that, and probably better too’ – Yes I think the same every day I work with IT professionals and companies hiring consultants charging thousands every week.
Consultants get paid to teach (whether they know the content or not). Think of lecturers at a university.
Neil Patel of Quick Sprout started a blog on Search Engine Optimization which quickly gained momentum online which attracted Fortune 500 companies who now hire him for his consulting services. Neil is an extreme case but if you are passionate about the niche your blog is in then training others might be the way to go.
I personally know of internet marketers who are paid to travel the world and speak to students, businesses and charities on improving their businesses.
1. Affiliate Marketing
I regularly come across blogs that must be receiving millions of visitors every month and they are leaving money on the table by not taking advantage of extra income available to them. For example I came across a site reviewing a particular product and the blogger had simply direct linked an Amazon product.
Let’s say 1,000 people bought said product each month at $500 with a 5% commission. That’s over $25,000 of revenue every month which this blogger could potentially receive without having to do anything. They’d managed to get their site on the first page of Google for their chosen keyword, so why wouldn’t you take advantage of the potentially free income available to you?
You can ensure your pages are optimized for affiliate offers, if in doubt you can find Clickbank, Amazon or Shareasale offers.