Deciding if it’s Time to Monetize your Blog
In 2009 there were an estimated 126 million blogs on the internet. That number probably changed as they were posting their findings as new blogs are popping up all the time. The reason for the popularity of blogs is the following they receive. For every blog out there, there are readers that follow them. If you own a blog, you already understand this fact.
As a blog owner you have dedicated time and effort to provide an entertaining, informative, and unique blog for your readers. So monetizing your blog is a logical choice to get back a little of what you put into it. When deciding to monetize your blog, there are many factors to take into consideration. Here are a few things to consider:
Is it time?
There is a difference of opinion when it comes to determining when to monetize. Some say you should wait for a good following of 1000 or more readers. That is suggested so you don’t get discouraged by monetizing early and not seeing much profit. Even though that is a valid reason, there are others who believe monetizing early is more beneficial. They believe your readers should gradually be introduced to advertisements where there were none before. Having new followers already use to ads is also suggested.
Based on your niche, the type of followers you have, and which advertisements you are planning to use will help to determine if you should monetize early or later. If you run a blog for those who can’t cope with change, you may not want to post the ads too late in the game. Only you can determine if sooner or later is right for you and your readers.
How to monetize:
There are many ways to monetize your blog. When you decide it’s time you want to be sure to choose methods that closely relate to your niche. Try to avoid products and services that go against your beliefs and the opinions expressed on your site. Here are a few of the more popular ways to monetize your site:
–Products: This is one of the most popular ways to monetize a blog. By promoting products that directly coincide with a topic, post, or opinion expressed on your blog you can generate sales easily. Posting products that directly relate to an article or post will get the readers thinking about the product and convert them to a sale.
–Services: This is similar to advertising products. While the readers are interested in knowing more about the service or even trying the service for themselves, you can generate income by referring your followers to that particular service. If you recently blogged about how good a massage session felt and include a link to a massage service, you may just inspire a sale just by expressing your opinion about it.
–Affiliate marketing: This is similar to suggesting products, with the exception that you are an affiliate for the company. You can generate a healthy income by selling products for different companies as an affiliate. If you run a tech blog you can add affiliate marketing for cell phones or tech toys. The commission is based on the amount of sales your affiliate number generates.
Whether you are new to the blog world or an old pro, you can generate a healthy income from monetizing your passion for blogging. Choose the right time for you and your readers and the type of marketing you would feel comfortable with. Try to avoid anything that may annoy your readers such as pop ups or surveys and you may find yourself with a great new source of income.
London resident Roger Hathaway is a financial consultant and a content contributor for Payday Loans, a company which helps you out with an advance payday loan when you need money before your paycheck comes in.