If I asked you this question that how one can make a living from his blog. What would have you been your answer? By selling ad space and securing sponsorship?
Well, you are right, but not completely, as there are many ways to make money from a blog. In this blog post, I will share all the possible ways in which you can earn from your blog.
Selling Ad space
This is the most common type of blog monetization, and this is the easiest way as well. You just need to register yourself to a PPC, PPM, or affiliate network followed by placing their codes or banners on your blog. Afterward, wait for users to click on any of them for you to make money.
If you are considered an expert in your field then you can prepare a tip jar (e-book), which people will pay to read. Free tip jars also secure donations from readers.
Donation model is not new, but it is very effective. If people like you, they will donate you some money. Put a “buy me a beer” link followed by PayPal button, and see how many people are paying you.
If your blog has good flow traffic then you can also sign-up for the paid reviews website, but always remember paid review may reflect badly on you. You will have the freedom to choose the kind of reviews you will write and post on your blog.
This is not something which most bloggers do, but there are some online entrepreneurs who will setup a blog, optimize it for search engine, get good Page Rank, post insightful content, and then will sell it.
Selling information products, either yours or someone else, is one of the ways to make money from blog. Write a book, promote it, and gauge the reaction.
Coaching and consulting
If you are a star in your field with a proven record then you can even impart training to others. You can also work as a consultant. These are the really good paying works, but not everyone can go for these.
This option is not for all. Only a strong blog with a huge fan base can use this technique. You need to have a huge base of followers that devour whatever you write or do.