You may have heard stories of bloggers that make tons of cash while asleep. These same bloggers go for epic vacations and have time on their hands to spend with family. You may doubt these words as they sound too good to be true, particularly if you have been working tirelessly and still can barely make ends meet.
Yes, blogging is a great avenue to make extra money either on the side or as a full-time profession that is if you are ready to quit your 9-5 job. Once the blog gets a steady flow of visitors, it is effortless for you to turn it into a passive income machine.
What does passive income mean? Passive income refers to the money earned from a blog on autopilot; that is after the preliminary effort of creating that income stream is completed.
- 1 Still skeptical?
- 2 Misconception about How Bloggers Make Money
- 2.1 Truth #1: You Don’t Have To Be an Exceptional Writer to Blog
- 2.2 Truth #2: You Don’t Have To Be a Professional in Your Topic
- 2.3 Truth #3: Making Money off A Blog Takes Time
- 2.4 Truth #4 Blogging Requires a Lot Of Work
- 2.5 Truth #5: Blogging Is About the Reader and Not the Blogger
- 2.6 Truth #6: You Need a Plan to Be a Successful Blogger
- 3 How to Make Money Blogging
- 4 Advertising
- 5 Affiliate Marketing
- 6 Offer Services
- 7 Sell Digital Products
Today, we would like to help all new bloggers and those struggling to benefit from passive income increase their chances of success.
Below are tips on how to make passive income blogging.
Misconception about How Bloggers Make Money
When it comes to blogging, there are numerous misconceptions about how bloggers make money. Below are some truths on blogging as a full-time career.
Truth #1: You Don’t Have To Be an Exceptional Writer to Blog
Most of your audience will comprise of the average, daily person who is also not a professional writer. As such, no one cares whether you are weak in grammar. The only thing that matters is offering great ideas while being a good conversationalist. This will ensure your readers see you as more authentic.
Truth #2: You Don’t Have To Be a Professional in Your Topic
Most bloggers start as a hobby documenting their journey or writing about things that they are passionate about. Most people love stories, and so do not put on blogging just because you think you have limited knowledge on a given topic.
Truth #3: Making Money off A Blog Takes Time
Building a prosperous blog takes a while for most people except for a few exemptions that can take their site from making 0 to $5,000 monthly in just a few months from commencing. Those that succeed in a short period have key advantages like time, money to invest and have conducted significant prior research or have experience developing a blog. The best way to advance your success in blogging is learning from already established bloggers.
Truth #4 Blogging Requires a Lot Of Work
Do not let Ads such as “how I earn $9,000 monthly working only 4 hours weekly on my blog’ fool you because blogging is not as easy as they put it out to be. This is because to build a successful blog; you need to invest time, energy and sacrifice to get to the point where you only spend just 4 hours per week.
Truth #5: Blogging Is About the Reader and Not the Blogger
The mistake most bloggers do when starting is believing that the blog is about them and the stories they love to write about or product they are selling. This is not the case, as the blog is about the needs of your readers and not yours. This is not to say that you can’t write about things you are passionate about or yourself, but making money out of it will be the hardest part as the traffic won’t be as much.
Truth #6: You Need a Plan to Be a Successful Blogger
Most bloggers become frustrated or overwhelmed and quit even before making any significant income from their site. The reason for such outcomes is lack of proper planning.
Before starting a blog, sit down and make a plan that has an end goal in mind. This will assist in having a rough idea of how to monetize the blog, give a sense of direction, inspire content strategy and increase your chances of success in the long run.
How to Make Money Blogging
As a blogger, there are various monetization options to select from, and it is advisable to have more than one revenue streams so that if one drops, you can still rely on the other. When starting our blog, we found that some methods to make money are easier and faster than others which take time and effort to build.
Information technology jobs in the current society come at a premium. It is therefore easy to start blogging and make a living off it.
Here are four of the most common ways to make money blogging.
Advertising is one of the top ways of making money off a blog for most people. Even though it is not the most lucrative, it is among the simplest ways to make passive income while blogging. Furthermore, there are various advertising criteria for doing this.
- Sell Ad Space
The first way to monetize your bog is through selling banner ad spots. These include a renting out some space on your pop-up box or social media headers.
Every time a blog visitor clicks on those ads, your blog will get a commission from it. This is referred to as pay-per-click (PPC) advertising.
The most straightforward PPC technique is to register with Google AdSense. Remember to make a decent income from this; you will need a bit of traffic. After gaining more traffic late on, you can earn passive income from other ad management companies such as Mediavine or AdThrive.
- Sponsored Content
If your blog is slowing gaining more audience, you can opt to do sponsored content on the site or even on social media. Sponsored content is when you are paid by corporations to tweet, write a Facebook post or to publish an article that explains their products or services. By doing so, you will be increasing brand awareness that could lead to more sales for them.
As a blogger, the bigger your audience, the more valuable you become to such firms and the more cash you can earn from doing sponsored advertisements. It is for this reason that this is not the best monetization technique for new bloggers.
- Reviews and Giveaways
The other form of advertising that can earn you passive income on your blog is through product or service reviews and running a giveaway campaign.
Here, the company gives the blogger a product to try free and then they are required to provide a review of the product. Alternatively, the company can provide you with some products that could you use in a giveaway competition for your audience.
This is an excellent technique to use if you love free stuff. Nevertheless, if you want cash, there are other better methods to make money blogging.
Affiliate marketing is one of the top ways to make serious cash blogging as compared to traditional advertising.
So, how do bloggers make money from affiliate marketing?
Amazon is an excellent example in this case because it has one of the robust affiliate programs. All you need to do as a blogger is a register on the affiliate program after which you will have an account.
The URL you get is unique and is a way to identify you. This is so that Amazon knows whenever you sent a client their way. Every time one of your contacts uses the URL link to purchase a product at Amazon, you get a commission from that sale.
Why is this more lucrative than conventional advertising? Well, imagine you sell a book and get $9.99 as a commission. What if you think outside the box? Let’s say you create a website for digital camera enthusiasts, get the relevant audience and recommend $800 camera to thousands of your audience.
Providing services is one of the easiest and fastest techniques of making money off a blog. This is because the blog doubles up as a portfolio when looking for new clients, which means that you can earn from working for others while still benefiting from your passive income streams. Here are some of the services to provide in your blog.
- Digital Marketing
Blogging is more than just writing and publishing articles, as you need to engage in other activities like SEO, social media strategies, content marketing, and design amongst several other things.
- Virtual Assistants
Virtual assistants are slowly becoming famous for online entrepreneurs as they aid business proprietors in conducting several administrative tasks.
There are endless services that you can offer as a virtual assistant depending on your skills and experiences. For instance, if you possess exceptional spelling and grammar skills, your service can be to proofread articles for other bloggers.
- Job Board
The other way to bring in more traffic to your blog is through the creation of a job board. This is because offering jobs on the site is not only providing a valuable service but ensures more visitors return again and again.
An example of a blogger who has a successful job board is one Darren Rowse who charges $70 for a 30-day listing. Let’s assume he has approximately 80 listings a month; this earns him a substantial passive income yet with little investment of time and cash.
- Freelance Writer
Since you are an already established writer with a blog, you can get paid to write articles for other bloggers.
Freelance writing is one of the simplest and most accessible services that you can offer on your blog. This is because it will not only earn you extra cash but is also an excellent way to practice your writing skills and build a name for yourself.
Sell Digital Products
Selling digital merchandise is another superb way of making money off a blog. The best part you don’t have to sell other people’s product or services, but you can create your own and sell it to your already existing audience. There are endless digital products that you can sell, and some of them include;
- Writing an eBook
Do you have in-depth knowledge in a given niche? Well, summarize it in an eBook and sell it to the blog. You can charge any amount from $5 for a short eBook to longer ones at $39+.
- Sell Templates
Another digital item that you can sell off your blog is a template. Useful templates make the work easier and save on time and money. The best part is that there are endless templates to create in almost any niche ranging from fitness, health, and business.
Passive Income Blogging
As you can see, there are endless possibilities to get passive income blogging. These are just some of the ways that are popular and lucrative. Which one is right for you? Let us know in the comment section below. For more tips on making money off a blog, visit our website.
Good luck on your blogging journey!