To be candid, blog monetization can sometimes be overwhelming due to the existence of vast ways by which you can make money from a blog. All blog monetization method works well, but how well they will work for you will depend on how well you implement them & the type of audience your blog has.
If you want to really make money from blogging, you need to know your audience, their needs & interest and then apply this to your decision when choosing a way to make money from your blog.
So, here I will discuss and mention,
5 best ways of earning good amount of money from your website
1. Contextual Advertising
Contextual advertising is one of the most popular ways by which bloggers make money from their blogs. Contextual advertising involves you joining various Ad networks and serving ads from these networks on your blog.
You have heard about this method of making money via Ad Networks and to be honest with you, you can actually make a decent income from your blog via contextual Advertising.
But a stable and a large amount of traffic is required to make good income from contextual ad networks.
All the same they are good and this blog monetization method works well, especially if you are a beginner blogger. If you are looking for an easy way to make money from your blog, then I gladly recommend contextual advertising for you.
2. Direct Ad Sales
A direct Ad sale is also another common blog monetization method among bloggers. It involves you creating some ad spaces on your blog (usually sidebars and headers) and offers them to advertisers on a monthly or yearly rate.
However, before your blog can attract advertisers that will be willing to pay you a decent amount for advert space, you will need to have a blog with a decent amount of traffic and page views on the high side.
If you need to opt for this monetization method, you will need to work on your blog traffic and ranking and also set reasonable prices for your Ads spaces.
3. Affiliate Marketing
Affiliate marketing is kind of popular among bloggers and its one of my favorite ways of making money from a blog. There is no limit to the amount of money you can make via affiliate marketing, your commissions or earning is only limited by your marketing and promotion skills.
There are lots of bloggers making 4-figures to 5-figures from affiliate marketing and you too can achieve such feats with proper and smart marketing strategies.
Affiliate marketing involves signing up as an affiliate of products and service and earning a commission each time you make sales or refer people to the affiliated product or service.
If you have a list of responsive subscribers, you can easily broadcast a recommendation of a product or service that you have found helpful to them and earn a commission if they also purchase such product or service.
4. Product Creation
Product Creation is another profitable way to make money from your blog/website. Product creation is all about looking for needs and problems in your niche and creating a product that solves that need or problem. When am talking about product creation, don’t just think about eBooks alone, this is just too common!
Think of something much better, there are lots of products types that can be created such as: Plug-in, Software, Scripts, and Applications, Video Tutorials, Online courses and so on.
5. Freelancing/Offering a Service
Freelancing is one blog monetization technique that I so love! This money making way swallows up almost all other means of making money via a blog.
Freelancing involves you offering of services of what you know you are good at doing to people. If you are good at writing, you can start offering freelance and ghostwriting services to people. If you are good at design/Photoshop, why not start offering design services to people and companies online and you will be amazed at how much money you will be making.