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Tuesday, July 09, 2019

How to Create Multiple Revenue Streams for Your Blog


Two bundles of currencies, a wallet, a calculator, a notepad and pen on a table.
There are multiple ways to make money from your blog if it has been getting some good measure of traffic.  I have used some of these methods myself while I have never tried some others but I hear of bloggers who routinely earn money from multiple streams of sources. Many bloggers earn just a second pay check from blogging while others earn a fulltime income from same sources. What you earn depends largely on the streams you are using, how good you are at blogging and how popular your blog had become. This popularity is measured by inbound traffic flow to the blog. That is really what brings in the income.


 

For most bloggers, making money with their blog is readily their most important objective for blogging. The better and more consistent they are at it, the more money they make. Many bloggers make averagely $5,000-$20,000 per year while some even post much higher figures from one of or a combination of the following methods.

#1. Display ads measured with Google Adsense where income comes from PPV, pay per view or PPC pay per click.
#2. Affiliate Display ads. You can also earn an agreed percentage in commissions from products actually purchased from ads displayed on your website as an Affiliate Marketer.
#3. Sale of E-books.
#4. Fees from Webinars.
#5. Sale of how-to videos.
#6. Sale of packaged courses.
#7. Direct payments for display ads to announce or promote events or products.
#8. Earned fees for letting others market with your Email list.
#9. Earned fees for helping to run surveys on your blog.
#10. Fees from Magazine or Bulletin subscription.

This list is by no means exhaustive. As bloggers get smarter by the day alongside the deepening of the internet and proliferation of smart hand-held devices like IPhones, Tablets and Smart phones, many more income earning ways get developed by bloggers. It is very crucial to have a viable revenue strategy for your blog because even if you are not interested in making a living from your blog earnings, you need resources to keep developing and growing the blog. You may need 2-5 hours daily to add good content to your blog. This is precious time that you are investing in your blog. This time must somehow be compensated for by what you earn from the blog. Without earnings from your blog, it will be difficult for you to fund and maintain your content creation. If you can’t maintain your content creation, you will not be able to grow your blog to keep it relevant and competitive enough in the densely saturated blogging world.



 

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