30 Proven Ways to Monetize Your Blog Part I

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2009 is rapidly approaching! A new year is ahead and a great many of us bloggers are looking for unique revenue streams to add a little extra income to their current finances, or create a lifestyle where blogging can support all of your needs.

This series of posts is going to feed you some amazing information for you to digest over the next week or so. My hope is that thru this information, you can explore these avenues further, and perhaps find ways to achieve your goals.

1. PPC Advertising Methods

Google AdSense is the most popular example of this monetizing methods. The concept is for a user to sign up on a site and then include snippets of data on your site to monitor. Your results and the amount of money you make through this method is solely depended on two things, the first is the traffic that goes through your site, and secondly the niche that you’ve established yourself in.

2. CPM Advertising Networks

CPM is based on the number of page views your site receives. CPM (Cost Per Mille) is based on every 1,000 impressions your site receives. Rates will vary depending on the network you choose to align yourself with. The more impressions you receive, the more money you make; anything from as low as $.10 to as high as $10 is what you will find across the networks.

3. Banner Advertising

This method can be one of the most lucrative methods, again dependent upon the size of your audience, and the number of advertisers that you can attract. Using the site you’ve created, you decide what space you’re willing to offer up, and then attract quality advertisers to that spot. You have a direct line to the advertises which leaves you not having to depend on a middle man.

4. Text Link Advertising

Text Linking is a pretty straight forward method. Having links within your site that are not intrusive, but are available to market different items to your readers. The word will look like a hyperlink which will take you to a site of the advertisers choice, but it’s not so blatant that it forces users to click, so the opt in/out is beneficial. There are down sides to Text Link Advertising so make sure you read the links below as you research these methods.

5. Affiliate Marketing

Very popular amongst the vast majority of online marketers, where a merchant will allow others to sell the product either directly or indirectly for a commission. Whatever tools you use to increase sales, you are bound to make money and increase your exposure.

6. Money Making Widgets

These are basically what has been mentioned above in the last four listings, except the concept is contained within a widget making it easier for site owners to plug it into their site and hit the ground running.

7. Sponsored Reviews

The idea for this method is to charge for a review of a product or service that is offered. This can get sticky for several reasons. For starters your site must lend itself to this type of monetization method, a review will look odd if the site does not fit the post, secondly the review may not be favorable if the product or service is not good. You don’t want to give off the impression that your “positive” review can be paid for, so becareful with this one.

8. Advertising via RSS

RSS Feeds are the new hot trend. Everyone is receiving information through their feeds, and aggregators are becoming increasingly popular as users tap into their collective gatherings for all the information they seek. Attaching advertising to the RSS is a new practice with very few options, but it’s always worth a try!

9. Content Sponsors

If you have specific areas of your site that are highly specialized, or perhaps you create original online content for your site like a podcast or vlog, you can always seek sponsors for these. Depending on your topic, there are plenty of sponsors out there looking for the right exposure.

10. Premium Content

Many sites offer premium content on their sites; basically content that users will pay for in order to get more in depth knowledge or one-on-one expertise. Premium content is created and controlled by you, and if you are able to establish yourself as an expert and monetize your efforts, the sky is the limit for your endeavors.

Take a look at what Internet Business Mastery has done with their site.

These are just a few of the examples, as we go throughout the week we’ll discuss the rest of the methods in Part II and Part III. Digest these ideas and plan your attack for 2009!

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Luis Sandoval is a media professional and consultant who shares his insights on social media and technology on his blog The Daily Slackr.

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12 Comments »

Comment by http://jpcats.com
2008-12-15 08:55:58

Pertamaxxxxx!
Thanks for the list, i have try for some program and will do the same way for another. I will try one by one :)
I am newbie and now i subscribe for your new post via email..

My last blog post is..MyBlogLog ‘What’s Hot’ Topic

Comment by Luis Sandoval
2008-12-17 08:02:02

Happy you enjoyed your post, and I think your approach is the best. Try each one if you can and see which works best. It might even be a combination of what is being listed in the 3 parts. Just remember, you never want to detract readers from your site, advertising should be subtle, if not organized and straight forward with the ability to opt out. Intrusive marketing will net you small value.

My last blog post is..Losing Your Identity to an Online Handle

 
 
Comment by Martin Lindeskog Subscribed to comments via email
2008-12-15 18:00:12

What’s your take on Blogads way of monetize a blog?

My last blog post is..VISIT TO THE BIG APPLE NYC IN 2009

Comment by Luis Sandoval
2008-12-17 08:04:01

If you could clarify your question, I want to make sure I answer you correctly.

Are you asking me how I feel about the way bloggin-ads monetizes itself?

My last blog post is..Losing Your Identity to an Online Handle

 
 
Comment by Forest Subscribed to comments via email
2008-12-16 12:59:47

These are great. In 2009 my blog will take on a new lease of life and I will be using more monetization methods.

My last blog post is..We won $1000….. Thank you everyone.

 
Comment by Martin Lindeskog Subscribed to comments via email
2008-12-17 09:34:17

Luis Sandoval: I meant Blogads DOT com.

 
2008-12-17 17:56:23

[...] Martin Lindeskog: Luis Sandoval: I meant Blogads DOT com…. [...]

 
2008-12-18 12:18:54

[...] 30 Proven Ways to Monetize Your Blog Part II [...]

 
Comment by ASANT Media Subscribed to comments via email
2008-12-19 17:49:28

While sponsored reviews can bring in some good money, often times they have no meaning to the actual niche. So do them with caution.

My last blog post is..3 Reasons to Add Blog to Site

 
Comment by Daral
2008-12-27 01:58:45

Sharing of of this blog is useful and important. I like this blog and this blog have reasonable entry.

 
Comment by David Subscribed to comments via email
2009-01-04 18:15:42

Thank you for the educational blogging resources, I appreciate it.

Energybloggers.com

My last blog post is..Goodwin Young – Empowering the American Dream

 
Comment by Felix Makmur
2009-04-16 02:07:20

Really great tips and instructions on how to monetize a blog. I can surely pick up some advices and suggestions that you offer in this post and join some of the recommended programs. Thanks a lot for sharing this post.

My last blog post is..4 Free and Easy Internet Marketing Strategies

 
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