Monetizing Your Blog At the Next Level

Blog Resources, Blogging, Business, Money Making Add comments

Many writers have looked to blogging as a way to instantly create income that will work for them even when they are not at the computer. Blogging as a platform is easy to use and even easier to learn. There are some generally accepted practices to blogging, which have been covered here and on other sites, but overall blogging provides the freedom to communicate your thoughts to the world.

Monetizing your blog is a great first step to ensuring that your thoughts and time have value. Whether you work with affiliate advertising, use Google Adwords, or some other mechanism to make money, it’s important that we feel that our work is valued, and with increased traffic, it’s hard not to make money.

But what happens when you’ve peaked with your online income? Is there a next level?

The answer is yes, and we’ll briefly talk about how you can take your ideas and thoughts to a whole other level.

Understanding the Value of “Product”

In a previous post we discussed how vital it is to be an expert of the blog topics you are discussing. Over on my own personal blog I touched on the topic of accuracy with regards to being the true and accurate self when interacting online. All of this can lead to the foundation of taking the community you’ve built, that trusts in your work and utilizing a business model to put even more value to what you are sharing.

Product is key, in anything you do; product is what is valued as a commodity in the business world. You started with your writing, that was the first level of “product”, but now that you’ve hit your limit you will now take your existing product and turn out something new. This “new” product will be something that people will invest time and money into if done the right way. Everything I’ve discussed in the past on this site and others will help to put together a plan with limitless profits.

What is the Product?

Back in the early part of the 19th Century and early parts of the 20th Century writers like Charles Dickens were published in magazines. Month after month, or week after week, depending on the periodical, his works were continued in the same publication. Afterwards the pieces were removed from their original frameworks and thrust together into one continued storyline. His two most famous novels were A Christmas Story and Oliver Twist.

Do you see where I’m going with this? No, I’m not asking you to write a novel…not exactly.

Comb over all the work you’ve poured into your site. Chances are that over the year or two that you’ve been writing there are similar pieces that could ultimately come together to form some kind of instruction for someone to follow. By combining these you’ve now created a product that people can use instead of having to dig through your site to find all the articles separately.

This could add up to your own publication using self publishing methods, or you could create a series of e-books which are prevalent online and do quite well in the market. You’ve now found a way to offer yet another product that users may want to buy into, and by offering pieces of it on your site, you can increase the visibility of both your site and your product, reaping the benefits of making a profit on both ends.

Final Thoughts

This is something I have recently started to develop and already I’m happy with the return. Currently I’m taking the initiative further and developing instructional DVD’s for the topics that most interest me, along with providing an e-book, and podcasts. I look to turn this trifecta of media into a profitable business, and it all started by following the basic fundamentals of building a product and a community.


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14 Comments »

Comment by William
2008-11-01 20:44:18

It’s so true that every successful entrepreneur has a product or service that they sell. It’s no different when comes to blogging. I really like the Charles Dickens’s analogy that you have drawn upon to make your point.

Thanks for sharing your thoughts on this.

Comment by Luis Sandoval Subscribed to comments via email
2008-11-02 08:13:27

I appreciate you taking the time to leave a comment, and I enjoy sharing my thoughts with all of you.

The Charles Dicken’s reference is just one of many. The way I see it, you’ll have those that come to your site for what you do on a regular basis, but with 6 billion people on this planet, someone did not get the message. That is why I think product is so lucrative and doable for anyone. There is going to be someone out there who will see what you do for the first time and willing to pay the price for what you have to offer.

My last blog post is..Media Minute

 
 
Comment by -Paul
2008-11-01 21:05:34

Using your approach, you can conceivably create a number of reproducts. You can also supplement the informational products with services offering professional guidance and coaching for paid members only. This income stream is more predictable and stable over the long run with less attritions relative to product sales.

Comment by wik
2008-11-01 21:57:50

@Paul – I agree with you that an alternative income stream from membership would help you when your product sales are down or when there are unusually high number of “returns” in bad economic times. Heck, I’m feeling it now.

 
Comment by Luis Sandoval Subscribed to comments via email
2008-11-02 08:20:53

Yes! There are limitless possibilities to create reproduct. The limitation that exists is your willingness to work. But you’re right, you can even build on what you sell to offer professional guidance in person or online. Membership sites are valuable, if locking people down to subscription packages is another good way to predict your income.

Sites can offer 3, 6, 9 or 12 month packages, and with that you’ll be able to estimate what your income will be. Another useful idea is to offer early rate charges for those that sign up by a certain date. Conceivably people will rush to get your product, still increasing your profits because they don’t want to pay the increased rate after the date.

Business can be good depending on what you offer and the value that is perceived by the customer.

My last blog post is..Media Minute

 
 
Comment by Rohit
2008-11-01 22:19:12

I know of blogs specializing in software offering consultancy services.

 
Comment by Nurse Jen Doll
2008-11-02 21:04:37

My blog is probably classified as a personal blog since it’s about my ‘being a student nurse’ and some other things.

I’m wondering, though, if I have a chance in this big blogging business with just that blog in my plate? What do you think, Stephen?

Comment by Stephen Lee
2008-11-02 23:30:31

It’s evident that you’re quite passionate about blogging in your niche space – just continue doing what you’re doing and the money will follow eventually. In addition, pay a little more focus towards helping other fellow students network among themselves like starting a forum discussing school topics or anything in general.

As your blog matures, and the students graduated, you could evolve your blog into something focusing on topics concerning working nurses. There will be many income opportunities like advertisers interested in your readers’ demographics; job board for nurses; career counseling and many more. The opportunities are limitless :)

 
 
Comment by Online Ads Blog
2008-11-03 18:43:42

I agree with you, it’s time to building a product and a community.

Comment by Stephen Lee
2008-11-03 19:19:05

I’ve procrastinated many times on productizing my blog’s content. But, this time around I’m going to set some time aside to review my blog’s content and come up with a few alternatives. As always, I welcome any suggestions.

 
 
Comment by Nurse Jen Doll
2008-11-05 19:47:02

My blog is only a month old and I do not have much content compared to other websites out there yet. It’s nice to have blogs out here talking about how to monetize with blogging, as I have no idea how to increase my traffic enough to actually have more than just a few dollars a day from my website.

http://www.nursejendoll.com

Comment by Stephen Lee
2008-11-05 21:04:34

For a one month old blog, you are well on your way to become successful judging by the quality content that you offered your readers. Here are some blogginads articles that talk about monetizing your blogs in ways that might be useful to you:

http://bloggin-ads.com/how-exactly-can-blogs-make-money
http://bloggin-ads.com/ten-secret-ways-to-get-money-out-of-blogging
http://bloggin-ads.com/what-makes-a-blog-very-profitable

 
 
Comment by Tinh
2008-12-04 01:24:06

Great post, I like it very much. Tinh

 
Comment by Barney
2009-03-25 18:46:44

There is obviously a lot to know about this. I think you made some good points in Features also.

 
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