Now we will learn how to prepare your blog for monetization and monetization strategies for blogs with small (new blogs), medium and large audiences.
If one of the driving factors for starting a blog was to make money online, then this is the guide you have been waiting for. For those who work full-time jobs, earning money from your blog is a great way to generate side income. For those who plan to dedicate themselves to the monetization strategies, it’s possible to use it as regular source of income.
Passive income is the way to go so you can earn money while you sleep. This isn’t entirely false, but it’s not as simple as it sounds either. Bloggers who are well known for their passive income generation did not start their blog one day and earn piles of money in their sleep the next. Just like any other income source, passive income requires a good bit of hard work in the beginning to set up. But if you do it right (and we’ll teach you how), you can start earning money, even while away from the computer.
Income reports are monthly blog posts written by bloggers who make money online, showing exactly how much they earned throughout the month and how they did it.
What you want to be on the lookout for are misleading income reports - those that show how much a blogger makes, but not how much they spend. Many bloggers invest a lot of money into their blog on a monthly basis in order to earn revenue, but some conveniently leave that fact out in their income reports, making it look like they are earning tons of free money.
Whenever you craft your own monetization plan, you will need to keep some expenses in mind. These include your web hosting, email marketing software, search and social media tools, mastermind memberships, online advertising, and similar costs.
You can only utilize certain monetization strategies with a budding audience, you shouldn’t get your readers used to an advertisement-free blog, then spring into monetization mode as soon as you hit a certain number of visitors. This might surprise and put off your original readership.
By putting some monetization strategies in place at the very beginning, you will have the chance to earn a little money from the beginning while letting your audience know exactly what they are going to get. Sure, you can add or subtract monetization methods as an ongoing process to test which ones earn the most revenue, but don’t feel like you have to wait to start.
