One of the first things which crossed my mind when I started blogging was, How could I make money from it. Although, that is not my focus anymore, I think everyone who blogs at some point of time thinks about it and there are many bloggers who simply blog because they want to make money from it.
A successful blog is certainly a fantastic tool to create an income stream, and sometimes a good blog is all you need to improve your business. If you do want to know how to make your blog successful you could read “How To Promote Your Blog Effectively!”. However, the reason for this post is to share with you all the simple 9 step formula to get on the fast track to making money with your blog.
So without any further ado, read through for the 9 simple steps to make money from your blog:
Step 1. Your blog is a tool to attract your customers or clients
Utilize your blog to promote your expertise. Your blog is your platform to connect with your audience and convert leads and generate an income. Share your expertise, knowledge and experience via your blog to reach your prospective clients or customers. Your blog in itself is just a free give away, use it rightly.
Step 2. Stay away from selling advertising on your Blog
Selling ad space on a blog sounds like a good idea to make some income, it sure is. But, you will make more money if you use that space to sell your own services or products or even promote your affiliate programs. You could always display affiliate programs which give out hefty commissions and make a lot more money than just showings ads. If you want help in finding the best affiliate programs around, look this up “Top Affiliate Marketing Networks”.
Step 3. Reverse your sales funnel
A cheap product is just that, a cheap one. Most bloggers tend to launch cheap products in the beginning and then complain about how they are not making any money. The best one can do is to build a sales funnel in reverse. Instead of expecting a sale, in the end, build a funnel to create a sale in the beginning. Create and sell your most valuable products right at the start. You will see a difference in no time.
Step 4. A cheap market is a MYTH!
A valuable product costs more, and pricing your products or services in the premium bracket works best to monetize. Even, if you have a small subscriber base, selling just a few premium products will help you make more money than a combined sale of cheap products.
Step 5. Charge premium prices for your services
Do not undersell yourself by feeling guilty about charging premium prices for your products or services. By charging premium prices, you are assuring your customers of premium service. Your customers are paying for results and with a premium offering, you can do everything possible to get your customers what they desire.
Step 6. Do not waste time on Facebook, Twitter, Google+
Yes, you read it right. Though I do regularly post to all these social media platforms, what I have realized is that social media generated visitors per hour is by far the lowest. Focus on building your subscriber base instead of wasting time on social media forever. However, social media can also be leveraged to help you monetize, but at a later stage.
Step 7. Focus on building your email list
The size of your email list is directly proportionate to the amount of money you can make. That is how simple it is if you are starting up target making a dollar from every subscriber you have and slowly build on that. So, it all trickles down to how many subscribers you have because the more subscribers means more money for you. Focus on building an email list from the beginning and distributing relevant and valuable content to them. I will be writing a “How to build your email list” post pretty soon, so check back.
Step 8. Don’t wait to sell
Many of us postpone selling and wait to build an email list or followers first. Don’t make that mistake, if you want to scale your reach you will need money, so start selling from day one. Do not make your blog look like a sales presentation, but do make your services or products available from day one. Make sure you know your audience and offer them what they want.
Step 9. Share your expertise
Probably the most important Step for your success in making money with your blog is to share what you learn with others. Not only will it gain your a loyal following, but it will also build credibility for you and what you have to offer. Also, by sharing your experiences, you will inspire your fellow bloggers to make money and become successful.
These are some of the steps which I am currently practicing and have seen lots of bloggers get successful with. I do believe this is not a definitive formula, but a simple and easily implementable one. So, I will encourage all of you bloggers to use them and let me know if it worked for you.