HIT Virtual welcome a guest blogger today – Andrew Wise. Read more about Andrew at the end of this post.
Most people blog because they enjoy writing. The thrill they receive from the notification of a new comment or subscriber is unparalleled to any other feeling in the world and serves as silent validation that their talents don’t go unnoticed by the often opinionated people of the world wide web.
Over 80% of blog visits on any given day belong to new visitors. That means you have a constant stream of new potential readers checking out your work. If you were able to make money from blogging, those potential readers would actually be potential customers — and their readership could go from being an ego boost to earning you a pretty penny.
If you implement a few monetization strategies that already have proven success rates from successful bloggers, you could be earning a living in no time.
Free PDF Checklist: Download a free checklist that lists the top ways $100k bloggers are making money and how you can sign up for them. Here’s a link where you can download the PDF
Pat Flynn
Strategy #1: Promote BlueHost as an affiliate marketer
At $65 per sale, BlueHost is one of the most common ways that bloggers make money. All you have to do is promote the product and show your readers how to use it. For every person that signs up under your advice, you receive compensation. Sounds easy enough, right?
Strategy #2: Podcast sponsorships
For the majority of podcast listeners, promotional messages come with the territory. You don’t turn on the radio and expect to never hear an advertisement, right? Podcasts are no different. As a matter of fact, 67% of podcast listeners don’t mind listening to promotional messages.
Strategy #3: Licensing the Smart Podcast Player
With the success of his podcast came yet another potential business venture. Pat saw an opportunity to improve upon the podcast-listening experience, and created the Smart Podcast Player.
Regina
Strategy #4: Selling info products
This is kind of like information about information about information here. Regina offers premium information products that promise to help people sell their own knowledge to others in need. It offers added incentives, checklists, and more.
Strategy #5: Selling one year editorial planner
This physical one year editorial blog calendar has received 56 positive reviews since conception. It boasts to help bloggers for one year worth of content planning, too.
Strategy #6: Become an Amazon Associate
If you have a niche website like Regina does, Amazon Associates is an exceptional way to make some extra cash. They pay up to 8.5% commission on sales through your advertising, and all you have to do is include them in your posts.
Johnny FD
Strategy #7: One-on-one phone coaching
People love experts. Chances are, that’s why they are coming to your blog in the first place. By offering one-on-one phone coaching and getting that personal mentoring connection with your audience, you can help shorten the learning curve and maybe even turn a struggling blog around.
Strategy #8: Book sales
If you have an established and loyal “fanbase”, it’s actually quite beneficial (and profitable!) to consider writing a book. It gives your audience a more in-depth look into things that you can’t explain in one or two blog posts, and can really give you the exposure you need.
Strategy #9: Udemy courses
People want to learn. There is no better online classroom right now than a Udemy course. It has a unique marketplace model that puts students and instructors under one platform. There are millions of students that are searching for knowledge of a particular subject, so you are all but guaranteed to ‘sell’ your course to someone. Additionally, you will receive 70% of the revenue!
Strategy #10: Drop shipping
Johnny has run two drop shipping stores since 2013 and made a net profit of over $5k just in the month of March by working only an hour or so a day! The great thing about drop shipping is that once you manage to become profitable, you may even want to consider selling your website for upwards of six figures.
Abby
Strategy #11: Book sales
Much like Johnny, Abby has also found success with book deals. As a matter of fact, she currently has 3 books available for sale and makes somewhere around $13k per month from e-book revenue.
Strategy #12: .PDF life planner
This printable digital product is different than Regina’s in that very sense — it’s a PDF file. But the focus is the same in helping her audience achieve their goals and stay productive. Although this is a seasonal product meant for the start of a new year, it still sold well and earned Abby over $9k in the 3 months it was sold, from November 2015 until January 2016.
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About the Author
Andrew Wise is a serial entrepreneur whose sites generate $1+ million in revenue and receive 2.6+ million uniques per year. On his blog, Wise Startup Blog, he shares actionable advice on how you can build massive, passive income streams, designed for everyone from the complete newbie to the experienced marketer. Follow him on Twitter @WiseStartupBlog.
