5 Ways to Make Money From Your Blog

by Onibalusi Bamidele on July 13, 2010 · 45 comments






Blogs are one of the major online platforms and day by day more and more blogs are being created. There are hundreds of millions of blogs in existence with more being created everyday it is important to make use of our blog(s) to the fullest.

Some peoples lives has changed through blogging and we now have millionaires and lot of rich people whose wealth is as a result of their blog. It is possible to make money from blogs and this post will be showing you 5 great ways by which you can make money online from your blog.

1. Pay Per Post or Sponsored Reviews: This is one great way to make from your blog.

You can contact companies in your niche and ask them if they will be interested in you reviewing their product or company, they will most likely show interest. It is also very important to be professional when contacting them and let them know what they will gain as a result.

You might also want to use some third party websites like: Sponsored Reviews and Review Me.

Writing a review might make you anything from $10 to thousands of dollars but it all depends on how big your blog is.

2. Selling Text Link: This is another way to make money from your blog, it is also similar to selling banner ads but the links in this case can be in the posts or banners.

What most of the companies that needs this type of service wants is improved search engine rankings and the higher pagerank you have, the more your potential of earning.

Before you use this method, you should know fully well that this is against Google’s TOS (except you use nofollow – which I don’t think anybody would want to pay for anyway).

A great place to start is TextLinkads.

3. Contextual Ads: Another great way to make money from your blog is my making use of contextual ads such as Google Adsense and the likes.

When trying to make money online using this method, it is very important to optimize your ads very well, you might want to make it blend with your site.

Traffic is the most important thing when trying to make money online but in a situation like this, traffic is of little importance. When I was still using Adsense, I had 1500 impressions with 26 clicks and I made less than $1 (my placement was really worse).

Another thing is to make sure you have a good click through rate (ctr), this is calculated by how may people clicked out of 100 people. If you have a high CTR then you will make more money but if you have a low CTR you will make less – having a good ad placement can help you improve your CTR.

4. Banner Ads: Another great way to make money from your blog is by selling banner advertisement on your blog, you can either contact companies individually or make use of third party websites.
The amount you can make from banner ads will be determined by the size of your audience. If you have a small audience size then you might find it difficult to get big advertisers but if you have a big audience size, the advertisers will even be the one after you.

It is very important to charge low fees when just starting because this will make the advertiser want to buy from you, you might also want to give them a few days trial and if they like the result they will become a long term advertiser.

5. Affiliate Marketing: Affiliate marketing is one of the easiest ways to make money online, all you have to do is select a good offer from a merchant and then look for how to drive traffic to it. This concept can also be used in blogging. You can either decide to promote affiliate products on your blog through banner ads or by reviewing the affiliate products on your blog. It is very important not to promote just any product but only high quality products that you trust.

You will discover that most of the above methods requires you to have traffic, you can check out my ebook dedicated to that (it even has a chapter dedicated to 24 hours emergency traffic formula).

There is nothing impossible under the sun, you can make lots of money from your blog if you work hard towards making your blog a success. The above are 5 great tips to make money from your blog.



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{ 40 comments… read them below or add one }

Gary David | Build Your List Fast July 13, 2010 at 11:10 am

Thanks for sharing this Oni! Blogging is one of the great way to earn passive income online. As long as you know the methods on how it works, there’s no way that you can make money blogging. I also like the idea of affiliate marketing through blogging. If you have a large readers base just like johnchow.com, then you will really earn a lot of money recommending products from other people.

I also like the “banner ads” type of making money. If you are getting tons of traffic to your blog, then selling advrtising space can make you another income stream, and again, it’s a passive income.

Thanks again for sharing this.

Kind regards,

Gary

Reply

Onibalusi Bamidele July 13, 2010 at 11:23 am

Hi Gary,

Exactly, Once you know the methods and how it works you will begin to get great results.

Thanks so much for the nice comment,
-Onibalusi

Reply

Nabeel | Create Your First Website July 13, 2010 at 11:13 am

Great tips Onibalusi.

You are right “Affiliate marketing is one of the easiest ways to make money online” but “It is very important not to promote just any product but only high quality products that you trust.” Many people forget this, and blindly promote products with only high commissions.

Thanks for the methods.

Kindest,
Nabeel

Reply

Onibalusi Bamidele July 13, 2010 at 11:20 am

Hi Nabeel,

Exactly, you are absolutely right.

Thanks a lot for the nice comment,
-Onibalusi

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Julian July 13, 2010 at 12:50 pm

about the paid review…
i still prefer ReviewMe and vote them to be the best because i can earn more from it
the reason is ReviewMe calculated price and did not let the blogger to set their price.
I think that’s better
Julian´s last [type] ..Trouble Shooting- “You do not have sufficient permissions to access this page”

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Onibalusi Bamidele July 13, 2010 at 3:54 pm

Hi Julian,

That is another great feature they have.

Thanks a lot for the nice comment,
-Onibalusi
Onibalusi Bamidele´s last [type] ..How to Arouse Engagement On Your Blog – Get More Comments and Retweets

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Daniel Sharkov July 13, 2010 at 1:25 pm

As I see things, the best blog monetization technique currently available has to be affiliate marketing. There are a lot of methods on using affiliate links and those seem to have pretty high conversion ratios, in contrast to contextual advertisements such as Adsense, which are rather ineffective.
Daniel Sharkov´s last [type] ..YouTube Revolution – Discover YouTubes Endless Marketing Potential

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Onibalusi Bamidele July 13, 2010 at 3:55 pm

Exactly Daniel,

You are absolutely right.

Thanks a lot for the nice comment,
-Onibalusi
Onibalusi Bamidele´s last [type] ..How to Arouse Engagement On Your Blog – Get More Comments and Retweets

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Blog Angel a.k.a. Joella July 13, 2010 at 3:25 pm

These are all great ways to monetize your blog. But one that you neglected to mention is product creation. Create a software tool, and eBook or video that you can sell. Make it quality content that will be of genuine use to your users and it can be a real income source.
Blog Angel a.k.a. Joella´s last [type] ..Followers On Twitter Find The Ones That Really Matter

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Onibalusi Bamidele July 13, 2010 at 3:57 pm

Hi Joella,

You are absolutely right but I think this will be the best for bloggers at any level. What do you think?

Thanks a lot for the nice comment,
-Onibalusi
Onibalusi Bamidele´s last [type] ..How to Arouse Engagement On Your Blog – Get More Comments and Retweets

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CJ July 13, 2010 at 5:01 pm

Great stuff man,
I definitely think Affiliate Marketing is the best way to make money from your blog. Adsense never seems to be worth it. The most I’ve ever made in a day with adsense is $4, haha,

CJ

CJ’s last blog ..25 Hot Article Sites – List of Top Article Directories To Increase Your Site’s PageRank!

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Onibalusi Bamidele July 14, 2010 at 8:58 am

Exactly CJ!

You are absolutely right. That is exactly why I stopped using Adsense on my blog.

Thanks a lot for the nice comment,
-Onibalusi
Onibalusi Bamidele´s last [type] ..Making Money Online from the Square One – If I had to Start Again…This is What I’d Do

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Wilson July 13, 2010 at 5:27 pm

Let’s not forget the CPA networks. I know that’s a nice way to monetize websites. Of course you have to know what you’re doing.
Wilson´s last [type] ..Read My Interview with Mike Ziarko

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Onibalusi Bamidele July 14, 2010 at 8:59 am

Yeah Wilson,

You are absolutely right.

Thanks so much for the nice comment,
-Onibalusi
Onibalusi Bamidele´s last [type] ..Making Money Online from the Square One – If I had to Start Again…This is What I’d Do

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Marek July 13, 2010 at 6:11 pm

All the methods you mention are good possibilities, although as you mentioned text link ads can get you in trouble with Google. Of course a combination of all the methods is the most profitable way to go!
Marek´s last [type] ..Five Things to Do When The Fail Whale Strikes

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Onibalusi Bamidele July 14, 2010 at 9:00 am

Exactly Marek,

Combing all the above methods can help you make even more money.

Thanks a lot for the nice comment,
-Onibalusi
Onibalusi Bamidele´s last [type] ..Making Money Online from the Square One – If I had to Start Again…This is What I’d Do

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Himanshu July 13, 2010 at 6:33 pm

how to more earn frm blog?
Himanshu´s last [type] ..How to Change Google Homepage Logo

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Jean Sarauer July 13, 2010 at 8:46 pm

What I really like about these ideas is that they work for people who do not have a lot of time to put into creating products. Plus, some people just don’t enjoy writing or creating products. And, even then, it’s always good to have multiple streams of income. All the trickles can add up.
Jean Sarauer´s last [type] ..How to Avoid Blog Plateaus and Grow Your Blog Infinitely

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Onibalusi Bamidele July 14, 2010 at 9:03 am

Exactly Jean,

Having multiple streams of income is the best way to go.

Thanks so much for the nice comment,
-Onibalusi

Reply

Murlu July 14, 2010 at 2:30 am

I’m still very much on the fence about many of these because my blog is still only a little over 2 months old now so I don’t want to go sending people off just yet.

One thing to remember though is your reader vs. “through” traffic. You’ll obviously want to capture some of the through traffic but the others, if you can have them click on your ads as they’re leaving you can really benefit.
Murlu´s last [type] ..Write 10 Articles A Day- Market Yourself And Avoid Burn Out

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Onibalusi Bamidele July 14, 2010 at 9:08 am

Yeah Murlu,

The best thing is to start now. If you don’t, when you start you might even lose some readers or get no response because your readers are not used to it.

Thanks so much for the nice comment,
-Onibalusi
Onibalusi Bamidele´s last [type] ..Making Money Online from the Square One – If I had to Start Again…This is What I’d Do

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Mike July 14, 2010 at 6:49 am

Another way earning from your blog is flip it. Some bloggers build a blog in massive time and flip it for profit. Sometimes I see people earn 300 for a 1 month established blog so you may consider this approach as other approaches.
Mike´s last [type] ..How to fix the error Cant send header Header is already sent

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sangsang July 14, 2010 at 1:41 pm

Thank you for sharing, these articles really helpful

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Shawn July 14, 2010 at 2:49 pm

I think people should first get their numbers up first, once you have subscribers and followers then you ca look at what to offer them, these should be people who have come to trust your judgment and understand who you are.

It’s so much easier to “promote” once that has been established

Shawn,
Shawn´s last [type] ..Double Complete Rainbow

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Febap Liew | Making Money Online Today July 14, 2010 at 3:14 pm

hey oni,
great list on how to monetize one’s blog to make money online today.
well inevitably as what @Shawn has mentioned, we ought to get a decent amount of traffic in first before even try on making money online with it.
Therefore, my advice for any new budding bloggers, do not just build the blog for the sake of making money online. That won’t do if you are too focused on just the money. instead, provide valuable information and content.. always keeping the best interest of your readers in mind. then eventually as you make up and improve, you can look forward to such methods to monetize your blog. in fact, i bet there are still many ways to go around making money online with it.
Content is king and traffic is erm..’queen’? =P ( you get the idea )
cheers
keep up the good work,buddy.
Febap Liew | Making Money Online Today´s last [type] ..How Does It Feel Like To Succeed

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Jaycee July 15, 2010 at 1:14 pm

Hi Oni

You guys over here are still pumping out excellent, valuable content. I didn’t know about reviewme etc. and tell the truth, I would like to earn a little cash along the way, whilst building up my brand and focuing on creating my own list.

I’m going to check out the sites you mention (except for the black/greyhat one!).

I really am enjoying blogging, and although I’m starting out in the IM niche just now, I have some great ideas in the works soon to go live!

It’s all exciting stuff.

Thanks again, Oni, Dev and crowd. And for you’re support over at my blog.

Cheers

Jaycee
Jaycee´s last [type] ..Internet Millionaire Mishaps – I’m so over it!

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Jaycee July 15, 2010 at 1:57 pm

Hi Oni

I checked out both of the review sites (sponsored review and reviewme) – unfortunately I don’t qualify yet.

I think it’s because my blog has been running for less than three months, and that’s the minimum time stipulation.

That’s a shame, but still thanks for the tips, I’ll try again later!

Jaycee
Jaycee´s last [type] ..Internet Millionaire Mishaps – I’m so over it!

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Shiva | Money Making Ideas July 15, 2010 at 5:47 pm

Wow, I make money(even if in less amounts) from all of the above sources (except text links). I am now trying to increase the volume of earning. Nice post Onibalusi
Shiva | Money Making Ideas´s last [type] ..List of common HTTP Status Code Errors and what they mean!

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Peter Beckenham July 17, 2010 at 5:57 am

Hi mate,
What a great post. I am just about to go and check out all those valuable revenue options.
I also subscribed to your newsletter today and as well found so much interesting content here that I have already spend nearly an hour reading all your posts and learning heaps! Your post on press releases was awesome
Thanks again and my best wishes
Peter Beckenham´s last [type] ..Are You Getting Enough Traffic

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Dean Saliba July 17, 2010 at 2:14 pm

I am a massive fan of using pay-per-post sites to make money. I am part of about 20 of them.

I also make a small amount of money on Twitter using sites like Sponsored Tweets.
Dean Saliba´s last [type] ..Recycling Old Content

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chandan from submit free article July 18, 2010 at 3:35 am

Ya if your blog drive huge amount of traffic you can make a good living by blogging. There are so many opportunities for make money blogging.

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bay37com July 18, 2010 at 9:22 pm

Oni,

I believe that trying to make money through blogging is not a very viable strategy. It works for some… but meh.

It’s best to provide tons of good info and build up rep, then do a big launch and over deliver. Rinse & repeat. You’ll be set for good. :)

Reply

Bidet July 21, 2010 at 10:13 am

Thanks for sharing this, making money on your blog is very important, there are some bloggers out there who make a living from there blog and its never too soon to start monetizing your blog, just make sure you do it in a way that does not annoy your readers and keep them from reading your content.

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etipz July 25, 2010 at 10:38 am

Great Article! thanks for sharing Onibalusi
etipz´s last [type] ..9 steps to avoid seasickness

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howtomakemoney August 20, 2010 at 12:51 pm

thanks for sharing this comprehensive article. its very informative and useful. i appreciate that you shared those tips to us. blogging is something that can really bring us some or even a lot of money as long as we know how to use it and the techniques and we should have knowledge & skills on these things.
great share!
howtomakemoney´s last [type] ..Mylot Review – My Personal Confession

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Dianne from how to make money October 4, 2010 at 8:52 am

Excellent article! we all know that blogs were just nonsense things before yet now a days are very useful to mankind! and YOU just show us and unveil our eyes the vital way in making it into cash!
Actually, I am so grateful because there will be a great reason for the creation of my blogs. You showed me the right path to start, thanks a lot!
Dianne@ how to make money´s last [type] ..Mylot Review – My Personal Confession

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D Baker from Keyword Winner October 18, 2010 at 10:39 am

There are many way to make money blogging but I think it is far more important to focus on good quality content and building credibility and trust with your audience before you start adding banners and affiliate promotions.
D Baker@Keyword Winner´s last [type] ..Keyword Winner Review

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satrap from Ways to make money online November 14, 2010 at 6:29 am

Those are all good ways to make money with your blog. However, I would suggest being careful when using Text Link ads. So many people go over do it by having text link ads all over the post, That can easily turn off your visitors. Moderation is the key with text link ads. Thanks.
satrap @Ways to make money online´s last [type] ..an Easy Way to Earn Money Online Without Investment

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ReAnalysie-Till you succeed June 14, 2011 at 4:36 pm

Hi Oni..
These are really great source of making money. no doubt but the option 1, 2,4,5 are for those blogger who have at least spend substantial amount of time in blogging and are known face in blogging. Correct me if I am wrong. Step is ok .. no doubt. You can add PPC for those new ones revenue.

Reply

ReAnalysie-Till you succeed June 14, 2011 at 4:37 pm

Hi Oni..
These are really great source of making money. no doubt but the option 1, 2,4,5 are for those blogger who have at least spend substantial amount of time in blogging and are known face in blogging. Correct me if I am wrong. Step3 is ok .. no doubt. You can add PPC for those new ones revenue.

Reply

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