“Bloggers have only three reasons to blog: make money from your blog; communicate for passion, or both.” Pratik Dholakiya— Co-Founder & VP of Marketing of an internet marketing company, E2M Solutions.
As journalists, we need to think of ourselves as entrepreneurs in the wake of massive layoffs within media. So how do you develop streams of revenue? Monetize your blog.
The Basics
First, you need strong content on your blog to draw and keep an audience. Pratik Dholakiya says “invest in a hosting account, setup the blog properly, and start generating quality, niche-dominating content.” He says you won’t make money until you get the basics right. “Once you get your blog to attract tons of traffic, reader engagement, and allow readers to see a perceived value in your offering, it’s easy enough to monetize.”
Tools
Check out these websites to place ads on your blog: Google Adsense, Chitika, Bidvertiser, Clicksor, and BuySellAds.com. You may need to test where to place them on your page. For example, will they more effective in “your blog sidebar or after every post? Will they work better when they are colored and formatted matching the look of the rest of your blog or leave them as is?”
Dholakiya adds:
- Do you stand to make the most of click conversions when ads show up repeatedly within your content or when they are left prominently as “sponsors” or “advertisements” somewhere away from the content?
- No two sites are alike and only A/B Testing can help you answer these questions, Adpushup lets you A/B Test your Ads to optimize ad revenues.
- Leave a few blocks of ad space open for advertising opportunities for merchants who’d specifically request you (or you’d hustle and request them) to advertise on your blog.
Offer Your Services
Speaking of advertising, your blog is a perfect place to offer your services as a consultant, speaker or writer for a fee. You can offer your expert advice, invite readers to see you in person for seminars or workshops, or ask companies to hire you to write for them. You could also do radio or television interviews.
Photos
Did you know you could get paid for the photos you post on your blog? Shareapic.net is a hosting service for your pictures. It allows you to get paid for the number of views they get. You can publish them on your blog and get paid every time someone reads a post with one of your Shareapic.net photos on it.
Merchandising
If you have a large following, maybe your readers would like to show their support by buying your merchandise. CafePress.com makes it easy for you to put your blog’s logo on shirts, bags, coasters and other items. Printfection.com and GoodStorm.com offer similar services. You could also compile your work into a book. Self-publish your work with services like Lulu. No major book deal needed. Sell it on your blog.
Just plain beg
Ask for donations. PayPal’s system allows you to place a donation button on your blog. The Amazon Honor System allows you to accept online donations. Or, provide readers with a P.O. box that they can mail donations to.
These are just a few ideas. You can find more at: 101 Ways to Monetize Your Blog Without Irritating Your Readers.
I know it’s a lot of information and it won’t happen overnight, but I’d like for journalists to feel empowered.