Building a 6 figure income generating blog is not rocket science. You basically need two things;
- Building your blog audience
- Monetizing your audience
That being said, if you are looking for a detailed layout and blueprint of how to launch blog that generates $10k or more every single month, here are 5 PROVEN steps for you.
1. Create a solid monetization strategy
First things first. You need a blueprint. You need a monetization strategy. You need to know how to make money from your blog before you even launch it.
Do you already know how are you going to monetize your site? Are you going to use affiliate marketing? Or do you want to sell online courses? By creating a monetization strategy in advance, you can easily follow a framework which helps you actually generate profits from your blog.
That being said, there are multiple income sources you can consider to create a monetization strategy and we’re going to discuss briefly about 3 of them now.
1. Making Money Through Affiliate Products
Majority of the income which is generated by our blog Bloggers Passion comes from selling affiliate products. So our monetization strategy mostly revolves around selling affiliate products.
That’s why we heavily rely on SEO and organic traffic as it converts really better when compared to other traffic channels like social media or referrals. If you’re looking for a passive income source to make money even while you sleep, affiliate marketing works great.
Basically affiliate marketing is all about selling others products for commission where you’ll get paid whenever you make a successful affiliate sales which is generated through your affiliate referral links.
Affiliate marketing is growing rapidly and users clicked more than 5 billion times and the affiliate marketing networks carried out more than 170 million transactions worldwide.
Affiliate marketing spend in the US is estimated to grow by a compound annual growth rate (CAGR) of 10 percent between 2015 and 2020, to reach a projected $6.8 billion. eMarketer estimates affiliate marketing represents 7.5 percent of total digital marketing spend among retailers, $15.81 billion.
Here’s the affiliate marketing spending forecast.
If you’re looking to create a monetization strategy using affiliate marketing, you should create contents which educate your audience (and you should also target commercial keywords).
Here are few content types which work well with this model;
- Case studies
- Affiliate marketing product reviews
- Comparison posts
- Discounts and promo codes
2. Making Money by Selling Your own Products
There’s also another fantastic monetization strategy you can
This article was written by Anil Agarwal and originally published on BloggersPassion: Learn SEO Blogging with An Expert.