How To Make Money Blogging
10 Lessons You Need to Learn to Be Successful Making Money with Your Blog
But, first here are Five steps to make money from your blog that you may have heard before:
- Set up your blog
- Write content that gets lots of traffic
- Convert visitors into email subscribers
- Send those subscribers content that builds trust
- Sell products or services your audience wants
The process is simple on the surface, but each step is enormously complicated and requires extraordinary skill.
The moment you decide to use your blog to make money, you’re no longer just a blogger.
At that moment, you also become an entrepreneur, and your blog becomes a small business.
So, think of your blog as a lead generation mechanism that nurtures your readers (your leads) until they are ready to purchase.
Here are 10 lessons I learned from Smart Blogger on how to make money with your blog successfully:
Lesson #1: Don’t Sell Advertising (or Use Google AdSense)
If you have an engaged audience that trusts you, selling ads is never a smart move. And that includes all the variations like Google AdSense, sponsorships, and advertising networks.
None of it will make nearly as much money as promoting your own products or earning commissions from promoting someone else’s.
Lesson #2: Start with Affiliate Marketing (or Services)
Why is Affiliate Marketing the smartest strategy?
Because it’s not only faster….
In fact, the income from affiliate marketing is almost entirely passive.
And it can guide future product creation.
Lesson #3: Build the Funnel in Reverse
A lot of bloggers launch a cheap e-book as their first product, and then they get frustrated when they don’t make much money.
Build a sales funnel in reverse, starting with higher prices.
Here’s why: the real profit is at the end of the funnel, not the beginning, as it is much more profitable this way.
Lesson #4: There’s No Such Thing As a “Cheap” Market
Most people are afraid to charge more than $200 for a class, believing that’s all people can afford, but it’s just not true.
Every market has customers who are and willing to pay for a premium experience.
Give them one.
Just be aware… higher prices demand bigger promises.
Lesson #5: The Price Depends on the Promise
If you want to charge high prices, you absolutely can, but you must make big promises.
Similarly, if you want to charge low prices, you can, but you must make small promises.
In either case, though, the value of the promise should be at least 10X the price.
You should only make promises you can actually fulfill.
Anything less is unethical.
This is what marketing is really about: getting people to trust you when you say you can help them.
The better you are at it, the more money you’ll make.
Lesson #6: Webinars Kick Butt
Webinars are more profitable than any other strategy
Because you can reach more people in less amount of time.
And make way more money 🙂
Lesson #7: Automated Funnels Are Even Better
Use automated funnels to make more money.
Through the magic of technology, you can have sales happening every minute of every day.
The computer is following rules you set up in advance, and it’s following them 24 hours a day, seven days a week, 365 days a year.
Lesson #8: Your Email List Is More Important Than Anything Else
The more subscribers you get, the more money you make. Granted, your relationship with your subscribers and the quality of your products or services and dozens of other factors still matter, but to drive revenue, focus on email list growth.
To make money blogging, it’s absolutely essential.
Lesson #9: Start Selling from Day One
Start selling from day one.
If you’re not making any money from your blog, it’s hard to stay motivated to continue.
When you have money being deposited into your account every day, it’s a whole lot easier to keep yourself motivated, right?
It will also give you the funds you need to build a team around you. You can hire an assistant, a tech person, a billing person.
The faster you get rid of stuff you suck at doing, the faster you will grow.
So make sure you are offering something your audience wants and needs.
Don’t push them on it, but do make it available, and do remind them from time to time that they can purchase it.
Lesson #10: Share What You Learned
If people are ever going to respect blogging as a legitimate business model, those of us who are successful have to speak up and share what we’ve learned.
After all, isn’t that what we’re here to do?
Think about why you love blogging and how you feel about how you inspire and inform with every article you publish, every course you create, and every coaching call you do,
Because in the end, it could just change somebody’s life and make their lives just a little bit better.
Would love to hear your thoughts in the comments below 🙂
If you enjoyed this post and found TONS OF VALUE, please take a moment and share…Thank you 🙂
Sharing IS Caring!
To Your Success,
P.S. – Find out how much money your blog could be making – and how quickly you could grow your email list – with Smart Blogger’s free Blog Profit Calculator.