Are you looking for the best ways to monetize a blog in 2020? Then you have come to the right page.
If you haven’t started your blog yet, Follow this step by step guide to start a blog.
There are so many ways to earn money from blogging. In this article, I have listed some of the most profitable methods to earn money from a blog.
A few years ago blogging was just a hobby. Today in 2020, a lot has changed. Now, Blogging has become an online profession and business.
It’s a profitable profession that allows you to earn money from anywhere in the world. That’s why at large scale people come to this profession.
What are the best ways to make money blogging?
There are various ways to monetize a blog in 2020. It depends on your niche and level of blogging. You can pick one of these methods from the given below.
1. Advertising
There are so many networks but I highly recommend Google AdSense and Media.Net both are the high paying ad networks.
You will need a blog with some high quality published posts to get the approval of these ad networks.
I recently noticed Google AdSense has strict policies toward approving new sites who are applying for Google AdSense.
But, don’t worry you need a professionally designed blog to get the approval. Most newbie bloggers used this method to monetize a blog.
If you are going to pick this method for your blog, then keep one thing in your mind, you will need lots of traffic on your blog to earn a handsome income every month.
I recommend you to find low competitive and high volume keywords in your niche and then write helpful content on those keywords to get more visitors organic.
2: Affiliate Marketing
Affiliate Marketing is one of the best ways to make money from a blog. You will don’t need lots of traffic to earn money from this. A single affiliate sale makes you a lot more money as compared to a single click on an ad.
Affiliate marketing is one of the profitable ways to make money from a blog, most bloggers earning 80% of blog income come from affiliate marketing.
If you don’t know what affiliate marketing is? Then, it is a way to promote someone else’s product on your blog to earn a commission. If your blog readers purchase the product through your referral link, you will get paid.
You can earn thousands of dollars from affiliate marketing. There are so many bloggers I know who earn in 5 figures every month just from affiliate marketing.
Here are some of the popular affiliate programs. where you will get affiliate products for almost every niche.
• Amazon Association
• Shares sale
• CJ
• ImpactRedius
• JVZoo
You need to join this affiliate marketplace and then find products that come in your niche.
Next, you have to create helpful content around these products and also add your unique affiliate link within the article. When someone makes a purchase from your link, you will earn. Check out, affiliate to find more affiliate marketing strategies guides.
3: Sponsorship
Articles Do you know bloggers can make money by reviewing other products on their blog?
There so many companies pay bloggers to publish content about their product on blogs?
Before, getting some good sponsorship articles. Your blog has to become an authority blog in a particular niche.
Sponsorship payout is higher than the affiliate commission. It can be between $100 to $1,500 depending on how authoritative a blog you have.
Before accepting any sponsorship proposal, make sure the product or service will be useful for your blog audience.
You should also charge a reasonable price that would be beneficial for both parties. If there’s any affiliate program for the product, sign-up and place your affiliate link within the article to earn a product affiliate program too.
4: Sell Own Courses & Ebooks
Can you create text ebooks and video courses? If your answer is yes, then you can earn money by selling courses and ebooks on your blog.
If you notice, top bloggers monetized their blog by selling courses and ebooks.
You can also do the same, all you need to do is create an ebook or course which one you like to prefer.
Then, sell it through your blog. Earning depends on how you market and sell your product.
You can also create an affiliate program of your product, so other people promote your course for a small commission.
There are some benefits to selling courses and ebooks.
1: You can hike the process of your course or ebook at any time.
2: You will not need to wait for payout dates like in affiliate marketing.
3: When you sell one product that gives you pop to earn unlimited.
4: You will don’t have to give any earning share to anyone.
Believe me, you can make thousands of dollars from selling courses and ebooks on your blog. You only need some loyal audience who love to consume your paid content.
5: Start A Membership Site
A membership site is where users pay to get more valuable content and communicate with like-minded people.
If you think your free content is awesome and your loyal audience likes to invest in your paid content then definitely you should start a membership site.
Membership site owners can charge a one time amount or monthly based subscription plan.
Here are 3 main benefits of having a membership site.
1: Leverage: Membership sites motivate you to create more quality content, so you can sell them to thousands of people at a time by charging a little membership subscription.
You only have to write and publish the content and other things work automatically. People enroll in your membership site while sleeping or enjoying the weekend.
2: Tribe: People love to hang out with people who have common interests and hobbies. That’s why people invest in paid membership sites to communicate and build a strong network.
3: Value: Do you know people give less value free stuff overpaid ones?
When you build a paid membership site your content gets more valuable in the view of your audience.
6: Selling Product or Service
Yes, you can earn money by selling your own product and service. This is the best way to make money from a blog without relying on other monetized methods like Advertising, Affiliate Marketing, and Sponsorship.
If you have any tool, software and any physical product then you can monetize a blog with it.
For selling products you need to set up an automated sales funnel page where people can check out products and services.
If you are good at something, have a team of talented people then you can make money by offering services.
Let’s take my example: I’m good at Blogging, SEO Optimisation, Website Development and Content Marketing. So I can offer these services on my blog to get clients.
7: Consulting
If you think you are good enough to consult people on a particular topic then definitely monetize your blog with consulting service.
It gives you an opportunity to earn more out of your blog.
For example: Let’s say you are running a health and fitness blog. So you can offer consulting service through your blog. If someone hires your service then you charge an amount depending on conversation duration and topic.
There are so many bloggers and marketers doing consulting and charging up to $300 for an hour consulting a video call or personal meet.
People always get tips and suggestions from experts before doing anything. That’s why the consulting business is booming.
Final Thoughts
Well, there are too many ways to monetize a blog in 2020. If you are just starting a blog, then you can try above-given ways to make money from a blog.
I suggest you focus only 1 or 2 ways in the beginning, later you can try more methods.
I personally do affiliate marketing, advertising and selling services on my blog.
Although, affiliate marketing is my favorite way to make money from blogging. Most of my income comes from affiliate conversions.
If you haven’t started a blog yet, read my blog post on how to start a blog.
If you have any questions and suggestions let me know in the comments below.
Kundan Sharma
My name is Kundan Sharma, I’m a Professional Blogger, Affiliate Marketer and an Online Entrepreneur. Here, I blog about Blogging, SEO and help people to make passive income online.