Money Making Channels
There are numerous ways to make money blogging such as ads, affiliate programs, ecommerce, selling services, consultancy and offering coaching and mentoring services.
Choose a Specific Niche
If you want to build a money making blog, you must choose something specific to blog about. For example, if your business sells sports goods, see that most of the posts are related to these equipment. You can also include posts about health and fitness because they are related topics. Keep all posts as close to the main theme as possible.
How Does This Help?
A large percentage of traffic consists of target customers. As your blog reaches a stage where it attracts advertisers, you receive more ads if your blog is specific to a niche. Other brands selling sports goods or health and nutrition products are more likely to advertise on your blog if they are convinced that you receive a large percentage of target audience.
Money Should Not Be Your Main Criteria
Although this sounds like an antithesis, it is important that you focus more on creating quality content rather than on revenues.
Why Is This Important?
You need to understand that it takes months before your blog can make money for you through advertisements or any other means. Even then, it only happens if you have a decent daily traffic rate. For this, you should engage visitors and ensure that they come back to read more.
When you have good content on your blog, the page rank improves steadily, visibility increases, you get high quality inbound links and in the process, your blog goes higher up on search engine ranking pages. You build a strong line of regular readers who can cement your long term success. When this happens, advertisements flow in automatically.
So, essentially, content should trigger revenue.
Analyse and Improve
Always keep tabs on how your blog performs. Check number of visitors, bounce rate and consistency of your blog. Identify loopholes and correct them so that you have steadily increasing traffic. The more people your blog attracts, better will be your prospects of making monetizing the blog.
Finally, you must establish your presence. Volunteer for guest blogging, enter forum discussions, share expert comments on other blogs and build links. If you do it right, your blog can be a steady source of income within a year.