This post contains affiliate links. Read full disclosure for more info.
This is my first blog. Coming into the blogging world, I never expected to grow my income so quickly. I educated myself a ton before diving in and it definitely paid off. Before this I owned multiple businesses. A wedding rental boutique, an online boutique, an etsy shop... in fact, I still sell on etsy and in an online shop.
I didn't want to stop at online selling. I believed that I could find a way to bring in multiple streams of income online. I educated myself like crazy. I did constant research and invested thousands in online courses.
If you own an online business and you aren't blogging, you should be.
If you think it's impossible to make money from a blog, you're wrong.
I'm doing it. My blog makes $5,000+ per month in passive income from affiliate marketing.
The key to successful blog?
Create content. Create valuable content. And never stop creating valuable content. I have several free downloads available on my site. I offer free online courses. I write informational blog posts and tutorials that are valuable to my audience. It's important to give value to your audience so they come back to your blog, share your content, and subscribe to your email list.
Where does the money come from?
My business has multiple income streams. I make money from affiliate income, digital products/courses and physical products.
How to monetize your blog
By month 6 of my business I had grown my affiliate income to about $3k/mo and it has continued to be consistent. Affiliate marketing continues to make up for the majority of my monthly income.
Affiliate marketing is when you promote products and services on your website (adsense, etc). When someone clicks your affiliate link or ad and makes a purchase through that unique link, you make a commission of the sale. Promotion may be done through relevant banners/ads or in a blog post about the product/service. The key to affiliate marketing success is promoting relevant affiliates.
Digital downloads such as ebooks, printables, fonts, and stock photos are a great way to add an income stream to your business. The best thing about digital products is once it's created you continue to make money from it. This passive income model is a time saver. With the right systems in place, you can make digital sales on autopilot while away from your computer.
If you own an online shop, I suggest connecting it with your blog. Use your blog to drive traffic to your store or feature your products directly on your blog with a buy it now button. Starting an online boutique or dropshipping business are both great ways to make an income online.
The online education industry is blowing up. The online learning industry brought in $107 billion in 2015. It has continued to increase and is projected to triple within the next decade.
You can create your own online course. You have something to teach. You have a skill others wish they had. Creating your own online course is arguably the most successful way to monetize your blog. I use Teachable for creating online courses and highly recommend it.
How I quickly grew my blog income
Monetizing your blog is only one step of turning your blog into a business.
You also need people to read your blog. You need to grow your blog traffic and you have to continue giving your audience valuable content.
Growing your traffic
It's not just about getting traffic. It's about getting the right traffic. You have to attract your audience. The majority of my traffic comes from Pinterest. Pinterest has done amazing things for my business and I now get 30,000+ impressions on Pinterest each day!
Building your audience
Once someone stumbles onto your website, you need to keep them. Building an email list gives you a way to stay in contact with your people. Offering freebies in exchange for an email address is a great way to build your list of targeted subscribers. Your email subscriber will be your biggest fans and supporters. I use Converkit for email marketing and highly recommend it.