9 Guaranteed Ways To Make Money Blogging
Too many people are reluctant to start a blog because they have little to no clue on how to make money blogging. They read about millionaire bloggers like Nigeria’s Linda Ikeji, America’s Neil Patel, and a whole lot more, and since they have little information on how they generate revenues, they’d rather sit back and admire them, when some could also potentially be a part of the blogosphere.
There are many ways to make money blogging. In Nigeria, the most popular method used is advertising income. This method was widely popularized by the largest gossip blog in the country, Linda Ikeji, because of her success rate and the financial results the revenue stream has brought her.
As for the other methods, they’re not yet popular in the country, as bloggers implementing them are slowly turning out to reap its results or are hiding their revenue numbers from the public.
If you’re in Nigeria, Kenya, Ghana, South Africa, anywhere in Africa, or somewhere across the world, here are 9 powerful ways to make money blogging that you should be using:
1). Advertising Income:
This is the most popular method to make money blogging in Nigeria or anywhere else around the world. The drawback of this method is your revenues are largely dependent on the volume of your traffic.
Depending on if you’re using private ad placements or ad networks like Google Adsense, your traffic would determine its value.
Linda Ikeji can charge millions of Naira because she has over 1 million page views daily. Her Google Adsense revenue is presumed to also be in thousands of dollars monthly, because of her site’s traffic also.
For a much smaller site, generating income from advertisement may not be as lucrative, and as such, they must include other methods of monetization.
2). Affiliate Income:
This is perhaps the most profitable way to make money blogging if you have the right audience, have gained their trust, and can motivate them to take action.
Affiliate marketing is a form of performance-based marketing where an affiliate marketer is paid a certain commission for every lead generated through their affiliate links.
For instance, Ipages could pay as high as $100 per every successful conversion you refer. If you get 1,000 signups in a month through your links, that could result to about $100,000 in affiliate income earned monthly.
The beauty of affiliate marketing is you don’t need too many page views to generate income. You just need a loyal number of users, even at 5,000 to 10,000 page views a day.
If your readers believe in your recommendations and trust your blog, they’d convert a whole lot more, possibly making you more money than a blogger who relies solely on advertising income.
Many blogs like Nigeria’s TechCabal and America’s TheNextWeb, amongst several others, make money from organizing events. Depending on the success rate of their previous events or not, they could either make money through sponsorships, as is widely done in Nigeria, or through charging people to attend, as is widely done abroad.
4). Membership Programs:
Membership programs are getting increasingly popular worldwide. Usually, a blog could start a mastermind group, where it releases exclusive secrets and information on hot industry-specific opportunities or money-making methods to its members. This way, the members have first-hand information and maximize their business revenues in the process.
Joining these mastermind groups usually comes at a cost. It could be $100 a month—more or less—and the larger the number of people who subscribe to these membership programs, the higher the monthly revenue the blogger will generate.
So if you have 1,000 people paying a membership fee of $50 monthly for exclusive first-hand information and money-making techniques the public should have no access to for free, you could easily net $50,000 monthly.
5). Promoting A Business:
Many businesses start blogs to promote their services. This is a large part of content marketing, and is highly effective, as startups who have little to no money to advertise their products can use this strategy.
Asides businesses, many blogs also start up companies in the process and use their platforms to promote the business.
Depending on the value of each service paid for and the frequency per month, a blog promoting services could make a lot more money than a blog generating income from just advertisements.
6). Selling Products:
Another way to make money blogging is to sell products. These could be eBooks, fashion items, online courses, or any item you know would solve your readers’ problems. You could do these through writing product-specific review posts and further highlighting how your products are going to easily solve their problems.
7). Sponsored Posts:
This is another popular way bloggers make money in Nigeria and everywhere else around the world. You could charge anywhere from $50 to $1,000 for a sponsored post on your blog, and depending on how many posts you put up per week or per day, your revenues could be extremely high, moderate, or low.
This is a lucrative way Linda Ikeji also generates a lot of her revenues.
8). Public Speaking:
Blogging will cast you as an expert, and in doing so, you’ll be invited to speak at a lot of events, whether you accept to be present or not.
for every event you attend, the response of the attendees and the event’s success will determine how much you’ll be paid at your next event.
9). Link Building:
People will constantly reach out to you to include links in your article to a particular resource online. You could accept these by charging anywhere from $30 to $1,000 for a link inclusion, depending on your traffic and page rank on Google.
To Sum It Up
Blogging can be an amazing to make money online in Nigeria, Africa, or anywhere else around the world, especially if you monetize it right. Whether you think your blog has very little or a whole lot of traffic, there’s a monetization method that can help you generate lot of monthly income online.
If you’re thinking of how to make money blogging in Nigeria, Africa, or anywhere else around the world, these 9 methods will get you started.
What are your thoughts on how to make money blogging in Nigeria, Africa, or around the world? Let me know by leaving a comment below.