If you want to make money from your blog, you instantly know a few ideas that have been tried and tested. We’re talking about adding adverts to your site, writing sponsored content, and dabbling in affiliate marketing. Every blogger and wannabe blogger knows these three methods of monetization.
However, are you aware of any other ways of making money from your blog? The more monetization methods you can use, the more money you’re able to make. Here are three unique, and relatively unknown, ways to monetize your blog:
Create restricted content
More and more bloggers are doing this as a way of getting more money from their blogs. Restricted content isn’t as naughty as it sounds, it just means you put some of your content behind a paywall. In essence, if people want to read it, they need to subscribe to the premium version of your blog. You still produce some free content, but the premium stuff is more frequent, of higher quality, and more unique. For instance, you can start uploading podcasts or videos, providing guest posts from other bloggers, etc. If you have loyal followers, a lot of them will be willing to pay for restricted content as a way of supporting you and your great content.
Sell server space
You know when you set up your site and paid for web hosting? Were you aware that there’s a tactic called reseller hosting that can help you earn some money on the side? Effectively, you pay for your hosting service and then use your allocated server storage and bandwidth to host other websites on the same server. Other bloggers and website owners pay you to host their server, and you get monthly payments that can help you make a profit on your overall server costs. It’s kind of like renting a house, then renting out the rooms to other people. Before you ask, yes this is 100% legal and there are genuinely reseller hosting packages available from most web hosting providers.
Make and sell your own products
Don’t assume that you can only make money from creating content. The savviest bloggers are the ones that create products that exist outside of their blog. From here, they sell them via their blog, making some extra cash. The great thing is, the products can cost very little to make. Things like eBooks or online courses are excellent ideas as you can make them yourself and sell them for a decent amount of money. Hosting webinars also falls into this category; you want to make or do something that exists alongside the blog and is relevant to the blog, but can be sold separately. Your audience may purchase these products, but they can also be found and bought by people that have never even seen your blog before. From here, you can actually use the products as a way of drawing in new readers, maximizing the money you make from other methods.
These three ideas can take your blog to new heights by delivering extra ways of making money. Continue with the traditional ideas of advertising, sponsorships, and affiliate marketing, but sprinkle these new concepts in there as well!
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