How To Make Money With A Blog

I once wrote elsewhere, “What is a blog? A web log, which is usually shortened as blog, is a type of website in which entries are made much as in a journal or diary and displayed in chronological order. But that’s just the technical mumbo-jumbo. A blog can be anything you want it to be. Your diary, your magazine, your newspaper, your photo album, whatever.”

Three years later, the definition of a blog hasn’t changed much. Enough with definitions, though – I’m sure many people don’t know (or don’t care) what a blog is. The more important question is, how do you make money from a blog? There are lots of ways to do it, and I shall talk about a few today.

Traffic
Before you even think of earning from your blog, you have to think of how you will attract visitors to your blog. If no one ever reads/views your blog, then you can be certain that you will not make even a single shilling from it. Got it? Good. On the internet, traffic is key.

Please have a look at this: How to build a successful website.

So, how do you make the chapaa?
I shall assume that you have somehow managed to build a successful blog, and that a reasonable number of people visit it everyday. Also, I shall assume that your blog is filled with content (words, videos, pictures, etc) that people find interesting or useful.

Here’s how you make money from such a blog:

Advertising – The obvious way to earn from a blog is by selling advertising space. Look at it this way, you have a good number of readers who visit you everyday – advertisers will be interested in pay to reach those visitors.

There are two ways to earn from advertising:
1. Self served Ads – basically, ou approach a company and tell them that they can advertise on your blog. If they agree, well, you get paid.

2. Advertisement networks – if you don’t want to go through the trouble of approach companies directly to advertise with you, you can join an advertising network where they approach the companies themselves and all you do is display the adverts and earn. This is a very popular way of making money online and thousands of websites (including blogs) survive and thrive on this model. Normally, you are paid a few cents (US $) when someone clicks on an advert. If you have many visitors then you can earn millions.

RSS Advertising – all blogs have an RSS feature. (What is RSS?). The idea is basically the same as above – place adverts in your RSS feed. Feedburner is a popular RSS advertising service.

Sponsorship – You know how Project Fame is sponsored by Tusker? The same thing could happen on your blog and is already happening at a lot of other blogs.

Consulting and Speaking – So you’ve built a really successful blog and it is widely read. This means people will start viewing you as an authority in the topic in which you write about. For example, if you write extensively on relationship advice, you may one day get the opportunity to be a paid get speaker at some event somewhere. Another example: even though Like Chapaa is young, we’re getting offers to act as consultants guiding new internet business owners. The returns are gooood.

Merchandising – In my own opinion, this one is tricky to pull off but it is possible. Suppose that you built such a wildly successful and popular blog named “Example Blog”. Maybe some people would buy and proudly wear Tshirts and other merchandise bearing your blog’s name and logo. Cafepress is powering an increasing number of bloggers to earn in this way.

Digital Assets – Increasing numbers of bloggers have been developing other digital assets to support and add revenue streams to their blogs. By this I mean that I’m increasingly seeing e-books, e-courses and e-seminars being run by bloggers.

Affiliate Programs – basically, this is using your blog to sell other people’s goods and services for a commission. It is one of the most popular ways of earning on any website (not just blogs). Where do you find these goods and services that you can sell at a commission? try: Clickbank, or CJ.

Blog Network Opportunities – Blog Networks are groups of blogs which work together to attract visitors and earn incomes. Blog networks these days are high profile and popular. Joinging such a network could be lucrative. It may not be easy, though. Why should you join a blog network?

Business Blog Opportunities – many companies (internationally, not sure about Kenya) are now starting blogs. (Because blogs are too important to ignore). Some companies use their existing staff to write their blogs. But an increasing number are hiring specialist bloggers to run their blogs for them.

Writing Opportunities – When you have a popular blog, people notice you. They know how good you are at writing on the subject matter of your blog. It is therefore not uncommon for bloggers to get jobs or freelance gigs at magazines and newspapers. (For example: I’ve been approached several times to have things I write on Like Chapaa printed elsewhere).

Flipping Blogs – Build a big beautiful blog and sell it for huge profits. This actually happened with NBB.

Donations – put out the tip jar and ask your readers to support you. It’s a simple concept 😛 Kottke.org is the only example I could find of a blog doing this well.

I realise that just mentioning the above is not good enough. I shall therefore follow up with case studies of each or most of the above methods being successfully used. Stay tuned! Subscribe to my RSS feed (free) or sign up for free email updates so that you don’t miss a thing!