So you have already established your niche blog and now you're looking at ways to start monetizing it. Today I’m going to share some tips to help you make a decent amount of money from your first niche blog. These tips should also be handy for those blog owners who are finding it hard to make any real money from blogging.
If you follow Google search trends you must have noticed niche specific blogs seems to be getting more traffic and generating more business than blogs that cover more general topics.
And if you are still waiting to start your first niche blog, you need to take the following actions immediately:
- Choose a niche for your blog
- Buy web hosting (we use HostGator) and good domain name for your blog
- Select the blogging platform for your first niche blog
- Set up branded social media accounts to help market your blog
- Start writing original and engaging content around your chosen niche
How to Start Making Money from a Niche Blog
Now get back to the topic for the day and let’s discuss some tips to help you make a good amount of money from your niche blog:
Apply for Google Adsense
Google Adsense seems to the obvious choice whether you want to monetize your general web site or niche specific blog. You could make good amount of money for every click especially on a niche specific blog. No doubt you could try several money making programs on your blog, but I recommend testing Google Adsense as just one of the methods you should implement on your blog. I previously blogged about some Google Adsense Alternatives you should check to find a few solid money making alternatives for Google Adsense.
Once you get approved for your AdSense account, use this tutorial to see How to add AdSense to your Blog Posts.
Sell Niche Specific Products
My second recommendation is to sell products that match your blog's niche and the kind of content you write about. The best situation for you would be to create one or two products of your own around the chosen niche. This strategy can provide a huge money making opportunity (click here to see how well known blogger Enstine Muki did this). But if you want a simpler method to earn money from your blog, you should start promoting other people's products through affiliate marketing.
You should only choose products that are matching your blog niche and you are recommending them to your blog readers because they are very high quality products and will be helping in fixing lots of your reader’s problems. Your only intention behind promoting a product should not be just about getting maximum profit. I have seen some affiliate marketers are able to make a good income just by referring good affiliate products with their target audiences.
Some websites you could actually try to find targeted affiliate products for your niche blogs are Amazon, ClickBank (here's a good tutorial on the topic), Link Share and Commission Junction.
If you have a YouTube channel, sign up for Famebit to get connected with sponsors that will pay for video reviews and mentions. Famebit also let's you connect Instagram, Twitter and other social platforms. Find out more about your potential earnings using a site called Social Blue Book.
Rent Ad Space On Your Blog
As you are producing very high quality content around a particular niche and have already established it as one of best blogs in targeted niche, so there will be lots of advertisers in that niche who would be interested in getting a presence for their product on your blog. They may be interested in placing a banner or text advertisement on your blog in exchange for some monthly fee.
You should set up an advertising page on your blog mentioning all advertising options on your blog. Be sure to include some social proof like Klout scores and Alexa rank. You can also sell banner space on your blog using third party networks like BuySellAds.
Apart from that, there will be some advertisers who want you to review their product based website on your niche blog in exchange for some monetory benefits. Writing reviews about products that are matching your blog niche is going to be very beneficial for you. In this case, you are going to update your blog with a fresh and targeted content and at the same time, going to get paid for your blogging efforts. In long run, you could expect receiving lots of targeted traffic to such posts from search engines.
Sell Your Expertise
So by now, you must have established yourself as an expert in your niche. Now it’s time to use your expertise to make more money. No doubt, you can use your expertise to create more niche blogs and thus end up with more profits. But at the same time, you can make a good amount of money by helping other bloggers and website owners in your niche to set up their blogs. If you have established yourself as a blogging Guru and know how to make huge profits, no doubt you can help other guys as well repeat the same kind of success with their blogs.
With this intention, there will be some people who will be interested in receiving your one on one coaching or training to get answers for their specific questions.
If you ask me personally, I have so far made good earnings from Google Adsense, selling other people’s products and selling ad space on my niche specific blogs. So far I have not created a product of my own. These days, I’m trying to sell my expertise in the blogging niche in the form of guest blogging services and WordPress installation services as a good way of making money.