Ever wonder how much money you could potentially earn online? Thanks to the digital nomad lifestyle, we spoke with several internet marketers who shared their secrets to success and how much money they actually make each month. Consider this your definitive guide to creating a profitable blog or starting an online store!
The Average Blogger Makes $16.67/Day
Blogs are a great place to build a profitable business because you can always monetize them. According to data from Statista, over 20 million American adults between 18-29 use blogs, with almost 40% using them regularly. If you’re looking to get into the lucrative world of online marketing, you could always start a blog in niche areas like fitness, food, or lifestyle and monetize it with affiliate marketing. In fact, that’s probably the simplest and most direct route to online marketing riches.
Starting A Blog Is More Than Just Writing Stuff
While most people think of blogs when they hear the word “internet,” the truth is that they can exist beyond the digital world. For instance, you could start a blog in a city in your state, then use a tool like Blogger’s “Nearby” feature to monetize it. Doing this can help you avoid the middleman and improve your income. If your town doesn’t have its own blog, you could always use Blogger’s platform to start one. You can also use your blog to build a following, then use that audience to attract sponsorships and make money online.
There’s More Than One Way To Make Money Blogging
If you’re new to the world of blogging, it’s worth learning how to make money from several sources. For instance, you could use your blog to promote products that are relevant to your niche and make money from product sales, affiliate marketing, or sponsorships. The choice is up to you.
Affiliate Marketing Is The Most Popular Way To Monetize A Blog
According to research, 46% of blogs aren’t actively looking for advertising dollars, but rather content creators want to make money through affiliate marketing. To create an affiliate marketing page for your blog, you’ll need to join an affiliate network like Commission Junction or LinkShare and set up a sales funnel with a few compelling products you think your audience will love. When someone clicks on an affiliate link and makes a purchase, you’ll earn a commission.
The Downsides Of Affiliate Marketing
While affiliate marketing can be a quick and effective way to make money from a blog, you have to admit that there are some drawbacks. First, you won’t be able to increase your income quickly by choosing this option. You’ll have to build up a portfolio of products you can promote and learn to love commission shopping. Second, you’ll need to learn how to automate the process of attracting potential customers and closing sales. Otherwise, you’ll be doing all the selling yourself which can be physically draining. Third, you’ll need to keep track of your affiliate sales so you can later report on your earnings to your tax advisor.
What About Other Forms Of Monetization?
If none of the above choices seem lucrative enough, you could always use your blog to host and sell your own products. You’ll need a website and you’ll have to learn a little about online stores, but you could make enough money to cover your operating costs. However, this is a much more complicated option and you’ll have to learn to love dealing with customers and shipping merchandise. If you don’t want to become a full-time online marketer, this option might not be for you.
Creating a profitable blog is about more than just running ads and hoping for the best. It takes some serious research, planning, and the willingness to try new things. You have to find a way to monetize your blog, and while there are many convenient and easy ways to make money online, you have to be willing to put in the work to find them.