Most Common Misunderstandings About Blog Monetization
If you ever wanted to start monetizing your blog you probably first researched a lot and found all sorts of things. It’s also most likely that you’ve been improperly informed as there are a couple of myths regarding blog monetization. It’s best to know all about it in order to successfully monetize your blog.
It Takes A Lot Of Time And Money To Create A Product Line Or Service
This is probably one of the most common things to hear/read about when it comes to blog monetization. I know that creating a product or coming up with a service to sell seems overwhelming and like a huge amount of work. But at the end of the day, it’s always worth it. It doesn’t take a ridiculously long time for it to be accomplished but patience is required.
The Only Way Of Making Money Is Through Display Advertising
Selling display ad space on your site was often all you needed to do in order to make some decent cash. Bloggers could just throw the ads up there, focus solely on content, and call it a day. Unfortunately, nowadays though, display advertising doesn’t pay much. The only way you’ll get paid a lot of money is if you have an insane amount of traffic.
You need to get into affiliate marketing that is done in a way that is actually going to convert into sales. If you want to work with brands, you need to know how to successfully successfully get them and charge a fair fee. You need to think outside the box and come up with a strategy to develop a product or service that you can sell through your blog.
You Can Only Make Money As A Blogger If You Have Huge Traffic
Obviously having a higher readership is going to be good for your revenue streams as a blogger. It really isn’t ALL about traffic. If you are using outdated monetization strategies and relying solely on display advertising, then yeah, traffic is going to be the only way to increase your income. But if you are diversifying your revenue streams, working with brands that are paying you fairly, using affiliate marketing in an effective way, and using your blog as a marketing vehicle to sell products and/or services, then you don’t need huge numbers to make a good income.