Day 4: Make money
Lesson 7 Module 4
Welcome to day 4 of the Do Six Figures business bootcamp. Today we're going to put the monetization puzzle together.
There are 5 ways you can monetize your website to start making money right away.
- Affiliate marketing
- Sponsored posts
- Digital products
Let me go over each method and see which one(s) appeal more to you.
Step 1. Monetize with ads
Place ads on your blog. Get paid. It's as simple as that.
Here are the best ad networks. I recommend getting started with Google Adsense.
- Google Adsense: The most popular ad network.
- Monumetric: Minimum 10,000 pageviews per month to apply.
- Mediavine: Minimum 25,000 pageviews per month to apply.
- AdThrive: This network requires 100,000 pageviews per month to apply.
Pros: Easiest way to monetize your blog.
Cons: You won't make real money unless you have a lot of traffic.
Step 2. Make money with affiliate marketing
Affiliate marketing is when you are paid a commission for selling something else's product. Affiliate marketing is one of the best ways to monetize your blog.
Here are the top affiliate networks.
- Amazon Associates: Easiest way to make money with affiliate marketing.
- Shareasale: Lots of products and services to choose from. I use them.
- Clickbank: Mostly digital products. Really high payout rates, but can be hard to find good products.
- Individual affiliate programs: Eliminates the additional middle-man. Better payout rates.
Pros: Passive income, test what sells, learn how to sell
Cons: Can be hard to sell products when you don't control the sales process. Payout rates can be low.
Step 3. Make money with sponsored posts
This is where you get paid to publish an article on behalf of a company. Some are interested in just getting a link on your website (for SEO purposes) while others are looking for exposure.
You either receive an article to publish or you write it yourself. The most common type of a sponsored post is where you review a product or service. In addition to the blog post, it could include social media sharing as well.
Here are some sponsored post networks you can join.
Pros: Fastest way to make big money. Think Kim K getting $1M for an IG post.
Cons: You need either good website metrics and/or lots of traffic to get offers. Does not work with all niches.
Step 4. Offer services
Here are some examples of services you can offer.
If you go this route, create a services page and link to it in your menu.
Pros: You can charge a lot of money. Think $100+ per hour.
Cons: Not passive at all. Can't scale. Trading your time for money. Instead of having no boss, each client becomes your boss.
Step 5. Create your own digital products
I saved the best for last. Creating and selling your own digital products is the best way to monetize your online business.
Short on ideas? Here are some digital products you can create and sell on your blog.
- Printables (meal planners, budgets, calendars, checklists, templates, etc.)
- ebooks (either short how-to guides or a bigger ebook)
- Digital courses (can be set up using Teachable or Thrive Apprentice)
Pros: Create it once and sell it over and over again. No middle-men. You keep 100% of the money.
Cons: It can take a long time to create your own product.
Step 6. The next steps to making money online
That's it for the bootcamp! But this doesn't have to end here. If you are ready to take action, I’m ready to help. I created an online course, Six Figure Bloggers Blueprint, where I show you how to create a fully automated online business.
I can follow this blueprint (as a student taking the course) and start a blog that makes $1,000 per month in 3 months time.
I'm so confident it can work for you that I'll even give you your money back if it doesn't work. If you do all the steps in the course, you are going to make money, it's as simple as that.
Not only that, but you can use coupon code 200off right now to get $200 off the regular $297 price.
Click here to see if the coupon code is still valid (add it on the payment page).
Until next time,