There are dozens of ways to monetize a blog. Why, because not every method suits for every bloggers. Bloggers in general wants to make money from their blogs, but when it comes to categorization of bloggers based up on their interest, stage, capability they need a specific monetizing methods for each category to suit their needs, which promises the income from their blog.
Lets see the monetizing methods first, most of you may well aware of these
- CPC – cost per click
- Affiliates – (including CPA – cost per action, CPL – cost per lead)
- Ad space selling for particular time (week/month)
- CPM – cost per million, CPT – cost per thousand, CPV – cost per visitor/view
- Sponsored reviews
When I started to write this article, I was in huge confusion, because I have 2 ways to explain my ideas, one is based on Monetizing methods and anther one is based on blogger categories, finally you are going to read this article based on the monetizing methods, the only reason I chose this way because there is no documented categories of bloggers, which I have in my mind. So you will understand those categories as we go on.
So Which Method Really Suits To Which Blogger
CPC fits for most of the bloggers but not every blogger, because for new, naive, initial bloggers can rely on this method, but not the pros and experienced. At the beginning of blogging, every blogger will receive very low traffic until certain period. This ‘certain’ period stand for the time taken by the blogger to learn or to gain experience in the blogging from his mistakes and stats of his/her blog. In this period of time they have to convert their little traffic in to some countable bucks. For this purpose CPCs like Google Adsense, Chitika and other like programs helps. Certainly without no traffic and influence, move for other methods is not good.
When I say Pros(Professional) and experienced they definitely have a huge subscriber list and followers, that means they are good influential bloggers like ProBlogger.com. If somebody is influential then their recommendations will be respected by their followers who admires them. So In this case they have choice of other monetizing methods but not CPC, because in this method, a blog’s traffic is diverted to another website ( may be a competitors’ ) which a profiled blogger don’t likes.
Affiliate Marketing – A major marketing method in the internet, is a good choice for intermediate bloggers, who has some decent blog traffic. But It needs time to manage your ads/links. If your a part of Google Affiliate, Commission Junction, you felt the difficult in managing your ads over time, what I am trying to say is, this is little bit time consuming and confusing(not in big) process.
CPV, cost per view/visit is a good for highly trafficked blogs. Where CPM, CPT comes under the same method, so the ad space selling for time period is also more or less same to CPV. It has not much problem to worry, your income will be constant. BuySellAds.com really helps in great manner for blogs which has more than 100k impressions per month. Because of bidding and auctioning bloggers will earn most out of it.
Sponsored Reviews, last major method to monetize a blog, but definitely not least. This opportunity comes only for some good niche blogs. The sponsor will pay you good sum for reviewing their products. You have ultimate benefits over this method, you have a post, you earned some good money, you may avoid bunch of ads blinking ugly all over your blog. But to choose this method you need to be successful first, that is your readers should trust you, your sponsors should trust you, most probably you should be best in your niche.
All your blogging experience will be a good example for this, so you don’t need any examples, I hope. Choose your method today, and please share your views in comments, so we can make this better.