Thanks to the undisputed power of the internet, people today have discovered lots of unusual ways to make millions of dollars online while doing something they love.
One such unusual, and perhaps, a highly-profitable way to earn such a huge amount of money online is by blogging.
Today, there are thousands of bloggers out in the world who are making millions from blogging.
But, to be able to make millions blogging, you not only have to work really hard, have patience, and be consistent with your blog. – You also have to be smart about how you’re going to monetize your blog.
And while there are lots of books, blogs, forums, video courses, and training materials available on the internet that talk about 100 different ways to make money from blogging.
But as someone who has probably read all kinds of materials to learn how to make money blogging, I have finally realized that there are only 2 REAL and major ways to make millions of dollars from your blogging efforts.
The rest of the blog monetization methods are just nice-to-have income sources.
On the other hand, if you focus on the aforementioned methods, you can most definitely become a financially successful blogger.
Now, before we discuss these 2 major blog monetization methods, let’s first talk about blogging itself.
Most aspiring and first-time bloggers think that blogging is a way to make money.
But that’s just downright false!
Blogging itself is not a business model. Rather, it’s a marketing tool that helps to attract people to you.
And these people could be your potential customers.
In simple words, if you have published good content on your blog, it will attract a lot of potential customers’ attention.
And once you start gaining a good amount of attention, it’s your job to convert their attention into money.
Well, it’s simple. – You sell.
You build and sell your own products (Product Launches).
You sell others’ products for a commission (Affiliate Marketing).
Let’s discuss each of these blog monetization methods in detail.
Most blogs are not able to generate 7-figure incomes mainly because they focus on typical & mediocre blog income sources such as Banner Display Ads.
While banner display ads do help in making money from a blog, but you won’t be able to generate 7-figures of income from it.
In addition, you’re also ruining the user experience for your readers when you display Banner Ads.
On the other hand, if you provide a good user experience, it’ll definitely help you build a good relationship and trust with them.
And once you’ve built a solid trust foundation, you can easily sell start selling your products.
That’s what will help you to make you 7-figure returns from your blogging efforts.
In fact, almost all financially successful bloggers in the world do the same.
Take, Michelle the owner of the Making Sense of Cents, for example.
Michelle started her blog just as a hobby. But when she earned her first $100 from a sponsored post, that’s when she realized the real potential of blogging and decided to turn her hobby into a business.
In the early days, she started making money from more sponsorship deals and banner advertisements. But she was hardly making a full-time income from it.
Then in 2016, when she launched her first info-product, her blog income skyrocketed. And by the end of 2017, she had earned her first million dollars from her blog.
Now, to earn that kind of money from product launch, first you need to have a lot of subscribers.
But if you’ve just started your blog and don’t have many subscribers, that’s where the Affiliate Marketing comes into the picture.
Affiliate Marketing is all about promoting others’ products on your blog and making a commission every time someone makes a purchase through your affiliate link.
Unlike Banner Display Ads, you’re very much in control when it comes to advertising products on your blog.
In fact, you get to choose the products you want to promote and how you want to promote them.
Plus, you’ll also know exactly how much money you will earn on every sale.
In a nutshell, Affiliate Marketing not only helps to make more money than Banner Display Ads, but it also helps to maintain a good user experience on your blog.
And the best part is, once you start promoting different types of products, you will better understand which types of products sell the most on your blog.
This way, you’ll know what type of product you can create in the future to make even more money.
In fact, the majority of 7-figure bloggers started this way.
First, they promote certain types of products to both, make money from commissions and to understand the market potential of each type of product.
Later, after they identified what type of product performs best in the market, they created their own version of that certain type of product and eventually hit the 7-figure blogging income.
Earning a 7-figure income from blogging is definitely not easy. It often takes a really long time to see the reward.
But, if you have the patience to see it through, you will certainly find amazing opportunities to make huge amounts of money throughout your blogging journey.
Remember, not everyone struck gold with their first blog. And that’s okay.
The important thing is to keep going and keep trying new things and you’ll eventually reach your 7-figure blogging income goals.