REPLICATE THESE 12 MONETIZATION STRATEGIES
Blogging is largely considered a hobby. People consider it as an outlet to occasionally share their thoughts, have fun and get compliments.
But when you talk about money, bloggers aren’t expected to be welloff. If you tell people that you blog full-time for a living, they might pity you. And wish you all the best for finding a real job. Numbers tell that those people aren’t completely wrong. In a 2015 survey of thousands of women bloggers by iBlog magazine, only 11% claimed to earn more than $30,000. 68% of bloggers said that they earned less than $5,000. THAT’S SAD!
The bloggers we profiled below made a collective $124,407 in a single month. This being Wise Startup Blog, we examined exactly what each of these bloggers is doing to produce this massive income and made it easy for you to replicate their results on your own.
1 PAT FLYNN MAKES $100,000/MONTH Pat Flynn has created a passive income cult. He was among the first few bloggers that practiced transparency by sharing an income report publicly every month at Smart Passive Income (SPI).
Since Jan, 2015 he has consistently touched the $100k mark every month (not year). And he makes a major chunk of money through affiliate marketing. Let’s dig into 3 specific sources from his March, 2016 Income report.
1 1. PAT FLYNN PROMOTES BLUEHOST AND MAKES $53,400/MONTH Pat Flynn earned a massive $53,400 from Bluehost in March, 2016. Here are two rules that Pat Flynn adheres to when promoting products as an affiliate. • Only promote products that you’re very familiar with. Preferably you’ve used them and it helped you to achieve something. • Don’t tell anyone to directly buy a product. Only recommend them in the context of how you’ve used them (maybe as a case study in a blog post).
1 2. PAT FLYNN MAKES $16,399/MONTH THROUGH PODCAST SPONSORSHIPS Pat started the SPI podcast back in July, 2010. Back then, podcasting wasn’t mainstream and setting up your own podcast wasn’t easy.
Fast forward to Aug, 2015 and SPI podcast has crossed 17,000,000 total downloads. Moreover, Pat has started three more podcasts including AskPat.
1 3. PAT MAKES $12,307 BY BUILDING A CUSTOM SMART PODCAST PLAYER Creating a software is a great monetisation strategy if your audience demands it. But you need to have (or hire) software development skills to pull it off. In March 2016, Pat earned $12,307.60 through c Licenses. Read the 7 lessons he learnt from building a software product (including how he dealt with his main software developer exiting the project).
2 REGINA MAKES $16,392/MONTH @byReginaTV calls herself a sidekick to infopreneurs. She is committed to helping freelancers, coaches and teachers profit from their knowledge. In her January, 2015 income report she revealed that she made $16,382.91. She made a couple thousand chunk of affiliate income from Bluehost. But we’ll look at her 3 other different approaches that helped her make money.
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4. SHE SELLS HER CLASS 50 WORKDAYS – ZERO TO BLOG AND MAKES $5,475/MONTH
Regina achieves her brand’s mission of helping people sell their knowledge with her premium information products.
And Zero to Blog is one such self-guided class with added incentives in community, checklists and more. In Jan, 2015 Regina earned $5475.00 with this class.
2 5. REGINA MAKES $3,224/MONTH SELLING HER EPIC BLOG: ONE YEAR EDITORIAL PLANNER This is a physical blog calendar that helped Regina make $3,224.22. She also offered this in her physical welcome kit to her Zero to Blog students.
Listed at $18.5, the planner helps bloggers for one-year worth of content planning. And it has received 56 positive reviews.
2 6. ZACH GARRY MAKES $8/K MONTH SELLING PRODUCTS VIA AMAZON ASSOCIATES Regina only made $273.49 off this source. But Amazon Associates is an incredible way to earn money for niche websites – they pay upto 8.5% commission on sales through your advertising efforts. Many websites listed at Empire flippers pull huge incomes from Amazon. A great example is Zach Garry. He bought a website from Flippa and after building good traffic, he now makes a living from the Amazon Affiliates program. He made over $8k in July, 2015.
3 JOHNNY FD MAKES $18,391/MONTH @JohnnyFDK has a fascinating life story of how the 4-hour work week inspired him to quit his corporate job and follow his passion of becoming a scuba diving instructor. And later a Muay Thai kickboxer. But as he turned 30, he was short of cash and that’s when he started his blog JohnnyFD.com.
In March, 2016 Johnny made $18,391.06.
3 7. JOHNNY MAKES $99/HOUR WITH PHONE COACHING Mentors can shorten your learning curve and sail you through many business struggles, right? After rejecting a couple of people, Johnny thought that he could help the people just starting out or those struggling to achieve their goals.
So he started offering phone coaching services in areas off niche selection, drop shipping, affiliate marketing, lifestyle and more.
3 8. JOHNNY MAKES $264/MONTH SELLING HIS EBOOK IN SPANISH Once you’ve built your list, it’s easier to get book deals and get more sales. Johnny made $264.89 from the Spanish version of his book ‘Life Changes Quick’. If you’re interested in becoming an author, Tim Ferris has compiled an awesome resource on how to write a bestselling book.
3 9. JOHNNY MAKES $551/MONTH BY CREATING UDEMY COURSES
Udemy takes courses to the next level. It has adopted a marketplace model pooling students and instructors under one platform.
Johnny made $551.20 through Udemy in March, 2016 from his two courses – Small Talk Networking and Relationship Ready.
3 10. JOHNNY MAKES $5,324/MONTH FROM DROP SHIPPING
Johnny has been running drop shipping stores since 2013 – working about an hour a day. And it has played a huge role in replacing his 9-5 job. In March 2016, Johnny made a net profit of $5,324.24 from his two drop shipping stores.
4 ABBY MAKES $36,234/MONTH
@JustAGirlAbby started her blog in 2013 to share her passion for building a beautiful, thriving home, life and business. It was supposed to be a hobby blog. In Feb, 2016 Abby earned $36,234. Let us look at two income sources used by Just a Girl and a Blog during their journey to $30k+/month.
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11. ABBY MAKES $10,668 SELLING HER EBOOKS
While Abby writes high-quality content on her blog, she has gone into a greater depth on certain subjects in her eBooks. Whoever said you can’t make money by selling eBooks was lying: In Feb, 2016 Abby managed to make $10,668 from the Framework eBook and course, $1,956 from the Simplify eBook and $814 from Paperless home eBook.
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12. ABBY MAKES $5,070/MONTH SELLING HER INTENTIONAL LIFE PLANNER ON AMAZON
The international life planner was announced by Abby in November, 2015 and it focused on helping her audience achieve their goals while keeping them productive. The response to the planner was positive – Abby managed to make $2,240 in Jan 2016, $2,100 in December 2015 and $5,070 in November 2015.
$100k isn’t usual income for bloggers‌ But the actionable strategies and resources in this article will help you get on the right path.
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