- Build your blog audience
- Invest in your audience
However, if you are looking for a detailed and detailed outline of how to launch a blog that generates $10k or more every month, here are 5 proven steps for you.
1. Create a solid monetization strategy
The most important things first. You need a blueprint. You need a monetization strategy. You need to know how to make money from your blog before launching it.
Do you already know how to monetize your site? Are you going to use affiliate marketing? Or do you want to sell courses online? By creating a monetization strategy up front, you can easily follow a framework that actually helps you monetize your blog.
However, there are many sources of income that you can consider to create a monetization strategy and we will briefly discuss about 3 of them now.
1. Make money through affiliate products
Most of the income that our Bloggers Passion blog generates comes from selling affiliate products. So our monetization strategy mostly revolves around selling affiliate products.
That’s why we rely so heavily on SEO and organic traffic because it converts really better when compared to other traffic channels like social media or referrals. If you are looking for a passive income source to make money even while you sleep, then affiliate marketing works great.
Affiliate marketing is basically about selling other people’s products for a commission as you will get paid when you make successful affiliate sales generated through your affiliate links.
Affiliate marketing is growing rapidly, users have clicked more than 5 billion times and affiliate marketing networks have executed more than 170 million transactions worldwide.
Affiliate marketing spending in the United States is estimated to grow at a compound annual growth rate (CAGR) of 10 percent between 2015 and 2020, to reach $6.8 billion. eMarketer estimates that affiliate marketing accounts for 7.5 percent of total digital marketing spend among retailers, $15.81 billion.
Here are your affiliate marketing spending predictions. If you are looking to create a monetization strategy with affiliate marketing, you should create content that educates your audience (and you should also target business keywords).
Here are some of the content types that work well with this model;
- case studies
- Affiliate Marketing Products Review
- Comparison Posts
- Discounts and promotional codes
2. Make money by selling your own products
There is also another great monetization strategy that you can use apart from affiliate marketing. It sells your own products.
It can range from anything including;
- Sell your goods
- Sell your stuff like e-books, plug-ins and gadgets
- Selling courses online
- And the list goes on
The best examples of these blogs actually using this type of monetization strategy include;
- I will teach you to be rich
- fruit video
- Social Triggers
The above blogs are making millions of dollars by selling online courses. If you want to use this type of monetization strategy, the following type of content performs well.
- Create in-depth articles about the products you want to create
- high educational materials
- Problem Solving Contents
- and so on and so on
3. Make money from consulting
You can also offer advice, private mentorship, or individual counseling services from your blogs as it is another great monetization strategy.
The key to making more money from this type of monetization strategy is that you need to focus on growing your personal brand. You must establish yourself as an expert or thought leader in your field.
2. SEO could be your best bet
It’s not easy to create a blog that earns $10,000 per month. In fact, it takes time.
You cannot make $10k per month right after launching your blog especially if you don’t have any previous experience. Your best bet can be search engine optimization (SEO).
SEO simply means search engine optimization that helps you optimize your site for better organic visibility. It helps you attract the right audience who is eager to buy things from you.
When it comes to SEO, here are the three things that really matter.
- Key words
Let’s talk briefly about each one of them so you can build a blog that gets more traffic and sales in 2021 and beyond.
Content: Do not create short articles. Focus on creating long form articles of at least 2,000 words as they tend to rank well in search engines and also attract more social shares and backlinks.
Key words: Before publishing any blog post, be sure to do keyword research. Keyword research is all about searching for keywords that help you rank well in Google search. Make sure to find long, competitive keywords with a higher cost-per-click (CPC) to generate better organic traffic.
You can use tools like Semrush to easily find great keywords no matter what industry you’re in. You can use the link below to get a free trial of Semrush.
Use this exclusive link to get a free 30-day trial of your Semrush Pro account ($99.95 value)
Backlinks: Google considers backlinks to be “voices”. If you want your content to perform well in Google search, you need to attract high-quality, highly relevant backlinks.
Here are some ways to get backlinks to your site.
- Guest post (write posts for other sites to get links back to your site)
- Use blogger to communicate
- Using weekly tours from other bloggers
- broken link building
3. Diversify traffic and income sources
Don’t put all your eggs in one basket.
You need to diversify your traffic sources.
1.3 million page views in one year in 2018, and 1 million page views in 2017.
These are bloggers’ traffic stats on our site. The best part is that we didn’t spend a penny on marketing it. Here is a quick look at the traffic sources;
- Organic research (83%)
- Live Traffic (12%)
- Referral traffic (4%)
- Social media traffic (1%)
Now we are mostly focusing on other social media channels like creating Facebook groups, writing on Quora and focusing more on email marketing etc because we want to diversify our traffic and income sources.
You should also do the same things if you want to create a profitable blog in the long run.
4. Think long term
You cannot start a blog to make money overnight. take time. We started Bloggers Passion in 2010 (exact 9 years ago). We are now making $10K in revenue every month, which means it actually took us 9 years to go from 0 to $10K in revenue.
If you want to start a blog to make money, think long term. Don’t expect quick results. Find out which strategies work best for you in a year, two or three years. Then work towards these goals starting today. This is how you can succeed.
5. Invest in the right tools
You cannot start a blog to make money without actually investing money. It requires making money online.
If you do it right, you can create a profitable blog very quickly. Although there are a lot of premium tools out there, you should invest money in the following places.
- Web hosting (consider reliable hosting like Bluehost)
- Email Marketing (You can check GetResponse or MailChimp)
- SEO tools like Semrush
If we had to start again from scratch and invest in just one tool, it would be Semrush.
At Bloggers Passion we have been using Semrush for over 6 years and the results are great.
Here are a few things that you can easily do with Semrush.
- Keyword search
- Website Audits
- Content Creation Ideas
- competitive analysis
- Semrush regularly updates its databases to provide you with accurate and up-to-date data
- PLA ads reveal information about your competitors’ ads
- Ad analysis tools
- field comparison
- Track keyword ranking
- Backlink analysis
- And the list goes on
So if you are interested in giving it a try, use this exclusive link to get a 30-day free trial of Semrush.
6. Build and grow your email list from day one
Email marketing helps you build strong relationships with your website audience. If you’re not building an email list, you’re making a huge mistake.
Did you know that email marketing gives you 4000% ROI and $40 for every $1 you spend? So be sure to build and grow your email list from day one. Although there are many email marketing tools out there, we recommend you to try ConvertKit.
ConvertKit is the same email marketing software we use for Bloggers Passion.
It is affordable and offers excellent features to grow your email list. It also provides you features like tags and slides to easily manage email subscribers for better conversion rates.