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Five Ways to Generate Income with Your Blog

Five Ways to Generate Income with Your Blog

There can be a number of reasons as to why we choose to run a blog. For some, it’s to offer viewers a form of entertainment, whereas others may just be looking to showcase a certain art form. Whatever the reasons are for the blog, webmasters can be confident that it has a home in the online world.

Due to many regulations enforced by Google over the last few years, blogs are quickly becoming a commodity within the online world, as they have to offer a brilliant user-experience and killer content for them to rank well within search engines.[1] As such, more and more webmasters are ensuring that they only employ “white hat” methods when it comes to promoting their blog online.

As more quality blogs are introduced into the online world, more readers are keen to absorb the information. Many people even find that their blog becomes an overnight sensation due to one piece of phenomenal content. As such, your blog can become a hot ticket within the online blogosphere.

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Those who have been on the blogging scene for some time will no doubt be aware that many bloggers make money with ad programs, such as Google’s Adsense, Outbrain and Taboola, but are there any other options available to those looking to make a profit on the Internet?

Fortunately, the answer is yes, and the following options should at the very least be on every blogger’s consideration list when it comes to monetizing their blog.

1. Affiliate Marketing

The great thing about affiliate marketing is just how much opportunity it offers both parties if employed in the right way. Affiliate marketing works by a blogger placing an advertisement or a link to a third-party’s product or service on their site, usually in a form of a coupon. Should viewers like the look of what they see, they can choose to make a purchase. This means that the business gets a sale and the blogger gets a percentage of the profit. Affiliate marketing is ideal for a blog that has a certain niche. For example, if you were running a blog that focused on video games, you could look towards affiliate schemes that offered not only video games but also paraphernalia, such as joypads and gaming tablets.

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Of course, some research should be carried out in relation to the affiliate programs you wish to use, but if used in the right way, affiliate marketing can be a great way for your blog to generate income.

2. Direct Advertisement

When looking for direct advertisement, you have to prove that your blog is a viable place to advertise. Hence, you should ensure that the user-experience is up to par, as well as your incoming traffic.[2] However, those who have had their blog for some time may be becoming frustrated with some of the limitations in place by more obvious solutions, such as Adsense.

In this regard, you can either look to pitch your site to businesses within your niche, or you could find that you receive direct offers if your blog has posted some viral content as of late. Of course, you need to ensure that you read all the terms in relation to any advertising that takes place, but, when done in the right way, direct advertisement can be a great way of making money with your blog.

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3. Create and Sell eBooks

If you’ve become something of a reputable source within the online world, then it’s likely that you will be the first place people come to when it comes to new developments within your niche. You’d be surprised by the fanbase that can be built with the right kind of research, meaning more and more people are craving the information you offer. As such, why not offer some reading material for your visitors in the form of an eBook?[3] Even a small charge can help garnish your income, and who knows, you could be writing a lot more books in the future.

4. Run Your Own Set of Services

Have you created your own website and somebody has given a comment as to how great it looks? Maybe somebody has complimented you on your content? Whatever your strengths are, there’s very little reason why you can’t market them within your blog. Some of the things you can consider are as follows:

  • Blog Migration
  • Logo Design
  • Content Creation
  • Consultancy
  • Social Media Management
  • Website Design & Development

Of course, this is only the tip of the iceberg when it comes to what services can be offered. Simply find something that has served you well and pitch its benefits on your website. Before long, you should be able to generate income via the strength of your blog.

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5. Paid Reviews

If we deal with a number of reviews, it only makes sense that we monetize our opportunities wherever possible. For example, if someone is offering you a software to review and looking to profit on the back of your review, then it can be worthwhile considering charging for the review. Of course, you need to have a high influx of traffic to your blog to justify a charge, but paid reviews can be an ideal income funnel for your blog.

To Conclude

This is merely an overview of what can be achieved when it comes to making money with your blog, but you do have to be certain that you’re employing the right kind of strategy for your particular blog, which can mean that some research may be required.[4]

This can mean looking at what past content has done well on your blog, and how this can be used alongside the marketing potential of your blog. Other factors to consider can be the search terms used that bring visitors to your site, which can assist you when trying to choose the right kind of affiliate for your blog.

It’s also worth making sure that you’re not altering the tone of your blog to conform with advertisers. Remember, the success of your blog will always be based on how many people visit and read your content, so be sure that you don’t alienate visitors by introducing too many changes and taking the focus away from the content.

Reference

[1]https://solvid.co.uk/content-marketing-in-2017/
[2]https://solvid.co.uk/15-common-website-ux-issues/
[3]https://blog.hubspot.com/marketing/how-to-create-ebooks-free-templates-ht
[4]https://blog.hubspot.com/marketing/blog-strategy-guide

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Dmytro Spilka

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Last Updated on October 18, 2018

10 Key Characteristics of a Highly Successful Entrepreneur

10 Key Characteristics of a Highly Successful Entrepreneur

When it comes to starting your own business and pursuing your dream of becoming an entrepreneur, it can be advantageous to go all in and embrace the flexibility of finally quitting your day job.

Keep in mind, though, that it takes a special kind of person to take the business world by storm: a person who has cultivated the key characteristics of entrepreneurial success.

People with these characteristics are likely to succeed, whereas people without them have difficulty moving forward with even the most brilliant business ideas.

These characteristics of an entrepreneur are so important that I’ve decided to cover all 10 of them in detail so that you can start your business with your best foot forward.

1. Successful Entrepreneurs Practice Discipline

Plenty of business experts claim that you can’t get anywhere as an entrepreneur without vision or creativity, but that’s simply not the truth. Instead, the one quality that no entrepreneur can be successful without is discipline.

To build an idea into a business, you have to have the discipline to spend time slogging through the least fun parts of running a business (like the bookkeeping), rather than taking that time to do something fun.

Andrew Carnegie, one of the most financially successful Americans of all time, grew up working dull and difficult jobs in factories. Despite going to bed hungry some nights, he continued doing his best work. He was eventually hired by a railroad company and continued to move up the ladder until starting his own successful businesses. Carnegie is a fine example of an entrepreneur dedicated to discipline and hard work. He truly earned his dreams of prosperity and success.

When you’re the boss, there’s no one to keep you at work except yourself — and there’s no short-term consequences for skipping out early.

Sure, if an entrepreneur plays hooky enough he knows that the business just won’t happen, but it’s very hard to convince someone that ‘just this once’ won’t hurt (and to keep ‘just this once’ from becoming a daily occurrence).

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2. Successful Entrepreneurs Keep Calm

Things go wrong when you run your own business.

Most entrepreneurs go through crises with their businesses — and more than a few wind up with outright failures on their hands. But when you’re responsible for a business, you have to be able to keep calm in any situation. Any other reaction — whether you lose your temper or get flustered — compounds the problem.

Instead, a good entrepreneur must have the ability to keep his cool in an emergency or crisis. It may not make the problem easier to solve, but it certainly won’t make it harder.

Honestly, losing your calm is a quick path to becoming the kind of person who gives up in the face of adversity. Instead giving in to frustration, remember classic entrepreneur Benjamin Franklin.

Franklin kept his calm as he experimented and tweaked his inventions again and again in pursuit of success. He didn’t give up during his many failures – he chose to innovate. You can choose innovation, too.

If an entrepreneur can handle failure without frustration or anger, s/he can move past it to find success.

3. Successful Entrepreneurs Pay Attention to Details

Restricting your attention to the big picture can be even more problematic than ‘sweating the small stuff.’

As an entrepreneur, unless venture capital has magically dropped out of the sky, a small expense can be a killer. It’s attention to detail that can make a small business successful when it has competition and it’s attention to detail that can keep costs down.

Attention to detail can be difficult to maintain — going over ledgers can be tedious even when you aren’t trying to pay close attention — but keeping your eye on a long-term vision is just asking for a problem to sneak in under a radar.

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After a business grows, an entrepreneur might be able to hire someone to worry about the details. In the beginning, though, only one person can take responsibility for the details.

Skeptical about the importance of details? Look no further than Howard Schultz, who grew a small coffee shop called Starbucks into one of the most globally successful coffee businesses in the world through his extreme attention to detail.

He is famous for taking all aspects of growing a business into account, paying attention not only to financially smart business decisions, but also focusing on socially responsible business decisions. Details can take you far.

4. Successful Entrepreneurs Embrace Risks

No entrepreneur has a sure thing, no matter how much money s/he stands to earn on a given product. Even if a product tests well, the market can change, the warehouse can burn down and a whole slew of other misfortune can befall a small business.

It’s absolutely risky to run a business of your own and while you can get some insurance, it’s not like most investment options. Even worse, if something does go wrong, it’s the entrepreneur’s responsibility — no matter the actual cause. In order to deal with all of that without developing an ulcer, you have to have a good tolerance for risk.

You don’t need to channel your inner frat boy and take on absolutely stupid risks, but you need to know just how much you can afford to risk — and get a good idea of how likely you are to lose it. If the numbers make you uncomfortable, the risk is too great.

Embracing risks is essential for growth and additional success, as well. Walt Disney, for example, could have stayed comfortable with his advances in the film and animation industries, but decided to expand his brand with a new dream: a theme park that soared above the competition. Without taking this risk, the incredibly successful Disney theme park empire would never have come about.

An entrepreneur has to be willing to accept pretty big risks, with some level of comfort.

5. Successful Entrepreneurs are Balanced

You can take any characteristic too far. There’s a point at which attention to detail can become obsession or calm can become unemotional response.

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As an entrepreneur, you have to be able to balance your characteristics, getting the most of them without going over the edge. But balance for an entrepreneur goes far beyond keeping your characteristics in check, though.

Just as an entrepreneur doesn’t have a boss to keep them at work when necessary, they don’t have one to send them home when they’re done. If you are working for yourself, you have to decide how to balance your work and home life — and if you have a day job to add into the equation, balance just gets more complicated.

Oprah Winfrey, one of the most successful and influential entrepreneurs out there, understands the importance of balance. Winfrey has a lot going on; she runs her own media kingdom, acts, produces films, publishes print, and more. In an interview with Fast Company,[1] she talks about her efforts to balance priorities and self care, saying that she must ask herself what is truly important in each limited day.

You may or may not have as much on your plate as Oprah, but learning how to balance whatever you have going on in life will certainly help you farther along down the road as you learn to be a great entrepreneur.

6. Successful Entrepreneurs are Passionate and Motivated

In order to develop any of the above characteristics, you must have a foundation of passion. Staying disciplined day after day during the building of your business takes unrivaled motivation.

Before you start any business, ask yourself if you can sustain true excitement about your idea during even the darkest days ahead of you. If the answer is yes, then good for you! Nurture your natural motivation by taking these action steps throughout your business journey:

  • Commit to making short and long-term goals. Check in with them often to stay on task.
  • Have a plan in place for the inevitable days when you feel discouraged. Make a list of things that will help keep you motivated and focused.
  • Share your ideas with trusted individuals who are just as excited as you are. They will help keep your enthusiasm rolling even when you are feeling down.

By being prepared for apathetic days and holding fast to your authentic passion, you can actually enjoy your journey to success.

7. Successful Entrepreneurs Adapt

Remember this one word: flexibility. Seasoned entrepreneurs know that change is not only a part of life, but also a part of the business world. Expect change and choose to adapt.

As a new entrepreneur, it will be tempting to cling to your original business plan with no exceptions, even if you notice it isn’t working. Good entrepreneurs know that it’s okay to make smart, informed changes in order to ensure efficiency.

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8. Successful Entrepreneurs are Marketing and Sales Experts

No matter what kind of business you are starting, a knowledge of marketing and sales will save you many headaches. A passion for creating a beautiful handmade lifestyle product is not enough to run a successful lifestyle brand; it is critical that you understand key business principles in addition to your natural skills or great product line.

Not sure how to start? Taking business courses is a great idea, but you can also easily brush up on sales and marketing through free online resources. Check out these 10 Sales Skills Everyone Should Master To Be Successful to begin now.

9. Successful Entrepreneurs Have Strong Money Management

Along with sales and marketing skills, money management is a very useful tool in the box of the entrepreneur. Understanding how to best manage your money can be the difference between early success and early failure in the business world.

If money management isn’t your strongest skill, prepare to hire a financial expert to help you with any tricky business that comes up. Financial guidance and knowledge is never a bad idea.

10. Successful Entrepreneurs Ask Questions and Continually Improve

Pride is a natural human quality, but it’s important to humbly conduct some constructive criticism every now and again on both yourself as a leader and your new business as a whole.

Assess how things are going and be willing to make positive changes if necessary. Here’re 15 ways to cultivate lifelong learning.

If you are always improving, then how can you ultimately fail?

The Bottom Line

Let me remind you of one important fact: the qualities of an entrepreneur listed here are not exclusively available to some people and elusive to others.

Although some people may have natural strengths and weaknesses, these qualities can be learned by anyone interested in taking up the entrepreneurial challenge. It might not be easy to change old habits, but it is absolutely possible to cultivate these characteristics in yourself.

Whether you’re a business owner or an aspiring entrepreneur, with hard work, you can train yourself to develop the qualities that truly determine the entrepreneurial spirit and future success.

Featured photo credit: Unsplash via unsplash.com

Reference

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