How an Online Entrepreneur Should Monetize a Blog

As an online entrepreneur, I always seek to find, the best and the most effective way to earn money on a blog. How to monetize a blog? To be honest, there is a huge variety of affiliate programs and other good ways to monetize an informational web resource for an online entrepreneur. That’s why it can be difficult for an entrepreneur to select the best solutions. Like in my previous entrepreneur training lessons I am going to tell you about the most effective methods of making money from your blog. Let’s consider strong and weak sides of those methods and decide whether the methods can be combined.

An Entrepreneur can earn on Pay-per-Click Advertising Solutions

Google Adsense has lots of obvious advantages and is very popular. But, how can this fact be explained? The answer to this question is simple – it’s been created by Google employees. Due to the fact that Google is the world’s best known search engine, the number of Google advertisers is really great. Cost per click can reach up to $5 and even more. However, the cost per click largely depends on the blog topic and to be more exact on the keywords that the articles have been optimized for. But cost per click may also depend on CTR (click through rate). I want to say that if your blog cannot provide the advertiser with clients, you won’t be able to get high income. That is why, if an entrepreneur wants to make money by means of Pay-per-Click advertising, he should analyze the market and choose a profitable money-making niche before creating a blog. But even if CPC for you blog is not high and CTR is rather low, you will be able to get some income. In one way or another, it would be expedient for an entrepreneur to add a banner or two to his blog and see how much money he can make due to them.

Talking about Pay per Click I would like to tell about Chitika as well. It can be successfully combined with Adsense. There are the entrepreneurs, who have begun using Chitika when their Adsense accounts were banned for some reasons. Chitika does not differ a lot from Adsense. However, there are some payment differences. If you are going to withdraw money by means of Paypal, then you must have at least $10 on your account. But there is one more way to get money – through a check when you’ve got more than $50 on your account. So, an entrepreneur can either combine the two Pay per Click advertising solutions or simply remember that there is Chitika that is a good alternative to Google Adsense.

However, there are many more alternatives. Here we can talk about Blog Ads with strict website selection rules. Your blog should be no less than 6 months old and have more than 1000 visitors a day. Moreover, your blog should correspond to some certain topic. So, if your blog is too young, you have no opportunity to make use of this system unless it became extremely popular from the very beginning. Most online entrepreneurs have chosen Blog Ads to monetize their blogs and are pleased with the results. Those entrepreneurs, who use this system earn from $50 to $5000. Besides, when you join this system, you may get the sponsorship of one of the communities. Moreover, it depends on your blog topic what community is going to sponsor you. Each community has its own conditions and rates also differ. But if you use Crisp Ads, you can choose by yourself the advertisers that suit your blog.

An Entrepreneur can sell Links at His Blog

Text-Link-Ads is undoubtedly the leader in this monetization type. The only thing that you have to do is to register at Text-Link-Ads, add a script and links to your website and get money. It should be mentioned that you can get money through checks, by means of Paypal, Payoneer and a TLA voucher. You may wonder what a TLA voucher is. Due to TLA voucher an entrepreneur can deposit money he has earned from selling links into Text link Advertiser’s account. You will not have to pay for this kind of money transfer. Moreover, you will get a bonus of 15%.  Let’s suppose that you have earned $100 by selling links, then you can spend $115 on advertising your sites. It is really profitable, isn’t it? So, an entrepreneur can withdraw some money from his account and invest into his website promotion in order to be able to get higher income from selling links. To be able to withdraw money by check you must have at least $25 on your account. But if you want to withdraw money from Paypal or to deposit money into TLA account, you should know that there are no such restrictions. The cost of adding links depends on blog PR, its topic and the number of visitors. There is one more interesting thing to pay special attention to – if the system gets $100 from advertisers for adding links to your blog, it gives you $50 back. I have also mentioned a Payoneer card. It is a debit Mastercard that can be sent to any place on earth. In order to activate card outside the USA you will have to pay $10 from your income. Besides, an entrepreneur can withdraw money from any ATM and make payments online.

An Entrepreneur can sell Advertising Space on His Blog

An online entrepreneur can always start selling advertising space on a blog. Acting in such a way you can also monetize a blog effectively. All that you have to do is just to create Advertise page and promote it effectively. Advertise page provided at my entrepreneur training blog may serve as a good example!    - The post continues below the picture!

How an Online Entrepreneur Should Monetize a Blog

Earlier in this entrepreneur training lesson we have found out about such methods of blog monetization as Pay per Click advertising, selling links and Ad space. Now we are going to talk about making money from your blog by means of posting advertising articles. A well-known company can offer you cooperation and ask you to write advertising posts. There is no doubt about the fact that the money received from a big sponsor is going to be a high income. Are you interested? So, let’s consider it all in detail.

How an Entrepreneur Can Earn Posting Articles at a Blog

The first service I would like to tell you about is PayPerPost. Certainly, you wonder why I pay attention to this service. The point is that it is considered to be one of the best or even the best service. It has no special requirements for blogs. Your blog is going to be accepted right after its creation. I would recommend an online entrepreneur to post 15-20 articles first and only then to register at this system. After the registration you will have to choose the category for your blog. Keep in mind that only one category can be chosen. The next step that you have to take is to fix minimum price per word. Minimum price can be $0,03 per word. Let’s suppose that the article consists of 200 words =>0,03*200=6$. Besides, it is also necessary to fix the price per link. For example, you have fixed $5 per link. So, you will get 6+5=$11 per 200 words and one link. However, an entrepreneur can fix minimum price per post. Let’s suppose that this price will be $15. Moreover, an entrepreneur can use the prompting tool that will tell him realize what pay per post rate is the most appropriate for his blog. Pay per post rate depends on your blog PR. As to the getting article writing ideas, the situation is the following here: every advertiser filters blogs by various factors, in most cases, by blog PR, the number of back links and indexed web pages. So, if the advertiser has fixed the minimum PR that is equal to 2, then you won’t be able to see his offers till your blog reaches the necessary rank. If your blog PR is 0, in your admin panel you will see the offers of those advertisers, who have not filtered blogs by these factors. Therefore, the income you get will be rather low at the beginning. Later on your pay per post rate will increase as well as the number of offers.  Advertisers may ask you to write and post an article. You can choose the appropriate offer by yourself and send offers. The advertiser can also filter blogs by approval percentage. Let’s suppose that you have posted 10 articles out of 100 articles offered to you, then your APP can be calculated in the following way: 10/100*100% = 10%. If the advertiser has fixed APP that is equal to 11%, then you won’t be able to see the offers till your APP increases. As a matter of fact, the advertiser won’t see your blog in the system till that moment. As to the money withdrawal, an entrepreneur should know that he must have at least $50 on his account. Then he will be able to deposit money to Paypal.

How an Entrepreneur Can Earn Posting Reviews at a Blog

ReviewMe is one of the best blog monetization methods. Due to the name of the service an entrepreneur can easily understand that he is going to be paid for posting product and service reviews. Let’s suppose that a company produces a new product and has an advertising campaign. The advertising campaign is intended to promote a particular product. As a result, the company will offer bloggers to write a review on this product. A blogger posts a review with a link to the web page, where this product can be purchased.  A blog must correspond to the requirements of the system in order to be accepted to this system. Everything depends on blog PR, Alexa rank and the number of RSS feed subscribers. A review should contain at least 200 words with dofollow links. Besides, a review must contain the html code offered by an advertiser. The article has to be marked as advertising. That is why it would be reasonable to write – the following: It is a paid review or Sponsored Post – at the beginning of the article. An entrepreneur can get from $20 up to $200 per one article. The number of reviews you can write per month depends on your blog rating in the system. The rating of ReviewMe system also depends on Technorati rating that is based on such factors as the number of articles, link popularity, the number of users that have added your blog on Technorati and on the amount of traffic that your blog has. When you get good reviews for your articles, you will manage to increase the rating of your blog in this way. However, advertisers cannot make bloggers write positive reviews only. It is strictly forbidden. So, an entrepreneur, who has a blog, can criticize the product in his review if he considers it necessary.    - The post still continues below the picture!

Entrepreneur training lesson on how to monetize a blog

The final part of this entrepreneur training lesson on blog monetization topic. Let’s talk about the most popular and profitable affiliate programs. It should be pointed out that affiliate programs continue to be one of the most effective methods to monetize informational web resources and blogs. Today, almost every online entrepreneur having a blog gives a preference to this method of website monetization. As you can see, I also prefer to monetize my entrepreneur training blog by promoting affiliate products of the best companies. I would like to say that this method of blog monetization works effectively. That’s why I have decided to tell readers of my blog about the most profitable affiliate networks. Hope that after reading this article you will manage to find the best affiliate products for effective website monetization.

What an Entrepreneur Should Know about Amazon

This is an affiliate program that helps an entrepreneur earn money when he advertises the products from Amazon.com by means of adding banners, links and widgets to his blog. The main task of an online entrepreneur is to attract a client, who will click a referral link leading to the webpage, where the advertised product can be purchased, and then make an order. As to the referral link, it can be put in text or added to a banner. If a user buys a product an entrepreneur can get up to 15% of sale. It means that if a product costs $100, you will get $15 if the product is bought. Besides, a blogger can create an online store and add a shopping basket. In this way the blog will be able to gain confidence of potential clients.

What does your commission payment depend on? There are some fixed rates that depend on the product type. So, an entrepreneur will get 4% for selling household electronics, 10% for MP3 outputs, 10% for video products and 6% for Gift cards. In other cases, you will get from 4 up to 8.5% depending on the number of products sold. There are no special requirements for blogs. Even blogs with PR equal to 0 can be accepted to the system. There is no doubt about the fact that the topic of your blog must correspond to the products you are going to advertise. AdSense is very often combined with Amazon affiliate program. So, you do not have to invent anything. It’s far from being difficult to create an article about the product. There are some steps that you should take: visit amazon.com, find the product that you like, make the rewrite of its description and provide the product review. When a customer enters the name of a particular product into Google search engine, he gets to your blog post, which has an affiliate link to Amazon web page, where a client can buy a product he is interested in. It will be equally great if a client clicks on AdSense. An entrepreneur can have both a link to Amazon and AdSense banner. However, it would be better to determine which of them is more effective and choose it afterwards. By the way, I have 19 web shops selling only products from Amazon.com as an affiliate in several niche’s and it is a nice  additional income source.

What an Entrepreneur Should Know about ClickBank

Due to ClickBank a blogger’s commission payment can reach 75%. However, an average commission payment is just 50%. The maximum income an online entrepreneur can receive from one product sold is $150. ClickBank has much in common with Amazon.com. You should register at this system, choose the product in any category, create a referral link to it that is called Hoplink here and then add this link to your post. Following this link, a client will get directly to the seller’s website, where he can buy the product. You will get your commission two minutes after the client bought the product. Click Bank has also no requirements for blogs. You can get your money from Paypal and by checks, when there is more than $100 on your account.

Note! If you choose to use ClickBank as an income stream you ought to use this software called Affiliate Cloner, here is my affiliate link without using this software:  http://affiliatecloner.com/cgi-bin/uam/x.cgi?a=r&id=1&aid=578 and here I have used this software to generate my own personalized link: http://www.upcomingentrepreneurs.com/affiliatecloner.html

I hope you see the difference, and why you should use Affiliate Cloner Software, when you promote ClickBank products, the affiliate URL’s are ugly and people may choose to leave because of that. If you liked this tip, I hope you will do me the favor and use my affiliate link, or you can just go to AffiliateCloner.com web site, the choice is up to  you.

What an Entrepreneur Should Know about Commission Junction

Due to Commission Junction you will get money not just for selling products, but also for such actions that users make after following your link as filling in forms, service subscription etc. Every advertiser makes demands to an entrepreneur. The amount of commission indicates how much money the owner of a website is going to get in the end. As a matter of fact, the peculiarity of this affiliate program is that you can get money not just for selling products, but also for the other actions that blog visitors make. So, we have considered one of the best affiliate programs, which can be successfully used by an entrepreneur for blog monetization. My objective is to help an online entrepreneur get acquainted with affiliate programs and his task is to take action!

P.S! To make money online as an entrepreneur requires Hard Work, Persistence and Dedication. There is NO Programs, Pills or Potions that can change your situation, except your own willingness to Take Action and Control over your own destiny!

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