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Ready To Start A Monetized Blog? Five Monetization Pathways To Consider

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Ready To Start A Monetized Blog? Five Monetization Pathways To Consider

By Amine Rahal, a tech entrepreneur and writer. He is currently the CEO of IronMonk Solutions.

I’ve been in the digital marketing game for multiple decades now. I have had the unique privilege of witnessing the industry mature and develop into what it is today—a highly competitive and saturated space, yet one in which many hardworking people can earn a decent living.

This is especially true for blogs. While it may seem like everyone and their grandmother has some sort of blog these days, the fact is that not everyone is adept at monetizing them.

The good news is that, in my experience, monetizing a blog isn’t as difficult as many people assume. For myself and my clients, I’ve focused on five key monetization pathways that have served me well over my career. In this article, I’ll explain what each of them is and how to capitalize on them.

1. Advertising Revenue

Once you have built a website generating high organic search traffic, you can start making money from advertising revenue. These ads are generally of the pay-per-click variety, where advertisers pay out different rates depending on the product’s or service’s niche.

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The main player in this space is Google Ads (formerly AdWords), which has dominated this market segment for a long time.

Generally, you can earn between $0.01 and $0.30 per click by taking this route. The best part about it is that it’s almost entirely hands-free: You sign up with Google Ads, Microsoft Advertising, Raptive or any other provider and let the advertisements generate clicks.

Note that your website visitors may see this form of monetization as intrusive and annoying. If you decide to take this route, keep your ad usage limited and tasteful so that you keep your page’s UX/UI intact.

2. Affiliate Marketing

Affiliate marketing has been the big money-maker for myself and my clients. However, it takes time and effort to be able to pull this monetization lever.

In essence, it involves building a popular niche website and then including tracked hyperlinks to third-party products or services whose providers pay you a commission for each sale you bring to the company. A niche website could be about just anything—from pet food to sporting goods to financial products and everything in between.

Success in this monetization pathway can generate significant revenues per month for well-optimized affiliate blogs in a high-volume niche. The downside, however, is that you need to create a lot of high-quality content on your blog and build lasting relationships with affiliate companies in order to insert tracked hyperlinks into your content.

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While building your website, you may want to start with affiliate programs that have a low barrier to entry.

3. Sell A Service

At the very least, you can sell consulting services. Chances are good that if you run a successful blog with a good number of organic visitors, there are potential customers out there looking to learn from your expertise.

Popular website builders like WordPress, Wix and Squarespace have simple plug-ins that allow you to add a checkout function to your blog. Offering consulting services—or any service, online or otherwise—is a simple method of blog monetization.

Typically, I see consultants command $50 to $250 per hour, but your earning potential is only limited by your level of expertise and your ability to market yourself as a leader in your field.

4. Sell A Course

You can think of this one as a scaled-up version of selling a service. However, instead of one-on-one consulting, you sell a group course. This has the obvious benefit of multiplying the amount that you can earn on a per-hour basis but demands much greater effort from the course provider.

Before you launch a course, you need to build one. This requires creating written and graphic materials (often delivered via encrypted PDFs that can be unlocked with a password) that you pair with group conferences or seminars that go over the written materials in greater depth.

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There’s no need to use a middleman to take this monetization route. While Udemy and Skillshare can help you build your course platform, you can offer a course sign-up function within your blog and get the ball rolling on your own.

5. Flipping

My last suggestion is to consider “flipping” your website on online marketplaces. There’s a huge market of both buyers and sellers looking to purchase blogs that generate high amounts of traffic.

I’ve found that most blog buyers consider a site’s monthly revenue when determining how much to offer for it. Therefore, you should already have monetized your site before you decide to cash out.

Finding A Monetization Strategy That Works

There’s no clear pathway to blog monetization. Rather, your strategy should appeal to your website’s natural strengths and your strengths as a blog creator. If your website has a particular niche that is well-suited for selling products, consider running ads or creating affiliate content.

On the other hand, if you feel like you could make for a better product, consider selling a course or a consultation. This way, you can share your domain expertise with an audience for a fee.

Once you have successfully monetized your site, you can cash out by flipping it on an online marketplace and then, well, rinse and repeat by starting a new blog from scratch.

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Get Microsoft Office Plus Windows 11 Pro for $70 This Week Only

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Get Microsoft Office Plus Windows 11 Pro for $70 This Week Only

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

When you run a company, you need every basic tool available to streamline your communications, content creation, and sales abilities. You also need to operate on a computer outfitted with a capable and robust operating system designed to support modern productivity.

Through 11:59 p.m. PT on May 12th only, you can get The Ultimate Microsoft Office Professional 2021 for Windows: Lifetime License + Windows 11 Pro Bundle on sale for just $69.97 (reg. $438).

Known by many for a long time, Microsoft Office Professional features a suite of apps designed to help you write, present, organize, email, and more. Unlike with Microsoft 365, there are no additional monthly fees with Office. These are the ones included with this lifetime license:

  • Access
  • Publisher
  • OneNote
  • Teams
  • Outlook
  • PowerPoint
  • Excel
  • Word

This bundle also includes Windows 11 Pro, the latest Microsoft operating system, which offers advanced security features and productivity elements that can help keep any modern professional on task and safe.

On the security front, the system uses tools like Smart App Control, biometric logins, and TPM 2.0 to help keep you protected. When it comes to productivity, it offers tools like improved voice typing and the support of AI-powered tools like Microsoft Copilot. And because Office includes Teams, you get a hub of communication for your team.

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This deal has several 5/5 star ratings on the Entrepreneur Store, and Windows 11 Pro is rated 4/5 stars on PC Magazine and TechRadar.

Through 11:59 p.m. PT on May 12th only, you can get The Ultimate Microsoft Office Professional 2021 for Windows: Lifetime License + Windows 11 Pro Bundle on sale for just $69.97 (reg. $438).

StackSocial prices subject to change.

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8 Common SEO Myths Debunked

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8 Common SEO Myths Debunked

Opinions expressed by Entrepreneur contributors are their own.

In today’s digital landscape, a strong Search Engine Optimization (SEO) strategy is crucial for businesses to thrive. SEO helps websites rank higher in search engine results pages (SERPs), driving organic traffic and boosting online visibility.

However, the world of SEO is also riddled with myths and misconceptions that can lead businesses astray. Let’s debunk some of the most common SEO myths and separate fact from fiction.

Myth 1: More keywords mean better rankings

Gone are the days of stuffing your content with every keyword imaginable. Google’s algorithms have shifted towards natural language processing (NLP), prioritizing content quality and user experience above keyword density. While keywords remain important, focusing on keyword intent and strategic placement throughout your content is far more beneficial than keyword quantity.

Fact: Research relevant keywords related to your target audience and their search queries. Use those keywords naturally within your content, focusing on providing informative and engaging information that fulfills user intent.

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Related: Ultimate SEO Guide On How to Get 100,000 Visits Per Month From Google

Myth 2: Meta tags don’t matter anymore

While meta tags may not hold the same weight they once did, they’re far from irrelevant. Title tags and meta descriptions are like billboards for your content, serving as the first impression users see in search results. Compelling and informative meta tags can significantly improve click-through rates (CTR) and user engagement.

Fact: Craft clear, concise, and keyword-rich title tags that accurately reflect your content. Similarly, write engaging meta descriptions that entice users to click. Keep your title tag under 60 characters and your meta description around 160 characters to ensure they display fully in search results.

Myth 3: Social media directly influences SEO rankings

Social media shares and likes don’t directly translate into higher search rankings. However, social media plays a vital role in online visibility and brand awareness. Strong social media engagement can drive traffic back to your website, indirectly contributing to SEO by increasing user engagement and potentially influencing click-through rates.

Fact: Utilize social media platforms to share your content and connect with your audience. Encourage social media followers to share your content further, expanding your reach and driving more visitors to your website.

Myth 4: Backlinks are no longer relevant

Backlinks, or links from other websites to yours, remain a cornerstone of SEO. High-quality backlinks from reputable websites act as a vote of confidence for your content, signaling to search engines that your site is trustworthy and authoritative. This can significantly boost your domain authority and improve search rankings for relevant keywords.

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Fact: Focus on acquiring backlinks from relevant websites within your niche. Create high-quality content that others will find valuable and link to naturally. Avoid spammy link-building tactics, as they can actually harm your SEO efforts.

Related: 9 SEO Tips to Help You Rank No. 1 on Google in 2024

Myth 5: SEO is a one-time effort

If you think you can optimize your website once and reap the benefits forever, think again. Search engines constantly update their algorithms, and SEO is an ongoing process. To maintain strong search rankings, you need to stay on top of SEO best practices.

Fact: Regularly update your website content with fresh, informative, and engaging material. Review your keyword strategy periodically and adapt to changes in the search landscape. Stay updated on the latest SEO trends and best practices to ensure your website stays relevant.

Myth 6: Mobile optimization doesn’t matter

With the majority of web searches now conducted on mobile devices, having a website that’s optimized for mobile browsing is no longer optional. Search engines prioritize mobile-friendly websites in search results, ensuring users have a positive experience when accessing your content.

Fact: Make sure your website has a responsive design that adapts seamlessly to different screen sizes and devices. Ensure fast loading times and easy navigation for mobile users.

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Myth 7: Paid advertising can replace SEO

While paid advertising (PPC) can be a valuable tool to drive immediate traffic, it’s not a replacement for SEO. The benefits of SEO are long-term and sustainable, with organic traffic continuing to flow to your website even without ongoing ad spend.

Fact: Develop a strong SEO strategy alongside your paid advertising efforts for a well-rounded digital marketing approach. Organic traffic can provide a more cost-effective source of website visitors in the long run.

Myth 8: Focusing on local SEO doesn’t matter if I sell online

Even for e-commerce businesses, neglecting local SEO can be a missed opportunity. If you have a physical location or offer local delivery, optimizing your website for local search terms can significantly increase your visibility to potential customers in your area.

Fact: Claim and manage your Google My Business listing to ensure your business information is accurate and up-to-date. Utilize location-specific keywords throughout your website content and target local search queries.

Conclusion

Staying informed about SEO best practices is crucial for optimizing your website and achieving success in the digital marketplace. Don’t be swayed by outdated myths or quick-fix SEO schemes. Focus on creating high-quality content, building a strong backlink profile, and staying updated on the latest SEO trends.

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Most Employees Are Secretly Using AI Tools At Work: Report

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Most Employees Are Secretly Using AI Tools At Work: Report

Most people are using AI at work, whether their bosses know about it or not. Meanwhile, company leaders are simultaneously looking for non-technical talent with AI skills.

A new joint report from LinkedIn and its parent company Microsoft released Wednesday revealed the almost contradictory state of AI at work, as employees discreetly use AI tools and employers seek out candidates with those skills without the majority investing in internal training or tools.

The survey took in responses from 31,000 people across 31 countries between February and March drawing from research that Microsoft conducted with its Fortune 500 customers to add an employer dimension to the survey.

Company leaders showed in the survey that they overwhelmingly favored job candidates with AI skills, even non-technical talent that could use generative AI like ChatGPT.

In the report, 66% of the leaders stated that they would not hire someone who didn’t have AI skills and 71% said that they would probably hire a less experienced candidate with AI skills over a more experienced one without them.

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Related: These 4 Words Make It Obvious You Used AI to Write a Paper, According to New Research

Despite employer demand for AI knowledge, lower percentages have provided AI training (39%) or invested in AI tools (45%) for employees.

Regardless of whether employers provide training, more employees than ever have adopted AI tools and are reaping the productivity benefits, even as they fear losing their jobs to the technology.

Three in four knowledge workers, defined in the study as employees who work from a desk, use AI to help get things done at work. The main reason 90% of these respondents reported using AI was to save time.

About half of the group (46%) that use AI recently started using it, within the past six months, and the majority of them (78%) are using AI tools at work “without guidance or clearance from the top.”

At small and medium-sized companies, the percentage of workers taking this “bring your own AI” approach is even higher: 80% of employees use AI discreetly, without a go-ahead from higher-ups.

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The trend applies across generations — 73% of boomers and 85% of Gen Z reported using AI tools not provided by their companies.

Related: JPMorgan Says Its AI Cash Flow Software Cut Human Work By Almost 90%

At the same time, about half of the employees (45%) said they were worried that AI could replace their jobs.

Companies, like $7 billion “Buy Now, Pay Later” Klarna, have indicated that AI would pick up the responsibilities of laid-off workers. Klarna stated in February that its AI chatbot “is doing the equivalent work of 700 full-time [customer service] agents.”

The reason why employees are turning to AI tools, despite fears of AI replacing them, could be that they are dealing with higher workloads. The majority surveyed in the report (68%) stated that they find it hard to keep up with the amount of work they have to get done. Nearly half (46%) report feeling burned out.

“The data is clear: People are overwhelmed with digital debt and under duress at work— and they are turning to AI for relief,” the report reads. “The opportunity for every leader is to channel this momentum into ROI.”

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