When Should You Start Monetizing Your Blog? - DailyBlogTips |
| When Should You Start Monetizing Your Blog? Posted: 24 Oct 2013 09:29 AM PDT "At what point in the progression of developing and managing your blog is it best to try to monetize?" One DailyBlogTips reader asked this question in our current survey (closing tomorrow, so please get your responses in now!) It might well be a question that you have too, if you're hoping to make money from your blog. And for most bloggers, the answer is sooner than you think! In fact, it's a good idea to put as much thought as you can into monetization before you even launch your blog. If you want to make money, you need to see your blog as an integral part of a business, and you need a clear plan for how your business will make money. You also need to think about how this will fit in with your blog. It's a good idea to set reader's expectations from day one. Even if you know you're unlikely to make money in your first couple of months, make sure readers understand your blog isn't just a hobby. (If you train them to think everything will be free forever, you may struggle to get their money when you do monetize!) Depending on your monetization method, you might:
… and so on. Of course, most bloggers accept they won't make money from day one. You do need to get your blog online, write posts, and create something truly valuable for readers. But that doesn't mean you need to wait to think about monetization until your blog's been going for months (or even years). If you haven't launched your blog yet, make sure you spend some time thinking about how it will generate revenue for you. Advertising and affiliate links are popular and easy to get started with, but you might find it's actually a lot faster to make money by offering a service or product. If your blog is still quite new, make sure you prepare readers for any monetization that's going to happen soon. For instance, you could throw in the occasional mention of the ebook you're working on. If your blog is well established, don't hold back on monetizing because you're afraid of readers' reactions. You may get a bit of a backlash, but most readers will be accepting and even encouraging – especially if you monetize in a way that's a win-win for you and for them.
Next week, I'll be writing about ways to monetize a new blog, so stay tuned for that. If you've got any great tips or lessons learned, add them in the comments and I'll pick some of the best to use in next week's post.
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