Assuming you want your blog to rake in cash, you’re going to have to go about it in the right way. Sure, you could probably manage to make a little bit of money here and there simply via advertisement revenue and by promoting certain offers – but this probably isn’t going to bring in the sort of riches that you dream of.
Truth is, if you’re set on making as much cash as you can from your blog, you’re going to need to ensure that you’ve covered all your bases and are tweaked them so that every aspect of your money making process is performing in tip top condition.
How do you do that? Well, the best place to start is to look at each ingredient of a successful money making blog individually:
More traffic normally means more sales. At least, it definitely means more potential customers which in turn means that you should be making more sales than previously. Course, traffic is a very wide topic and there are countless ways in which you could generate it – so what you need to do is pursue as many of these as possible.
While you’re at it you should also be aware that you’re looking for as highly targeted traffic as you can. Using keywords, you should find that you’re able to achieve this well.
2. Conversion Rates
How many of the potential customers that visit your blog actually end up buying stuff from it? In a nutshell, that’s your conversion rate (though it is normally measured as a percentage, i.e. X% meaning X sales per 100 potential customers). Ensuring that your conversion rate is as high as possible is an extremely good idea because it means that you’re going to be taking advantage of more of your traffic.
By capitalizing on as much of your traffic as possible, you’ll be getting the most out of your efforts, and not ‘wasting’ any of the traffic you’ve worked so hard to obtain.
3. Repeat Customers
Having made the effort to clinch a sale with one customer, it would be a crying shame if you simply let them leave and never hear from them again. Seeing as they’ve already bought something from you it means that they are interested in the niche that you’re in, and more importantly – they’re willing to buy products in that niche!
So if you could just take down their details, you should be able to turn them into repeat customers (or at least stand a good chance of doing so).
Yes, we’re talking about list building, though nowadays using things such as Twitter can be just as good. End of the day, the choice is yours so long as you’re able to set up some system whereby you can continue to market to your proven buyers.
If you’re able to take care of each and every one of these key ingredients, you’ll quickly find that you’re able to turn your own blog into a successful money making blog too! None of this is really all that tough, and now that you know what you should be looking at, why don’t you head over to your own blog and see what you can improve!
If you’re tired of barely scrapping by and are ready to finally make some money online with blogging, you need to check out Bloggers Payback: