If you are just starting out, here are the niche building posts you’ve missed so far (you can find more information in my Guide to Niche Blogging Section as well):
In this post I am going to talk about monetizing your niche site. Way back in the beginning, I was talking about all kinds of ways you can make money from a niche site:
- Product Referrals
- Selling Product
- Email List
- Online Course
I wanted to make certain I picked a niche where I could spread my risk. By this I mean I don’t want to put all of my earnings into just one area. I originally had a good idea for a topic, but realized there wasn’t a way to monetize it other than Adsense. I have no issue with Adsense, it’s just that I don’t want to rely on it solely for income. With Google constantly changing algorithms, there is too much risk there for me.
The topic I did choose allows for a huge potential in referral income. I could even work out a membership, if I so choose. At this time, I don’t see me going that route, but I never rule anything out.
I started with Adsense from the start. I have had a good run with it so far. In fact, in the few short months I’ve had my niche site, I’ve earned more from Adsense than I did from my first year with this blog! Now, before you get all excited, it isn’t enough for me to quit working and but my own island, but I am happy that I have started to bring in revenue.
Next, I signed up for ClickBank and have placed some of their advertisements on my site. I have not had a sale from one yet, however, I am getting clicks, which is another great sign.
The only issue I am running into is other affiliates. Without giving too much detail, I want to create a review section on the niche site and then have an affiliate link there for purchases. I have found that these businesses that I am interested in working with are not interested in my “new” blog. I tried to explain to them that I currently run another blog (this one) that I built up and earn affiliate income from, but they are still not interested. I am going to have to just create the reviews with non-affiliate links and re-submit in a few months and hope they change their minds.
The final area that I am working on in terms of monetization is an email subscriber list. I want to offer a free guidebook with sign up. That means I need to write the guide! I have the layout complete, it’s just a matter of finding the time for writing it!
Overall, there are many ways you can monetize a niche site. I have chosen the few that I think work best for my niche site. You can use any combination of the ideas listed, I just recommend that you pick a few so that you aren’t relying on just one income stream.