There are two major types of business models that entrepreneurs
use to make money blogging. The first and most common way to turn a blog into a
profit making machine is to sell advertising to different companies and brands
who want to reach that blog's readers. The second kind of money making blog is
one that helps a single brand improve its image by creating positive
associations between the blog and the product in the mind of consumers. Both
kinds of blogs can make a lot of money, especially if the creator has a keen mind
for marketing.
If you are blogging with the goal of selling advertising, there
are two basic ways that you can go about recruiting sponsors who want to put
ads on your site; you can let someone else do all of the legwork, or you can do
the work yourself and keep all of the revenue.
Within the first group, many people make money blogging by
selling space through Google's AdSense program. The advantages of this program
are numerous, as it requires very little effort on the part of the blogger or
webmaster to begin raking in profits. However, most people discover that they
make less money through this method than they had hoped that their blog would
earn.
Selling advertising directly to companies who want to put
banner ads or sponsored links on your blog can take quite a bit of time, but it
is often fairly lucrative. If you have a lot of contacts in industries that are
related to the topic of your blog, you may want to try to go this route.
People who have a strong background in sales and are experienced
at pitching proposals can make quite a bit of money by renting blog space to
interested companies.
The most serious problem with this model is that you often
have to build quite a sizable readership before you can attract advertisers,
which can mean that you have to do several months of work before you start to
make money blogging.
As blogging becomes a more and more lucrative business, a
lot of established companies are considering how they can get into the action.
One way that companies are capitalizing on the blog movement is by having blogs
that provide a kind of friendly face for their corporation. Often, a company
will employ an established blogger to create a weblog designed specifically to
appeal to that company's customers and to create positive associations with the
brand in consumers' minds. More than one writer who never even dreamed that he
or she could make money blogging has been approached by a company and offered
quite a pretty penny for this kind of gig.
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