You must know that blogging has become a new business trend. Bloggers are earning millions of dollars from what was once considered a hobby.
So why not jump on the bandwagon and start earning extra cash? In this article, we have outlined the 7 best ways with which you can make money with a lifestyle blog.
For those of you who do not know what affiliate marketing is, let us tell you that it is a Digital Marketing technique in which you earn a commission by promoting a brand’s products or services.
Affiliate marketing will become worth $12 billion and is bound to grow by 10% in the next few years according to these marketing stats updates of 2021
Display Advertising Spaces
When you are blogging on social media or your website, you can rent out advertising spaces to your clients and earn passive income through that as well. You can set up your advertising models for pricing and details.
You can use a CPA, PPC, CPM model for your packages.
- CPA (Cost per Action): The blogger earns money when a visitor completes the advertisers desired action.
- CPM (Cost per Mile): The blogger receives a fixed amount for the number of impressions on an ad.
- PPC (Pay per Click): Advertiser will pay the blogger every time someone clicks on the advertisement.
Create Sponsored Content
If you have a blogging viewership of millions, a lot of brands will approach you to post some sponsored content on their website. This sponsored content can be something that the brand crafts itself and you only have to publish/endorse it. Or sometimes, brands would ask you to create the content yourself.
Collaborate with other Bloggers and Brands
A lot of brands like to collaborate with bloggers to give them shout-outs or good reviews, and well you get paid as well. So it’s a ‘Win’ ‘Win’ Situation.
What do we mean by collaboration? Let us give you an example, given that you are running a lifestyle blog, let’s say you got a collaboration offer from a company that makes hair straighteners. Now, you can collaborate with them to create original content to promote their hair straighteners.
You can create a small video, you may create a video review, or you may write an article on affordable hair straighteners and add their straightener to the list as well. Compared to sponsored content, collaborative projects require much more planning, process, and set-up.
Sell Your Products
The advantage of having your blog is that you can start a new business and market it on your website. Given that you are a lifestyle blogger, let us say, you started your fashion line.
You can start featuring that fashion line on your blog. Once you have gained followers, you can start a business that resonates with them, it increases your chances of success.
Dropshipping is another rising e-commerce trending business in 2021. For those who don’t understand how dropshipping works? Let us tell you, the only thing you have to do is get sales of a particular product from your blog, the rest of the processing will be handled by the manufacturer or wholesaler.
What is more, you will get your side of the commission just to get the wholesaler an order.
When getting into dropshipping, keep a few things in mind;
- Lower profit margin
- The competition in dropshipping business is intense
- Stock shortages
- Customer service issues
Create Blog Content
Blogging has become a big industry in itself, which means that you can take care of various aspects of blogging, which includes social media management, content creation, freelance writing, graphic designing, ad creation, and designing.
And don’t get me wrong, if you are working for a good blogging company or brand, each position will be a high-paying job!