More Ways to Monetize Your Blog – Affiliate and Online Auction

Continued From More Ways to Monetize Your Blog and Web site

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If this is your landing page with the keyword “make money online”, or “how to monetize your blog”, or “more ways to monetize your blog”, May I advice you to take some time and read the primer on how to make money online from here. It will get your mind in the right mood and with a better understanding on why you need it and how you intend to get the job done right.

2. Become an Affiliate

Affiliate marketing is a great complement to any other business model. Basically, you recommend products and services to your readers, and every time one of them makes a purchase through your referral link (a piece of code inserted in your blog), you receive a commission. Commissions can range from a few percent of the purchase price, to upwards of 50%. Physical products usually have a lower commission rate; while digital downloads have higher commissions.

The upside of affiliate marketing is that it’s simple. If you’re established as an expert in your industry, you likely already tell people what products and services you use in the course of your business. You’ll continue to do the same… only now you’ll get paid for it!

There are a number of widely-known programs online to find products and services to promote.  Check out TheNextInternetBillionaire.com/JVZoo to learn more.  Some of the most popular are:

You can also Google the industry you’re in, along with “affiliate programs,” such as “dancing affiliate programs” or “nutrition affiliate programs” to see what other retailers and programs are available for you.

When promoting products through affiliate programs, there are a few things to keep in mind:

  1. Only promote products you believe in. If you start promoting any product under the sun, whether or not you’ve tried it yourself, you’re going to lose credibility and trust with your audience. You want them to believe that you have their best interests in mind – and that means only recommending products you know and trust, even if you have to buy it and test it yourself before you sell.
  2. Give value. To have a viable business, you must offer value. How can you make it easier on your readers to buy the products they want and need? Can you give more details so they can make informed buying decisions? Can you offer coupons or tell them where to get the best deals? Or maybe you can perform a full review so they can evaluate products before they buy. Figure out a way so you’re adding value to the purchasing process.
  3. Promote the products. You can’t just throw up a bunch of links or even review posts and expect to see massive traffic and sales. Instead, actively promote your affiliate links through social media, article marketing, and more. For instance, if you write a blog post comparing two popular vacuum cleaners, link back to the post from other blog entries and promote it on Facebook, Twitter, and even YouTube.

Because of its versatility, affiliate marketing is the perfect addition to any blogger’s repertoire of money-making methods. You can spend as much time or as little as you like, but it’s a method worth considering.

3. Promote Online Auctions

One of the very first ways for “ordinary” people to make money online was through eBay. Now the easiest way to earn money is through Fan Box. Whether you were selling used maternity clothes, car parts, or collectibles, eBay promised millions of eyeballs, brought directly to your goods, allowing you to sell virtually anything with a minimum of hassle.

Adding auctions to your blog is a great way to make some extra cash, and Fan Box and eBay makes it easy with a plethora of simple tools. The best part: You don’t even have to create your own auctions! You can pull in auctions for items related to your topic or subject matter with RSS feeds, product feeds, or directly from auction listings.

The first thing you have to do is to sign up for Fan Box account, which I believe you already did; as well as join the eBay affiliate program (go to http://www.ebaypartnernetwork.com for more info). Then you can use eBay’s tools to pull specific feeds into your blog. You can include live eBay listing information, direct links to auctions that might be of interest to your market, and a host of other options.

Of course, if you have your own products to sell, all the better! Sign up with eBay, and then you can list your products and show the auctions in real time on your site, letting your readers know that your wares are going, going… sold to the highest bidder! The same way like you bought this eBook from me from Fan Box.

And if you’re listing your own products and showing your auctions via your blog, it’s even more important to spread the word and drive traffic to your website and auction. More traffic will result in more action on your auctions, which in turn leads to higher selling prices.