If you blog, then you would want to make some money from it. Generally, people start blogging to make money with some exceptions. The point is that if you start monetizing your blog right away, you are not going to get any real benefit from it. As you already know, you have to time everything to perfection to make money. The same stays true for monetizing your blogs. You have to do it at the right time; otherwise, you are not going to get any real benefits from all your efforts.
So, when is the best time to monetize?
The foremost thing that you need to put in your head is to wait for the blog to mature. If you will start monetizing your blog right away, you may not attain the status of a quality blog. Generally, readers do not tend to like blogs that are not an authority and have advertisements all over. However, readers will be happy with the advertisements if your blog is considered as authority within a niche.
Another approach to monetize the blog is to begin right away. Though many internet marketers criticize this approach, it still has some fans. The real problem with this approach is doing a lot of homework before starting anything related to monetizing. You have to have two things working for you to apply successfully this strategy.
- Targeted traffic
- High conversion rate
If your blog is not getting targeted traffic and high conversion rates, then you will waste time and money by monetizing it at the beginning.
The basics of monetization:
Before you follow any of these strategies, you should follow some basics. You have to start with training your readers. Remember, trained readers will give you more money from your monetizing efforts. Training readers simply means making them understand that making money from blog is important. You do not need to be apologetic. However, you have to tell them that you need to make money as you are devoting time and effort to your blog. You can write an occasional blog post about that. It will work for you most of the times.
More importantly, you need to learn your market before you can get anything out of your monetizing efforts. Knowing the market will help you understand your readers and will help you target them even better. Moreover, you will be able to place ads at better spots. At the same time, you will be able to find the right mix of monetizing methods if you know your market.
Another important thing is not to get greedy. Many bloggers only think about making money from their blogs. However, greed can ruin all your efforts. You will not use your energy in the right direction, as it will be under influence of your greed. You have to ensure that your focus is on providing quality content to the readers. Once you do that, you will automatically make money from your monetizing efforts.
Follow these tips and you will do great no matter what monetizing approach you have chosen.