Business blogging models
With respect to making money via blogging, there are basically two types of business models used by Web marketers, enterprises and other entrepreneurs to generate money through their blogging activities. The first model, considered the most common method of turning a blog into a profit-making machine, is to sell advertising to different companies and brands that want to reach that blog’s readership. The second model helps a single brand to improve its image by creating positive associations between the blog and a particular product in the mind of consumers.
Both models of money-making business blogs are capable of generating huge sums of money, especially if the blog owner/publisher has a an average to good understanding of Web marketing basics. In other words, it will help a great deal if you are a blog owner/publisher who already know which business model you prefer to employ, based on your writing style, your content type (text, photo, audio, video) and your targeted audience, since this preliminary information will go a long way in launching your blogging business in the most effective manner.
That having been said, if you are blogging with a goal of selling advertising, there are a couple of ways you can go about it. Either recruit sponsors who want to put ads on your site, thereby letting someone else do all of the legwork; or do the work yourself and keep all of the revenue. Opting for the first method will place you among those many people who make money blogging by selling space through Google’s AdSense program. The advantages of this program are numerous, as it will require very little effort on your part to set the stage for income opportunities.
Should you choose the Google AdSense method, however, it is important to understand that the increments of, and frequency of payments you receive may not be as large or fast as you might expect, since most people already participating in this program discover that they make less money through this method than they had hoped their blog would earn. The increments tend to be in mere cents as opposed to dollars; and the frequency could end up being semi-annually or annually, instead of monthly. Keep in mind that the more traffic you attract to your blog and click those AdSense links, the bigger and more frequent your payments are likely to be.
The more lucrative aspect
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 opt for 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; and this can mean that you’ll have to do several months of work before you start to make money blogging.
As blogging became an increasingly lucrative business, many established companies considered how they would get a piece of the action; and one way some companies have capitalized on the blog movement is by having blogs that provided a kind of friendly face for their corporation. A company would often 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 the minds of consumers who they wished to attract as customers.
A course of action option
More than one writer who never even dreamed that they can make money blogging have been approached by various companies and offered substantial sums of money to do blogging for these companies. So think about which money-making model of business blogging you’d prefer to employ in your own space, do your research on the available sponsors, customers and audiences that best suit your blogging method and get started blogging. But don’t expect overnight success, and don’t expect to see huge amounts of money to start rolling in, despite which model you use; because you have to put in the work, time and – in some cases – advertising money for maximum blog exposure, before you can reap the rewards. Good luck!