5 Income Streams to Make Money Blogging [How I Make $300 a day]

5 Income Streams to Make Money Blogging [How I Make $300 a day]

More than a third of bloggers make less than
$500 a month and only about one-in-ten make more than one hundred grand a year. In this video, I’m sharing my five favorite
income sources that have helped me crack that six-figure payday in the last year. I’ll show you exactly how to make money
blogging, how much you can make and reveal the secrets I’ve learned over the last six
years. We’re talking making money from a blog today
on Let’s Talk Money. Beat debt. Make money. Make your money work for you. Creating the financial future you deserve. Let’s Talk Money. Joseph Hogue with the Let’s Talk Money channel
here on YouTube I want to send a special shout out to everyone in our community, thank you
for taking a part of your day to be with us. If you’re not part of the community yet,
just click that little red subscribe button. It’s free and you’ll never miss an episode. I’ve been blogging or working for bloggers
for over six years now. I know too well the frustration that comes
with not making as much as you thought you would. But once you learn how to make money, the
best income sources and how to grow…the money pours in. Since 2013, I’ve built my online business
to over $10,000 a month, that’s more than $300 every single day 24/7. It’s given me the freedom to spend more
time with family, to travel wherever we want and to shrug off that crushing burden of paycheck-to-paycheck. My blogs make money from seven different income
sources but I want to show you my favorite five, the easiest to set up and that will
start paying out fast. I want you to feel that same financial freedom
and to be able to take control of your money. In each of these five blogging income sources,
I’ll show you exactly how to get started, how to grow your income and how much you can
expect to make. Our first blogging income source is affiliate
marketing. This is where you partner with a company and
then put a link on your site to their product or service. If someone clicks through the link and makes
a purchase, you get a commission from the sale. Affiliate marketing is a great income source
because you don’t have to create a product yourself, you’re just marketing an existing
product. The company might have some brand recognition
so people already know something about the product, there’s a little of that trust
already there and there are ways to set this up so people have basically already made up
their mind to buy when they reach your blog. I average about $3,500 a month on affiliate
income which makes it just under a third of my total income. That’s pretty common for affiliate income
to be a big chunk of a blogger’s total income. Until you put together your own courses or
products, these are some of the easiest income sources to start. And getting started is really easy. You can go to sites like CJ Affiliate and
ShareaSale which are called affiliate networks. Companies sign up on these sites to list their
products and bloggers sign up to pick which companies they want to advertise. Once you’re signed up to the site, you sign
up to any individual company programs that fit with your blog topic and get the links
that you’ll include in your blog posts. You can share your link in a blog post, on
social media or you’ll even get ad boxes you can put in the margins of the blog. When someone clicks on a link, they get an
identifier on their computer so even if they don’t buy right away, you get credit for
any purchases made. The company tracks the purchases and sends
commissions to the affiliate network which passes the money on to you in one check each
month. So the process of affiliate marketing is extremely
easy but I want to share some secrets I’ve picked up that will make you successful and
help you make more money. First is that you can’t just drop your affiliate
link in anywhere and expect people to click on it. You can put it in any post and I’ll show
you how to do that but there are two types of articles that will account for the majority
of your affiliate income. These are list posts and affiliate reviews. List posts where you either compare lots of
products in the same category, for example 10 best smartphones, work well because you’re
giving people a choice. You’re making it easy for them to compare
and by the time they’re done reading, they’re more likely to have made a decision and are
ready to buy. Another type of list post is where you list
out resources or ways of doing something, for example 10 ways to make passive income. These work well because you can refer to multiple
affiliate links and they’re not mutually exclusive so a reader might actually click
on a couple of those links and you can get multiple payouts. The other type of post that works really well
is the affiliate review. This is where you talk about one affiliate,
give the pros and cons of the product and just really go into detail. These work well because anyone reading the
post is probably far along in that buying decision where they know they need a solution
and they’re close to buying something. Now rule number one for affiliates and doing
your reviews is always to try the product first yourself and only review ones that you
feel good recommending to your readers. Blogging is a long-term business and it does
no good to ruin your blog short-term by recommending shoddy products. Now I say that those two types of posts are
going to be the bulk of your affiliate income but you don’t want to ignore your other
posts. Every post on your blog should have a purpose
so if you’re not trying to get people into your email list or use one of these other
income sources, then you should try finding a way to fit an affiliate into the conversation. The idea here is that you never really know
which posts are going to take off and bring in viral traffic so you want each set up to
be doing something to either grow your blog or make money. Now this doesn’t mean just dropping in a
sentence and an affiliate link. You’ll want to add in a couple of paragraphs
to talk about how the product fits with the article topic and how it solves a problem. It doesn’t have to be a full review but
you need to weave the affiliate seamlessly into the post to make it natural. Our third secret to affiliate success here
is to concentrate on a few affiliates that really fit well with your blog and your audience. I make money on over 30 affiliates but the
top five account for 80% of my income from the source. It doesn’t mean that you can’t try out
new affiliates or that other 20% isn’t worth going after but you want to spend most of
your time concentrating on those few that really resonate with your audience. These are going to be the ones you’ll do
reviews on, you’ll add to list posts and even take the next step in creating a buying
funnel. And that’s a trick that very few bloggers
are using but works wonders is to set up that buying funnel for each of your best affiliates. So we already know that people don’t just
click on a random link and buy a product. In fact, old marketing rules used to say that
somebody needs to see a product as many as seven times before they’re ready to make
a decision. This is where buying funnels come in and it’s
a brilliant idea to keep people focused and convert more of those casual readers to an
affiliate or even one of your own products. The way a buying funnel works is you bring
a reader in through a post, so maybe talking about a problem or maybe through one of those
comparison posts. Within that post, you offer a free handout
or checklist that relates to the problem. When they go to download the handout, they
get put on a special email list. Now this isn’t your general email list but
a special one that sends out a series of emails specific to that problem related to the affiliate. Since it’s super-specific like this, it
speaks directly to that reader and their need. Over the next two or three emails, you can
talk about how you had the same problem and how you solved it with this particular affiliate. These buying funnels are great because they
build that relationship with the reader, they give you time to demonstrate how the affiliate
solves a problem and the need. You might get one-in-fifty people that read
your affiliate review to click through and make a purchase. With these buying funnels, I’ve seen it
as high as one-in-ten. They’re more work because you have to put
together that email magnet and the email series but they work wonders in making those sales. For your email provider, you’ll need a service
that can separate subscribers into different lists and email sequences. I use ConvertKit for exactly this purpose. The email provider makes it extremely easy
to set up buying funnels, segment your readers onto those lists and track the results. I’ll leave a special discount offer for
ConvertKit in the video description below. I’m going to share those other four blog
income sources next, one that is easily my favorite passive income source, but if you’re
just joining us, this is actually the fifth video in our start blogging series. I’m putting together a complete blogging
plan from getting online to getting easy traffic through social media, all in this free video
series so make sure you check out the link to all five videos in the description below
the video. If you want a quick checklist of everything
we’ll be talking about in the series, I’ve left a link in the video description below. I’m posting the videos over the next two
weeks but you can get that checklist with everything you need right now. This next blogging income source has huge
potential and just one deal can mean a five-figure payday through sponsored posts and being a
brand ambassador. There are a couple of levels here from just
writing a post about a product and getting a flat fee to actually representing a company
in videos. It’s really that next level of business
for your blog. We’ll talk about the different kinds of
sponsorships from the easy sponsored posts where you’ll make from $150 to $500 or more
just for writing a post all the way to the brand ambassador deals that can net you thousands
for a series of posts. I average about $2,250 a month on sponsorships
though it’s really been growing through the YouTube channel and the inclusion of video. So one type of sponsorship is just a simple
one-off post that includes a link out to the sponsor. These are pretty easy to get and can add some
solid income for your blog but there are a few things you want to remember. First is that you don’t want to accept just
any sponsored post for your blog. You’re going to get emails daily from people
that want to link back to their casino site or payday loans. Link to those kinds of sites from your blog
and it’s going to hurt your Google rankings so you want to keep the same rule here as
with affiliate posts. Don’t link out unless you can feel comfortable
recommending a site or product. Related to that is the price you charge for
sponsored posts. A lot of those spam sites will ask to pay
as little as $25 and then act indignant when you tell them your rates. Screw that! It’s your blog and anyone that wants a sponsored
post needs to respect your site with a reasonable rate. I would recommend starting at $100 for a new
blog and then raising it as your blog grows. Rates should be for a one-year link so they
either renew the post or it gets deleted after the year. The real money in sponsorships though comes
from those bigger brands and companies you can represent. This means building your site and your authority
in the topic first but sign these deals and it’s usually for a thousand dollars and
up. While most sponsored post opportunities will
come to you, brand deals are something you have to seek out yourself. Create a customer profile of your typical
reader, where they shop and what they buy. From this list, you can start to get an idea
of the brands and companies that might be willing to work with you. You can also go to conferences related to
your niche, or just look on the conference website, to see which companies are sponsoring
the conference. Then you’re going to create what’s called
a media kit or a one-sheet. This is what you show potential advertisers
so it’s going to include any demographics you might have on your site visitors, you
get this from Google Analytics, it’s going to include how many followers you have on
each social media platform as well as email subscribers. You can put on there any statistics you have
from prior brand deals or affiliate posts like average views per post, clicks and customer
conversions. Another must-include that most bloggers miss
are to highlight some of your Google rankings for keywords related to that specific company’s
product. When you’re negotiating brand deals, try
to sign for multiple months or posts. The work you put in on a brand deal is considerably
more than sponsored posts because you have to get familiar with the company’s products
and how to promote them. You’re going to be integrating mentions
into social shares and posts and even videos so this isn’t something you want to do for
a one-time post. I usually pitch a three-month sponsorship
for brands or at least a three-video package. The fee you can charge for brand deals really
depends on your reach and popularity as a blogger. For example, since my blogs are fairly small,
I’m charging around $350 per post for long-term sponsor packages. For the YouTube channel though, I’m getting
between $500 and $1,000 for each video. Understand that these aren’t something that
you might sign every month but when you get a deal, it can be a few thousand over a couple
months. One thing I want you to remember while we’re
talking about these ways to make money blogging is that you need to diversify your income
across multiple sources. You’ll see that none of these single sources
are probably enough in itself but put them all together and you can easily build a six-figure
income. In fact, in a survey of bloggers I did in
2018, the average blogger earned money from four sources. Most made money from affiliates and sponsored
posts with just under half using pay-per-click ads and one-in-three also doing some freelancing. Courses, books and membership sites also made
the list of most popular income sources. Now everyone in the community knows I’m
a big believer in our next income source, self-publishing. This is easily my favorite passive income
source and can add thousands to your blogging business. Here what I want to show you is not only making
money with self-published books but also using printables for the quick win. Self-published books are a natural fit for
bloggers and I average just under $2,000 a month on ten books, so about $200 per book
each month. So while your books will be longer, around
150 pages, and sell on Amazon, you can also put together quick one- or two-sheet checklists
and guides to sell as quick printables. These printables are great as what’s called
tripwires. This is when someone signs up for your email
list and are immediately redirected to a landing page to sell a special printable for a few
bucks. They’re already in that ‘yes’ attitude
from signing up for the email list so if you can offer them a good deal on a printable,
this can easily add a few hundred to your bottom line. Now I’ve shared my self-publishing strategy
on the channel before and I’ll link to that in the description below. You want to write each chapter out individually
and put it up as a blog post. This not only keeps you on track to publish
but each of those posts becomes instant marketing for your complete book with a link to Amazon. The fact that the chapters are there free
on the blog isn’t an issue because your book might only be $4.99 on Kindle so people
are paying for the convenience having it all together and maybe some extra content. The biggest thing with self-publishing is
just to put it on your schedule and get started. Most bloggers overcomplicate it with months
of research and worrying that they just don’t know enough about the topic. Believe me, if you’ve been blogging about
something for more than a few months, you’ve become an expert in it. Break your book into manageable chapters,
do a little more research for each but get it done and get published! I sell about 60 copies of each book each month
so that’s totally achievable for anyone. You’re going to get some sales from the
links on your blog and you can set up a couple of Amazon ads to spend maybe $20 a month. This is enough to keep your books ranked and
make it completely passive income so you don’t have to do anything but write. Work it into your schedule and you can do
three or four books a year. That alone is going to add another $800 a
month to your blogging income. Again, I love self-publishing because it’s
one of those income sources that starts paying out right away. That’s going to give you the motivation
to keep blogging so you can reach those higher paydays because the fact is, most bloggers
quit before they start making any real money. In that survey I did, almost four-in-ten bloggers
reported making less than $500 a month. Build your online business though and use
the income sources I’m sharing here and you can break into that group of one-in-five
bloggers that make more than $5,000 every single month. Our next blogging income source is a great
one for creating recurring income you collect every single month and very few bloggers take
advantage of it. Membership sites are separate from your free
blog and charge a monthly fee for people to access extra content, forums, downloads or
groups. The great thing about membership sites is
that its recurring income. I’ve seen sites charge from $15 to $99 a
month for access. I charge $49 a month for a private self-publishing
website and usually have between 20 and 25 members on average. There’s some turnover, so for something
like my membership site, people usually stay in it for three to six months but I’m always
getting new members as well so it’s between a thousand and twelve hundred dollars a month. The sites that really make money are the ones
with a longer member lifespan, the ones that can keep members engaged for years. The first step to setting up your own membership
site is to hang out on a couple to see the extra features you get, how the owner engages
members and the interactions. This will help see how things are run and
maybe what you can bring to your site that adds value. While the membership site looks different
from your blog, you don’t need a new site. You set everything up through a plugin for
example memberpress or membermouse. These plugins will give you ability to have
different membership levels for pricing levels, let you protect downloadable content, enable
ecommerce features if you want to sell products like pdfs or courses beyond the basic levels. You can also drip content out so members don’t
binge everything available then leave. Membership sites can be extremely easy to
set up but there are a few tips you can use to keep your members engaged and make as much
money as possible. First is you have to make the site about more
than just the content. People can get that anywhere for free. Membership sites are about your story, helping
members achieve your success and being engaged in their journey. Create group challenges and events to keep
people engaged and make it a tight group atmosphere. You can even offer small prizes to those participating
in the challenge for incentive. This is going to make the site a social platform
as well as a place members go for the content. This next income source, your own courses,
is one of the biggest opportunities for bloggers. I just launched my first course late 2018
and average twelve hundred a month but I know bloggers that have hit the jackpot on their
courses. I know Pat Flynn does over $40,000 a month
on his podcasting course and Michelle from Making Sense of Sense has made over a million
dollars in two and a half years on her course. The money is definitely there but I think
a lot of bloggers get hung up somewhere along the way to launching a course. Maybe they think it has to be hours and hours
and too detailed or they get caught up on the marketing they need to do. Like anything else, blogging or otherwise,
you just need to make a commitment to get started. You can do this if you take it in chunks,
put it on your schedule and just get started. The thing that surprises most people about
courses is they don’t have to be hugely detailed or intense. I’ve seen courses that were as simple as
a 30-page workbook and maybe an hour of video. I think this was one of my biggest mistakes
with my first course. It ended up being over six hours of video,
I have spreadsheets and handouts and all kinds of stuff in there. A great course doesn’t need to be that long. In fact, you can set this up just like you
do self-publishing. Think about a transformation you want to deliver
to your students then work backwards through the steps they need to take. Focus on a very specific, niche idea so maybe
it doesn’t take more than a few hours of video instruction and some materials to get
them from point A to B. For ideas, you can look at books on Amazon
or other video courses on Udemy. Doing your videos can be as simple as a screenshare
with the help of any video editing software like Adobe Premiere or Camtasia which is the
software I use for all my videos. There’s a learning curve to it but nothing
with the potential to make you thousands a month is going to set up overnight. Once your course is done, I recommend Teachable
to host the videos and collect payments. The platform makes it easy to manage students,
promote your courses and even set up affiliates so you can get other people to sell your course
for you. Teachable is offering a free webinar on creating
and selling your course that includes some great tips so I’ll link to that in the description. If you haven’t joined the community yet
here on Let’s Talk Money, click that subscribe button because our next video is going to
make sure you avoid the biggest blogging mistakes I’ve seen in six plus years. If you want a quick checklist to getting started
blogging, everything we’ll be talking about in the series, don’t forget to click through
that link in the video description below. We’re here Mondays, Wednesdays and Fridays
with the best videos on beating debt, making more money and making your money work for
you. If you’ve got a question about money, just
scroll down and ask it in the comments and we’ll answer it in a video.

20 thoughts on “5 Income Streams to Make Money Blogging [How I Make $300 a day]

  1. Great video! I started a blog. Its clever perceptions dot com. Is no where to established but I have a couple blogs so far

  2. Good video today. ?

    Some affiliates work better than others. I have tried many affiliates and the audience only responds to a few of them.

  3. Want to know the income source that is more than a third my online income? Don't miss this Free two-video series on creating an affiliate marketing funnel that helped me 4X my monthly income! ? https://youtu.be/X9GdkSCtb9g

  4. $300 a day is crazy! But you deserve every penny of it. Your content is truly one of the best. Keep it up!

  5. Way to put in the work and then stick with it, you deserve all the success you've achieved and more! I know how grueling creating consistent content can be, how did you stay motivated?

  6. I know this is probably off topic on this video but i clicked on to ask if its even possible to invest in a stock with $100 or less

  7. I was feeling pretty lost until I noticed that this was the fifth in the series. Now to watch the first…

  8. So good again and so much detail. The survey of blogging income was interesting, I didn’t think it would be so spread out.
    I’m going to start building up the affiliate links this week and I need to start capturing email addresses (next week). Have you done a video on Convertkit?

  9. Thanks for such great content Joseph! How do you structure the business side of your blogs/businesses? Do you operate as a sole proprietor or other type of business? Thanks again for making such clear and concise content.

  10. What about the Tiny House area and a blog on home building? I am seriously thinking of having a home built and a blog on that subject would be fascinating ?

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