Powerful Ways to Monetize a FINANCIAL Blog

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If you run a financial blog, then you have plenty of options when it comes to monetizing. You also have the likelihood of making the most compared to blogs in different niches, as readers are actively looking to better their financial situation. Let’s discuss some of the most powerful ways to monetize your financial blog so that you can make an income. Before we talk about the different methods to monetize your blog, remember that nothing worthwhile comes easy. Make sure you put in the effort to grow and optimize if you want to see results. If you can be patient and work hard, you will achieve your goals.

6 Powerful ways to monetize FINANCIAL Blog

1.Forex Affiliate

Signing up for a best forex affiliate program is one of the most lucrative ways to monetize your financial blog. Not only are you bound to make more money per sale, but you are promoting something which helps readers to make more money. If you can manage to find an affiliate program that is legit and can help your readers make money, then you will have a steady flow of income. People who are serious about changing their financial situation will purchase what you have to offer if it’s legit. Make sure to pick a program that works for you, and you should be ready to make serious cash flow. Some programs allow you to make upwards of $1,000 per referral, which is impressive when compared to other affiliates programs.

Also Read: Understanding Affiliate Payouts in the Forex Trading Industry

2. Google Ads or other platforms

Powerful Ways to Monetize a FINANCIAL BlogIf you get traffic on your page, then chances are you can make decent money from placing Google Ads. Even though this method isn’t as lucrative as affiliate marketing, it’s still an excellent way to make some extra income from monetization. We recommend you wait until you get around 5 to 10k visitors a month, as there is no point in placing ads before you reach that threshold. Since financial blogs have a higher CPM (cost per thousand impressions), you can expect to make $5 to 10 dollars per CPM. So if you get 10k visitors a month, you can make an extra $100 a month, and the number increases as your visitor’s number go up.

3. Amazon Affiliate

We recommend you promote low ticket products as well since some of your readers might not have the money to purchase high ticket products. You can use the Amazon Affiliates program to promote books and other resources, which will allow you to generate more revenue from your blog. Many financial blogs have a link that reads “book recommendation,” where they have Affiliate links directing them to the books recommended. Please keep in mind that the books you pick need to provide readers with some value. The small ticket products you recommend should allow you to gain trust and eventually get them to purchase high ticket products. You can expect to make around $500 to $2,500 a month from small ticket affiliate marketing.

Also Read: Top 10 Best Affiliate Programs to Make Money

4. Sell Courses and E-books

Once you have managed to gain your reader’s trust, you can go ahead and create a course or e-book which helps readers. Many bloggers have courses which allow the readers to learn online. Online courses are becoming a very good way to monetize blogs especially when you are running a financial blog. Before you create a course, we recommend you create an e-book and see how it does.

Creating an e-book will allow your readers to truly see how knowledgeable you are, once they can see you have the knowledge they will trust you with a higher ticket product. Before you create an e-book , make sure that you gain your reader’s trust by writing high-quality blog posts. Writing a high-quality post is one of the most important things when it comes to earning your reader’s trust. No one is going to buy your course or product if you can’t provide them with free quality information. Many successful bloggers make upwards of $100,000 a month from course sales and e-book sales.

5. Start writing sponsored posts

Once you have a decent-sized following, you can write sponsored posts. A sponsored post is when you talk about a company and its services on your blog post, and in return, the company pays you a lump sum amount. Many people who blog for a living tend to make a decent income from sponsored posts. Make sure that you have at least 20 to 40k visitors a month before you ask for sponsored posts.

You need to provide the company with enough value so that they keep coming back, it’s much better to have a company that is paying you regularly to write sponsored posts rather than a one and done deal. Please make sure to only work with companies that resonate with your blog. You don’t want to be someone who advertises heavily on your blog, as this can lead you to lose readers.

6. Sell coaching services

You can make a decent income from selling your time, and by helping your readers one on one. People will pay a pretty penny to talk about financial situations, and to gain some knowledge. You can monetize your blog by offering them coaching. Most bloggers do thirty to sixty-minute Skype calls, which they can charge upwards of $500 an hour. You have to be very well known in the industry before you can charge such amounts, so build your blog before you offer coaching services.

Final verdict

There are plenty of ways to monetize your financial blog; these are some of the most sought-after methods. Please remember that it takes time and effort to have a blog that generates decent revenue every month, so take your time and work on writing good quality posts. The income will come, focus on providing value every time you write a post. You can start by doing affiliate marketing, and eventually try out different methods listed. Forex affiliate marketing is one of the best ways to monetize your blog, even if you recently started your financial blog.

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