Make money blogging in 2024 ⎯ times have changed (advice from a six figure blogger) 💸

Summary

This video script delves into the world of blogging for profit in 2023, emphasizing the evolution of monetization strategies. It candidly discusses various income streams, including display ads, affiliate marketing, sponsorships, and digital products, before highlighting online courses as the most lucrative option. The speaker shares a step-by-step approach to building a successful blog, advocating for community building and strategic monetization to achieve financial freedom and a cozy pajama lifestyle.

Takeaways

• 💰 Making money online through blogging is exciting and offers limitless potential if you are consistent.
• 🔍 The world of blogging and its monetization strategies have changed, requiring an update on the ways to make money blogging in 2023.
• 📈 Display ads are a common way to monetize blogs, but they should be considered a bonus rather than the primary income source, especially for new blogs with low traffic.
• 🔗 Affiliate marketing can be a source of income, but it's not recommended as the sole method due to the lack of control over the products and potential for affiliate programs to change or end.
• 📝 Sponsorships can provide income, but they require trading time for money, which may not be ideal for those seeking passive income or more flexibility.
• 📚 Digital products, such as ebooks and templates, are a recommended way to start making money and can be a stepping stone to higher-priced offerings like online courses.
• 🤝 Coaching and one-on-one services can validate your methods and help build testimonials, but they are time-intensive and should be used strategically.
• 🎓 Online courses are the most lucrative way to make money blogging, offering the ability to scale your business without trading time for money.
• 🚀 Starting a blog should focus on launching and creating consistent content to build an audience and email list, rather than perfecting every aspect before launch.
• 🔑 The recommended steps for making money blogging include launching the blog, creating content, exploring affiliate programs, creating low-ticket offers, and eventually developing online courses.
• 🌟 The script emphasizes the importance of community building and email list growth as foundational to successful blogging and monetization.

Q & A

What is the main topic discussed in the video script?

The main topic discussed in the video script is how to make money blogging in 2023, including various monetization strategies and their changes over time.

What does the speaker suggest as the first step to make money online with a blog?

The speaker suggests that the first step is to launch a blog, emphasizing that it does not need to be perfect initially.

What is the speaker's opinion on using display ads for monetization at the beginning of a blog?

The speaker advises against using display ads at the beginning of a blog, recommending to wait until the blog meets the requirements for ad networks like AdThrive or Mediavine, and then treating it as a bonus.

What is the significance of building a community and an email list according to the speaker?

According to the speaker, building a community and an email list is very important because it is more valuable than just traffic, and it helps in monetizing the blog effectively.

What is affiliate marketing and how does the speaker view it in the context of blogging?

Affiliate marketing involves promoting other people's products and earning a commission on sales. The speaker views it as a 'sweet little bonus' but not as the primary monetization strategy due to the lack of control over the products.

How does the speaker feel about sponsorships as a monetization method for blogging?

The speaker feels that sponsorships are not worth the time and energy, especially at the beginning of a blog, as they involve trading time for money and may not be as lucrative.

What are digital products and why does the speaker recommend experimenting with them?

Digital products include ebooks, mini guides, audio downloads, planners, templates, and PDFs that can be sold online. The speaker recommends experimenting with them as they can be a great way to test audience interest and willingness to pay for a topic.

What is the speaker's stance on coaching and one-to-one services as a monetization strategy?

The speaker sees coaching and one-to-one services as a good way to start making money and to validate methods, which can later be turned into an online course.

Why does the speaker consider online courses as the best way to make money blogging?

The speaker considers online courses as the best monetization strategy because they allow for automation of selling and marketing, enabling the blogger to focus on other activities without trading time for money.

What steps would the speaker take if starting a blog today, according to the script?

The speaker would launch the blog, create consistent content to build the audience and email list, sign up for relevant affiliate programs, create a low-ticket offer from a freebie, turn that into an online course, consider display ads later, and continue creating value-packed content and more online courses.

What is the speaker's final recommendation for someone looking to make money blogging in 2023?

The speaker's final recommendation is to focus on creating online courses, as they offer the most lucrative and scalable way to monetize a blog in 2023.