Top 10 Ways to Make Money from Blogging and Social Media in 2021
Let’s discus top 10 ways to make money through blogging and social media in 2021, which are quite similar to 2020. The highest-paid bloggers and social media marketers don’ focus on just one method and often will combine 5-6 different methods or more to bring home the bacon. So, I also recommend multiple money-earning ways through blogs and social media.
- Direct Advertising
The most popular method of making money from a blog is running advertisements in your blog free space. There are various ad networks willing to run ads on your blog for which they pay you for each click or number of people viewing the ad. This has been better in years past but I still bring in a nice check monthly with this and have paid for quite a few nice vacations and a couple of cars through the years through some nice direct advertising. This can bring in cash $$$.$$ when you have the followers.
2. Affiliate Programs
Another very common method to generate blogging income is through affiliate marketing. This has been around since blogging, so we’ve all heard of it. It simply means that you can recommend a company’s product through your blog or social media accounts and generate a potential lead for the company. And each time your users click on unique product links through your blog and/or make a purchase, the affiliate/company pays you a commission $$$. The links are included in the content or banner ads. For social media I don’t like to see this more often than once every 10 posts or so. Don’t overdue it and be honest with your followers. They will appreciate it and appreciate the value you bring.
3. Offer Consulting Services
Today, there’s a big demand for consultants in nearly every niche. If you excel in a particular field, you can easily charge by the hour for the advice you would otherwise give away for free probably. I hint at this in a few of these areas. Consulting is a great way to make money. Make sure you are always professional and be on time and under budget delivering quality on every project. If you can do this you can easily make $80-500 per hour. Top Consultants bring in $200-500 per hour often.
4. Write Sponsored Posts
As your blog grows, you can receive multiple sponsored post requests. When people see your experienced work in a niche, they would happily pay you the demanded rate to get your content on their website. This one gets old for me, but give it a shot. I definitely have cashed in years ago with this, but gave it up.
5. Sell a Product/Service
If you have something interesting to sell, a blog is an effective space to make it an e-commerce platform. Many bloggers use their blogs to sell their products, such as eBooks, virtual courses, images, music, apparels, shoes and more. I think consulting is a great way to go. Start selling your extra hours in a day and don’t price yourself very low. Some consultants are as much as $600 per hour.
6. Dropship Products
If you don’t have the resources to manage shipping and inventory, but still are interested in selling products on your blog, drop shipping is a great way to do this and earn money with minimum risk. I have done this on a variety of items from paintballs to car parts. It can work but takes some time.
7. Write Tutorials
People like doing things for themselves. Online tutorials for any topic today attract a audience. This can be a great way to earn cash $$ as it attracts a big audience getting links and the valuable social shares. You can also either include affiliate links for the products used in your tutorial or promote your own products. Give it a go and cash in.
8. Product Reviews for cash
Reviews are getting bigger by the day as people want an honest review online before buying any product/service. We all know this is true. I am always checking reviews. I want expert opinions of those that have already used the product. Therefore, connecting to the relevant businesses for reviewing their products/services can get you highly paid. This is a fantastic one on Instagram and other social media platforms.
9. Take your expertise offline and consult
You saw how to earn money through blogging online, but that’s not your only option. You can leverage the reputation of your blog and expertise you’ve built to offer other services offline such as taking up projects that clients may offer post seeing your work on your blog. You can display and promote your work on other platforms like Quora and LinkedIn.
10. Sell Your Blog
This may sound odd, but selling your blog for a considerable sum is a real possibility if you have a strong following, popular brand, and valuable content. Tired of logging, then time to cash in and sell that site!