The level of earning also every much depends on how you monetize your blog.There are difference ways to make a living online.Some bloggers solely earn commission from Ebay ,others may monetize their blog for Google Adsense,Affiliate network Clickbank, online store, Amazon.etc.
Basically your earnings from these earning opportunities can be clarified into two types. i.e. Residual Money Earning and Commission Based Earnings.Both are legitimate way to earn money online.Let's find out the difference between residual income and commission based
- Commission Base Earning:This method paid you one time commission of profit.The earning margin is between the difference of the cost of the product. This is a common form of retail business offline.You spend the time online checking,promoting and generating lead in order make your money.
- Residual Income Earning : This form of earning is similar to what people call work once,paid forever.The profit may be small compare to normal commission base earning scheme but it is different in the sense that it is on a continual basis.Note that the money keep rolling in without your involvement.You need more time and effort to build up this type of earnings but once you have set up the income source it well worth for your time.
If you are new blogger,you Shouldn't believe if someone told you"your blog is money".
blogging in most cases is stand between making normal commission and residual earning.
At the very beginning stage ,a new fresh blog is a starting point,like a small plant .It's surely not the place you can earn money from.The essential point is how you growth you blog and turn Your blog to money making machine with time.
You should always bear in mind that blogging itself wont make any money.Affiliate Marketing or Internet Business is making Money.We are using blog to make money.In short we blog for money.And there are many others ways to earn online.Blog is just one of the tool.
Knowing the type of earning
Back to the topic.We all hoping to earn residual income,we know blogging is just a tool and it classified between normal commission base earning and residual income earning. It's very important for us to understand and setting up the long teams and short terms blogging strategics.
3 popular ways to monetize your blog(explained below)
1.Pay Per Click
2.Affiliate Marketing
3.Sell Ads Space
Earn from blog basically can be categorizes into these three methods:
Pay Per Click :You will get paid for all lead , traffic or visitors you send to their sites even if the visitor did not purchase anything you still get paid. The Earnings will range from some few cents to a few dollars.The most typical example for PPC is Google Adsense.
The Truth of Adsense Earning
Most of the time,Adsense earning is another big joke to newbie.You can make money from affiliate program ( via PPC ad network) even your blog is new but not Adsense. You need search engine traffic in order to get those high paid Adsense clicks.You need a lot of SEO to earn online from your blog for your target keyword.Yes .,It's a passive earning but before you reach 1 st page at Google or any others(Bing/Yahoo) search engine results page (SERP).You blog Isn't money.
Question on whether it is worthwhile to invest your time while you're earning nothing?the answer is YES .creating some really good content that will be useful to people,optimize your blog with search engine,getting yourself ranked top for your target keyword .It takes many months to build so it has to be done alongside your existing job before good income starts flowing in. Once you have established your keyword authorities ,your income will grow rapidly.
List of popular CPC advertising networks:
- Google Adsense
- Yahoo! Publisher Network (YPN)
- BidVertiser
- Chitika - Article visit: How to Monetize your blog with Chitika
- Clicksor
Affiliate Programs
When you promoting affiliate programs.They will pay you on either these two ways. Pay per lead or pay per sale.
- Pay Per Lead : Affiliate Merchants pay you on a pay per lead method.This Type Of Affiliate Commission Method pays you just to refer visitors to their site and sign up or just fill a little form either a form that will require their name and email address or that might require more details to fill. The Visitors you send don't need to buy anything before you earn commissions they only need to fill the forms and you earn money for that, at times the earnings are little.Example of Pay Per Lead is selling a credit card, you get once off $XX dollars commission for the sale of the credit card from the company.
- Pay Per Sale : Affiliate merchants pay you a percentage or certain amount of commission based on any purchase the visitors you send to them . The payroll ranging from 5% to 100 % commissions of sales from your lead,traffics or visitors.For example if you sell a antivirus software cost $100,if the affiliate's earning is 10% ,you earned $10 for every software you sold.That can be a lot of money if you manage to sell say 100 software.100X10 =$10,000.If you promote a product that can convert well you might make huge money from traffics you send to them.
Sell Your own Ads Space
Selling your own advertising space is a good earning stream.Nowadays the most popular advertisement banner size for both the publishers and advertisers is 125 x 125 banner size ads.Note that its good earning method if you are having a lot of traffic on your website or a large subscriber list, you can't offer your ad space for selling if your blog is new or low in popularity since no one will buy it after all.
Some of Top advertisement networks
You can directly sell yours or can use other advertisement networks to promote your blog.visit Earn money with Performancing Ads how .
While earning from selling Blog ad space will earn you some extra money.It's not passive income or Residual earning.You paid on monthly basis and the advertisers can stop advertise or funding your blog anytime.
Earning Methods Involved In Affiliate Programs and PPC Pay Per Click
Residual Income Affiliate programs is another great way to earn good money with affiliate marketing.With residual affiliate income you can earn commissions over and over again.A product that has a paid membership site with monthly or yearly subscription such as web hosting, telephone, Internet broadband fee fall into this category.
It's also possible to earn passive income via multi tier affiliate earnings. These affiliate Merchants are called Multi tier affiliate programs, it's possible for someone earning over $200,000 from affiliates by doing nothing via Multi tier affiliate Earnings.Residual overall is becoming a smarter way to do business and requires less effort once set up to maintain…
Residual and non Residual
Both are money earners but after a year the second one is better for the seller of the item,let's take the credit card seller for example; The person who sign up a credit card from you may have that credit card for many years to come.Lets do the Math...
When you sell like 50 credit cards with $40 per lead,with the commission based you have earned $2000 dollar. Good bit of money HUH, well done!…but wait, how about residual earning ?with the residual earnings let say you are being paid $40 dollars a month for every lead you made.That’s $1'440 a year and that just for one lead ,if you made 50 lead like credit card ,it become $120X50X12month=$72'000 Per year.
Now imagine the compound effect .which one would you prefer.it paid every month even if you took a holiday.It is always good to do the commission based sale as well…But to build an income in the long run is always better… Build it once and keep earning,earning and earning.......
The example above is just an example and is just a demonstrate the difference between the two items for sale in relation to the paying structure and how important while choosing the right way to monetize your blog.
Thing You Might Need To Know
In a Nutshell.Affiliate marketing is often overlooked for its income potential because many people simply don’t really understand what it is. Affiliate marketing is a system that is designed to help the parent company sell a product or offer a system while paying its affiliates for their efforts.
Because you are an independent representative you are not obligated to the parent company in the same way you would be if you were an employee. Rather, you are being offered the chance to earn money if you have the drive.For Internet marketing newbie to learn some basic stuff about Affiliate Programs.aka Profit Sharing Programs :Newbie earn online:Affiliate Program Basics .
The way you have to do is follow along,learn and you will find that you are making money while you are still learning the system. That is the power of a proven, teachable system.
More:How to choose the right goals to focus on
Reference:
Top 25 Ad Networks April 2009 vs. April 2008
Source: comScore Media Metrix | Total Unique Visitors (000) | ||
| Apr-2008 | Apr-2009 | % Change | |
| Total Internet : Total Audience | 190,728 | 192,875 | 1 |
| Platform-A | 170,508 | 176,455 | 3 |
| Yahoo! Network | 160,206 | 167,129 | 4 |
| Google Ad Network | 155,882 | 164,518 | 6 |
| ValueClick Networks | 140,930 | 160,307 | 14 |
| Specific Media | 144,773 | 158,012 | 9 |
| FOX Audience Network | N/A | 149,249 | N/A |
| 24/7 Real Media | 99,959 | 147,668 | 48 |
| Traffic Marketplace | 114,682 | 143,519 | 25 |
| Microsoft Media Network US | 119,595 | 139,674 | 17 |
| Tribal Fusion | 135,113 | 138,274 | 2 |
| Casale Media - MediaNet | 127,184 | 137,884 | 8 |
| interCLICK | 107,961 | 134,834 | 25 |
| Turn, Inc | 60,617 | 134,028 | 121 |
| Adconion Media Group | 117,965 | 133,498 | 13 |
| CPX Interactive | 69,178 | 130,370 | 88 |
| Collective Network by Collective Media | 88,279 | 129,808 | 47 |
| ADSDAQ by ContextWeb | 93,815 | 123,534 | 32 |
| AudienceScience (formerly Revenue Science) | N/A | 121,001 | N/A |
| Burst Media | 89,670 | 116,727 | 30 |
| Undertone Networks | 72,940 | 97,053 | 33 |
| AdBrite | 81,838 | 91,033 | 11 |
| Pulse 360 | N/A | 82,574 | N/A |
| Vibrant Media | 72,351 | 80,779 | 12 |
| Adify | N/A | 73,467 | N/A |
| Kontera | 52,159 | 72,870 | 40 |
