First you create a blog. Then you optimize it. Finally you monetize it. For money blogging monetization is the milestone to achieve your business objectives. Without smartly monetizing your blog you can’t earn big money.
5 monetization mistakes
So you need to avoid these 5 monetization mistakes.
Following the herd instinct
Many bloggers blindly follow others advice while monetizing their blog. They don’t know the fact that no one can understand their blog community better than them.
So they should decide what to sell and how to sell on their blog. This is the fundamental question of a monetization strategy. You cannot sell every product on your blog. You cannot sell to all your visitors. The main question is who to sell whom and how.
How to sell is equally an important question. You must be clear how to sell your product. There are several methods to sell including product reviews, Google ads, affiliate marketing or banner ads.
Delay in monetizing
If you place several ads on your blog from the day one it will not cost you anything. People will simply not click on it or you will get very few clicks.
On the contrary if you don’t monetize your blog before it gets huge traffic you will lose earnings that could have been made if you placed ads earlier. So never make delay in monetizing. Soon after reaching the daily visitor mark of 100 start monetizing it.
No trials and errors
Many bloggers monetize their blog. They fail to earn. Finally they conclude they can’t earn money with their blog. They change the monetizing strategy.
Initially you need to keep experimenting for ad positions and sizes. You also need to try several affiliates and then go for the best one. Obviously best affiliate for your blog is the one that’s products you can sell easily. Or your visitors happily buy its products and you earn huge money.
Many bloggers monetize their blog and stop exploring more option. They sit contented as soon as they start earning a handsome amount of money. This is a wrong approach.
No source of revenue on your blog stays same. Sometime it will help you earn more money and sometime less. On a travel blog you can sell a lot of travel products in vacations but in normal days you have to sit idle. So keep exploring more and more options for monetization to keep earning same level of income all the time.
All eggs in one basket
The is one of the worst monetization mistakes many bloggers commit. If they earn huge money with Google Adsense they start relying on it. They don’t apply other monetizing models diligently and just do them as filler.
Many bloggers just sell affiliate products and never try to develop their own product. If any affiliate sales go down they get panicky and keep applying other options. Meanwhile they lose their level of income.
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