I have treated broadly different ways you can choose to use your blogs to make money, which you can find here if you haven’t read it already: 16 Ways To Make Money Online With Your Blog Or Website.

Now I want to share with you two strategies top money making bloggers employ in their blogging activities that make them thousands of dollars monthly.

Making money by developing expertise in their blog topic. This strategy involves the blogger choosing to write on a topic they are passionate about, a topic they have some measure of knowledge and experience in.

For instance, a nurse setting up a blog to write about patient care, or a lawyer writing about legal issues. You don’t actually have to be a professional to use this strategy to make money from your blog. All it takes is that you have some knowledge or experience in a particular endeavour, such as farming, animal rearing, cake making, house keeping, working with children, etc. With this knowledge you can set up a blog on the topic to share insight with your readers.

The idea behind using this strategy to make money with your blog is that as you continue to post articles on your blog, you will be positioning yourself as expert in your topic. With time, your readers will come to trust your judgment on issues relating to your blog topic, and they will stay loyal to you.

Don’t expect to start making money with this strategy quickly as it needs time before your readers catch up with your publications. And when they do, you will then be able to make money from your blog through: recommending relevant products to your readers. These could be your own products or affiliate products from which you will receive commission on sales.

You could also be paid to recommend products to your readers. And another way you can make money with your blog with this strategy is by selling advert spaces on your blog to interested advertisers.

To be successful with this strategy, you will have to build your email list as you build your blog. This is very important to enable you develop personal relationship with your readers by sending them newsletters frequently.

Another thing you will have to consider if you will make money with this strategy is that before you begin it you have to do a research to determine if the number of people needing your information is huge enough, and whether they will be willing to purchase useful products.

This research is necessary to allow you know if your blog will pay off on the long run if you devote some effort and time in building it or not. Failure to check these things out before starting your blog may put all your effort and time to not and frustration as you may discover only a few people are interested about what you are writing, who are not excited about spending their money at your blog.

It is really important that you first must have an idea of how much money is possible to be made in the industry before starting out.

However, the good thing is that if the topic has a huge number of people interested in it, and if well done, this strategy usually pay off big later. Since you have a list of loyal subscribers, you are guaranteed of regular income. Just one email you will send to your list about a product or service  they should consider buying can pump tons of cash into your account, just as they will be happy to buy from or through your affiliate link.

Making money by setting up chains of blogs in different profitable niche topics. Using this strategy, you don’t have to be passionate about your topics. The actual motivation here is to make as much money as you can possibly make by identifying niche topics that have reasonably large number of people interested in them and set up blogs for them to read.

You may need to hire freelance writers or purchase private right articles to use on the blogs, and the money is made by using Adsense and Affiliate products. The key thing about using this strategy to make money with your blogs is that by the time you add up what all your blogs are bringing in, it may run into tens of thousands of dollars monthly.

However, the downside of setting up chains of blogs in niche topics as a strategy to make money from blogging is that you may not be able to continue giving all the blogs attention, and so they may drop in search engine ranking and relevance to your readers. This would invariably affect their money making potential.

In spite of that, there may not be any cause for alarm when this happens because since you are not passionate about the blogs in the first place, you can abandon them when they no longer bring in money and set up new ones. Making money is the rule of the game here, and as long as you can continue to identify good niches, you will continue to make money with your blogs.

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This entry was posted on Wednesday, November 5th, 2008 at 8:28 pm and is filed under Making Money With Blogs. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.