‘How do I monetize my blog?’ Tips for making money as a blogger

A friend asked how he could make money from his blog. With the caveat that I don’t make money directly from my blog, or try to (more about that later), I have some advice to share. Bloggers can pursue multiple options to generate revenue:

Sell ads

One way is to sell ads yourself. This requires time and skill that many bloggers don’t have. You would need to figure out what to charge for ads, identify potential advertisers, make the pitch, service the account and bill the customer (or arrange for handling credit cards). Journalists who blog might also feel that selling ads would present ethical challenges, either for the blog itself or with their day jobs.

However, the advantage of selling ads yourself is that you can target specific advertisers interested in the niche audience of your blog, which might bring you a higher ad rate if you are selling ads based on how many thousand impressions you serve (a rate called CPM, short for cost per mille, or thousand). You also could seek to sell sponsorships at a flat rate.

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Entrepreneurial journalists should pursue several revenue streams

Entrepreneurial journalists make a mistake if they think advertising is their only potential revenue stream.

Our entrepreneurial journalism class at Georgetown University will focus tonight on exploring possible ways to make money beyond display advertising. I doubt that many organizations would want to pursue all these possibilities. Particularly if you’re a small organization or an individual, you will need to pick your shots carefully and decide which have the most potential and which are worth the time and money it would cost to try them. Some of these opportunities are tailored for the sole proprietor. Others work better for a larger organization or at least for an entrepreneur or team with specialized technical skills.

Here are some revenue streams we will discuss in class:

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