This guest post is by Kevin Muldoon of WordPress Mods.
Most of you will be aware of the most popular business models for blogs. A large majority of blogs rely on revenue from advertising such as banner ads and paid reviews. Once a blog is very successful, its owners usually branch out and sell physical and digital products too such as books, membership courses, and premium content. Many successful bloggers simply use their blog as a platform to promote their own consulting services.
It’s important to do a little research into what business model suits you and your blog, as it’s going to be the way you make money through blogging. When I launched my WordPress blog a year or so ago I decided to adopt a magazine model and make money through banner advertisements, adding paid reviews once the site is more successful.
Once the site is established I will be in a good position to sell products through it, too, in the same way that Darren has launched his fantastic blogging workbooks through ProBlogger and the hugely popular ProBlogger book.
A business model with a twist?
A great example of this is WP Candy (one of my favourite blogs about WordPress). Well designed and updated regularly with great content, its owner Ryan Imel adopted the magazine model for WP Candy, though he did things a little differently. Instead of selling banner ads, WP Candy has managed to stay ad-free by using a so-called “Powered By” system.
The “Powered By” system is quite straightforward. Every blog post has a small link at the bottom stating who “Powered” the post. It is very similar to those who allow advertisers to sponsor a post, though there’s one main difference: instead of the link going to the sponsor’s website, it goes to a thank you page on WP Candy that tells you more about the website and lists the number of posts the sponsoring company has sponsored (Have a look at the biggest contributor for an example).
Advertisers have a number of ways in which they can gain exposure on the site. Just $5 a month will get you a link in a thank-you post every month, while a one-off payment of $50 will give you a permanent “Powered By” link on a post and a thank you in the weekly podcast.
Skeptics may look at the business model WP Candy has adopted and say that all they are doing is selling text links instead of banner ads. Perhaps this is the case, though they haven’t broken any rules—they are simply linking to a dedicated page for sponsors and the links on that page are coded “nofollow”.
So what they have managed to achieve is provide a unique way for advertisers to promote their products and services whilst removing all banner ads from the site, making the reading experience more enjoyable for the reader (something that Leo Babauta also did with Zen Habits).
Think outside the box
I’m not encouraging you to adopt the “Powered By” system that WP Candy has created. What I do encourage you to do is be more creative with the way you make money through your blog.
- Build a more personal relationship with your advertisers and encourage your readers to interact with them.
- Develop high-quality products and services that are related to your blog.
- Grow your newsletter subscriber base so that you can interact with your readers more.
- Do something interesting—something that no other blog in your niche is doing.
I’d love to hear of the interesting ways you generate income for your blog. Have you grown beyond the magazine business model and developed alternative ways to make money through your site?
Kevin Muldoon is a webmaster and blogger who lives in Central Scotland. His current project is WordPress Mods; a blog which focuses on WordPress Themes, Plugins, Tutorials, News and Modifications.