A common question that I get is ‘how early should I begin to monetize my blog‘.
I understand the concern behind the question – some bloggers certainly like to build their audience before they introduce monetization and you do need readers before whatever monetization model you choose will work – but have always believed that if you intend to monetize your blog one day you should probably do it in some way from early on.
I’ve never heard a shop owner ask – ‘how early should I monetize? – shops open from day #1 with products to sell.
Likewise – Newspapers generally run ads from Day #1, Businesses open with sales staff from Day #1, Gyms generally offer membership packages from Day #1… why shouldn’t a blog that intends to monetize start with that in mind.
It’s never too early in my opinion.
Monetizing from the start has a few benefits:
- Firstly it’ll generate a little income – it won’t be much early on but a little is better than nothing and you’ll be surprised how even just earning a little can motivate and energise you!
- Secondly – you’ll learn a lot by just trying. The first time I tried to monetize I used AdSense and Amazon’s affiliate program. In the first week of doing so I learned a lot – knowledge that I’ve utilised ever since.
- lastly, and perhaps most importantly – monetizing from the start means your readers expectations are that your blog is one that will be monetized and you don’t have to break it to an established community that you’re suddenly going to start monetizing in some way.
A better question might be ‘HOW should I monetize early on?’
Some blogging monetization techniques will work better from Day #1 than others.
If your goal is to sell advertising directly to advertisers/sponsors – you’ll need to build your traffic before an advertiser is likely to want to advertise with you. In that case you might want to consider running ads from an Advertising Network like AdSense or Chitika (aff).
Or if your eventual goal is to sell your own products (an eBook or course perhaps) it may not be feasible for you to have a product developed from Day #1. In that case it might be worth promoting someone else’s eBook or course as an affiliate while you develop yours.
When Did You Start to Monetize?
I’d love to hear your experience – did you monetize from the start or introduce it later? Or are you still waiting for something to happen before you do it?