How to intelligently make money online with just a blog

2013-10-21 15:48

When blogging was new, most people wondered why some people maintain a blog. By now, it is common knowledge that maintaining a blog can be a source of income, and a way to build a name for yourself online. In this video, we will explain how you too can make money and gain recognition from your blog.

How to set up a website

First thing is first. You can't make money from your blog if you don't have a blog. So a website is necessary. Many people find this step challenging because people often think that it will be expensive and time consuming to set up a website, but the truth is that with today’s tools, it can take as little as a day for someone who has never set up a site to set up their Wordpress blog. Here is a tutorial for how to set up a site in one day.

Once you have a site, get ready to make money

There are a many ways to make money online that have been proven to be effective and consistent over time. The single most common way to make money online is by placing advertisements on your site. The way to do that simply is by using Google Adsense to place Google ads on your site. Google AdSense earns about $5-10 per 1000 page views which is less than a penny per page view. So most likely that will leave many site owners in search of other revenue streams. Such revenue streams can come from affiliate sales (see cj.com), or selling your own products from your own blog, or many other sources. There are many ways to make money, and anyone can get lost and confused in them. So instead of listing the ways people can make money, here is a more structured way to think about how to make the most money from your blog: The concept of the Lifetime Customer Value (LTV).

Lifetime Customer Value (LTV)

The lifetime customer value is an extremely important concept that every business owner needs to keep in mind at all times with the goal of always maximizing this number. The LTV is a formula and an approach to getting the most money from your customers throughout the lifetime of your relationship with those customers. That also means working to extend the length of the relationship with your customers. The concept of LTV, how to extend the lifetime relationship with your customers, and many more business videos are posted on my YouTube channel to which you are more than welcome to subscribe in order to get all the business advice that is posted regularly.

Here is the video on LTV:

http://youtu.be/c1fcvHu26XQ

And here is the video on calculating the profit margin which is the necessary variable in determining the LTV since the LTV is a measure of profit and not just revenue.

http://youtu.be/oFxxeo8-1ao

Before you can get LTV, you need to get website visitors

Of course, every site owner’s biggest job is to get traffic to their site. Even if you have a high average lifetime customer value, but have no website visitors, it is impossible to make money. So you need to combine your high lifetime customer value with having a high number of website visitors. So you need to become good at marketing! Don't be intimidated. We will make you a great marketer.  Here is a video tutorial with an introduction to marketing:

http://youtu.be/j_v0V-7e4pg

And here is an introduction specifically to online marketing which will give you many solid strategies:

http://youtu.be/rUVH1cC7W1Q

One mistake people make when they begin promoting their business is have a marketing strategy that goes something like this “I will promote my business by posting on social media sites like Facebook and Twitter, and hand out business cards and flyers.” If that sounds familiar, here are videos tutorials on Facebook marketing:

http://youtu.be/P6BswzB1l8Q

And Twitter marketing:

http://youtu.be/gDMNKgluvBI

And social media marketing in general:

http://youtu.be/DvOmBPS69lg

Conclusion

Ideally you will be able to get many website visitors from whom you will be able to earn very nice revenue. If you can accomplish that, you will have a great and growing business from something as basic as just a blog. And if you have any questions along the way, feel welcome to ask for a video tutorial to be made on a topic which you want to learn more about. And please comment on the current format of the article where video tutorials are used. Did the video tutorials make the article more useful or insightful? If you did like the videos, please feel welcome to subscribe to the channel on YouTube.

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