Blogging is one of the most lucrative online businesses on the planet.
A blog offers several advantages over many business models out there. If your blog has a lot of traffic, you can market products day after day compared to sending promo E-mails to your list which you can only do for not more than 3 times for a single product unless you want your subscribers to hit the ‘un-subscribe’ button in a heartbeat. Since you are already on the Internet, you might as well leverage on as many tools as you can - search engines, RSS, ping backs and many other tools that will help you gain visibility.
In fact, you can even make use of your resell rights products and combine it with your blog to create synergy!
Here are 5 ways you can turn your blog into your biggest cash cow:
(1) Use your blog to build a powerful relationship with your mailing list. The Internet marketing niche is a highly competitive niche. Your subscribers will most probably be on 10 other marketer’s list at the minimum. Everyone is sending out promo e-mails, selling the same resell rights products and shopping around to see where they can get the best prices. If you want to differentiate yourself from other marketers without dropping your prices, you must always go for the heart. A blog is the perfect tool to get people to know who you are and you will get a chance to INSPIRE them. Building a powerful emotional bond with your customers is the key to getting them to click on YOUR promo E-mails first compared to ‘just another’ marketer.
(2) Drive search engine traffic to your blog by posting articles to article directories, Squidoo, Hub Pages and many more authority sites. Your blog is your greatest weapon to rank on the search engines (remember, blogs are search engine friendly). Pump the authority of your blog by getting backlinks through those sites above. When people see enough of your articles on article directories and Squidoo lenses, you will leave a lasting impression and people will view you as an authority on your topic. The key is to build lots of one way links to your blog early on. Plant the seeds (your one-way links) early and reap the rewards through search engine traffic and monetization.
(3) Use your resell rights products to ‘bribe’ your blog readers into becoming part of your mailing list. Offer them EVEN MORE resell rights products behind a tell-a-friend script to increase your opt-in rates by 20-30%. Afterwards, recycle the traffic back to your blog and get them to spread the word through viral marketing. Your resell rights products shouldn’t be gathering dust on your hard drive. Use a bit of creativity to build an unstoppable package - e.g.a ‘themed’ package on blogging.
(4) Monetize your blog by selling text links, sponsored reviews and advertising spaces. If you have traffic, page rank and a high RSS count, create additional streams of income by leveraging on your asset which is your blog. Blogs will always appreciate in value just like a piece of real estate. Even if you don’t do much with your blog, an aged domain name is useful if someone wants to buy it for a related niche. Text links in particular offers residual income and you will get paid month after month just by linking others.
(5) Sell your blog for a hefty profit. If you have page rank, sufficient AdSense earnings, text link ads earning and enough content, you can tally up the ‘net worth’ of your blog by selling it off or ‘flipping’ it. You might be able to find willing buyers to purchase your blog for 12 to 16 times the net worth of your blog. You can immediately ‘roll’ those earnings to start off more blogs in different niches and make even more money online (and giving birth to more ‘cash calves’ in the process).
Authored by Khai
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