Many people start to write their own blogs because they enjoy writing, but since there are so many ways to tap into extra income sources on the internet, it’s worth checking out some of the methods you could use. A blog which is able to generate a fair amount of traffic and has managed to build a loyal and strong audience could build a passive income in several ways.
1. Write an e-book
If you’re a blogger, you’re probably pretty good at writing, so an e-book makes perfect sense. Depending on how long you’ve had your blog, you might be able to analyze your current audience and traffic in order to establish the best topic for your upcoming e-book. Once you’ve published one on your blog and have had time to monitor its success, you can begin to think about a second e-book to generate further passive income.
2. Make friends with other bloggers/businesses
Using your blog as a platform to advertise can help to bring in extra cash. Other small businesses and bloggers may be willing to pay you a small commission per month for having a link or advert to their site on your page. This is a great way to make some extra cash if you have a few businesses willing to pay for space on your site.
3. Develop an online course
This isn’t for everyone, since it often involves how-to videos and other learning tools that not everybody feels comfortable with producing by themselves. There are various ways to develop an online course, however, including text and images or step-by-step guides. You could sell a course which teaches blogging, or you could teach your audience a skill that you have and would like to pass on.
4. Sell your photos
If you have a passion for good photography, you can earn money by selling your photographs. This is a good way to develop another passive income stream, since you can sell the same photo to many different people. There are many photo selling websites which allow anybody to upload and sell their artwork, or you can upload them on your own blog and advertise there too.
5. Create designs
Once you’ve built a fairly stable following for your blog, you might want to consider producing some merchandise with your logo. You can also create different versions of your logo and sell only the designs. Buyers will then use the design on items of their choice which can be manufactured elsewhere.