Nowadays most internet users are familiar with the concept of online blogs. Indeed a lot of people run their own blog, whether it’s a personal blog or a blog discussing a certain subject. However in this article I want to talk about the various different ways you can make money from a personal finance blog.
Personal finance is a classic example of a subject that is perfect for bloggers because there are endless different things you can talk about. For instance you can discuss budgeting, credit cards, loans, mortgages, pensions, property, saving, share trading, taxation, and so on.
Each of these subjects is potentially very profitable in it’s own way. The secret to success is to pick a subject that you are most passionate about and then decide which type of revenue model(s) you are going to use on your blog. You essentially have three different options.
Firstly you can sign up to Google AdSense or one of the other PPC programs. By doing so you will be able to place blocks of ads on your blog and earn money every time someone clicks on one of these ads. In the finance niche this can be highly profitable because there are times when you can easily earn several dollars per click.
The second option is to forget about these ad networks and sell advertising space yourself. This will often be significantly more profitable because by doing so you are keeping all of the advertising revenue yourself. Adopting this approach allows you to earn money in advance so you can therefore invest this money back into your blog in order to help it grow.
The final option is to use your blog to promote various different products and services as an affiliate. This is often seen as being the most profitable income-generating model because in the finance niche there are a wide range of different products and services to promote.
For instance you can promote stock brokers, Forex brokers, bank accounts, savings accounts, trading software, etc. You can even promote some of the premium training courses if you so wish which offer very high affiliate commissions in most cases, sometimes as much as 30-40% per sale.
So the point I want to get across is that there are many different ways you can earn a decent income from a financial blog. The trick is to build up your site and try and attract lots of visitors. This will help you to test out each method and determine which one is most likely to make the most money in the long run.