How to Monetize Your Ideas | Blogging
The rise of the Internet makes it a cinch to communicate and exchange ideas with a great number of people in a very short time. The only issue with that though, is it’s easy to get overwhelmed with the tremendous amount of ideas coming at you. Although inspiration may come easy, you may also be on the lookout for ways you can monetize your ideas or develop them into something profitable. If you’re considering blogging, here’s how to go about it:
Filter your Ideas
For many bloggers, discovering that key idea/concept started with their interests. So, first things first—answer the following questions as honestly as you can:
What is it you are interested in?
What can you talk about for long periods of time?
What would you be doing if you had enough free time?
What would you choose to be doing even if you didn’t get a check from it?
What comes so naturally to you that you assume anyone can do it?
If you could do/be anything in the world, what would you do/be?
After answering these questions, if you have a few options that’s fantastic! You’ve filtered through the multitude of ideas to find the most essential ones, the ones that are close to your heart. Now you have a better idea on where to focus.
Fine-tune and Zero In
The questions above aren’t the easiest to answer and the following may be even more difficult. One thing to remember is that sometimes it’s not about finding the right answer to a feeling or quandary; it’s more like finding the right question to ask and unlocking the best answer you can possibly give. If you have several options and interests, ask yourself:
What brings you joy? Not necessarily what you’re good at, but what truly generates the feeling of happiness inside you?
How would you envision your ideal life? What would you be doing? What would you be? Get as specific and concrete as you can.
If money and time were no obstacle and you had the power, how would you craft this ideal life of yours? What specific steps can you take towards creating this ideal life?
If you’re feeling absolutely clueless about what to do at this point, perhaps you’ve lived too long by what you “should” do that you’re not sure what you want. If this is true, ask for help from a close friend or family member who can give you their observations on what you like to do and what gives you joy.
Monetize Your Ideas by Blogging
Let’s assume you have a brilliant idea. You know in the deepest part of your soul your idea is what you’re interested in and you want to explore it. You may, like many, want to choose blogging about your interests. This way you can express your opinions and research more about your chosen topic or niche. Bloggers connect with readers who have the same interests as them. They foster a sense of community because of shared likes and dislikes. Thus, their blogs or website become a venue for ideas and expression.
If you choose a blog, there are several options to monetize it:
- Sell advertising space. It’s best to opt for a self-hosted blog (with either WordPress or Blogger) so you can use pre-made templates with built-in ad spaces. This is an easy way to earn once you have a set audience for your blog and favorable statistics (page views and unique visitors).
- Promote affiliate products. Again, this works best if you’ve already established a set posting schedule, have good interaction with your readers on your blog and are clear on the niche of your blog. Affiliate products work best when you write articles that complement them or give an honest review of them. Make sure your articles are congruent to what your blog is about. Having posts about fly fishing won’t be helpful to an affiliate merchant selling computer software. Find products and services you’re crazy about so you can give an honest review and recommend them to your readers.
- Sell products. This works with physical products and online downloads but, with the former you’ll have to deal with the hassle of inventory and shipping. With online products and subscriptions, however, you can set things up so that once your customers pay the system generates a downloadable link and their payment is deposited into your bank account.
These are just very basic methods of monetizing your ideas using blogging as your online tool of choice, but remember: if you’re passionate about your ideas and would truly pursue them even if money weren’t a factor, then it’s worth doing. Monetizing your ideas, the right ideas, can be a lucrative venture in the long run and may even lead to you discovering more ideas!
See also : Blogging for a Profit | Affiliate Products