Can I make money from niche?
If
everything has gone well, you should now know:
·
Whether the niche is something you can stick with.
·
If other people are just as interested as you are.
Now, it’s time to figure out whether you
can actually make money from this thing.
If you’re creative, it’s possible to
make at least some money
from pretty much any niche, as long as you have an audience.
For that reason, this is probably the
least important of the three questions.
But no amount of creative
monetization can get around this fact:
Some blog niches are
always going to make more money than others.
So how do you figure out if, and how, you can make money with your niche?
You guessed it – more research!
See
how other blogs in your niche make money
Your
first stop should always be to see how other blogs in your niche are making
money.
Go open a few tabs with popular blogs in
your niche.
Then, go through them and see if they:
·
Display banner ads or other advertisements on their
site
·
Write about certain products with links to where
people can buy
·
Sell their own information product
This should instantly give you some idea
of the potential monetization options available to you.
Digital Photography
School sells eBooks and courses, as well displaying ads. There’s a few
monetization ideas right from the homepage!
Although, displaying ads isn’t always
the best way to go. It does work great in certain verticals though.
Look
at popular products on Amazon
Amazon
is a gold mine for monetization ideas.
Basically, you want to see if there are
products on Amazon that your readers might be interested in. If you find
products on Amazon that sell well, you can either:
·
Create similar products for your own blog (if it’s something like
an eBook).
·
Write blog posts to promote high-quality products and
get paid a commission (for physical products).
Check
for big affiliate programs
Affiliate
marketing is a partnership where you get paid a commission for referring people
to products. Shareasale is one popular affiliate marketing platform, but
you also might have niche-specific opportunities that can provide a great
income.
To try and find them, look up popular
products or stores in your niche. Then, Google something like “Store name +
affiliate program”.
If all goes well, you should be able to
find some high-quality products you can promote and make an income.
See
if there’s a way to make your own product
This
method requires the most upfront work, but it can really pay off if you do it
right and have a large audience.
Basically, you create your own digital
product – like an eBook or an online course. Then, you sell that product
to your audience.
If there’s any way you can add value –
either by teaching or just compiling resources – this can be a great way to
monetize a niche.
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