After setting up your blog and filling it up with plenty of great content, now it’s time to monetize your blog to turn your traffic into profit.

In this 10-step guide, we’ll show you what exactly you need to do in order to start earning money with your blog and eventually turn it into a profitable business.

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Step 1 – Build An Audience

Before you begin this process, make sure you get enough traffic to your blog. Because you can’t advertise products without an audience. Otherwise, it’ll be like showing a movie at an empty theater.

So, from the first day of launching your blog start building an audience, a community of loyal people who live and breathe to read your new blog posts and watch your new videos.

This is the key to turning your blog into a business. Because every business needs loyal customers who come back to shop more.

Step 2 – Promote Advertising

When you start receiving a lot of traffic through great articles, advertisers and marketers will start to notice your blog. Then they will eventually reach out to you to ask about potential advertising opportunities.

You need to have a page on your blog that shows them all the information they need to know about your blog before advertising.

So, go set up a special page on your blog titled “Advertising” and tell everyone that you’re open for business. Show them your blog traffic stats and your community strength. But, keep the pricing a mystery.

Step 3 – Join AdSense

Making money through AdSense is now tougher than ever with all the new blogs turning up from everywhere. Even though, signup with AdSense and give it a try to see if you can make a profit with Google’s advertising program.

The key to making money with AdSense is the placement of the ads and bringing in thousands of quality traffic. Try inserting ads inside your posts and other hot-spots on your blog.

Step 4 – Join Affiliate Programs

Affiliate programs are easy to join but harder to make a profit with because you have to write specific content to promote and sell other people’s products through your blog.

Make sure that you join affiliate programs in your niche. For example, if you run a blog about website design, try promoting products related to your industry like web hosting, similar to our own Go Get Space affiliate program.

Step 5 – Reach Out To Brands

Don’t just wait for advertisers to come find you. Reach out to them and show them what you have to offer.

Find startups and moderately popular brands and send them an email telling them about your blog and telling them that you are interested in reviewing their products on your blog. For a price, of course.

Step 6 – Sell A Product

Even if you make a lot of money with Advertising, always create a product like an eBook, an online course, or even a physical product to sell on your blog.

Shout Me Loud is a popular blog that makes thousands of dollars each month through advertising, but it also sells its own eBooks. That’s how you create an effortless revenue stream.

Step 7 – Build A Membership Site

Set up a membership section on your blog where you can offer premium content to your members, like a paid course or exclusive materials. Charge your members for accessing this special section and keep feeding them with exclusive content at least once a week.

Step 8 – Start A Podcast

Podcasting is turning out to be an exploding industry. It not only gives you a chance to show off your authority and experience but also allow you to advertise products and services.

If you listen to podcasts, you may have noticed how most of them include advertisements in the middle of the audio, much like in radio shows.

If you can build a big enough community of loyal fans, you can produce great podcasts and monetize them too.

Step 9 – Host A Webinar

Webinars are a way of getting through to your audience and generating leads. Approach this step only if you have a few years of experience in your field so that you can share that with your followers.

Neil Patel used webinars to generate 518,399 visitors and 16,394 leads. You can also get sponsors for your webinars and mention your own products too.

Step 10 – Invest And Expand

By the time you reach this step, you’ll be making some profit through your new business. This is not the time to buy a shiny new car, it’s time to invest.

Make a smart budget to invest some of that profit on your business to promote and get more visitors to your blog. Invest the other half to build a new blog. Keep repeating until you make your fortune.