1.    Google Adsense: This is one of the most popular ways in which bloggers and site owners monetize their traffic.  The key here is to generate revenue without irritating users.  If your blog is new and you wish to establish your site as an authority in its field and gain traffic and link traction, you may want to keep the number of ad units down the ad placement unobtrusive.  As you gain a reputation of providing value to your readers, you can get more aggressive in your ad placement.

2    Affiliate Programs: Regardless of the subject of your blog or site, there will    be products and services your audience cares for.  Find affiliate programs that match your audience’s interests.  You can find thousands of affiliate programs at Befree.com.  Other choices include creating a “recommended book” list with it corresponding affiliate links from Amazon.com, and a “most popular products” list with corresponding affiliate links to Ebay.com.

3    Write Product Reviews:  Having worked for Internet Retailers on Online Marketing capacities, I can tell you from personal experience that it is very difficult for ecommerce sites to attract links for their product description pages. The competition is fierce for positioning on the search engines and links are a primary influencing factor in this race. Cater to this need by offering paid product reviews. You can provide your readers objective information on products they need, and keyword-rich links to advertisers.  Everybody wins as long as you are sincere in your assessment of these products or services.  Check out Reviewme.com for a source of advertisers willing to purchase these reviews.

4    Sell Advertising on your site:  Make it know on your website that you welcome advertising and design your blog layout to provide you with space to accommodate banner ads.  I believe some of the most interesting layouts can be found by browsing the results of the search “make money blogging” on Google.   Most of the top players like Problogger.net, doshdosh.com, and johnchow.com all have in common these three traits:  They have a banner section usually on the right of their page, they make their RSS subscription box prominent, and they have a “most popular posts” section to increase the pages per visitor, hence increasing the number of impressions and clicks for the advertising.

 

5.   Grow your RSS subscriber list:  Your list of subscribers can be a great source of traffic and money. It will help you transform first time visitors into loyal, repeat visitors and reduce your dependency on search engine traffic and paid traffic. 

 

Once you establish yourself as an expert in a given topic, you will be in a position to profit in some of these ways:

 

6.       Write for Others:  There is growing consensus for online marketing professionals that content is King.  The need for quality writing is higher than ever before.  Check out problogger.net for blogging gigs.

 

7.  Sell Consulting:   Making it as a blogger means that you have a level of expertise that other bloggers will covet, this mean you can charge for consulting services as someone who knows how to succeed as a blogger or someone with deep expertise in your field.  A successful blog means you will probably achieve recognition by industry professionals. 

 

8.   Land Speaking Engagements:  As a recognized figure in your niche market, you can probably land speaking engagements and industry conferences, etc. 

 

9.  Organize Webinars:  As an expert in your field, you can organize paid webinars on your subject of expertise. Here are some good guidelines to consider in the production of a webinar.