Blogging VS Vlogging: Which is Better for Making Money Fast
Today is a guest post from Wendy Dessler, a finance writer and collaborator with Today with Jay.
Finding new ways to make money is something most people are passionate about. Using the power of the Internet to increase the amount of revenue you generate is a wise move. While there are a number of ways to make money online, nothing quite compares to vlogging and blogging. Deciding which one of the mediums to use to build your wealth can be difficult.
Making the right decision can help you start generating revenue in no time. Are you trying to figure out whether vlogging or blogging will provide you with the fastest profit? If so, check out the helpful information below.
Making Money As a Blogger is Not Easy
Each year, over 500 million blogs are published online many start with easy How To Start A Blog tutorials like this. With all of this content, new bloggers have a hard time breaking through the noise and making an impact. Instead of throwing in the towel before you really get started, take the time to figure out how to make your blog more engaging and successful. Achieving blogging success is no easy process and will require a lot of hard work.
As you start to drive more traffic to your website, you will be able to figure out the best route for monetization. Figuring out what type of blogs actually make money can help you avoid sinking money into a website that won’t be profitable. Websites like Wallet Squirrel and Today With Jay provide up and coming bloggers with advice and strategies regarding how to monetize a blog. Below, we will discuss the types of blogs that actually generate revenue consistently.
Selling Digital Products on Your Blog
Modern consumers are hungry for information. If you are well-versed in things like digital or social media marketing, you can make a hefty profit by selling digital products on your website. These products will typically include things like printable graphs, checklists, and eBooks. The key to making money with these digital products is showcasing your skills in your chosen industry.
The only drawback to creating and selling these digital items is the time it takes. Unless you have an unlimited amount of time to focus on writing and editing a new eBook, you will struggle to get one completed in a timely manner. Outsourcing this work to a content marketing professional can be helpful. If you can contract out these services for cheap, you can still turn a profit from the sale of your digital products.
Selling Display Ads Can Be Lucrative
Monetizing your blog is a multi-step process. The first step in the blog monetization process is increasing the amount of traffic your website gets. As you start to grow your audience, you will be able to take advantage of a number of monetization methods. Selling display ads is one of the most common and lucrative ways to monetize a blog. Businesses will pay good money to have their ads featured on a popular blogging website.
Programs like Google’s AdSense (Google AdSense Review) is designed to make finding ad opportunities easy. Rather than trying to learn and master the AdSense system on your own, you need to think about hiring professionals to lend you a hand. Most experienced marketing professionals will have no problem setting up and maintaining the ads on your blog website. The money paid to a marketing company for their help will be worth it considering the revenue they can help you generate.
Selling Memberships to Consumers
If you have a blog in place that provides useful information to the general public on an ongoing basis, selling memberships may be a good idea. Most consumers would rather pay a one-time fee for the content on a website rather than buying eBook after eBook. Building a following for your website is imperative when trying to drum up some buzz about your membership offerings.
Before you start offering these memberships to your website, do some market research. If you have competitors offering memberships, take a look at what it includes. Looking at this information can help you figure out how to make your membership offering more enticing to consumers. With a simple Google search, you should be able to find all of the information you need about the current membership market.
There is Power in Vlogging
Now that you have an understanding of how to monetize a blog, we will move onto the power of vlogging. In the past few years, video-sharing platforms like YouTube have seen substantial growth. These days, there are vloggers making millions of dollars each year with the help of ads and product endorsements.
However, the vlogging space is littered with competition. This is why you can’t copy the recipe other vloggers are using to make content. Your goal needs to be producing content that is both original and engaging. While this may sound relatively easy, it is anything but. Achieving vlogging success is possible if you follow some of the tips mentioned here.
Vloggers Commonly Use Affiliate Marketing
There are a number of well-known brands that use affiliate marketing to sell products/services. Many vloggers direct traffic to popular websites in the hopes of one of their followers making a purchase.
When these purchases are made with the affiliate link from a vlogger’s page, they are compensated. Generally, companies that use affiliate marketing will not pay huge sums for one sale. You have to focus on providing a consistent flow of quality leads if you want to make money with this method.
Sponsorships and Endorsements
Another way to make money as a vlogger is with the help of endorsements and sponsorships. Many product manufacturers use influencers to advertise the benefits of their items. If your channel is popular and family-friendly, you may be able to land one of these endorsements. Generally, it will take both time and a lot of followers to get lucrative sponsorships and endorsements.
The Bottom Line
If you are trying to generate income in a hurry, blogging is probably your best bet. It is easier to gain a foothold with written content and you can always add a video to your website later on if you want to pursue your passion for vlogging.
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