This blog post will be all about how finance bloggers make money and how you can become one. If you have any passion for frugal lifestyle or personal finance you can start a blog today really easily.
Personal finance blogging is a dream for many people online, you post about how you live your lifestyle and how you spend your income. You teach people on what works and how to save money or how to invest money when you have a finance blog.
Do finance blogs make money?
Yes, they do. I will show you below the best ways to monetize a finance blog and how to start as well.
Firstly, running a successful finance blog can be very hard work and time-consuming as well. It will take a lot of persistence.
Unless you are super happy to go viral on social media, it will take some work till you start seeing passive income coming in.
If you know what you are doing then you can be very successful with finance blogging, you need to understand how the algorithm works if you want to rank highly on search engines.
How Finance Bloggers Make Money
Ads
This is one of the best income finance bloggers use. It is pretty much automatic once you get accepted on a ads platform.
When you are first starting, you need to sign-up for Google Adsense account, then you can start putting ads on your blog. This is a great way to make some money with low traffic.
Once your blog gets up to 10,000 monthly visits, I highly recommend going to Ezoic. They require a minimum of 10,000 monthly visits for you to be accepted. Your income can 3x from Google Ads.
After you become more and more popular, a platform like Mediavine accepts blogs of only 25,000 monthly visitors. They are a fantastic network and will increase your income drastically.
These are some phenomenal numbers and are not unrealistic, many bloggers use their traffic to make money from these ad platforms. You need to learn how to promote your content better to get more traffic. Check my Pinterest guide.
Affiliate Marketing
This is as well one of the easiest ways to make money online. You need to sign-up in an affiliate marketing network to search for products in your niche. They will give you a unique link to promote the products and if some of your readers make a purchase you will get a commission.
The big brands in each niche pay a lot of money for their affiliates so they can bring them traffic and sales.
You can check for “finance + affiliate” on Google for more finance affiliate networks. You can find also finance programs in ClickBank, CJ or ShareASale. Remember to promote companies that you trust and use. Provide trustworthy products always.
Amazon Associates
Another way to make money from a finance blog. You can make blog posts on products you use on a daily bases and get an affiliate link from them on Amazon. Amazon pays up to 10% commission on each sale.
Sponsored Campaigns
People will message you about helping them build up their blogs. They will want to advertise on your blog and you can charge them monthly fees to be featured.
Most startup blogs and businesses will reach out for guest posts or banners to be advertised on your blog. You can charge up to $50-1500 for this, depending on how big your blog is.
Social Media Promotion
This is huge, really important to promote your content on social media. It will allow as well as your readers to follow you on social media.
Big businesses may contact you about a promotion on your blog or social media, and you can charge money for this.
Build an Email List
This is big because all big businesses pay a lot of money on ads to gather emails. You can promote your newest content on your email list.
It is a great way to increase your income in the backend.
You can promote the best affiliate offers and build a great relationship with your readers as well. Use GetResponse to build an email list.
How Finance Bloggers Make Money – Conclusion
Ads and Affiliate Marketing are the most profitable when you have a personal finance blog. Hopefully, you enjoyed this blog post on how finance bloggers make money.
If you want to start a finance blog, click here and find out how to do it.