How To Make Money With My Blog Part 2

10) Merchandising

Selling your branded t-shirt or baseball cap makes sense when your publishing project has a strong brand, a powerful message or an issue that it stands behind.

Why would people shell out USD $20 or more to buy a branded t-shirt promoting a web site? If a bold tagline spells out a strong message or slogan about something of which many are passionate, readers want to support the cause by wearing them.

I think this works effectively where a) the personal brand is good enough to create a desire in readers to "stand" for it (few bloggers or news sites have this kind of charisma, but I people like Joi Ito or Howard Rheingold most likely can command some of this), or b) the author or blog / site stands for something clearly identifiable. It may be an overarching mission or a number of changing issues that make effective marketing themes for such products.

CafePress offers an extensive catalog of shorts, caps, calendars, mugs with over 80 customizable merchandise products waiting for your logo and tagline to be printed on them. CafePress provides the raw merchandise that you can customize by uploading your artwork and interactively adjusting it on through its online command center.

While CafePress charges a base cost for the material (e.g.: USD $13.99 base price for T-shirts), you can price your branded merchandise however you like and CafePress dutifully manages the transaction, payment, shipment and your monthly payments for your hard-earned commissions. In the process CafePress, also creates a full web-based shopping center that can be customized to match your Web site's design.

11) Collections - Anthologies - Compilations - Curated content on CD-ROM

Thanks to CafePress and similar services, independent online publishers also have the opportunity to deliver vast amounts of content such as aggregated anthologies of articles, reports, audio and video files, or research collections on CD-ROM. All with complete infrastructure support for the mastering, duplication, labeling and shipping of these.

Again, the publisher pays a wholesale cost for the production of each CD-ROM ordered and the profit comes from the markup that the publisher decides on for each item sold. CafePress clears payments from customers, prints the CD, packages it and ships it to your customer. It sets aside your profit margin and cuts a check for you at the end of the month.

The publisher base price is USD $4.99 per CD (excluding shipping). You can mark up the price as much as you want and CafePress collects payments and sends your profit margin to you.

More info: CafePress Data CD

12) Paid Assignment

While many find this very controversial, more companies are using bloggers and independent sites to talk about, promote or cover specific products and issues. The Marqui program, is a good example. But there are other ways to go about it. A person can go to a company and become its official online blogger. A person can take specific assignments for prominent sites and work for them, with or without credit, covering specific issues.

The important thing here is to be clear and upfront about it. People are inflexible about this because they're afraid that the people they trusted and read without question before may now write articles because they are paid for it.

From my point of view, I say the following:

a) question your sources, no matter how good they are and how fanatical you are about them.

b) take that ham away from your eyes: there is no objectivity, outside of the transparency of the reporter, blogger or news reporter. Everyone is influenced in one way or another. You don't need to take money from a customer to be influenced. What about all those journalists and bloggers who routinely receive free evaluations of gadgets and software that everyone else has to pay for? Doesn't that influence them? Invitations to press dinners? Product launches? Come on.

What counts, and what I think readers value the most, is being upfront, transparent and credible. Assuming you have been, like everyone else, "exposed" to cover certain issues rather than others — what matters is how "transparent" you are about revealing your driving motives, interests and goals while writing on that topic. Can you be influenced while remaining true to your opinions? I believe you can.

Taking money per se is not a disreputable act, neither is getting paid to write about a certain topic: isn't this what newspapers command their editors to do?

What the critics of paid assignments have underestimated is the large demand out there for this. If the paid writers are transparent, accountable and professional with their assignment, then this is as legitimate as any other activity.

I guess you only need to decide if you are in it for the art or the part.

Marqui paid USD $800 to the bloggers who did the assignment. Each one was required to write four articles a month that at least mentions and links to Marqui.

13) Donations

If you support a cause that goes beyond the mere reporting of news in your areas of interest, why not consider asking your readers for support?

People like to take a stand for the people whom they think can make a difference, so why not use this strategy to finance some of your effective communication campaigns? PayPal Donations, Amazon's Honor System and BitPass all offer a simple way to add a snippet of code to your site to make it easy for people to donate.

Depending on the system adopted, you may opt to receive money in euros, U.S. dollars, Japanese yen, pounds sterling and other currencies.

If all of the above fails:

a) Join a publishing network
If you are just starting up with your blog or small news site — and need either more traffic, exposure or experience before you feel you can do any of the above on your own — then joining a group blog may work for you.

Metafilter, Chris Pirillo's Lockergnome Channels, Blogcritics, WikiNews, Blogit or any of these group blogs, where I am always looking for additional contributors.

Working in a group blog can ease the pressure of having to post on a daily basis, gives you greater exposure in less time and exposes you and your ideas to an existing community of interested readers and other writers.

In some cases, like at Weblogs Inc., Creative Weblogging, Squidoo and elsewhere, contributing bloggers are also paid a share of the advertising revenue their blog generates.

Another great alternative is to look into the creation of local news sites and Get Local News has a smart idea ready to be picked up.

b) Blog your best without worrying about making money in any direct way. Money comes as a consequence of your extra exposure and visibility. Blogging creates extra income by allowing you to enter in close contact with relevant people in your areas of interest, and by facilitating exchange and contact with prospective customers through your online presence.

Simply blogging with no strings attached increases your credibility and authority in the field and earns you extra income when you are called to give advice. Having a blog to showcase your ability to review, explore or analyze issues and products is the best way to market yourself and to provide a living showcase of your talents and abilities.

All of the above are non-exclusive strategies that can be used in parallel with other activities to create multiple income streams for bloggers, news sites and other content-focused online resources.

A few guiding principles have stood out from my own experience in the search for creating multiple income streams for an independent online publisher, blogger or small news site:
 

• Relevance, Value
  People want to see relevant information. Related to the main subject. If they like what they find, what better opportunity to give them more of what they want? Make your readers kings and queens at your site! The products and services a publisher selects should fit the editorial line of the blog/site as much as possible; this ensures a true continuum between articles and promotional messages. 
• Complementary
  The additional ad or sponsorship information has to bring in value to the overall content. Selling prestigious and prominent content space for money without considering the relevance of the sponsoring firm to the sponsored content is a wasted opportunity for both sides. Given that no one enjoys being distracted by brand x or product z when trying to find something unrelated — why not leverage this natural and reasonable defense mechanism and match sponsors to relevant events and content spaces? Why not allow sponsors to provide extra value to the content/event offered by providing access/integration to premium-quality complementary resources? 
• Visual unobtrusiveness - Non-interruptiveness
  Sponsorships, text-based ads, promotional messages don't have to scream for visual attention. If they complement and enrich what is already out there, they only need to be properly and intelligently juxtaposed, formatted and legible, scannable and printable, just like any other content on their hosting page. A site's web developer should have full control over the layout and positioning of these items by using CSS. 
• Publisher Control
  The publisher must be king (or queen)
  This is what I think. It is the publisher and not the advertising agency or some obscure algorithm that should control which ads show up on my web pages. It should be the publisher who takes the role of information director in full; not just in respect to what is written, but also about what is promoted. Separation of editorial and marketing offices is not an advantage in the type of new-media universe I envision. Services like Blogads and the text-link clearinghouses facilitate this by allowing publishers to maintain full control of who are going to be their advertisers.

  Google AdSense provides some control of which ads are displayed by letting publishers filter out up to 200 advertisers that may not complement their content. Ideally, as I have advocated, a publisher should be able to select from a large inventory of relevant and complementary advertisers in the ads he wants to carry
  Endorsement

• A publisher should also in some way endorse the products she advertises as a way to provide value to her readers with such "recommendations." I have repeatedly refused to be a well-paid affiliate reseller or advertiser for products that I didn't believe in, while many times I have offered my space for free to companies and products which I thought deserved my readers' attention (proof is available, if needed). A sense of personal ethics and editorial coherence is all it takes.

Which monetization strategy to use?

Diversify income streams
Don't bet all your money on one horse and think like a coffee shop where money is made with many small transactions across a good variety of (generally low-cost) related offerings.

What I am learning is that you can make money by creating and cultivating multiple, small, income streams. Relying on one big source of income is always dangerous. If that resource disappears, so does your ability to survive.

What do you think?  

Source: MasterNewMedia
This work is licensed under a Creative Commons License.