This is Your Life

#087: How to Monetize Your Platform [Podcast]


Listen Later

When I started building my platform, it never occurred to me to make money from it. When someone suggested I start accepting advertising, I resisted because I thought (erroneously) it would compromise my integrity.



Then I realized that all professional creatives charge for their work. In fact, this is what separates the professionals from the amateurs.

Click to Listen

Let me share three ways you can maintain your integrity and monetize your art without selling your soul.


Promote Affiliates. The key is to find products you actually use and you believe will be beneficial to your readers. I have three rules when it comes to affiliate products:

I have to use it and love it.
The company must have outstanding customer service.
I disclose it.


Sell Advertising
Create Products


The key to monetizing your art without selling your soul is to offer ads, products, and services that are congruent with your brand and will add value to your readers. Make sure you look at the resources below. I included tons of tools and links in this episode.

Listener Questions


Lisa asked, “What do you think of the idea of selling ‘backlinks’ on your Blog as an additional way to monetize it? If you’ve got a good Google PageRank I assume a backlink is of value to other Bloggers (for SEO purposes) and hence may be prepared to pay for it.
Nina asked, “For attracting visitors, do you use the visitors or the page views per month? I have about 9,000 visitors and 20,000 page views, so if I doubled that, I could potentially sign up for BeaconAds. What do you think?”
Emily asked, “I’m curious if you think it’s appropriate to monetize a non-profit ministry’s blog. We mostly run off donations, and while we do have a handful of affiliate links, we've never sold ad space.”
Josh asked, “Do You think its okay to put affiliate ads on the sidebar on a fairly new blog with very little traffic?”
Scott asked, “What service do you use for automating the sale and distribution of eBooks from your website? I am just finishing my first and not sure how to set up my sales so I'm not personally processing payments and emailing books.”
Lori, asked, “Do you have a team of people pulling this all together for you so can concentrate on the content?”




Special Announcements


People often write in to ask, “Can I pick your brain on something?” I finally decided to address this head-on. If you are interested in picking my brain on something, let me encourage you to go to MichaelHyatt.com/pickmybrain
If you have a question, comment, thought or concern, please leave me a voicemail:

This is a terrific way to cross-promote your blog or website, because, if I use your question on the show, I will link to it.


Episode Resources

In this episode I mentioned several resources, including:


Advertising Service: Beacon Ads
Advertising Service: BuySellAds
Affiliate Program: Amazon Affiliate Program
eBook: Evernote Essentials by Brett Kelly
eBook: Writing a Winning Book Proposal by Michael Hyatt
...more
View all episodesView all episodes
Download on the App Store

This is Your LifeBy Michael Hyatt

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

2,537 ratings