If you want to make money out of your blog, there are a few classic ways. But you might need to have a bigger number of readers in order to really feel that there's an income.

It's about adding ads or using affiliate links. Both of them can be used for any type of blog (social media, travel, fashion, tech etc.). You might find it a bit tricky with affiliate links, but don't worry! There are plenty of companies of all types that use affiliate marketing.

Again, there is a lot of information to take in, so I suggest to read about this subject in the separate article.

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Now we are here to discuss how to build a business around your blog. Maybe you've already implemented ads on your blog. Or maybe you've already tested the affiliate links market.

Seeing that people constantly read your blog articles, makes you think bigger. You've been successful in creating a blog community, along with a big number of followers across social media platforms. Maybe you can actually build a business around your blog.

Let's follow the steps that I mentioned above.

Remember! Even before adding ads to your blog, or using affiliate links, make sure to get some help from an attorney regarding information on being legal. Those ads will generate you some money. If you're part of affiliate programs, you might have to declare your income. Either way, earning money by yourself doesn't make you free of paying taxes, so be sure to read the law or ask for some help.

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Transforming your blog into a business means that you have to view it as a business. In Marketing and Sales, the first step you do when creating a business is a business plan.

I remember the college courses that thought us about business plans and what information to include. They were a bit scary at that moment, and you might have the same feeling right now. Seeing that it can contain a lot of information, might make you feel overwhelmed. But there are only questions that will help you know exactly what your business is going to be like.

There are about 8-10 parts in this business plan. Each focuses on a different aspect of your future business.

1. Business Summary

Mission Statement, Existing Growth, Products/Services, Goals.

So the first part of a business plan is basically a short review of your business. The mission statement is no more than a brief explanation about what's your blog/business about.

When you came up with the ideas of building a business around your blog, you might not have thought about this. But what's your purpose and why do you want to create this business?

The Existing Growth can be included if you already have a blog. Describe a bit when you started, and how did your audience grow over time (in terms of followers, page views etc.). What benefits did you have?

In the Products/Services part, you have the chance to point out some short ideas about what do you want to sell. Also, you can mention how do you want to sell your products/services?

The last part is about your Goals. Where do you see your blog business in the future? What are you planning to achieve? Now, these goals are quite vast; they can easily be confused with hopes.