Week 1: how to make money as a travel blogger?
In week 1, I encourage you to think how you will make money off your website – this blog is called how to start a travel blog and make money, after all! You may not make a lot of money straight away – but it is important to tailor your business such that it will bring in revenues. The most popular ways to make money are as follows:
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Stock images
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Affiliate marketing for Credit Cards
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Affiliate marketing for flights and hotels
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Advertising
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Sponsored posts
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Import/Export
Stock images
Are you a budding photographer, who loves taking photos? If so, then you can license these photos to be used on stock photos website
Affiliate Marketing
Affiliate marketing is when you have a link to an eCommerce website, (e.g. Amazon or IHG). Then when someone clicks through that link and makes a purchase on the website, you will earn a commission. Affiliate commissions can range from 2%-30% of sale price, and the customer will pay the same price, by clicking through your link. In general, affiliate marketing is a pretty great way to make money.
But please don’t fall into the trap of only promoting products for the affiliate commissions. It can be tempting to do this, but if you promote garbage to you audience then you will quickly lose their trust. I only promote products that I have tried and believe will serve my audience to help achieve their goals. I have had people read my guides, and say thank you for having affiliate links on my blog, as they could then contribute to the creation of these articles. You can earn money and create good karma!!
For Travel blogs, Credit Cards applications are an excellent way to earn affiliate commissions. If someone clicks through your affiliate link, and applies for a credit card, then you will earn an attractive commission from that transaction. You can have a review article that explains the benefits of the credit card, and why it benefits your target audience – and then provide an affiliate link.
Another way to earn affiliate commissions is by links to hotel groups and airline companies. If your readers make a flight or accomodation purchase through you affiliate link, then you will earn a commission on that purchase.
Advertising
Once you have created a following, advertising is an excellent way to monetise your blog, and get paid to travel the world. The most popular tool is Google Ads. It also possible to create deals privately, where brands can advertise on your blog.
Indeed, when you have a following above 1,000 – 2,000, then brands will start approaching you, and ask to get in front of your audience. I would advise you to be selective with what you advertise on your site… Your reader won’t be happy if they come to your travel blog, and find adverts for diet pills and cat food in every paragraph
Sponsored posts
Sponsored posts are a similar monetisation strategy to advertising. Brands will pay you to write a blog post on your website, that promotes their product or service. As with advertising, try to keep these posts relevant – avoid marketing knitting accessories if your audience wants to read about travel.
Import/Export
One very effective business strategy to get paid to travel the world, is import export. When you travel to a destination, you can purchase products that get made there and then sell them in your home market. I know many people that have successful businesses in import/export, and can highly recommend it.
The basic model to use is as follows:
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You think of a product that should sell well in your home market
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Find a seller on Alibaba, and buy 5 to 10 of the product
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Sell these products on eBay and Amazon in your home market, and assess the demand
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Travel to the destination where these products are made, and find a supplier
This model is actually easier than you might think. When you are travelling to a new location, visit the markets and ask about what local products they sell. If you like these products, there is a good chance that other people in your home market will like these products too.
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