SBI! for WP Review Action Guide Day 4 – Research and Plan Monetization

SBI! for WP Review Action Guide Day 4 – Research and Plan MonetizationI’m so relieved to have my site structure set! It’s a huge relief to know what I’m going to write about. I’m not a stickler for schedules, so I don’t have a timeframe in mind. I’m shooting for daily writing but at least 3 posts a week.

Other than that, I don’t have a plan for how often I’ll write.

But now, it’s time to research my monetization options.

I’m going to get through this a little faster than someone who has never built a site, never blogged before, simply because I have experience.

Even so, I’m going to go through the training, follow the steps, and see where this takes me because the last thing I want to do is build a site and find out there’s no potential for a solid income.  😯

In case you’re not caught up on the whole SBI! for WP review, you can read Part 1, Part 2, Part 3, Part 4, and Part 5 here!

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Knowing Your Visitor…And Their Pain

It’s crucial to understand who your reader is and what their pain is – so you can offer solutions in the form of information and recommendations.

On this day, you go through an in-depth process for getting to know your visitor and for researching 7 types monetization, beginning with advertisements and working all the way through 6 more options.

Choose Your Monetization

At the end of this day, you’ll decide on two forms of monetization and feel manageable for you. I like that the idea here is to be comfortable working in monetization and to not get wrapped up in all the different options available.

There’s always time to add stuff in and grow!

So will you start with ads and affiliate programs? Affiliate programs and digital products? What about selling hard goods as a drop shipper or wholesaler?

You’ll figure that out here but know that nothing is set in stone and you can change your mind, adapt, and grow your biz as you feel like it.

You’ll also learn about what to do if monetization just isn’t working out.

My Progress, So Far

I’ve done some research and I’m particularly excited about using affiliate programs and my own digital products.

I don’t know if I’ll put ads on this site. Google ads are easy to start with but they can look trashy and unrelated to a site’s content.

Same goes for other ad types.

Have you seen those blogs that have an add above the content, below the content, on top of images, in the sidebar…they clutter up the page and make you work for the content.

I don’t like it as a reader but as a business owner, I can’t deny that they bring in money.

So for now, I’ll keep them off the site and if I want to try them later, I’ll do some testing.

I’m feeling good about my plan!

How are you doing in your business? Did you plan monetization before you started or did you wing it as you went? Let me know in the comments!

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