Now get back to the topic for the day and let’s discuss some tips which should help you make a good amount of money from your niche blog:

Google Adsense seems to the obvious choice whether you want to monetize your general web site or niche specific blog. You could make good amount of money for every click especially on a niche specific blog. No doubt you could try several money making programs on your blog, but I would recommend keeping Google Adsense as one of method you are actually going to implement on your blog. No doubt I have already blogged about some Google Adsense Alternatives here. You should check them if you are looking to find some real money making alterative for Adsense.

My second recommendation will be selling some products that matches your blog niche and the kind of content found on your blog. Best situation for you will be creating one or two products of your own around the chosen niche as that will give you huge money making opportunity. And in case you want to look at much easier ways to earn money from your blog, you should start promoting other’s people product on your blog.

You should only choose products that are matching your blog niche and you are recommending them to your blog readers because they are very high quality products and will be helping in fixing lots of your reader’s problems. Your only intention behind promoting a product should not be just about getting maximum profit. I have seen some affiliate marketers are able to make a good  income just by referring good affiliate products with their target audiences.

Some websites you could actually try to find targeted affiliate products for your niche blogs are Amazon, ClickBank, LinkShare and Commission Junction.

As you are producing very high quality content around a particular niche and have already established it as one of best blogs in targeted niche, so there will be lots of advertisers in that niche who would be interested in getting a presence for their product on your blog. They may be interested in placing a banner or text advertisement on your blog in exchange for some monthly fee.

You should set up an advertising page on your blog mentioning all advertising options on your blog. Be sure to include some social proof , page rank and Alexa rank. You can also try selling banner space on your blog using BuySellAds type of ad networks.

Apart from that, there will be some advertisers who want you to review their product based website on your niche blog in exchange for some monetory benefits. Writing reviews about products that are matching your blog niche is going to be very beneficial for you. In this case, you are going to update your blog with a fresh and targeted content and at the same time, going to get paid for your blogging efforts. In long run, you could expect receiving lots of targeted traffic to such posts from search engines.

So by now, you must have established yourself as an expert in your niche. Now it’s time to use your expertise to make more money. No doubt, you can use your expertise to create more niche blogs and thus end up with more profits. But at the same time, you can make a good amount of money by helping other bloggers and website owners in your niche to set up their blogs. If you have established yourself as a blogging Guru and know how to make huge profits, no doubt you can help other guys as well repeat the same kind of success with their blogs.

With this intention, there will be some people who will be interested in receiving your one on one coaching or training to get answers for their specific questions.

If you ask me personally, I have so far made good earnings from Google Adsense, selling other people’s products and selling ad space on my niche specific blogs. So far I have not created a product of my own. These days, I’m trying to sell my expertise in the blogging niche in the form of guest blogging services and WordPress installation services as a good way of making money.