So if you’re thinking about launching a lifestyle blog in 2021 and finding some quick ideas to monetize your lifestyle blog, you can consider using them. Let’s discuss in brief above three income sources so you can better understand about monetizing your lifestyle blogs with ease.
1. Brand collaborations:
This is the #1 income source for most influential bloggers and experts in lifestyle and fashion industry. They prefer brand collaborations to make money through their lifestyle blogs.
So how does it work?
Brand collaborations simply means, you get paid for featuring and mentioning other brand products (fashion, health, beauty etc). Here’s where you frequently mention the brands that you’re collaborated with.
Usually the fashion and lifestyle bloggers mention and promote the products through their;
- Blog posts
- Instagram posts
- Facebook posts etc
A brand collaboration can be as simple as wearing a t-shirt from a brand and showcasing it on your own lifestyle blog or Instagram post. The money you make from brand collaborations is directly proportional to the quality of your traffic and engagement of your posts.
2. Selling affiliate products:
Affiliate marketing is hands down, one of the widely used income sources for 90% of the bloggers in any industry around the world.
The reason most bloggers and marketers are heavily dependent on affiliate marketing is because you promote others products (you don’t have to create your own products to make money) and you can earn passive income even while you sleep.
So how do lifestyle bloggers are using it to make money?
Most of the lifestyle blogs are either using Etsy shop to sell affiliate products which are related to style and beauty or they are using Amazon associates to sell products to make money through affiliate marketing.
The money you make from affiliate marketing directly depends on the commission of each product that you promote. Also depends on the type of affiliate marketing platforms that you use (Amazon commission is different from Etsy shop). So choosing the right products which are high paying with the right platform can help one make more in affiliate commission.
3. Speaking engagements, events or sponsors:
There are so many brands and product developers who take advantage of influencers audience by paying them money to conduct events on behalf of their brands to sell their products. It’s a win/win approach for both.
There are also few bloggers who conduct paid speaking gigs to teach their audience how to improve their lifestyle or boost their income.