Most of us really enjoy the fact that we’re able to make real income from our blogging and online efforts. And although capitalizing on our website’s traffic and success and generating a real source of revenue can be tricky and confusing, it can also really pay off (no pun intended). There are so many ways to make money online and there are so many ways to maximize our potential through these various online income sources. So let’s talk about it.

Popular Blogging Income Models

To kick off our conversation, I’ve listed five of the most popular forms of making money online. I’ve created in point in such a way as to encourage you to provide feedback. Let’s work together as we go through this list to share our experiences with one another. Let’s make some money together online.

1. Advertising: Google Adsense is one of the most popular ways for bloggers to draw in profits from their web traffic. Chances are that you use adsense on your website. If you do use it, tell us the best tips for getting the most out of it at our websites. If you don’t use it, tell us why you don’t.
2. Products: Another incredibly lucrative form of income is to sell your own product at your site. Perhaps you sell a print book, an eBook, a membership club, a physical product that you ship, or anything else. Do you have a product that you sell at your site? Are you working on a product that you plan on selling? What tips do you have for other bloggers and webmasters working to turn some profits in this area of income?
3. Affiliates: As an affiliate you make a commission from sales that you direct toward another person’s product. The more that you sell, the more that you make. It’s similar to advertising except that you only get paid when a user actually makes a purchase. Do make money from affiliate sales? If so, what is the most profitable program that you’re a member of? What tips would you give to others who are looking to get into this?
4. Paid Reviews: A paid review is simply an opportunity for someone with a product to pay you a flat rate to write an article about it telling your readers how you feel about it. Have you ever done this? Would you recommend this? Why or why not?
5. Sponsored Tweets: Similar to paid reviews, sponsored tweets are tweets that you get paid to tweet. I’ve currently made hundreds of dollars from sponsored tweets and I find it a consistently growing form of income. What about you?

Group Discussion

I’ve learned that the wisest men are those that surround themselves with people smarter than themselves.  American presidents surround themselves with a cabinet of well qualified men and women to advise them.  Corporate CEO’s bring in consultants to streamline their business design and maximize their successes.

Today I’m looking to you.  You get to be the consultant.  You get to advise me and everyone else reading here what you think is the best way to increase profits while maintaining a positive user experience.

Use the comments section of this post as a forum to post your thoughts, experiences and opinions on this subject.  Share your own ideas or discuss your opinion about what others have shared.  Let’s hash it out together and come up with the best practices for maximizing our site’s revenue potential.

A week or so from now I’ll compile all of our knowledge into an income strategy guide and publish it on here for everyone to see.

I’ll see you in the comments.