The word “leverage” can mean different things to different people. In its most literal sense, “leverage” means gaining a mechanical advantage or power through the use of a lever. Perhaps a little more interestingly, “leverage” can also mean having the power to influence people, decisions or events (sort of like “holding all the cards”). It’s also a financial term that involves making a small investment to get a big return. A common thread among all these definitions is this: using something relatively simple to get something significant in return. So what does this mean for blog owners? It’s simple – use things you already have at your disposal to gain more traffic and income.
Take blogger Darren Rowse’s DigitalPhotographySchool.com site for example. This site is seen by over 3 million people each month and generates a decent amount of income for him. However, it wasn’t always this way. In April 2006 when the site was founded, it was just a simple blog that saw 3-4 new posts a week and made only a few cents per day. Now, the growth of a blog can be attributed to many different factors: having quality content, generating a subscriber’s list, good seo, etc. But Rowse explains that “leveraging” had a big part in his blog’s development:
- He directed readers from a previous photography blog to his new site.
- He used his connections in the photography blogging world to get some promotion from other sites.
- He got his Flickr followers to promote his site.
So, among other good practices, he used resources that he already had on-hand to help him popularize and monetize his new site. What could this mean for you? How about minimum effort and more money. It’s not too good to be true…
Leverage Your Content
Bloggers have different posting rates – some people post twice a day, others post only a couple of times a month. Obviously, posting more often is ideal. But what’s happening to all that content? Does it just sit around collecting “Internet dust” so to speak? Start leveraging your old content by turning it into something that will make you money. Try this:
Create an Ebook – Find a series of articles that have a similar topic and compile them into a marketable format. For example, say you run a holiday-themed blog. You sell Christmas decorations, Halloween costumes, Valentines Day accessories, etc. Over time, you’ve created many articles about dressing up for Halloween – take a look through them and start organizing. If you find that you’ve created many articles about group costumes, you could create an ebook entitled, “Couples Costumes for Any Occasion” using only old content and images that you already have at your disposal. This book could then be sold on your site. Alternatively, you could offer it as a free reward for anybody who signs up for your email list or becomes a member.
Create a Video Series – Let’s stick with the Halloween costumes example. Say you’ve got a bunch of articles that describe, step by step, how to create certain costumes. Use this content to create videos of the costumes actually being created. Now, this is a little more labor-intensive, but lets face it – people love video content, and it’s going to be worth your time. After all, the 2010 Implix Email Marketing Trends Survey reported that video content in emails increased click-through rates by 96 percent.
Create a Membership Section – Make people pay to access some of your content. This doesn’t necessarily mean picking out your best content and making it available only to members – try luring them with some great content and providing “more of the same” in the membership section. For example, post one of those Halloween costume videos you created on your homepage. Then tell your readers that they can access more insightful videos by becoming a member for only $4.99 a month.
Post on Social Media – Recycle some of your most interesting content by posting it on Facebook (assuming you’ve done the legwork of building up a social media presence). With this strategy, you won’t want to always post entire articles or videos. Give your followers just a bit to get interested – then send them to your site and go in for the sale.
You’ve probably noticed a common theme in these examples – email marketing. Whatever you decide to do with your content, don’t forget to send some of it to your email list. Sending one of your already-written posts in an email ensures that more people will see it. Try to select content that will get people intrigued about your site. For example, titles like “Craziest Halloween Costumes I’ve Ever Seen” or “The Cost of Christmas: Why You’re Going Broke in December” will pique your readers’ interests and get them to visit your blog more often.
Leverage Your Visitors
Darren Rowse leveraged readers from an old site to promote his new one. Assuming you have at least some traffic already, this traffic can be used to “do the work for you:”
Refer-a-friend Promotion – This is something that many successful poker sites, phone companies, and even World of Warcraft implement. Simply provide a reward for a user that gets another person to become a member, sign up for the email list, or buy a product. You’ll end up giving some things away for free, but hey, that ebook didn’t cost too much money to make, right?
Social Media Buttons – Social media is a cost-free platform that allows readers to share anything on your site with hundreds of other potential customers. Make this easier for your visitors by implementing social media buttons on your site. For example, you set up the Twitter button to appear beside each post title on your blog. If somebody likes your post, all they have to do is click this button. Suddenly, your post is visible to all of that reader’s followers. You can add this type of button for Facebook, Digg, Google+, and delicious as well.
Leverage Other Bloggers
Do you know other bloggers in your niche? Maybe you’re even good friends with other people who blog about related topics. There’s nothing wrong with asking a favor, and your leveraging can often be beneficial for both parties.
Guest Posting – If you have contacts in your industry, use your charm to get published on their site. Guest posting allows you to attract targeted traffic that is already interested in your niche. If your guest posts are of a high enough quality, the blogger may even allow you to post on a schedule. The more you broaden your audience, the more potential traffic and sales you’ll see.
Blog Comments – It’s good to participate in the comments section of your guest posts. But more broadly, it can be beneficial to comment on any post that’s related to your niche. If another blogger posts a popular piece about St. Patrick’s day, for example, create a high-quality informative comment that answers a question, adds to the discussion, presents an alternate viewpoint, or maybe just uses a bit of humor. Other readers will be interested in clicking the link to your St. Patrick’s day accessories if they see you contribute a memorable, valuable comment. Read the blog commenting strategy article for more details.
Whenever you’re looking to increase traffic and income (read: all the time), think about what you already have. There’s no need to constantly create new things, form new relationships, or attract new readers to make more money through blogging. You can even use this post to start leveraging right away – can you leave a comment that will get me to visit your site?
Comments (9 responses)
Membership section can really boost the blog income however, the membership model doesn’t works for a new blog. For established blogs, it definitely pays a lot. Thanks for the tips.
Thank you for the good information. It will really help all the new bigger. Nice work.
Thank you for explaining this very important concept so clearly and simply. We can have the best content in the world but if we aren’t proliferating it out into the world, we are limiting our audiences!
Leveraged income can be defined as the income derived from the efforts of others. Outsourcing some of your business tasks can be a great way to achieve that.
I think I need to “Create a Membership Section” for my Site.
any way you Leveraged this post very well.
Great ideas! My site is new and I have a new FREE ebook offered as an opt in, but now need to continue to gain followers and get an ebook written to sell! You always offer wonderful Tips. I always find something that I can implement right away. Thanks!
Might also take a look at http://anthologize.org/ can take your blog post and easily make a book/ebook of similar posts.
I am building a new WordPress site on a low budget and this is exactly the kind of information I need. And, this is the clearest explanation of the word “leverage” that I have read. Thank you. I will put this good information to use.
Very nice example of how to use leverage to increase blog income. Thanks for sharing.