Seven out of 10 bloggers I know blog for money, and there is no wrong in it provided as long as one follows some blogging etiquettes. A blog is a platform to express or share one’s opinion about topics which may or may not form a niche.

With the power of words and the underlying expertise, this opinion is converted to a principle and hence one starts making money. For professional bloggers, it becomes highly significant to not only create good content but also get good traffic, just because most monetization programs do not depend on content but traffic. Both of these factors are extremely important for a blogger to mint money.

Web traffic is such a paradoxical term which makes people dread about it offline, but get into its amorous embracement online. More the traffic on a blog, more are the chances to generate money.

Out of million bloggers on the web today, a very miniscule percentage of them are able to earn money out of their blogs. This is because most of the bloggers do not know the the correct way of presenting stuff to their audience.

Today, we shall check out some of the proven ways to work on, in case you’ve decided to quit your day job;

You got to research well to know the kind of topics that people like to read online. A small work around over the web will make you know that technology focused or product oriented blogs are the most read. This is one of the most targeted niche by bloggers, both amateurs and experienced. There are various others which you need to find out. Remember to write on topics which people like to read more as it increases your chances to make money. However, content is the king!

1. Implement traffic building strategies for your blog by registering at various forums, social networking sites and communities like twitter, reaching out to other bloggers, posting quality content and regularly updating of the content. More importantly, if there is an increase in traffic; it is important to sustain it by working harder.
2. Making ‘coffee money’ is not a big deal. So placing ads on your blog when it is new will not help anyone much. But, again this is a debatable topic and many would disagree with me by saying that ads should be displayed from the initial days. But, I would always prefer a strategy of ‘wait to monetize.’
3. If you’re thinking of minting money through ads, Google Adsense is one of the most widely used methods to monetize your content. The money that a blog generates depends on the category of the blog and the related ads being displayed on the page. The Adsense program has made many a bloggers rich and been one of the most effective mediums to make money from a blog.
4. A blogger can also look for paid writing positions on different blogs. If you have carved a niche for yourself, it becomes easy to write for others and your own successful blog becomes a testimony of your blogging skills. The motivation here should be to bring good name to your blog with exposure and experience on writing at top blogs, the additional income being an icing over the cake.
5. Determine new ways of income apart from the traditional ones. Look for new contracts that will fetch you a lucrative income. Publishing a book, selling personalized products and services, etc. are some of the methods by which a lot of established bloggers make money.
6. Indulge into Affiliate Marketing. It is good to initialize your affiliate marketing skills by promoting products that you like. R.T. Butcher clarifies the practical application of affiliate marketing when he writes, “Just find a merchant on one of the many affiliate networks (search Google) and place a link or banner on your blog. Whenever someone leaves your blog through the banner or link and purchases that product you can earn a commission”.
7. One of the hottest methods to earn money is by selling ad space on your blog. An ever increasing number of companies act as an interface between a blogger and an advertiser to get relevant ads on your blog that will become another money making tool for you. The key here is to strike a good balance between the ads and the content; otherwise the results can be disastrous.
8. If there is a demand of the various posts you write on your blog, you can sell fresh content to other blogs and make money. Selling content has made quite a few bloggers help run their businesses better. SEOmoz is one of the leading SEO firms which have successfully sold memberships on their site which gives an access to quality content.
9. It is also advisable to have a good set of widgets on your blog as they can augment your blog. Joining a site such as BuySellAds, WidgetBucks helps a blogger get advertising widgets to display in addition to being in rich media format which increases the aesthetics of your blog.

These were a few methods which have been tried and tested in the blog-o-sphere. One needs to be highly active and must be a quick learner to accommodate with the dynamics of money minting strategies on the web.