There are 5 ways to make money with your blog (or website). Might be others – I’m open for suggestions: 

1. Sell ad space on your blog
2. Write articles for other companies/blogs/individuals
3. Syndicate your blog posts to other blogs/Sell Blog Subscriptions
4. Sell your own things on your blog
5. Sell third party goods online

1. Sell ad space on your blog

One of the most popular ads is GoogleAds: https://www.google.com/adsense (although they pay you only when someone actually clicks on the ad) and the Yahoo Publisher Network https://publisher.yahoo.com/portal/login.php

Selling ad space is fairly easy to do; just create a section on your blog that describes the benefit for companies/individuals to place an ad on your blog. 

One word of advice though: When you start this adventure, do not fill your blog to the gills with ads – it will not look very professional. Your readers need to see what you can offer first before they will buy anything from you or off your blog. 

You can spot a newbie, right-away by the imense number of ads running on his/her site, trying desperately to make some dough. People do not respond well and they will leave your site fairly quick before you can even write about your expertise. 

Here’s an example from the highly acclaimed blog called doshdosh (http://www.doshdosh.com/advertise) 

Dosh Dosh Advertising Page

Same can be done for a website. The more traffic you have the more you can charge. 

If your blog has low traffic you can always go to TextLinkAds or TextLinkBrokers. Even better connect with your network in Facebook, LinkedIn and Twitter and let them know you are offering ad space on your blog for a minimum of $XX amount per month. You will be surprised of the response you get. 

2. Write Articles for other companies/blogs/individuals

This usually frightens some people but you don’t have to be an expert in a particular field.

You’ll have to show proof that you: 

 - are a creative blogger
 - have articles you wrote and published on your blog, ezines or squidoo lenses
 - comment and are active on other blogs as well
 - are proficient using social media, plug-ins and add-ons
 - have a basic understanding of simple SEO rules

The best way of all is to show that you are a pro is creating, maintaining and actively contributing on your own blog. You should have at least 3-4 months under your belt and a minimum of 30-50 good articles consisting of 250-500 words each .

The core subject or theme of your blog does not matter as long as you write frequently and professionally. Obviously check for grammar. Write well and write often. 

3. Syndicate your blog posts to other blogs/Sell Blog Subscriptions

If the information posted on your blog is in high demand you might want to think about syndicating your blog.

You can accomplish this through 3 easy steps:

 a. Find out what your blog’s feed is (it should look like this: http://feeds.feedburner.com/your-blog-name-here)
 b. Customize your feed through the feed dashboard
 c. Finally – publicize your feed to your readers.

Others have started blogging and got so popular that know they sell subscriptions. See problogger.com 

Again, based on how popular your blog is, the amount of money you can charge can vary. Initially start small and as you add more value you can increase the dollar amount you can charge.

4. Sell Your Own Things

In the fortunate even that you already have something to sell on your own, you’ll have to have some additional tools along side your blog: 

 - If you are selling digital assets (e-books, art, photos, music, etc.) you’ll need an ecommerce shopping cart and a PayPal account.

The alternative is http://www.payloadz.com or http://www.payloadz.com

 - If you are selling physical, tangible products you’ll need all of the above, a FedEx account and…lots of boxes.

The majority of bloggers sell their ebooks and books, usually directly from their blog using a simple PayPal account.

5. Sell third party goods online

This is the part where beginners make the mistake of selecting products that they enjoy disregarding their reader’s likes and dislikes. Chose the products your reader base enjoy and look for. If your site is about web design don’t post ads for MP3 players or mortgage adverts. 

People that come to your site seek your advice in whatever you are writing about so offer them the things that augment your articles and the entire theme of your blog. 

Look for products to sell by signing up as an affiliate. For instance I host my blog with JustHost. I love their customer service and I think it brings a lot of value to every webmaster out there; I therefore promote their company on my site, of course getting a little money for that. 

Other sources where you might find good affiliate programs: 

Clickbank: http://www.clickbank.com 
Commission Junction: http://www.cj.com 
Hydra Network: http://www.hydranetwork.com 

Once you set this up, you’ll need to promote your blog so it increases in traffic and thus your chances of selling directly from your site. How can you do that? See below a list of articles talking about that. 

Related articles by Zemanta

• How to Make $250 Online per Day (defactomind.com)
• Five Techniques That Can Create An Income From Your Blog (webmanmarketing.com)
• Generate Revenue Online With Top Blogging Websites *** (franklinbishop.net)
• How to Start a Blog in 5 Easy Steps (defactomind.com)
• How To Make Money Online (untreatableonline.com)

Here’s a short but comprehensive list of things you can do to generate at least $250 per day:

• Place Google AdSense ads on your website/blog: https://www.google.com/adsense
• Head over to Yahoo Publisher Network and add their ads to your site: https://publisher.yahoo.com/portal/login.php
• Do the same thing by accessing Commission Junction: http://www.cj.com/
• …as well as Link Share: http://www.linkshare.com/
• …and also Azzogle Ads: http://www.azoogleads.com/corp/index.php
• But mostly ClickBank for tons of affiliate links and ads: http://www.clickbank.com/index.html
• Don’t forget to check this one out too: http://www.hydranetwork.com/
• You can also sell links directly on your site with http://www.text-link-ads.com/ or Text Link Brokers at http://www.textlinkbrokers.com/
• If you love to write about stuff and want to get paid for it go here: http://www.reviewme.com/

All that is left is promote the heck out of your website/blog to build traffic and thus vital click enablers on your ads. Now, don’t go nuts and include every one of these links or you might run the danger of transforming your site into a 24/7 rotating carousel of ads and links and I’m not sure that’s such a great thing; it wouldn’t be for your readers. Good luck!

Related articles by Zemanta

• How to Find Profitable Affiliate Products to Promote (problogger.net)
• How To Make Money Online (untreatableonline.com)
• 5 Strategies to Make Money as an Affiliate Marketer (johnchow.com)
• 100+ Top Make Money Online Resources! (tipsblogger.com)