This is first published by www.letnairaworkforyou.com and you can read up the second & third part there.
You think about it all the time – how great it would be to make money from your blog.
Yet, with monetization, things can get a little confusing. There are just so many different options.
Making money from your blog is not something that happens by accident.
It takes forethought, planning, and a winning strategy.
Once you understand all of the possible ways to monetize your blog, it’s much easier to devise the right plan.
Succeeding at Monetizing Your Blog

First Step is Understanding Your Options
There are almost limitless possibilities for a blogger like you to earn money online, but most of these fall into a small number of distinct categories.
This post is designed to show your options so that you can go on to make the right monetization decisions.
Without having a clear idea of what’s possible, you simply can’t make a solid choice.
Your destination is a blog that makes you money – you need to choose some routes that will get you there.
Let’s face it – blogging is hard work, so don’t make it even harder by failing to create a clear path to reaching your goals. You’ll end up investing time and energy on something that just won’t work for you.
When analysing your options, think about your end goal – do you want a more passive way to earn? Perhaps you want to offer a service? Maybe you just want to create and sell your own products? Not sure yet?
Whatever it is – we have it on the menu.

The Full Menu

I scoured the Internet for months trying to find the most diverse and proven ways to make money from blogs.
I’ve talked to every contact I have, conducted research, done free and paid courses and classes, read real books and e-books, watched videos, attended webinars, and have tried a lot of these strategies myself – if it’s not on the list, it probably doesn’t exist or just doesn’t work.
So don’t worry; I’ve got you covered!
Look through the list, and find your best options — or just see what’s available. Use it as a guideline for your blog monetization plans.

Display Advertising

Ads are great, but they can be tricky.
They can deliver staggering revenues, but for most people, they make very little. If you want success with ads, you must consider traffic,audience, and context.
Generally speaking, the traffic numbers of most blogs don’t have the volume to make a real dent with display advertising, and once you have the traffic, there are usually better ways to monetize.
Of course there are exceptions to the rules – so aim to understand your niche and audience before deciding if ads are right for you.
Overview
Pros: Easy to set up, offers passive income (set-and-forget), requires no special skills, works on most audiences, and works from day one.
Cons: Usually results in relatively small profits, requires a lot of traffic, turns off some audiences, makes your blog look less attractive, and is usually not the main revenue maker for a blog.
Best When: You have a lot of traffic, you have other sources of revenue, and you’re waiting to develop your own products for sale or quickly monetize without much effort.
You have many ad networks to choose from.Google AdSense is the most popular, but look into Media.net (Yahoo/Bing) and Clicksor. These ad networks are contextual – they automatically display ads based on your page’s content.
After you choose an ad network, there’re many different ad models you can use – each one has its benefits.

Here are the best options:
Display Advertising Options:

PPM

Get paid whenever a visitor lands on a page displaying the ad, as its “seen” — it doesn’t matter if the ad is clicked or not.
Pros: Visitors don’t have to click on your ads to make money.
Cons: Needs even more traffic than other ad types and usually pays less.
Best When: This is great for high-traffic blogs that have little audience interaction – news-type blogs for example.

PPC

Get paid when someone clicks on the ads displayed on your blog. (Prices depend on niche — more competitive = more money.)
Pros: Standard advertising model — it is the best bang for your buck.
Cons: You want advertisers with relevance to your blog to increase ad clicks.
Best When: In high competition niches that are relevant to your blog.

Banner Ads

Banner ads are placed in sidebars, headers, and individual posts. These can be PPC or PPM.
Pros: Common and effective form of advertising.
Cons: Can ruin the look of a blog depending on which ads are displayed.
Best When: You have control over which banners display.

RSS Ads

Appear in the RSS feed of a blog.
Pros: A great way to make money from your RSS feed.
Cons: With the decline of RSS feeds, these have become less popular; that doesn’t necessarily make them bad.
Best When: You have a large RSS list.

In-text Ads

These are ads that are embedded within your written text. When a reader clicks on them, it displays the corresponding ad.
Pros: They look like links, so there is no need for banner ads.
Cons: Distracting. People may find it annoying. Makes your blog worse from a usability perspective.
Best When: You don’t use other forms of advertising.

Mobile Advertising

If you have a mobile app or want to advertise via mobile channels. See: ADMob, Millennial Media, and Adfonic. There were 7.1 billion mobile devices connected to the net in 2014 – mobile and app advertising is set to take advantage of this in a big way.
Pros: Take advantage of a growing sector, less competition in the app sector, majority of web traffic comes from mobile devices.
Cons: Situational – you need to have an app or want to advertise in apps.
Best When: You have an app, and you want to capitalise on the growing number of mobile devices or when your audience largely uses mobile to view your content.

Advertising widgets

Use widgets such as AdSanity to help you manage and customise ads on your blog.
Pros: Detailed advertising information, makes your ads more profitable and customizable (e.g., display ads with higher revenue). Works with single or multiple ads.
Cons: Cost of entry, needs more effort on your part.
Best When: You already use ads with some success and want to increase their profitability.

Amazing