Blog as we all know started only as a kind of online journal or diary. But it has evolved to be a potential money-making magnet as time goes on and if you know the correct steps to take, it could be a good source of a residual or even passive income to you.

These four methods you will learn will help you make money from your blog and no matter what niche you are in. These are the basic and well known means of how you can generate potential income which many bloggers had already done to their blog.

The four methods to make money from your blog:

1. Contextual Advertising

Google Adsense is an example of a well-known pay per click or contextual advertising program which you can make money from your blog. When you register to adsense you will receive a code that you must add or paste to your website. Every time a visitor from your site clicks on those advertising links it will be credited to you and you will be paid a few cents or more depending on what niche you are. There are also other alternative pay per click advertising you can register aside from Google Adsense, like Bidvertiser, Kontera, or Chitika.

There is also some contextual advertising that is similar to Google Adsense but quite different, it is an advertising that would help you make money with "lesser effort to you", I say this because once you register to this kind of contextual advertising and been accepted your blog posts will automatically hyperlinked for some certain keywords, you don't need to paste any code from your blog or website. These are what we called in-text advertising, which means it inserts text link ads within the content of your website or blog post. The in-text ads will look like double-underline links within your content. And like Google Adsense, you also get paid when someone clicks on a link.

Contextual Advertising is I think the easiest and simplest method to make money from your blog especially for newbies. And once you build more traffic to your blog, you can earn much more from this method. You can visit here to learn more about effective traffic building techniques.

2. Affiliate Marketing

The second method to make money from your blog is through affiliate marketing. What's good about affiliate marketing is that anyone can join and a possibility to pocket or earn a big amount of money. Anyone can be a successful affiliate marketer once you know how to do it properly.  And with this method, you can have the benefit of working from home and enjoying the freedom and flexibility of working for yourself.

Clickbank is an example of a well-known affiliate network where you can start your way as an affiliate marketer. You can choose a digital product from Clickbank that you can sell or promote from your blog, and when someone buys through your affiliate link you can earn almost 50%-70% of commissions.

There are also many other affiliate networks you can join online for free and promote their products to your website or to your lists and cash out a big profit when someone buys. Another good thing about affiliate marketing is that you don't need to worry about inventory or sending out the products to the buyers, it is simple to implement.

3. Get Paid for Reviews

Once you have some traffic coming to your blog, you can be paid to post reviews. There are many different networks that link advertisers with bloggers. You simply find an advertiser through one of these networks and promise to post a review on your blog about the product or service. You'll be paid a flat rate for your review. Be sure the product or service is relevant to your niche for best results with this monetization model.

4. Selling your own product

Lastly, if you already have a good traffic to your blog and loyal readers that have already built a level of trust with you they will surely be interested to any product you will create. You can also make money from your blog by selling your own product, it can be an eBook, a crafts, or anything you can think of that you know would be a help to your readers. You only need to advertise and sell it to your blog for another stream of income. You can create a sale's page of your product and link it directly to your posts.

So those are the four methods on how you can make money from your blog or website. You just only need to be patient and dedicated to what you are doing and you can really harvest a good result with all those means of generating money from your blog. I really don't believe of rich quick schemes of making money online. If you are serious and want to earn money online from your blog you need to start NOW.