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Having a blog could be like a having a gold mine or like having a dust-hole. It is a matter of strategy and good planning. There are a lot of opportunities for bloggers to make money, but not all of them have been created equal. In this article I am going to review the best money-makers for bloggers having in mind that the goal here is to develop and maintain multiple streams of passive online income.

The top three money-makers according to my opinion and experience are:

1. Selling of Own Products

This could be an e-book or a short report. You can sell members access to a learning environment or your T-shirt designs via Cafepress.com. The kind of the product depends on your talents and passions. the sweet thing here is that you own the product, you have the full control on the quality and content. And - of course - the biggest part of the money is for you.

2. Direct Ads on Your Blog

When your blog and you develop some traffic (maybe more than 500 unique visitor per day) it is reasonable to offer ad space on your sidebar, in the posts, on the header. There are thousands of other bloggers, marketers, companies that would like to advertise in your niche. And if you succeed to create and manage a good and flexible ad service and strategy (you are selling ad space now, it is your product), you can make a mint of money.

3. Selling Your Services - Consulting, Speaking, Freelancing

Writing regularly in your blog articles that ad value to your readers you are going to create authority. This is very important and I’ll tell you why with an example. I am a regular reader of Copyblogger.com and I respect Brian Clark very much. He is a real professional and he writes good stuff on his blog. When Brian have started his mentorship program “Teaching Sells“, I was the first to get into it. And I made the decision in less than 5 seconds… A $97-purchase decision in 5 seconds! Hundreds of others do the same because of the same reason - they respect Brian and he is an authority person for them. So, if you succeed to develop authority, your audience is very responsive to your offers for services and products. Something more, they will call you first.

Of course there are a lot of other money making methods like:

• advertising programs
• RSS advertising
• affiliate programs
• copywriting for money
• reviews for money
• donations
• flipping sites/blogs

But the top three income sources I’ve mentioned are the most focused, the most profitable and you are in the highest possible level of control.

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So, I suggest you to focus on the Top 3. This is the way to turn your blog into an expanding and profitable business.