I often have friends, coworkers, and even business clients ask me how I make money online with my blog, and here are a few tips I've learned over the last couple of years.

I've actually learned more from my failures than anything else, but if you follow these tips you can avoid the mistakes I made early on, and can turn your blog into a money making machine.

Get Traffic

This is easier said then done, but is one of the most important aspects of monetizing your blog. Your chances of making money from your site increase as the number of visitors consistently increases (assuming you follow the other tips listed below).

Long term, steady, growing traffic comes from your articles finding their way higher up the search engine results, which happens when:

1. Your articles contain useful content that gets them listed high up on the search engines results.

2. Your articles are linked to from other sites that are high up on the search engine's results.

Bottom line, if your site isn't getting much traffic, then it won't make you much money either. Some blogs just weren't cut out for making money, and if your blog isn't getting a lot of traffic then don't bother trying to monetize it.

Get Bookmarked

The majority of my site traffic comes from Google search results, and from social networking sites that link to my articles (Digg, Delicious, Reddit, StumbleUpon, Facebook, Diigo, etc, etc)

Knowing that most of your long term traffic will come from search engine results and social bookmarking sites, why not jumpstart the process by submitting your own articles to these sites?