Your mindset plays a major role in whether your expanding blog empire succeeds or fails. If you begin another blog, you are diluting your focus from your original one. You will have remember to budget in the time for both.

How can we save some time here?

Look at things you see all the time in a different way. The cliche is think outside of the box. Look at the world online and even offline with an eye to what you can borrow for ways to monetize your blog. I have heard this called putting on your marketer’s hat and looking at the world with a marketer’s eyes.

Other blogs in your niche aren’t just your competition—each is a business model…you can borrow from. If you evaluate their blogs with this in mind, your competition has done 75% of your work for you. Just research and learn and borrow whatever appeals to you… Remember copy the model not the content.

Sometimes…even offline you can find gems. How about an affiliate venture with a local off line company in your niche or laterally in your niche?

For example, one of our Niche Friday Gifts was on a subniche of landscaping. Another of the keywords was hottub landscaping. Find a local hot tub contractor…and do an affiliate project with them once you’ve got traffic and page rank. I have found many offline business are very open to making the transition to the internet. Many times, they just don’t quite know how to go about it. Or, they’ve tried with limited success.

As an experienced blogger, you become the internet expert here. Is every offline business you approach going to say yes? No, but you find many will if you keep asking around.

Following the same idea, consider marketing to demographics. If you do your keyword research thoroughly, you can find many clues that can open up these possibilities. A while back we did another Niche Friday Gift on a subniche in baby adoption. We were asked how to monetize a niche that seems to doom you to only Adsense. When you come right down to it, this is about babies. Babies require a lot of stuff. There are even CPA offers for a lifetime supply of diapers.

Can you train yourself to ask what else might my readers (or even your list members) be interested in? Once you do, you will see more opportunities than you could ever put into practice.