Step 6https://contenthacker.com/what-is-a-personal-blog/:

Make money from your blog
Once you have put in the effort of creating great blog content and promoting your blog, making money from your blog is actually the easy part.

Blogs have the potential to be extremely lucrative, but don’t assume that you’re going to start making money in the first week, or even in the first month. It could take six months to a year to start seeing a steady stream of income. Blogging takes work and dedication, but once you develop a large enough audience, there are several methods you can employ to monetize your blog. 

Sell advertising space
Once you have a popular blog, advertisers will be hounding you for the opportunity to advertise. The best way to take advantage of this situation is to use Google Adsense. Google finds the advertisers for you and all you have to do is place the Google Adsense code on your blog to start running ads. Google Adsense takes all of the hard work out of the process and just cuts you a check.

I go into the full details of how to set up Google Adsense for your WordPress blog here.

Sell affiliate products
An affiliate program is a commission-based way to advertise. When one of your readers clicks on a link on your blog, they get sent to an advertiser’s site and you earn a commission if they purchase. Affiliate links are a nice way to earn income through the use of product reviews. However, you must remember to disclose that you are an affiliate for the product.

Sell Products and Services
Selling your own products and services directly on your blog is a great way to increase your income. As your blog grows and you begin to see a wide audience, your products and services will begin to sell themselves.

Use the sidebar of your blog to increase the visibility of what you sell using visual images and a link to your storefront page.

Sell digital downloads
Ebooks, video tutorials, and e-courses are the most commonly consumed digital materials sold by bloggers. With little to no overhead and no shipping costs, you can keep the price low and inviting.

If you are extremely knowledgeable in your field, an ebook can practically write itself. Give it a try, you might surprise yourself!

Sell memberships
Another way to monetize is by creating membership options on your blog. This allows you to offer members more exclusive content only available with a paid membership. For example, you could offer unlimited downloads of digital goods, free consultations, a private network or forum where community members can mix and mingle, and private content available to members only.

There are many ways a blog can capitalize on popularity and traffic. Choosing the way you monetize from your blog depends on your goals and the purpose of your blog. Those who are selling services, physical goods, and digital goods, for example, may not want to participate in affiliate programs where traffic could be lost to another site.

For more information see my full guide to making money blogging here