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Hi Ami,

There are many ways to turn blogging into a business.

1. Ads
2. Affiliate Marketing
3. Workshops, Meetups, Conferences
4. Premium Content, Private Community, Coaching
5. Ebooks, Courses, Amazon Books

And you even be able to sell the blog as a business.

In order to have all the above works, you need to have regular engagements or readerships within your blog.