This is another favorite income stream of mine. My first digital product was my ebook Tell Your Time: How to Manage Your Schedule So You Can Live Free which still sells every month. Another digital product of mine is the Knowtbook, a form of premium content.
If you are new, obviously don’t try to fit all of these income streams in at one time. You should build on it and work on one at a time. Slowly build your income. Think of it in terms of a job. When you start out at a job you don’t usually start making the big bucks right away. After time and experience come into play, then you start making more and more money with raises and promotions. Now you can make a ton more money online than a typical job but it is the same concept!
In total, it took me about eight years to get here, but in exchange for investing those eight years, I now have enough money to support me until the day I die. Also, every day I get emails from people telling me how I changed their lives for the better.
When an up-and-coming band auditions to be an opening act, do you think the more famous band cares where they have played? Not really. All they care about is the strength of the audition. If the up-and-coming band is good, they get the gig. If they suck, it doesn’t matter where they played or how good everyone else says they are, they get a polite no.
Jon, love the part when you said, it is your responsibility to pay back to the industry. I genuinely feel that although you get paid for all this, you still tell us the “real information” which not many people do. You are generous in sharing. Keep it up the good work and thanks. Cheers
Same thing with guest blogging. If your post is good, you’re in. The editor won’t even look at your blog, most likely. Or if they do, it’ll be a cursory glance just to make sure you don’t have anything offensive on your site.
Excellent post, and very encouraging! My coworker knows I love to write and was toying with the idea of starting a blog, so for Christmas he offered to go halvsies on my hosting and domain. That was definitely the push I needed, and I did a ton a of research before finally taking the leap, but I still feel like there is so much I need to get a good handle on!
The income from affiliate marketing is almost entirely passive. You don’t have to worry about creating products, supporting customers, or any of the technical complexity of selling your own products or services. You can also invest the time you save into growing your traffic, leading to more revenue later.
I read your entries about asset portfolio too, great work btw! Are you currently loving your turnkey purchases? Have been looking into turnkey purchases with intention to put long term tenants there, but since I live in UK now, it’s a little pain in the butt to fly back to the state. So my question is, did you literally just fly there once and see the place, then just hire someone to do it all? Any problems so far?
So, I do hope, Bill, that you are in the midst of preparing an inspiring blog full of up-liftment that we can all enjoy. In the meantime, please accept my kind regards and my wishes for your success in the future. Onwards and upwards!
My other point is to say, don’t blog for $10 a post. There are living-wage blogging jobs out there. Anywhere a company or publication needs to talk to a specialized audience, there’s an opportunity. Blogging really can pay the bills.
Thank you for the openness of your blogging. It is hard to find people willing to be as transparent as you are. I have only just started reading through your website over the last couple days and I am inspired by your story.
Just one word: WHOA! This post was so good that I bookmarked it!! 2 things amazed: your story about how it took about 8 years to bring it to that point (proves that there’s no overnight miracle that can happen in a snap of a finger) and the fact that you use tools and strategies for your every single moves while blogging!
OK – the first four steps of starting a blog, creating content, finding readers and building engagement with those readers are important foundations that you really do need to get in place before you’ll be able to build long term income for your blog.
Selling your professional services. I used to have great success as a web designer, and graphic but the industry has changed and people are doing their own small business sites. Yes, they all look the same but the clients don’t know the difference. Logos? People are going to fivrr.
Selling e-books is fine and dandy if you have half a dozen more expensive products to offer your customer afterwards, but it’s downright silly if you don’t. You’re much better off creating and selling the expensive product first, and then gradually building cheaper and cheaper products.
Consider a free blogging service. Many people opt to create a free blog using popular services such as WordPress.com or Google Blogger. This is a good option for people who aren’t familiar with web design, don’t want to pay for their own hosting, or enjoy the ease and stability that comes with these services. These services do have limitations on how you can make money using them, however, so make sure your blog won’t break the terms of service.
My understanding is that you have to subscribe/pay for the business version of Word Press in order to use any of the monetizing functions. I think you should clearly state this in this article at the beginning. I think there is a degree of bait and switch here if people are just signing up for the free subscription and then finding out they have to pay for a subscription to make money. I am ok with that, it just needs to be stated up front everywhere.
Initially, we placed ads for our own products in each of the three spots, and we tracked all the sales resulting from someone clicking on the ad. I don’t remember the precise numbers, but we had something like $50,000 in product sales over 30 days. Not too shabby.
Great post. Very informative for people looking to set up a blog and begin to make money. The key is that it doesn’t happen overnight and that your blog should be just a tool in your business plan. Thanks Again for valuable content and not the same old garbage some people spew.
Wonderful post. there were so many ideas that I got from you and now I can’t wait to update my comment blog posts. Very well done and thank you so much for sharing such n important post. I also appreciated all the comments you generated from some very experienced bloggers.
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Hello Jon, the lessons are detailed and comprehensive. Frankly speaking, I have never read a blog post that carefully like today and I really benefit a lot from it. However, I still have a question regarding to this post, that is, if I am not an expert in any field, what kind of blog (topic for blog) should I start with and how to get enough traffic to my blog? I agree with you that we should not sell ads but should sell our own products or affiliate products via our blog. However, if I cannot teach others something and my blog doesn’t have enough traffic, how can I sell my products or the affiliate products to my readers? Anyhow, I will still focus on your blog and hope I will learn more valuable knowledge through your blog.
Within a month, I had On Moneymaking off the ground, and within two months, it was getting 2,000 visitors a day and Performancing nominated it for the best business/money blog of the year. A couple of months after that, Brian Clark asked me to become the Associate Editor of Copyblogger, and so I sold On Moneymaking for five figures and went to work at one of the most popular blogs at the world.
I started my first ever blog by writing on a consistent schedule about myself, my hobbies and interests. People found me via Google, Facebook, social media and my readership gradually grew over time to where it is today.
You hear a lot about the importance of email lists, but in all honesty, they’re only as good as the content you’re directing them to. I would say concentrate on the content. Good email lists are a by-product of great content.
We were early movers on this trend. Matt and I recorded 44 videos and launched a money course in June, but the course was so popular that we closed registration less than 60 days after launching to rebuild for Version 2.0. It was amazing to get so many students from around the world to go through the course and provide feedback. Note to self: Don’t launch a course when you are traveling to Europe the next week (that added a lot of unnecessary stress)! While we both made quite a bit of money in the process, the learning was even more valuable. New courses for 2018 are already in development.
If you have not yet created a blog but want to, check this easy step by step guide on how to create a blog in just minutes. You too can make money blogging. This however is not a get rich quick scheme or anything of the like. It is very difficult to make money blogging and it takes so much time, experience and effort to accomplish this. I know because in the short time I have been blogging, I have barely made any money at all from it and I’ve poured my heart and soul into Cash Flow Diaries. I’m still trying to learn from others how to properly make money blogging and in the mean time, I will continue logging my journey to financial freedom and trying to help others get there.
You suggest not posting on your blog until you have a decent amount of subscribers, you also mention how surveys are dangerous for finding what your audience needs – My question is: How do you decide what your audience needs a service for if you’ve yet to build an audience?
Yes, this isn’t that moonshot way of earning that so many are dreaming of, where you monetize your own blog and make six figures on autopilot. This is an everyday, working-class sort of way to earn from blogging. Simply helping publications and companies communicate powerfully with their readers and customers.
I signed my first direct brand partnership with Fannie Mae in late 2017 to help bust the myths of homeownership. I also sold 14 SEO clients directly from the website (or more specifically, this one post on the best SEO tips and this Rockstar Finance thread on SEO). Of those 14, four of them were very profitable SEO engagements. In 2017, I also had the opportunity to help four of the top 20 finance bloggers in the world with SEO issues, so I was both able to add some value and peek under the hood of some really successful money blogs (win-win). Finally, two finance companies also hired me for consulting gigs that took very little of my time but were a lot of fun. In total, I have really scaled back my consulting work and plan to only work with a few brands and other bloggers in 2018, not because I’m not interested, but because it takes so much of my time. Stay tuned for an SEO for bloggers course dropping soon.
For instance, our $10,000 product is a year-long coaching program for bloggers — a group that’s not exactly known for their wealth, but I always fill all ten spots within minutes of opening the program. Here’s why: the last time we opened it, I notified 40,000 bloggers. 2% of 40,000 writers is 800 people. By only accepting 10, I’m creating a situation of extreme scarcity.
I feel skeptical writing blogs again as i never had a good experience earlier. Had some blogs and no traffic. Going by your narrative and very useful blog, i hope that i will succeed in my blogging deeds:)
Yep its crazy that you can actually make a really good living just on blogging and making money online. I love that! I am using the promax theme on my site and I think it was $18 for the full version. Let me know how your facebook ads work after you do it.
Another important thing to point out, which should be a bullet point for each of these, is social network integration. Blogger, for instance, is what I have been using for years and am now looking to move away from it because it has never done a good job of integrating with various social networks. Like, when sharing to Twitter it doesn’t even use a Twitter “card” so the only thing you see is an anonymous URL. Not very helpful when getting the word out about your latest blog post. Thanks for the great comparison, though. This has given me some good ideas on what to move to.
If you find a popular blog that exactly covers your topic, be aware that it will be difficult to compete with them. Try to tweak your topic to a slightly different but related subject, so you complement the popular blogs instead of trying to overtake them.
This is such an awesome content from Jon Morrow. It inspires me a lot and I hope other bloggers will be inspired too after reading these valuable and effective lessons on how to build a profitable blog. The lessons given are practical and are delivered wisely.