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.
First, start a blog if you haven’t already. Next, focus on building up a solid library of at least 10-20 blog posts. Make sure they are helpful and meaty. Figure out which income streams are natural extensions of your posts. In the meantime, build relationships on social media, in Facebook Groups and wherever your potential readers hang out. Don’t just promote your own stuff, but be a helpful part of the conversation. People will eventually check out what you have to offer.
WPBeginner is a free WordPress resource site for Beginners. WPBeginner was founded in July 2009 by Syed Balkhi. The main goal of this site is to provide quality tips, tricks, hacks, and other WordPress resources that allows WordPress beginners to improve their site(s).
I LOVE this post and have shared it as far and wide as I can. I must admit, having recently started writing for the HuffPost, I’ve felt guilty for hardly posting anything on my own blog (just don’t have the time to do both) so your post has made me feel much better for prioritising the guest posting.
If you need a little help I would highly recommend you check out my article How to Start a Blog in which I run through the steps you need to take to get up and running. It’s really not as hard as you might think!
When you click that blue button you’ll be taken to our guide to starting a blog. Once you buy your domain name, we’ll hook you up with our $20 Pro Blogging ebook totally free! This book will help you to start earning money from travel blogging and turn your travel blogging hobby into a career.
The market is saturated with blogs, but it is also saturated with opportunity. Pick a niche, become an authority, and stand out from the crowd. If you aren’t sure about a travel blog name yet, it doesn’t matter. You can still start your blog today and come up with a name later on.
Advertising is easy to start making it a popular income stream for many bloggers. However, it’s not nearly as lucrative as it once was and it requires a lot of traffic to be truly profitable. Therefore, it’s not a top recommendation of mine.
You are not going to make any money from your blog if people don’t read it. After all, your readers are the ones who are going to make you money, whether they’re clicking on your ads or buying your products. Always put your readers first.
Selling physical products online can be hard to setup as you will need to deal with storage, shipping and even deal with things such as local taxes and distance selling laws. Of course a lot of this headache can be resolved by finding a company who will offer a white-label or drop shipping service leaving you to worry about getting traffic and updating the website.
I learned this lesson the hard way after having most of my income coming from one source in the early days but after a bit of a bad experience began to diversify my income streams (read about that here) – it was one of the best things I ever did!
For example I really launched a blog in the survivalist niche a couple of years ago which I sold for a great profit. The reason I created this blog was that I enjoy being outdoors, hiking and mountain biking etc. I also watch a lot of TV shows about people like Bear Grylls and Ray Mears.
That was such an inspiration to read. I can’t believe it took you five years to make your first dollar. Very few people would have that kind of perseverance and stick it through. You deserve all the success.
Hi Matt! It’s difficult to get started monetizing the blog especially when the ad companies dont approve. Just keep making tweaks to your blog and keep sending the requests to join. Eventually they will let you in.
In return for a reader’s email address, I would give away a free 7 day email course via email. About 85% of the time, that reader would stick around after the mini course to check out my new articles and updates.
Awesome post so far, Jon. I’ll have to read the full post in the morning since it’s nigh time at where I live. I just have one question. Is it profitable for a freestyle blogger to affiliate marketing? If I’m correct, affiliate marketing is more suitable for niche-based sites, right? Are freestyle blogs even profitable? I’m just starting out, so can you recommend me something?
Your information is wonderful, congratulations on your success! I’m so new at blogging that I am still writing content. I haven’t published yet, and really need some guidance on what the next steps should be. I’m nervous about it all, but am confident that I have a winning idea. I have my theme, domain name, and just feel like I need more help. Do you have time to answer some questions or can you direct me in terms of getting more help on this? I work a full-time job and only have limited time on weekends to get my blog going. Like you, I want to earn enough to be able to quit my job! Thanks very much for your information and for your help!!!!
I’ve been through quite a lot with my days a blogger. I was making money, but it just wasn’t enough. You literally make pennies and dollars. That is not enough to support yourself. It wasn’t until I met Noah King. A mentor of mine who taught me how to make REAL MONEY online writing about what I love. I am now making $6000/month after a year of hard work and can do it all from the convenience of my home. Never give up or sell yourself short! Noah has his own website where he talks about how to achieve the same success he has. You can check him out here if you’re interested – http://www.deservingwriter.com/
Trust continues to be a major issue on the World Wide Web between bloggers and readers. Readers want to see bloggers posting lots and lots of meaningful content to their sites on a daily basis and giving them something to think about. It’s relatively easy for a person to post once a week and expect readers to be converted into repeat buyers when that’s certainly not the case toward being a successful and profitable blogger. Creating quality content and putting people first puts a full-time or part-time blogger in the front seat to earning honest and passive incomes from affiliate marketing.
Market your blog through paid advertisements if necessary. If you are serious about investing time and money into gaining an audience, you can create your own advertisements for Facebook, pay to add your blog to StumbleUpon, or become an advertiser on Google AdSense or another ad service.
I think the most important question you should ask is – before doing anything else – who are these people signing up for my mailing list? What have they’ve accomplished so far and where they’re looking to go? If they’re giving you money by signing up for one of your courses, that goes double.
This is a very hard question to answer. We started earning an income after about a year of blogging, but we weren’t going at it very hard for the first 6 months. We would go on the blog every month or so, add an article and a few pictures and that was about it.
If you want a custom domain name but don’t want the hassle of running your own site, create a blog on a free hosting service, then pay for a domain name that redirects to your blog. Contact your hosting service if you don’t know how to redirect a page.
This is really a great idea to share your blogging success & failures at one place and more over helping everyone by showing what is working & what is not. I love to read such income reports to stay motivated.
Your most loyal readers are huge fans, and may be willing to pay to read more of your work. You can create a members-only area for them to share more in-depth blog posts, downloads, videos, audio content, and more.
Well, out of curiosity, I shopped around to see how much advertisers would pay for the same ad space. The absolute highest rates I could negotiate would’ve brought in only $5,000 per month per ad spot, totaling $15,000 per month — 70% less than we made selling our own products.
Research topics using some of the research tools such as Google Trends, Google Keyword Search Tool, Wordtracker and see if other people are searching for that topic too. If there are copiously, competitions could be hard.
Affiliate marketing is the easiest way to make money because you can promote a wide-variety of products. Just about every popular store like Walmart, BestBuy, Amazon, and others have an affiliate program.
With paid methods, you have the opportunity to pay for traffic and clicks right away. And if you do well in targeting your audience on the right channels you can easily build your audience with advertising to supplement your organic efforts.
I am a JAGAHB fan and I wanted to express how much I enjoy reading and following your blog. Your blog is so inspirational to us new bloggers. I wish I had found you back in 2013 when you started, but better late than never. 🙂 Your income reports are what drew me to your site and I’ve been impressed every since. I’d never come across or even seen any blog that offered their income information. Most just leave us to guess and wonder if it’s really possible to progress financially. This was a FANTASTIC way to build trust with your future audiences. God Bless, Angela
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?
Congratulations Kristin! You have a lot of guts to put yourself out there and I applaud you for your honesty and candor. I have just started exploring the idea of a blog. I love to write and feel I have something to say but am just concerned no one will really want to hear it. Reading your blog have given me some optimism and maybe the encouragement I need to give it a try! Thank you for that! I wish you all the luck in the world! Sounds like you are well on your way!
To me, that’s akin to walking into a business on a Monday morning and demanding to see the manager. I tell him I’d like a job opportunity at his company, and when he asks for my resume, I can’t provide him with one (my blog). And when he asks for my references (social media), I can’t provide that either. Why is he going to listen to me?
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One downside of dropshipping is that you have to find a good supplier, which can be a challenge, and sometimes you have to place a large order up front. This can make it difficult to get started without investing a lot of money.
Hi Abby. Thanks for sharing your incomes regularly. Your journey is really inspirational and motivating for new bloggers like me. Understood that it does takes time to earn good money blogging, however its worth it eventually. Thanks again for being so transparent in sharing your incomes. _Regards Kritesh
Ironically, I didn’t start this money blog to make money. I started it to share my financial independence story and strategies with anyone who was interested. But when a $5 bill is on the ground, you should always pick it up. As I’ve mentioned before, I’ve spent my entire career building websites for other people and Millennial Money is the first website I’ve built for myself. I also really love the challenge of making money online and teaching others how to do it too.