I just launched my blog a week ago, UnderstandingIsLoving.com. I get like no views a day hahaha but after reading this and a couple other pro-blog tips, I have my marching orders. I hope you’ll stop by and tell me what you think! As soon as I can afford to I’ll change the theme.
I am not fully agree with your Lesson #4, as you said, there are only maximum 2% buyers who can spend $1k or more. So to sell product with this pricing you need to be a experienced online marketer, otherwise its hell difficult job to find these 2% clients.
As I mentioned earlier if you looking at offering consulting or training services then it might be worth packaging your materials together into an online course. By offering MP3 or video downloads your students can follow along at their own pace. This is a very popular blog monetisation strategy especially within the online marketing space.
Ebooks are an obvious choice for creating digital products. They are relatively simple to write and produce. If you’ve been blogging for a while, then you can collect some of your old blog posts and turn them into chapters of a book.
If you don’t want the headaches of dealing with shipping goods and storing them then creating digital goods can be a great way to make money from selling products and taking advantage of scaling your business. Anything from productivity software, to knitting patterns, to recipes or even training courses can be delivered electronically.
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.
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.
Some time a few years ago I was fed up writing for no one online. I wanted my words to be read and ultimately wanted to be paid to write. So I decided to educate myself on the subject. Here’s what I did:
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.
I tell new bloggers to allow 3-6 months to make a decent part-time income and 1-2 years to make a consistent full-time income. There are always exceptions of course, but after being active in the blogging world for almost 14 years, these are reasonable averages.
Solid numbers about blogging incomes are hard to come by. For example, in the US, the Bureau of Labor Statistics lump bloggers in the very broad category of “Writers and Authors” which has a median income of $61,240 per year. It’s not an accurate measure since there are vastly different occupations included in that category. Information from small surveys and anecdotal evidence can also be found online, but much of it is outdated or taken from tiny sample sizes.
I think it’s great that you started doing income reports. We all have to start somewhere. I haven’t even started monetizing yet but I’m getting there. I’m looking forward to seeing your blog income grow and thanks for sharing!
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.
#17 – Just a Girl and Her Blog – $14,652 in October of 2015 – Abby shares detailed income reports every single month, and also includes her expenses before mentioning the total. Her income is generated mostly through selling her own digital products, affiliate links, and ad networks. She has managed to substantially increase this total since that income report was published.
Great information all in one place. I am new to blogging and having a blast. Deciding on a niche was a bitch. I am interested in so many things that I had to follow all of them until I found my groove. It’s a big problem not settling in one niche. At the moment I am in two niches and celebrating the focus.
One example is this: since our blog is a sub-domain for my wife and I’s boutique beach resort, nobody seems to want to touch me as a guest blogger. I get the same response every time “you’re commercial and so you’ve got to pay for a sponsored post”…and while yes, we are commercial and not a private blog per se, we’re a tiny family run business and 95% of private blogs are striving to be commercial, whether they’re associated with a company name or not.
What is CPC? CPC stands for “cost per click.” By displaying CPC ads with Google Adsense, you receive a set fee every time an ad on your website is clicked by a visitor. The cost per click is set by the advertiser. (This is in contrast to CPM ads, where you’re paid for ad views instead of clicks. CPM means “cost per thousand impressions,” where M is the roman numeral for 1,000.)
#12 – Believe in a Budget – $5041 in March of 2016 – Look how far Kristin has come in such a short time! Almost exactly a year prior, she made $60 in a month on her blog (listed above). Much of this income is now coming from freelancing that she is doing (Pinterest management, image services, and an eCourse), which she considers to be tied to her blog.
Another option for creating a paid membership site is to create private forums that users must pay to get access to. Forums are a great way for your audience to get one-on-one advice from you. Other members of the community can also interact and help each other out.
Making money blogging can take a lot of persistence, but it can pay off in the long-run if youre starting out from scratch. Just remember that you dont have to use all of these money-making avenues at once. Consider what other people in your industry are doing, and start from there.
If you actually want to make money online, then you have to build a strategy and be prepared to put in a lot of work. Anyone who tells you making money online is easy probably doesn’t make much money online. While 1/3 of the money I’ve made on this blog is passive income, at least 2/3 has been active income because I’ve had to actively trade my own time and expertise to make the money.
Is there a hosting service where you can actually pay BY THE MONTH? I get that you have a money back guarantee, but that’s still a lot of money for me to shell out for something that I’m just starting out. If you are looking to blog to hopefully help generate income, then it seems natural to me for a host to let someone start out slowly.
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This will give a lot of people the confidence that it is definitely possible. I also like the fact that you mentioned it takes a lot of hard work to accomplish this and that it isn’t easy. There’s no get rich quick way to do this!
Press Trips: A tourism board or tour company invites you to their country to write about your experiences. They do this because your blog has large numbers and they want to introduce your readers to their tour or destination. The deal typically includes flights, all transport, food, travel and entertainment for the duration of the trip and you can charge for your services on top of this (upwards of $3,500 / two-week trip).
There are some complicated rules for bloggers who publish sponsored posts and depending on your country they can differ. The main point is to make sure that you clearly declare when a blog post is an advertisement.
A blog is not a blog without content so once you’ve set your blog up you need to focus your attention upon creating useful content. What you choose to create will depend a little on the topic that you choose to write about (on that note, most successful bloggers have some focus to their blogging whether that be a niche or a demographic that they write for).
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?
Hi Kristin! Yeah I was going to let you know later today that you were on here. Glad you saw it already. Haha don’t feel bad about the blog income, im almost at the very end. It’s truly amazing though how much $$ bloggers are making.
Brainstorm keywords for each blog post. Keywords are the important words that relate to the topic of your blog, and specifically the new subtopic you cover each time you post. Choosing relevant keywords that people search for frequently will increase the visibility of your blog, attract more readers, and show them advertisements they are likely to click.
To be honest, this is the first time I am here in your blog. Someone in my FB friend list shared this article and this is really a great and well-documented article for a newbie blogger like me. Thank you.
Selling private ads can come in the form of banners, buttons, or links. You can even make money writing sponsored posts where you write about or give a review of an advertiser’s product or service. Another option is to write an underwritten post or series, which is where you can write about any topic, but the advertiser pays for a “Brought to you by” mention in the content.
So counter-intuitive, I thought that I was going to monetize my blog with ads as well. Literally changed the direction of my blog for the better. Thank you so much for saving me the time. Going to read this again and again in the future and will share it now.
I did not make any money from my first blogs for almost 18 months (I didn’t even know you could so did not try) and when I did start to try to make money from them the first income was just a few dollars a week – but gradually in time my income grew from a part time income to a full time income and then beyond.
In the above graph, “value” refers to how much the customer values what you’re promising them, not your own personal value. For instance, I personally think my guacamole is worth $10,000 a bowl, but none of my friends agree with me, so I’m forced to give it to them for free. Bastards.
Thank you so much for sharing these with your community. It’s awesome to see realistic numbers and it’s so inspiring. I just read Building a Framework and started my first blog. It’s so fun to imagine where my blog might go and get inspired by you two! Thanks 🙂