I also like the fact you made it very clear that bloggers are growing a business, and that it is hard, not easy. Although I have a couple of blogs now, I see blogging as just one of the elements in an overarching strategy.
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.
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 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.
Below are the 10 goals I set for the blog in 2017, what I was able to accomplish in 2017, and my goals for 2018. These also include a detailed breakout of the $401,681 in blog income I made from the Millennial Money website.
Sherman I imagine if I ever told someone that I blog for a living, they would laugh in my face! Ha, I dont blame them. Out of the million bloggers out there, only probably a super small percentage are making that kind of money. That is just a guess though.
Something that hasn’t been thought of yet: The key to being a successful blogger is to be creative. There are a ton of bloggers coming up with new income streams every day. Step out of the box and try something new.
Last year was an absolutely insane one for me and the Millennial Money blog. It has made more money and opened more doors than I could have ever imagined. It has literally changed my life. I can’t wait to see what’s in store for 2018. ??
WordPress was built to be a blogging platform and will always be a blogging platform. It does it well and perfect for blog only sites. However, once you start incorporating other functionality into your site such as membership based concepts, e-commerce, basically more complex website structure and content, my choice would go to Joomla! hands down. I’ve got over 10 years of Joomla experience and 7 for WP, so it’s a bit easier for me to make that statement.
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. Xx
To be honest, I’m not a big podcast listener myself so this one really blew me away. I think a lot of the popularity ended up being because of the 5-minute format and the banter between Matt and me. Sometimes we agree and sometimes we don’t. We also try to balance the mechanics and the philosophy of money. I also chock up some of the success to the fact that we just kept at it. Recording 232 episodes took a ton of time but we’re both really committed. We also have a ton of fun recording, especially now that we both work online full-time. So for all of you who downloaded, listened, or shared any episodes we really appreciate it. As long as you keep listening, we will keep recording. We are planning to record another 200+ episodes in 2018, so hit us up for any topics you want us to cover.
Thanks for sharing all this useful and relevant information Jon. The most interesting and surprising lesson was the one where you mentioned that spending a lot of time on social media outlets doesn’t really help. I also specifically liked how you set the tone about the fact that you’re not just a blogger and that you’re an expert…etc. This is some confidence needed to be successful in anything.
Wow, what an amazing story! I felt like that for a long time until I decided to do something about it recently. I am really small right now and so far I have zero subscribers. Yet that only means there is work to do! I am definitely checking your blog or website, too. Thanks!
Thanks Sam. I split it between index funds, AMZN stock, and saving for another property in the next few years (location TBD!). I like being on TV and it’s led to a lot of new opportunities. It’s also helping me get the message out to a much broader group of people who don’t read blogs. After I’m on TV I get emails that are like “Hey I never thought about saving more than 10% of my income!” I’m all about meeting people where they are. Sure, it’s definitely a personality trait – I think you either like it or you don’t. I really dig the energy of being on TV. It’s fun.
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.
If you’re not sure which content to offer for free and which content to charge for, you might be interested in my Content Tiers & Monetization download. (If you already have access to the Knowtbook or to my Studio, you’ve got it, so don’t purchase it!) In it, I explain how I think through and advise others to organize their content offerings, from free to VIP. It’s a one-time purchase of $5
Be honest and content rich when linking to affiliates. Write your own content and recommend products that you have actually used and enjoyed. Give honest reviews, faults included, as though you were recommending the product to a friend. If you truly don’t like a product, don’t mention it or link to it.
In 2002 I began to blog one day on impulse after seeing another blog and being fascinated by the medium. I had no idea at the time that what I was doing would ultimately lead to a complete change in my career path and end up being something I’d make a full time income from in several years later.
Granted, it’s not really a fair comparison. With your own products, you have to consider the cost of development, support, and other miscellaneous expenses, but even factoring those in, advertising our products was still more profitable by far.
Absolutely! It’s a great niche to get into. You can review cooking equipment and link it to your Amazon associate account, where you can earn commission from your blog posts. I’d probably keep the site in English as you’ll earn a lot more money targeting the US than France.
This is the best aggregator list I have seen so far! I started blogging recently and have just hit $273.95 in net income. I know it is nothing compared to the blogging greats, but could you kindly add me to the list as well?
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?
I think you may well be right if you are saying that few of us will have the skills required to attract and service a lucrative and large enough market to earn the sort of sums quoted. Nevertheless, may I just say that Jon has freely given us, not only a system but the commercial logic and reasonings behind that system.
Direct Income – when I started making money from my blogs it was through ‘direct’ income streams. I put AdSense ads on my blog and promoted some products on Amazon as an affiliate and the more readers I had the more income began to trickle in (it really was a trickle at first). In time as my traffic grew this income grew and I was also able to experiment with other direct forms of income such as selling advertising directly to advertisers.
The truth is you are better to put out 5 – 10 smaller products around one big product that way if your goal is to make $5,000 a month, it will be easier to make $500 to $1,000 per product then it would be to make the full $5,000 from one product.
Rather than publishing banner ads on your website via Adsense or another 3rd party you can always work with advertisers to setup their banner ads directly. Generally banner ads are paid on a CPM model, which is basically a price per 1000 impressions of their banner on your website.
Wix is a hosted platform to build websites. It offers an easy way for small businesses to build a website using drag and drop tools. You can also add a blog to your website by adding the Wix Blog app.
This post is amazing. I am a newbie and had no idea about how to proceed. This was an eye opener. I was investing too much in SEO, though I neither had good content nor links with the influences.I am really grateful that you brought out this topic.
An amazing post! Thank you so much! Many valuable tips, especially the one with the reversed pricing, which I would have never thought of myself. Also a great way of writing that is easy to understand for everyone.
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You can manage a WordPress blog from mobile browser. However, this will be difficult as many features on your screen would appear different or may not be visible. Plugins will be unable to adjust their settings page to your device size. In short, it is not practical in the long run.
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 🙂
I am a newbie blogger who has no idea where to start with monetizing my blog:( how do you get started with affiliates? I see they seem to provide the most income and while I will certainly ad adsense, I do not want to overload my blog with ads since i want to keep it simple:)
Once established, your travel blog itself may earn $3,000 – $5,000 / month, but if you’ve broadened your horizons and started working on other income streams like freelance writing, content creation, social media management and consulting services, you can double or triple this figure.
Create something within your budget. Unless you’re running a company blog, you’re unlikely to be able to get a crowd of extras or expensive equipment. Brainstorm silly ideas that can be performed by you and your friends.
Then, pitch high-traffic sites and try to get on as a regular, paid blogger. From there, if you’re writing well, other clients who need help from a professional blogger will begin to find you. If you can understand what they need to say and the audience they are trying to reach, you can grow your stable of blogging clients.
#18 – By Regina – $16,382 in January of 2015 – I think I read that Regina no longer publishes income reports, but older ones on her site are very detailed. She earns the bulk of her money from her own products (courses, eBooks, physical planners, live seminars) and some affiliate income.