This is all great information from someone who has had connections and still has connections for year. If you never worked at copyblogger you’d have a real job. In other words…you got lucky and the other 1988098804880979 million bloggers out there won’t have your right place right time luck and therefore won’t have your connections and therefore won’t make this kind of money. Your bragging is embarrassing and shameful!
I think now that I have finally started to have a better understanding of how to provide value. My new challenge is learning how to differentiate when I’m giving “too much” value, in the case where I should have just packaged up the content and created a product.
But because I’m not launching my blog or writing any blog posts until I hit 10,000 subscribers, I can’t point them to a blog I own that contains some of my writing samples, so that whoever I’m contacting can read and get an idea of my writing style.
So today, I’ve done some digging and found several different blogger income reports to link here. Also, I have put these in order by total, lowest to highest. I think this is helpful because I know some people need to process things in baby steps.
If you’re not familiar with the term, it’s a business model where you endorse other people’s products or services in exchange for a commission. On software and information products, affiliates typically earn a 50% commission or sometimes even more, so it can be quite lucrative.
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.
Matt and I started the Millennial Money Minutes podcast in December 2016, so when I wrote my goals for 2017, we had really just gotten started. But recording 100 episodes felt like a massive goal! But through a consistent recording schedule and the fact that we didn’t have to cancel any recording sessions for the first half of the year, we were able to absolutely crush the goal and record 232 podcast episodes in 2017. That’s an insane amount of talking. Not only that, we were voted one of the top 10 business podcasts on Podbean (coming in at #4!) and have made many other podcast “best of” lists. If you are interested in starting a podcast, definitely check out Podbean – I’ve been super happy with them. If you want to binge listen or search all the episodes click here. But of the 232 episodes we recorded in 2017, here are my top 3 favorite episodes of the year:
Affiliate marketing is a kind of performance-based marketing. With this form of marketing, business owners reward affiliates for each customer brought to the company through the affiliate’s independent advertising endeavors. There are four key players in affiliate marketing:
It all depends where the most people are that will be interested in your site / niche / product. I target ads in countries such as UK, USA, Canada and India, only because there are vast numbers of English speakers there with enough disposable income to want to buy through my sites.
Offering a service is an excellent way to make money quickly because startup costs are low, little to no inventory is required and you get paid for a skill you already have. The downside is, it’s not scalable.
I’ve found paying for many of those expenses by year (not monthly) saves you at least 10% throughout the year. With so many expenses you may find it helpful! Love your encouraging income reports! Keep ’em coming!
I am combining goals 6 and 7 because I didn’t accomplish either of them. One of the top Google ranking factors is backlinks, so in 2017, I focused on trying to get as many as I could. I was pretty successful getting backlinks from the media, but didn’t take the time to connect with as many brands as I wanted. But looking back, 100 new backlinks per month was a pretty crazy goal. Also when it comes to sharing, I don’t use a social plugin that tracks the shares, but I estimate I get about 50 to 60 per post. Some posts, however, like the $50 a day early retirement strategy I know have been shared over 500 times. In reality for 2018, I’m not planning any goals for backlinks or shares and don’t have any plans to develop an active backlink building strategy. I’m going to spend my time creating quality content instead.
Truth is, it would be silly to quit your day job when you are building a blogging income. Your reason for trying to make money with your blog is to have extra money.. Right? So why leave your job that is giving you and income?
Honestly speaking, I haven’t really started thinking of earning money from my blog as that wasn’t the aim when I started it, but your post surely motivated me to think in that direction for a change. I guess you need to make a start somewhere, and if you want to do that, you need to lessen down or cut-off a lot of other things you do too.
Great article and nice blog I’ve been a plumber for over 7 years and was thinking of starting a plumbing blog withe free help and advice do you think this blog could make money and would it be difficult to set up ?
My hurdle that you make seem so easy comes for this one line: “Write content that gets lots of traffic”. I know that I write good content, but content that gets lots of traffic … well. In that one line you have made the most difficult part of getting started seem like a “no brainer”.
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.
The basic WordPress.com account is free, but it will have WordPress.com ads and branding. You can upgrade to their Personal plan for $2.99/month (billed yearly) to remove WordPress.com logo and advertising from your website, and get a custom domain (such as www.yoursite.com).
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!
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.
Great post guys! I’ve been travel blogging for years, but on a hosted travel blog site. Last June I set up my own blog, but then life happened, I posted infrequently and I didn’t run with it. Now this year, I’ve been actually putting effort into my travel blog since May and I have started getting emails from media companies for sponsored content. I am also doing some freelance travel writing that is proving pretty lucrative. I have another 9 months working in Jamaica, so I’m seeing how far I can get by that time and if I’m able to take the plunge!
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!
As I write this, I am getting ready to fly to New York to be interviewed on ABC Nightline which gets like 1.5 million viewers (freaking out a little bit). I also have two other TV interviews confirmed so far in just January. But in 2017, I made my first appearance on WGN News in Chicago and it was so much fun. I also learned (the hard way) that you should always wear makeup on TV simply to reduce the glare on your face from all the lights. Here’s my first time on TV for Millennial Money with my shiny forehead. It was a ton of fun though.
Just amazing Grant! I have read and re-read your 67 SEO tips post several times, it’s been a great resource for the growth of my own blog. And your post on “my $1MM side hustles” is one of the most inspiring I’ve read. Definitely channeling the MM philosophy on my journey to climb down the corporate ladder. Thanks for doing what you do, can’t wait for the book to land!
Jon, amazing article! I would just add to your #15 regarding e-mail subscribers. The number you described is real if you have a legit database of subscribers behind it (don’t know if you take this here for granted).
Now I am here to ask you to include my new blog in your Blog Income Report list. I created my new website last week however my income report is about my Niche Site. Please, could you include it to the list?
For instance, we have a guest blogging course that retails for $497. In exchange, we promise to help students get featured on a big blog or magazine like The Huffington Post or Forbes. I think it’s fair to say that exposure is worth $5,000 to the right person. So, the product sells easily and well.
You want to make money, right? Of course you do. Everyone wants – and needs -to make money. So you started a blog since you’ve heard it’s an easy way to make cash, but you’re not quite sure how to actually make money doing it. Or maybe you already have a blog and you’re exploring ways to monetize it.
There is no point in starting a blog that you want to make money from without a plan. There are thousands, even hundreds of niches out there. Some are broad and huge; some are small and virtually unknown. Some niches are easier to make money in than others.
The most conventional (and least profitable) method is selling advertising, where you allow companies to promote their products and services to your audience in exchange for a fee. You can also form partnerships with other companies, promoting their products and services and earning a commission each time one of your readers purchases. This is called “affiliate marketing.”
It’s taken me this long to reply…but I figure saying THANK YOU late is better than not saying it all. I’m going to look at parenting…though I am far from a perfect parent. (Self-improvement? That’s why I’m HERE.) Anyhow…thank you for the direction. (And I joined SBO. More than I bargained for that’s for sure!) Peace.
I’ve always had passion for blogging but didn’t exactly know how to go about it. And then the issue of continuity comes in.Having gone through this beautiful and well written article, I am highly motivated. ….Thanks
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.
This concept can also be applied to services in all types of industries. For instance, if you offered electronic repair services as opposed to physical products, you could still use the same blogging concept to increase brand awareness and convert more clients.
Once you’ve really understood the audience, it’s a case of demonstrating the potential value the product (in excess of the cost) will bring to the audience in the form of a solved problem. If it’s clear that your product will deliver more value to the customer than they pay for it, then it’s a no brainer for the customer.
Sort and sweet: how do I know if I can monetize what I know? I’m a widower…married again with five kids…and the death of my first wife taught me more than I ever wanted to know. Can this turn into money? (I fear your answer…or lack of one.). Peace off.
For me this affordable course from Michelle Schroeder-Gardner is the only thing your will need to truly understand the art of making money through blogging. It will show you how you can get up and running extremely quickly and with no affiliate marketing experience needed.
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
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.
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.
Hi Alexander, thank you for the add! Your list looks wonderful and inspiring! I have a long long long way to go for sure. I think I am probably one of the laziest blogger since I don’t spend much time advertising or networking. I look forward to reading your tips and etc. Thank you!