How to Make Money Blogging A Complete Step-by-Step Guide
“Can you really make money blogging?”
Even if you just plan on starting a blog as a hobby, you should know that blogs offer real money making potential as well as the flexibility to work from home, if they are done right.
Having seen many highly profitable blogs from the inside, I can tell you that successful blog owners have the following things in common:
What You Need to Succeed
Like any business, building a successful blog takes some time. You can’t just write a couple of blog posts and hope to be an overnight success. You need to spend at least 2-3 months writing quality content and promoting your blog. This is much faster than just about any other business model, but it still takes some effort.
Successful blog owners are passionate about their blog topic. In order to write quality content for your readers you must have an interest in your topic and a desire to share your knowledge with others. Having a passion for your topic also makes it infinitely easier to stay consistent with your efforts.
3. Financial Discipline
When you make that first $100 what will you do? Will you go on a shopping spree? Or invest it back into your blog? Successful bloggers are always looking to improve things, so expect to re-invest a portion (20% or so) of your earnings in order to keep your blog growing.
Think you have what it takes? Click here to go to Step 1 of the free blogging guide
How Blogs Make Money
At this point you may be thinking, “Ok, but how do I actually earn money from a blog?” It’s actually pretty simple:
The biggest and most profitable blogs in the world just sell advertising space. You can charge a monthly fee for an advertising spot, or charge based on how many people view or click on an ad. I show you the easiest method for selling ad space on your blog here.
2. Affiliate sales
You can make money just by recommending products you like to your readers. Amazon offers an affiliate program that pays you anywhere from 4% to 8% commission on just about anything your readers buy. If you’re writing about cooking, you could recommend a $200 mixer and get paid $10 or more for every one that your readers purchase. (More info)
3. Sell your own products or services
A blog is a great way for you to build a relationship with your readers. As you build this relationship, loyal readers will want to more from you, and some will be willing to pay for it. This can come in the form of an ebook, personal coaching program, or some service that you offer. This takes a little more work than the other two methods, but can be quite lucrative.
So What Should I Blog About to Make Money?
If you’re struggling with figuring out what topic to blog about, try this method out:
- List the last 5 non-fiction books you’ve read and/or list the magazines that you regularly read.
- List your 5 favorite TV shows.
- List 5 of your hobbies or passions.
Maybe you weren’t able to come up with 5 items for each category, but you should still have a list of several items.
Now what do all these items have to do with each other? These are all things that you’ve invested time in learning about. It could be cooking, fashion, books, TV, relationships, fishing, cars, crafts, sports, or just about anything else.
If you regularly watch, read about, or participate in something then you have some level of expertise on that topic.
Of course, your blog can be about a variety of topics if you prefer. You may find that you have expertise in several areas!
But you may be wondering, “Is my topic popular enough?”
The simple answer is that 99% of the time it is. To make sure, do a quick search on Google for keywords related to your topic. Are there products for sale? Are there forums or discussions about your topic?
If you answered yes to either of those questions, then chances are that there is a demand for information on your topic.
As a quick example, I helped a reader of TheBlogStarter.com start a blog about raising chickens. Now you may think this is an obscure topic, but do a quick Google search and you will see that there are tons of places to buy chicken coops and supplies. To make a long story short, her blog has really taken off and she is making quite a bit from affiliate sales of chicken coops.
On the other hand, you may be asking yourself, “Is my topic too popular?”
For just about any topic you can think of, there are already several blogs and websites online. Does this mean there isn’t a demand for more information on the topic? On the contrary.
People value variety. Take McDonald’s for instance. They sell millions of hamburgers. Does that mean that there isn’t a demand for other fast food burger restaurants? Just ask Burger King, Wendy’s, Dairy Queen, Sonic, Jack in the Box, Hardee’s, Checkers, etc.
You don’t have to be the first. You don’t have to be the biggest. You don’t have to be the best. The internet is an enormous worldwide marketplace where you can carve out a niche for yourself.
Just How Much Money Can You Make?
Most information on exact amounts varies widely, (just look at this Forbes article) but I want to provide you with some hypothetical examples to give you an idea of what is possible:
Example #1: Selling an affiliate product
- Get 100 visitors per day. This should be a pretty easy if you are writing good content and using the ideas here for 2 or 3 months.
- Get just 2% of your visitors to buy $200 worth of products via Amazon. That is 60 sales per month, which qualifies you for the 6.5% commission rate through Amazon, which comes to $13 per sale or $26 per day.
Over 365 days that’s $9,490
Example #2: Selling ad space
Depending on the number of visitors you have you could charge more or less, but let’s say you have a pretty popular blog. You could charge $150 per month and sell 5 different ad spaces. That’s $9,000 per year.
Better yet, you could sell products AND ad space to make even more!
Please keep in mind that these are just example figures. Each person’s individual success depends on their particular background, commitment, and ambition. As with any business, there is no guarantee that you will make any money.
The REAL Costs of Starting a Blog
Of course, the numbers in the above examples are just revenue. You will also need to subtract the costs of running your blog. This is probably the best thing about blogging as a business: the start-up costs are super low!
Blogging is probably the only business you can start for just a few dollars per month.
Using this discount from BlueHost will give you everything you need for $3.95 per month.
On top of that, my free step-by-step tutorial will walk you through the entire process of building a successful blog. I can even install your blog for you for free if you would like.
Ready to begin? Start the free step-by-step guide now.