“Do people actually make money from blogging?”
This post is coming to you live from Puerto Plata. The resort that I’m at is pretty lively in the evening time. As you may know, after a few drinks everyone becomes best friends by the bar. Every night I find myself hanging out by the beach bar and meeting interesting characters.
When you’re meeting new people there’s the standard questions that you usually get. Where are you from? What do you do?
Asking someone what they do is fairly common in our society. At most parties it’s often the first question asked. It’s pretty annoying to be honest.
I usually say something ridiculous for the fun of it. I’ll often say that I’m unemployed or I’ll make something up. I told one couple how I ran a personal finance blog.
Once I managed to explain what a personal finance blog was I was hit with an instant question:
“Do people actually make money blogging?”
Usually when someone thinks of a blog they like associate it with a celebrity gossip site or some useless personal site on the life of your pet dog. Over the years, many blogs have been sold for millions and bloggers have gained high amounts of exposure in other forms of media.
People actually do make money from blogging. I’ve met many bloggers that do it full-time and make far more money than they did in their previous career.
How do people make money from blogging?
Promoting products is pretty standard on personal finance blogs. You can promote anything from bank accounts to credit cards to online dating services to the products of your friends. When you promote a product you often earn a commission on every purchase that comes from your site. If you have a decent reader base or a loyal base, you can easily promote new products that you feel would benefit them.
The obvious caveat with promoting products is that you might be tempted with promoting something that you don’t care for just because of the financial incentive. This is where those that want to make money from blogging need to be careful.
What do you promote to your readers?
There’s a reason that I wrote a detailed piece on how to find a freelance writing gig. I’ve been doing freelance writing for almost two years now. Writing articles for other bloggers is a steady source of income for anyone that wants to earn money from blogging.
The main benefit to freelance writing is that you can focus your energy by writing on a topic that you’re passionate about and not worry about the design or the backend stuff. The setback is that you get paid per article and don’t have the opportunity to create passive income through Adsense or affiliate marketing.
Launching information products online seems to be a booming business. Many bloggers (myself included) have launched a product or at the very least considered doing so.
When you launch a product you’re in charge of everything and have the potential to earn steady income. The challenging part is trying to convince readers to actually spend money on your product.
There are many ways to make money through advertising on blogs. You can sell text links or banner ads for a flat monthly rate. This is a common option because it’s steady money and only requires you to place an ad in the sidebar.
Then you can twist things around and make money from advertising by setting up deals for other bloggers. You make the connection between the advertiser and the blogger. When the money goes through you take a commission for yourself.
Those are a few of the ways that I’ve seen my blogging peers make money through blogging. I’m not going to turn this into another blog about blogging post. I just wanted to address how people make money blogging for those that are interested in starting an online business.
Did you know that you can actually make money from blogging? The best part is that starting a blog is easier than ever before.