You often hear of people making money blogging and may wonder what they are doing to achieve financial success by simply writing a blog. I’ve done a lot of research in this area and confirmed my results with several other online marketers who’ve done the same. You may find our conclusions are very interesting.
Oridinary people like you and I are indeed making money writing blogs, but like with any method of making money online, the revenues one can achieve by blogging covers a wide range and many variables determine the level of income one can make.
First, let’s talk about the revenue sources for making money on blogs. The obvious means of making money on blogs is running Google adsense ads, displaying affiliate program banners and pitching deals to your readership. By pitching deals to your readership, I’m talking about blog articles that promote a product, then send the reader through an affiliate income link to the product manufacturer or creator’s website. Then, if the reader ends up ordering the product, you earn a commission.
The most money you’ll ever make in online marketing is in your “list.” Yes, I’m speaking about your mailing list. To build a list that people will want to subscribe to, you’ll need to be offer an ezine with an ezine signup page on every page of your blog. If people come to know you as an expert in your field through your blog and you offer great advice, comments, good deals, etc. through your ezine, then chances are you can build a great mailing list. The longer your in business, the bigger your list should become.
Make your newsletter short and sweet, something people can read quickly, within 5 minutes. Send it weekly. Only promote products that will earn you revenue in 1 out of 4 newsletters. Only promote products you know to work and have tried yourself. You never want to jeopardize losing your list by recommending a product that doesn’t do what the creator claims.
A day will come when your list will be so big that the income derived from your list promotions will be your greatest source of income. In the beginning your income will start slowly from blogging, so this will have to be a second income source for you.
If you try to operate solely on Google Adsense revenue you will never get rich until you’ve written thousands of unique content pages. If people love reading your blog, they’ve come to read your blog, not click on your Google ads. Thus, your clickthrough rate will likely average less than 1.5 to 2.0%. Do the math based on that clickthrough rate. It takes traffic and lots of it to make several hundred dollars per month of Google Adsense revenue from a single blog. Chances are very high that you’ll burn out on writing before you ever get enough pages and traffic to justify blogging for income.
I’ve tried to tackle a very big subject here that has lots of angles and lots of ways of making money. Blogging for riches is not as easy as some may make it sound. But if you use your brain and give it more thought, there are ways to take a simple blog like this and turn it into a real life-long moneymaker, even if you don’t write ads. I’ll try to cover how to do this in my next blog post.
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