Showing posts with label FAQs Help and Tutorials. Show all posts
Showing posts with label FAQs Help and Tutorials. Show all posts

Monday, 3 June 2013

Should I Blog for Money?

I speak with bloggers every day who have heard the stories of blogs that make big dollars and who want to try to make an income from blogging also. One of the pieces of advice that I attempt to convey (and I’m afraid it doesn’t always get through) is that it’s worth pausing, before running out to slap ads on your blog, to ask yourself whether making money from your blog is right for you.

While this might seem to be a silly question to some (what’s wrong with earning money?) I think it’s worth at least asking the question.

Not every blog is suited to blogging for money.

Does it Fit with Your Blog’s Goals and Objectives – For me a lot of the advice that I’ve given in this series of blogging for beginners comes down to working out some goals, strategy and vision for your blog (I’ve written extensively on strategic blogging here so won’t unpack this now). There are many reasons why people blog and the motivation of money is just one of them. Here’s some of the responses I had when I asked why people blog:

  • ‘I blog for recreational purposes – to help me relax’

  • ‘I blog as part of my plan for world domination’

  • ‘I blog to help me promote my book/business’

  • ‘I blog to keep a record of the life and times of me’

  • ‘I blog because I want to help others’

  • ‘I blog to because I’m lonely and want to connect with others’

  • ‘I blog to pick up cute girls/guys’

  • ‘I blog because it’s fun’

  • ‘I blog because I want to build profile – I want to be known’

  • ‘I blog to make a living’


Now there is nothing wrong with blogging for more than one reason – but bloggers considering adding income streams to their blogs need to consider the possibility that there are implications of going in that direction that MIGHT impact their other goals.

Let me share some scenarios of real cases that I’ve come across (no names given) where putting ads on a blog wasn’t a good idea. If I were a betting man I’d say that they represent the story of many bloggers and that others could add more scenarios:

 

Scenario 1: Business Blogs - I remember one blogger who added contextual advertising to their Business Blogs (blogs which had primary goals of promoting a business’s services) only to find that the ads that were served to their blogs were for other businesses in their field who they were competing with. While they could block some of the ads they found that more ads replaced them. In the end they felt it was better to remove the ads and keep the focus on themselves.

Scenario 2: Reader Uproar – Another blogger who I have been talking with recently told me the story of the day she added impression based ads to her blog and created a mutiny among her readers who were angry that she’d gone that route. While on some blogs reader ownership are not very high, there are other blogs where for one reason or another that readers take great offense to bloggers changing the rules midstream – especially when it comes to ads. Depending upon the community levels and the way you introduce the ads you can end up losing readership and you need to consider whether the benefits of the income will outweigh the costs of fewer readers.

Scenario 3: Money Obsession - Perhaps one of the saddest examples that comes to mind is of a blogger who had been running a really interesting and reasonably successful blog (I wouldn’t call him an A-lister but he had a small loyal following) who got bitten by the ‘money from blogging’ bug so badly that it ended up killing his blog. Ultimately he ended up deleting a lot of his archives (the ones that had no income earning potential) and slapping so many ads onto his blog that it was hard to find any content. He ended up only ever writing on topics that he thought were ‘earners’. In doing so he lost the vast majority of his readership and ended up with a pretty poor blog. Greed took over.

Scenario 4: Poor Conversion and Clutter - A number of bloggers come to mind who have announced that they are fed up with ads on their blogs largely because the payoff has not been worth giving the space over to the ads. Ads do add another element of clutter to your blog and if the conversion isn’t sufficient they can seem quite pointless. This varies from blogger to blogger and sometimes comes down to the type of ad chosen and the topic that they are writing about – but it’s one of the main reasons I see bloggers taken ads off their blogs.

Scenario 5: Reputation – My last example is of a blogger who was blogging to build his own reputation in an industry. He’d been blogging for a number of months and was slowly become better known (although had a way to go). His problem started when he started promoting affiliate products that he’d had no knowledge of and which (he later found out) were actually ripping people off. In doing so he ended up doing the exact opposite to what he’d set out to do – he destroyed his own reputation.

I’m aware that this post has a somewhat negative tone to it and don’t want to disillusion readers too much. On the flip side of these stories of bloggers who found that blogging for money is not the answer for everyone are many more stories of bloggers who have found ways to supplement their income via blogging (and even a few stories of bloggers who now blog full time).

It’s to these stories (and the strategies that these bloggers are using) that we’ll now turn our attention next in this series.

Source: Darren Rowse From ProBlogger
Related articles


 
Posted by at No comments:
Labels: , , , , , , , , , , , ,

Can You REALLY Make Money Blogging? [7 Things About Making Money from Blogging]

Every now and again I am pulled aside at a conference or am emailed and/or tweeted by someone wanting to get the “real” scoop on whether it is possible to make money blogging.

  • Is it really possible to make a living from blogging?

  • Is it just a small number of people making money from blogging?

  • Is it only really possible to make money blogging if you write about the topic of making money blogging?


I completely understand the questions and would probably want to add one more:

  • If it is really possible to make money blogging, how likely is it that you’ll succeed?


I’ve written many times here on ProBlogger about this in the hope of giving a realistic picture of the topic, but I think it is worth touching on again because there is a lot of misinformation out there right now.

On one hand, we see hype on the topic. Periodically someone will claim to be able to make millions from blogging quickly. These claims are usually accompanied with the release of a product or service (i.e. they are marketing spin).

On the other hand, I periodically see people writing about how it is impossible to make money blogging (or that anyone claiming to be full time is either a scammer, a liar, or is selling something on the topic of making money online).

The reality is somewhere between these two extremes.

7 Things I know about making money from blogging


1. It is possible


I’ve been blogging for just under ten years and for nine of those I’ve been making money blogging. It started out as just a few dollars a day but in time it gradually grew to becoming the equivalent of a part-time job, then a full-time job, and more recently into a business that employs others.

I used to talk about the specific levels of my earnings when I started ProBlogger but felt increasingly uncomfortable about doing so (it felt a little voyeuristic and a little like a big-headed boasting exercise and I didn’t really see the point in continuing to do it)— but my income has continued to grow each year since I began.

On some levels I was at the right place at the right time—I got into blogging early (in 2002 … although I felt I was late to it at the time) and have been fortunate enough to have started blogs at opportune times on the topics I write about.

However I know of quite a few other bloggers who make a living from blogging, many of whom have not been blogging anywhere near as long as I have.

For some it is a hobby that keeps them in coffee; for others it is the equivalent of a part time job/supplementing other income from “real jobs” or helping their family out as they attend to other commitments (raising a family). For others it is a full-time thing.

I’ll give you some examples below.

2. There is no single way to monetize blogs


Recently at our Melbourne ProBlogger event I featured numerous Australian bloggers in our speaker lineup who fit somewhere in the part-time to full-time spectrum. They included:

The year before, we had others, including:

Most of these bloggers are full-time (or well on the way to being full-time bloggers). They come from a wide array of niches and all monetize quite differently—doing everything from selling advertising, to having membership areas, to selling ebooks, to running affiliate promotions, to promoting their offline businesses, to selling themselves as speakers, to having book deals, and so on. Many have a combination of different income streams.

They are all also Australian, and are just the tip of the iceberg in terms of what is happening here in Australia—the same thing is being replicated around the globe.

There are many ways to monetize a blog. To give you a quick sense of the many methods check out this “money map” I created a year or so back, which outlines just some that I brainstormed (click to enlarge).

Ways to Make Money Blogging.png

I also recorded this free hour-and-twenty-minute webinar giving an introduction to the topic.

3. There are no formulas


From time to time, people have released products that claim to be formulas for success when it comes to making money online. They outline steps to follow to “guarantee” you’ll make money.

In my experience there is no formula.

Each full-time blogger I’ve met in the last ten years has forged their own path and has a unique story to tell. They have often acted on hunches and made surprising discoveries along the way.

There are certainly similarities in many of the stories but each blogger has their own personality and style, each one is reaching a different audience, and each niche tends to monetize differently.

The key lesson is to be aware of what others are doing and to learn what you can from each other, but to also be willing to forge your own path as well!

4. Many niches monetize


One common critique of the topic of monetizing of blogs is that the only people making money from blogging are the ones writing about how to make money blogging.

This is simply not true.

In the above list of speakers from our Melbourne event you’ll notice I included topic/niche of each blogger. None sell products teaching others to make money blogging—all are on blogging on “normal,” every-day topics.

My own experience of having a blog about blogging (ProBlogger) and a blog about Photography is that it is my photography blog that is by far the most profitable blog (I’d estimate it’s ten times more profitable).

I’ve interviewed numerous full-time bloggers of late in a webinar series including:

Interestingly, none of them make money by teaching others to make money online. Sarah largely blogs about health and wellbeing, Tsh blogs about simple living, and Ana blogs about woodwork.

5. Most bloggers don’t make a full-time living from blogging


Every time I’ve surveyed readers of ProBlogger about their earnings, we’ve seen that those making money from blogging are in the minority.

In a recent survey of 1500 ProBlogger readers we asked about their monthly earnings. What you’re seeing below is the spread of earnings from readers who are attempting to make money blogging (note: not all ProBlogger readers attempt to make money, so not all are included in these results).



Keep in mind that ProBlogger readers are generally newish bloggers—about half of those who took this survey had been blogging for less than two years.

So of those trying to make money blogging, 10% don’t make anything and 28% are making less than 30 cents per day. A total of 63% make less than $3.50 per day.

Let’s be clear—most bloggers who are attempting to make money are not making a living from blogging.

Having said that, of the 1508 bloggers surveyed 65 (4%) are making over $10,000 per month (over six figures per year) and a further 9% were doing over $1000 per month (which is at least a part-time level of income).

My feeling, having been attending blogging conferences for six or so years now, is that the number of full-time bloggers is on the rise, and there are actually quite a few more people now at least making the equivalent of a couple of days’ work a week in income from their blogs.

However, most bloggers don’t make much.

6. It takes time to build


When I dig down into the stats from the survey on income levels above, and do some analysis of those who are in the top income bracket, it is fascinating to look at how long they’ve been blogging.

85% of those in that top income bracket have been blogging for four years or more. Almost all of the others had been blogging for three or four years.

This certainly was my own experience. I blogged for a year without making money and once I started monetizing it was around two years of gradual increases before I approached a full-time income level. It would have been four years before I joined that top bracket of income (over $10,000 per month).

Blogging for money is not a get-rich-quick thing. It takes time to build an audience, to build a brand, and to build trust and a good reputation.

And of course even with four or five years of blogging behind you, there’s no guarantee of a decent income.

7. It takes a lot of work


Longevity is not the only key to a profitable blog. The other common factor that I’ve noticed in most full-time bloggers is that they are people of action.

Passivity and blogging don’t tend to go hand in hand.

Blogging as “passive income stream” is another theme that we hear in many make-money-blogging products, however it is far from my own experience.

I’ve worked harder on my business over the last ten years than I’ve worked on anything in my life before this. It is often fun and gives me energy, but it takes considerable work to create content on a daily basis, to keep abreast of what’s going on in the community, to monitor the business side of things, to create products to sell, to build an audience, and so on.

The key is to build blogs that matter to people, that are original, interesting, and helpful. But this doesn’t just happen—it takes a lot of work.

Conclusions


Yes, it is possible to make money blogging. There is an ever-increasing number of people making money from blogging at a part-time to full-time level —however they are still in the minority.

Those who do make a living from blogging come from a wide range of niches, however one of the most common factors between them is that they’ve been at it for a long while.

How long have you been blogging? Are you looking to make money from it—and have you already? Share your experiences with us in the comments.

Source: Darren Rowse at ProBlogger



Related articles

Posted by at No comments:
Labels: , , , , , , , , , ,
Subscribe to: Posts (Atom)