How Much Can You Make Blogging For A Living?
A Rhetorical Question Right?
Anyway, I was looking around internet and ran into an article about making money blogging. It was interesting enough to share some statistics quoted.
The author mentioned it took him 16 years to generate a $200,000 per year income from investing but only 4 years to reach the same income blogging. Wow!
Low Barriers To Entry - business jargon to say it is easy and inexpensive to get started.
Enormous Demand Curve - It is as Kyle mentioned in a post, you can reach billions of people through the internet.
Operating Leverage - Business jargon to say your costs are fixed for the most part (hosting and domain registration). Which means as you grow your traffic, your profit margins grow exponentially.
What Type Of People Succeed?
Creatives Who Enjoy Writing - Makes sense since you have to create content to have a blog, DUH! Kidding aside, we all know this is pretty key.
Creatives Who Enjoy Connecting With Others - Engaging with people that read your blog through comments, we know, is key to driving traffic and rankings.
Someone With An Entrepreneurial Spirit - Unlike a freelance writer or journalist, the blogger is not guaranteed to GET PAID. But you become a blogger to get away from the pain in the ass boss right?
People Who Always Want The Freedom To Choose - BOOM! This is my favorite reason and driver that keeps me in the game. I want to do what I want when I want to.
People Who Believe They Have The Power To Effect Positive Change - I think most people here at WA can relate that they got into affiliate marketing because they were not satisfied with some aspect of their life. Being able to make a difference, solve a problem, or provide a needed service is rewarding.
And How Much Money Is Possible?
According to the author, the rule of thumb is you can make anywhere from 1-10 cents a page view. So if you are fortunate enough to have 100,000 page views a month, you should be able to make $1,000 – $10,000 a month.
That is exciting, I am sure not there or even close.
The author even says "Don't Give Up Your Day Job" until you can prove the income is sustainable. Also, living in a low cost of living area versus LA or NYC lowers the risk of having to generate a substantial income. Good advice!
Examples Of Pro Blogger Income
Of note in the example is the income from Consulting equaling all the income from traffic to the blog. Becoming an expert creates another avenue of revenue. The founders of WA are great examples of leveraging knowledge.
Sorry to be lengthy but I felt there were valuable takeaways from this blog post that some might find interesting or insightful.
Thanks for your time!
To Our Success!