I have heard that you can make money from blogging, but i really don’t understand the concept. How do you make the money? How much can you make? Is it hard? Is it easy? Is it time consuming? Is it worth it? If you could answer that would be great, thanks.
Hello Patrick,
Thanks for posting this question.
Infamous, Minh, Belinda, Miss Expert have covered some great topics!
In addition to what they have already covered, here’s my 50 cents:
How do you make the money?
>> The best way is to take a course from someone who is already an expert. It’ll save you weeks of time, effort and money.
How much can you make?
>> A four or five figure per month income depending on how much effort you put into your blog.
Is it hard? Is it easy?
>> Well, like any new concept it has a learning curve (probably a few days). Once you know the basics, its really easy…
Is it time consuming?
>> Nope. I spend about 30 minutes on my blog every time I post something. Usually two or three times every week.
Is it worth it?
>> Absolutely. Blogs are FREE, and Search engines love them. It is the easiest way to get organic traffic without spending a dime.
Patrick, assuming you want your blog to rake in cash, you’re going to have to go about it in the right way. Sure, you could probably manage to make a little bit of money here and there simply via advertisement revenue and by promoting certain offers – but this probably isn’t going to bring in the sort of riches that you dream of.
Truth is, if you’re set on making as much cash as you can from your blog, you’re going to need to ensure that you’ve covered all your bases and have tweaked them so that every aspect of your money making process is performing in tip top condition.
How do you do that? Well, the best place to start is to look at each ingredient of a successful money making blog individually:
1. Traffic ========
More traffic normally means more sales. At least, it definitely means more potential customers which in turn means that you should be making more sales than previously. Course, traffic is a very wide topic and there are countless ways in which you could generate it – so what you need to do is pursue as many of these as possible.
While you’re at it you should also be aware that you’re looking for as highly targeted traffic as you can. Using keywords, you should find that you’re able to achieve this well.
2. Conversion Rates ========
How many of the potential customers that visit your blog actually end up buying stuff from it? In a nutshell, that’s your conversion rate (though it is normally measured as a percentage, i.e. X% meaning X sales per 100 potential customers). Ensuring that your conversion rate is as high as possible is an extremely good idea because it means that you’re going to be taking advantage of more of your traffic.
By capitalizing on as much of your traffic as possible, you’ll be getting the most out of your efforts, and not ‘wasting’ any of the traffic you’ve worked so hard to obtain.
3. Repeat Customers ========
Having made the effort to clinch a sale with one customer, it would be a crying shame if you simply let them leave and never hear from them again. Seeing as they’ve already bought something from you it means that they are interested in the niche that you’re in, and more importantly – they’re willing to buy products in that niche!
So if you could just take down their details, you should be able to turn them into repeat customers (or at least stand a good chance of doing so).
Yes, we’re talking about list building, though nowadays using things such as Twitter can be just as good. End of the day, the choice is yours so long as you’re able to set up some system whereby you can continue to market to your proven buyers.
If you’re able to take care of each and every one of these key ingredients, you’ll quickly find that you’re able to turn your own blog into a successful money making blog too! None of this is really all that tough, and now that you know what you should be looking at, why don’t you head over to your own blog and see what you can improve!
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There’s a guy called Jason Gazaway who makes Five Figures from blogs every month. Read about him if you have the time — http://bit.ly/21da2M
Have a nice weekend!
- Swarup