Can blogging make you rich? That’s the question every blogging beginner seeks an answer to. If you want to devise better ways of how to make money as a blogger, you’ll have to drop those cookie-cutter tips you’ve been banking on. It’s much more difficult to find a blogging veteran willing to give proper advice on how to become rich by blogging.
Most tips for blogging for beginners are mostly generic, talking about focusing on your passion, maintaining consistency, and creating great content. Then, emphasize that in a couple of years, your blog will have the massive traffic you’ve dreamt of and start monetizing it with Google AdSense, affiliate marketing, etc.
The plain truth about whether you can become rich from blogging is that it doesn’t have to take a decade. You need to develop that CEO mindset and start acting like it. We’ll highlight every bit of it and how you can position yourself to earn a six-figure income from blogging.
How Much Money Can You Make from a Blog?
How much are you likely to earn through successful blogging? Can blogging make you rich? Well, it all depends on a lot of factors, and the income for bloggers is variable. According to Glassdoor, bloggers earn between $19K and $79K a year.
Other sources claim that bloggers earn an average of $24K per year, while corporate bloggers earn about $33K. Of course, there are other top blogs like Engadget who have an average income of $5.5M per month. Forbes reports that the Huffington Post earns up to $14M a month, but these are corporate blogs managed by multiple top-notch bloggers.
If you’re planning to run a blog independently, you’re not bad off either. According to a Blogging.com survey on a thousand bloggers, about 17 percent earn an income that sustains their livelihoods. 81 percent never earn even as little as $100 from their blogging gig. The remaining 2 percent, like Tim Ferris, dedicate only 2 hours of their time a day and end up with a revenue of over $150K a month.
As you can see, blogging is a high-end gig that can earn you passive income. It all depends on several factors, including your audience connection, your ability to generate traffic, and the competitiveness of your topics, among others.
Deflecting from Generic Blogging Advice
As mentioned earlier, most of the blogging experts out there only focus on delivering more nonspecific advice for beginners to start earning money. Life-changing blogging requires you to act faster and start reasoning like a CEO. You need to have a system in place for scaling your blog like a business start-up, not as a hobby.
Bear in mind that you’re not only a blogger but a business owner as well. We’ll cover the key things you need to focus on as a business owner to change from blogging as a hobby to doing it as a business.
Can Blogging Make You Rich? How to Get Started
Before jumping into blogging for business, you first need to know how to create a blog. The first and most important thing is to register a domain name and get web hosting space. Depending on your budget, multiple hosting service providers can get you affordable hosting space with a lucrative package for beginners.
Choosing domain names can be trickier for starters, as it’s what determines how memorable your blog will be. While picking one, make it easier for an audience to know what it’s all about even before visiting it. You could go with healthandwellness.com if your niche is mainly about living a healthier life or fitness.
Some bloggers also like to use their names for the domain, like Adam Enfroy. This strategy can be great if you already have a following and have built a stronger online presence. It can still work with beginners, but you’ll have to up your game and ensure that when your name is mentioned, people only think of what you deal with.
Choosing Your Niche: focus on what the market wants
When it comes to selecting a niche, this is where most bloggers also blunder. Like the so-called veteran, bloggers like to put it, go with what you’re passionate about. That, of course, is if you’re a known expert in a particular field, like a florist, landscapist, or painter.
But if you are just building a ground for yourself, choose a niche according to the existing market factors instead of your passion. The reason why most bloggers rarely go beyond their first six months is that they’re made to believe that they aren’t passionate enough.
Some bloggers also claim that “blogging is my hobby,” or “I’m not doing it for money.” Those blogging for a hobby are simply those who don’t know about the money-minting aspect of blogging. And since most beginners start writing about their passion, then later try to find something that can earn them money, they will always fall short of success.
Before starting your blog, choosing a niche based on what the market wants is very crucial. Also, you need to consider your audience’s purchasing power, market demand, and professional leverage.
Avoid Overproducing Content and Scale It
The first three months of your blog aren’t about creating drafts, shaping your content, and maintaining writing consistency. It’s about focusing your energy on the key things that matter the most, such as link building, editing, and publishing.
Just like a business start-up, you need to establish strong niche credibility before going into actual production. But how is it going to operate without content? Hire freelance writers! There are so many freelancing websites with highly rated writers who can readily produce content during your first few months, so you can focus on building credibility.
You can acquire up to 5,000 backlinks during your first year of using freelance writers to develop your content. If you want to seize the opportunity as a business owner, you need the focus of a CEO who knows how to mint money by monetizing it.
Monetize your Blog Properly
With the mind of a business owner, you don’t have to focus on manufacturing goods, but instead, you need to aim at finding the right market for what you’re selling. It’s the same logic as with blog monetization.
Create a monetization plan
When you consider the question, “Can blogging make you rich?” Monetizing it the right way is an essential undertaking if your answer is to be affirmative. And you’ll have plenty of options to make money from blogging, including ads, affiliate programs, consulting, sponsored posts, online courses, selling digital or physical products, and more.
Finding the best strategy to deal with requires you to know the traffic level of your blog, because some of them have more web traffic requirements. As such, it’s very important to create a blog monetization calendar. It would be awkward to launch your blog and start posting ads right away.
Likewise, it doesn’t make sense to fill your blog with lots of affiliate links while it’s still very fresh. Such strategies require massive traffic, like thousands of visitors to achieve only one sale.
Begin by offering consultation services
The best course of action would be to start by earning trust and building yourself a list of reliable clients. How do you achieve that? By offering high-level consulting services. This is especially ideal if your web traffic ranges between 0 and 1,000 in a month. If you have expertise in a certain field, say, a medic or healthy living advisor, you could use your skills to solve people’s problems and build your audience.
Proceed to affiliate marketing
After building credibility and earning the trust of many more people, your website traffic can grow to up to 2,500 visitors per month. That can take somewhere between 90 and 180 days. If you have products related to your niche that you’d like to promote, this is the time to start marketing them.
Take caution not to overdo it though. Practice moderation and ensure that the promoted products or services are related to your blog’s niche.
Advance to online courses
As your traffic continues to grow, you should be able to host your first online course by the end of the first year. With over 5,000 monthly visitors, you can start hosting online courses where audiences can subscribe to them.
Introduce membership subscriptions
After the first year of blogging, you’re now enjoying web traffic of at least 10k a month. This is the time to go big with membership subscriptions, such as online membership subscription courses.
Team Up with Other Bloggers
Collaborations are important for every blogger who wants to expand their audience. Reach out to other well-known bloggers and offer to create a post on their blogs. You can embed links leading to related posts on your blog. This way, those reading your content might decide to visit the links to your blog if they find it engaging.
So, one key thing to bank on here is to ensure that you produce high-quality content so that other bloggers won’t have difficulty accepting your guest posts. Likewise, invite other bloggers to create guest posts on your blog and share links on their blogs. This way, you can increasingly build your audience base and find those prospective clients willing to abide by your brand.
Can You Become a Millionaire by Blogging?
There are an endless number of ways bloggers make money. High-end successful bloggers earn a seven-figure income a year, while some make no money at all. If you’re to join this club of blogging millionaires, stay away from generic blogging advice like focusing on your passion, producing content frequently, and such. To answer the question “Can blogging make you rich?”, the answer is a definite yes!
Tackle blogging as a business. You’re an entrepreneur, not just a blogger. So, harness every money-minting skill that all the top bloggers are using out there. Focus on strategies that attract your audience, rather than what you feel is right or the generic blogging advice that makes every beginner quit during their first six months.