You also don't have much say in how much you're able to make with these revenue streams. Products (e.g. ebooks, video courses, apps, etc…), on the other hand, are your own. You can price them at whatever you want them to be or at least what your audience is willing to pay. This gives you the freedom to create whatever type of content you want and earn however much money you want.
Blogging has to be one of the lowest risk investments you can ever make in yourself and/or your business. For less than $100/year you can try it and if you find out it’s not for you, you can cancel at no charge to you. HostGator offers such plans that start as low as a few dollars per month and scale up from there depending on your needs. For most of you, the most basic of plans will work until your web traffic begins to grow considerably.
I had a blog a couple years ago in a pretty precise niche (female musicians), too precise maybe. I had like 20 readers! Now I’d like to try again with another topic but I’m afraid there’s way too much blogs about it already (hippie lifestyle including health, fashion, decor, beauty, printables, etc). I tried checking stats and keywords but I don’t understand any of the information I’m getting. I’d rather pay someone to do the research for me but I have no money. The other thing is that I’m not an expert in anything. The hippie lifestyle thing is the only topic I can think of that would generate more than two article ideas in my brain! Do you think there are solutions for someone in my situation ?
I guess, based on my computer abilities, that I knew that blogging wouldn’t be easy but I just wish someone had been a little more HONEST with me about what it would take. I also wish, that the first “how to start a blog tutorial” I ever used had held my hand throughout the process a little more. (I am a classic victim of the how to start a blog tutorials that ONLY take you through step one!)
NOTE: I’ll get into this in the section on Helping Other Bloggers, but be sincere in your help. If you only seek out to get something out of someone else, you won’t form a relationship with that person. I’ve liked Stephanie’s blog and content since I first saw it. She has an amazing story of being broke in New York City, and she’s built this amazing personal finance business in just a couple years. I help Stephanie because I like Stephanie, not because I want or expect to get anything out of the relationship.
Obviously, you can blog about almost anything. However, you won’t succeed at it if you’re not staying true to yourself. Don’t blog about something you’re not passionate about. Don’t blog about something you’re not knowledgable about. You have to have some degree of knowledge and a big degree of passion. That’s just how it works if you want to succeed.
Thank you Yaro for all the information. Being new to all this, I am trying to get my thinking straight. When you all speak of conversions I take it that you are talking about having something extra to sell than just having them click on adsense ads. Correct? I believe you are talking about converting visitors to loyal paying followers, is this correct? I have only been blogging a couple of months so I have much to learn. Thanks for your patience.
Ruth Soukup is a writer, blogger, mom of two, and the successful founder of the blog LivingWellSpendingLess.com. Since launching in 2010, Living Well Spending Less has become one of the most popular personal finance blogs on the net, receiving more than one million visitors per month. She is also the founder of the Elite Blog Academy, as well as the author of the bestselling blogging guide How to Blog for Profit (Without Selling Your Soul), and her next book, Living Well, Spending Less: 12 Secrets of the Good Life (Zondervan) will be released December 30th, 2014. For more information about Ruth, please visit LivingWellSpendingLess.com.
Some people will argue that you shouldn't start a blog in a niche that isn't too popular. For example, if you want to write about something like crocheting or playing a specialized instrument, understand that the appeal of the blog can only be as large as the total global audience in your prospective language. Some things simply don't have a large audience.
Selling private ads can come in the form of banners, buttons, or links. You can even make money writing sponsored posts where you write about or give a review of an advertiser’s product or service. Another option is to write an underwritten post or series, which is where you can write about any topic, but the advertiser pays for a “Brought to you by” mention in the content.