Blogging Financial Prosperity: The Brutal And Honest Truth

Steven3 responsesBlogging

There’s an old saying: The more things change, the more they stay the same.

I read an old article on a blog last week that bemoaned the fact that in 2004 most bloggers were blogging for peanuts.

We’ve come a long way since 2004, but in some ways, nothing has changed.

According to the article, in 2004, very few bloggers made any real money at all, certainly not enough to live on.

Most had only a “Donations” button on their blog, and those who were making money were making it somewhere else, not on their own blogs.

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But 2004 was a long time ago, especially in blogging years, and a lot of things have changed.

Now, you rarely see a donation button on a blog, there are too many other options.

For example, almost every manufacturer has an affiliate program now and, at the very least, they’re paying for Adwords promotion.

You also don’t see donation buttons because readers just don’t make donations anymore.

With hundreds of blogs in every niche, why pay for information they can find for free all over the Web?

But is that enough to make blogging a reliable source of livable income?

Nope.

That still hasn’t changed.

There still isn’t a single blogger on the Web who earns a six-figure monthly income simply by blogging about his favorite hobby.

If you want your blog to lead to financial prosperity, you have to do the same thing those bloggers in 2004 did – you have to learn to be creative and you have to focus on building a business.

In 2004, Andrew Sullivan, former editor of The New Republic, had an A-list blog that most assumed was making thousands of dollars a month because he accepted American Express and PayPal donations and he had a lot of traffic.

But Sullivan admitted that if it weren’t for the money he earned with his freelance writing and public speaking appearances, he’d be standing in line at a soup kitchen.

Sullivan’s blog wasn’t earning any money itself, but he used it as a promotional tool to build a writing and speaking business.

In 2012, most new bloggers look at the big blogs and think they raked in the bucks, too.

Some might, but only because their owners have built the blogs into businesses, selling advertising space and job listings and promoting their own infoproducts.

Most of the time, they also owns several other blogs and belongs to multiple blogging networks.

In short, a-list bloggers do a LOT more than just offer up blogging tips every day.

If you break a-listers’ income down, you’ll probably find that very little of it comes from the blogs themselves, it’s what they’re doing with their blogs that bring in the money.

Like the bloggers of 2004, successful bloggers are still earning very little money with their blogs.

It’s only when they get creative and turn their blog into a marketing tool that they realize that financial prosperity.

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3 Comments

  1. I think that it would be very difficult to have a full time income on a single blog. I do know that some people are able to do this on several micro-niche blogs. $500-$1000 per month per blog can really add up.
    It’s not impossible, but just like with anything in life worth having, it takes hard work.

    1. Making a full time income from a single blog is possible. It all depends on your niche and your audience.

  2. Steven,

    Blogging is kind of like personal PR. There is no direct money connection but becoming known raises awareness of your other businesses.

    Do marketers raise money or do they raise awareness?

    Cheers,
    Marc

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No thanks, I have enough money