I see this question pop up in forums all the time and emails that I get from my readers. Let’s face it, there are an awful lot of bloggers out there bragging about their six-figure incomes. But, seriously. If it’s really possible, wouldn’t more people be blogging?
It’s definitely a valid question and, since I’ve been blogging myself for quite a few years now, I’m going to tell you the seven things I know about making money from blogging.
1. Yes, it’s possible
Yes, you really can make money blogging and you really can make a six-figure income. I do myself, and I’ve met a quite a few other bloggers who do, too. However, it’s important to understand that you won’t reach this level of income over night. In fact, it will probably take a few years of full-time blogging. You’re going to have a lot to learn, and you’re going to need to treat it like a business.
2. You have unlimited options for monetization
If you’re worried that you don’t have the skills or knowledge to be a successful Internet marketer, don’t worry. Most bloggers don’t when they’re just starting out. If you’re determined you can learn everything you need to know along the way. But you have an unlimited number of options for monetizing your blog. Again, this isn’t something you’ll learn over night, but as your blog grows you’ll learn that if you can imagine it, you can do it.
3. There is no right or wrong
There is absolutely no one technique or method that works best or works all the time or doesn’t ever work at all. Each blog is different and what works for one may or may not work for another. It’s up to you to know your readers and define your goals and after that you can choose any path or multiple paths that work best for your business.
4. You can monetize any niche
Those bloggers you see bragging about their six-figure incomes are all blogging in the How To Make Money Online niche, which makes it all sound a little suspicious. But it’s true, you can monetize any niche with affiliate products, ads, or your own products or services. In some niches you’ll need to be creative, and that’s something else you’ll learn over time.
5. You only hear about the Make Money Blogging niche
Yes, you do only hear about the Make Money Online bloggers but there are reasons for that:
- They’re a large online community so they attract a lot of attention
- They have their own special forums where they talk about things like marketing techniques and income
- Their target audience is people like you who want to make money blogging so it only makes sense to let you know how much they make so you’ll know they’re experts
- Bloggers in other niches don’t have special forums where they talk about marketing and income. If they talk about it at all they do it in the Internet marketing forums, where they look just like everyone else.
- Bloggers in other niches don’t need to openly talk about their incomes because it’s not relevant to their audience
- Bloggers in other niches are hesitant to talk about their income and techniques for fear of competition
6. It takes a lot of time
It takes a lot of time to build a successful, money-making blog. It may be six months before you make your first dime and another six before you hit that $100-a-month mark. It might take another year for you to hit $20,000 and two more years after that before you hit $100,000. You might get lucky your first month out and make $1000, but it will be a long time before your income becomes predictable and consistent.
7. It takes a lot of commitment and hard work
If you read the first six things I know about blogging then you’ll see there’s a recurring theme – You’re going to have a lot to learn, it’s going to take a lot of time, and both of those things mean it’s also going to take a lot of hard work and commitment to really make money blogging.
But it would for any business you built for yourself. It takes a least five years for a small, offline business to start making money and the same thing is true for a blog. A blog is just like any other small business – you need to treat it like a business if you want to make money.