Making money with a blog is a process. It sounds easy to do. Set up a free blog and post to it people will read what you post and you make money. To be honest it is as simple as that. The harder part is to get enough readers to make money. According to Technorati, they estimate that if you can get 100,000 unique visitors to your blog a month you will make about $75,000/yr. Define your goals if you are setting up a blog to make money. If you think your going to replace your full time income, that’s fine just know it will take time and a lot of work. More than half the Blogs out there are not making any money at all. The other extreme is a blog like Boing Boing makes over 1 million dollars a year.
A similar alternative to blogging to get the same 75k/yr
A site like hubpages.com or Xomba.com is great because they already have a high ranking with the search engines. Writing an in demand article on these sites will be seen by more eyes than if you started a blog and posted the same article there. If you have 10 different well written articles on a site like Hub pages it’s almost like having 10 blogs online. To break down the 100,000 visitors in the above paragraph to get 75k/yr, if you have 100 hub pages that get 1000 views a month, that might get it done. There are 365 days in a year, can you write one well researched article a day? Can you see where I am going with this line of thinking? The drawback is your limited to amount of ways you can make money from the pages. These are just two sites. Join as many ad sharing revenue sharing sites as possible. Start your own blog and post everyday if possible.
What people are earning from their blogs
I got the following stories and data from US News.com the article was written by Kimberly Palmer and dated August 18, 2008. Here is what some people are earning from their blogs. These figures include all revenue sources on the blog such as ads, product sales etc. Some of these stories are very motivating.
The beginner: Squawkfox.com, who launched her blog in January, started running ads about three months ago. She says it's too early to report any financial data, but she has been pleasantly surprised with the number of blogger friends she has made and the readership she has cultivated. She was also surprised by the amount of work involved, including time spent answering reader E-mails and learning technical skills to improve the look of her blog. "There is no easy path to blogging for bucks. It takes time, effort, commitment, constant learning, a love for people, communication, and the desire to want to help in some way," she says.
The Full-Timer: Over at Lazy Man and Money.com defies his name. He works about 14 hours a day on weekdays and then puts in nine hours on Saturday and Sunday. But his hard work is paying off—he estimates his blog will earn him around $30,000 this year. He says he's still figuring out how best to spend his time—whether it's commenting on other blogs, E-mailing with blogging friends, or responding to media requests. "There's simply a lot more [to do] than what the average reader sees," he says.
The Specialist: Silicon Valley Blogger at The Digerati Life.com has carved out a successful niche as the expert on personal finance and technology in Silicon Valley. While she says she didn't earn much during the first six months of her blog's life, she received her first $100 check from Google AdSense shortly after that point, when she was getting around 600 unique visitors a day. SVB now earns between $3,000 and $5,000 a month and estimates she works on her blog about 40 hours a week. She says, "I gave up my full-time job to see if I can pursue this as a viable way to make money. I am hoping that in another year or two, I'll be able to achieve income levels similar to what I was making from the career I left behind."
The Success Story: Steve Pavlina.com started his blog in October 2004, but it wasn't until May 2005 that he received his first traffic spike for an article on how to become an early riser. Since then, he has continually added to his readership by regularly posting original articles on personal growth and development. He says he now gets around 2 million to 2.5 million visitors a month and earns in the five figures each month. His blog has also earned him speaking gigs and a book deal. "What grows traffic is writing high-quality articles that are original, compelling, and profound in some way," he says.
Blog revenue Adsense Only
The secret with Adsense is to have blogs set up around expensive Adword keywords. For example, someone paying $1 per click for a ad and the ad shows on your blog and gets clicked, you will receive more for that click than if someone is paying .25 per click.
Here are some more figures I found in the Washington Post [mirror] that talks about a few websites making a fortune with Adsense:
Andrew Leyden of PodcastDirectory.com receives nearly a million hits and makes around $30,000 to $40,000.
Freeweblayouts.net owners make $100,000 a month from a site that provides readymade web design templates for MySpace.com
SeatGuru sites gets 700,000 visitors a month and makes about $10,000 to $20,000 a month from Adsense alone.
As you can see you can make money. Don’t underestimate your ability to do this. There are blogs making money, blogging about nothing important or with simple posts. Visit some of these blogs, get a feel for what a successful blog looks like. Set realistic expectations about how much you want to make, have a plan, get a concept, have determination, a positive attitude, and consistency before long you will be making money too.
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