HOW DOES MY BLOG MAKE MONEY?
There are loads of ways for a blogger to monetize their site, and I personally have chosen 3 revenue streams to focus heavily on.
I monetize with ads – so for every page that someone views, I earn passive income.
I also monetize with affiliate links – sometimes I link to Amazon or to an ebook I liked, and if the reader clicks on that link and makes a purchase, I earn a commission. This doesn’t cost the reader anything more than it would cost them in the store!
CAN I START A MONEY MAKING BLOG FOR FREE?
Not really. (You can start a blog for free, but not one that will make you money long term.) Sometimes, you have to invest – it’s that old saying… takes money to make money! It is very important for your blog to be self hosted, if you want to earn an income from it.
IF I SPEND A LITTLE TO SET UP HOSTING … HOW MUCH MORE IS IT GOING TO COST ME, BEFORE MY BLOG BECOMES PROFITABLE?
Honestly there isn’t a good one size fits all answer for this question. It depends on what you can afford and what you want for your blog. I don’t think that you have to spend a penny more than hosting for right now.
THERE ARE LITERALLY MILLIONS OF BLOGS IN EXISTENCE ALREADY. IS THERE REALLY ROOM FOR NEW BLOGS TO MAKE MONEY?
The answer is YES, resoundingly yes, there is plenty of room for new bloggers to make money. (Not to mention that just because there are “millions of blogs” doesn’t mean there are millions of successful blogs. People who won’t invest the time, money and effort it requires are included in that “millions” as well. Remember, blogging for profit is work!)
WHY ARE THERE SO MANY BLOGS THAT AREN’T MAKING MONEY?
Yup. I have thought about this long and hard, especially since I have started to see a profit from this blog in such a short time. It’s because people don’t understand what it takes to start a profitable blog, because the internet world is filled with “8 minutes to a profitable blog” tutorials.