The good news is that if you know how to write and are passionate about certain subjects, you can make money through blogging. Even if you are not passionate about a subject but believe that it is a good subject to promote, there are volumes and volumes of content that you can research and write about. Do not fear running out of content.
Here are the five key steps you need to take to answer the classic question ‘How do I start blogging and make money?’
Step 1: Decide between a free hosted blog and a self-hosted blog
“Make Money From Blogs” and
‘how do I make money from
blogs?’ is asked too early in the blogging game. Instead of focusing on earning from your blog at the start of the blogging process, you need to start with a more fundamental question. You have to start the process by asking ‘How do I start blogging and make money?’
First things first. You have to focus on the fundamentals of starting. And nothing is more fundamental than choosing between a free-hosted blog like blogger.com, wordpress.com, tumblr, among many others or a self-hosted blog.
Self-hosted blogs involve getting a server and installing wordpress or some other popular free blogging software platform. The big advantage of going with a free host is that you don’t pay anything. Everything-from hosting to your blog’s address to your blog’s design-is provided by the platform. The downside to this approach is that if your blog becomes successful, you might not get a buyer or you might get low offers because the buyer doesn’t get to control or transfer the blog.
On the other hand, going with a self-hosted blog allows you maximum theme flexibility and functionality. You can also sell the blog freely. The downside is that you have to pay for hosting, domain registration, theme modifications, paid plugins, and other related costs.
Step 2: Pick a winning niche
The key to the question ‘how can i make money with a blog?’ lies in the niche you choose to focus on. You have to pick the right one. Otherwise, you might not make any money with your blog. Seriously. You have to consider the following three factors when choosing a topic for your blog: competition, passion, search volume, and commercial value.
You have to pick a niche that doesn’t have too much competition. The more competition your niche has, the harder it will be for you to make money.
You also need to pick a niche you’re passionate about. The more passion you have for something, the harder you’re willing to work to make your dream succeed. Search volume is important because you only want to pick topics that people are already searching for. If you pick a topic that few people are interested in, your chances of making money is slim to none.
Finally, you need to select your blog’s topic based on commercial value. Use Google’s AdWords tool to see how much advertisers are willing to pay per click on keywords related to your topic. The higher the price per click, the higher the chance you’ll make money with your niche.
Step 3: Create a product
There are many ways to answer the question, ‘how can i make money with a blog?’ You can run ads that pay you per click. You can run ads that pay you a commission when your blog readers buy. You can even run ads that pay you per software installation.
While these approaches might make you some money, the best approach is to create an information product like an ebook, online seminar series, or online video series. This is the best way to approach the problem of ‘how can i make money with a blog?’ Why? You are building a product based on your blog readers’ actual needs.
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