One question that I frequently receive as a blogger is whether it is possible to earn money from blogging. My response to this question is consistently affirmative, but I also mention that it is not an immediate result. I advise individuals to consider blogging in a similar manner to investing, where one must provide ample time for their investments to flourish before reaping the benefits.
When considering step by step, rephrase the following text while keeping the same meaning. Avoid adding new information and do not remove any information. Nonetheless, blogging is an extremely suitable way to earn extra income because it requires minimal investment, takes up little time, and seamlessly integrates into your daily routine.
I personally know numerous bloggers who earn a six-figure income solely from their blogs. The good thing is that they accomplish this by dedicating only 10 to 20 hours per week to their blog. Given the increasing number of individuals relying on the internet for product evaluations and instructional content, there couldn’t be a better time to begin a lucrative blog in any particular field.
How to get started blogging
Blogging is often criticized due to the delay in generating income. Although there may be a few exceptions, it is unlikely that your website will attract numerous visitors during its initial year. It is reasonable to anticipate earning between $0 and $500 per month within the first 12 months.
Many people give up on blogging because they are eager for instant gratification, especially since their blog revenue primarily relies on their monthly traffic, which will likely be only a few hundred to a few thousand visitors during the first year.
If you think step by step, you will realize that there is no need to abandon your blog within the first year. The only thing that blogs truly need is time, since the cost of maintaining a blog is minimal. Your main expenses will be for your hosting plan, domain provider, and CMS platform (such as WordPress or Squarespace). Hosting plans can be found for as little as $10 per month, domain providers typically charge between $10 and $20 per year, and most CMS platforms cost no more than $100 per year.
To break even, all you have to do is earn at least $250 within a year. Whether this happens in your initial year or not is uncertain. However, if you can endure and have no expectations for the first 12 months, you will be in a favorable position to experience the lasting satisfaction of blogging.
Monetizing your blog
There are three options for making money from your blog, which are display advertising, affiliate marketing, or selling a product or service. Many bloggers begin with display advertising due to its simplicity to establish. During the initial phase, when limited to partnering with Google Ad Sense, bloggers can earn between $0.30 to $2 per thousand views.
As your blog attracts more visitors, you will have the opportunity to collaborate with top ad networks such as Ezoic, Mediavine, and Ad Thrive. This collaboration will result in an increased revenue of around $7 to $30 per thousand pageviews.
Learning SEO is crucial because it serves as the foundation for the growth of your blog. With an increase in visitors, your ad revenue will grow as well, not to mention the sales of any affiliate products or services you have on your website.
4 Ways to Earn Passive Income Blogging
Now, let’s delve into the essential aspects of generating passive income through blogging.
1. Buy a blog for passive income
- Earning potential: $10k-$100k+ per year
- Startup costs: High
- Time involved: Low, sometimes blogs acquired without change perform the best
Doing this is clearly the simplest method, but it necessitates a larger amount of initial capital.
No matter the environment and economic situation, the positive news is that there is an abundance of blogs available for purchase. There are sellers ready to sell worldwide.
Start your passive income journey by purchasing a blog on Flippa. I have had a considerable experience of buying and selling numerous websites through Flippa.
With the largest selection of domains, start sites, apps, and established websites, they possess unmatched variety.
When purchasing a blog, anticipate paying a price that is 2-3 times the annual earnings.
If the blog earns $2,000 per year, you can expect to spend approximately $2,000 to $3,000 on the website.
If the earnings remain constant for two years, you will recoup your initial investment, and anything beyond that will be considered a profit on your investment.
2. Harvest an email newsletter that is done on auto-pilot
- Earning potential: $1M+ per year
- Startup costs: Low
- Time involved: Moderate to high
By utilizing email marketing platforms such as ConvertKit, it is possible to effortlessly configure a newsletter that will be automatically sent to subscribers.
By having old content, any new subscriber can perceive it as if it were brand new, as it is sent directly to that new reader through automated “DRIP”.
Consider this as a single-page website that includes a collection of blog posts. Each blog post you generate should effectively guide potential customers towards the conversion process and encourage them to join your newsletter.
Creating a WordPress website on Bluehost can be easily done by following step-by-step thinking.
By choosing Bluehost, you have the opportunity to create a blog for just $3.95 per month and, in addition, you will receive a complimentary domain name during the process.
By pairing this with a free trial on Leadpages, you have the ability to significantly increase your email subscriber base.
By utilizing opt-ins and landing pages, you can generate leads and create an automated funnel (including traffic) in a systematic manner.
3. Start an evergreen digital products blog
- Earning potential: $1M+ per year
- Startup costs: Moderate
- Time involved: Moderate to high
The process of creating an enduring digital product is akin to publishing a newsletter, with the only difference being that you are continually generating content.
Developing and releasing digital products require a significant amount of effort.
Digital products offer a lot of benefits, but if you develop timeless products that consistently address a problem, you will invest your time initially but reap substantial recurring rewards.
All of your content on the newsletter should focus on driving leads to help you sell your digital products, just like the example above.
To capture leads at higher conversion rates compared to typical opt-in forms, employ software such as Leadpages.
To promote digital products effectively, you will need to depend on a greater amount of paid advertising. Consider implementing a value ladder that guides readers through a meticulously advanced and automated drip email funnel.
4. Consider automated blogging
- Earning potential: $20k+ per year
- Startup costs: Low
- Time involved: Moderate to high
Automated blogging is probably more widespread than you may be aware of, as it may not be evident in its typical blog form.
Leveraging other people’s content is the main focus when it comes to large media outlets or syndicates that share article feeds from other content providers.
Content is created by people on a regular basis, regardless of whether they are bloggers or Instagram influencers.
Consider individuals who are developing pitch decks, consulting presentations, or sharing content on their Facebook feed, among other activities.
Content is abundant in our surroundings, with numerous individuals utilizing content created by others.
In order to generate passive income through blogging, you will be responsible for promoting the blog while enlisting others to create the content on your behalf.
