Submitted by Matt Powers
When Google changed from an information company to an advertising company – circa 2001 – dollar signs appeared in eyes of moonlighters everywhere. Just think…you can sit at home, write a couple of online ditties and make thousands of dollars from Google ads. To wit, according to Pro blogger.net, 46% of bloggers blog to make money. Maybe you are one of those folks. Or maybe you started your blog to help add revenue to your business. Whatever the reason you began blogging, you no doubt expected some duckets to follow its birth.
Flash forward to 2010. There were 152 million blogs, more than 600 million people on Facebook and 175 million on Twitter. The latter platforms have updated numbers, but no one seems to be tracking blogs any more since Blogpulse.com shut down this year. Blogs, it seems have lost some of their luster, in favor of shiny new platforms such as Pinterest, Facebook and Twitter. And as far as making money, well dig these stats from a survey conducted by Problogger :
- Nearly 70% of bloggers make less than $500 a month.
- About 29% of bloggers make $10 or less a month
- Only 9% of bloggers make upward of $20,000 a month
Blogging for Money Takes Vision
The days of plopping a virtual topic awning in the Internet market space and raking in the cash are over – heck, they never existed. If you plan to make money from your blog you must run it like a business. That means you should:
- Conduct market research
- Create strategies to acquire and retain customers/readers
- Separate yourself from the competition by building your brand
- Market your blog
- Develop channel products – books, affiliate programming, promotional products
If you seriously want to take your blog to the next monetary level then you might need a paradigm shift – think of your blog as a business not just a hobby. The first step in achieving this goal is to write a business plan for your blog.
A business plan can help you answer some of the essential questions to determining whether your blog is a product or service that the marketplace will support or just a parking lot for Google ads. You may not have the answer to these questions either. They may be more effectively answered by your blogging audience. Either way, going through the rigorous exercise of writing a business plan for your blog will help you decide how professional your blog could become.
Matt Powers is an Internet Marketer at Blue Soda Promo, an online promotional products company. BSP imprints logos on items like sunglasses, tote bags, stress balls, koozies and stress balls at ridiculously low prices. We make your brand POP!
- Blue Soda Promo Facebook – http://www.facebook.com/bluesodapromo
- Blue Soda Promo Twitter – twitter.com/BlueSodaPromo
- Blue Soda Promo Google + – https://plus.google.com/115782071159938586989
- Blue Soda Promo Blog – http://www.bluesodapromo.com/wp_blog/




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