Advantages and Disadvantages of Blogging

Have you wanted to start your own blog? Starting your own blog can be a way for you to make money.

What Are the Advantages of having a blog?

This article wouldn’t exist if there weren’t advantages to blogging for money. Here they are:

  • You can make money. There are many different ways to make money blogging.
  • You can write about something you enjoy. I love blogging, because I love to talk and can get everything out there. Personal finance is a great topic because there are so many things to blog about.
  • You can write as much or as little as you want. It’s all up to you! Some people blog every single day, and some people only blog once a week. The amount is what fits you and your blog best.
  • You can share your opinion with the world. Everyone has their own valuable opinion, right? Maybe you can help someone!
  • With growing online commerce, the earning potential is limitless. Not everyone makes money though, so hopes of making a million in one month is of course very, very small.

 

What Are the Disadvantages of having a blog?

Just like everything else on the planet, there does exist some disadvantages..

  • This is NOT a get-rich-quick means to making money. As a matter of fact, it takes quite a long time before you can generate your first dollar. That said, if you persevere, you could potentially be very handsomely rewarded.
  • If you do not find the right niche, it may take even longer to build the blog to a point where it can make you some money.
  • It takes a lot of hard work to generate the content, to market it, to find affiliate/advertisers etc. Blogging takes a lot of work and is definitely not an easy job. Some people really enjoy blogging, whereas some do not. I LOVE it.

 

Blogging is one of the money-making ideas that carries some great benefits and demands some serious commitment. If you are serious about making money online, and want to do it with little or no investment, and take it at your own pace, this may be the way to go.

Why do you blog?

What to do if you want to start your own blog

The cost of starting a blog can range from $0 to upwards of $1000 depending on you decide to start your blog. If you choose to host your blog on a free platform and use the URL they provide for free (for ex: someblog.blogspot.com, someblog.wordpress.com etc.), and you write all your own content, then it won’t cost you a dime.

What to do if you want to start your own blogThere are disadvantages to starting the free way, but it is a good way to start if you are not sure if you want to blog to begin with.

On the other hand, if you choose to get a custom website with custom graphics, have your content written by someone else and pay for expensive ad campaigns, you can easily end up spending several thousands of dollars.

This will be more expensive of course, but if you know that you want to blog, it is the best way to start.

Since the focus here is on making money and not spending tons of money, we recommend:

  • Getting your own domain name. The going rate for a domain name through sites like 1and1  is usually less than $10 per year. So there really is no compelling reason to start with the free version now and then go through the pain of transitioning to the paid version later.
  • Going with paid hosting. Hosting fees are fairly low too. A company like Bluehost charges you anywhere from $4/month to $10/month depending on what specials they are currently running. The reason I suggest this is, if you go with free hosting, you are tied to their blogging platform. If you make it big, you will eventually want to switch to a more flexible, better supported platform like Wordpress. You might as well start out with Wordpress and your own hosting. Michelle at Making Sense of Cents even has a great article that shows you the exact steps for easily starting a WordPress blog on Bluehost.
  • Sticking with the free template. There are a ton of them available out there and they look quite decent. If your site makes it big, you can switch to a custom site design and logo quite easily later, when you can afford to spend on it. Besides, even if you did pay for all this now, depending on the direction your blog success takes you may be very tempted to remodel in the future, anyway.

 

Many people start with free Blogger or free WordPress and later end of regretting that choice and changing. However, some are happy that they did that. It all depends on you and what you want to do!

How much money have you spent on your blog?

 

Should you blog for money?

Blogging is a lot of fun. There are tons of positives of blogging, and you should start one today! When it comes to online money-making ideas you have to ask yourself what actually has the potential to make money, and what is a big fat waste of time.

Many people start blogs for many different reasons. Not everyone wants to make money with a blog, so you should determine that for yourself as well.

 

Related posts: 

Building your Reputation as a Freelancer

Finding Private Health Insurance When You’re Self-Employed

Freelancing Options

Advantages of Becoming a Virtual Assistant

 

How do you make money with a blog?

You can make money with a blog pretty much the same way as any other broadcast medium makes money. Let’s consider the analogy of a television show. First, the studio produces a show. The equivalent in the blogging world is that you create great content that generates a lot of “viewers”. Next, the television studio will try to increase the number of viewers, and as a blogger, you would try to increase the traffic to your site.

Finally, when the show is broadcast, either it is aired with ads, or it is made a premium paid show. You could do the same with your blog, ie, display ads or encourage people to sign up for paid ‘premium’ content. You might have advertising or advertising or affiliate links on your blog. Maybe even something else as well on your blog.

As a blogger, you do not need to spend a truck load of money to create your content, and you have many more options to earn income from the blog such as inserting links to websites in your blog, or selling stuff for commission. Stay tuned, and we will bring you all the intimate details of how to create the killer content, how to generate a ton of traffic, and most importantly, how to make money from your blog.

 

What Does it Take To Be a Blogger?

Well, first of all, you need to create a blog. This means that you have to find a niche that works (preferably one that you’re passionate about), build a website around it, and create content that people will want to read and subscribe to read again.

Then there is the business end of it, where you find the best methods to monetize your blog, and implement it. Blogging is actually pretty fun, and can be as entertaining, intelligent, witty, interesting, odd, unique, or all out funny as you want it to be. You can write about anything you love and make money doing it.

Do you have a blog? Is your goal to make money with it?

Work Less and Earn More

Some of you may be baffled by this title, but it’s definitely not a typo. It is absolutely possible to work less and earn more. Let me give you a hint though, this probably won’t work too well if you try these methods at your full time job.

If you suddenly only show up to work for a half a day on Monday and then don’t show up for the rest of the week, chances are that your boss is going to can you, no matter how much work you did in those four hours.

 

Own Your Own Business

Since you really can’t work less and earn more at your full time job, then where can you do it? You guessed it, you’re going to have to work for yourself to make this happen. But, don’t zone out on me yet. There’s more to it than just that.

Some business owners decide that they don’t want to employ people because it would be a waste of money. Instead, they spend 14 or 15 hours in their store every day to save the money of having an employee. At first glance it makes sense. After all, if you had to hire an employee to work eight hours a day for 20 days out of the month, then you’re going to have to shell out $1,600 when you could have (in theory) gotten that work done yourself.

There is one factor missing from this way of thinking though. There is an opportunity cost to working all of those hours yourself. Think about it. If you didn’t work every single hour on your business, you could brainstorm more, improve the operations of the business, and maybe even start another business with your time! This method could be repeated over and over and suddenly you’re the owner of 10 profitable businesses and not just one.

By developing a system for your business that anyone can learn, you’re able to take yourself out of the equation and earn money while you’re away! This is the ultimate goal of your business and after some time, you’ll be able to work less and actually earn more!

 

Related posts: 

Building your Reputation as a Freelancer

Finding Private Health Insurance When You’re Self-Employed

Work From Home Opportunities

Freelancing Options

Advantages of Becoming a Virtual Assistant

 

Take the Low-Risk Approach

I’m fairly risk-averse and would never recommend that someone should quit their job to pursue a business. I do like to see people start their own business though. They can get it going by working evenings and on the weekends. If the business continues to grow and has profits that are even greater than your full time job, then maybe it’s time to throw in the towel for the 8-5 job and take your business to the next level.

Of course this option is still risky since you gave up your full-time salary, but by taking the approach of working extra hours in the evenings and weekends, you now have a feel for your business and know whether or not there’s a market for what you’re selling. This is the ultimate low-risk approach, but can have a tremendous upside! And, with a well-defined system, it could lead you to work less and earn more than you ever thought possible!

 

 What about you?

 

Start Your Own Business for Less Than $500

If your friend announces that they’re going to start their own business, what is your immediate thought? If you’re like most, you probably imagine them opening up shop in a building downtown and selling something to customers that walk in the front door.

This is certainly one way to start a business, but in today’s world I certainly wouldn’t recommend it. The building itself would cost $200k or more, and then you would most likely have to buy a bunch of inventory to stock the shelves, and then you would have to hire someone to sell it! It’s an expensive way to do business and it fails more often than it succeeds.

Since the internet has come along, starting a traditional “brick and mortar” store is most often for broke thinkers. It costs way too much to start and the potential for profits is extremely slim.  Self-employment and working online is possible as well.

 

Two Factors For Your Business

If you’re thinking about starting your own business, you must at the very least take into consideration to factors: (1) how much are the start-up costs, and (2) what are the potential earnings?

If you open up a baseball card shop downtown, the initial costs will be astronomical and even if you sold thousands of baseball cards each month, what are the odds that you’ll earn enough profits to stick around for the next 20 years? The odds are incredibly slim. This model has high start-up costs and low earnings potential.

Now, what if you took that same baseball card store idea and decided to make a virtual store instead? The initial cost of your website would be $100 or so and the potential sales wouldn’t just be to one neighborhood, but to the entire world! Your earnings potential is now through the roof!

 

Related posts: 

Building your Reputation as a Freelancer

Finding Private Health Insurance When You’re Self-Employed

Work From Home Opportunities

Freelancing Options

Advantages of Becoming a Virtual Assistant

 

Start-Ups for $500 or Less

So what businesses can you possibly start for less than $500? I can think of quite a few actually. Pretty much any business online will cost you almost nothing, but in case you’re interested in doing something that doesn’t force you to use your laptop, here are some other ideas:

1)      Lawn Care – All you need is a lawn mower and a weed whacker and you’re in business! If you already own them (which many of us do), then your start-up cost is practically nothing.

2)      Spring Clean-Up – Nobody like to pick up rotten leaves and sticks. You could make a business of this and clean-up! All you really need is a wheelbarrow and a pair of working gloves. Now that’s a cheap start-up.

3)      Detailing Cars – People very rarely clean their cars inside and out and would much rather pay someone else to do it for them. You’ll have to buy a few supplies, but in total, this really shouldn’t cost you more than $100.

4)      Vendor – If you have a lot of parades and events in your area, you might want to try your hand at being a vendor. The cart could get a little pricey, but with a deal, I bet you could keep it under $500.

5)      Build Cabinets – All you need is some lumber and a few tools. If people like your work, this business could really turn into something!

6)      Mechanic – If you know how to repair cars today, you could be in pretty high demand. If you already have the tools, then this start-up will cost you absolutely nothing and it has a tremendous upside!

 

Are you thinking about starting your own business?

 

Want to Provide More Engaging Content on Your Blog? Hone those Teaching Skills

Great bloggers are those who are able to provide informative and engaging content that keeps us coming back again and again. They teach us new things and give us the tools needed to seek out more information on our own or to form our own opinions. In short, the best bloggers are also the best teachers.

Think about it.

When you write a post discussing loans and telling your users how to divide their monthly payments to avoid overpaying on interest, you are teaching them how to do so. You are actively helping them solve a problem through proper education. A teacher in a classroom would do the same thing. He or she would give the class the equations needed to solve a math problem, or the right procedures to correctly complete a chemistry experiment.

When you host a webinar showing your audience how to correctly knit a scarf, you are being a teacher. Even when you take a stance on a specific issue, you are teaching. You are showing your audience that there is another side and perspective attached to each story.

If you consider yourself a teacher every time you sit down to blog, you may find yourself being able to more quickly connect with your readers. You will be more inclined to write engaging content as it will prompt them to think for themselves or to try something new to better their lives. You will be more inspired, and actually feel as though your blogging is rewarding – like you are releasing something good into the world, not just another half-baked article to just stick to a schedule.

So how do you go about honing your teaching skills? It’s much easier than you think,and many of these things you may be already doing. You don’t have to invest in a degree in education, you simply have to do some introspection – and maybe some reading.

Overcome Fear

As soon as I stated, “you are a teacher,” many readers were probably put into a panic. Not everyone is a teacher and that is okay. Some of us are born with a knack for it and others aren’t. However, remaining fearful of being a teacher will only hurt your writing. Simply accept the fact and then move on. You’ve been educating for awhile, now you are simply accepting that fact.

Create a Safe and Inviting Environment

Money Making Ideas: Engaging Blog ContentCreating a safe environment simply means creating a level of comfort for your target audience. You want them to be able to come to your site and find all the information needed to better understand your specific topic in a relaxed, unhindered setting. Write articles that inspire action instead of guilt. Make sure your tone is not condescending or accusatory. Set some blogging ground rules for yourself, and stick with them. Post book reviews that may be helpful, include webinars you created or videos you found on YouTube that you liked, anything that may be useful to a reader.

Treat Every Question with Respect

If you are writing content that helps people, whether it be personal finance or plumbing, take every question into consideration – even those you may seem as dumb. Remember, your goal is to create a safe place for learning. If you start treating your readers like they are idiots, they will abandon you in a heart beat. Remember that horrid teacher who made awful retorts every time someone raised their hand? Yeah, you don’t want to be that person.

When someone posts a question that has an obvious answer or one that seems irrelevant, don’t scoff. Find a new and interesting way to both answer their question and further engage your other readers. Not only will it give you ideas for further content, but it will help establish a stronger community amongst your readership.

Be Real with Yourself

One of the most enticing aspects about a blog is that you get to be you. What you discuss are your opinions, stances, and what is of interest to you. Don’t ever lose sight of that, or your readership will dwindle quickly. Do you remember your favorite teacher in high school or college? They probably were your favorite and stood out because they had a personality and different perspective than your other teachers. Your readers will like you for the same reasons.

Treat Blogging as Your Own Learning Experience

When you choose a specific blog topic, you are often looked to as an authority on the topic. However, even teachers have to expand their knowledge and learn a few new things from time to time, and they often get their students involved when doing so. Treat your blog in the same fashion. Find new topics or new tools, blog about them, and invite others to take the journey through the learning process with you. Your readers will feel as though they are more connected to you, and that heightened level of engagement will keep them loyal to your blog.

Your blog is your classroom. That may sound a little eerie but it will make you actually feel responsible for the content in which you post. By keeping that in mind, you will be able to create more thought-provoking and engaging content that will keep your readers returning. They will be eager to hear what you have to say, and wonder what journey you will take them on today.

About the Author: This is a post by Jessica Wagner, who recently moved to San Diego.

6 Questions To Determine What You Should Blog About (And Make Tons of Money From It)

It’s no secret that blogging, when done correctly can be a very lucrative past time. In fact, many people now work full time in the comfort of their own home, with their blog as their main source of income.

New “Bloggers” often have some very important questions about where to start, but the one that comes up the most regularly is about niche selection. What subjects are the best to build a blog around, and more importantly which will make you the most money?

There are several schools of thought in relation to niche selection, and here are some of the best tips for “Bloggers” looking for their piece of the pie.

How Popular Is Your Topic?

There are two things you cannot do without if you are to run a successful blog. Content and readers, and you need plenty of both!

You need to choose a subject where there is plenty of commercial interest. Blogs about making money, dating, and weight loss will always be more popular than blogs about plastic bottle tops, and famous historical figures that played musical instruments.

Now whilst there is a mass of interest in the dating niche for example, there is also a ton of competition. Try narrowing your focus slightly and pick a sub-topic of dating. For example, dating for the over 40’s. You will still have plenty of interest in your subject, but there is much less competition.

You also need to make sure your sub-topic will provide you with enough content to maintain the blog long term. To keep a blog fresh you need to update it with lots of new and engaging content, which would be very hard with a plastic bottle top blog!

Is It An Evolving Niche?

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10 Linkbuilding Strategies to Get Some Momentum Started

Once you’ve found a potentially profitable niche, identified your keywords, and come up with quality content, you need to generate traffic. Wait, you say–isn’t that what all that agonizing over niches and keywords was for? Well, yes, but you need a little more to get your site to the top of Google. The hard truth is, only the first page matters. With every results page a potential customer needs to skim to get to your site, the less likely they’ll ever see your brilliant money making ideas. To move you up, the search engine spiders need to see that your site is worthwhile enough to garner consistent attention.

What you need, specifically, are backlinks–a link to your site from another. These are important to Google’s PageRank system, as they’re considered votes of confidence. If quality sites are backlinking to yours, your site must be quality as well. Remember, Google didn’t get to be today’s preeminent search engine by throwing out random, useless results to its users.

How can you acquire good backlinks (also known as inbound links)? There are dozens, if not hundreds, of methods out there, some reputable, some dicey, and some foolhardy. However, you’ll find that certain strategies are suggested repeatedly. Here’s a list of the ten most popular, along with a couple which you should avoid at all costs.

#1 Feature Good, Solid Content (aka Linkbaiting)

This is the way that Google prefers that you acquire inbound links. The idea is that, if you provide valuable information, presented in a unique and even entertaining format, webmasters of related sites will want to link to you. So keep providing excellent service; it will happen. In the meantime…

#2 Try Article Marketing

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Five Basic Mistakes Most People Make While Picking Keywords (and End Up Crippling Their Income Significantly)

So you’ve picked out your niche based on fantastic money making ideas. You’re sure it will attract swarms of traffic and catapult you to the top of Google in no time. All you need to do is throw in some content, put up some ads and wait for the cash to roll in, right?

Well, not quite. How are people going to find this terrific site of yours?

They just type in Google what they’re looking for and my site will pop up, right?

Not quite.

The thing is, you can’t take the risk that someone searching for something in your niche will find your site, informative as it is, “magically”. You need to pave the way for this to happen by making sure you have used the right keywords to attract the right kind of traffic. Keywords (or keyword phrases) are the terms people type into Google and other search engines when they need information. How can you be sure that your content contains the right ones?  The key is to do a little bit of keyword research before your build your site.

Here are some of the mistakes most people make when they build a website. Avoid them, and you will increase your earning potential significantly.

Mistake #1: Building a site around a keyword or phrase that you think is “obvious” or “great”

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A Few Things You Need to Know About PayPal

If you use any of the money making ideas that require online transactions e.g., eBay selling, freelancing, blogging, etc., then you need to have a means to accept payment online. And you need to be able to do this in a secure and easy-to-use fashion. Before you run off to invent your secure payment system, stop. That wheel has already been invented. And it has become a household name for people who buy or sell online. Yes, we are talking about Paypal.

PayPal has taken international business money exchange by storm. If you’ve purchased anything online in the past few years, chances are that you were offered the option to pay for your purchase using your PayPal account. If you want to make money online, you should consider creating a PayPal account so you can offer your customers the option to buy your products or services without ever touching a check or credit card.

Here are a few things you should know about this online payment juggernaut –

Accounts

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