Out of 1.6 billion+ websites that you will find on the net, there are now more than 400 million blogs. On a single day, there are hundreds of blogs being created by the hour. But why is there so much competition in this space? Is it because of its profitability? Is blogging profitable in 2021?
Considering the small amount of money you need to start up a blog, it is definitely a profitable venture. Although it won’t be easy at the start, like everything else in life, it does come at a cost. If you are hoping to start a blog sometime soon, then this post is definitely the right one for you.
How to Make Blogging Profitable
Unlike most online businesses that are also profitable, starting a blog is definitely the cheapest. You do not require a large amount of capital to get started.
There are only two things you will need when trying to start a blog, they are; Hosting and your domain name. For your website or blog to be always available when it is searched, you would need to purchase a small space on the internet. This is where you will be storing your content.
You need to select a domain name that is easy to relate to. It also needs to clearly tell your audience what your site or blog is about. The great part is; hosting is not that costly. You can get one from Bluehost or any other Hosting platform. It can be as low as $3 a month for very basic or around an average of $40 with security, keyword search tools, and training.
Domain names cost between $13 and $20 US yearly, you only pay once a year to renew your domain name.
So in all, the cost of starting a blog could be around $4 a month, isn’t that cheap?
Keep in mind that if you know nothing about website building and maintenance then you will be looking for training to go along with the hosting and domain costs. Only a few very good companies give you it all bundled together.
It is worth doing some research before you choose your hosting as you want to get the most value in a package. The best value I have found is here in my #1 recommendation. It is where I host my domain and the value is amazing. Just the technical support and security are worth the tiny price for peace of mind.
Once you buy your hosting, you would have to install WordPress on the host. But here is where Bluehost and Wealthy Affiliate makes your work easier for you. It comes with a pre-installed version of WordPress.
For those who are new to WordPress, it is a content management system that lets you create and publish your content easily. WordPress is the most important online tool you would need in your blogging journey.
How Can I Make it Profitable?
When considering the initial investment required for starting it up, blogging is one of the best online businesses to start. Aside from its low investment, unlike most online businesses, it is pretty easy to maintain.
You will only encounter only a few problems in blogging during its initial stages. It will require a lot of design and effort to make your first few dollars. This is major because you will most likely not get a tangible amount of traffic initially when people don’t know you or your website. This comes with time and promotion which is needed before you make sales.
Once you have your hosting platform and have bought a domain name you will need to start filling your blog with content. In the content, you will place affiliate links to products and services that you would recommend to your readers. When they click on your link and buy something you will receive a commission from that company. This is how people make money from a blog.
Promoting Your Content
For you to make a reasonable amount of money from blogging, you need to ask yourself if you would be able to do it for a long time? Most people go into blogging because they hope to make a lot of money from it quickly. This is why most of them end up quitting when they don’t see any progress immediately. But like any business, it will take at least 12 months of working consistently to see some results. You are building a financial future that can give you a passive income for many years to come.
If you do not have a personal interest or zeal in blogging, you will only be wasting your time and effort. The initial stages of blogging require a lot of persistence. If you do not have a passion for blogging, you won’t be able to withstand the storms.
Blogging might be very profitable in the long run, but starting it will require a lot of your time and effort. Here are a few characteristics you need to possess before you consider starting a blog.
Starting any business is not easy, and blogging isn’t any different. To become successful as a blogger, you must be ready to withstand the ups and downs that come within the initial stages of setting it up. You will have a huge learning curve.
Although it can be exciting to get started, the initial stages of blogging can be really tiring and depressing too. But if you are willing to work hard, and keep at it consistently you will see the results you desire.
This is the most important characteristic anyone just starting up a business should have, not for bloggers alone. It can take you a couple of months or weeks before you can start seeing traffic on your blog. Most times the traffic isn’t even tangible, but if you can exercise more patience, you will pull through.
Now that you know what you need to successfully start a blog, it is good you know what you’ll need to monetize your blog.
1. SEO and valuable content
The first step to monetizing your blog is through proper SEO and creating valuable content for your readers. If you don’t give out valuable content on your blog, people will stop visiting your blog and this will result in loss of traffic. You need to make your content more valuable and engaging to your readers.
While you are making your content more valuable and engaging, you need to take some steps to ensure your blog is more visible. The proper way to do this is by investing in good SEO.
2. Info products
Selling e-books, software, courses, and all manner of products will be very profitable when you have gathered a good number of followers on your blog. You can add affiliate links so that you earn a commission or even create your own product to sell directly to your visitors. Digital products are excellent as you can send them free and make 100% on your unique creation.
By creating a subscriber list from the traffic to your website you will have an ongoing way to show subscribers how you can help them with their problems. Setting up a free subscriber collector on your website is very easy.
If you’ve created some decent regular traffic on your blog, you will make money by showing ads on your website. You can get Google to place ads on your blog. Consequently, when people view these ads, you will be paid a certain commission for the number of people that have viewed the ad.
On the other hand, affiliation with different companies and businesses can be profitable for your blog. What you have to do is promote these businesses or products using pictures and links. If someone clicks through and makes a purchase, you’ll get a commission from it.
Aim to create a few different income streams so that if Google changes its rules you are not completely knocked out of the market.
Some streams you can aim for are:
- Products with affiliate links
- Viewers to ads on your website
- Create a digital product of your own.
Starting a blog can be very profitable for anyone. Apart from the money it brings to your pocket, there are also a number of things you can benefit from being a blogger.
A number of those other benefits are listed below:
- More knowledge and understanding of different concepts and ideas
- Improve your writing, vocabulary, and grammar
- You get the opportunity to share your views and opinions with a large audience
- Get more exposure and meet different people
- Have control of your income by helping others to solve their problems
Apart from these, there are lots of other benefits that you can get from being a blogger. You just need to find a good niche you are interested in and start writing great content.
Without a doubt, blogging is one of the best online businesses to start. But you will have to consider most things in this post before starting your blog. Do your research and start planning your future.
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