Maybe you have been blogging for a long time, and wonder if there is a way to turn your hobby into a source of income. Or perhaps you’re looking to earn extra cash working from home. Regardless of your motivation, it is possible to earn money through blogging. Blogging probably won’t be a cash cow for you, but here are some tips to maximize your chances of earning income from your blog. So hopefully you won’t have to sell your grandma’s jewelry for cash.
First, consider your competition. One study counted more than 180 million blogs in America. The vast majority of these bloggers are not becoming wealthy in the process. Chances are, you are not the first to blog about your chosen topic. You will need to work to create quality content and promote your blog to readers and advertisers if you want to stand out among the competition.
Don’t expect to earn money from your blog overnight. If you are between jobs or having financial trouble, don’t put all of your energy into blogging. Instead, search for jobs that can provide more immediate and stable income while you develop your blog platform. Freelancing can be a great way to get a quick influx of cash so that you can pay your bills. Sites such as eLance and oDesk are good places to start looking for work. Even Fiverr can be a good place because it is quick and easy to sign up for and start earning money.
Look for ways to build traffic to your blog. Follow blogs with similar themes and topics, and comment regularly on other posts. Try finding a popular blog that accepts guest posts, and write an article there. Or, invite a popular blog author to write a guest piece on your site. Either way, having a link to your blog from a high-traffic site will help increase your readership.
Make sure you are posting regular, quality content on your blog. Choose a topic that you know well, and write about things that will provide value to your readers. You want your readers to follow your blog and visit it regularly, which they will be less likely to do if your postings are sporadic or filled with errors.
Most bloggers who earn money are doing so by selling advertising space on their blog through ad networks. There are a variety of companies to work with for this, the most popular being Google AdSense and Amazon Associates. It is fairly easy to set up advertising on your site, but you will need readers to start earning money. Most ads pay bloggers at a set cost per thousand readers. Today, the rate is usually $2 to $3 per ad per thousand views.
If you have very high readership on your blog, you may do well by selling advertising space. Remember, however, that there are also costs. You will have to pay a commission on the ads, as well as fees for internet hosting, and taxes on any income you earn.
Finally, remember that blogging can be challenging. Even though you will have the freedom to set your own hours and work from home, maintaining your blog will be time-consuming. You will also need to consider the time you will spend reading other blogs, commenting, and asserting your presence within the blogging community. If you are committed to creating a top-quality blog, you may start to see results.