Starting and monetizing a blog has become a lot easier lately.
A couple of decades ago in the era of the dot com and the birth of the world wide web, creating a website would’ve cost you thousands if not tens of thousands of dollars to set up and maintain. Monetizing a website was just as difficult. PayPal was in the beginning stage, Stripe didn’t exist and email marketing was not as flexible as it is now.
Today however you can start, maintain, and monetize a blog on WordPress with just a few hundred dollars depending on the needs of the business.
ConvertKit’s 2017 state of blogging report, experience bloggers reported an average profit of $138,064 the past year, while amateur bloggers (who made up 86% of those surveyed) made only $9,497.
Disappointing since most bloggers start a blog so they can be their own boss and quit their dull 8-to-5 job.
So how does a less experienced blogger go from one of the bottom to one of the top hitting six figures?
Well, this includes:
- solid marketing plan
- this includes content
- a profitable niche
- a great monetization strategy
- quick math
Two important information for monetizing:
- Get steady traffic: You may not need tens of thousands of visitors but at least a thousand visitors a month means you’re on the right track.
- Grow your email list: Don’t have to aim for anything crazy here.
The monetizing of the blog efficiently is all about the numbers.
For example, if you need to make $6,000 from your blog:
- You can sell a $200 product to 30 people.
- Or sell a $600 course to 10 people.
- And even by charging $6,000 for consulting with a client.
Monetization is math, not magic.
This doesn’t mean that the key to monetization is simply increasing the prices of what you sell. Rather it means that you should choose a monetization strategy that aligns with where your blog is right now or where you want it to be in the future.
Here are some solid strategies from kinsta.com that teaches bloggers how to generate revenue from theirown blogs in diverse niches.
