Making money from your blog is very possible, and there are tons of people out there who are making everything between an extra few quid here and there, to a generous full-time income.
I’ve been blogging in one form or another almost since the internet first began, and I’ve done everything from writing purely for the love of it, to exploring blogging as a serious career. I’ve learned so much on my journey, and I love sharing it with you to help you to get closer to smashing those financial goals.
Here are the things that you really need to know when it comes to making money from your blog…
Get started with monetisation today
Lots of people start a blog and they tell themselves that at some point in the future, they’ll start to look into ways that they can make some money out of it. It’s understandable that you want to take things slow and learn the ropes before you bite off more than you can chew. This approach though is often counterproductive.
What’s really important to keep in mind here is that making money from your blog is a process that takes time, and there’s a learning curve involved. For this reason, I think it’s a great idea to get started as soon as possible. You can learn as you go, and you’re likely to see results much quicker. Whether you want to start a money blog or you want to write about a totally different subject, getting started today might just be one of the best things you’ve ever done.
Reach out and form connections with other bloggers
Other bloggers are not your competitors. Once you really understand this, you’re going to put yourself in a position to really thrive when it comes to making money from your blog. You can learn from other bloggers, you can collaborate with them, and just as importantly, you can form friendships with people who will cheer you on, offer you advice when you’re stuck, and keep you on the right track.
Look for bloggers in your niche and actively reach out to them and strike up conversations. That could be in Facebook Groups, on Instagram, or in the comments section on blogs. You never know where a relationship might lead, and it takes much of the loneliness out of the game of blogging.
Don’t be scared to experiment and get stuck in
Absolutely no one at all starts off with one monetisation strategy and overnight discovers that everything has fallen into place. What works really well for someone else isn’t necessarily going to work for you, so you need to be prepared to try lots of things, and hone your approach from there.
You might find that affiliate marketing really works for your audience. You might decide that you want to pursue working with brands on sponsored content. If you’re a real expert in your field and you’ve got a ton of value to share, then you might decide that you want to create your own digital product, like an ebook or an online course. In reality, your ideal monetisation strategy is probably going to involve a mix of several different approaches.
Know that you need to invest in your blog
Here at Fair & Frugal, we talk a lot about saving money, and making your cash go further. So you know that I’m definitely not going to encourage you to spend on things that simply aren’t necessary. But whilst blogging requires a relatively very low investment to get started with, it’s worth noting that there are some investments that you might want to consider that can ultimately help you with making money from your blog in a faster timeframe.
Some examples here include paying for your own domain name, and hosting. These things will set you back by as little as around £20 for the year, and they will help you to portray a professional image as a blogger.
Set meaningful goals so you can track your progress
There are quite a few myths in the world of blogging that may well be holding you back. Some people think that blogging is the ticket to overnight riches, and by now you probably know that this simply isn’t true. It takes a lot of work and dedication. Equally though, some people think that making money from your blog is impossible. That’s not true either.
Be realistic, and set goals for your blogging income. I like to slowly increase my income goals by around £100 each month, and I’ve found this to be a fantastic benchmark that keeps me focused and ensures that I’m working on the right things.
So there we have it. If you want to find out more about monetisation strategies that could work for you, check out this guide to how bloggers make money in 2018.