Understand the difference between total revenue and net income. Most income reports tout total revenue. Net income or profit (what really matters) is often buried in the post. I came across an income report recently with a super impressive number in the title (and Pinterest image). It was total revenue. Not until I read the whole post did I learn this blogger spent well over half their total revenue on Facebook Ads alone. On top of that, they had an extensive list of expenses. By the end of the post I realized I had netted more than they did the previous month.
However, aside from that, you can always opt to generate small amounts of cash flow by doing other things such as creating articles that will lead people to courses or audiobooks that you've developed, or building out video tutorials that will ultimately sell some big package or system that will help to teach people whatever it is that you're really good it.
Hi Yaro, Love your posts as usual. and always look forward to getting your ideas on the way things a traveling. Yours is the first name I think of to pass on to fellow/beginner bloggers. Yes I had to read your blog 3 times and then mulled over it for a couple of days. I know that technology is moving faster that I can learn, but I still love the idea of blogging and creating the Lap top Life Style. And Keeping up with the world of business and its changes. I have been in business since I was 20 years of age and have always supported my/our selves. I do see the internet as the way business is going, but in saying that customers still love the hands on of touch and feel and try on. And of course the big one Customer Service.
Yup. I have thought about this long and hard, especially since I have started to see a profit from this blog in such a short time. It’s because people don’t understand what it takes to start a profitable blog, because the internet world is filled with “8 minutes to a profitable blog” tutorials. (Unlike this free tutorial, which assures you it will take a decent amount of effort and walks you through the steps.)
Ruth Soukup is a writer, blogger, mom of two, and the successful founder of the blog LivingWellSpendingLess.com. Since launching in 2010, Living Well Spending Less has become one of the most popular personal finance blogs on the net, receiving more than one million visitors per month. She is also the founder of the Elite Blog Academy, as well as the author of the bestselling blogging guide How to Blog for Profit (Without Selling Your Soul), and her next book, Living Well, Spending Less: 12 Secrets of the Good Life (Zondervan) will be released December 30th, 2014. For more information about Ruth, please visit LivingWellSpendingLess.com.
Create a location-independent lifestyle – Blogs are great for working while traveling and producing an income no matter where you might be living. In a recent article that I wrote for Forbes, I talked about how Nomadic Matt, one of the most popular travel bloggers, started his blog so that he could enjoy traveling the world and not be tied to a 9-to-5 desk job.
“No blogging for profit book has made the difference to me and my blog like this one. If you only read ONE of these subject books – LET IT BE THIS BOOK!!! After finishing the book, my blog is totally getting revamped, I have the excitement for it again, and now my whole direction has changed to not only help me become more profitable, but also for me to get back to ENJOYING what I do, which is really the best part!” -Danielle @ Busy Moms Helper
Working with advertising networks isn’t your only option when it comes to selling ads. If you end up with enough traffic, advertisers may come directly to you and ask you to place their ad on your site. You can also contact advertisers yourself. The biggest difference from the above mentioned option is that there is no middle man, which means you can set your own ad rates.