Editor’s note: This article was first published in November 2010, during the economic crisis. The blog income figures (over 10,000 euros a month for the top blogs, 500-1,500 euros as a reasonable average) are the author’s unsourced 2010 estimates, and the blogging market has changed a great deal since.
We’re in a crisis. Consumer spending is falling, everyone complains they have no money to spend, and those who do have it prefer to save. That’s a big disadvantage for many shops and companies, but a great advantage for people who decide to get into the internet business, currently one of the best ways to make money and, in many cases, to build a highly profitable business.
Make no mistake. Billions change hands online every day. Yes, you read that right: billions, with a “B”. So we need to grab our fishing rod and catch some of the fish swimming in this vast ocean.
Note: if the internet and online business aren’t your thing, we understand, and I invite you to look at other business ideas in our articles:
For everyone else, we need to understand that the need to reach a wider market makes the internet absolutely essential for companies, because if they weren’t online, they would practically not exist.
At the same time, desperate to find jobs, deals and information of every kind, users browse hundreds of pages a week. In between the two are websites and blogs. Starting a blog is simple and easy. The hard part is getting traffic to it.
That’s why we’ve prepared a tutorial, or a set of tips, so you know the essentials of the blogging world and the most basic fundamentals to get started.
You should know that there are blogs online earning more than €10,000 a month. Obviously they’re the minority; the vast majority are blogs that earn around €500–1,500. Let’s say that’s the reasonable average, although from now on the reasonable average will be over €2,000 a month, thanks to new advertising systems and new ways of monetizing a blog.
And the blog TechCrunch was sold for 40 million dollars, in case anyone doubts how profitable a blog can be.
I hope some of you already know me. I say this so you’ll know I’m not going to sell you anything I haven’t already bought myself. In this case, I’m talking about blogs because you can start without investing anything and you don’t need to sell anything, although an online store or any other new online business idea you come up with can also be very profitable.
Many of you already have your own blogs and can’t make them pay, so I understand if you doubt what I’m saying. Even so, we’ll try to show that even blogs that have been around for 10 years make several mistakes that sooner or later take their toll.
I have several internet projects, including blogs I created five years ago, which were very easy to make profitable because there wasn’t as much competition as there is today. That’s why I’ll use my latest blog as an example, the one where this article first appeared: it’s only six months old and already ranks well online, although it isn’t even at 15% of what I hope it will become. Still, it’s the blog I most enjoy writing for and sharing, because business and finance are my passion.
So I invite you to read the short tutorial, although rather than a tutorial it’s a set of basic tips for starting a blog with the aim of making money and making it profitable from the start. To read it, see How to make money with a blog: 9 tips.
Featured image: By Free-Photos from Pixabay, CC0 1.0, via Wikimedia Commons.
