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Posts Tagged ‘blog’

When To Spend Money On Your Site

With tools like WordPress and extremely cheap hosting, getting your site up and running really requires no money; however, when do you know it is time to spend more money?

The allure of starting something like a blog is enticing to most because they can make money without have to expense really any of their own. While you can relatively build and grow your site without have to spend to much extra, how do you know when and what to spend money on?

We need to first look at the essentials that we have to spend money on: Hosting and domain. These are annual payments and combined can cost you somewhere between $80-$100. Not bad especially when you consider of starting an actual brick-and-mortar store. Check out a bunch of cheap hosting companies that offer free domains with web hosting plans.

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3 Ways to Turn Blogging into Money

Ever since sites like JohnChow.com and Problogger.net have come out everybody is giving their best shot at trying to make money through blogging. While blogging alone is pretty straightforward, a lack of an actual sound business plan won’t necessarily result in money rolling in.

The idea behind passive income is that you setup a system, eventually it should run by itself (or very little maintenance), and experience some sort of income. Many people look at blogging as a source of passive income because you are constantly creating new pages trough articles and people can visit it 24/7.

While blogging is a way to derive a passive income, unless you add some sort of twist to it, it won’t bring in the big bucks you crave.

Why Most People Fail Turning Blogging into a Passive Income

Lack of solid business plan – It is as simple as that. Probably the most used advice I have come across is to blog about something you are interested in and eventually the money will come through. Sorry, but that is completely wrong and a utter waste of your time.

I love to workout. While my goal is to build muscle, if I just keep working out without any actual plan, odds are that I will either over work a part of the body or take 10x longer to get bigger than had I created a plan.

Ways to Turn Blogging into a Passive Income

  • Create a product/service
  • Create membership content
  • Create an affiliate blog

Create a product/service – While using fixed ads or other affiliate programs can definitely bring in some sort of revenue, a less risky and higher return of investment will come from any services or products you have created. Take a look at some of the popular blogs in your niche. You are more than likely going to see some ebook, training package, or other type of service/product that users must pay for.

Besides just making money from these products, if a user trusted you enough to buy your product, then they will probably all become more dedicated to your blog.

Create membership content - Slightly harder than creating a product/service because with a membership program you are required to constantly update content. A good way around this is to perhaps make some of your blog articles only available to members or create some type of premium message board.

Create an affiliate blog - Most people think about blogs as personal thoughts. For example, what you may think of the stock market, why a particular television show was terrible, and so on. While this is not always a bad thing today, unless you have massive traffic, it may not lead to the best income.

An affiliate blog allows you to review certain items and then have some type of affiliate links sprinkled somewhere around. A good example here would be a golf club blog. Each blog posting should be a review of a certain club or even a “how to.” Obviously if your reviews are enticing and even gain some good search traffic, then you should be able to capture the money of these users. With the use of cleverly placed affiliate links, you can act like the products you are selling are from your site.

Bottom Line: Before you go throwing a blog up and hoping to make some passive income, remember that a sound plan needs to be setup before anything can really become passive. Unless you are getting million of page views a day, blogging alone won’t get the passive income your desire.

3 Reasons to Add Blog to Site

Whether you are selling one product or multiple, probably the best thing you can do for yourself is adding a blog to your e-commerce site.

Why it would benefit you:

  • Personal connection
  • Help Google ranking
  • Become an authority

Personal Connection

Unlike typical e-commerce sites, adding a blog allows for business to client interaction and gives customers a better chance of trusting the source.

Help Google Ranking

With many people “beating the system” or finding ways to cheat the Google system, things have changed. Adding a blog allows for owners to get better search results for many different keywords

Become an Authority

Content is king. One way to utilize a blog is by adding informative articles related to your business. The more people can learn from you; the better chance they look at you like an authority in the field and they will be more inclined to purchase your products.

Bottom Line: In the new era of Web 2.0, adding a blog not only allows you to develop a better relationship with your customers, but it can also drastically increase the profits. At the end of the day that is what we want, right?