Thursday, 19 April 2012

Make Money Blogging – Can I Do It?

Whether you can make money from your blog or not is a common question faced by many bloggers. Every blog can generate some income but whether you are able to rely on your blog to generate enough income to leave your job or not is the question to consider.
The Internet is full of make money online blog posts. In fact we have published a few on this blog too. Some of the make money blogging posts may even give the impression that online success can be achieved overnight.  However, the reality is quite different. Even those who have started from scratch and established successful profitable blogs advice on not quitting your job to work online full time, at least not to start with.

Do Blogs Really Make Money?

There are many professional bloggers who earn a full time living from blogging. The blogosphere is full of success stories of blogs that generate significant income online. Some have sold their blogs to larger businesses for a hefty profit while others have continued to maintain and grow the blog themselves. Take a look at some of the case studies below:

Key Million Dollar Blog Sales

Following are some million dollar blog Sales that have made the news recently:
Johns Wu, a 22 year old entrepreneur from California, USA created blogging history when he sold his blog for $15 Million. He had worked on it for two years.
Make Money Blogging - 15 Million
Treehugger.com an environmental blog started in 2004 by Graham Hill was sold for $10 Million.
Make Money Blogging - 10 Million
TechCrunch.com, a blog that concentrates on technology companies and news, was sold for $30 Million.
Make Money Online - Techcrunch 30 Million
Consumer Search blog was started by Derek Drew and Carl Hamaan in 1999 offering reviews of consumer products was bought by About.com (owned by the NY Times) for $33 Million.
Make Money Blogging

High Earning Blogs

Above are simply some of the many blogs that were created and sold by individual bloggers for staggering amounts. Now let’s take a look at some example of day to day earning potential of some of the established blogs.
  • Top blogging network, Weblogs, Inc. is believed to earn about $30 million a month revenue from 13 million unique visitors.
  • The Huffington Post has an average Monthly Earnings $2,330,000
  • Mashable, the technology blog by Pete Cashmore has an average Monthly earning of $560,000
These are just some examples. There are many more. But I think you get the picture.

Can I Make Decent Money full time from Blogs

Can you make a hundred thousand every month or more from blogging? The answer to this question most certainly is yes. Will it happen overnight? The answer is no of course. In spite of the income potential offered by blogs, there are many issues to consider before your earning is close to the figures given above or for that matter before you can even consider blogging as a full-time profession.
There is no doubt, there is a huge potential for generating income from your website or blog. And this article is in no way intended to discourage you from blogging. However, it is important to understand that establishing a successful blog requires time, effort and dedication.
If you are not making money from your blog, there are a number of steps you can take to improve your earnings.  There are many Entrepreneurship blogs you can follow that have been set up by entrepreneurs specifically to help you in your goal. However, some of the make money blogging posts may even give the impression that online success can be achieved overnight. However, those who have started from scratch and have established profitable blogs have done so with many years of hard work and long working days with little to no reward. It is only after you put in significant time and effort into build your credibility and reputation online, will you start to make a high enough income to consider leaving your job and becoming a full-time professional blogger.
While you can certainly make money online, which is bound to happen eventually if you don’t give up, it will take time before you succeed in blogging and generate a steady income stream you can rely on.
It took me two years of part-time blogging before I could generate enough revenue before I could contemplate leaving my day job and become a full-time blogger.
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