With blogging comes awesome perks like being your own boss and working from home. But is there any real money in blogging? And, can you still make money blogging in 2020?
When I started blogging I was skeptical, to say the least. I mean, who pays bloggers? And what do you write about in order to get paid? To me, a blog was something you did as a hobby - not as a career.
While it's true there are plenty of personal blogs out there, there are also bloggers making insane amounts of money.
I was curious and went all-in as a full-time blogger. After a rough first year (didn't make a dime!) I managed to build a six-figure blogging business from scratch.
Perks of becoming a blogger
Because of blogging, I've been able to do some pretty amazing things:
How much do bloggers really make?
How much money you make blogging depends entirely on a few different factors:
Here's what these bloggers are making per month:
What we can learn from this mix of bloggers:
Why blogging isn't dead in 2020
Many people believe blogging is dead. What with YouTube, podcasts, and social media all the rage.
But blogging is not dead. Far from it. There has never been a better time to start a blog than right now.
Why? It all comes down to trust.
In the end, what is a blog anyway? It's a place to find useful content from a source you trust.
That's where the money comes in.
Being a blogger allows you to build a loyal tribe of followers who trust you. They will eat up your content - and ultimately buy from you.
It is easier to make money when you have your own home on the web, rather than just a social media profile.
I'm not against any other platform, I'm just saying it helps to have a website with content too.
Your blog can act as your central hub where you direct people who see you on YouTube, listen to you on iTunes or follow you on Instagram.
This is why blogging is not going anywhere.
How much money can a new blog make?
There's no limit to the amount of money you can make as a blogger. However, don't think it's a get-rich-quick scheme either.
It takes a while to make money blogging. It takes even longer to earn enough to make a living out of it.
But what I love about blogging is that hard work pays off. The amount of money you earn is a direct relation to the amount of work you put in.
If you do the right things (in the right order), you will make money blogging.
Here is an estimate on how much money a new blog can make:
How to accelerate your earning potential
You can blog for years and years and never make any money. To make money blogging, you need to know the following:
That is a lot, especially when you're a new blogger. Nobody knows how to do everything, at least at first.
What separates the pro bloggers from the hobby bloggers is a willingness to invest in their knowledge.
It wasn't until I learned how to build a content marketing business that I begin to make money. It was a mindset shift that changed everything.
I created several blogging courses to help new bloggers navigate the process. You can check out my own courses here.
How blogs make money in 2020
Blogging itself doesn't pay you a thing.
What you are actually building is a business.
Your blog is just the mechanism you use to get traffic to your business.
Bloggers make money from different methods:
How blogs can get traffic
When I started blogging, I wrote A TON of blog posts and got ZERO traffic.
I made several mistakes:
As a result, my first year of blogging was a total bust.
Things started to change when I implemented the following changes:
Pinterest was the game-changer for me.
See, Pinterest isn't actually a social network. It is in fact a search engine - just like Google. It's where people go to be inspired and learn how to do new things.
Pinterest for bloggers is a match made in heaven. Imagine, a huge site whose only goal is to send you traffic!
Once I started using Pinterest to promote my blog, my blog traffic exploded.
It wasn't until I started using Tailwind that I began to see a huge spike in traffic. With Tailwind you can pin on a schedule so you can pin consistently and at peak hours.
Why you need an email list
It's difficult to make money directly selling in a blog post. After all, a reader doesn't yet know who you are. What you need to do is build trust. And trust takes time to build.
In comes the email list.
With an email list, you can grow your base of followers and have a direct line of communication with them.
I use ConvertKit and DSF readers can unlock email-sending capability to 1,000 free subscribers by using this link.
Here's a sample breakdown of what a blogger can earn by sending one email to your list.
Now imagine if your list was twice as big. Imagine if you improved your open rate to 40%. Imagine you increase your click rate to 15%. Imagine what would happen if your conversion rate was twice as good.
And what if you develop a second product, and a third, and a fourth.
Catching my drift? We're talking serious money here!
How to become a successful blogger in 2020
If you're serious about not only starting a. blog, but creating a real business that makes money, I recommend you look at my blogging courses page here.
If you learned something from this article or if it has inspired you to make money blogging, I'd love it if you saved it on Pinterest!