I am lucky enough to have a full time job with a competitive salary. While I have no intention of quitting my job (yet), I am consistently working towards setting myself up financially. I have several income producing hobbies in the works currently; however, I wanted to go into detail on one obvious side hustle of mine… starting a blog!
This post may contain affiliate links, which means we may receive a commission, at no extra cost to you, if you click a link and purchase something that has been recommended. I only recommend products I personally use and genuinely recommend.
STARTING A BLOG TO EARN ADDITIONAL INCOME
I’ve seen blog income reports ranging from $0 to $100k per month. It really all hinges on how much you, as a blogger, are willing to put into it. Let me walk you through a few key steps to how I have been able to monetize my blog in just 5 months. **disclaimer: the bloggers making $100k per month are pretty famous and out of the ordinary. But hey, shoot for the stars!
1. SETTING UP YOUR BLOG
The cost to start a blog is very low compared to how quickly you will see a return. Here’s exactly what I spent to start:
$47.40 Bluehost – Setting up your Domain and Hosting. I paid for 1 year upfront to get the best discount offered at the time (Nov 2016). You’ll also get access to wordpress, which is where you will actually build your blog.
2. MONETIZING YOUR BLOG
There are a few different ways to make money from your blog. Selling your own services, selling your own products, selling other people’s products/services (i.e. affiliate marketing), and selling ad space are the main methods. If you’re like me, you might be curious how much money can be made through these different methods. I’ve decided to share some of my personal finances with you so you can get an idea of what type of income you can make with a pretty “low maintenance” blog. Below are some high level #’s from March earned income:
Selling My Own Products/Services: $0
I’ve heard this is one of the best ways to take your blog to the next level. I’d love to create an email based course at some point. But I don’t believe in making money on crap. And right now, I don’t really have the time to dedicate towards putting together something great and I honestly don’t know exactly what content I would like to provide. Ideally, this will be my next step in my blog someday so stay tuned!
Affiliate Marketing: $350
This can really vary from blog to blog. Personal finance blogs are not as easy when it comes to affiliate marketing, but as you can see, it’s certainly not impossible. As an affiliate, is it SO important to really think through who you want to promote. Regardless of affiliate payout, I would never recommend a product or service that I don’t personally use and love. I promise, your readers will know if you are just “pushing” a product to make money, and that is not the point of your blog! Here are a few of my favorite companies that I am currently affiliated with:
Ebates – If you have not signed up for ebates (as an affiliate or consumer) you are totally missing out on the easiest money ever! You can sign up for free through this link and they’ll give you $10 right away!
FlexOffers (this is a great one stop shop to access many amazing brands)
Rakuten LinkShare – Similar to FlexOffers, many brands in one location
Ad Space: $26
Google Adsense – This is currently the only ad program I am using; however, I am considering looking into other options to ensure I’m maximizing my potential earnings.
I have been very satisfied with the progress of my blog over the last 5 months. I have goals (big and small), but for now, I love where this has taken me. I’ve met so many great people, researched informative topics, and been able to increase my monthly cash flow.
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