As we have already seen, blogs can make you money. If you pick a
good subject and publish content to it regularly – monetizing it too as
we found out in our previous entry on how to make money blogging – then
you can make a nice income from it.
But although some people do indeed make a real full time (and very
decent) income by keeping and maintaining a single blog, other people
use the multiplication route to achieve success. This is arguably the
easier way to do it, since getting one blog to reach the levels of
success needed to really cash in can be very difficult.
Here’s how to do it.
You can make various amounts of money by writing a single blog, but
for the purposes of this example let’s say you’ve created a good one
that earns you $100 a month. If you create another nineteen of those
then you’ve got a nice monthly income of $2000.
That’s how the multiplication idea works. Build as many blogs as you
can and multiply your earnings quickly and easily. When you get into
this kind of area you’re looking at blogging as a business rather than
as a hobby, and while you might be able to set up and keep on top of
maybe ten blogs, any more than that will start to take up too much of
your time. Imagine having five hundred blogs that all need regular work
on them – you wouldn’t stand a chance.
What you need to do if you want to earn money via this route is to
set up a system where you get staff writers on board to write some of
the blogs for you. This will effectively automate your content and
leaves more time for you to build more new blogs. There are several
good bidding sites online where you can post a request for writers, and
while it will obviously cost you money to pay each one for each post,
the money you will earn from each regularly updated blog that gets a
good income will be more than adequate to pay each writer and leave a
nice profit for you too.
The best way to establish yourself as a pro-blogger in this way is to
concentrate on setting up one blog at a time and making a really good
job of it before moving on to the next one. If you try and set up any
more than this in one hit you stand more chance of making a less than
satisfactory job of it. Always make quality your number one priority.
If you want even less work then you can also consider offering blogs
to other people to maintain themselves as a sub-domain on your site.
You can split a portion of the advertising revenues with your bloggers
to give them an incentive for joining, and the rest will be pure profit
for you. Bear in mind you will still need to pay hosting fees though.
The first option does give you more control over the subject of your
blogs however; if you have done your research and you know what subjects
are going to be very popular and attract more traffic and revenue for
you, this could be the better way to go. It all depends on how much
time you have to spare to set everything up in the first place.
So you see while many people think of blogging as something you can
do in your spare time and possibly earn a bit of cash with as well, if
you go about it in the right way it can provide you with a great
alternative to getting a proper job for a living!
If it sounds appealing to you, start thinking of your first half dozen blog ideas now. But be sure to leave us a comment first!
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