Blog Tipz

It is difficult to say that the entire blogosphere will take a direct hit as a result of the direction the world economy is headed.  Some bloggers are already multi-billionaires or even millionaires, so they don’t have little to worry about when it comes to amount of money distributed through the Internet.  However, for the majority of us, there could be major pay cuts as more people turn to blogging as a way to generate a little extra income each month and as a result, wealth isn’t distributed quite as evenly. 

photo credit: teadrinker

You can read additional posts about wealth in: It’s Your Turn to Beat the Odds and 50 Ways to Save Money as a Blogger.

While this post wasn’t intended to bore you with insight into how blogging will be affected by any downturns on the Internet and elsewhere or more of the same old rhetoric of tips to help keep your business/blog growing or how to make money online, I want to reintroduce the topic of wealth.

As a blogger, each of us is extremely opinionated – it is what blogging is all about.  Personally, I feel that blogging should do more than provide a source of income.  It should be able to create an unknown source of wealth, in more ways than one.  If you think about it, there are multiple ways to expand upon the knowledge base that you have, from the first minute after you become a blogger.

The Steps

Before you start a blog, you might have the background knowledge to write like a professional, but you might not have the proper communication or community site-building expertise to captivate your audience and further grow your blog.

Let’s take the example of everyone.  At one point, each one of us wasn’t accustomed to blogging.  Sure, you might have heard about blogging from other forms of media, but for the most part, you didn’t know how to blog for the multiple forms of earnings you could possibly receive.

The traditional process of starting a blog is as follows:

1. You hear about blogging, the fundamentals and basics of blogging, and the success stories of fellow bloggers who have made it big.
2. This magical process of blogging begins as you launch your first blog.
3. The writing of posts, leaving comments, and networking with others begins.  You start strong, but steadily grow your blog.
4. You gradually build out your name and network of sites, and you become well-known in the blogosphere.
5. Heaps of profit begin to flow in as a result of your hard work and dedication.

Although this isn’t the exact process of how people started their first blog, it can be said that this five-step process is true for many, or else they wanted it to be.

What is Wealth?

Wealth, and blogging are completely different to each person you ask to define the term.  One may perceive wealth as a monetary object, while another may directly relate it to what you have, not just physical aspects of your life.

Some of the richest people in the world may not have a single cent to their names – they may be a contributor to their community, making them an enormous asset to the world as an entire community.  In the same way, bloggers that generate absolutely no income can be some of the richest bloggers of them all.

• Wealth is all in the eye of the beholder, or the person that views the person with the wealth.
• Someone with nothing may have the most fundamental aspects, which can lead to the greatest wealth.
• Wealth is not necessarily cash.  It could be knowledge, or the quality of profuse abundances, such as talents.
• Over time, wealth is built- it doesn’t come all of a sudden, unless you make some kind of initial investment into a program, which would warrant a winning (i.e. lottery, drawing).

Building Wealth Through Your Blog – Content

Start your blog by showing your readers that you are serious in your fight to make a bold statement in the niche your blog is centered.  Lacking in this category will create a distrust in you – your readers will think you won’t be able to maintain your blog, thus leaving it shortly after this.

Despite the fact that you may be writing a personal blog, a lot of site “flippers” deeply examine a blog as soon as it appears on their screen – to see if returns could be made for purchasing the site/members, and at what rate the owner would be able to sell the site for, even if it isn’t currently for sale and they have no plans on approaching the owner about it.

Your content should be reflective of how you want to run your blog, not how others think you should be running it.

Creating Wealth Through Advertising and Other Miscellaneous Methods

For starters, the main method to become rich through your blog, in more ways than one, is to incorporate or add advertisements to the sidebars and other areas of your site.  You will be able to generate an income, either through a per-click, per-impression, or per-month basis, depending on the route that you want to take your blog and the advertisers requesting to advertise on your site.

Remember that you shouldn’t spend all your blog’s earnings and that any remaining cash from your blog should be reinvested to help grow your blog; purchase advertising on other blogs, renew your domain and hosting, or start other projects/continue your first blog.

Other ways people make money blogging:

• Promote products through sponsorships or affiliate/referral sales.
• Grow an offshoot of their blogging business, such as consulting, book sales, an offline business, etc.
• Run a charity organization, with the main focus being money earned through the blog.
• Create an event, or membership site, where people must join and become a member, either for a one-time or monthly recurring fee.

You don’t have to scam people or rip them off by adding dozens of advertisements to your blog, however.  All it takes is a single link/offer, and the readership levels required to fulfill the earnings that you want to generate from your blog.  Sincere dedication to what you want to accomplish is the only thing it takes to become a wealthy person through blogging.  Thousands have done it — you’re next.

Your Turn - What thoughts do you have on this subject?  How do you feel about wealth - is it “cash” or other forms of assets?  While this wasn’t a complete guide to “making money online”, what advice can you give other readers, relating to your experience as a blogger thus far?