How Can You Make Money from Your Blog – A Guide for the Bloggers

Everyone wants to make money from their blog posts. However, making money from blogging can be difficult, if you make the wrong decisions. Don’t be disappointed, this article can help you identify the problems and fix them as well.

 

The harsh reality is – blog posts are not money-making tools. Rather, these are the tools using which you can reach out to the world. Of course, with right effort and time, you can turn your blog into a machine which attracts money. However, for that, you need an effective blogging strategy. You must invest time in developing this strategy. To make this strategy, you need to first have a look at the probable mistakes which you might be making with your blog.

 

Successful blogging is the result of two essential elements – hard work and commitment. Based on these two, you can create the future strategy for your blog.

 

So, what is the first mistake that the bloggers make?

 

Lack of Business Model

 

Before you raise your hands in protest, let us tell you that a blog is a business tool. Through this, you are gathering your potential customers. Therefore, when you are trying to find how to make money through blogging, you need to have a look at the business strategy planning as well.

 

However, even if we forget the business aspect of a blog, a business model is important for the purpose of keeping you motivated. Without a roadmap, you might lose your passion.

 

So, now the question is – what is a business model? In simple words – this is a business plan. It is created to identify the business operation and probable client base. This also gets created to identify the revenue source.

 

If you think that a business model encompasses the process of making money, you are mistaking. When you are creating the business plan for your blog, you need to pay attention to some essential aspects.

• Target readers
• Ways to serve the readers
• Sources to produce quality contents for the readers
• Best promotional approach
• Core social platforms

 

Even though these elements seem obvious, there are bloggers who just start blogging without making any plan. As a result, in the midway, they find themselves out of ideas or without proper promotion plan. Both of these can be damaging to your blog.   

 

Lack of Niche

 

When you are creating an effective money-making strategy for a blog, you need to find your niche. Even if you are running a magazine, make sure to give it a voice.

 

If you try to plunge into everything at the same time, you will be heading for failure. From the day one of your blog launch, you must make it clear to the readers, what kind of contents they will be getting from your blog.

 

Since you are not creating a newspaper, you need to identify your niche. Here the experts encourage people to follow their passion. If you are not passionate about social media or technical content, don’t try to blog about the topics. Even if your passion has limited reader base, follow it and eventually, you will find success.

 

Lack of Value

 

Successful blogging takes time. If you are looking for quick success and fame, you are wasting your time here. Authority and influence can be earned through hard work only. If you want fame through blogging, you need to solve others problems.

 

If readers find that you have the solutions to their problems, they will come and pay for your service. So, it is essential for your sale value. In 2018, you can only make money by selling value.

 

Lack of Capability

 

Effective blogging strategy takes a close look at the capability of the blog as well. If you are looking for traffic or if you are trying to make money using your blog, you need to first decide whether your blog possesses the capability to draw attention.

 

To find this out, you need to assess your blog posts from the title to the summary. Are they interest evoking? Are they offering value? Do your blog posts offer unique information?

 

There are multiple questions which you need to ask when you are testing the capability of your blog. If you don’t find the pain points, you will not be able to derive success.

 

Making Business Plan for Blogging

 

Well, now that you know about the common mistakes that hinder the blogging success, here is a list of tips which can help you create an effective business plan for your blog.

 

Objective of the Blog

 

What is your reason to want to create the blog? There are too many blog topics available, why this particular one?

 

Even if you don’t let your readers know about this, you must have a clear objective in your mind. You must have a reason for launching the blog. You also need to define your future plan. What do you want to accomplish through the blog? Do you want to sell some products? Do you want to gain authority? Do want to create a trend?

 

Write down your objective, before creating the blog. This will help you create a further plan for it.

 

Name it Carefully

 

Choosing the right name is essential. You must work hard to make your blog a brand. Therefore, the name is important. It should be catchy, so the people get to remember it.

 

SWOT analysis

 

Yes, this is an essential part of any business plan. For your blog also, you need to have this analysis. You must know the strength and the weakness of your blog’s niche. Say for example – if you are creating a writers’ blog. The weakness of this blog can be limited reader base. However, the blog’s strength can be the loyal reader base.

 

Now, you need to analyze how much opportunity your blog has in the market. To find this out, you can explore the other similar blogs. See how they are doing and what kind of response they are generating.

 

Lastly, you need to analyze the threat of the blog. You need to analyze the competitions in the market. Once you have assessed this, you can create your blogging strategy for making money.