How to Make Money With Blogs – Making Money From Blogging
In this article I look at the 2 broad methods for making money from blogging. And if you do not use one of these methods you will fail with your blog. Why not learn from those who have gone before?
The 2 schools of thought that blogging for money can be broken down to
1) Using 1 blog and setting yourself up as an expert, an opinion former or leader in a particular area of expertise.
2) Creating multiple blogs in micro niches and simply ramping up your activities across a range of markets.
1) Opinion Former/leader/expert
To pursue this strategy you need to be an expert in some area of activity..or at least become one. To do this you will devote all your resources of time, energy and creativity in one area.
You will attempt to drive sufficient traffic to your blog because of your obvious expertise and your ability to provide useful content and information to your visitors.
You will seek to build a loyal following and to do this you will need to demonstrate expertise and credibility.
2) Multiple Blogs in Micro Niches
This strategy is the polar opposite in that you simply follow the crowd in a particular area, and plop yourself down in front of them and sell them affiliate products, advertising and so on.
This method does not require huge expertise or credibility..you are simply following the crowd and the money and hoping that if you can devise a method by which to make relatively small money you simply repeat the process on a larger scale.
You are spreading your efforts across a greater number of areas, not looking for a huge return, but because of the sheer scale of building out your blogs you will still show a decent return.
And you are spreading your risk..with the option of ramping up a particularly good niche if it outperforms others.
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Filed under Make Money Blogging by Terry