SIMPLE METHODS TO SAVE MONEY EVERY MONTH IN NIGERIA

Would you like to learn how to save money? Most Nigerians aren't that great about saving money. Many people are searching for methods to save more money and-their expenses as they can give up their poor financial habits.

There can be little savings, mainly if you do it regularly over time, and doing many things all at once might save a lot per month. Often all it takes is the first step in the right direction to make things shift for you. Sometimes the most challenging something about saving money is just getting started. These essential tips on saving money will help you build a basic and realistic strategy to save for big and small objectives.

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DEVELOP A BUDGET

A carefully established budget is at the core of every savings plan. Budgeting lets you prioritize your spending and align your expenses and save money all year round. By checking your credit card statements, bills, bank information, and receipts, you can process all of your daily expenses, including rental or home loan, transportation, insurance, and energy.

CREATE SAVINGS PLANS

Now that you have a budget build a group of savings within it. Aim to save 10 to 15 percent of your sales, at least. consider the money you put into savings a regular expense, similar to groceries, to reinforce. If your expenses are so high that you can't save that much, it might be time to cut them down. Identify non-essential products that are less costly, including entertainment and dining, and find ways to save the monthly fixed costs.

RECORD YOUR EXPENSES

One significant step towards saving money is finding out how much you spend and keeping track of your company and personal expenses. Having your costs well reported over time will help you evaluate your spending patterns and cut back on excessive expenditures that can impact your finances.

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MAKE SAVINGS AUTOMATIC

Another quick way to save money is to simplify your savings. To save money quickly and intelligently, technology start-ups like Piggybank and Corywise leads the way. The automatic saving idea for each of these apps is simple; the app removes a fixed amount from your account as scheduled and adds to a saving account that you cannot withdraw after a certain period has elapsed.

OPEN YOUR ACCOUNT WITH A FIXED DEPOSIT

Fixed deposit banking accounts will give you a higher interest rate than standard savings or transaction accounts if you limit easy access to your money.

Fixed deposit accounts allow bank clients to hold their money in the bank and receive several percent of the original value each year. Although the way a fixed deposit is put differs slightly, it is always straightforward to open a fixed deposit account.

CHOOSE SOMETHING TO SAVE FOR

One of the easiest ways to save money is to set your savings target that you love to achieve. Start by thinking about what you may like to save for, maybe save for a new car, a new home, a family vacation, or even retirement. Find out how much money you need and how long it will take to save the sum you need and to pursue progressive measures to achieve it.

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BE A GREAT NEGOTIATOR

No other world skills will save you as much money as the bargaining power or be as useful to you later in life. The art of negotiation will save you thousands of naira in the long term every month. You can use negotiating books and deal-making as a way to start your negotiating education.

BUY THINGS IN BULK

This is simple if you have something you use, and then check to see if you can buy it in bulk and get a discount from a local supplier. Often you will find that you are going to get a lot more per unit price and never have to think about running that item out again, making it a pretty easy way to save money every month on your basic needs.

MASTER THE 30-DAY RULE

Avoiding immediate gratification is one of the essential principles of personal finance, and it's an ideal way to enforce this law by waiting 30 days to decide on a purchase.

Very often, after a month, you will find that the desire to buy has gone, and just by waiting, you saved some money for yourself. If you are still on the fence about a purchase, waiting a while will give you a more in-depth insight into whether the money is worth it.

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CONCLUSION

If you ever spend more than you make, ask yourself what you should cut or cut to save some money. Not everyone will receive any of these tips. Only go through the list and see what relates to you and use it in your life.

THE SECRET MONEY BEHIND BINARY  AND WHY YOU SHOULD START TRADING

One thing I hate the most is people budging into my DM and start promoting their business without prior notice. This pisses me off more than anything else, but then one caught my attention, he was making lots of sense and confidence.

I replied, very madly at him and later gave him room to say what he's got to say; along the line, the conversation started making sense as he promised to show me how to make 100s of thousands from trading binary.

Now, I've got no knowledge of this, and I hate people coming to extort me in the name of promoting their business but then, he was diff, he wasn't going to collect money from me, he said he was going to teach me all for free.

Now, all the nerves and topology in my body system was like, O.M.G (FREE MONEY FOR NAIJA) I found it hard to believe so, I was following gradually, to see where it all ends. He fixed a date with me and started this binary teaching. This story, do you think it ended in premium tears, no fluff, there's more behind it but then, let me tell you a bit about binary, I have made roughly $5000 from this in 3 months, and I can say you can do the same if you follow the right instruction from the best tutors.

BINARY TRADING

People have been trading binary options for decades, but this unique type of trading became available to the public thanks to the Internets development. Nowadays, anyone who has enough knowledge and money to invest can start trading binary options in order to turn their knowledge into profit. Many of you have probably only recently heard of the term ‘binary options trading’ and this article's main goal is to make you familiar with the basics of binary options, what are they used for, and why they are the right choice for you. 

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Keep in mind that binary options trading is a difficult job and you must be prepared to spend a lot of time reading, improving your skills, mastering your strategies and most importantly – learning how to control your money and emotions in order to profit.

If you want to become a successful trader in the field of binary options trading, then you have to start from the very beginning. Within the next few lines we will try to give you a basic idea of all the important moments you need to know about this type of trading and make you familiar with the reason why many people believe that choosing binary options is a really good decision, which can help you make significant profits.

There is a question that many people have been asking about this exciting new trading possibility – “Why binary options?”. First of all, every binary option trader does not need to spend all of his/her time on keeping track of leverage, spreads, stop-loss strategies, deposit margins, or hidden transaction fees. What binary options trading is going to give you is the opportunity to concentrate only on making the right projections, which will generate profits.

Beginners should note, that they can start earning despite the fact that most markets are volatile. Actually, in many cases, they will be able to make the right decision exactly because of the volatility of those markets. Those conditions are one of the main factors that should suffice your curiosity when it comes to binary options trading and deciding whether or not choosing them was the right solution for you.

Another advantage of binary options trading is the fact that it allows you to have full control of your portfolio because this type of trading will let you handle your own risk levels. If you are quite a risky player, then you may consider beginning such trading. Diligent traders enjoy higher success rates because they have the opportunity to handle their own risk exposure.

What is most important, binary options trading is easy! This means that even people with basic computer skills will be able to start a career as traders. As there are a lot of traditional assets, it is normal for traders to lose track of their exposure. This, however, will not happen in the case with binary options, because the nature of this type of trading is “all-or-nothing”. As a result, every binary options trader will be able to make better decisions regarding account and money management.

According to some experts, binary options are appropriate for trading at this moment, because high turbulence has been present in the global markets during the last couple of years. The increased need for investments combined with rising volatility has made the position of binary options trading more than attractive. In complete contrast with the current financial and economic situation, binary options tend to focus on straightforwardness and the ability to make profits out of volatile markets.

The good news is that if you start with binary options now, there is quite a high chance for you to become a successful trader in the future, as this type of trading is gaining more and more popularity.

Binary options are a unique tool that is based on the asset price prediction. If you have traded Forex, then you know that the Forex market is all about precision – you must predict the direction in which the price will change, but you must also predict the amplitude of the change.

On the other hand, when you trade binary options, all you need to do is predict the direction of the price’s movement. This makes the task much easier and the best part is that the amplitude of change doesn’t matter, so the risk you take is reduced to some extent.

Although many people say that Forex trading and binary options trading are very much alike, you should know that there are major differences between them and this article will cover some of them.

First of all, binary options are transparent – you get detailed information about your eventual profits and losses, so you can easily make up your mind and decide whether it is worth placing a trade or not.

The opportunity to see the amount of money you’ll make from the trade is very attractive and many people prefer binary options trading exactly for this reason.

TIME IS AN IMPORTANT FACTOR

One of the advantages of binary options trading is that your deals aren’t open-ended – every trader has to carefully calculate their predictions in order to choose the expiry time of their position. In order for a trade to expire in the money, the trader has to predict in which way the price will go at a specific time. This may seem like a difficult job, but as soon as you get to know binary options better and get familiar with fundamental and technical analysis, you’ll see that this isn’t as difficult as you think.

When you trade binary options, you’ll have access to all the assets that are available on the regular trading markets – stocks, indices, commodities and currencies. Naturally, the number of assets you have access to maybe slightly limited by your broker, but such cases are pretty rare and we are sure that as soon as you read our post about choosing the best binary broker, you’ll choose the one that meets your demands and needs.

In conclusion, binary options are a great way of earning extra income, especially if you are dedicated to this task. Of course, don’t forget that this type of trading is everything but easy. In order to become a successful binary options trader, you’ll have to read enough literature, study different strategies, spend a lot of time trading with a demo account and hopefully, in several months you’ll be ready to start investing real money and generating sufficient income.

If you are not an experienced trader, I recommend you to pay special attention to what is coming up for you, there will be FREE BINARY CLASSES FOR YOU EVERY THURSDAY 9PM NIGERIAN TIME.

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 UNTAPPED BUSINESS IDEAS & OPPORTUNITIES IN NIGERIA (2020)

 MAJOR CHALLENGES OF DOING BUSINESS IN NIGERIA

Nigeria is one of the largest companies in the world on the African continent. But when it comes to doing business in Nigeria, a typical Nigerian business is met with many challenges. In 2016, Nigeria ranked 169th in the World Bank's Simple Doing Business Survey, out of 189 countries.

In the first three years, 80 percent of new companies and startups in Nigeria will fail. Doing business in Nigeria may be a wonderful experience, but a new business or startup will face great challenges and difficulties before success. Starting a business company usually entails its own business risk that can interfere with such a company's growth. Still, all companies in Nigeria have very common problems and challenges. In this paper, we highlighted Nigeria's top business challenges and how to solve those challenges in others to ensure that they don't ruin your business.

CAPITAL AND CREDIT ACCESS

One of the difficult tasks is to raise money for any entrepreneur who wants to start his own small business. Simply put, capital is the amount of money that the organization will spend on different business activities. If you're one of the bloc's rich children, it's never easy to collect capital and takes persistence and patience.

Lack of financial capital is the greatest problem in Nigeria when it comes to doing business. And when financial schemes were conceptualized and introduced to benefit enterprises, the government still had difficulties ensuring that financial resources are readily available to entrepreneurs. In most cases, entrepreneurs must use personal investments, corporate loans, families and associates, or government grants to access business financial resources.

POWER/ELECTRICITY SUPPLY

Entry to constant energy and power is a major business issue in Nigeria. Average households in Nigeria can have access, as of June 2018, to 6 hours of uninterrupted power out of the day's 24 hours. That is why generators are so popular in Nigeria as an alternative power source.

9 out of 10 houses in the State of Lagos alone have at least one generator as an alternative power source. In recent decades, successive governments have failed to fix Nigeria's energy deficit crisis. The new Minister for Power, Works and Housing, Mr. Raji Fashola, has blamed consumers on the lack of enough financial expenditure in the energy sector for insufficient electricity supplies.

GOVERNMENT REGULATIONS

The government plays a critical role in determining how Nigeria does business. No government or economic system leaves some decisions on the market. These regulations are intended to keep companies under control and to ensure that they obey a general law. Corporate legislation is called the Corporate & Allied Matters Act (CAMA).

African countries rate low on the "Doing Business" a score of the World Bank. This is mostly due to the difficulties of starting up a business. In Nigeria, a company's establishment will take between 2 weeks and one month and often involves several regulatory hurdles. The government supports local startup ecosystems more, but the Nigerian government generally needs to do more to make it simpler and more exciting to do business.

CORRUPTION & BRIBERY

While Nigeria is one of the world's largest investment destinations and officially functions well, corruption and bribery continue to be significant obstacles. The federal political system's composition suggests a wide variety of enforcement agencies, which may lead to elected officials seeking bribes.

In 2013, according to the Transparency International Corruption Perception Index, Nigeria ranked the 14 most corrupt country in the world and organized crime in some parts of the country is a major issue. However, President M. Buhari's new administration is fighting hard at all levels of government.

MARKET DEVELOPMENTS 

The most important thing here is disruption, such as digital or technical disruption. It affects companies from all sectors in Nigeria. There is also a danger to the industry that global economic growth is unpredictable. When you are uncertain of how the economy can shift, business strategy and strategic growth are far harder and more dangerous.

In an attempt to plan for these threats, many corporate companies (such as banks) are now funding startups to become part of the revolution or to grow smaller, agiler and very different parts of their enterprise to look ahead and to become aware of emerging market developments that may impact how business is done.

INSECURITY

Domestic terrorism, kidnappings, community clashes are just some of the national security challenges that this country faces every day. Theft and organized armed robbery are the businessmen's worse clothes; no one seems safe and safe from this danger that has ruined our society. This means that company owners and companies invest more than enough on safety initiatives, which raises the costs of operating a business in Nigeria.

GET PROFESSIONAL AND TRUSTWORTHY WORKERS

Most effective companies in Nigeria have struggled to get employees who have no problem in one region. The quality of the people you hire plays an important role in the success/breaking of a company. While skilled and well-trained job seekers in Nigeria are generally not lacking, the challenge is to look for employees who agree with your business vision.

These are some of the challenges in Nigeria, and while they are all critical in their way, they can be overcome with good planning and determination.

BEST ONLINE WEBSITE BUILDER FOR SMALL BUSINESS OWNERS IN NIGERIA

As the internet was still considered the second big thing, many companies hurried to be online, generating high demands for website developers, internet marketing, cloud services, and much more. Just under a decade ago, the construction of a website needed a lot of money, making it more difficult for small businesses to access their services online. Fortunately, with the development of technology, almost everyone can launch a website today without saving money.

Site builders have made it possible for small companies to share their goods and services with the world. They are a great way for small companies to start a website without asking for a developer's assistance. And non-technical people can now create a website on their own with a minimum of 15,000 people.

Many website builders are already on the market. Although this is a positive thing, choosing the right one for you can be difficult. Here are top online website builders you can use for your small business website:

WORDPRESS

WordPress is the leading website building platform globally, with over 34 percent of websites operated by WordPress. WordPress is a free forum for the building of open-source websites. This means that you have complete ownership of your website.

Two versions of WordPress, WordPress.org, and WordPress.com are available. But don't worry, both are from the same business. The self-hosted WordPress.org is the best choice to create your small business website because of its popularity, scalability, powerful features, and usability. There is also an excellent support system. To create a WordPress website for your business, you need a 24/7 web hosting service account.

WIX.COM

Wix.com is around for a long time now and is one of the website's most trusted builders. It is a cloud-based website development platform that provides ease of use and powerful features for designing your website. Wix is a fully hosted platform for building a website, so you won't have to pay any hosting fees. You will have access to a large selection of templates to design your website professionally. And the best thing is that every template is served with the drag-and-drop feature.

SHOPIFY

Shopify is also one of the most successful eCommerce website builders, designed specifically for eCommerce and online stores. The site has more than half a million companies and more than one million active users. To date, products worth more than $40 billion have been sold on this website.

Like Wix.com, Shopify is also a fully hosted site, which means that you won't incur any hosting costs or worry about software management, backup, or upgrading. The platform does all of this for you and much more.

SQUARESPACE

Squarespace is known for its technical design and usability. It offers small business owners a trustworthy option to create and launch their websites.

The best thing with Squarespace is that it comes with a company-grade website hosting tool. You will concentrate on increasing your company without thinking about hosting. It also includes several website templates to start you up. Each concept is also completely produced and ready for all content forms.

WEEBLY

If you are looking for a website builder that is easy to use, look no further. It comes with a beautifully crafted page builder that allows users to modify their websites without learning about coding. Weebly is also a fully-hosted website, so you don't have to install software to run your site. The framework is responsible for hosting and handling all the applications in the backend.

GODADDY

GoDaddy Website Builder is an online editing and publishing platform that lets you develop a website, irrespective of your professional level. Only build an account, choose a template, and use the integrated editor to add your pictures and text.

After years as a leading provider of services for domain and web hosting, GoDaddy chose to use software to create a website. The company provides a convenient and easy-to-use hosting platform for creating websites. GoDaddy also has hundreds of blocks ready for use, which can be dragged and dropped to create a beautiful and awesome website for your online company.

GOOGLE SITES

As the name indicates, this website creator is from Google, but while it is a hawk in technology, it has never been published in this list like others. However, it is still a great tool to create your website for small businesses. It is a free builder of the website that includes e-mail, Hangouts, G Drive Suite, and more. Also, it has unlimited use, many models, and many traffic, which gives a boundary over other website constructors in this list.

CONCLUSION 

These website builders can enable you to easily and quickly start up your small business website. You need no previous coding experience to build a website because the tools provide pre-designed templates that you can drag and drop to accomplish your objective.

The above-shared website builders have a range of tools to help you find your company on Google and beyond. Search engine optimization to e-mail marketing and social media presence management is fully integrated with marketing and SEO instruments to support the company to noise and stand out.

HOW TO START ONLINE SPORTS BETTING AND GAMBLING BUSINESS IN NIGERIA

Nigeria is one of the several African countries participating in the online sports betting epidemic. This includes online poker, casino games, and betting on sports. In the last two years, the Nigerian sports betting and gaming industry has grown astronomically. The country's huge population and increased access to internet devices can be attributed to betting's exceptional growth.

Nairabet was Nigeria's first online domestic sports betting platform. Since its existence, there have been many more gambling sites, including Bet9ja, BetKing, MerryBet, SureBet, etc. in Nigeria.

The National Lottery Regulatory Commission shall decide all forms of gambling in Nigeria, including sports betting. Lottering was legalized under the National Lottery Act, 2005, and the Chapter 22 Criminal Code Act, passed in 1990, is defined for gambling. It is important to note that all forms of play are limited to all Nigerian citizens under 18.

In the State of Lagos, a body known as the Lagos State Lotteries Board (LSLB) has been set up. LSLB was created by the Lagos State Lotteries Laws Cap L89 2004 and is responsible for regulating lotteries, sports betting, scratch card & electronic games, casino operations, gaming machines operations, betting pools, promotions, and other gaming operations within the Lagos State.

Sports betting in Nigeria is a highly profitable business. About 60 million Nigerians between 18 and 40 years of age participate in active sports betting. These punters, on average, spend around 3,000 Naira each day on betting. Sports betting gives Nigeria soccer fans the chance to make money from what they love. Sport betting shops can now be found in almost every street in Lagos in 2019, with new shops being supplied every day.

A leading study released by KPMG in 2016 on Gambling in Africa exposed some offensive numbers in the sports betting industry in Nigeria. The leading Nigerian sports betting firm, Bet9ja, generated an average monthly revenue of $10 million in 2016. NairaBet, second in the sector, generates an average turnover of $3 m to $5 m, with a profit margin of 20-30 percent.

Here are the steps to create sports betting business in Nigeria.

REGISTRATION

Registration is essential to any company in any field. Registration is critical. You must legally register your business to start a sports betting company in Nigeria.

To register your company name, go to the nearest Corporate Affairs Commission (CAC) office in your state. It should usually take two or more weeks to be accepted. This helps you to create a company bank account and file your taxpayer ID.

LICENSING

This is another step towards setting up a sports betting company in Nigeria. Sports betting in Nigeria, as in any other sector, involve licenses and are controlled by somebody. The NLC is responsible for regulating all companies involved in sports betting in Nigeria. If you're in Lagos State, it's also a must for the Lagos State Lottery Board to obtain another license. You will need more than 5 million nairas for these 2 phases alone to complete registration and licensing.

But if you don't have this number, register with another sports betting company in Nigeria is the best thing. This is called a franchise. By registering with a sports betting company, a license is not required again. You may also use the logo, prestige, name, and software of the organization.

In Nigeria, you can register various sports betting firms under such things as Betnaija, Nairabet, Surebet, Supabet, etc. And if you have a franchise fee to pay for registration. Depending on your revenue and the business you register with, you can also earn a commission fee.

RENTING OF OFFICE SPACE

Before your business can be approved and licensed, you must have your office's physical address for the regulatory authorities. The office can accommodate at least 100 staff up to standard and wide. You should also consider the office location before you rent any room. It should be near the destination of your audience. For example, maybe near a soccer field or arena or even on a busy road. The physical office is important to position bets, lodge grievances, and demand their money for punters (people making a bet).

OFFICIAL WEBSITES

For this company, a website is a required tool. Sports betting must not only be put in a physical location in Nigeria. A website should be available with the latest technology level to present your company and where punters can make a bet. When designing an official website for your business, make sure that it is mostly compatible with mobile phones. You may also use sleek and stylish templates on your website.

PAYMENT GATEWAY

This is also critical in establishing the sports betting sector in Nigeria. There is no way to put a bet without a payment gateway. Make sure your payment gateway is stable and reliable. Also, have numerous punter payment options. It would be best if you talked to your website designer about this.

FRANCHISE OUTLETS

The various outlets are one of the tactics used by sports betting companies in Nigeria. To ensure profitability, you need to build a range of outlets in various areas and cities. If you do not have the resources to open an additional outlet yet, you can be strategic by ensuring your physical location is right. Equipment such as computers, UPS, equipment (chairs, desks, and noticeboard), printers, and TV sets are just what you need for any franchise outlet to purchase.

PROMOTIONS

That's the last, but most critical thing. One of the errors most entrepreneurs make is not to promote their company until they have invested fortunes. You have to invest some money to promote your business. You can sponsor social media advertising, sponsor TV and radio shows, make fliers and billboards to raise awareness. Sports Betting is a highly lucrative industry with many prospects in Nigeria. It certainly yields good returns with good experience, skills, and resources.

Information Marketing as a term has been one of the most frequent questions asked of us by our dear readers. This episode looks to answer this question by defining what exactly an online information an entrepreneur is, how to generate information, and ways to make money from selling information using the web as a medium.

We all know that the world runs on information, and, with the advent of more media outlets daily, information marketing is easily one of the guaranteed ways to not only build but also extend your business online. Having both unique information about a topic, as well as a passion for a topic can see information marketing serves as one of the perfect avenues for you to make money online, as, more and more people turn to digital outlets such as the web first for information consumption.

WHO EXACTLY IS AN ONLINE INFOPRENUER?

Anybody who basically makes living selling information online can be regarded as an online infopreneur. It has been regarded as a profitable business model, as many people have recorded success stories from the sale and documentation of information. One example would be an expert when it comes to health and fitness. They have a passion for or a strong interest in health and fitness. They might create training manuals videos and courses on how to get fit and healthy. The information in this context could range from beginner to advanced tricks that could focus on smarter ways to reduce belly fat in a short space of time. Sounds extreme, right? Believe it or not, there is a market for people who are looking for smarter ways to reduce belly fat.

An online infopreneur's execution plan needs to include what their passions are and if there is an audience for it. You can have a list of topics you are knowledgeable about or interested in. Research then follows, the trend of what people are searching for should act as guidelines to see if people are really interested in knowing more about your topic of choice.

While still discussing the health and fitness topic, it could be that infopreneur began with a passion for health and fitness. He/She later discovered that many people were struggling with their health and fitness. There were search entries created and recorded around the topic. This infopreneur did notice that there were not a lot of other businesses providing information on the topic. In summary, there was a sizable demand for information about proper health and fitness schemes but not much supply. This is the perfect opportunity to create an information marketing business for the infopreneur.

CHOOSE AND FIND A NICHE

The first step to you focusing on your niche is to first identify your interests and passions. Next, are you researching these interests for profitable niches? Niches are known as a specialty topic. For example, it can be targeted to a demographic like women-only health and fitness scheme or health and fitness scheme for people in South-Africa. Or it can be a skill level – beginner guide to getting into shape in 10 days. The summary here is to identify not only an interest but a targeted audience who would readily consume this information.

CREATE A CENTER STORAGE FOR YOUR INFORMATION

Once you are done with step one where you identify and have chosen a niche. It is time to create a central point for the proper dissemination of your information products/services. In most cases, people go with a website. Your website will be dedicated to helping your audience learn what they need to know about you and your topic. Information products are not limited to free articles, video contents, paid articles, reports, and digital downloads.

MAKING AN OFFER

After getting people interested in your information contents, mostly your free articles, you can take them to the next phase where they are offered a product to buy. Often this is in the form of an eBook, a video series, or an online course. The information products that focus on successfully solving a problem for your audience. For example, “How to start eating healthy.” You may unravel common problems during your research or you may need to do additional research to find the answers.

It is necessary to create an information marketing business around an interest or specialty knowledge about a topic. It is a great way to make an income. Some information marketers have gone on to make millions from their books, courses, and videos.

PROS AND CONS OF MAKING MONEY AS A BLOGGER

For those who want to start a blog or grow it into a company, it can not only be incredibly difficult to predict your income potential, but it is also difficult to expect when you start earning your income. Blogging is a pretty slow business model in general, and if you want to make money blogging, it is easier to recognize that from the outset. 

Here are some pros and cons of some strategies on making money in blogging.

DISPLAY ADS

These are the small boxes that appear at the edges of a website and are operated by ad networks that combine advertisers with appropriate websites. These networks will help you develop an ad layout, manage your relationships with advertisers, and customize advertising that evolves with the market trends.

This is still a viral method of monetizing blogs, and even bloggers who can afford advertising to keep them around.

 PROS:

Shallow entry barrier: You can place ads on a baby blog with hardly any page views using Google AdSense, but you are more likely to be approved for an account when your blog is around for six months or longer. In addition to Google AdSense, other ads networks can be applied once your page views increase, such as Mediavine and AdThrive.

Income from display ads is relatively passive: It will probably take you a bit of the work to determine how you want your blog monetized with display ads, how many and where you will put them on your blog. You can check your analytics to see the levels (CTR) by clicking and playing with them to increase the amount. This means that once you have a strategy that works for your blog, you can use it forever without altering it (without adjusting the ad network, revenue, etc.). That's why bloggers can still use them – they have found a way to make some cash in the background.

CONS:

Low-income opportunity: We know that we just told you that some bloggers generate decent ads on show, but compared with their total profits, it's a drop in the bucket. It may take months to receive even $10 from display ads for new bloggers since the average CTR of all display and placement formats is only around 0.05 percent. It's just five clicks per 10,000 page views.

Display ads take your reader's attention from your site: note that you aim to hold your readers on your site and read your material. You want them to respond to your call for action, to click on other things, etc. The aim of advertisers, however, is to get your readers to their pages. Although you are paid for clicking, they often delete readers from your blog.

Lower overall user experience: We've visited blogs that seem like more advertising than original content – pop-ups from all directions, video ads that you ignore as you click, and even a slower update. This is sucking and potentially pushing more then it holds readers away.

At the same time, we were on websites with barely visible show advertisements. These are the blogs that have found a successful advertisement strategy that raises blog incomes while not devaluing their blog and losing their followers.

ALSO READ: TOP WAYS TO MAKE MONEY ONLINE

SPONSORED POSTS 

Sponsorship deals for bloggers are when an organization pays you through blog posts, social media posts, or emails, to promote its brand through its web. Companies like sponsorships because sponsored posts will build brand recognition in a target audience when combined with the right blogger. You'll want to get a pretty good idea of who your target is before you try to make money by sponsored posts, and the big reason is that you want to sell your content-related items. If you know who your target is, so you will know what they want to hear more.

PROS: 

Sponsored posts can feel organic when done well: While your readers know the posts are sponsored (FTC demands that you report this), you still have the impression that the sponsored post blends in seamlessly with the rest of your material. It's easier to find companies that fit well with your niche and your brand.

Building trust and value: Your audience believes in you, and if you spend the time educating them about products that help, you add value to your blog and build confidence. This confidence building can go south by leading your audience to a lousy product or making no sense with your brand.

Building brand partnerships: If your sponsored posts are popular and sold for the brand, your sponsor has become a valuable asset. That means you can develop a long-term relationship with a brand that wants to work with you more and will raise your fee as you travel.

CONS: 

Sponsored posts require a lot of work: There are various things you may have to do contractually, and they will all work decently. Here are a few things you might want to do:

• ·         Write a blog post(s)
• ·         Write a social media post(s)
• ·         Take images
• ·         Use your email list to promote the sponsor

You would also like to create a media kit to help potential advertisers learn about your blog before you launch – page views, demographics, social media statistics, etc.   In the reality, you can use a media kit along the way, but it's just one more thing to do before you attempt to run sponsored content.

The pay is not high: For new bloggers, you can charge $150-$250 for each supported article, but think about all the work we described just now. Say you need a 1,000-word post, which could take four hours to investigate and publish, perhaps another hour or two to edit.  It will be challenging to keep your blog on a few incomes, particularly if you want to blog full time.

AFFILIATE MARKETING

For many bloggers, the next step in making money blogging is affiliate income, leaving their employer earnings. If you do not know the word, affiliate marketing is a unique tracking link if you write about a specific product or service and then make a profit if anyone buys the product or service using your link. Affiliates can be found via networks such as Impact Radius and ShareASale.

PROS:

Affiliate earnings are quite sweet and passive: Affiliate revenues are considered to be "gaining cash while you sleep" revenue – you don't actively sell something and you can continue to benefit as long as your affiliate relationship is formed. But it takes time to write posts with affiliate links, hold those posts, and keep traffic to them.

Can provide your readers with value: Since your affiliates should be your goods, items that support you in your everyday life, you show your readers by telling them about these goods. This leads to a relationship of confidence, further conversions, etc.

CONS:

You will need more page views: Compared to the monetization techniques we already discussed, for affiliate marketing, you will need even more.

Interestingly, the higher page views are not necessarily about more clicks, and if you're a smaller blog and have a decent understanding of how to use affiliates for decent and not bad, this can work in your favor.

You aren’t in control of the networks: While you can bank serious cash with affiliates, you still rely on another person – your affiliates. If they change policy, lose a customer, whatever, the sales could be seriously hit. For more on affiliate marketing, the Making Sense of affiliate marketing course is undoubtedly recommended. There are great reviews everywhere, and we have planned one soon.

FREELANCING 

Although freelancing does not sound like earning income directly from your blog (kindly read my post on top freelancing platforms to make money from 2020), bloggers also use their blog almost as a portfolio. This is precisely the case if you work as a blogger, graphic designer, photographer, or web designer. In reality, you can offer a lot of other freelance services through your blog – virtual assistant, social media manager, publisher, etc.

If you already have a website for your self-employed company, adding a blog can be an excellent addition to a more direct and personal connection between you and your customers. As your client's base increases, you are increasing your audience – contributing to monetization in the other forms we have listed.

PROS:

You can use your spare time and skills: Freelancing can be performed outside of your regular job, ensuring you can spend as much time as possible to increase your income. You can provide programs that use your existing skills or learn a new skill set.

Your business growth is up to you: When you expand and have enough customers to support yourself, you will attain a point where you want to employ assistants to increase your income. A broader customer base means more revenue, and it keeps you flexible and don't rely just on one or two large customers.

CONS:

You must find customers: You can also use online platforms such as UpWork to find customers who check freelancers, but when you start, it can be difficult to break on the market.

There are limits on what you can charge: If your work or hourly rate represents your experience, it also has to comply with specific industry requirements. What can be paid here falls on both sides.

A lack of work means a lack of pay: Freelancing is nothing passive. So it would be best if you worked actively to make money. That makes holiday time and sick days difficult. You can depend on work to earn money.

PEOPLE'S CHOICE

HOW TO SUBMIT YOUR BLOG SITEMAP TO SEARCH CONSOLE

• ·         Articles
• ·         Photography
• ·         Styling and staging
• ·         Videos
• ·         Social media posts
• ·         Emails

PEOPLE'S CHOICE: