Wednesday, September 9, 2020

PROS AND CONS OF MAKING MONEY AS A BLOGGER 2020

 

PROS AND CONS OF MAKING MONEY AS A BLOGGER

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