After announcing the new site I got about a dozen emails from readers asking how much they can expect to make online from a blog. Unfortunately the only answer I can give you is that “it depends”. Do you want to establish a small passive income stream or quit your day job and make a living online? The internet is a big place with a lot of opportunities. It depends on what you want to do and how much work you are willing to put into it. You can make high six figures, even seven figures, or a few hundred a year. I know people who have been able to make a name for themselves online within a short period of time and I know people who have been trying for a year and still don’t make enough to pay their internet bill. I will not sit here and tell you that you will be rich overnight and that you can make $20,000 a month, that’s all bull crap. Very rarely do people become that successful that fast, and if someone is promising you that you will make $20K a month after purchasing their product for the amazing price of $199…well just use some common sense. The barrier to entry is extremely low if it was that easy everyone would be doing it.
Although I can’t promise that you will become wealthy with a blog, I’ll give you a realistic picture. You may not like it but at least you won’t feel like a failure when you don’t make $20K a month.
If you start a blog, depending on your niche, realistically you can expect to make around $200-300/month after about a year if you put the minimum amount of work into it. Some will be more successfull and others not as much. That may not seem like a lot, but remember this is often a side income and for most people it can go a long way. If you take things a little more serious spend sometime and reinvest your income you can make +$2000/month after about a two years. Now things are starting to get more interesting. The formula is pretty simple: more dedication = more $$.
I bet you are wondering if that’s how much I was making after two years. Well, my main blog was making over $1500/month after the first year. Some may not consider that a lot, but I was thrilled as I never expected to make anything.
A few words of wisdom
- Blogging is not a get rich quick scheme, do not quit your job (yet!). It takes time and work.
- Your niche will be a big factor.
- Don’t be discouraged if you don’t see any profits in the first few month, think long term.
- Blogging can sometimes be a pain in the ass.
- Don’t expect to sell your blog for $20,000 after 6 months with $500/month in text link income, unless you can find an idiot.
- Don’t start 5 different blogs, just focus on one.
If you are serious and want to take a business approach to blogging, instead of using it as a personal diary, be ready to invest some time and money into it.
Remember the 3 P’s; patience, perseverance and persistence.