Let us take a closer look at figures. At $100 a day you can earn
$700 weekly
$3,000 monthly
$36,500 yearly
$36,500 may sound like a very big amount and you may get overwhelmed just thinking about it. Some of you might think this is impossible especially when you have started blogging and not made a single dollar till date.
Advice for everyone aspiring to become a full time blogger.
1. Do not be in a hurry and give up your day job.
It is possible to make $100 a day or $36000 a year blogging, but it cannot be done overnight. Although miracles do happen but they are very rare, hence do not set too high expectations. There is no guarantee of success and if it happens, it will take reasonable amount of time to achieve it.
2. Set a goal.
Setting a goal to be a full time blogger is nice, but it is not specific enough. I have mentioned $100 as an example, for others it could be less or perhaps even more. Whatever it could be you need a concrete goal to work towards it and measure your progress towards it.
For me I want to go full time as a blogger when I reach $30,000 a year. This is what I would be earning if I am doing my current job full time. Setting up a definite goal may help you in a number of ways to make it a reality.
3. Breaks your goals into smaller goals which can be achieved easily.
$36,500 may sound like a big amount and believe me it is, especially if you are a new blogger. However, it is much easier to look at the same figure if you can break it down to small ones. For example:
$36,500 a year = $3,000 per month
$36,500 a year = $700 per week
$36,500 a year = $100 per day
$36,500 a year = $4.17 per hour
$36,500 a year = $0.069 per minute
The idea of the above presentation is to make you realize that a bigger goal is achievable if you break it down. Making $100 seems a bit easier than making $36,500 per year. The best way to look at you progress is on a daily basis. In this case our goal is to achieve $100 per day.
What can a blogger do in order to earn $100 a day?
There are many methods to earn money online, let us look at the most commonly used methods.
1. CPC Ads:
Let us assume that we have chosen PPC ads like Adsense and Bidvertiser to monetize our website. Assuming that average revenue per click is 5 cents you need 2000 clicks on your ads in order to make $100 a day. This may seem like a lot to achieve especially for newbloggers.
2. CPM Ads:
These are alternative to CPC ads. Let us assume that we get $2 per CPM for a single ad unit and we display five such ad units on our blog. This equates to an effective CPM of $10 and we need 10,000 daily page impressions in order to make $100.
3. Selling Ad spots yourselves:
You can sell ad spots on your blog directly to advertisers, thus you can save commissions on ad purchases and hence increase your revenue. To make $36,500 a year you need to sell ads worth $3000 per month. If you decide to rent 10 ad spots to advertisers on your blog, thus each advertiser has to pay $300 per moth to advertise on your blog.
4. Low commission Affiliate products.
Let us assume that you are promoting affiliate products from sites like amazon andebay.com and on an average you are earning 50 cents per sale. Thus in order to earn $100, you need to sell 200 products daily.
5. High commission affiliate products.
Let us assume that you are promoting products that fetch you high commission per sale. For example if you earn $10 per sale, then you need to sell only 10 products in order to make $100 per day.
6. Huge commission affiliate products.
There are some products that pay you commission on every sale made by an affiliate. For example promoting products like training courses or getting people to register for Forexaccount can earn you hundreds or thousands in commissions per sale. Let us assume that you make $500 per sale, then you need to sell only 6 of these to make $3,000 per month.
7. Selling your own e-book.
If you are an experienced blogger, then you can perhaps make money by promoting your own products. You can sell your own e-book from your blog. If you set the price of your e-book at $25, then you need to sell only four of these to make $100 per day.
8. Write sponsored posts.
This is one of the best ways to make money online. If you have large number of RSSsubscribers and a high page rank blog you can expect to make huge amount by writing sponsored posts on your blog. For example if you earn $ 75 per post, then you need to write 40 sponsored posts to make $3,000 per month.
9. Post jobs on job boards
This is one of the least used but effective methods to make money online. You can start a job board and employers looking to hire people will post jobs. You will get good commissions for every employee hired from your job board.
There are other methods to make money online besides the ones discussed above. It depends on the blogger to choose a model he can use to make profit from blogging.
Some of the figures mentioned above can be difficult to achieve for bloggers. Hence it is recommended to combine some methods in order to reach your goal. The more you diversify your income sources, better are the chances that you can achieve your goal easily and effectively.
Thus you may run 3 blocks of PPC ads on your site, sell your e-book, promote high commission memberships and promote amazon / ebay products. This cannot happen overnight, it is a difficult and time consuming jobs. Breaking your goal into smaller ones definitely helps you keep motivated and helps you understand how to reach your goal.
Do not quit your job until you have achieved your goal and amount earned from blogging is sufficient to justify quitting your full time day job.
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