Blogging has become an increasingly popular way of making money, or at least trying to make money. People can now easily create their own blogs and monetize them. However, when it comes to making money through blogging it’s important to take a step back and analyze if this is the right approach for you. Here are some reasons why you should stop trying to become a millionaire with a blog, because it probably is not going to happen.
If you’re trying to make money with a blog it’s important to remember that your content needs to be of a high quality so as to engage and retain readers. If you don’t produce quality content then people won’t be interested in reading your blog and thus you won’t get the expected monetary rewards.
Creating and maintaining a blog can be a time consuming task. You need to dedicate a lot of time to research topics, plan posts, write them, edit them, promote them, engage with readers and so on. All of this takes time and if you’re running a 9 to 5 job then it can be difficult to manage both.
While there are ways for you to set up a blog for free, if you’re serious about monetizing your blog then you have to invest in a paid domain and a top notch web hosting plan. You may also have to invest in other tools such as SEO content writing services, image editing software, email marketing services, etc. So while blogging can be an easy and free way to make money it can also become quite expensive in the long run. The days of throwing up basic content on a free server are over.
When it comes to monetizing a blog, the income you receive can be highly unpredictable. You may experience times of high profitability and times of drought and there’s no guarantee that the money you make will be consistent. This is particularly true in the modern age when Google is constantly doing updates. Unless you have a website that has been on the net for 20 years, you can be knocked out at any time.
Too Much Competition
The main issue with trying to monetize a blog is the amount of competition out there. If a particular niche is saturated with bloggers then it’s unlikely that you’ll be able to stand out and make a substantial amount of money.
All in all, while blogging can be a great way to make money it’s important to understand that it’s not a guarantee. You need to be willing to invest a lot of time and money into it and you may still not receive the rewards you expect. So if you’re looking for an easy and guaranteed way to make money then you should consider alternatives such as freelancing, affiliate marketing and starting a brick and mortar business.