Money Making Ideas

As we have already seen, blogs can make you money. If you pick a good subject and publish content to it regularly – monetizing it too as we found out in our previous entry on how to make money blogging – then you can make a nice income from it.

But although some people do indeed make a real full time (and very decent) income by keeping and maintaining a single blog, other people use the multiplication route to achieve success. This is arguably the easier way to do it, since getting one blog to reach the levels of success needed to really cash in can be very difficult.

Here’s how to do it.

You can make various amounts of money by writing a single blog, but for the purposes of this example let’s say you’ve created a good one that earns you $100 a month. If you create another nineteen of those then you’ve got a nice monthly income of $2000.

That’s how the multiplication idea works. Build as many blogs as you can and multiply your earnings quickly and easily. When you get into this kind of area you’re looking at blogging as a business rather than as a hobby, and while you might be able to set up and keep on top of maybe ten blogs, any more than that will start to take up too much of your time. Imagine having five hundred blogs that all need regular work on them – you wouldn’t stand a chance.

What you need to do if you want to earn money via this route is to set up a system where you get staff writers on board to write some of the blogs for you. This will effectively automate your content and leaves more time for you to build more new blogs. There are several good bidding sites online where you can post a request for writers, and while it will obviously cost you money to pay each one for each post, the money you will earn from each regularly updated blog that gets a good income will be more than adequate to pay each writer and leave a nice profit for you too.

The best way to establish yourself as a pro-blogger in this way is to concentrate on setting up one blog at a time and making a really good job of it before moving on to the next one. If you try and set up any more than this in one hit you stand more chance of making a less than satisfactory job of it. Always make quality your number one priority.

If you want even less work then you can also consider offering blogs to other people to maintain themselves as a sub-domain on your site. You can split a portion of the advertising revenues with your bloggers to give them an incentive for joining, and the rest will be pure profit for you. Bear in mind you will still need to pay hosting fees though.

The first option does give you more control over the subject of your blogs however; if you have done your research and you know what subjects are going to be very popular and attract more traffic and revenue for you, this could be the better way to go. It all depends on how much time you have to spare to set everything up in the first place.

So you see while many people think of blogging as something you can do in your spare time and possibly earn a bit of cash with as well, if you go about it in the right way it can provide you with a great alternative to getting a proper job for a living!

If it sounds appealing to you, start thinking of your first half dozen blog ideas now. But be sure to leave us a comment first!