Wednesday, August 20, 2008

How to Make Money on the Internet - Blogging

The internet is full of ways to make money and there are a lot of different approaches you can take to make money on the internet. Let me introduce you to blogging - more specifically let me explain to you how people make money on the internet with this fairly new method (think back 5 years, not 5 months).

What Exactly Is Blogging Anyway?

According to Wikipedia:

A blog is a user-generated website where entries are made in journal style and displayed in a reverse chronological order.

In plainer English, a blog is a website that shows the newest entries at the beginning, usually on the homepage. This website is a blog, and for that reason you will always find my newest writing on the homepage, at the top. As you scroll down, you will find the other entries I have written, newest to oldest.

What Are Blogs About?

There are blogs about everything! This blog teaches people how to make money on the internet. There are blogs about sports, news, fitness, cooking, humor, teaching, parenting, celebrities, and everything else you can imagine.

Blogs are a great format for news sites. Since blogs show the newest entries first, readers can easily find the most recent news stories. Bloggers (those who blog) post news about every industry, and provide their own opinions on the subject matter.

When blogs first started, they were created primarily to be online journals, but have now evolved into websites about anything and everything.

How To People Make Money Blogging?

The simple answer to that question is that blogs get traffic and convert it into money. Getting traffic is very possible with a blog, in fact it’s much easier to get traffic to a blog than it is to get traffic on traditional websites. I’ve created an entire series of posts on why blogs are the easiest way to get traffic and covert it into money. The method is called ‘Keyword Sniping’. In a nutshell, Keyword Sniping is the fastest and most direct way for people to pull search engine traffic to their websites and create a steady, low maintenance income.

Because of the immense popularity of the Keyword Sniping posts, I’ve created a free, downloadable report called “Introduction to Keyword Sniping: Your Shortest Path to $1,000 Per Month Online” that breaks down the entire philosophy. You can grab your copy of the book by filling out the easy form below (obviously I’ll never share or sell your information - it’s completely safe with me). The report will take you through all the steps for getting your first Keyword Sniper sites off the ground.


First Name:
Email:

Blogs can develop quite a following by people interested in the blog’s industry. Popular blogs can get thousands of hits per day. Gizmodo, Engadget, and Perez Hilton are three mega popular blogs which all get hundreds of thousands of visitors per day.

The traffic of most blogs is converted to money through advertising. That probably sounds difficult to you if you’re new, but it’s actually really easy. The primary revenue streams of most blogs are:

  • Ad-Boxes
    • Google Adsense - Anyone can sign up for this service and it’s 100% free to use. Google will display ads on your blog and pay you when they get clicked on. This is by far the easiest way to make money with your blog. If you look closely at my pages you will find ad units labeled ‘Ads by Google’.
    • Yahoo! Publishing - Yahoo’s version of Adsense. Yahoo’s version is also free to use.
  • Contextual Ads - These are ads that are displayed throughout the text of your blog. If you look closely through my pages you will see links that are double underlined. These are actually ads and if you hover over them, a little ad-box will pop up. The contextual ad company will pay for clicks on the links or the ad-box.
    • Intelitxt - The first major company to offer this type of advertising. It’s quite difficult to get an account with them unless you have over 500,000 hits per month.
    • Kontera - Another player in the contextual ad game. Kontera is easier to sign up for when you’re still small.
  • Affiliate Programs - Many bloggers sell products and services for other sites and receive appropriate commissions. There are tons of sites out there that offer free, affiliate programs including:
  • Text Links - Bloggers can sell links from there pages to other websites. Most bloggers that use this kind of revenue stream use a company called text-link-ads.com. Their service is free to use and their company will sell the ads for you. The sites that purchase them pay monthly, and you get paid monthly.
  • Direct Sales - Some bloggers sell their own products and services.

How Much Can A Person Make Blogging?

That’s really tough question to answer. Some blogs create $500,000 per year and some make $0. The amount a person can make with a blog depend on a lot of factors including:

  • Blogger’s Knowledge and Experience
  • Quality and Quantity of Blog’s Information
  • Marketing
  • Determination
  • Longevity
  • Luck (This isn’t a joke but it is of course possible to create luck.)

I think that it’s very possible to create an income in the high five and even six figures for individuals that posses the right talent and determination. If you are thinking about becoming a blogger, you should visit this article: Making Money Online - Is This Business For You?

In my opinion, blogging is the easiest of all the methods of making money online, at least for beginners. It is also a stepping stone for those wishing to move onto more difficult online, money-making methods. If you’re interested in starting a blog, you should read this: 5263 Words On Starting A Profitable Blog. It provides the basics of getting a blog set up to make money on the internet.

Making Money On The Internet Rules
Update: It has now been almost four years that I have been making money on the internet and I can tell you that it’s probably the funnest way to make money ever. I have to say that I freaking love it!

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