3 Strategies to $100K [Three Bloggers Reveal Everything] | Summary and Q&A

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April 30, 2018
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Let's Talk Money! with Joseph Hogue, CFA
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3 Strategies to $100K [Three Bloggers Reveal Everything]

TL;DR

Learn how bloggers make money through different income sources, including affiliates, sponsored posts, and self-publishing, and discover a four-step strategy for making money blogging.

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Key Insights

  • 🤑 Bloggers can make money regardless of the amount of traffic they have, as even one visitor can generate income.
  • 🤳 Affiliates, sponsored posts, and self-publishing are lucrative income sources for bloggers.
  • 🤑 Having a monetization strategy from the beginning, learning different income sources, blending affiliate marketing and self-publishing, and implementing SEO are essential for making money through blogging.
  • ℹ️ Beginner bloggers can also consider freelancing as an additional income source.
  • 🏣 Planning and scheduling review posts and comparison articles can boost affiliate income.
  • 🏣 Knowledge of a post's value is crucial for maximizing earnings from sponsored posts.
  • 🤳 Self-publishing is a natural fit for bloggers and can be a significant source of passive income.

Transcript

are you not making as much money as you'd like on your blog would you rather work from home than that 9:00 to 5:00 you hate today I'm going to show you how much bloggers make and the blogging income sources they use we'll look at actual examples of successful bloggers making six figures a year and a four step process you can use to make money blogg... Read More

Questions & Answers

Q: How much traffic do I need to make money blogging?

The video highlights that even a single visitor can generate income. While it may not make you rich, earning even a small amount motivates you to continue and grow your blog over time.

Q: What are the most profitable income sources for bloggers?

According to the 2018 blogger survey mentioned, three of the most popular and profitable income sources are affiliate marketing, sponsored posts, and self-publishing. These sources allow bloggers to earn consistent income through commissions, fees for publishing articles, and book sales.

Q: How can bloggers make money through affiliate marketing?

Bloggers can make money through affiliate marketing by including affiliate links in their content. Whenever a reader clicks on the link and makes a purchase, the blogger earns a commission. They can focus on review posts that highlight a particular product or create comparison articles to give readers choices.

Q: What is the key to making money through sponsored posts?

The key to making money through sponsored posts is knowing the worth of a post on your blog. Even new bloggers should charge a minimum of $100 for a post, and the price should increase annually. A guide on sponsored posts for bloggers is available to provide more information.

Q: How can bloggers generate passive income through self-publishing?

Self-publishing is an ideal source of passive income for bloggers. By selling books on platforms like Amazon, bloggers can earn a monthly income. Any size blog can make money with self-publishing, and there are resources and guides available on the topic.

Summary & Key Takeaways

  • The video discusses the misconception that a blog needs a large amount of traffic to make money, emphasizing that even one visitor can generate income. The average blogger makes $1,500 on 13,000 monthly visitors.

  • Three popular income sources for bloggers are affiliate marketing, sponsored posts, and self-publishing. Affiliate marketing involves promoting products and earning commissions from sales. Sponsored posts involve publishing articles with backlinks for a fee. Self-publishing involves selling books on platforms like Amazon.

  • The four-step strategy for making money blogging includes having a monetization strategy from the beginning, learning the different ways bloggers make money, blending affiliate marketing and self-publishing into content creation, and implementing search engine optimization (SEO).

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