Revealing the Biggest Lies in Blogging | Make Money Online | Summary and Q&A

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January 23, 2018
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Let's Talk Money! with Joseph Hogue, CFA
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Revealing the Biggest Lies in Blogging | Make Money Online

TL;DR

Blogging is not a quick and easy way to make passive income; it requires hard work, dedication, and a solid understanding of the business side of blogging.

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Key Insights

  • πŸ‘Ά Blogging is a thriving industry, with millions of new websites created each year, but most of them fail within the first six months.
  • πŸ‘¨β€πŸ’Ό Making money from blogging requires hard work, dedication, and a solid understanding of the business and marketing aspects of blogging.
  • πŸ₯‘ Building a successful blog takes time and consistent effort; it is not a quick path to passive income.
  • πŸ€ͺ It is crucial to find a niche that you are passionate about and have experience in, as this will motivate you to keep going even during the initial stages when money may not be coming in.
  • πŸ‘¨β€πŸ’Ό Learning the business side of blogging, including marketing, finance, and research, is essential for long-term success.
  • πŸ€‘ Monetizing your blog from the beginning, even if it's just making a small amount of money, will help you stay motivated and focused on building a sustainable income.
  • πŸ“Ÿ Search engine optimization (SEO) is a crucial aspect of blogging that many bloggers overlook. Mastering both on-page and off-page SEO techniques can significantly impact the success and visibility of your blog.

Transcript

how many times have you gone to a website expecting to find investing advice or recipes or anything only to find a long list of articles on how to be a blogger articles promising a six-figure income overnight and passive income just by starting a website now there's big money in blogging I make more on my 5 sites than I ever did at a nine-to-five j... Read More

Questions & Answers

Q: Is it true that 95% of new websites stop updating before they reach six months old?

Yes, it is a true statistic. The allure of passive income and unrealistic expectations often lead new bloggers to give up on their websites before they start seeing significant results.

Q: Can you really make a good living from blogging?

Yes, it is possible to make a good living from blogging, but it requires hard work, dedication, and a deep understanding of the business side of blogging. It takes time to build a successful blog and start earning a substantial income.

Q: Is it necessary to wait a year or two before focusing on monetizing the blog?

No, waiting for traffic and a following before monetizing your blog is a common misconception. It is crucial to actively seek out ways to monetize your blog from the beginning, even if it means starting small. This will help you stay motivated and work towards long-term success.

Q: What is search engine optimization (SEO), and why is it important for bloggers?

SEO is the process of optimizing your website to rank higher in search engine results. It involves both on-page and off-page strategies, such as writing SEO-friendly articles and building backlinks. SEO is essential for driving organic traffic to your blog and increasing your chances of making money.

Summary & Key Takeaways

  • Blogging is a lucrative business with over 300 million new websites created every year, but it is not a guaranteed path to passive income.

  • Many bloggers promote the idea of making a six-figure income with minimal effort, leading to unrealistic expectations for new bloggers.

  • The reality is that blogging takes time, patience, and a commitment to constantly learning and growing.

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