Starting and monetizing a blog has never been easier than it is today.
Not long ago, creating a website cost thousands, if not tens of thousands of dollars to set up and maintain. Monetizing a website was just as difficult. PayPal was in its infancy, Stripe didn’t exist, and email marketing wasn’t as flexible as it is now.
But today, you can start, maintain, and monetize a WordPress blog for as little as a few hundred dollars (this can vary depending on your needs). But just because it's easier to make money from your blog now, doesn't mean that most people do.
According to ConvertKit’s 2017 State of Blogging report , professional bloggers reported an average income of $138,064 last year, while hobbyist bloggers (who made up 86% of those surveyed) made just $9,497.
This is terrible, especially when you consider that most bloggers start a blog to be their own boss and quit their 8 to 5 job.
Why did you start your blog?
Why did you start your blog? (image source: ConvertKit )
So how do you go from being a hobby blogger to being one of the pros making six figures a year?
Well, you need a solid marketing plan , this includes chile phone number data content, a profitable niche , and a good monetization strategy.
You also need to do quick sums.
When Should You Start Monetizing Your Blog?
There is no concrete number on how much traffic or how big your email list should be to start making money from your blog because it all depends on what you sell and how you sell it.
(Suggested reading: How Much Is My Website Worth? and 77 Proven Tactics to Drive Traffic to Your Website ).
However, having two things ready at the beginning will help a lot:
Get steady traffic . You don't need tens of thousands of visitors, but at least a few thousand visitors a month means you're doing something right.
Grow your email list . Again, you don't have to focus on anything too far-fetched. I'll show you some examples of people who had a small email list but still used it to their advantage.
Now these two things are important, but primarily, efficient monetization of your blog is in the numbers.
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