Is Your Blog Making Enough Money?

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• Google Adsense pays an average of $0.70 to $1 per CPM. Which means for every 1000 page views your blog receives, you’ll be paid $1. If you manage to attract 10,000 hits to your website, you’ll earn a whoopin $10!

• If you promote affiliate programs through your blog, here are the average statistics. For every 10,000 people that visit your blog, you’ll manage to send 100 people to the affiliate link through banner and text ads. Out of the 100, 1-2 people will end up buying. If you get paid $20 per sale, your earnings will be $40 on every 10,000 hits!

Not exactly numbers you can retire on - is it?

This is the reason 90% of the bloggers don’t make it big. They only focus on ad and affiliate revenue. Blog ads are good only to fill your blog up and earn some chump change. But if you really want to convert your blog into a full time income, you’ve got to:

1. Make your blog just the front-end. The entrance. The gate through which people can enter and come to know you.
2. Then develop your own products and sell them through your blog to earn the real money.

Two Types of Products You Can Create With Ease If You Can Blog

1. Reports. If you can blog, you can write a report too. Write a super article or a report - 10-12 pages long on one sub-topic. And sell it for $10. On average, 1 out of every 100 visitors will buy it. If you attract 10,000 visitors, your earnings will be $1000.

2. E-Courses. Teach people through email. If you can blog, you can write for email courses too. People will pay $100 to $500 for 4-6 week e-courses. Attract a 10,000 people and you may well earn $5,000 with your e-course (if 10 people enroll).

(If you use WordPress to blog, you can install the “Buy Me a Beer” plugin. When people buy you a beer via PayPal, you will know which post they liked. You can then create a report or an e-course on that sub-topic. If people will donate $3 after reading a blog post, they will pay $10 for a more detailed report too.)

Action Summary:

• Don’t rely on ads to make you a full time income from your blog.
• Instead, focus on creating back end products that you can sell on your own for a lot more money.

If you liked this post, buy me a beer. (Suggested: $3 a beer or $7.5 for a pitcher)

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Posted by Ankesh Kothari under Making Money on 23 May 2007

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