So you’ve decided to pursue an online career. Congrats! Now comes the hard part: how much money can you really make? Is there an “online millionaire maker” recipe that you can follow, or are you bound to fail? Let’s take a look.
Before heading into the juicy stuff, let’s cover the basics. First off, you need to decide how much you’re willing to spend. There are several options here. You can opt for the super cheap route and use free blogging platforms like Blogger or Tumblr. Alternatively, you can go premium and pay for a decent web host with plenty of features.
The second thing you need to think about is your niche. What will you specialize in? Will you be creating lifestyle blogs on fashion, beauty, or food? Each of these areas have their own unique set of guidelines and rules you need to follow in order to become an established expert in your chosen field. For instance, if you decide to go with fashion blogging, you’ll need to learn the lingo, how to curate a capsule wardrobe, and how to drive traffic to your blog.
If your answer to any of these questions is “I don’t know,” you might want to reexamine your choice to pursue an online career in the first place. It’s not that all these tasks are difficult – it’s just that they’re not easy to do and require a lot of effort. On the other hand, if you feel that you’re up for the challenge, read on.
The Good, The Bad, And The Ugly
Now that we’ve covered the basics, let’s take a look at the good, the bad, and the ugly of online entrepreneurship. First off, the good. There are countless opportunities for you to make money online. All you have to do is set up a blog for free on a platform like WordPress or Blogger, and you’re good to go. There are even paid blogging opportunities if you’re looking for extra cash flow.
The bad. Ah, the bad. Let’s be honest here. There are a lot of downsides to going online. Sure, you have an unlimited pool of potential readers that you can reach with the click of a button. But, you also have an unlimited amount of competition. If you’re looking to make money online, you’ll need to learn to work hard and learn to be creative in order to stand out from the crowd. Otherwise, you’re just another faceless voice in the digital wilderness.
The ugly. Finally, the ugly. No, not the WordPress UI, but rather the ugly that comes with trying to make money online. It’s not pretty. You’ll have to learn to be an SEO ninja (search-engine optimization ninja), learn to hustle, and learn to promote yourself. The truth is, if you want to succeed as an online entrepreneur, you have to be ready to put in the work. There are no shortcuts.
The Law Of The Land
While we’re on the subject of money, let’s talk about the law of the land. Is there such a thing? You bet there is. Sometimes it helps to know the boundaries and how far your legally allowed to go. For example, if you want to become a digital nomad and blog your heart out, you might want to consider whether or not you should incorporate. Incorporating means that you’re an independent business entity and you’re entitled to all the same protections and benefits as any other business. On the other hand, if you want to keep your residential status, you might want to avoid incorporating altogether.
There are so many different scenarios you could find yourself in when it comes to the law of the land. If you want to make money online but you’re not sure how much liability you’re willing to take on, start by answering a few simple questions: Do you want to incorporate or do you want to keep your residential status? What’s your annual income and what’s your preferred working environment? These three questions will help you find the right legal solution for your situation.
Starting A Blog With No Money
Okay, now that we’ve established how much money you can make online and the fact that it’s not easy – or rather, not easy *and* legal – let’s talk about how to actually make money blogging. You can’t simply go and set up a blog, make a few contentions, and expect to make a living. It doesn’t work that way. You have to put in the time and you have to put in the effort. But first, let’s talk about what you’ll need in order to start a blog.
You’ll need a domain name – something that will be unique to your blog. Make sure to register it with a reputable registrar like GoDaddy or Bluehost. Also, you’ll need a blog platform. While WordPress is the most popular content management system out there, and with good reason, it’s not the only game in town. If you’re looking to make money from a fashion blog, you might want to check out Blogger. For SEO and digital marketing enthusiasts, you could choose to use Google’s platform. In order to write content for your blog, you’ll need a content creation tool such as Hootsuite or Wattpad. Finally, you’ll need a place to write the content – either a notebook computer or a digital device. Remember, in order to be considered an expert in your chosen field, you’ll need to actively publish content at least once a week.
As for the name of your blog, you can use your initials or you can go with a simple pseudonym. Either way, make sure to choose something that will not be easily confused with that of a well-known brand. Now, let’s talk about how much you should charge for writing a blog post. This is a tricky one. On the one hand, you don’t want to overcharge for the content you produce because, well, you’ll end up losing a potentially lucrative customer. On the other hand, you don’t want to undercharge because then you’ll never be able to make enough money to live your glamorous lifestyle.
According to the experts, an ideal price range for a blog post is between $500 and $1,500. If you’re looking to make a quick buck, you can go the cheap route and use free blogging platforms like Blogger or Tumblr. Alternatively, you can pay for a basic blog on a platform like WordPress. Don’t get fooled by the nominal price of a WordPress template; the platform itself can cost you as much as $15 a month. So, if you’re looking to break even after you’ve paid for the blog platform and domain name, you’ll need to charge at least $600 for a single blog post. This price point will make you a little less susceptible to price fluctuations; something to consider if you decide to charge more or less than the suggested rate.
The Final Takeaway
To wrap up, I want to impress upon you the following: making money online is within your reach. You just need to know how to get started and follow the right path. But you also need to be realistic about your expectations. There are no shortcuts. You have to put in the work and learn from the mistakes of others. With hard work and proper planning, you’re sure to succeed. Good luck out there.