Showing posts with label advertising. Show all posts
Showing posts with label advertising. Show all posts

Saturday, 26 May 2018

How Much Blog Traffic Do You Need to Make Money?

Note: Post may contain affiliate links.

How Much Blog Traffic Do You Need to Make Money?

You don’t need millions of blog visitors to make money blogging but you do need a plan

One reader asked recently, “How much blog traffic do you need to start making money blogging?”
It’s a question I get often, usually something to do with how long until a blog starts making money or how many monthly visitors a blog needs to make a few thousand.
The answer I usually give…if you’ve got one visitor to your blog, you can make money.
Sure, you probably aren’t going to be making thousands a month on a new blog with just a few hundred visitors but you can make money.
I made over $26,000 blogging in the last six months and that was nearly double the amount I made in the previous six months…and on just two years of blogging. It’s all about understanding how to make money with the traffic you have and putting a plan together for multiple income sources.
We’ll first look at some of these income sources and how much a few of my blogger friends are making each month. We’ll then dive into the different income sources and a plan you can use to start making money whether you get one visitor or thousands.
make money bookJust published, the ultimate resource for making money blogging. This 178-page guide details nine income sources bloggers are using to make money. It starts with the easiest and quickest sources to make money on new blogs before giving you everything you need to make six figures blogging. Each chapter tells you how much you can make from each source and how to get started.

How Much Do Bloggers Make on Their Blog Traffic?

I thought I would start by sharing three bloggers’ income reports along with my own to show that you really can make money blogging. The income sources and blog traffic differ for each blogger but all have found a way to turn their online property into financial independence!
Check out the results from our blogger survey as well. More than a hundred bloggers shared how much money they make, how much traffic they get and their best income sources.
Lena of What Mommy Does shares very detailed income reports on her blog, sharing both income sources and how much monthly traffic she gets on the site. She made over $9,000 in February from four income sources; advertising, sponsored posts, affiliates and an ebook.
how much money can you make from a blog
Lena gets a mountain of traffic, around 350,000 page views a month, and is able to make money on passive income sources like advertising and affiliates. Her monthly blogging income works out to about $25 per 1,000 page views (a common measure of blog revenue is RPM or revenue per thousand page views).
Lena didn’t start with hundreds of thousands of visitors. January 2015 started with less than 20,000 visitors a month and she’s worked hard to build blog traffic but the point is that you can make money with any size blog.
Kayla Sloan just started her blog in 2014 and has only been a full-time blogger since mid-2015 but is regularly booking over $10k a month.
Kayla provides a great example of how bloggers can make money freelancing while they build their blog to higher traffic and more money. She made over $11,000 in December 2016 with $3,115 of that from advertising and other revenue from her own blog.
That’s the most common ‘career path’ for most bloggers, juggling freelancing projects to supplement blogging income as your site grows. You’ll learn a lot in your first few months blogging and that experience is worth big money online.
Kayla averages about 7,000 page views a month and makes one of the highest incomes per page views I’ve seen. She’s done a great job of using what she has learned blogging to turn it into financial freedom.
Carrie Smith Nicholson of Careful Cents made $20,335 in the last three months of 2015, finishing up on a hugely successful year after committing to treat her blog like a business.
In the past, Carrie focused almost exclusively on freelance writing. She did well but knew the long-game in blogging income was in her own products and money from her own blog traffic. She set a goal to make 40% of total income from her own blog…and then blew through that goal!
how much do bloggers make a year
As for my blogging income, I started two blogs November 2014 and have since added four more and built them to just over 50,000 page views. Last month (January 2017) was my best month yet, making $6,289 from five income sources.
how much do you make blogging
Before you get too excited about making thousands a month blogging, understand that it is a business and you have to build that income over time. I didn’t make any money my first five months of blogging, instead focusing on getting my plan together and learning how to make money blogging.
When the money did start coming in, it still wasn’t thousands a month but it did build quickly. The graph below shows my monthly income (blue bars) and page views.
blog traffic needed to make money
I started out making about $0.013 per page view ($13 RPM) on Adsense advertising and one self-published book. I didn’t have much blog traffic but it was growing steadily.
Ten months into blogging, I started adding affiliates and income jumped to $0.069 per page view. After adding a couple more books, income increased to around $0.10 per page view which is where it has averaged over the last year.

How Much Money do you Earn from Adsense?

Google Adsense is one of the most popular ways to make money blogging because it is one of the easiest to implement. It’s the first income source for most bloggers but it’s really hard to make a lot of money advertising without a lot of blog traffic.
I’ve never focused much on Adsense, removing most of the advertising boxes on the blogs in favor of affiliates and my own products. I average just $0.008 per page view from Adsense each month.
The problem is the amount advertisers pay Google per click and the amount you get for ads on your website. Google ad rates have been going down for years, especially since Facebook ads started to draw a lot of interest. Google takes about 40% of the money and you get 60% of the cost per click charged to advertisers.
Some topics make more money from Adsense because advertisers pay more per click. Blogs about loans, finance and insurance will see higher rates on ads but you’ll still probably only get a couple of bucks per click.
When you consider that only a small fraction of blog visitors are going to click on an ad, less than one in 100 visitors, you need hundreds of thousands of visitors to make much money.
Making just $0.008 per page view, you would need about 12.5 million page views to make $100,000 from Adsense!
You can increase your advertising income by joining ad networks, many of which pay much higher rates than Adsense. I’ve heard of bloggers making an RPM as high as $36 or $0.036 per page view but this is usually on premium ad networks that require 100,000+ in monthly blog traffic.

How Much Do Blogs Earn from Affiliates?

So real blogging income isn’t usually coming from Adsense or other pay-per-click (PPC) advertising.
how much blog traffic to start making moneyThe best source of income for most new bloggers is going to be from affiliates. Affiliates are just like PPC advertising but you only get paid if a visitor clicks through the ad and makes a purchase.
The upside is that affiliates pay much more per sale, upwards of $150 on each sale.
I made $462 the first money I had affiliates on my blogs and was making over $1,000 by the fourth month. That wasn’t on huge waves of blog traffic either. My two blogs at the time were seeing less than 20,000 page views a month.
Now I make an average of $2,000 a month and about $0.047 per page view ($47 RPM) though I’ve recently added a couple of affiliates that are doing really well.
You will want to join a few different affiliate networks to get access to all the affiliates that will work for your blog. You can sign up for as many affiliate programs as you like but most bloggers find that they make most of their money on just a few that really fit with the blog topic and readers.
Most likely these standout affiliates will be products or services that you use and that serve a special need for your readers. Of the $23,700 I’ve made on 35 affiliates in two years, most of that (90%) came from just seven affiliates.

How Much do Bloggers Make on Other Income Sources?

I’ve made over $20k on self-publishing and am always amazed that more bloggers are not publishing books. Self-publishing gives you more platforms to sell your products, i.e. Amazon and Audible, so you’re not just relying on monthly blog traffic.
I make about 50 sales of books from monthly blog visitors but sell over 500 copies on Amazon websites. That makes it difficult to put an income per page view number on the source because sales aren’t really dependent on how many people visit the blogs.
Self-publishing is a natural fit for bloggers. You’re already creating the content…why not put it in a book!
It will take longer to make money on sponsored posts but it’s an income source you don’t want to miss. I’ve averaged just over $500 a month over last six months but this is one source where traffic really does matter. Sponsors aren’t going to be interested in paying you for a post if less than 10,000 people visit your blog each month.
Once you do build some good blog traffic, you’ll be able to charge premium prices for posts. Lena’s income from sponsored posts was on just four campaigns, almost $300 per sponsored post.

A Beginner Blogger’s Strategy to Make Money with No Blog Traffic

Every successful blog started with just one visitor. You can make money with almost no blog traffic but you need a plan.
From running six websites, I’ve learned that no two blogs make money the same way. You need to try out different income sources to see which work best for your blog and then build a strategy around at least three sources.
  • Don’t wait for blog traffic to start making money. Have a product plan from Day 1.
  • Learn the different ways bloggers make money and build multiple income sources.
  • Blend your affiliate marketing and self-publishing into your content strategy.
  • Develop a plan for increasing traffic that includes Google SEO.
Reading about the different blogging income sources, how much you can make on each and what it takes to be successful, will give you an idea of which you prefer. You should be building this into your blogging strategy the very first day. Find the affiliates for your blog topic and put a few Adsense boxes on your website.
Outline an idea for a book related to your topic and then use your blogging schedule to write one chapter a week. This will make blogging and self-publishing seamless and you’ll just need to reformat your content before publishing.
While you can make money with almost no blog traffic…getting more visitors doesn’t hurt. You’ll see your monthly traffic increase just by publishing consistently but real increases come from a strategy to rank your blog on Google.
google seo bookI get over half of my blog traffic from Google search and it accounts for almost all of my affiliate income. That didn’t happen by coincidence but through a process I developed to get my most important posts ranked on the world’s largest search engine. It’s something too many bloggers neglect and one of the best ways you can increase your traffic.
Get this secret process to rank your blog on Google and boost your traffic. Get Google SEO for Bloggers on Amazon Kindle, paperback or audiobook.
Look at the graph of my blogging income or at any blogger’s income report and it’s obvious that making money blogging takes time. You don’t need a lot of page views to make money but you do need a plan and a little patience. Blog traffic and income builds slowly but it does happen.

Tuesday, 17 April 2018

Facebook for business

Free stock photo of internet, scrabble, website, letters
Through what other media channel can your business reach over 1 billion people, target exactly the demographic you wish and have direct communication with your customers?
This is why any business – big or small – should consider advertising on Facebook. It’s a great opportunity for a company to make online sales, get a following around the brand, create a platform where customers can discuss the products and, when done successfully, let people spread the word about your qualities.
Like experienced Facebook advertiser Freddie Jansson said in the interview about how to succeed in business advertising on Facebook:
“A large part of companies’ potential customers are there. Therefore, in my opinion, all companies should have a Facebook page where they can interact with their customers ... No other advertising channel, at least where you can communicate, can compete with those numbers.”

Online Sales vs. Attracting Likes

When creating a Facebook business strategy, it’s important to think through what you want to achieve. Is your goal to make ads and drive traffic to your website – perhaps a web shop where visitors can make a purchase – or do you want to drive traffic to a Facebook fan page where visitors can “like” what you do?
Many businesses benefit from both, so perhaps a combination is the best choice. Just make sure your primary reasons for being on Facebook is clear before you start working.

Online Sales

This is a straightforward way to advertise your business on Facebook. You make traditional external-website ads and when someone clicks through, he or she is directed to your web page where a purchase or sign-up can be made.
This way of using Facebook for business advertising has proven to be very successful for countless of companies. And when you do it, you’ll get the results right away. Just compare how much you spend on Facebook ads to the revenue and you’ll know whether or not you need to tweak your campaign in any way.
However, when doing external-website ads you may miss out on the social aspects Facebook is made up of.
Don’t forget that “liking things” is the backbone of this entire network.

Attracting Likes

Businesses may see better results – even when advertising a product or service – by first sending visitors to a fan page where they have to like the page to see the offer. After that, they can click out to the web page to make a purchase.
By doing your advertising in these three steps, you can combine brand making with sales.


However, a lot of businesses’ main reason for being of Facebook is just to get a fan base and not to make online sales. It might be a physical shop, say, a restaurant, a clothing store or any company that’s on Facebook primarily to raise brand awareness. 
In that case, ads directly to the website might not be the best choice. Instead you want people to like your Facebook fan page where you can talk to them, run contests, arrange polls or other activities your customers want to engage in.
The goal is to have active fans that spread the word about you to their friends, which in the end can be profitable for any business. 

Facebook Marketing for Small Businesses

But who benefits the most from Facebook marketing? 
On the contrary to what many believe, online-business marketing on Facebook benefits small, traditional retailers the most.
Small businesses offer unique products or services to a smaller range of customers and Facebook provides an excellent opportunity to reach the exact target audience with a personal approach.
To succeed in small-business marketing on Facebook you don’t need to run a modern IT company. One benefit with Internet marketing for small business is that it allows you to compete with larger corporations.
If you offer a niche product or service, you might even have a competitive advantage. A large business will not have time to focus in depth on a single niche.

Using Qwaya for Business Advertising

Facebook allows you to find, define and understand the demographics for your product. When you know who your customers are, you’re able to provide the right audience with the right product or service.
Qwaya offers a powerful tool to use in small-business marketing on Facebook whether your goal is to drive traffic to a web site or to advertise your fan page. Create ads in a user-friendly interface, have a clear overview of the costs and get reports of your advertising results.
We also provide a user guide to use when setting up Facebook campaigns together with a live-chat service you can contact whatever trouble you have when creating or publishing ads.
For a small and mid-sized business with a tight advertising budget, Qwaya is a valuable tool.
Qwaya has helped many companies improve their Facebook business. A good case example is our work with Beauty Planet, a Swedish online cosmetics retailer:
Beauty Planet has seen a significant increase in order volume since launching its Facebook Ad campaign.
“It has given us additional revenue – additional sales.” Beauty Planet CEO and founder Björn Andres explains.
“It’s an efficient channel because we’re able to target our ads to the people who convert at the highest rates. I get better return on my investment and at the same time we strengthen our brand value.”
Test the tool for free to make sure it fits your needs. Once you decide to use it more extensively, we have a low, flat fee per month. Check out our pricing plans.

Friday, 16 March 2018

How to become your own boss

Ever wanted to swap the day job for running your own business? It is more achievable than we think, says entrepreneur and founder of Innocent Drinks Richard Reed.
"If you have ever organised a wedding or a holiday for a group of friends you have got what it takes to set up a business," says Reed, who founded his company in 1998 with two friends from Cambridge University.
"It's just about getting a group of people to do a certain number of tasks in a certain amount of time for a certain amount of money. It's like organising a wedding without having to have arguments with the in-laws about what colour the serviettes are."
Reed has been looking for the next generation of start-up businesses to invest in and says that many people with aspirations to run their own company often over-exaggerate the risks involved and under-estimate the potential upside. So what are some of Reed's tips for budding entrepreneurs?

Get the idea right and work with a team

"It is about the idea, your commitment to the idea and your ability to execute that idea," says Reed.
The product or idea is fundamental as it is this that investors will have to believe in if they are going to part with their money. However they will also look at whether the team behind the idea have the skills to deliver it.


Light bulb

"I always say to people who are thinking about setting up a business, why not think about building the team from the beginning," says Reed. "We now invest in businesses and we are much more nervous about businesses which are a single person entity… because somebody needs to be thinking about the finances, someone has got be thinking about the marketing, someone has got to be thinking about the selling.
"You need all those things for the business to work and it's very rare to find someone who is as good financially as they are creatively, or as good selling."
Reed says you can try and find this "band of brothers" on social media sites or by advertising. But for those do want to do it all on their own...
"Work out what skills are needed for you to be able to execute your business well and make sure that you've got those skills. If you don't, make sure you find someone that does. It's like a jigsaw puzzle, you've got to see the bigger picture. What are all the pieces that I need to make sure this business will work, which ones can I cover, which ones do I need someone else to cover."

Be creative about funding

To kick start the business you will need seed capital, or an initial injection of money. Then once the idea is up and running, it is time to seek further investment to grow the business.
"You can try the banks and I think there are more options available to people these days. The government has done quite a lot to make start-up funds available to small businesses, but we got turned down by 20 banks in a row," says Reed who stresses the resilience you need as an entrepreneur when approaching potential investors.



"If you've got a good idea, you are committed enough to it and you are prepared to keep going, you will find someone that does believe in it."
There are also ways of structuring a business without securing the initial funding, says Reed. Some people sell their product to the consumer in advance, before they have to pay out for it.
Reed also encourages creative thinking around new ways to secure investment, such as crowdfunding.
"Rather than get one person to give you half a million quid, you could get half a million people to give you a quid each. "

Don't confuse branding, marketing and advertising




"They are actually three different things," says Reed. "The brand is basically your look, your tone, your identity, what you stand for. Marketing is how you go about creating demand for consumers… what is the price of the product, how is it packaged, how is it sold. With advertising it's totally just pay a load of money to make a load of noise about your product."
For Reed, advertising is the most expensive and definitely one of the most likely to fail. He recommends advertising only once the name, product, packaging, price and distribution are all in place.
"Advertising is a brilliant way to burn through a lot of cash very quickly, so treat it carefully," warns Reed.

Risk v reward

The rewards of setting up a business are great, says Reed. "You go from nothing to something that you have created and you meet so many more interesting people, you learn so many things."
The advantages are that you are in control and can shape the business the way you want. However, he admits working for yourself also comes with costs and risks.
"The practical advice I give people is don't bet the family home. You've got to go into it with your eyes wide open, most small businesses fail. If you start betting the family home, then what you've got is not just the trauma of the business failing, but then it has a huge knock-on effect to your personal life."

Hard work, long hours, no excuses

"I read this article saying that setting up a business you essentially have to do five years of work in one year, and I think that's about right," says Reed.


Coffee cup and career ideas

Reed says a good test of whether you have the staying power and commitment is if you can come home after your full-time job and work on your business plan rather than watch EastEnders. There is no blaming the economic climate either.
"There are as many opportunities in a down market as there are in an up market, but if you find yourself blaming the externalities all the time - well I can't set up a business yet because of the economy or because of the weather or because I have a job - then you're not thinking like an entrepreneur," says Reed.
"An entrepreneur accepts that the world is the way that it is and goes about changing it rather than waiting for someone to make it easy for them."

Start small, start young

"At the age of four my mum found me trying to sell jam jars with rose petals in as perfume for 2p to my neighbours. Aged seven I was going round cleaning their windows. At age 11, I was buying Smurf stickers and reselling them in schools," says Reed who started his entrepreneurial career young.
Anyone, says Reed, could go home today, and for instance, make some jam and start selling it. There are no limitations and no set path to success.
"I never would have thought it was possible for someone like me to set up a business, but then I found myself with a group of friends and we decided to give it a go. It turns out it is possible - not easy, but definitely possible."

Source:http://www.bbc.co.uk/news/business-19542914