Since we’re in the process of finishing off the first quarter of 2016, many businesses are currently looking over financials.
My team and I are also in this process and I can’t help but get a bit nostalgic. I started with absolutely no money and found a way to use my business’ own revenue to reinvest and grow it into what is today. I’ve also managed to do this without getting myself into debt. It hasn’t always been easy and I’ve definitely made mistakes, but it’s all been worth it.
Bootstrap Your Business Without Going Broke
I’m not the only one who has taken the bootstrapping route. Many small business owners – particularly if they are running online businesses with low overhead – are also taking this route. Since it’s not easy (or even sometimes necessary) to acquire investors and debt is a four letter word, bootstrapping is the way . . . → Read More: How to Bootstrap Your Business Without Going Broke
I had no writing experience, no marketing experience, and I had absolutely no idea how to build a webpage… BUT, at that point in time I WAS successfully digging my way out of debt and I wanted to teach everyone that they could kick their debt to the curb as well. I never dreamed that this little side venture would be profitable. After all, blogging is just what people did when they’re bored and had no life, RIGHT? Well, $75,000 later, I can attest that it certainly is NOT just a little side hobby. Blogging can provide an income for stay-at-home moms, dads, and can even earn enough to support both!
In this post, I want to teach you that blogging is not only a means for an income, but with the proper discipline, it can also make you extremely wealthy.
How to Start a Blog
So how did I . . . → Read More: How I’ve Earned Over $75,000 With a Blog
After 4+ years of owning this blog, I am finally treating it like a business…and it’s paying dividends. When I first started my blog, I was basically in it for the money. Sure, I liked to write about personal finance, but I really just wanted to make some bank through advertisements like everyone else out there on the world wide web.
The Greedy History of Life And My Finances
After about a year of blogging, it actually worked. I was earning upwards of $2,000-$3,000 a month with my website! But, with the methods I was using, my site was doomed to fail. Advertisers were coming out of the woodwork to pay for sponsored posts, text links, banner ads, and social media shout-outs. I accepted them all without regard. Casino ads, cash advance ads, payday loans – they all made it on my site for the right price. I’m obviously ashamed . . . → Read More: The Crazy Good Results of Treating My Website Like a Business
Do you own your own blog, or maybe you’re considering buying one? Are you curious how much it’s worth? I know I’m always curious about my blog worth, but there are so many factors, and so many websites that give different answers, how can I really know?
Estimates of My Blog’s Worth
A couple of months ago, my site was earning an average of $1,500 a month or so and I was just curious how much it would be worth if I put it up for sale (don’t worry, I never planned on selling this site….unless it was worth a millions bucks or something…). Could I sell it for $5,000? $10,000? Maybe even $20,000? I honestly had no idea, so I took my question to Google.
Sites That Calculate Your Site’s Value
It turns out that there’s quite a few sites that try to estimate a blog’s value. . . . → Read More: How Much Is Your Blog Worth?
I think my family initially thought I was nuts when I first started my blog as a means of an additional income. I mean, how much could a website make without selling a product? Well, after a year of blogging, my income has grown from $5 a month to well over $1,000 each month (with spikes of $2,500+)! My blogging income has become everything that I hoped it would be and more. That’s why I’m encouraging you to start your own blog as a way to make more money!
What Are You Passionate About?
Luckily, I chose to write about a topic that I love: Finances! I have always been fascinated by this topic and find myself wanting to learn more about it each and every day! After blogging for a year, LifeAndMyFinances.com is still a pleasure to run.
If I would have chosen a site based on . . . → Read More: Make More Money: Start Your Own Blog