You’ve heard of people turning their blogs into six-figure income centers. And you’ve heard of others who’ve started a blog, worked hard at it, and then eventually abandoned it because it didn’t make them a dime.
I’m sure you’d like to be in the former category rather than the latter.
You can increase your chances of doing so but following these three easy steps for making money as a blogger…
People aren’t interested in reading ads or “spun” articles that are nothing more than gibberish. They want solutions to their problems. And that means they need quality content. In other words, they want useful information that solves their problems.
Here’s the key, though: While the information you provide should be useful, it should also be incomplete.
That is, it shouldn’t completely solve your prospects’ problems. After all, if you completely solve your prospects’ problems, then they really have no need to buy what you’re selling.
One way to provide useful but incomplete solutions is by sharing articles that tell people what to do, but don’t go into detail about how to do it.
Example: A marketing blog might have the instruction “buy a good domain name at NameCheap.com,” but it doesn’t get into the details of what it means to buy a “good” domain name. Then the blogger can point to a short report that tells people how to build a website (which includes how to choose a good domain name).
You’re already providing useful content. Soon you’ll have plenty of readers eyeballing this content. So before you bring in the traffic, you need to find ways to monetize the traffic. Here are three ways:
Example: You can sell a rotating banner ad on the home page of your blog. You can even sell plain text links.
Your blog is ready to make some money – now you just need traffic! Here are three ways to get traffic:
There’s not enough room in this article to share with you all the tips you need to know to make a killing with your blog. That’s why you need the 31 Day Guide to Making Money as a Blogger. Get your copy at www.davemcgarry.com/cms/bloggingforprofits.com
Last week I launched my latest book “Blogging for Profits” and wrote a post on “3 ways to make money as a blogger.” So, have you started making money with your blog yet? If so, would you like to make more?
Then read on to discover 10 tips for selling more products, affiliate offers and other items on your blog…
Example #1: Here’s an example of a ho-hum title: “Dog Training Tips”
Example #2: Now here’s an example of a title that will get people reading your posts: “10 Surefire Dog Training Tips That Will Have You Firing Your Dog Trainer!”
Example: You can create a feature called “Friday’s Super Tip,” where you post your very best niche-related tip every week.
Don’t just rely on people subscribing to your RSS feed, however…
These tips are just scraping the surface when it comes to making money with your blog. If you want to make real money with your blog, then you need an in-depth guide that shows you exactly how to set up a blog, create content for it and make money with it. You can get this guide by going to: www.davemcgarry.com/cms/bloggingforprofits.
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(A video showing you what the plugin does)
To your success,
Yesterday, I wrote a post entitled ” Are You Making This Mistake in Your Small Business” and I revealed to you a shameful mistake that I made and pointed out that I believe many small business owners do as well. Today, I want to talk to you about the main reason we do business. First of all, let me ask you a question, “Why are you in Business?” Now, I assume your answer is to make money or a make a profit. With that being said let me ask you another question and that is do you know how many units or services you need to sell to Break Even and eventually make a profit? If we agree that we are in business to make a profit then it is equally or even more important to know when the business will become profitable.
Let me tell you finding this number out for me and with my business has been the best thing that could have happened to me. Like I said in yesterday’s post they teach you this the first day in business school but I, like most of us, just pushed ahead because we are ambitious to make things happen and start our business. This is a mistake though because not knowing when the business is going to be profitable leads to the business failing. Knowing when you become profitable allows you to plan how much cash you will need to have on hand to stay afloat until the business can generate positive cash flow.
Going through this with my business has been a life saver. I know now exactly when I will start making money and can plan sales and lead conversion goals around the number of sales I need to make to be profitable. Before I just started each day doing random things that needed to get done and did not have a planned approach on how many sales calls and lead conversions I would need to make my monthly, quarterly, and yearly goals.
So how do you calcualte your Break Even point?
First, you need to figure out all your Fixed Costs (FC). These include line items such as, rent, marketing, salaries, utilities, operating costs, etc… These items are consistent month in and month out.
Next, you need to figure out your variable costs (materials). Typically this will be the cost of selling each product or the cost to produce.
Then you need to take the price of your product or the average selling price of all your products if you sell more then one and make an assumption of how many sales you can make in a time period. For this exercise let’s say a year.
Now multiply the total number of units times the price of the product to get the total sales.
Below you will see the equation
Total sales(TS) -(VC)=Gross Income
Then take your gross income and divide that by Total sales to get your gross margins
To find your Break Even point you then do the following step:
Here is an example:
Product Price 19.95
Units sold 100
Total Sales 1995
Gross Income 1795
Gross Margin 90%
Break Even Sales 6026.95
BE Transactions 302
In this example you can see that my fixed costs are $5422 and variable costs are $200 (you base the VC on # of units sold so for this example I used 100 units and each unit costs me $2 to sell)
Then do all the other calculations and you get to the following result.
I need to sell 302 units at the current price to get a total sales of $6026.95. Once I hit that level everything else is going to be profit.
So, can you see how helpful it is to know your Break Even point. Listen, if you ever want financing or investors that is one of the first things that they are going to ask for.
Go figure yours out now and if you need help you can contact me.
Stay tuned for the next post where we talk about your “Score Card!”
To Your Success,