When it comes to generating passive income, several ideas and strategies get tossed around quite frequently, one of them being blogging. So the question is, can you really make passive income from a blog? In a word, yes.
Four Bloggers Who Make Some Serious Cash
By now, we’ve all heard claims that bloggers can make six or even seven figures per year.
But isn’t that an exaggeration? Are there actually people that make significant sums of money running blogs online?
While it certainly takes some work — and isn’t the norm — it’s more than possible. Just ask the following bloggers, all of whom have transformed their lives by creating blogs that generate high passive income on a monthly basis.
Jeff Rose has a successful personal finance blog called “Good Financial Cents” that nets him monthly blog revenue of $102,000.
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Robbie Richard of RobbieRichards.com generates over $60,000 per year on affiliate revenue alone without spending a dime on ads or traffic generation. And that’s just one of his revenue streams from the blog! It took Lena Gott of the What Mommy Does blog just ten months to scale up to $10,000 per month in revenue.
Best of all, she works just 20 hours per week. Ramit Sethi of I Will Teach You To Be Rich earns millions of dollars per year on his blog. On top of that, his blog has paved the way for bestselling books, six-figure speaking gigs, and various seven-figure courses and business ventures.
Those are just four examples. It’s relatively simple to find more than 4,000 examples of bloggers who are making lucrative full-time revenue with blogging.
There are tens of thousands more who are using blogging as a passive, supplemental source of income to cover bills or upgrade their lifestyle.
In other words, it really doesn’t matter if your goal is to make $300 per month or $3 million per year — blogging can help you get there.
The key to making money blogging is to have a game plan. You can’t just throw some words into cyberspace and hope they come back with dollar signs. (That’s highly unlikely.) Instead, you need to be intentional with your approach.
While every blogger has their own unique formula for success, here’s a basic three-step plan that will increase your odds of building a cash-generating blog.
Step 1: Start a blog.
The very first step in the process is to create a blog and launch it out into cyberspace. In many ways, this is the easy part. However, there are several things you’ll need to keep in mind if you want to do it well the first time around.
According to The Blog Starter, which has helped many people successfully launch revenue-generating blogs online,
there are six overall steps to follow when starting a blog.
hr Four of them occur during this initial step.