Let’s talk about the factor of money in blogging. A lot out there are into the blogging business because of money, someone made them dream that blogging is a way to earn money overnight without efforts and they thought let’s try it.
Let’s try it? Is it what exactly you want in you to make millions out of your blog like Tech crunch, Mashable and many more in the list? I am sorry to say guys but the attitude of let’s try it doesn’t work anymore in blogging.
I personally take blogging just as a business. People plan things, they hire people, fire them, delegate authority, examine, and almost everything a business does. And that’s the key reason why only some of the people are able to make their blogs a multimillion shop.
So today I would be sharing with you some points on how money should be dealt if you really want to make your blog a big one.
[Image Credit: Flickr]
Effective Use of Money in Blogging
1. Invest Before Spending
Investment is really important for any business out there. No business in this world can grow without investment. So you need to understand this point that you have to invest in your blog before it’s too late.
Whatever money you earn out of blogging, it’s via Adsense, direct ad sales, reviews or any other means. Try to invest a proportion of that money onto your blog before enjoying from that money. Because the more investment you will do, the more profits you can reap. In other words, make the most of your money in blogging.
2. Hire People
Have you ever seen any business or big blog that has only one member in their team? I am damn sure the answer would be no. Then how are you thinking that you can make your blog, A BRAND, and that too single handed.
So, instead of spending your money to buy a new gadget for yourself, hire a person or hire some people. They can be content writers, social media experts, SEO experts or a hundred more roles are there. Building a team would surely help you a lot.
3. Spend Money On Marketing
Marketing is one of the key areas that a lot of people almost neglect and think it’s a waste of money. But let me clear one thing, it is the only way to reach the untapped audience and that too in a short period of time. Make a budget out of your every earning to invest on marketing, and you will see a noticeable change in your reach and your profits will start increasing.
4. Invest In Creating Connections
Networking or creating connections is one of the key essentials to reach to the top of the ladder. You will have to communicate with people at every stage so try to make more & more connections with others in your field.
It really helps you to get out of a situation as you can easily call/text these people and tell them to help you. Plan meet-ups, attend summits, and try to make a health relationship with others in your field. It will surely pay you in long run.
5. Invest In Premium Content
Content is the king and I personally believe it will always be the king. So, why not spend some money to get awesome content. Hire content writers, hire experts in the field and get some fabulous stuff created.
If you say I am already creating the content,and then ask to yourself. Are you expert in every field in which your website deals? Probably not. So pick up the categories or areas where you think you need a helping hand. And make those areas your strong point as well.
6. Invest In R & D
Do invest in Research & development. Because it will be the only thing that can make you distinct from all others in the field. If you are in the niche ‘blogging’, try investing money to develop a new plugin, a theme and a lot more.
Generating content or products after R&D would be one of your best decisions. As they lead to be one of the finest creations because no one else has ever done that. Try to invest to try new techniques as well like to increase revenue, increase visitors and a lot more.
How do you manage your money in blogging? We would love to hear from you via comments.