Make Money Online with a Blog

Yesterday was our second weekly meeting for our new Austin Cash Flow Team (ACFT). I will post details about the meeting here soon, but one thing we spent a little time on was making money with blogs.

I've been doing this myself for several months now. The income has not been anything too spectacular so far, but it is increasing a little bit each month, and I've not been marketing it (them) nearly as much as I could be.

I've posted about making money from blogs on this site before, and it might well be worth going back for a second look, but I thought I would post again after our talk last night, and a renewed interest.

It was also quite a coincidence (if you believe in those things) that Kim Komando had a few minutes of her radio show devoted to talking about a recent Wall Street Journal article about how many (more active) bloggers were making from $2,000 - $10,000 from their blogs.... PER MONTH !

Although that DOES seem to be a little high on the expectation chart for most bloggers around the world, I am still very aware of several bloggers I know who post their monthly earnings at quite substantial levels.

Another report Kim spoke about (I didn't catch the site or name) was reporting that 45% of all blogs made over $100/month, and 1/6 made over $1,000/month. Certainly not getting rich, but not a bad side income... working anywhere in the world.... at any hour... in your PJ's !

I decided to poke around VERY briefly and found these two articles:
Can Bloggers Make Money?
Consumer-Product Blogs Start a Web Empire

One of the most common ways these bloggers are doing it is by using some advertising campaign, such as Google Adsense. It's really very easy to get started.. and best yet... FREE !
Here is a little link to an easy to read site that can help you get going:
GoogleAdsenseTutorial.com

Enjoy !

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Financial Stats for 2007-01

Here is the monthly activity for January:

1) Google Adsense:
I did nothing with my Adsense campaign in January either, however, the revenue is back up over 13% from last month, and this next month I DO plan to work with another friend on taking more agressive action in this area! One thing to keep in mind with the rather wild percent changes from month to month, is that right now the total income is about $50/mo, so even small dollar amounts can affect the percentage quite a bit. Look forward to a bigger jump next month!

2) PayPal Money Market:
PayPal has lowered their annual rate to 5.02% which means about 0.409% gains for the month.

3) Stocks (three portfolios):
Personal picks: -28.26%, -4.21% (change during last month)
TurnerTrends ETF-10: -2.65% (change during last month)
A pretty sorry month here, but I know very well what I did wrong, and the big -28% loss should only be temporary since it's mostly a single stock that got away from me this last week, and I am still in... expecting that it will be coming back my way with in 1 more week (maybe two). Over all, I'm not worried about it.

4) Second Life:
Through January we are still at the 0.10% daily rate, about 3% gains per month and 43% annual. Besides a very healthy investment gain, I was able to add about L$12,000 (US$45) from camping alone.

5) BrownBagLaunch:
No income yet, but another friend and I are going to start pushing our new web site hosting biz a little further and hopefully we'll start seeing something by next month. I suppose I will have to make a separate post about this new stream soon.

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