Wednesday, August 31, 2011

You should write about making money blogging on Make Money blogging [misconceptions new Bloggers have # 3]

This post is the third in a series of studies of misconceptions and myths about blogging, that many new (and some experienced) bloggers about blogging.

We have already discussed the misconceptions that blogging superhuman effort takes (or is simple!) and that you daily on your blog should books.

Contemporary misconception is all about money. It is one that I hear every day when I observe what people are saying about making money from blogging.

Only people who sell make money blogging resources, make money blogging.The most profitable topics to blog about his blogging tips of making money blogging.It is impossible to make money blogging on "normal" everyday topics.

The reality is that most people who talk about making money blogging those trying to create a name for himself in that very niche. I think part of the creation of authority and credibility is to show what you are doing, so that bloggers in this niche are often not Wars of their revenue share.

On the other hand, many bloggers who are making a living from blogging in other niches don't have an avenue through which to talk about it, or don't want to (for privacy reasons or because they don't want to warn the competition to their success).

As a result, is the impression that new bloggers often get that nobody is making money blogging with the exception of a letter about writing.

Let's see some of the realities of working in this niche.

You good money blogging about blogging. It is true — there is money to be made in this space. Teaching others blog and that a life of it can be profitable. I make enough to live (and some) from ProBlogger every month, and know of at least five or six other bloggers in your niche that on a comparable level would be. As with any subject that has nothing to do with money, this can be a lucrative niche.It's been a busy niche when it comes to finding readers. As a result of the success of a number of (and the public service broadcaster of results), many others joined the hunt for market share in this space. I have not seen figures on it, but I suspect that the result is that it is one of the more crowded niches. As a result, can break into the niche and making a name for yourself can be tough.It's been a busy niche when it comes to products. If you want to make money in the niche Make Money blogging by releasing a product, there are not only a lot of other blogs, but a lot of products that you will have to compete with. Not a day goes by when I'm not approached by another blogger like me to their e-book, course or tool ... Again, it is difficult to distinguish, and I suspect that many bloggers already have bought just enough products, and are not so interested in buying more.There's a lot of suspicion about the topic. Thanks to the nature of the subject has a lot of suspicion about it. Unfortunately, over the years, this niche has attracted its fair share of dubious characters and those less-than-ethical and transparent tactics have used to make a name for itself. This has a lot of suspicion among the public about the niche. I'm kind of glad about this suspicion, I like a lot of people who've seen scammed, but it makes this a tricky area to work in. My recent ban on (and then reinstatement) of YouTube seems to have occurred because many in the niche were tarred with the same brush (most of the accounts had made an end of videos including the words "make money online").Bloggers are perhaps more reluctant to spend money than other target groups. Let us be clear: I'm not calling you cheap! But one of the factors to consider in this area is that the barriers to entry for the blogosphere (unlike other hobby) are very low. You can setup a blog for free, there are thousands of blogging themes, tools, and how-to instructions there for free, and there is plenty of free help within the niche. As a result, many bloggers don't come to their blogs with the expectation of having to spend a lot of money. This can affect the bottom line for those who try to operate in this niche (I will touch on this more below).

I'm not going to pretend that all other lucrative niches. I know a lot of bloggers with decent readerships that are struggling to make money, because their subjects do not lend themselves for monetization. However, my experience teaches me that there is definitely a lot of opportunities in other niches, and that in many ways they can make it easier to make money than the niche blogging tips.

Personally, I have found it a lot easier to build significantly larger audience and higher profits in other niches. My photography blog has about five to six times the readership of ProBlogger, and is more than five to six times as profitable.

The niche photography is very competitive, but there are some other so quickly including:

The market is larger: There are a lot more people around who own cameras than blogs.The audience is more of a public expenditure: I mentioned above that since blogging has low barriers to entry, bloggers are often less likely to spend money. Photography is a little different. People increasingly spend thousands of dollars on cameras, they buy photography magazines and books, they enroll in courses ... There is just more of a willingness to bring in that niche.The audience is not as suspicious: While people still a healthy suspicion of online marketers in this space, there are fewer barriers on this front.

This assessment is not only relevant to the photography space — plenty of other niches are also bigger and his audience that more be used for expenditure.

This is probably not the place for a full exploration of how a niche for your blog (I will also be some links below for more information about that). My general opinion is, however, to choose a topic on which there is a healthy demand for content (it's hard to have a successful blog about a topic that nobody but you bought) and that you know something about (and preferably have a passion or interest).

My co-author on the ProBlogger book, Chris Garrett, last year on the day of the training ProBlogger presented in Melbourne, and used a slide which I think is a great Visual at this point:

blog-this-niche.png


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