Here is other idea of making money from blog. It is not ad driven approach as many of you may expect but product and consulting driven business model. Benefits of using this model is huge compared to ad driven revenue generation.
This are basic advantages of product and consulting driven revenue model from blogs:
- Traffic don’t have to be in millions page view, but rather 10,000 focused traffic is enough to make 100K+ per year. This makes approximately 1$ per unique visitor.
- You can start earning as soon as you get your first couple customers for you product.
- You can get lots of customers attracted to your blog posts for free. Normally you would advertise to draw new customers but with blog your content will do all advertising for you.
- You can see immediate income in 3-6 month. With advertising model you have to get to close to million page views in order to make close to 1000$ per month income which will need on average 1-2 years to develop. In most cases you will get tired and give up, in others your niche may not generate that much income even if you get 5 million page views per month. I had this experience with 30 million page view per month network.
Also keep in mind you have to know what is your product will be and easy do developed or almost completed product. Blog will help you market, develop and reach right audience.
This conclusions were made from personal experience and reading The First Annual Traffic and Income Report of thinktraffic.net and stevepavlina.com traffic and revenue report. Check both sources for revenue breakdown and traffic details.