There is one fundamental reason why 99% of bloggers never make enough money from their blogs to live off of…and it is incredibly simple.
This past week has been an interesting one filled with conversation. After a post about paid subscription models in blogging and how that could change in the future, there was a ton of conversation around paid content online and whether or not it would work within current audiences. Honestly, it created a great conversation that got me thinking about how I want to structure my blogging in the future.
But…it also brought out one very sore thumb in the blogging world that is the reason most bloggers will never make the big time. So where do they go wrong? Like a horse with blinders on…
They are too busy thinking like a blogger instead of like a business owner.
Blogging in itself was built on the foundation of online journaling. There wasn’t any true monetary platform until these online journals started getting traffic that was rising above corporate websites. Through some growing pains, the art of blogging and the world of capitalism figured out how to leverage this traffic into dollars through various forms of advertising and promotion. But…at its heart…most bloggers still think like the bloggers of old. The only difference now is that some of them are at least covering their costs and putting a little bit extra in their pocket at the end of the month.
When I brought up the idea of paid content in blogging, one of the biggest excuses that it wouldn’t work is because big media (magazines, newspapers, etc.) has a lot more resources to hire writers, photographers and other assets to create more value that the individual blogger can not accomplish. While they are true in that on a low level…they are forgetting one key thing that will keep them broke.
What if the paid model opened up the resources to accomplish those things?
I am not saying this is the answer or the only way to do things, but it illustrates a great point within the blogging world. When you take the money you make online and reinvest it into growth of your business, you are no longer the sole blogger trying to make it. You are applying fundamental business models to your online empire to insure future growth and more money. However, if you are not able to think outside the “blogging box”, you will never get past just being able to pay for your hosting and a night out to dinner a week.
When you look at your blogging, you have to start thinking about growth and future income outside of just affiliate promotions and banner ads. You have to start developing areas of your blog with future growth in mind and not just how you can make an extra 5 bucks today. You have to be open to new ideas and willing to test these ideas.
If you keep thinking like a blogger…you will never be more than a blogger.