The thing about making money online is that so many people do it differently. You’ll see one person doing one thing that works really well for them and someone else doing something completely different. Unfortunately, this can cause some myths to form.
Myth 1: You Need a Ton of Traffic
This is probably the biggest myth out there. I’ve seen people set up a blog and plan to not monetize it for the first six months because they think they need a ton of traffic. Sure a ton of traffic will benefit you, assuming it is good traffic, but your revenue doesn’t have to be tied to it.
The very first course I ever sold on Makers Cabin went out to a list of 500 people and it made $3,000 the first weekend. There weren’t more than 100 people a day visiting the site.
If you plan to monetize your blog through ads then traffic is probably the only metric that matters to you, but as you’ll read later, there are better ways to make money blogging.
Here is a traffic snapshot for the first 3 months of blogging here at Obstacle.co. As you can see I wasn’t setting any records.
During the 5th month of this blog’s existence I made over $11,000 with less than 9,000 pageviews. These results aren’t typical but I bring them up to show you that traffic isn’t everything.
Myth 2: Only Experts Make Money Selling Products
I was talking to someone the other day who had recently started a blog. She was asking me about ways to make money online (you can thank her for inspiring this post) and I told her that she should create a course.
Her face went pale as she told me that she wasn’t enough of an expert to create a course.
Anyone can create a course because everybody has some knowledge to share.
Maybe you feel you don’t have enough material for a course, but you’ll be surprised how much you have in that big brain of yours when you start to plan things out. Plus, courses do not have to be large. You can create mini-courses that sell extremely well.
Whatever you do, just don’t wait for that mythical expert status to arrive, because if you are anything like me, that time will never come.
Myth 3: The Only Way to Make Money Is by Starting a How to Make Money Blog
This one is tricky because sites that teach you how to make money can do very well. People think it’s just because they are teaching people how to make money, but there is something deeper at play here and it applies to almost every niche.
As humans, we have a natural inclination to want to get better. We want better for ourselves. We want better for our family. We just want better.
One of the ways people try to better their lives is by making more money so they go searching for ways to do that.
Other people want to lose weight.
Some want to learn a new language or teach their cats how to use the toilet.
The point is, your blog doesn’t have to be in a heavyweight industry to make money. It just has to be in an industry where there are people actively searching for solutions.
As your audience expands, you’ll start to notice some problems they talk about continuously creep up. These are your opportunities to make money.
It’s probably easy for me to say such things when I’m writing on a blog that teaches you how to make money but I also make money from my health and fitness site and my site on women’s lifestyle site.
It’s also why I started the One Million Dollar Blog Challenge to show people that you can make good money with blogs across different niches.
Myth 4: All the Big Blogs Make All of the Money
It’s easy to think that blogging is a zero-sum game. If you are starting a blog on kitten mittens and there are already 3 major blogs that cover it, you might think you don’t stand a chance.
But you do.
Although you cover the same topic, that doesn’t mean you cover it in the same way. The great thing about blogging is that you get to bring your perspective to the world. Your brand and message are what separate you from everyone else.
There is always room for more. Blogs aren’t sports teams. People don’t pledge their allegiance to one blog and ignore the rest.
You are about to get a piece of a pie that continues to grow and won’t stop.
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