Money Making Blogs - I’m Back!

November 3rd, 2008 at 11:10am

Wow, time sure flies. If you’re wondering why there haven’t been posts for a few months, it is because I have been taking some time to focus on other projects. As a result, this blog has been neglected. But I intend to get back to blogging on a regular schedule.

There’s no doubt that the number of blogs and blog traffic is continuing to grow. Take a look at these trends:

These are just blogs hosted on Blogger and Wordpress. We’re not even talking about blogs that are self-hosted. So as you can see, the potential of blogging is huge and there are tons of ways you can generate an income stream through blogging.

Also, check out Technorati’s State of the Blogosphere. It gives a deeper insight into the growth of blogs in 2008. Some of the stats are staggering. For example, consider this:

There are an estimated 77.7 million unique visitors in the US to blogs
The number of users in Facebook: 41.0 million and MySpace: 75.1 million
Compare this to the estimated total internet audience 188.9 million

Wowzers.

Check out Day 4 which covers blogging for profit. Here again, some interesting stats are uncovered.

“Bloggers with advertising invest an average of $1,800 annually in their blogs. U.S. bloggers earn an average of $5,000, though bloggers in Asia earn 50% more on average and European bloggers earn an average of 75% more than U.S. bloggers. High revenue bloggers skew the mean revenue. The median revenue for U.S. bloggers is $200 annually (and the median annual investment is only $50).”

and this…

“The top 10 percent of blogger respondents earned an average of $19,000 annually. Three-quarters of these successful bloggers are male, and four in ten are self employed (twice as high as the average blogger). They are also more likely to be professional or corporate bloggers. Overall, the high revenue bloggers are more sophisticated in terms of the tools that they use, their usage of readership events, and advertising platforms. They also invest far more resources (both time and money) in their blogs.”

So you see, blogging is still on the rise and it’s not too late to start your own blog.