01 Nov How To Start A Blog (& Make Money)
Starting a blog might be the perfect side hustle – you can do it on your own time, build multiple passive income streams, meet new people, and unlock tons of new opportunities.
I have made over $30,000 directly as a result of launching the Millennial Money blog in a little over 6 months (I’ll show you how below!).
I’ve also made a ton of new friends and been invited to partner on many new projects that I am excited about. Here’s how starting a blog has helped me build a richer bank account and a richer life.
Why do you want to blog?
There are many reasons to start a blog, but before you start yours I recommend you take out a piece of paper, or your phone, and write down why you want to start a blog.
It can be anything. Maybe you want to build a profitable blog, build a brand, or connect with likeminded people.
Write down your goals. Save this and look back on it when blogging gets tough. Because blogging consistently can be tough (but it does get easier over time!).
How To Start a Blog in 10 Minutes
Starting a blog is easy. Here are the 5 steps to launch your blog in less than 10 minutes and for less than $6/month. You can literally launch a blog in less than 10 total clicks at hosts like Bluehost! Yup, 10 minutes, 10 clicks, $6/month.
It’s also super easy to get started at because Bluehost automatically walk you through every step of the process from buying the domain to set up your website – in 10 clicks or less! So if you can’t wait to get started click the banner on the right side of this page, or you can read below to learn more about how I make money blogging.
1. Find Your Domain Name
This will not only be your URL, but it will also be your brand! So it’s super important that you come up with a name that you love.
Make it memorable, not too long, and use keywords related to your niche). Make a list of 10-20 potential names for your blog, since some domains might already be taken. The great thing about Bluehost is that you can get unlimited domains, whereas most hosts charge you $15+ for each domain.
I strongly recommend that you keep your domain shorter than 20 letters – it’s statistically shown that domains that have 20 letters or less get more traffic because they are easier to type in and remember. An more traffic means more money!
A typical formula that I use when coming up with domain names is [fun word + word related to your niche .com] or [memorable phrase about your topic]. Some of the great domain name examples based on these two formats are moneyboss or budgetsaresexy.
START SEARCHING FOR YOUR DOMAINS NAMES BELOW.
2. Set-up Website Hosting (it’s super easy! only 1 click!)
Once you find a domain you like, then buy your domain, set-up your hosting, and install WordPress (the best content management system for bloggers). This will all take you less than 5 minutes.
On Bluehost you can select the cheapest plan option and then always upgrade later if you need more bandwidth. But you can start with the basic package and get up and running quickly. After you select you package now you are going to search from your domains. Take out the list you made of potential domain names and start searching. Always buy a .com domain – even if you have to search for a new name, the .com will always been more recognizable that some of the other new domain extensions (for example don’t buy a .space domain!)
3. Set-up WordPress
After you secure your domain there will be 1 button you need to push to get your blog launched. Yes once button and it will look like this. Click it and follow the simple steps.
Your blog design really matters and a better looking blogs will generate more traffic and make more money over time. Search for a super beautiful looking theme at Themeforest (the best theme marketplace). While there are many free WordPress themes, I strongly recommend buying a premium theme when you start your blog (since changing themes later can be really hard). Look for 1 click set-up themes. Buy and and then download the files.
5. Upload New Theme:
In WordPress, click on Appearance, then Themes and upload your new theme.
6. Now write your First Post! Congratulations you’re a blogger.
How To Make Money Blogging
Alright, now that you’ve launched your blog, let’s talk about how you can start making money blogging. Blogging can be a great side hustle and some bloggers make a lot of money. So can you, but you’re really going to have to hustle. Like really hustle.
First, you can’t expect to much money from your blog for at least the first 6 months. During the first 6 months you will need to spend most of your time writing posts, commenting on other blogs, and connecting with other bloggers (through guest posting and other networking). In order to make money you need traffic and building traffic takes time.
Don’t Build a Blog, Build a Money Making Platform
A lot of new bloggers think they will quickly make money on advertisements and affiliate links (promoting products that pay you a commission), but you need a lot of high quality traffic to make money with both advertisements and affiliates links.
The fastest way to make money with your blog is to stop thinking about it as a blog, and start thinking about it as a platform. I view Millennial Money as my own platform. You should view your blog as a platform too. When you build a platform the possibilities for making money with it expand significantly.
Millennial Money allows me to share my personal journey building my net worth from $2.26 to over $1 million in 5 years and wealth building strategies, but it also allows me to build my network, and open new doors to consulting and partnership opportunities.
BUT – because of the network I have built and an audience that companies are trying to reach (Millennials interested in personal finance), I am able to make money using the Millennial Money platform in a bunch of ways. And I am coming up with new money making ideas for this platform everyday.
How I Make Money Blogging
I currently make money on Millennial Money advertising ($1,200/month), through affiliate commissions ($1,500+/month), participating in Twitter chats ($250-$750 each, reviewing products I test and like ($1,000+), as well as consulting opportunities ($500+ per engagement).
I also reject a lot of money making opportunities to protect the brand. Just recently one Student Loan company reached out and offered me $2,000 to write an article about their new “student loan forgiveness scholarship,” which I declined after researching it. I also reject a lot of guest post requests from content marketing companies offering $500+ to place an article on Millennial Money. One piece of advice: don’t sell out and post crappy content. Your readers can tell and it kills your credibility.
Since starting the Millennial Money blog I have also rejected a $45,000 offer to purchase the domain, landed one large consulting project from a company interested in strategies to target Millennials, and others directly from bloggers who want to grow blog traffic using SEO.
When you view your blog as your platform, the opportunities for making money go well beyond advertising and affiliate revenue. Then as you continue to build a bigger audience and more recognizable brand the money making opportunities will continue to expand.
How Blogging Will Make Your Life Richer
Blogging has changed my life. In fact, the daily discipline of blogging has had profound impacts in many areas of my life, but especially on my financial life. In order to write quality blog posts you not only need to share your personal experience, but you also need to do your research.
I learn a ton reading about others financial strategies, which has helped me make small profitable tweaks to my own.
If you want to build wealth and achieve financial independence, the fastest way to do it is build daily habits that maximize your earning, saving, and investing gains. Very few people hit it rich, but I truly believe that anyone can become rich through consistent saving and investing habits.
Many studies have shown that you are more likely to accomplish your financial and other life goals if you are held accountable. Starting a blog and connecting with a community is an incredibly effective way to build accountability and build new habits. Both will make your life richer.
Let me know when you launch you write your first post and I’ll share it on Twitter!
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