- The Financial Blogger - https://www.thefinancialblogger.com -

Start a Blog & Make Money- As The Money Dried Out of Blogging?



I love to tell people that when this blog started back in 2006, I told other financial bloggers about wanting to make money with my site. I didn’t know how I would achieve my goal yet, but I was reading about people like John Chow [1] and Pro Blogger [2] making 6 figures with their sites and thought I should join the party. Most bloggers told me that was dumb and that the day I would be making $200 per month, I would be a star PF blogger… well! Ah!


I didn’t let these “encouragements” get to me and grew a thick skin. I concentrated on writing cool stuff that inspired me, thinking I would eventually reach out to people. It worked out pretty well and I now run several financial blogs. But it wasn’t that easy at the beginning…




Back in March 2008, I had been blogging for about 18 months when I decided to buy half of my partner’s existing websites to create a corporation. We called it M35 because we want to become millionaires by the age of 35 (the clock is still ticking… only three years left!). In order to buy his sites, I had to put several thousand into the kitty. It was my leap of faith to be part of a much bigger adventure.


I had to prove myself as a writer and a marketer for 18 months before my friend offered me this partnership. He was working part time on his site and part time on our new ones. During this period, I proved to him (and myself) that I could work long hours without seeing immediate results. That I could simply hold the fort as long as was necessary to earn a penny at the end of the day. I still remember I used to fill an Excel spreadsheet with my hours each Friday night. I was counting everything!


Once we created the incorporation, we took what used to be a hobby to another level. We wanted to make money – I wanted to make some money back from my investment! We started to get a few emails from advertisers to place links on our homepage. We were making slightly over $1,000 per month and I felt like a king!


In 2009, we made our first important deal when I remortgaged my house to buy a website. Who would pay the price of a brand new car to buy a domain and a few posts? I was crazy enough to do it. A year later, our gross online income went from $18,403 to $124,514 [4]. We sold some websites, made some great money and I reimbursed my loan.


This is when we understood that we were darn good online at buying and optimizing existing websites. All our investments generated at least 30% return on a yearly basis. For three years in a row, my partner and I grossed over $100K/year (so 50K gross each) without working more than 10 hours per week. The derived income from our company was the equivalent of roughly $30K each per year. Those were the good years…


how much money blogging [5]


The Personal Finance Blogosphere has changed a lot since 2006. Back then, we were roughly 100 known blogs sharing a huge pie. Google liked blogs a lot back then and offered a special place in search engines for any good content. I remember at one point that I could rank on the first page of Google within 2 days after writing an article about this topic. Believe it or not but I used to rank on the first page for keyword like “Primerica” due to my Primerica Reviews [6] and its 1,000+ comments.


Making money online today is definitely harder than it was back then. The competition in the financial niche has increased to the point where there are now over 1,000 active PF blogs. I doubt there are 10 times more readers to read them! On top of that, gaming Google has become more popular and blogs don’t have special place in search engines anymore. Therefore, if I had to start a PF blog today, it would be a lot more work to reach the level that I am at right now. Most people I know hit a plateau around 10,000 visitors per month and stay there forever.


Is it still a good idea to start a blog today? How much can you earn with it?


These are pretty good questions. Starting a PF blog today means a lot of work. It’s not like you can simply write about your quest to pay off your debts and review the latest balance transfer credit card hoping people will sign-up for it. The commission on a credit card is still pretty good (between $50 and $70 depending on the card) but the web is so crowded with credit card reviews, that I doubt you can actually base a business model on it.


There are tons of affiliate offers out there but making money selling stuff online isn’t the Klondike. It’s not that easy. Just think about how many times you have bought a financial product (savings account, credit card, consolidation loan, investment account, book, etc) online from a blogger… yeah…. the answer is probably close to ZERO. You need to create a feeling of trust and build a psychological funnel that will direct your readers towards buying the product or service you use and recommend. Still, it’s a long process and involves a lot of trial and errors.


The most popular way to make money online has always been going through Adsense. In the finance niche, this is a great bet as you can make over $0.50/click pretty easily. Some topics such as insurance are paying easily over $1 per click. Therefore, you don’t need 10,000 clicks in your month to make a thousand bucks. Still, Google is using is double hedged sword here again. If you optimize your Adsense earnings to the point where Adsense is more important than your content in the eyes of Google, you will lose your ranking in search engines and will make less money. Therefore, you can’t be too good at Adsense, you have to use it with parsimony. If you do so, making a few hundred per month is feasible but you won’t buy a BMer with that income either! I wrote a full post about Adsense Optimization for PF Bloggers [7].


The most popular source of income for PF bloggers had long been private advertising. Selling links on your blog to company trying to game Google. Sounds risky but darn lucrative! At one point, I was making between $6,000 and $8,000 per month simply by selling links. Companies were willing to pay up to $75/month for a link on my homepage! This window of opportunity is now closed as Google hit the financial industry early in 2012. At this point, most of the easy money has dried out from the private advertising field. Buying links and gaming Google is still very popular, but methods have changed and big clients are staying away from this. If you sell private links on your site you will be able to make a few hundred per month, but it will never bring you to a 6 figure income.


Down to real expectations; if you start a PF blog today and you work really hard on it, my guess is that you will be making about $1,000 per month after 12 months. But those 12 months will be at 15 to 20 hours per week of work and you won’t be earning much for a while. Once you reach $1,000 per month, you can drop to 10 hours per week to maintain your blog. At that point, you will be making roughly $20 per hour from your blog. This is a good income but it is definitely nothing to write home about.



I always knew that if I want to make money in life, I need a sideline. My day job is great but it’s not exponential. I work well; I get a nice paycheck with benefits and a bonus at the end of the year. The following year, I have to start all over again. There is nothing more to gain but my year-end bonus that is not scalable.


If you can grow your business, it is possible to scale your results. At this point, you work less and make even more money. Plus, what you have built has a value. If I had to sell my websites today, I would certainly not get what I think they’re worth, but I would definitely be able to sell them separately at a very good price. I can’t sell my job or my brain the same way I can sell my websites.


I also started an online company to make sure I was independent from my day job. I know I can lose my job but I also know that I’m sitting on an income generator ready to be fired-up if I need additional cash flow. This is a lot better than an emergency fund!


The business has grown tougher as both money and traffic is harder to obtain your way. Nonetheless, I’m ready for another round of hard work to make even more money. I’ve created this company to become a millionaire at the age of 35 and I have 3 years before I turn 36.



I have written about some of my failures over time on this blog (you can read how I failed with my first eBook [10] and how Martin failed at launching his product [11]). These are important reality checks you will need to get before you embark upon this adventure. We are not only talking about hard work, we are also talking about the likely chances of not making it.


Sorry gals & guys but if you haven’t started your blog yet, you have missed the window of opportunity [12] to do it. It doesn’t mean you can’t make it today, but it means that the easy money has been already made and there are some big players rolling where you won’t be able to step in.


As I mentioned before, making $1,000 per month with a new blog after a year will be quite an achievement. A few years ago, I could expect to make that within 3 months and see the blog making over $3,000 per month after a year simply by selling private advertising. This is not going to happen anytime soon and chances are that Google will take away all your traffic if you sell links on your site. With no traffic, you won’t be making income anymore!



If you have a chance to escape all this crap and make money with your blog, it won’t happen by using Google. I think there is a lot of room online for other successes but it won’t be done through search engines. Don’t get me wrong, Google Traffic is worth a lot and it is always nice to have it. But I’ve learned one thing about the web over the past 7 years: you can’t trust Google! One day you rank on the first page and the next morning you have disappeared from the search engines. Glenn @ Viperchill makes a shocking demonstration of how Google completely screwed its search engine algorithm here [14] and there [15]. After reading both posts and doing a few searches on the internet, I can only agree with his theory… Right now, Google likes fresh content over anything else. No matter how great you content is, if it’s old, it can be outranked within minutes with a poor quality article. This is Quite Disgusting.


So if your plan is to rely on building a great site and then doing SEO to get more traffic, I can tell you are entering the race blindfolded… good luck! It’s like playing a game where you don’t know all the rules and they can be changed at any time.


The key is to build a community (yeah, I know you read that a million times!), but cliché just works! My biggest success with community is my dividend network and the newsletter attached to it. Each time I send an email, I get around 100 answers. Nobody can take this away from me! If I had to start over again with a brand new site, the first thing I would do is to build a list. You can read more about how to create your newsletter and make money out of it here [16].


I once read it doesn’t matter how many readers go to your website. That’s only good for your ego but it doesn’t fill your pocket with money. The only readers that count are the one that are engaged, that comment and answer back. The rest are only there for the free stuff; they take and don’t give back. Would you feed your neighborhood with your best spaghetti sauce? That’s what happening on the web if you don’t monetize your site!



There is something worse than trusting Google and it’s to trust online marketing gurus. They are not evil, far from it, but they are just a bunch of people making money online and trying to figure out what is going on with Google. Some gurus advocate genuine link building, while others will tell you that gaming Google is the only way and others will ask you to register for their course so they can teach you how to write compelling content and create a bond with your readers.


The problem is that they are all right. They are right because they found a way to succeed in the online industry. But they found their way, not your way. There are tons of ways to make money online and you need what you are good at. It can be link building, writing awesome stuff, networking, social media, monetization, conversion, lead creation, flipping sites, Adsense optimization etc. You can find dozens of gurus for each technique. Don’t waste your time trying all of them and following everybody’s advice. Here are a few examples of how gurus make their money with different strategies:


Glenn @ Viperchill [18] does a lot of SEO and link building


Justin & Joe @ Empire Flippers [19] are building sites to sell them


John Chow @ John Chow Dot Com [1] is making money telling people how to make money (the most common business model ;-))


Jon @ Authority Website Income [20] makes money from a methodical link building strategy using VAs and expired domains link redirect.


Spencer @ Niche Pursuits [21] is making money from niche websites based on extensive keyword research.


Chris Ducker @ Chris Ducker [22] makes money from VA training and hiring for other people.


Pat Flynn @ Smart Passive Income [23] makes money from building a deep bond with his readers and selling affiliate products.


They all make over 6 figures and all follow different paths. So technically, they all hold the holy grail and drinking their Koolaid will lead you to the infinite potential of the online industry… but the problem is that you have to pick the 1 way that you like, master and follow through. Trying to become all these gurus at once will burn you. This is why it is important to find your own style.



Further on down the road, there is another reality check I need to share with you. Working online is not different than working in the real world. If you think you can’t make it with a brick and mortar business but you can do it online; you are wrong. It’s not because you can work on your laptop in a Starbucks that makes you the next Pro Blogger. The glamorous aspect of blogging is attractive: how about working when you want, where you want and raking in a 6 figure income while you sleep? Nobody would spit on that.


But that’s the end result a few people reach. You would probably reach the same level of wealth with any other type of business. Imagine if you had 6 rental properties or owned a $10M business recycling plastic? You would be making a six figure income while you sleep the same way you would do with blogging.


Can you imagine how hard it is to put money aside and build your real estate empire? Or how many hours you need to put into hard work to build a $10M recycling business? Well similar efforts will be required if you want to build a 6 figure income blog!  It’s not easier because it’s online! It will require that you work hard, long hours for almost nothing in your pocket. One day, maybe, if you are lucky, you will reach the top and make money. Or you could also fail miserably like thousands of other bloggers who quit after 12 months of writing, commenting, hard work… but without any results.


buying blogs [25]


Is buying blogs a safe business model? Why not? After all, you buy a domain where there is already traffic and where you only have to put your links here and there to make some money. It’s not that simple either!


I went into a lot of details as far as my buying blog process [26] goes. So far, I haven’t made any bad investments. However, some of them were/are not as profitable as I thought they’d have been. This is always a problem since the dynamics of a website changes every 6 months or so. A Google update, a new affiliate, a shift in trends could all be good reasons why your site generates more or less money. The problem is the dynamics are changing constantly. Before you buy a blog, you want to make sure there is some stability. Never buy something 12 months old. The site has only gone through 2 dynamic changes and could easily drop flat in a few months and you would lose all your money. If you can buy a blog with a brand, it’s even better!


Buying a blog such as Smart Passive Income would be an awesome deal. Most people think the opposite because they see Pat as being the main icon behind the site. However, since this site has so much powerful content and its ranking well all over the web (youtube, google, podcast, facebook, etc), you wouldn’t have any problem making $30K/month for several months, read years before it fades away.


I think this is a business model that will continue to work very well. Think about it; most of the time, you can buy a great blog within 4 years of gross income. Chances are that the blog you are looking at isn’t that big and you can buy it as cheap as twice his past 12 months’ gross income. When you think that buying a rental property would cost you 14-15 times the yearly gross income, buying a blog looks like the most lucrative investment on the planet!


niche site [27]


If you are looking to generate extra income from a website, you probably found a few buzz words within your research. Since blogging requires you write content on a steady basis, this is very demanding. Most of your blog posts can’t generate money either because your readers will be bored from your credit card reviews pretty fast. Therefore, you need to spend a lot of time building your community in the hopes of making money one day. Since blogging is so rough these days, internet marketers came up with other types of websites requiring less work but generating more money. Isn’t this paradise for any online entrepreneur? Here’s a quick resume of all the cool words and how you can make money from these types of sites.


Niche Site: this is a small site with 5 to 25 pages of content on it. The goal is quite simple; rank in search engines and get visitors to generate income. The most common type of niche aims at Adsense, Amazon or a specific affiliate program as a source of income. Depending on the niche and its traffic, you can generate something between $25 and $500 per month. If you generate more than that, this probably means your site is bigger and you fall in the second category.


Authority Site: the authority site is often confused with a niche site. It makes sense since both are targeting a specific topic. The main difference is authority site is an enhanced version of the niche site. It shows more content, often of better quality, more options (such as a forum, newsletter or other types of interaction). The income potential is higher but the work required is more demanding too. It’s not as demanding as a blog in terms of content creation but adding a fresh piece once in a while is always a plus to keep your site on top of the others. While the niche site is “just another wordpress site”, the authority site should definitely add value to the world of internet.


Epic Shit: Many bloggers have referred to epicness over the past 3 years. I’ve been part of it ;-). There are a few variations of the word epic such as a “whale post”, “pillar article”, “authority article”, “reference”, etc. An Epic article would be like the one you are reading right now; tons of content and hindsight about a specific topic. I wrote this article to share my thoughts and knowledge about making money online in 2013-2014. I think it will be a great reference for many of you in the future and probably help you avoid making a beginner’s mistake. Epic articles are highly time consuming and don’t necessarily give something back to the writer… immediately. I’m thinking that if I write less stuff but always this quality, I might get a bigger readership! Another Epic article I wrote is how I run multiple blogs without working much [28].



I’ll be honest with you; it’s been three months that I’m lagging behind on making a 6 figure income this year. For the first time in four years I might not make over 100K this year. I’m still making good money (especially for a sideline!) but I don’t treat myself as I used to with my online money. I like to be accountable for my actions and this is why I blame it all on me. I wasn’t smart enough to see it coming and assumed that the online environment would be pretty much the same for several years.


On the other hand, I’m not happy with the status quo and can’t stand failing. This is why I’m currently rethinking my whole business model and looking a different opportunities. The eBook business has recouped a part of my lost income and I hope my future membership site will generate revenues as well. My first book on sale at Amazon is still generating between $200 and $300 of income one year after I’ve launched it. Writing another book would take me roughly 6 months and I would be making another $250/month of passive income.


As far as my membership website, the moment you reach 100 subscribers at $10/month, you just generated $1,000 of semi-passive income. The key is to offer a premium service and this is why we haven’t launched yet.


As far as blogging, I’m not quite sure where I will go with my blogs. We own several great sites but we need to pay for content creation and paid writers are never as engaged as website owners. So chances are that this model will eventually fade out if we keep it this way.


Niche sites and authority websites are still on the radar as they generate a few hundred per month without taking a second of my time.  I just wish I could create bigger sites generating higher income! This is definitely something I need to work on for 2014.


If I had to start all over today, I would definitely start by buying a site that already works and optimize it. I still think it’s the best way to make money on the internet; let others build a site ranking in Google for you! Then, building a newsletter is probably the key for being independent of external forces. But beyond everything, I would my focus on only a few sites and work hard on those exclusively. The biggest weakness of my empire was once its strength; we are everywhere. Right now, we don’t seem being able to manage everything and have simply put too many things on autopilot. This is the biggest mistake we have made; there are no autopilots during a Google Storm!


How about your site? Do you have problem managing it? Would you start a blog today to make money online?



Google+ [30]
You Want More? Sign-up! ->
Tweet [31]
TFB VIP Newsletter
28 Comments (Open | Close)

28 Comments To "Start a Blog & Make Money- As The Money Dried Out of Blogging?"

#1 Comment By Jakub On September 4, 2013 @ 7:18 am

Hey Mike, awesome post!

I’m about to start my blog in few weeks hehe (but not exactly PF oriented), just waiting for new design. I don’t necessary expect to earn great money out of it. My journey to freedom via the internet is by niche/authority sites that require me to put very little work into.

After just a year I’m doing quite well. I guess that’s mainly because I’m the kind of guy you shouldn’t sell anything. Because if you do, it’s never a good deal for you 🙂

My first website I bought is making me 250% pa, I expect my new one (just converting from static html to WordPress) to be also above 200% pa.

As you said there is a lot of ways, and with no doubt it was easier to earn good money in the past than now. Although I also believe that because how fast everything online is changing there are always gonna be new ways to profit.

From those guys you listed I love how Glenn, Jon, and Spencer earn their money. Number of smaller sites with main blog as a platform. You can do whatever you want with your new small-ish site, game the Google is my favorite 🙂 If it won’t work, the loss is not big. Definitely not in compare with the opportunity if it works.

#2 Comment By The Financial Blogger On September 4, 2013 @ 10:05 am

Hey Jakub,

it’s unfortunate but it seems that gaming Google is the easiest way to make money online. Forget about the “writing good content” they preach… it’s not what they rank! hahaha!

#3 Comment By Jakub On September 4, 2013 @ 10:18 am

That’s true. #1 rule is do not listen what Google says 🙂 along with companies like MOZ that are only tools sellers while making sure they won’t piss the big G off.

Content is king and similar empty sentences are true only for already strong websites. Or someone who like to work for free 🙂

#4 Comment By Steven On September 5, 2013 @ 4:57 am

I just registered a PF blog domain name to start my first PF blog. Now this article is making me second guess my choice lol. I was thinking more like 6 months to get around 1k/month. Oh well, back to flippa I go to see if I can buy and optimize a site instead.

#5 Comment By The Financial Blogger On September 5, 2013 @ 6:24 am

Hey Steven,

I guess it all depends on how much work you are willing to put it into. Some people can make it very fast but those are exceptions.

If you are ready to fill your site with sponsored post, you can probably hit $1,000 per month but I doubt it will last over the long haul 🙂

#6 Comment By fiscally fit On September 5, 2013 @ 12:59 pm

I think like everything else, the was once “easy money” (financial “advisor”, realtor, MLM sales) is being restructured. People actually have to add value now. Information is so available, you need to be able to add the something extra. If you can’t say waht your competiive edge is… or better yet a first time reader can’t tell what your blog’s competitive edge is.. you got issues 😉

#7 Comment By The Financial Blogger On September 5, 2013 @ 1:32 pm

Hello Fiscally Fit,

You bring a very intersting point. Finding your competitive edge has to be your #1 priority. Chances are that many blogs (including part of my portfolio) don’t have something strong enough to keep readers stick to their site forever.

I still miss the “easy money” though… hahahaha!

#8 Comment By JR On September 5, 2013 @ 3:48 pm

Fantastic post Mike, that was great! Glenn’s posts over VC were a big eye-opener, that is for sure. Playing a game where you don’t know the rules and they can change at anytime is a good way to put it!

#9 Comment By The Financial Blogger On September 5, 2013 @ 5:05 pm

mind you, it seems that the only way to get traffic is to game Google and while you are getting some success doing it, build another site about the same topic so you can game Google with this next site once you get hit by the first site!

#10 Comment By Martin B On September 5, 2013 @ 8:36 pm

Excellent post! I’ve been blogging on the side for a few years and I’m not even close to 5 figures a year. But I can see where success lies. Generic blogging is not a moneymaker any more. You need to have something that sets you apart. A solution to a problem. When you start with that, you can build from there. And it doesn’t hurt to be passionate about your topic, since you’ll be living it for years if you do things right.
Also, although easy money never lasts, by trying different things you may discover a new path to easy money.

#11 Comment By The Financial Blogger On September 6, 2013 @ 4:42 am

@ Martin,

Finding a “twist” to convert your audience from your generic blog to a product or service is the key if you want to make money online. As you said, most good but generic blogs don’t make much money.

However, if you can tie a few products to sale to your blog, then you can make it. The issue is not spaming your readers at the same time. This is a very thin line.

#12 Comment By Andrew On September 6, 2013 @ 7:53 am

Great post with lots of fantastic advice. I just finished my CFA and am working towards building an income online.

I know it will be tough road, but hopefully rewarding in the end.

Cheers to your success as a blogger.

#13 Comment By Mark Ross @thinkrichbefree On September 6, 2013 @ 9:13 am

I just started my site last March and I could really say that making money through it is really hard. I tried to apply on different advertising networks and the best ones never approved my application. 🙁
I’m trying to work on a new plan and this blog is helping me discover new things and is making me be more open-minded when it comes to stuffs about making money online.

#14 Comment By Kyle On September 6, 2013 @ 9:39 am

I think it may have gotten to the point that even earning $1,000 per month after 12 months might be a bit unrealistic for most bloggers. It’s just SO DIFFICULT to get attention now for a new site. I recently registered kylebumpus.com because I wanted to be able to write about things from a more personal angle and I am really surprised how much more difficult it is to get any traction. It used to be you could just comment on other blogs and submit an article to Tipd and get dozens of visits a day. There are just so many talented writers in the game today.

#15 Comment By Jakub On September 6, 2013 @ 10:37 am

Mark & Kyle: have you done some form of SEO optimization?

Even if you find a low competition keyword related to what you do that gets just 1000 searches a month. After hitting #1 it could bring anywhere between 500 – x thousands (if there is a lot of related long tail kws monthly visitors). Not much, but growing on the internet is often exponential so not bad either. Plus you can rinse and repeat the process.

I plan to start my blog on CinderellaMan.com that I bought. Gets about 27000 exact match searches just in the US. My blog is gonna be about unconventional lifestyle, online business, travel, and heavily focused on pictures since I’m a photo geek. That’s not what these people are searching for in the first place, but I’m hoping that if just less than 2% of them ends up as my readers, that would be 500 a month.

Will see, if it won’t work out I just use the domain for something else and move it on my name.com 🙂

#16 Comment By MMD On September 6, 2013 @ 11:19 am

This one for sure ranks up there in the “epic post” category! It is such a raw, in your face man-to-man talk about what blogging is really like and where its going.

I can identify with many of the points you make here. My blog has been stuck at 10K visitors and $1K income per month for some time now. I’m definintely trying other things to break the mold and change that, but it’s been a lot of trial and error. I really want to stop guest posts because I know they are not a long term business model, and I’m really only using them at the moment to fund my other projects. What I really want is to focus my efforts on building things that are scale-able. Niche sites. Authority sites. Flipping sites.

I especially like your point about how a business is a business whether its online or in the real world. If you can’t hack it out here, then you’re not going to be able to online for very long.

Since you make the point that writing content isn’t really enough to get you noticed or properly ranked, where do you see the value of SEO over the next few years? Should we just continue to game the system and get links (since that seems to be the only thing that Google wants). Or do you think there are other areas we could put our efforts into such as non-Google promotion, etc?

#17 Comment By The Financial Blogger On September 6, 2013 @ 2:19 pm

Hello Andrew,

I know for a fact that several CFA students are looking for answers on the internet, this might be a great topic to cover!


I you need any help, send me an email 🙂 I’ll be glad to help!


I’m disappointed to see how it’s hard for new blog to pick-up these days. It seems Google went for more mainstream websites (+ the one who game search engines).


From now on, I’ve decided to “ignore” what Google does or wants. It’s just too frustrating and it changes all the time. I’ll put more effort into my mailing list and in to keep new visitors around as much as I can for all my site. I’ve already done this strategy with other website and this is how I “survive” so far.

I’ve noticed the number of visitors per month don’t really matter if your goal is to make money through affiliate or selling your own products. The real number that counts is the number of engaged visitors that come to your site each month. This is definitely harder to quantify but those are the ones that matter. they will help you improving your blog (as the current discussion on this post for example) and this is how you can build something great.

#18 Comment By The Passive Income Earner On September 7, 2013 @ 12:53 pm

Great article Mike!

I too have found that the newsletter is were your engagement is. Comments are a good engagement but a short term one. It helps some reader feel it’s a place to be. I lack on the comment side but my newsletter is constantly growing at nearly 100 per month.

It’s really a number’s game as conversions are in the low (very low) single digit. It’s the same in the real world too. That means you need to grow your newsletter but you need to grow your traffic to help grow your newsletter. My follow ups alone keep my subscribers engaged for a full year so far and I have more to come. Plus a monthly update and some specific broadcast here and there.

I had some niche site domain registered but I just don’t have the time to build them … Instead, my next big thing is an eBook. I already have a 100 page draft completed. Time is money and even though the content can be found for free, readers who have money will pay to get organized content and the ability to consume it quickly. The book was always one of my original goals back in 2010 when I started. 4 years later, I’ll probably get there …

#19 Comment By The Financial Blogger On September 7, 2013 @ 5:52 pm

Hey Passive Income Earner,

Don’t quit on the eBook! it takes time but it definitely worth it. It is true that people pay for organized content (which is not the case when you read a blog!).

the more engaged readers will subscribe to your newsletter 🙂 this is where I get the best idea for posts as well… because I write exactly about what my readers want to read.

#20 Comment By Financial Samurai On September 9, 2013 @ 1:40 pm

Excellent overview.

I think the name of the game is to be in it to win it. Longevity provides opportunity!

#21 Comment By Matthew Allen On September 10, 2013 @ 3:38 am

Great timeline here of the evolution of making money online over the past several years. Always good to learn from somebody who’s been at it for a very long time. This post can definitely be filed under the “epic shit” category!! 🙂

#22 Pingback By Blogging Links und Tipps | Girls Guide To Blogging On September 11, 2013 @ 9:28 am

[…] Start a Blog & Make Money- As The Money Dried Out of Blogging? […]

#23 Comment By Hunain @ HowToSaveMoney.ca On September 12, 2013 @ 4:23 pm

If you have knowledge and you know how to write, then I would say that starting a blog will definitely help in making more money. Sharing your knowledge with others and getting your opinion read really feels grate, and as a bonus it can easily be turned into a great source of income.

#24 Comment By John On September 23, 2013 @ 8:40 am

Pat Flynn is the man! I love his honesty!

#25 Comment By MoneyAhoy On October 5, 2013 @ 12:24 pm

Wow – this seems like real realistic info, but a little disheartening to folks that have recently started financial blogs.

Definitely need to consider looking at the buying established blog and optimizing it angle.

#26 Comment By Evan On October 5, 2013 @ 10:48 pm

Wow! I think the only thing you are missing (maybe the ONLY thing) is maybe while the money might have changed starting a blog about something you love even if the money isn’t there is still a FANTASTIC hobby

#27 Pingback By Niche Website Update 10 – NS3 is a Failure and I’m Glad On October 7, 2013 @ 4:02 am

[…] therefore have a much better chance of weathering any Google algorithm changes to come.2)      The Free Financial Blogger also published an outstanding editorial on what he believes the future holds for blogging and where […]

#28 Comment By The Financial Blogger On October 7, 2013 @ 7:37 pm

Hey Evan!

you are right, I think I have forgotten about how fun it was to write for TFB back when it was just a hobby. I have to do that again I think 🙂

Money isn’t everything!