Blogging is a serious business and gets very demanding when the traffic grows on your site. Almost 99% of the people fail to meet the demands of the business. The question here is:
Why such a huge majority especially when financial risks and expenses are bare minimum???
The answer is simple. Most of them are often unaware of the ample number of money-making opportunities that comes their way. A person with a decent understanding of the web technologies (a web savvy) will always be able to adapt to new technologies and hunt for the frequent money making opportunities to cash in big on the financial front. Some of the technological elements which I would like to mention here are blog publishing software, HTML/CSS, blog comments (and comment spam), blog carnivals, affiliate programs, contextual advertising and so on. These are all very important tech supports to your website.
The greatest risk is not in making mistakes but in missing opportunities. You need to have a entrepreneur's mindset and not an employer's. Blogging anyways is cheaper with minimum financial risk. Check out Darren Rowse's Problogger blog for help in this area.
You must have a basic income strategy in mind. Putting things haphazardly on your website will create a mess for you. Set a goal for yourself (say! $100 a month) and try to reach that goal within that period. Decide on your areas of expertise be it Ads, Affiliate programs, product sales, donations or something else.May be a combination of these if it works for you. Take decisions based on your monetization strategy and do a bit of research on the work of other bloggers before you establish your own website.
When you actually start your work after a thorough market research with a reasonable understanding of your readers, you can make use of the contextual ad programs from Google AdSense. Not to forget the recent additions Chitika's eMiniMalls, WidgetBucks and Text Link Ads.The next big thing is to build traffic. If you are able to build a serious traffic, you will not only be creating more and more income generation opportunities but also be reducing your chances of failure. A blog event like Blog Carnivals comes in very handy here for getting free links and traffic for your website.
With provisions like multiple streams of income and automated monetary gains, online blogging comes out as a genuine home-based source of income allowing freedom of work and a suitable platform to build your financial career.View the Original article