Setting up a blog and running a website is very easy. SiteRubix by Wealthy Affiliate provides you with the technology to start a blog in under a minute. However, as easy as it is to start, many people do fail in this industry.
Depending on your intentions for starting a blog, motivation, determination, and being realistic greatly affect your chances of success. Some people start a blog solely to make money. And these people usually give up first because they’re expecting easy money.
Some people start a blog for passion. But as humans, we often change in passion. One day, you’re passionate about something, and the next day you’re not.
In short, you must view your blog as an actual business. Otherwise, you will fail miserably. For most people, they don’t view a blog as a business due to the cost of entry. You don’t have to invest hundreds of thousands of dollars to start a blog like a brick and mortar business.
But if you pretend that your blog costs a million dollars to start, your mentality toward your business will be different because you have a million dollars on the line.
With that said, I will go over a few important tips on how to improve your odds of success when starting a blog. Without further ado, let’s get started!
How To Improve Your Odds Of Success
(Not In Any Particular Order)
Tip #1. Setup A Business Plan:
You should never make important decisions in your life without making plans. Would you climb Mount. Everest without a plan? I hope not because you’re probably not going to make it.
You should always get in the habit of writing things down because you can always refer back to it and see if you’re on track to success. Those who start without a clear plan will struggle in the very beginning which also affects the success rate.
Questions you should ask yourself when starting a blog:
- Why are you starting an online business?
- What do you want your business to be about?
- What do you want to call your business?
- How are you going to market yourself and your business?
- How do you plan on monetizing?
- Where do you want your business to be after 1 year? (Traffic, Sales, etc)
The message I’m trying to convey here is to write everything down when it’s about your online business. You can always refer back to brainstorms and ideas.
This will help you with being more effective at producing content and making sales.— You don’t want to be thinking about what to write about after you’ve already paid for a domain and website hosting.
#2. You Need To Find Yourself A Mentor:
The success rate is very low when it comes to making money online, so you need to do whatever it takes to increase the odds of success.
You can do so by hiring a personal mentor or coach, so when you hit a speed bump, you’re not alone. It’s one of the reasons why people quit because they can’t figure out how to continue.
That’s why after blogging for 3 years, I still highly recommend Wealthy Affiliate. They are not just a provider for web hosting, domain management, keyword research tool, etc.
They are a community of aspiring solo entrepreneurs with various levels of experience. There you can reach out to your personal coach or people in the community.
Their LiveChat is active 24/7 giving you the flexibility to work on your business at any time.
#3. Keep Track Of Your Budget:
Most of us who start an online business don’t have a lot of money. That’s why budgeting and keeping track of your expenses is very important.
You don’t want to blow all of your money on the most expensive WordPress Theme or Plugin. Work with what you have first without putting a huge dent in your bank account.
Write down what your monthly expenses are (outside of your business) and (within your business). Don’t waste your money on everything you see because you want to have enough money to pay for domain cost (annually), email autoresponder (monthly), and website hosting services (monthly).
#4. Keep A Positive Mind:
People are always skeptical about things they don’t understand. Do not allow negativity to get to you! I’ve had friends and family members questioning what I do and telling me to stop wasting time.— Do not get upset, they will realize one day when you become successful.
This is how I encourage myself: If I’m not working on my website, what else would I be doing? Watching television? Hanging out with friends? Well, that would surely not help me make money.
#5. Reinvest Your Earnings:
As long as you follow the training and take action as you go. You will definitely start making money online and that’s when you have to decide what you want to do with it.
You can go take your friends out for a nice dinner at a nearby steakhouse or you can reinvest that money back into your business to help it grow.
Do you remember the things that you had to put on the back burner simply because you couldn’t afford it yet? That nice autoresponder for your email list?
The money you make online can be used to open doors to more opportunities such as pay-per-click campaigns, sales funnel creation software, a new theme, marketing tools, etc.— Basically, you are putting the money back into your business to eventually make even more money.
#6. Take Care Of Your Readers And They Will Take Care Of You:
When you take care of your readers, they will take care of you by sharing your articles on their Social Media platforms. A successful business is successful because they have repeat customers.—This applies to all forms of business including your regular brick-and-mortar.
Never ignore your readers because they have the power to never return. That’s why I take my time to answer each and every comment.
Here’s a quick refresh on how to make money online: Traffic + Conversion = Money
The formula is very simple, but it can also be very complicated at the same time. If you don’t take care of your readers, you will not receive the traffic it takes to convert and earn money.
The next time your readers ask you a question, you should think twice before throwing them on the back burner because you will be virtually cremated.
When someone tells you it’s easy to make money online, they are lying to you. Nothing worthwhile comes easy especially when you’re competing with many other bloggers on the internet.
Starting a blog is extremely cost-effective, so naturally, a lot of people are also doing it. And that’s why having a strategy is an absolute must-have.
Remember, it’s not what you learned, it’s how you implement what you’ve learned. The 6 tips on how to improve your odds of success when starting a blog that I’ve provided you here is not the holy bible.
Most importantly, when starting a blog or any type of business, you’ll want to remember that you’re doing it for your customers. You’re doing it to solve a problem for people.
People will naturally become your follower when they see that you’re there for their best interest.
I hope this article was helpful! If you have any other questions, please feel free to leave a comment down below and I will try my best to help you out.