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How To Create A Money Making Blog

How To Create A Money Making Blog

There are blogs out in the world that bring in thousands, and hundreds of thousands of dollars a month for their owners. At the most basic level, the formula that creates a money making blog is very simple: write valuable content, create relationships with readers, and sell products to those readers. But anyone who has ever tried to monetize a blog knows that there’s more to it than that. So how do you create a blog that can change your life?

Create valuable content

One of the biggest, and most obvious keys to creating a moneymaking blog, is by providing content that offers value to readers. Great content brings readers back again and again, after all; without that value, readers won’t return to your page.

Content can provide different types of value. Your content might be informative, funny, educational, or a little bit of everything. Whatever you decide, be consistent, and don’t get distracted from your true mission. Readers won’t want to guess at what they’re going to get on any given day. Pictures of your cat one day, followed by a video on how to change your car’s headlights the next, will confuse readers.

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Build relationships

If you write it, the money will come, right? Not exactly. Once you’ve created valuable, interesting content, the next step is to build relationships with readers so that they think of you as an expert on your topic. Sharing articles on social media, authentically interacting with other people as your professional persona, and responding to comments, are all ways to build relationships with your readers.

Create income streams

How would you like your blog to make money? Allowing other companies to show ads on your site is one way to generate a little bit of income; affiliate marketing is another; setting up a digital store to sell products or services is a third. Different blogs will thrive with different approaches. In general, the most successful income streams will dovetail with the topic of your blog. For example, a knitter who is blogging about knitting, might begin to sell knitting patterns. A book blogger who writes reviews and how-tos, might decide to sell their services as a beta reader or editor.

Sponsored posts

As you build your audience, you might be approached by companies who want to pay you to review their product or service. This is perfectly acceptable, as long as you are honest with your readers about what’s going on, and abide by search engine guidelines. If you’re writing the post yourself, admit that it is a sponsored post, and that everything presented is your own honest opinion. If the company is giving you a post, introduce the sponsored post, and then let their content take over.

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Either way, avoid overusing sponsored posts to the point of drowning your own content. After all, your blog is successful because of your voice; don’t forget to keep your own content front and center.

Sell your expertise

Many bloggers, once they have developed a successful blog, find that a logical next step is to sell their expertise in the form of white paper or ebook. There are two options for these; if you have the time and are comfortable writing long form, you can write a document yourself and upload it to your blog to sell. If you’re less comfortable, or have the financial ability to pay someone else to write it for you, ghostwriters are available by the dozen on platforms like Upwork.

Many bloggers find this to be their most impressive revenue stream over time.

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Pay walls

Some bloggers find that they can offer a certain amount of content for free, but then offer higher quality or deeper content behind a pay wall. Customers pay for a membership to access the full content of your website. For this to work however, you have to have a devoted readership that doesn’t feel it can get the same content anywhere else. You also must have an impressive offering behind that pay wall. Many people feel very frustrated by subscription sites, and will avoid the site altogether rather than browse even the free content available.

Donations

Some bloggers have found success by using services like ko-fi, which are micro-donation sites. You sign up for an account, and place a button on your website. You periodically point it out to readers in your writing; many people use a suggestion like “if you like what I have to say and want to support my work, buy me a coffee.” Their payment goes to your Paypal account.

The most important thing to realize is that blogging will never be passive income. You will spend a great deal of time developing content that customers want to pay for. If you’re willing to put in the work however, blogging can provide an impressive supplemental income source for your family or yourself.

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Featured photo credit: pixabay.com via pixabay.com

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Margarita Hakobyan

MBA from the University of Utah

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Last Updated on December 10, 2019

7 Strategies to Keep Employee Motivation High

7 Strategies to Keep Employee Motivation High

Highly motivated employees are essential to the success of any business. Most people spend a third of their lives at work.[1] That’s a significant amount of time away from home, apart from the people who make us happy and the things we love to do. So keeping employee motivation high is essential for creating an office environment that gets the best out of our people.

But do you know what motivates your people?

It’s simple:

  • Is their work stimulating?
  • Does it challenge them?
  • Is there room to grow, a promotion perhaps?
  • Do you encourage creativity?
  • Can they speak openly and honestly with you?
  • Do you praise them?
  • Do you trust your staff to take ownership of their work?
  • Do they feel safe in their work environment?
  • And more importantly, do you pay them properly?

Every one of these factors contributes to the general happiness of your employees. It’s what motivates them to come into the office each day and work hard, hit goals, and get results.

In contrast, an unmotivated employee is typically unhappy. They take more sick days, they’re not invested in seeing your business succeed, and they’re always on the lookout for something better.

Stats show that 81 percent of employees would consider leaving their jobs today if the right opportunity presented itself.[2] So it’s up to you to set aside time and energy to create a work environment that benefits every one of your employees.

These seven strategies will help you motivate your people to consistently deliver quality work and, more importantly, to stick around for the long term.

1. Be Someone They Can Rely On

You rely on your people to turn up to work each day, to come to you when they have a problem they can’t solve, to be honest, and to always engage professionally with customers.

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But this is not a one-way street. You, too, need to be someone your team can rely on. They trust you to have their backs when a client is unreasonable, to know that the decisions they make are in your best interest, and to make good on your promises.

If you say you’ll attend an important meeting, be there. If your company makes a profit and you’ve said you’ll pay a bonus, pay it. The goodwill of your people is something you never want to test, let alone lose.

Be reliable; it’s astounding how much this motivates your people.

2. Create an Awesome Company Culture

There’s no denying that company culture trickles down from the top. Your leadership and attitude massively influences the attitudes, work ethic, and happiness of your staff. If you’re always stressed-out, overly demanding, and unreasonable, it’ll create tension in your office which will adversely affect your employees’ motivation levels.

In fact, the HAYS “US What People Want Survey” found that 47 percent of staff who are actively looking for a new job, pinpoint company culture as the driving force behind their reason to leave.

So if you have high staff turnover, you need to determine whether your company culture might be the motivating factor behind your churn rate.

Here are four ways to build a culture that keeps your employees highly motivated.

  • Be conscious of the image you present. Your body language and attitude can positively or negatively impact your employees. So come to work energized. Be optimistic, friendly, and engaging—this enthusiasm will spill over to your people and motivate them to be more productive and efficient.
  • Appreciate your people and be reasonable. Celebrate your team’s achievements. If they’re doing a good job, tell them. Encourage them to challenge themselves and try new things. And reward when deserved. If they’re struggling, help them. Work together to find solutions and be a sounding board for their ideas.
  • Be flexible. Give your people opportunities to work remotely—this is highly motivating to staff, particularly millennials. They don’t want to be battling traffic each day on their way to work. They don’t want to miss their kids’ baseball games or ballet rehearsals. Stats show that companies that offer flextime and the ability to work from home or a coffee shop have happier and more productive employees.
  • Create employee-friendly work environments. These are spaces that inspire and ignite the imagination. Have you ever been to Google’s offices? No headquarter is the same. From indoor slides and food trucks, to hammocks, and funky work pods on the wall, gaming rooms, and tranquil interior gardens, there’s something for everyone. It’s a space where people want to be, catering to their need for creativity, quiet, or team building; you name it.

So take a look at your company culture and ask yourself, Is my business an attractive workplace for talented professionals? Does it inspire commitment and motivate my people? What could I do to improve my company culture?

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3. Touch Base with Your Team Weekly

Make time for your people, whether you run a remote business or work in an office, set aside time each week to talk to your people one-on-one. It’s non-negotiable.

When there’s an open line of communication between staff members, work gets done. Don’t believe me? A study by Gallup found that 26 percent of employees said feedback from their leaders helps them to do a better job.[3]

Your people want to feel trusted. They want to take ownership of their work, but they also need to know that when they have a question, they can reach out and get answers. If you’re unwilling to make yourself available, your team will quickly become unmotivated, work will stagnate, and your business will stop growing.

So block off time on your calendar each week to touch base with your people, even if only to let them know that what they’re working on matters.

4. Give Them the Tools They Need to Do Their Jobs Well

Imagine trying to run your business without electricity. How would you contact your clients? What would happen when your phone or computer battery died?

Technology is super critical to the success of your businesses. It allows you to work more efficiently, to be more productive, and to handle matters on-the-go. That’s why you need to give your people tools that will make their jobs easier.

Make sure their equipment is in good working condition. There’s nothing more frustrating than a laptop that takes ages to boot up. It’s got to go. Replace outdated software with new software. Don’t make your designer work in Coreldraw; give them access to the most up-to-date version of Adobe Creative Suite. Take it a step further and buy them a subscription to Shutterstock or Getty Images.

Make working for you a pleasure, not a pain; and watch your employees’ motivation levels rise.

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5. Provide Opportunities to Learn and Upskill

Would you believe me if I told you that 33 percent of people cite boredom and a need for new challenges as the top reason for leaving their job?[4] If you want to retain your talent, you need to upskill.

Thanks to technology, we live in a rapidly evolving world that demands we change with it. A copywriter is no longer just a writer; they now need to be experts in SEO, Google Adwords, CRMs, and so much more.

A pastry chef needs to be a food stylist, photographer, and social media manager. An entrepreneur needs to be a marketer—or at least take ownership of the marketing message for their business—if they hope to scale.

Technology makes all of this possible. No matter your location, your people can continuously expand their knowledge and gain new skill sets—something that’s highly motivating to employees. They want to know that there are opportunities to grow and develop themselves.

If you won’t invest in your people, then your business becomes just another job to tide them over until they find where they truly belong. So be the company that sees value in developing its people.

6. Monitor Their Workload

Overworked employees tend to be unproductive and unhappy. Your people cannot be at full capacity every day, month to month. Something’s got to give. They’ll become deflated and their work will eventually suffer, which will negatively impact your business.

What I like to do is implement a traffic light system. It helps me to keep a finger on the pulse of my business. So there’s red, yellow, and green:

  • Red means they’re fully loaded.
  • Yellow means they’re busy, but they can potentially take on more.
  • Green means they haven’t got enough to do.

I use this traffic light system because I don’t want my team members to be stressed out of their brains all the time. If they are, they won’t make good decisions and they won’t do good work.

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If my people are regularly overloaded, I have things to think about. Perhaps I need to hire a new person to help ease the load or take a closer look at what projects are good to go, and which can take a back seat.

And this is why #3 is essential. If I’m regularly engaging with my people, I’ll know that while they’re coping with their workload, it is impacting their performance and health, and I’ll take action.

7. Don’t Mess Around with Your Employees’ Pay

Never mess around with your people’s salary. As a business owner or high-level manager, it’s easy to forget that most people live from paycheck to paycheck. Delayed compensation can mean a missed bill payment, which could result in costly penalties they can’t afford or hits to their credit score.

So it’s your job to ensure that you pay your people on time.

The Bottom Line

A motivated team is an asset to any business. These people never give up. They get excited about coming to work each day and can’t wait to test a new theory or tackle a particularly tricky challenge. They’re proud of the work they do. And more importantly, they have no reason to leave.

Wouldn’t you rather be part of their success story than the business that drove them away?

More to Motivate Your Team

Featured photo credit: Emma Dau via unsplash.com

Reference

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