When it comes to making money, few would argue that less is better.
Diversifying your income is a key principle of personal finance that far too many people ignore or simply don’t do.
Today, I want to talk about blogging as a viable source of additional income. While starting and maintaining a blog can be work, usually its benefits are worth it.
Below are some of the best reasons for you to consider a blog as an additional income stream.
You’re in Full Control
The main reason for diversifying your income is to mitigate risk.
Most of America works as an employee, earning an income in exchange for their hard-spent time. But what happens if you get fired? You’re out of a job and out of money.
With a blog, you’re in full control. Nobody can fire you but yourself. You call the shots and you decide where the money comes from. Which leads to my next point…
You Get out What You Put in
Blogging can be a very fruitful adventure, or it can yield absolutely nothing. As the above states, you’re in total control of your blog and how much you earn.
The more work you put into it, the more income you will eventually earn.
There are plenty of people out there that just blog for fun and as a hobby, and that’s totally OK.
However, if you’re looking at a blog as an additional income stream, the sky’s the limit as far as your potential earnings.
Passive Income for Life
One of the more appealing aspects of blogging for money is passive income.
Remember all that hard work you put into it? Well guess what, it’s going to pay off big time. Not just once, for life.
Usually, most of the work that goes into blogging is done upfront. Once that’s complete, it’s more a matter of consistency and maintenance than anything else.
Learning basic SEO and using free tools available to improve your site’s rankings goes a long way to earning a significant paycheck for life.
Exciting and Rewarding Venture
The last reason I’ll talk about today is how fun blogging (and earning money from it) can be.
Blogs are often started by people as a hobby – a way to share their experiences and knowledge with the world.
Let’s say you enjoy working on cars in your spare time. What if you could earn some money on the side just for sharing your passion with other people?
That would be pretty darn rewarding.
If you’re considering starting a blog but aren’t quite sure how or if you want to earn money from it, you should probably just begin anyways.
Blogging can be a very fun, exciting, and rewarding venture for many, regardless of income. It feels really good when a reader reaches out and says “Thank you for this. I really needed it.”
There’s a lot of advice out there telling people that you shouldn’t start a blog for money. That can be sound advice, but it’s completely negated if you create a blog around something you’re passionate about.
It’s totally fine to want to diversify your income doing something fun. If you’re on the fence and considering a blog for extra money, just give it a shot. What do you have to lose?