On January 1, 2011, the first baby boomers turned sixty-five. As baby boomers head into retirement age, many are choosing to stay in the workforce longer. Some are choosing to do so because of financial difficulties (often stemming from the recent recession) while others are doing so because they enjoy working. The rewards, both financially and professionally/personally, are immense.
While many retirees are staying with the current roles, others are using their retirement years as an opportunity to try something new. From volunteering on a golf-course (for free golf), to mentoring younger workers, retirees are finding rewarding opportunities. While these are certainly great opportunities, there is another opportunity that provides the same personal enjoyment, engagement and an income stream… blogging.
The Sky’s the Limit
Believe it or not, many popular bloggers can make hundreds of thousands of dollars from their blog each month. Keep in mind that none of this happens overnight. Blogs at this scale have spent years generate value for their audiences and have thousands to millions of visitors a day. Building up these types of high-trafficked blogs can often times take years to complete. However, a positive is that there is hardly any investment involved and you can work on your blog on your own time. There are plenty of free blogging platforms out there to start out with and if you’re feeling adventurous, buying a domain and hosting aren’t very expensive.
Want to know the key to creating a successful blog that will allow you to make tons of money that will allow you to retire as young as you wish? You need to create absolutely awesome content. This content shouldn’t be something no one cares to read. You need to provide value to your readers that will allow leave them wanting more or viewing you as an invaluable resource. Many bloggers early on think that all you have to do is simply create a website, put up a single article that sells something, and then you’re making thousands a month. This type of plan is garbage and even if you start making money, you’ll eventually be penalized by every search engine out there for having a low-quality site.
One of the best things about blogging, is that it enables you to leverage your passions. Don’t blog about something you know nothing about, or about an impassionate vocation, blog about something you love! Your passion will generate great content and will make blogging a pleasure and not a chore.
How do you Make Money?
Now that you understand how people who create these blogs can be so successful at it, let’s take a look at how these sites actually make money. The first and most popular way that various people make money off of their blogs is by displaying ads on their blog. This is usually in the form of implementing Google Adsense. Through Google Adsense, bloggers are paid every time someone clicks on an advertisement presented on their site. There are other programs that offer a similar deal.
If Google Adsense isn’t your cup of tea (or doesn’t work well with your niche), many highly-trafficked blogs will also sell banner ads directly to companies. These companies will either pay a set fee each month or they will pay to have their ad displayed for so many thousands or millions of impressions. The best part about this method is that it can be extremely stable if you can keep those advertisers each month.
Another way that bloggers make money is known as affiliate marketing. Through affiliate marketing, bloggers are paid a certain amount of money each time someone buys a product through their custom affiliate link. They’ll normally advertise these products through either ads on their blog or by writing up a blog post advertising the product.
While a blog isn’t for everyone, it can be a wonderful opportunity for people with a passion for something and a desire to share that passion with others. The hours are flexible, the costs to begin are minor and you can do it indefinitely. If you have a passion for something or a desire to share your knowledge with others, blogging throughout your retirement may be just the ticket!
While most technical know-how to begin blogging can be garnered through information that is readily available online (bloggers love to talk to others about how to blog), you may benefit from a more technical approach. The team at www.technology-colleges.info is there to assist you with all of your technical educational needs, from web-development to information security.