If you have been blogging for a while, you are probably aware of how potentially lucrative it really can be. The truth is that most of the people who want to turn their blog into a full business never get round to doing so. This can be for a number of reasons, but most commonly it is a fear of doing it wrong.
Turn Your Blogging Into A Fully-Fledged Business
If you are thinking of turning your blogging into a business, you will want to make sure that you are prepared for what lay ahead. Fortunately, it’s not too hard to know what will be expected of you in order to make it a success. Let’s take a look at some of the things you will need to think about in order to turn your blog into a real business.
How Strong Is Your Niche?
Chances are, you have already long ago decided on a niche which you are writing for. It really doesn’t matter what this is, or even how particular it is – the main thing is that you have one, and it is one that you know well. You also need to make sure that you are going to be happy writing about this one topic or section for a long time, as if you think you are going to get bored of it you might want to choose something else. With a particular niche in mind, however, your next task is to try and determine its strength as a business model.
The answer to how strong your niche is for your business depends on the answer to another question: what do you want from your business? If you are just looking for a minor side-business to attend to on the weekends, then it won’t matter if the niche is incredibly rare or seemingly small. But if you are hoping for the blog to be your main income, that’s another matter altogether – in that case, your subject will probably need to be a little more mainstream. Be sure to determine the true strength of your niche before you get started on building your business.
Will You Need Help?
Most bloggers work alone, for obvious reasons. However, for those seeking to build it into a truly profitable business, there is often an occasion for extra help being needed. There might be many situations which call for more hands on deck, and it’s a good idea to have a sense early on of whether or not this will be the case for you.
You might be wondering what you would possibly need extra help for. For a start, it could be necessary to have someone do your marketing for you. Marketing a blog is tricky business, and if there is someone willing to do it for a fair wage then that can be extremely beneficial for you. You can then spend more time creating great content and building your business in other ways, with the marketing arm completely taken care of.
Of course, once you even hire one other person it is likely you will need someone to also look after payroll. Not all bloggers are money-minded, and payroll is notoriously hard to understand in all its nuances, so it’s a good idea to hire someone from one of the many payroll recruitment agencies out there. Having the right hands on deck can make a huge difference, and as such this is one of the earliest decisions you should make for your blogging business.
Having An Action Plan
Like all businesses, you will absolutely benefit if you have some kind of a plan in place for your blog. This can be as thorough or as detailed as you like – in fact, the more you put into it, the better – but the main thing is that it exists at all. Having a plan not only helps to steer you in the right direction, it is also a way of proving to yourself that you are serious. A concrete plan means that you think of yourself and your business as being serious ventures, and that will radically inform the way you approach it in future.
You might be surprised at the effect this can have; it is definitely something you want to look into doing as early on as possible after you have decided to turn your blog into a fully-fledged business.
Finding The Customers
Form now on, you need to think of your readers not just as readers, but customers. The difference is clear: customers are going to be paying, in some way, for the content you are providing. The truth is that finding customers for a blogging business can be tough, but it is also necessary if you really want to make it work. One great way to do this is to look at blogs which are similar to yours, but without being direct competitors, and bringing them across.
As long as you do this without spamming, but with confidence, you will find it really makes a difference. You are essentially making use of a pre-existing customer base, and in doing so giving yourself a considerable head-start.
Of course, another popular way to bring in more customers is to make use of social media – every business owner’s best friend these days. Provided that you use it in the right way, social media can indeed be a powerful means of drawing in new customers, but you do need to make sure you are doing it in the right manner. Incorrect social media usage is often a huge red flag for new businesses.
It goes without saying that you will also need to find ways to monetize your blog – otherwise there is little point in turning it into a business at all. You can do this in a few major ways: through pay-per-click advertising, through sponsorship, or by selling products. However you decide to do this, you should make sure that it constitutes a big part of your pla so that you can do it in the right way and make the most of it.