Money is important, and so is the desire to manage and grow one’s personal wealth. That’s all covered under the niche of personal finance. Personal finance pertains to the management of money and other financial instruments and aspects related to an individual and also family. Personal finance includes income, taxation, insurance, real estate, mutual funds, equities, loans, home finance, mortgage and every other finance- & wealth-related aspects for individuals.
Are you a personal finance adviser in your professional avatar? Do you have a good understanding of different areas of personal finance? Do you specialize in taxation, insurance or any other segment? If you’ve struggled your way through money woes and found a way to come out on the other side, you have lots to teach other people.
Why not Start a Personal Finance Blog?
With your personal finance blog loaded with money tips & advice, you will not only be able to help people manage their money wisely, but also enable yourself to benefit from owning a personal finance blog where advertisers spends loads of money.
If you look at the advertising spends online, finance companies pay maximum money for their advertisements online. In Google Adsense, you will find that financial advertisements have highest cost-per-click, or CPC, the money that the advertiser pays when a visitor clicks on the ad displayed.
There are so many subjects and topics under the general heading of personal finance, and people are always looking to discover more ways to make money and also to manage & invest their income wisely. You can start a blog in the personal finance niche and benefit from this popular segment.
Anyone who has ever thought of starting a blog, regardless of the topic, typically has the same questions: How do I start blogging? Why should I start a blog/website?
How to Start Your Personal Finance Blog?
Here we will learn how to start a blog (website) in a nutshell.
The first thing to do is to find a “home” for your blog. Choose a domain name for your blog and register it with a reliable domain registrar such as GoDaddy. Get hosting with a good web hosting provider and opt for a basic plan to start. You can always upgrade if blog is successful and starts to grow. At first, you won’t likely have many users on the site at any given time, but at your blog grows in popularity you will hopefully see many more users visitng your site at any given time so your hosting needs may change.
Once you have your host set up, you’ll need to choose the software to run your site. Most people use WordPress because it is free and easy to set up. Even if you don’t have any previous experience in setting up a website or blog, you can easily install WordPress blog website in just a few clicks. Pick a theme and start populating your blog with your great wit and wisdom!
How to Earn From Your Finance Blog?
Like any other blog, there are essentially three basic ways you can make money with your personal finance blog: advertising, affiliate programs, and selling products/services. Let’s look at each of these income possibilities a little more closely.
This is by far the simplest of the income streams available to personal finance bloggers. Through Google Adsense, relevant advertisers will be placed on your site. For every thousand views, you’ll get a few cents. If people actually click on the ads, you’ll earn more. At first, the earnings will be modest, but it will be steady and it will grow over time as your readership increases.
One of the most popular affiliate programs is Amazon affiliates. Through this program, you can promote and link to any product on Amazon and if someone buys the product using your link, you get a percentage of the sale. Specific to financial blogs, you may want to explore affiliate programs run by banks, investment companies, and credit card companies that offer you a payout each time your readers sign up for a credit card with your link.
With any affiliate program, it’s important that you only recommend products that would be a good fit for your readers and that you would personally endorse to a friend. You’ll lose credibility if you promote things just for the sake of promoting something.
Products & Services
In some cases, people use blogs to drive traffic to their e-commerce website. This can be an effective strategy for driving traffic to your website, to gain exposure for your business, and to provide a way for you to communicate with your customers.
All that is left to do is to publish your work and promote it! Find other financial bloggers, read their content, and make comments. This is one of the best ways to get your name out there and in front of interested parties.
Once your blog is populated with several posts, start making connections with other like-minded bloggers. Ask them if they’d consider letting you write a guest post for their blog. That’s a fantastic way to get your name out there, too, because it gives you the opportunity to piggyback on the established reputation of the experienced blogger.
Starting a financial blog isn’t difficult; it’s just time-consuming. At first, it’s going to require lots of hard work and diligence, but if you are patient and work hard, you should see some results before long.