This post is written by Sarah Lamb.
While many of us blog for the fun of it, there are others who want to earn from their blog. With the US employment scenario being what it is, blogging is one way you can make money. However to create a blog which can earn you money you have to invest first. Though you may read that you can have a blog without spending a penny, there are some expenses which are unavoidable. Monetizing a blog also takes time. If you thought that you will turn your blog into a money making machine overnight, you are mighty mistaken. This post is about how to manage your finances while waiting for your blog to pick up steam.
Sell The Stuff You Don’t Need
This is the first step. I am sure you would have accumulated lots of stuff over the years – stuff you no longer need. It’s time you got rid of baby’s pram and the little cute cot. The cycle will have to go. Simply have a garage sale and make some money. Let me tell you that you can make quite a tidy sum which can keep you going for some time.
Go For A Personal Loan
If you have a decent credit rating there is a possibility of getting a personal loan. There is a caveat however. Don’t borrow so much that you are unable to manage the monthly installments. You must be prudent while borrowing because personal loans which are given without collateral usually come with high interest.
Guest Post On Other Blogs
If you plan to earn from your own blog means you have some expertize in blogging. While waiting for your blog to take off you can write guest posts for other blogs. Guest posts can earn you a good income and tide you over the hard times. There is another reason why you must write guest posts. By doing this you will get to know other bloggers and how they cope with their finances.
Commenting On Other Blog Posts
Though you may not earn anything from this task, you will certainly get more opportunity to interact with others. As an experienced blogger, I can assure you that this would certainly lead to things which you haven’t plan for. Looking at my comments, one blog owner asked me to write for her on a regular basis and I got paid handsomely. Participation is critical to the success of your own blog.
Conclusion
Managing finances is a tough task – especially when you don’t have enough resources. But you don’t have to be a millionaire also. Juggling home and work can be tough especially on a single mom. Besides finances you also have to balance your emotions. However you have to be practical. For your blog to start earning any money it may take more than a year. During this time you must find ways to keep yourself afloat. You must not only make best use of your existing resources but also look at other opportunities. Guest blogging pays handsomely and you must get into this activity.
