If there is one thing we can say about online gaming, it is that the market is growing at an alarming rate. A lot of this growth can be attributed to the popularity of mobile gaming and the rise of countries like China and India as major gaming markets. However, numerous other factors are at play as well.
One of them is the sheer versatility of the market. Today, you can enjoy video games or play casino games based on the reviews of the top casino sites at wageringadvisors.co.uk to win some real money. You can make a big casino win, but the bottom line is that gambling is just another form of gaming.
One of the most important aspects of online gaming is its effect on the national economy. This is a topic that is often debated, with some people arguing that online gaming promotes economic growth while others claim that it has a moderate impact. Let’s take a closer look at this amazing subject!
The video game industry is a global phenomenon, with billions of dollars in revenue generated each year. This money doesn’t just disappear into the ether – it goes towards supporting the economies of countries all over the world.
For example, many analysts believe that the video game industry is responsible for directly employing over 100 thousand people in the United States alone. But this is just the tip of the iceberg – when you factor in indirect employment, the number jumps to over 2 million. That’s a significant contribution to the US economy!
And it’s not just the United States that benefits – countries like Japan, Canada, and South Korea are also home to booming video game industries with similar economic benefits. It’s clear that the video game industry is a major force in the global economy, and one that is only going to grow in importance in the years to come.
But how does it contribute to national economies in practical terms? Let’s check it out here:
1.It generates additional tax income
First of all, the video game industry generates a significant amount of tax revenue for governments all over the world. This is because most digital products – including video games – are subject to value-added tax (VAT) or goods and services tax (GST).
This means that when a company sells a video game, the government gets a cut in the form of taxes. And when you consider that the video game industry is worth billions of dollars, it’s easy to see how this can add up to a significant amount of money for governments.
For instance, video games generated approximately$50 billion in revenue in the US last year. It’s a staggering figure, and it’s estimated that the government collected around $3 billion in taxes from these sales. That’s a significant amount of money that can be used to fund public services or invest in infrastructure projects. And it’s not just the US – governments all over the world are benefitting from the taxes generated by the video game industry.
2.It creates new jobs
Another way that the video game industry benefits national economies is by creating new jobs. As we mentioned earlier, the industry directly employs millions of people all over the world and this number is only going to grow in the future.
But it’s not just traditional jobs that are being created – the video game industry is also responsible for the creation of new types of jobs, such as game designers, developers, and programmers. These are high-paying jobs that require specialized skills, and they’re in high demand all over the world.
The video game industry is also indirectly responsible for the creation of jobs in other industries. For instance, the popularity of eSports has created a whole new industry, with jobs for commentators, analysts, and tournament organizers. And as the industry continues to grow, we can expect to see even more new job types being created.
3.It creates jobs in other fields as well
As we just mentioned, the video game industry isn’t just responsible for jobs in the gaming sector – it also creates jobs in other industries as well. For example, it supports tourism by attracting people to visit locations that have been featured in popular games.
It also creates jobs in the retail sector, as people need to buy consoles, games, and other gaming equipment. And let’s not forget about the job created by people who make snacks and drinks to keep gamers fueled during their marathon gaming sessions!
4.It boosts tourism
Another way that the video game industry benefits national economies is by boosting tourism. This might seem like a strange concept but bear with us – it makes perfect sense when you think about it.
You see, many video games are set in real-world locations, and this often leads players to develop an interest in visiting these places in real life. For instance, games like Assassin’s Creed and Call of Duty often feature iconic locations like Paris and New York City, and it’s not uncommon for players to want to visit these places after playing the game.
This desire to visit real-world locations featured in video games is known as “game-induced tourism,” and it’s a growing phenomenon all over the world. In fact, a recent study found that game-induced tourism is responsible for generating billions of dollars of revenue every year.
So, there you have it – three ways that the video game industry benefits national economies. It’s clear that the industry is a major force in the global economy and one that is only going to grow in importance in the years to come.
Alternative gaming branches make an impact
The gaming business is not just about video games. On the contrary, it is about online casino gambling as well. Modern casino features are so powerful that they managed to recreate the gambling experience and make it digital. One of the main casino life hacks you should know is that this transformation had a few major benefits.
The most important one is that casinos are now able to reach out to a much larger audience. Namely, everybody with an internet connection can gamble without having to leave their homes. It turns gambling platforms perfect for every player and gamer who wants to place a bet or simply enjoy playing casino games.
One of many casino tips is that you can also gamble without hazard or risk by sticking to demo versions. This type of gameplay is not connected with any real-money transactions. Players can test their skills, strategies, and knowledge without having to invest a single dime. In other words, they can have fun and learn something new without any financial risks.
The gaming industry logic also encourages casinos to offer players various bonuses and promotions. These are perfect for those who want to get the most out of their gambling experience by spending less money. In other words, casino platforms help players save up and have more fun at the same time.
Finally, let’s not forget the role of sports betting in the gaming business. It is one of the most popular gambling activities in the world, and it perfectly represents the gaming industry’s potential. The best thing about sports betting is that it can be done online as well. So, there you have it – another example of how the gaming industry benefits national economies.
The bottom line
All things considered; it is evident that the gaming business has a tremendous impact on the economy. This impact can be seen in different ways, such as job creation, boosted tourism, and the development of alternative gaming branches.
What’s more, the industry is only going to grow in importance in the years to come. So, if you’re looking for a way to make a positive impact on your national economy, you might want to consider investing in the video game industry.
Leveraged income is probably one of the best incomes you can have.
You essential create something once and get paid for it multiple times!
Guys, this is how you can end up generating what Dan Lok calls F.U. money.
This type of passive income is what’s going to set you free.
Here are 5 ways you can earn leveraged income.
Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.
Lets get started!
There are 3 Types of Income
But before I get into them, let’s quickly discuss the different types of income.
There are three main types of income, all of which require different resources in order to move them.
Linear Income – The first is linear income, which is the type of income most people have. It’s where the resource you trade for money is your time. This is your typical 9-5 job, freelance, etc.
Passive Income – Passive income is money generated through investments. This can be income from a high interest CD or savings account. It can also be in the form of dividends paid out from shares of stocks. Passive income may also be generated from rental income if you own property. The resource required for this type of income is capital.
Leveraged Income – And finally, there’s leveraged income. Enough leveraged income and you no longer have to rely on linear income to pay your bills. Leveraged income is earned by creating something once and getting paid continuously for it. You’ll need an audience in order to make the most out of this type of income.
If your goal is to become wealthy, you need to get rid of your linear income.
This income is holding you back more than you know.
Why work 8 hours for someone else when you can use 8 hours of your day to work on growing your own business.
How can I escape my 9-5 job?
Escaping your 9-5 is going to require a lot of work on your part but it is certainly possible.
You’ll need to pick up a side hustle while you’re employed.
You can also choose to start your own business or follow an art project.
Once you’ve chosen what you’d like to pursue, work on this idea every day after work.
When I learned that Elon Musk and Steve Jobs all had the same hours in a day as I do, I really started using my time wisely.
Figure out how to earn money outside of your job so you’re not 100% dependent on your linear income.
Start setting yourself up for passive income
One way I started was by setting myself up for passive income.
I then downloaded the app Mint by Intuit to track my net worth. It gradually went from $6K to $10K and so on.
It has since reached +$100k.
I began putting money in stocks and in a high yield savings account where my money would do something.
Rather than have it collect dust I figured I’d put it to use.
When I saw returns I let go of fear that was holding me stuck to the 9-5.
To start, you may register as a Kindle publisher and start selling fiction or non-fiction works.
Making your website specifically sell your ebooks is an additional choice.
Because you can charge more for your ebooks and retain all the earnings, this option is preferred by most individuals.
Even though it’s a simple method to earn money, writing the ebook is often the most difficult aspect.
Yes, a minor expenditure will be needed, but it will only be necessary once.
There are no more fees after that, and that one ebook will continue to generate income while you sleep.
Become a personal trainer
If you know about fitness, you may work as a personal trainer.
People are prepared to pay extra for them even if a personal trainer is only there to keep them focused on their goals.
You may be able to help yourself out financially while also helping other people.
Diversifying into nutrition is also feasible, assisting them with meal preparation and other associated issues.
You may attempt to attract customers to the gym in your area, but depending on where you live, you might need to be certified.
Do research projects
People make money online by doing research for companies on platforms that are available online.
The research projects involve:
Recommending products or services.
Figuring out how they stack up against the competition.
Doing market research.
To join, you fill out an application, and then they give you a quiz and a test project. If you pass, you can review project requests and get paid to do research.
Strat a e-commerce site
Every time someone buys anything from your online business, you get paid for the transaction.
Your earnings, which you may either take home or reinvest in your firm, are left over after paying your suppliers, carriers, and other costs like marketing and taxes.
The time it takes to generate money with e-commerce relies on various variables, including the trending development of your niche, the intensity and scope of the competition in the market, and the time and resources you devote to starting the firm.
You have your manufacturers, inventories, storage facilities, carrier networks, and logistics system set up.
While this is a viable option, it’s not the only one and definitely not the smartest in the long term.
Small business growth hacking is all about minimizing risks.
So, instead of taking on additional debt, consider these financial options:
Crowdfunding: This is a great option if you have a solid product/service and an audience that’s willing to invest in your business.
Family and friends: You can always approach your loved ones for financial help. Just make sure you have a proper structure in place and treat it like a business deal by creating contracts, specifying interest rates (if any), and having a clear repayment plan.
Grants: Check with the government or other organizations for business grants that you may be eligible for.
Blogs are also a part of your online presence. But if we were to recommend one aspect of digital marketing that can boost your small business’s growth by leaps and bounds, it would be blogging.
How so? Well, blogs help you build customer relationships and generate leads.
Basically, people read blogs to learn something new. When you share bits of your business and educate them about subjects relevant to your product/service, it helps them trust you and regard you as an authority.
It also helps them view you as an approachable and customer-friendly entity when they interact via comments or emails.
Plus, if you link your blog with an analytics tool, you can monitor the traffic and get some very useful data to generate leads. You can further narrow down your target audience or market your service/product to them via email marketing.
Now, blogging need not be on websites only. You can maintain a blog wherever you’re likely to find the majority of your audience. If you target other business owners or CEOs, it’s a good idea to maintain a blog on LinkedIn.
Plus, this approach is highly resource effective. It takes only about 30 minutes to share something valuable with your target audience (no need to go fancy, use free tools like Canva to design graphics and pair them with value-adding content).
If you’re blogging on a social channel like LinkedIn, you will have minimal platform costs. And if you have a website, you’ll only have to pay around $20 – $60 monthly.
An online business will provide you with the freedom to work from home or anywhere else in the world.
If you value the freedom to travel then know that this is what an online business can provide for you.
Travel While You Work
Also known as the laptop lifestyle, traveling while you work requires discipline.
However, the lifestyle provides a freedom working in a desk will never provide.
Notice I said travel while you work not work while you travel.
That’s because life changes when you get your freedom back.
You’re technically working all the time while enjoying your surrounding freedom.
The first taste I got from the laptop lifestyle is when I went on vacation to Rocky Point while working a sales commission job.
And even though I was on vacation, I still had obligations for my clients.
We were in this beautiful luxury apartment with a stunning view of the resort and ocean.
That day we arrived I had emails to answer and clients to call back.
Keep in mind at that time I was managing my clients from an office.
That’s when I first discovered this freedom.
Here’s a picture of my son Frankie chillin as we unpacked food in the apartment.
I knew that if I wanted a life like this, I would need my online businesses to out-earn my salary.
That’s not how it happened though, I took the leap and eventually went all in.
More on that later!
Scalability Skyrockets Your Income
So not only do you get your time back but you have the advantage of earning a ton of money with an online business.
The reason being is that most online businesses can be scaled MASSIVELY.
Online businesses can all be scaled very differently.
Some are easier and quicker than others while a few businesses do take more time.
Now, just because some online businesses are easier and quicker to scale, it doesn’t mean they don’t require a lot of hard work and attention to detail.
An online business is still a very real business.
Your new business will require you to put your real life skills to work in order to manifest your career goals and that dream life.
Online businesses are the reason why you see and hear about a lot of younger people earning 6-figures per year just from their laptop.
I’ll get more in depth on how you can scale your online business a little later.
Here’s how you start.
How Do You Start an Online Business?
How do you start an online business, right? Where can you start an online business?
These questions usually leave beginners a little mind boggled.
How exactly do you turn nothing into something?
The answer is actually quite simple.
You’ll need a website or online platform to use depending on your niche and type of business you’d like to create.
Your website will be your foundation to your entire online business model.
It doesn’t matter what type of online business you create, but you’ll need either a website or platform to begin.
I would personally avoid a free website like WIX only because it will not provide you with the tools necessary to scale.
The purpose of an online business is to scale it enough to provide you with the financial freedom you deserve.
So, for starters, I recommend building your own site using Bluehost.
It’s very easy to use but if you don’t want to spend the time personalizing your own site you can always pay a few hundred to thousand dollars to a professional who will use the same platform.
What type of online business models require either a website or platform to begin?
If you are interested in the following, you will need a website:
Providing online services and consultation
If you prefer the following, you’ll need a platform:
Selling a product
Visually informing or training
It may not seem like a ton of options but believe me there are many niches within each of these categories.
How does an online business work?
An online business provides value online, and you get compensated online.
Your online business will earn money depending on what type of service you provide.
You will get paid depending on how your online business is monetized.
I’m going to go over this more in detail down below.
What Online Business should I start?
The online business you start is going to depend on these 5 major key points.
Would you rather provide a service, provide information, or sell a product?
Are you looking for a more hands-on experience or more virtual experience?
Do you want to earn money per project or passively?
Will your startup require a lot of capital, or very little to no capital?
How important is mass scalability to you?
By answering these 5 questions, you’ll have a grasp on what type of online business you’d like to create.
Below you will find a number of online business ideas that will help you identify which model aligns with your needs.
Online Business ideas for beginners
I’m going to break down all the things you can do with these online business models.
Your personality and intuition will naturally gravitate towards a specific idea.
This is a writer lovers paradise.
Blogging allows you to share your experience, knowledge, and stories at massive scale.
What makes blogging an attractive online business model is that just about anyone can provide value to an audience based on a particular niche or subject.
Entrepreneurs are blogging about really just everything!
Here are some blogging topic ideas:
Write about your experience in ‘X Industry’. Maybe you love the industry you work in or are an expert in it. Write about it and answer questions people might have on a variety of subjects pertaining to your industry.
As long as there’s a real interest in it, you can blog about pretty much anything. People are earning money blogging about travel, teacher life, mom or dad life, pet life, college life, automotive, tech, and so much more!
How Do Bloggers Earn Money?
Bloggers earn money through a number of ways.
One is through display advertisements, like the ones you see on my website. T
he second way bloggers earn money is through affiliate programs.
Bloggers can earn a commission for making a sale of certain products or services.
Bloggers may even sell their own products or services online.
How Much Money Do Bloggers Make?
Bloggers can earn 3 to 6-figures per month depending on how you monetize your website.
My website currently earns 5-figures per month.
Scaling your audience is key to scaling your online business.
If starting a blog interests you be sure to read the beginners guide below.
It will walk you step by step on how to start using a self-building website platform called Bluehost.
The process is very easy and only takes minutes to set up.
If you’re coming straight from LinkedIn, welcome! After competing in the marketplace for 5 and a half years, I decided it was time to leave the family business and work on my personal brand.
When the stars began aligning, I knew I had to develop my brand full time. I took Franknez.com from earning 8,400 views its first year in 2020, to 1.8 million views (and counting) as of today.
Here are the top 10 strategies I personally use to promote my brand!
#1. Create Content Pertaining To Your Niche
When I create a piece of content, I create it for a specific community in a particular niche.
If you’re reading this, you are more than likely interested in marketing and branding. Marketing and branding allows us to get our product, service, or brand in front of the right audience.
Avoid publishing content that isn’t going to serve a specific group of people with the same interests as yours.
#2. Use Your Logo Everywhere!
If you’re publishing a video, blog article, or image online, be sure to brand it with your logo.
By implementing a logo design, you’re raising brand recognition and awareness.
This strategy is going to help you stand out from the rest of the crowd offering similar services, products, and content.
I was putting my website and tagline on every Instagram photo I published before I even had my logo. This told my audience I was a brand and not just a general account.
Here are other areas where you can use your logo:
At the bottom of an email signature
Watermark your YouTube content
Every page on your website
In your profile picture
Social media banners
Is it overkill to promote your content? Ask Gary Vee or Grant Cardone and they’ll say absolutely not. And I agree. Leave me a comment below if you follow these two marketing masters.
#3. Publish Content Daily
If you’re not publishing content daily then you’re not being seen. This is one of those things that seem like in some areas could be a waste of time. But the fact is that these small steps actually compound over time.
Every piece of content you publish for your audience, existing customers, or prospects, is an opportunity to provide value at scale.
Your brand needs to be promoted daily through the use of some sort of content. This could be in video, blog, or social media.
The compounding effects of publishing content daily is what took my blog from 8,400 views to 1.8 million views its second year.
This strategy is considered to be taking ‘massive action’. So if you’re not taking massive action, and you know you need to, publish content daily.
#4. Take Advantage of Social Media
Social media allows us to connect with people we’ve never met before and make an impact in their lives.
This impact should always be for positive change.
Once you shift your mindset to this golden rule, you will be able to curate your social media content to help others no matter which platform you choose.
Once you’re creating social media content to provide value to your existing customers, prospects, or audience, be sure to take advantage of every tool.
One tool I love using throughout social media is the ‘story’ tool. This story tool is highlighted when you post a new story, letting your audience know:
You’ve published new content
You have something important to share
You’re actually active
This goes back to publishing content daily. Even if you don’t put out a new post, keep your story rings lit for newcomers visiting your social media accounts for the first time.
Promote Your Brand Everywhere
Use more than one social media platform to promote your brand. Even if engagement isn’t as high on some platforms, use them to your advantage.
Your website will be ranked higher on Google’s search engine if it sees your links are being found all over the biggest social media platforms.
I found that although my engagement is different on Facebook, Twitter, and IG, there are always people engaging with my content.
My advice is to curate content differently for each platform since each user prefers a unique type of content experience.
#5. Use Relevant Hashtags To Promote Your Brand
Hashtags are basically portals from which your content can be discovered on social media feeds. If you content receives a lot of engagement, then the platform’s algorithm will push it to a larger audience.
Use relevant hashtags when promoting your brand to ensure the right audience has a chance to discover you.
Certain niche topics will have higher engagement than others depending on which platform you decide to use. This is mainly due to popularity and where your niche audience hangs out the most.
For instance, you might have a larger group of #contentmarketing audience on Twitter than you do on Facebook. The same could be said about another niche topic, such as travel. #Travel could have a significantly larger audience on Instagram than on Twitter.
Engage With The Hashtag
Engage with accounts using the same hashtags as you. Like their content, comment, and share it if you love it. This will expose them to you.
This is one of those small steps that also feels like a waste of time in the beginning but ends up compounding over time. Before you know it, your brand will be growing in months time so as long as you’re consistent.
#6. Create A Newsletter
When I first started building my brand I would see this tip often. I didn’t think it was very important starting out since my audience was so small at the time.
However, it is never too early or too late to set up a mailing subscriber tool for your business or brand.
This tool has allowed me to connect with over 5,000 readers via email. You can integrate OptinMonster on your website to provide all types of information, discounts, or announcements to your potential or existing customers!
I use my newsletter to let my readers know when I’ve published a new article or announce a giveaway.
I never understood just how important this tool would be for both my brand and my audience.
#7. Be Engaged With Your Community
If you have not found a community to provide value to yet, don’t worry. At least now you know this is something you have to be on the search for.
I found that when I engage with my community, my brand awareness spikes. And that’s because your brand isn’t your logo, it’s you.
Everything you do within your community is setting your brand apart from everyone else. Communities are also a great way to network with people who can share your product, service, or content with other people.
Your community is where word of mouth happens. And we all know that word of mouth can reach a significant amount of people, especially when done online.
Communities have been part of my branding success. Of course, you have to get all the other strategies down first. Otherwise, the community will stumble into a social media account or website with little to no content and be turned off immediately.
This is why it’s so important, at least for me, to ritually process each of these strategies to grow my brand. But I’m confident that if you follow these proven strategies too, your brand will begin to takeoff.
Where Can I Find A Niche Community?
Niche communities can be found just about everywhere online. There are communities within Facebook Groups, Quora, Reddit, Twitter, Instagram, YouTube, and other online forums.
My advice is to identify where your community hangs out the most and introduce yourself there.
Provide them with solutions; being your product, service, or content. If what you have to offer improves their lives, then they will follow what your brand has to offer.
8. Prioritize Quality
My brand was nothing like what it is today when I first started. A few aspects of it was because my brand is me, except it was an amateur me.
Consistency forced me to get better at writing and creating content as a whole. But when I realized that quality in content creation is king, that’s when I decided to step up my creativity and content marketing game.
I switched from the free Canva tool to Canva Premium. It’s small reinvestments like these that allowed me to take my brand to the next level.
The paid version of Canva allowed me to publish much higher quality content on Instagram, it allowed me to create amazing banners for all my social media accounts, and it’s helped me establish an awesome first-impression.
I didn’t begin to see exponential growth immediately. That’s because when you begin to prioritize quality content, it’s almost like starting from scratch.
It should be unrecognizable from your older material, whether it be your website, social media content, service or product.
This means you must now be patient for that compound effect to begin taking place. When you produce high quality content at consistent levels, your brand will be spread organically by your audience.
Quality promotes your brand. Consistency promotes your brand. Being engaged with a community promotes your brand. And connecting with your audience via your content, emails, and social media elevates your brand awareness.
#9. It’s Okay To Use A Personal Account
If you’re promoting strictly from your brand page and not from your personal account then you’re missing out!
I use my personal account to share my publications on Facebook, and even post my brand’s content on my personal stories.
I promote my brand on my personal accounts to show people what I’m up to and what I’m creating. If they’re curious about what it is exactly that I’m sharing, they’ll have direct access to that content and what my brand has to offer.
One way you can elevate your brand awareness is by sparking curiosity in your own personal circles.
What this does is it leaves an open door for curiosity.
10. Be Genuine
And lastly, one of the most powerful ways to promote your brand is to be genuine. As cliché as this sounds, your personality has the power to draw masses of people in.
Being genuine established an awesome connection with my stock investing community. I’ve made friends and allies in this niche group of over 4 million people, and am seen as a community leader by many.
If you really care about your audience, customers, and prospects, believe me when I say they’ll know. That’s because they’ll care about you back.
Remember, you are your brand. So show people who you are and why there’s no other brand like yours.
Leave me a comment if you found this article helpful. I’d love to hear back from you. And if you have any questions, leave them below too.
Keyword, earn, not ‘make’. Blogging has been quite a journey. Maybe some of you remember, Franknez.com went live on the 1st of January, 2020. I’ll never forget my younger brother’s initial thoughts, “I never expected you to become a blogger”. Yeah, well neither did I.
I was working full-time for my parents business and had a rather secure and stable income. I was privileged to have a base salary and on top of that earn a commission for every sale I made.
By the time I left the company, I had built a 6-figure clientele over a span of 5 and half years. I went from earning $32k per year to $55k per year within that timeframe. And that’s when I said I NEED OUT.
There was just so much more I could give. I am beyond grateful for the opportunity and believe me I took as much of it as I could. I learned so much from project management and sales. So, how much am I earning now as a blogger?
Welcome to Franknez.com – today’s topic will be blogging and money. I will discuss a little bit about my blogging journey and how I was able to make it work full-time.
If I knew then what I know now, I would have never gone to college because unless you want to become a niche specialist, it’s a debt trap. My fiancé went into the Medical Assistant Program, trained extensively in Los Angeles after graduating and become one of the youngest and most successful RMA’s of our time. She’s worked with an incredible amount of specialists, cared for ‘patients’ at a women’s prison, and became the lead MA instructor for a private college.
Enough boasting but you get my point. In this scenario it makes sense to get a degree.
In my case, I didn’t need a degree to work for the family business. Although my father did require it of me if I wanted to learn the ropes (know when to not take advice from family). Nor did I need it for my first two failed startups, or my current businesses.
After I graduated high school I worked as a machine operator for my parents business earning $9/hr. During college I worked for a bottle producing company which was the most labor intense thing I’ve ever done. Once I graduated college I worked as an accounting clerk for the family business. The rest you can find in my eBook “Reaching The $10K Mark: How Perseverance Overrides Adversity“, where I talk about the start of my sales journey leading up to the end of the family business chapter.
My point is, I didn’t get where I am today without taking the steps first. It was my ambition and hunger for more that ultimately started reshaping my mindset towards newer successes. All mine, from scratch. If you’re finding yourself in a position where you want to try something new, just remember this; you’re not starting from zero but rather from experience.
Why Did I Start A Blog ?
Before I get to the money part, I want to explain why I started blogging in the first place. Financial literacy had become a very important part of my life prior to starting my blog and I’ve always loved writing.
For me to attain the financial goals I was setting for myself and my family, I had to understand the basics of financial literacy to make it happen.
Once I learned how easy it was to invest in the stock market I felt like I had a secret I just needed to share. My finance professors in college didn’t teach us this so I wanted to provide this information to the public.
I learned that I had an ability to take in information and present it in a way that my readers found it easy to digest. On top of that, I knew that a blog could provide me with passive income while I continued to grow in my intrapreneurial (then) and entrepreneurial journey.
Monetizing My Blog
There are many ways to earn money from a blog – there’s affiliate marketing, paid sponsors, advertising, online services, and even the selling of a product.
I knew I could blog for the rest of my life after publishing my very first blog post. I enjoyed it and wanted to help people improve their lives financially.
If I could monetize my blog with ads then I would have figured out a way to earn passive income! I monetized Franknez.com with ads from Google AdSense around the last week of January, about 3 and half weeks after going live.
What most people don’t know is that my blog was rejected 6 times. “You don’t have enough content, you don’t have an audience, YOUR BLOG HAS NO VALUE”. Every time my blog was rejected, I rushed to figure out the issue and make the changes immediately. That’s how dedicated I was to monetizing my knowledge online.
I wanted ads to be one of the primary ways the blog earned money because it meant the more the website scaled, the more it earned.
2020 Earnings Report
After working every day, January 1st – December 31st for 5 hours after work, I earned over 8K blog hits. How much money did this earn me? It earned me $29.37.
No, really. Here’s the proof.
I probably earned an additional $5 from an affiliate program. So why would I keep going if that’s all I earned after a year of blogging? Most people would have been discouraged and quit blogging for good. And that’s what most bloggers do.
I didn’t stop because:
I love writing, &
My conviction was strong
I knew that for me to succeed it would require me to learn and learn, and learn. Though we were in a lockdown at the time, I wasn’t part of the create a tik-tok video or binge Netflix crew.
I was putting in the work and learning as much as I could so that I could change my worldview. Everyone has a why, a reason for doing the things they do. My why is so important to me, that nothing will ever stop me from attaining what I desire.
This is why I didn’t quit blogging. In fact, I started blogging full-time by May of 2021 when a community of growing new retail investors had discovered me earlier this year. Prior to leaving Google AdSense, I earned $2,327.98 up to around May.
What happened next changed my world. Not just mine, but my family’s too. Franknez.com signed to Mediavine Finance, this partnership would pay big buck for displaying high quality advertisement on my blog.
The requirements? Your blog had to be receiving more than 50,000 visitors per month to be eligible. The community that discovered me put me on the radar and the rest is history.
Franknez.com has provided value to a little over 1.4 million people as of the date of this publication. If you’ve read my homepage you’ll know my mission has been to provide millions of readers with immense value through my platform.
The amount of work and trial and error, the setbacks and pushback has been immense as well. This journey has not been easy and I am still learning to-date. Scaling this online business has been a massive challenge and I’m excited for what my readers have in store.
How Much Money Is My Blog Earning Right Now?
Earnings highly depend on a few things. The season is one of them because advertisers tend to spend more on advertising during certain seasons and less during others.
The second is on the type of content I produce. Content like the one I’m writing about now doesn’t have as high return as my personal finance articles do. At least to advertisers they don’t.
Blog posts where I get to talk to my readers like this one tend to be my personal favorite though. It’s easy to speak from within. The year is not over so I can’t reveal how much I’ve made since I’ve signed with Mediavine.
However, I can show you how much Franknez.com made during one of my busiest traffic months back in June. My blog provided value to over 500K visitors and earned a whopping $18,239.43 in revenue that month alone.
Get your brand marketing right, your community right, your content right, and you too can make this happen. I don’t know how many of you reading this article also want to blog but I wrote an article on how you can start your very own blog (step by step) and also provide you with blogging ideas that may fit your worldview.
I’m not publishing this article to brag, far from it. I’m publishing this article because maybe it can help someone create something that can change their lives and the lives of others.
I tell my brothers, I tell my father, my fiancé – anyone can blog. One of my brother is a Pharm Tech and plays video games when he’s not working. He built an amazing gaming setup. He can easily blog about that niche in the video game world and provide value to the right community. Possibly even leave his career if he scales it!
My father’s business can easily be monetized with a blog. It’s a niche industry so he could easily write and break down everything there is to know about the business. He could help small businesses understand the ropes and earn passive income from it.
How Does This Apply To You?
Say you’re a single mom who loves to work out. You can blog about your lifestyle and schedule around your interest/hobby. With proper branding and a niche target audience, your articles will be seen.
Maybe you work with a spouse. You can write about the challenges, pros and cons, and perhaps even advice to other people with the same lifestyle.
Are you an Uber driver or a Dasher? Create a blog about your experiences, people would love to know strange encounters, weird people, and things of that nature. People are curious about how much these freelancers earn as well. You can get deep about your lifestyle and how it correlates with this industry.
There’s no shortage of people who can read your blog, and there’s no limitation to the amount of money you can earn from blogging.
If there’s anything you should take from this article it’s that anything is possible when you set your intentions and put in the work. Maybe you don’t want to start a blog but are intrigued with the idea of starting an online business.
You must know that Franknez.com never tries to sell you anything. This online business does not sell you a product or service. The value I provide is absolutely FREE. It only costs you your time and for that I want to say thank you.
If you found value in this post or learned something new or even received an idea from it, be sure to share the knowledge too. Give this publication a social share so others may gain the same value you’ve gained.
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