I’m working on a website- a tech blog. I don’t do ads because I personally hate them. I’m active on social media and am trying to do all the right things to make the content interesting and entertaining. I am in no hurry to monetize. Is it a good strategy to just work on quality and then eventually sell it in a couple of years? Or (because I love it) eventually get investment and then think of monetization later? I’m steadily growing traffic – we’re a month old and have rougly 100 unique visitors/day.
Starting your own business, LLC, or nonprofit comes with a lot of
Yep. The only thing that really matters is sustainable traffic, and the best way to get there is by having good content.
Getting investment on a tech blog will be difficult, because institutional investors are looking for home run (a 100x or 10.000x ROI). This is nearly impossible to achieve with a blog, even if #1 blog in your space.
Whether you can make any money with your blog through ads, affiliate sales, or other deals depends entirely on your audience. A blog about sailing or finance can easily make you a ton of money, a blog about origami will be very tough to monetize.
When selling a blog your pitch will be something like “you’ll make the money back in 2 years!”, which means your blog has to make money already or you’ll get offered peanuts.
Read what happened to GigaOM. It will save you a few years of pain .
Media is just a really hard business, even harder if you “hate ads”
I’ve seen several blogs gain large numbers of readers by simply being active on similar blogs and providing both thought leadership and a constant stream of interesting and original material.
A blog which posts amazing stories can get away with publishing one a week or so. A blog which can post every day can become a go-to site for a category, but an existing blog which already does this will make it difficult to differentiate long term.
I think if you are trying to establish yourself as the expert in your field (niche) then this is a great idea. You can use it as a platform to get business. Most bloggers make money on speaking gigs and such since the gravy train of the early days are gone. Cross promote, add value, perhaps do a podcast.
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