In all of my monthly blogging income reports, I share not only my income but also my monthly expenses. I usually don't dive too far into my business expenses, as they don’t vary much month to month.
But, today, I am going to go deeper into my monthly business expenses so that you can see exactly what it takes to run my blog each month.
Now to run a successful blogging or online business, your expenses may be different than mine. And, you definitely don't need to spend a lot of money with a new blog – I certainly wasn’t in the beginning.
I created Making Sense of Cents six years ago, and since then, I have earned over $1,500,000 with my blog and around $979,000 in just 2016 alone.
When I first started my blog, I spent almost NOTHING on blogging expenses. In fact, I probably went a few years where I was only spending about 1%-2% of my revenues on blogging expenses.
The funny thing is that I created my blog on a whim after reading about a personal finance website in a magazine. At first, it was just a hobby to track my own personal finance progress. And, when I started in 2011, not only did I spend very little on my blogging expenses, I honestly didn’t even know that people could make money blogging! [Read more…]