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You’ve spent hours putting effort into your blog and the posts you write. You devote most of days to writing, editing, revising, and taking photos. That is a lot of work, and you deserve to harvest the fruits of your labor. But have you ever wondered about the monetary value of your blog? In other words, how much money is your blog worth?
As of 2019, more than 500 million Americans had started a blog. The website Tumblr, for example, has more than 440 million blogs, while WordPress has around 60 million. How does your blog measure up against all of these?
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What Gives a Blog Monetary Value?
There are many factors influencing your blog’s potential monetary value. For example, what is its monthly revenue, annual net profit, and total gross profit? Continue reading to find out if you should sell your blog.
How to Increase the Monetary Value of Your Blog
There are many ways you can increase the monetary value of your blog. Let’s discuss a couple of them here.
Continue or Start Publishing Content
This is one of the easiest ways to boost your blog’s monetary value and gain web traffic. The more you post, the more chances people will click on one of your posts. Luckily for you, Americans spend more time writing or reading blog posts than writing emails.
You started your blog to talk about one specific interest of yours. Why not take that a step further? In other words, increase your blog’s monetary value by moving further into your niche. Alternatively, expand your niche so you reach more people. A great way to get ideas for this is by browsing social media to find out what’s trending.
Start a Social Media Account Advertising Your Blog
You can visit websites like YouTube or Twitter because they offer paid advertising. Or start an email list of all your friends and family and ask them to help promote your blog. You might be surprised at how many of them will be happy to help.
How to Sell Your Blog
The first step to selling your blog is to figure out your blog’s monetary value. There’s one simple rule to remember when estimating how much your blog is worth. That is, just multiply your monthly revenue by 12. This gives your blog’s total annual income and that is your blog’s monetary value. That should be your sale price.
The next step is calling a website broker and listing your blog with them. Make sure people know you’re trying to sell your blog and get the word out there. Use social media to your advantage and ask others to advertise your blog as well.
Your blog should sell quickly at this point. If it hasn’t yet, go through the process again. Just keep looking until you find the right buyer. Once the sale is complete, contact the new owner of the blog and migrate the website over to them. The last step is where you get your hard-earned money.
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How Much is Your Blog Worth?
Taking the steps to find out the monetary value of your blog can be an exciting process. But if you really want to sell your blog, you have to put in the effort. Find out the true value of your blog before selling it. That way you get the best bang for your buck and sell your blog for what it’s really worth.
If you’re just starting your blog, work on it day by day and build up your content. Of course, if you are looking to grow your business, you might need a loan. So look online to find the lenders nearest to you. Then see if you qualify for a business loan at the lowest rate from a local borrower.
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