There are now quite a few bloggers publishing their income reports on their blog, and I see these reports as a breath of fresh air. I am happy to see more and more bloggers, comfortably talking about how much they make from their blogs and other online gigs. These type of blog posts did not exist when I started blogging (well I never read one back then), it was all hush-hush, and it is still hush-hush to a certain extent, so I find it so cool to see bloggers talking about how much they earn from their blog.
Now I don’t see myself ever publishing an income report on my blog, because I see it as too much information, but I love reading other bloggers’ reports. The main reason why I enjoy reading these reports is because they motivate me to keep pushing myself every month to earn more, gives me ideas on how else I could monetise my blog/brand, and these reports also open my eyes to how much other bloggers do make.
If you have read my e-book – How to Cash in as a Blogger, then you will know all about my background, how I found myself blogging full-time, my blogging journey so far and how I have succeeded in monetising my blog, but the truth of the matter is, the pursuit of financial freedom as a full-time blogger still continues. My monthly pay check is so unpredictable as a full-time blogger, I have had to look for other ways to make money online, some of which are:
Freelance Writing
Book Sales
Selling on eBay
Blogger Outreach Services
Ambassadorship
Blogging still brings in more money every month than all 4 put together but the financial instability is a big issue for me. I am a very organised person, I love to plan, and the fact that I really can’t say for a fact what my take home pay will be every month gives me worry sometimes. Being a work from home mum is a blessing. I get to bring my kids up and follow my dreams as well, which is a fantastic. I just wish my take home pay was not up and down like a yo-yo, and I wish I had extras for big purchases, and splurging here and there.
I guess that is where ‘glo’ – The Guarantor Loan Option, comes in. For those who do not know, glo is a UK-based online unsecured guarantor loan company that was launched by specialist lender Provident Financial in November 2014. This guarantor loan is based on trust, so if you know someone who is happy to step in as a guarantor for you, and that person is financially independant from you, then glo may be able to offer you a guarantor loan, anything from £1,000 to £7,000.
This company provides loans for people with bad credit, unsteady or unpredictable income, or for people new to credit. If you fall into any of these categories, and you need a bit of help for a huge purchase, like buying a car, carrying out some home improvements, or you just need to supplement your income for whatever reason, you are reading the right post, and would probably need to have a chat with glo.
Do you blog full-time? How do you cope with the unpredictable income?
*This is a collaborative post.
It’s hard isn’t it when you are self employed, with income going up as well as down? I must get your book as I’m looking to get a full time income from blogging.
Ah nice. Please do. Thanks Mellissa x
It’s definitely interesting seeing bloggers income reports as I think it’s something we are all curious about.
Yea it is. Thanks Emily x
I would love to go full time with blogging but the uncertainty is a big worry for me!
Yea I know what you mean x
Now everyone is a bit more open with what they earn it gives people more of an idea about what they can actually earn if they want to take blogging full time.
Cheers,
Stew
Yea true. Thanks Stew.
I don’t blog full time because I couldn’t deal with the instability. Living on my own with a mortgage means I have to have a stable income so anything I make from freelance work (and the occasional bit from blogging) is just an added extra x
Smart decision x
Blogging is like any kind of business when you can never be sure how much you will make. I believe however that with consistency and good quality contents, there will always be a way.
All the very best Stella.
Minding/raising the children while still making money is always a good idea
Cheers
Mojisola
http://www.mojintouch.com
Yea true that. Thanks hun x
I think it’s great that bloggers post their income reports, as bloggers have no idea how much they should be charging and are instead working for free, or very little a lot of the time.
Yea true that. So many bloggers work for peanuts x
With the ex we both had our own businesses so I know too well the pitfalls of being self employed and having to put money away in good times for the rainy times. It is hard I know. It takes guts, courage and alot of hard work to make anything work. You have all those qualities Stella because your doing it. Well done. Keep on keeping on
Yea money has to be kept aside for the rainy times. Thank you so much x
I am still only in the infancy of having a blog, so it isn’t something that I think about at the moment. However, I know where to go to (your book) if ever I get to that point!
I see you getting there. I love your blog..
I feel like I could make money from my blog but I’m scared to make the jump. You need to declare you income which means registering as self employed and it’s all so scary and grown up. Think I’ll stick to hobby blogging.
Lol..I know. It scared me in the early days too x
I think it is really interesting reading income reports – I’ve toyed with the idea of doing them myself, perhaps one day I will. x
Yea pls do one, I would love to read yours x
I find it interesting reading income reports, especially from the more established blogger as it does keep you motivated to carry on x
Yea it motivates me too x
I’m a full-time blogger too and the unpredictable income can be annoying! Just need to have faith that it will all average out 🙂
Yea and work as hard as you can too..Thanks Becca x
when I started reading this article I thought I was goign to be reading about your financial performance, phew. A bit unhappy :(. Lol. Just kidding. Love how you brought in, GLO into this. Truth be told, cost of living remains high and even with a stable income you are likely to need some financial support occasionally.
Yea you are so right. Many people will needs loans to sort out huge bills from time to time x
This is so true – I went “pro” instead of going back to my part time job last September/October as I was earning the same months but some month’s I can out-earn my husband and others I’m earning just about the same as I was for 16 hours – but putting in more. Its tough but in the long run I think it’s worth it 🙂 H x
Yea it is most definitely x
I could never rely solely on the income from blogging. Big chunks come in and other times tiny little bits come in. It’s not as important for me because I do stay at home and look after our child, so my OH is the sole breadwinner in terms of household income. What I make is just a bit on the side.
Ah good for you hun xo
Not knowing each month where you stand income wise can be difficult. It’s really hard to make money as a blogger as there is so much competition.
Yea there is a lot of competition but it is the same in every business I believe.
Can I ask how you get into ‘blogger outreach service’ and ‘ambassadorship’? I would love to know more and I agree as a freelancer it is yo yo for me too!
Hey Ana, I was approached by brands for both x
I will love to make money of my blogging effort one day but then I will need to step my effort up. Lol!
Lol..I am sure you will xo
I’ve definitely had a few slow times. I used to use Ebay a lot more. If I had a good system I’d start that up again.
Yea eBay is good for the odd change here and there x
I write my blog as my full time job and although its hard, I fully believe its a case of, find a job you love and you’ll never work a day in your life xxx
Yea so true. Thanks Laura x
I think it’s great that bloggers have started to be more open about their incomes, it shows that we should be more open about what we earn and that a lot of bloggers sell themselves short because they are just grateful to be asked. It is hard though not knowing what you are going to earn month to month so I always keep a bit of money for a rainy day and I also do side projects so my income doesn’t come completely from my blog, I’ve never done an income report myself though xx
Yea the more we talk about it, the less we are taken advantage of x
I love reading income reports, they are so interesting! Can be so hard to maintain a decent income as a FT blogger though
Yea they are.
Blogging is to me just a hobby and I think I will always prefer to have it like that or otherwise I might lose the love for it. When it comes to people’s openness about how much they make I think it’s a personal choice for each individual. I wouldn’t have a problem telling people how much I make if I made anything on my blog. 🙂
Mookieslife
Yea if you blog as a hobby you will see it differently x
I blog full time but I also work part time and my husband works full time, so we have a varied income. It really helps with the fluctuating nature of freelance work.
Yea I am sure it does x
i thought about blogging full time but then i know i wont be able to get a steady income for the rest of my life but i prefer doing it part time
Oh good. Thanks for reading Nicol x
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I think it’s good bloggers are being a bit more transparent… It might help stop newer bloggers from being underpaid, undervaluing themselves, etc.
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