As self-employed professionals, bloggers make money in a variety of ways, monetizing their blogs in many different forms at once. Bloggers can make any amount of money, as there is no salary or cap to what you can earn. Some bloggers are making 6 or 7 figures per year, in fact.
Here’s how bloggers make money in the new generation. Before hopping into the blogging bandwagon, here’s the hard truth: making money from blogging requires real work. Managing your content is just half the battle – there are ads, sponsorship posts, and affiliate links to worry about.
So, you can have 100,000 visitors to your blog but if you don’t get people commenting on your content or interacting with it much, you probably won’t get paid as much. That being said, bloggers can make from $100 to $25,000 per sponsored post. $25,000 is the highest amount of any blogger I have personally known.
Do bloggers pay taxes?
For most bloggers, you will most likely be a cash basis taxpayer which means you don’t report income until it was actually sent to you–and by extension you don’t pay any taxes on it. That means even though you have balances in affiliate network accounts, you don’t need to worry about them for tax purposes until you reach the payout threshold.
Here’s the equation for determining your taxable blog income: You can usually deduct some or all of your losses from your income on your tax return, which helps reduce or eliminate taxes. The IRS has a more detailed tax guide for self-employed individuals to calculate your exact tax liabilities here.
Typically most of the things that you pay for in your business will be tax deductible, for bloggers and influencers that will be things like: There may some expenses you pay for that you use personally and for business, like your mobile phone. In these cases, you can only claim a portion as a business expense.
By operating a blog business, even part-time, you’re self-employed. As a self-employed individual, you’re required to (1) file an annual tax return and (2) pay estimated taxes each quarter. We go into these two subjects in much more detail throughout this guide.
How much money can you make through your blog?
The amount of money you can make through your blog depends on the number of clicks you get on your ads. Bloggers who are able to generate a good amount of traffic on their blogs can earn even more than a thousand dollars per month. But that only depends on how much effort you put into your blog.
Then, where does the money come from for a blog?
That’s where the money comes from. The best predictor of the revenue for a blog is the size of their email list. Here’s a breakdown of our revenue at Smart Blogger comparing revenue device from email to other sources. The rule of thumb is you can expect to make $1 per subscriber per month.
Let us figure it out! generally, blog niches about making an income make more than others because the average market price for the products is higher. This is because people are usually more likely to spend more money when they think they’ll make it back. Soooooo, you’re saying I should blog about making money then???
Can you really make a living blogging?
Yes, you absolutely can make a living blogging and it can be very lucrative. However, the harsh truth is that the vast majority of bloggers do not make enough money to support themselves. I launched this blog in 2019 and as you can see in my Blog Income Report, I make over $80,000 per month from this blog.