Is blogging dead? Not according to Matt Mullenweg, founder of WordPress. Mullenweg doesn’t think that social media sites like Twitter and Facebook are competition.
You may be able to run a business of sorts on social media sites, however the challenge is that you’re building your creation on a foundation that someone else owns. Twitter’s tightening what it’s doing constantly. Each change in Twitter means that people who’ve built businesses there (developers, using Twitter’s API) suddenly find themselves without a business.
Indeed yes, you can still make money blogging. All you need is a good idea. Compared to starting other kinds of businesses, blogging is practically free.
A digression… Talking of good ideas, read this Techcrunch article about someone who made a million dollars with a book on how to start a hotdog cart business. Lovely story:-)
Not only can you start a blog with next to no money, it takes little time. As I pointed out in this blog post, Create a Blogging Business in 60 Minutes or Less:
“Brainstorm Your Blog’s Subject — 20 minutes
Make a list of your interests and experiences. Everyone’s an expert on something. Some mommy bloggers have turned their preoccupation with their families into lucrative businesses, for example.”
I created a slide deck on creating a business blog you may find useful too, when you’re thinking about creating a moneymaking blog:
Just do it… What have you go to lose?
I’ve never regretted any blog I started. I do regret the blogs I didn’t create. As I’ve pointed out before, you can experiment on blogs, testing ideas. For example, if you want to write a book, whether it’s fiction or non-fiction, test your idea on a blog. If you get readers, your idea is viable. If you don’t get readers, then you’ve saved yourself months of work.
Sooner or later you WILL come up with a great idea for a blog, if you keep trying. A successful blog can make you a great deal of money, much more than you can make at a day job. And, just like any business, you can sell a successful blog.