Newsweek: There's No Money In Blogs
From Dan Lyons’s latest piece at Newsweek:
“while blogs can do many wonderful things, generating huge amounts of money isn’t one of them…. Technorati, a blog researcher, estimates that bloggers who run ads earn an average of $5,060 per year. Don’t call the Ferrari dealer just yet.”
That’s good advice, but I don’t know why bloggers are being singled out. Lots of people play pick-up basketball and the NBA is a huge, multi-billion dollar business, but most pick-up basketball players should not call the Ferrari dealer just yet. Same goes for aspiring movie makers with a digicam. Same goes for daytraders with an internet connection. Commercial success in every business is hard, the publishing business is no different.
If money grew on trees, we’d all plant trees. In the meantime, making a living is still hard work.
(Also check out FM’s Matt DiPietro’s take, at the FM blog.)