Blogging has become a lucrative business, with 70 percent earning money from their blogs and most diversifying to extend this windfall.
Catablog surveyed over 100 bloggers and found half of those earning income consider it extra spending money, while 20 percent said their earnings were equivalent to part time work and 11 percent fulltime.
Many bloggers make money from sponsored posts but there still appears to be no industry standard on cost.
Half of all bloggers surveyed believe the average invoice for a sponsored post is anything up to $250, while 20 percent say it’s between $250 and $400. Others say it’s closer to $600.
Bloggers with a large audience can charge $2,000 for a sponsored post and there’s one fashion blogger who charges a minimum ad spend of $50,000 – but when she posts, clothes fly off the racks.
Despite these earnings, it is connecting with people that bloggers rated the most satisfying aspect of their work.
Not one blogger spoke about money when they were asked what they love most about blogging as it was all about helping and inspiring others and creating a community.
I remember Jo from Quirky Cooking played a prank with her Facebook community on a friend, who had just started a page about coconuts, asking them to head over and like it. Her friend went to bed at 9pm excited she had 100 likes but when she woke up, thanks to Jo and her followers, the coconut page had more than 8,000 followers in less than 12 hours!
I think there’s a real shift in the blogosphere, with bloggers hungry to learn more about their trade, perfect it, diversify, reach more readers and grow their community.
When it comes to engaging with readers outside their blog, most do so on Facebook, followed by Instagram and Twitter.
I think bloggers understand their influence and they are being more pro-active in reaching new readers by releasing e-books, podcasts, workshops or becoming brand ambassadors.
More than half are now approaching brands and publicists instead of waiting to be contacted by them.
Sammy and Bella, the My Kitchen Rules winners (2007) have diversified to capitalise on their celebrity and influence. They blog about food, have created their own sauces which they sell online, they are TV hosts, hold cooking classes and also offer catering services.
The engagement with their audience is what is driving bloggers to want to earn an income because, if they can earn money, they can ditch their other job and do what they love doing most and that’s blogging fulltime.
The Catablog Survey results also showed:
* 76% of bloggers are planning to diversify
* 42% of bloggers have or plan to release an e-book
* Other than their own platform 57 percent of bloggers engage with their audience on Facebook, 20% on Instagram, 12% on Twitter, with Pinterest the most under-utilised.
* 55% have been approached by brands and PR and more than half of those approaches have been worthwhile.
* When payment was offered by a Brand, 32 percent felt it was appropriate while 30 percent said it was below what they would expect.
* More than half of bloggers surveyed are approaching Brands and PR.
Bloggers can now easily pitch directly to brands in http://catablog.com.au as well as being approached by brands to work together.