Money
How to Start a Blog for Passive Income – Finance Monthly
Blogging has become a great avenue for generating passive income, but success requires both creativity and strategy. A strong foundation—technically and creatively—can make all the difference in long-term success. This guide walks you through the steps to build a blog that provides a steady income stream, including deciding whether to do things yourself or hire professionals.
Choose Your Niche
Start by selecting a niche that interests you and offers market potential. Popular niches such as personal finance, health, or travel have proven to be highly lucrative. Research your target audience, look for content gaps in existing blogs, and focus on topics that can sustain long-term engagement.
Set Up Your Blog
Setting up your blog is the next important step. You can go the DIY route by using website builders like WordPress or Squarespace, but this may take more time and effort. Opting for self-hosting offers greater flexibility for monetizationand control over your site. For those looking to save costs, many tutorials online can guide you through setup, but it might take longer if you’re unfamiliar with technical aspects. A professionally built blog, however, can be optimized from the start, making it more efficient and polished.
Create Valuable Content
The content you produce is the core of your blog. Whether you’re doing it yourself or hiring a writer, the focus should be on quality. High-quality, SEO-optimized posts are essential to ranking well on search engines, attracting traffic, and building trust with your audience. If writing isn’t your strong suit or you lack time, ghostwriters can take this load off your shoulders while maintaining a consistent content stream.
Grow Your Audience
Building a blog audience is vital for passive income success. If you’re handling this yourself, SEO, social media marketing, and guest blogging will become part of your routine. Promoting your blog can be time-consuming, but with dedication, it’s achievable without professional help. For quicker results, you can invest in professional SEO and marketing services to expand your blog’s visibility more rapidly.
Monetize Your Blog
Monetizing your blog involves leveraging various income streams. Affiliate marketing allows you to promote products and earn commissions on sales. Display ads generate passive income through impressions or clicks. Sponsored content partnerships with brands can bring in additional revenue while creating and selling digital products, such as e-books or online courses, and offer more direct income opportunities.
Scale Your Blog for Passive Income
As your blog grows, scaling becomes crucial for maximizing your revenue. If you’ve done everything DIY, you’ll need to optimize your content and experiment with different income streams consistently. This may take more time, but it can also save you money. Alternatively, hiring a developer or marketer can help you scale faster by implementing automated tools, refining SEO, or managing ad placements.
Doing It Yourself
For those on a budget, doing everything yourself—from setting up your blog to creating content and handling design—can be a cost-effective way to start. There are countless resources, tutorials, and free tools available that can help you learn the ropes. However, this approach requires time and patience. You may need to spend hours researching how to optimize your site, learn about SEO, and produce content that resonates with your target audience. While this approach can save you money in the beginning, it could also delay the time it takes for your blog to generate passive income.
DIY can be especially beneficial in areas where you have expertise. If you’re confident in your writing, for example, producing your own content can ensure authenticity and save costs. If you enjoy learning about website development, setting up your site from scratch allows for full creative control. However, for those with limited time or who want to accelerate their blog’s success, outsourcing specific tasks can provide better efficiency and professional quality, allowing you to focus on growing your blog.
Hiring a Professional
On the other hand, hiring professionals can fast-track your blog’s success. A professional web developer can create a well-designed, functional site optimized for user experience and search engines. Professional designers ensure your blog has a cohesive and engaging aesthetic, which can set you apart in a competitive market. Hiring UK ghostwriters will help you keep up with the content demands, ensuring your blog stays active and engaging without overburdening you.
Together, hiring professionals for website development, design, and content creation can streamline your blogging efforts, allowing you to focus on growing your audience and income without burning out.
Conclusion
Blogging for passive income is achievable through a combination of strategy, consistency, and technical expertise. Whether you decide to manage your blog yourself or hire professionals for support, the key is finding the right balance between time, budget, and quality. With the right foundation, you can create a blog that generates sustained passive income, allowing you to focus on other projects while your blog works for you.
Interlinking
– https://www.finance-monthly.com/2022/07/how-to-use-software-to-improve-the-way-your-business-works/anchor if you’re on a tight budget
Money
Aldi confirms much-loved chocolate bar has been axed as shoppers say ‘please bring it back’
CHOCOHOLICS are in despair as Aldi confirms it has axed a popular chocolate treat.
The news came after a frustrated shopper inquired about its disappearance on X, formerly Twitter.
The poster wrote: “Please don’t say that you have discontinued the Moser Roth vegan blonde chocolate??”
The fan favourite, part of Aldi‘s chocolate line Moser Roth, is a white organic cocoa bar made with rice powder and almond paste.
The 100g bars, which are sold out on the Aldi website, sold for £1.49 each.
The poster added: “There are literally forums dedicated to how amazing this chocolate is. Everyone is trying to get hold of it…. Please bring this back!”
An Aldi spokesperson replied to the disgruntled vegan, confirming that the chocolate had indeed been permanently removed from supermarket shelves.
The comment read: “We can confirm this product has been discontinued. We will certainly pass on the love for this product back to the relevant team.”
However, the original poster was left unsatisfied, adding: “Aldi was building a really good reputation for vegan and free-from — but unfortunately in the last 6 months or so that’s no longer the case with more products disappearing.
“Tesco has sadly now taken over this crown.”
To this, the spokesperson reiterated that they were “sorry again for any disappointment caused”.
The update comes after the budget supermarket chain was also forced to axe its much-loved Salted Caramel teabags, which scanned for just 69p a pack.
In response the news, one devastated customer wrote: “OMG, NO! Year ruined, they were unreal!”
Bargain-hunters were also gutted to hear that Aldi’s frozen lemon and lime slices had been discontinued too.
And, the coconut flavoured Dairyfine Spirals, similar to Kinder Buenos, have been permanently axed.
When contacted by the Sun, an Aldi spokesperson said: “We continually review our range of products to make sure we’re meeting the needs of Aldi shoppers.”
Why are products axed or recipes changed?
ANALYSIS by chief consumer reporter James Flanders has revealed some of the reasons why products are axed or their recipes changed.
Food and drinks makers have been known to tweak their recipes or axe items altogether.
They often say that this is down to the changing tastes of customers.
There are several reasons why this could be done.
For example, government regulation, like the “sugar tax,” forces firms to change their recipes.
Some manufacturers might choose to tweak ingredients to cut costs.
They may opt for a cheaper alternative, especially when costs are rising to keep prices stable.
For example, Tango Cherry disappeared from shelves in 2018.
It has recently returned after six years away but as a sugar-free version.
Fanta removed sweetener from its sugar-free alternative earlier this year.
Suntory tweaked the flavour of its flagship Lucozade Original and Orange energy drinks.
While the amount of sugar in every bottle remains unchanged, the supplier swapped out the sweetener aspartame for sucralose.
CryptoCurrency
Nasdaq, S&P 500 sink as tech leads losses ahead of Tesla earnings
Sales of existing homes fell in September as house hunters remained on the fence about buying a home despite mortgage rates easing during the month.
Existing home sales slipped 1.0% from August’s tally to a seasonally adjusted annual rate of 3.84 million, the National Association of Realtors said Wednesday. That marked the lowest rate since October 2010. Economists polled by Bloomberg expected a pace of 3.88 million in September.
On a yearly basis, sales of previously owned homes were 3.5% lower in September. The median home price rose 3.0% from last September to $404,500, marking the 15th consecutive month of annual price increases.
“Home sales have been essentially stuck at around a 4 million-unit pace for the past 12 months,” NAR chief economist Lawrence Yun said in a press release.
There have been significant challenges that have weighed on sales activity, including a lack of inventory, escalating prices, and elevated mortgage rates. Last month, however, those factors turned around.
The Federal Reserve cut its benchmark rate by half a percentage point in September. While the central bank doesn’t set mortgage rates, its actions influence their direction of movement.
Mortgage rates hit the lowest level since February 2023 ahead of the Fed decision to ease, while listing inventory picked up.
But overall, that hasn’t been enough to entice buyers.
“Some consumers are hesitating about moving forward with a major expenditure like purchasing a home before the upcoming election,” Yun said.
CryptoCurrency
Tesla stock jumps on Q3 earnings beat
Tesla (TSLA) reported mixed third quarter results after the bell on Wednesday, but the stock jumped in after-hours trading as investors cheered the earnings beat, higher gross margins, and news that Tesla’s cheaper EV is on track for production next year.
For the quarter, Tesla reported revenue of $25.18 billion vs. $25.4 billion per Bloomberg consensus, higher than the $25.05 billion it reported in Q2 and also topping the $23.40 billion Tesla reported a year ago. Tesla posted adjusted EPS of $0.72 vs $0.60 expected, on adjusted net income of $2.5 billion and free cash flow of $2.9 billion.
The closely watched gross margin figure came in at 19.8%, much higher than the 16.8% expected.
Tesla shares were up nearly 8% in after hours trade.
“We delivered strong results in Q3 with growth in vehicle deliveries both sequentially and year-on-year, resulting in record third-quarter volumes,” the company said in its earnings deck. “Preparations remain underway for our offering of new vehicles — including more affordable models — which we will begin launching in the first half of 2025.”
Earlier this month, Tesla (TSLA) announced third quarter deliveries that slightly missed expectations, sending the stock lower.
Tesla said it delivered 462,890 vehicles in Q3, up 6.4% quarter over quarter, to mark the first quarter of delivery growth this year. The numbers also came in ahead of the 435,059 EVs the company delivered in the year-ago period. But Wall Street had expected Tesla to deliver closer to 463,897, according to Bloomberg.
“Refreshed Model 3 ramp continued successfully in Q3 with higher total production and lower cost of goods sold quarter-over-quarter. Cybertruck production increased sequentially and achieved a positive gross margin for the first time,” Tesla said in its report.
Tesla said it expects vehicle deliveries to achieve “slight growth” in 2024.
Ahead of Tesla’s Q3 disclosure, shares were down approximately 11% since Tesla revealed its robotaxi, dubbed the Cybercab, at its showy “We, Robot” event from the Warner Bros. studio lot in Burbank, Calif., on Oct. 10.
The debut and release of a cheaper EV is what many analysts and industry watchers believe will spur the next leg higher of EV sales, as even CEO Elon Musk has said before. During its Q2 report, Tesla and Musk said the company remains on track for the production of new vehicles, likely including a cheaper EV, in the first half of next year.
Investors and analysts were left wanting more details from Tesla’s “We, Robot” event on the Cybercab itself and detailed testing plans, along with questions about the development of Tesla’s sub-$30,000 EV, dubbed the Model 2.
CryptoCurrency
Transak hit by data breach, 92K users exposed
Transak disclosed a data breach affecting over 92,000 users after a phishing attack compromised an employee’s laptop.
CryptoCurrency
The Dow plummets more than 600 points and is on track for its worst day in more than a month
The Dow Jones Industrial Average and other major indexes suffered a steep decline Wednesday afternoon as the yield on the benchmark 10-year U.S. Treasury note continued its upward climb, reaching 4.23%—a level not seen since July.
In the afternoon, the Dow dropped 631 points, or 1.4%, heading for its worst day in over a month. Meanwhile, the tech-heavy Nasdaq and the S&P 500 declined by 2.2% and 1.4%, respectively. However, there was some relief for investors as oil prices eased, with West Texas Intermediate (WTI) futures trading around $70.65 per barrel.
The Federal Reserve’s Beige Book, released in the afternoon, reported that economic activity remained largely unchanged across the 12 Federal Reserve Districts, with the Southeast significantly impacted by a harsh storm season.
On Wednesday, all eyes are on Tesla (TSLA) as the company prepares to release its latest earnings report. Analysts expect earnings per share to be 60 cents, down from 66 cents a year ago but an improvement from 52 cents in the previous quarter, according to FactSet estimates. Revenue is projected to hit $25.4 billion, compared to $23.3 billion in the third quarter of 2023 and $25.5 billion in the preceding quarter.
Apart from Tesla, investors are closely monitoring earnings reports from other major corporations, including AT&T (T), Boeing (BA), and Coca-Cola (KO).
McDonald’s stock plunges over 5%
McDonald’s (MCD) shares took a sharp hit, falling over 5% after the Centers for Disease Control and Prevention (CDC) linked the chain’s Quarter Pounder burgers to an E. coli outbreak. The outbreak has led to 10 hospitalizations and one death, driving a significant decline in McDonald’s stock during the afternoon trading session.
As of now, 49 cases have been reported across 10 states between Sept. 27 and Oct. 11, with a majority of illnesses occurring in Colorado, Nebraska, Utah, and Wyoming. The CDC noted that most of those affected had eaten a Quarter Pounder. Investigators are working swiftly to identify the contaminated ingredient.
Spirit Airlines stock soars 30%
After a failed attempt at merging with JetBlue (JBLU-0.80%), ultra-low-cost carrier Spirit Airlines (SAVE+28.01%) is reportedly turning back to a familiar partner. The Wall Street Journal (NWSA-0.34%), citing people familiar with the matter, reports that Spirit and Frontier Airlines (ULCC+3.05%) are in early talks over a potential merger. The news sent Spirit’s stock soaring nearly 30% on Wednesday.
–Francisco Velasquez and Rocio Fabbro contributed to the article
CryptoCurrency
Zanzibar’s new blockchain sandbox aims to drive tech startup growth
The semi-autonomous region of Tanzania is taking advantage of a sandbox regulatory framework adopted in July.
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