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Reasons Why You Should Start A Blog in 2024 (Do not wait any longer)

Trust me when I say that blogging has changed many blogger’s lives completely!

Why?

Blogging opens you so many doors offering you entirely new opportunities.

In this post I will show you that you need a blog by giving you compelling reasons why you should start a bog in 2024!

Table of Contents

Reasons Why You Should Start A Blog in 2024

What is a Blog?

Before diving into why you definitely should start a blog in 2024, it is beneficial to define what blogging is actually about.

A blog is usually a website run by an individual. In some cases (especially bigger blogs) many people run a single blog. 

Blogging is characterized by posting consistently and by focusing on one field or niche.

In my case, I dedicate my blog to everything related to finances and earning money. 

Others might write about food recipes, travel hacks or health advice. 

The topic depends on the blogger’s interests and passions. 

At the end of the day, blogs have one thing in common: serving a purpose. 

Whether for advice, entertainment or saving problems. Bloggers strive to give their audience any kind of benefits.

Reasons Why You Should Start A Blog in 2024

As mentioned, blogging opens a number of doors for oneself. Here are the top reasons why you should start a blog in 2024!

Voice Your Passion

Having an own blog is kind of the same as having a creative outlet –  it enables you  to share your passion, story or ideas with the whole world.

It gives you the opportunity to feel heard.

This is also one of the very reasons blogging became a thing back then.

And nobody can make you any limits. You are your own boss.

Write about anything you are passionate about and still there will be people who enjoy your content.

That’s one of the many amazing things about blogging.

Build a Personal Brand

Your blog is your personal corner of the internet. It is your space – you can do whatever you want.

With your skills and your identity you can build your own online presence. 

Complement your online presence with social media platforms to be even more authentic and visible for others. 

I, for example, have another Pinterest account to complement this blog’s presence. 

Building a personal presence is a long run. Be ready to post consistently on both your blog and your social media accounts. 

Also, you will see the best results when you really create valuable content that helps or entertains your audience. 

 

Make Income (Passively)

Being successful in blogging is a challenge. Making your first money requires hard work and both strategic thinking and endurance. 

But once you overcome this initial struggle blogging can pay off in the long term. 

As soon as you have a growing community there are a bunch of opportunities to monetize your blog and make a lot of money off of it. 

Financially speaking, that’s the time when blogging pays off and when you can turn all of your efforts into a steady income stream. 

You can monetize your blog in various ways. Learn how to monetize your blog in 6 proven ways

Once you succeed in making your first penny from your blog, you will earn income passively. That’s for sure!

Why?

People will click and read your posts that you have created months or years ago. When monetized properly, you will make money from these posts as well. 

Without making anything. You get rewarded for the work you initially put in!

Apart from blogging, there are other ways to make passive income. Here are the 8 best passive income ideas in 2024!

If making money is one of your primary goals, then also consider to choose the most profitable niches out there.

In 2024, these are the most profitable niches:

  • finances 
  • health
  • travel
  • food
  • tech

It is really important to make your blog different than others. 

Many niches are oversaturated, making it necessary to stand out from others: 

An unique design, great and valuable content or simply your writing style – you can make your blog special with so many things!

Develop New Skills

Starting and maintaining your own blog is like steering a ship.

You’re the captain, charting a course through dynamic digital waters.

Regular maintenance, like updating content, is essential to keep your blog afloat. Challenges, similar to storms, demand resilience and adaptability.

The very first skill you will learn is web design. Building your blog how you imagined it to be is challenging – but honestly it is quite fun! 

It is nice to see how something that was in your mind became reality. 

On your journey to grow your audience you will then learn something extremely important: social media marketing!

In today’s world social media marketing is an incredibly powerful tool to build communities and to connect with others.

You will learn how you can create viral posts and how to interact with your audience.

When adjusting and monetizing your blog you will be encountered with several marketing strategies such as email marketing or advertisement. 

The list goes on and on…

But don’t be afraid of challenges. Challenges are new opportunities to develop new abilities and skills. 

At the end of the day, developing new skills is extremely valuable, as you can use them in many aspects in life!

Document Your Journey

The posts that you have posted over months and years give you a great documentation of your previous journey. 

Once created, blog posts will stay forever – unless you delete them. 

And that’s another amazing thing about blogging: Your blog will essentially become your digital diary. 

It allows you to reflect on your achievements, challenges and perhaps changing perspectives. 

I find it beautiful to look back at my previous posts and to compare them with my most recent ones. 

There is so much that has changed: my writing style, post designs, perspectives, etc..

Trust me, it is just a phenomenal way of seeing yourself developing!

At the end of the day, blogging is also a powerful tool for self-discovery and reflection. 

Do Something You Enjoy

At the very essence, blogging is something that makes fun. That’s one of the main reasons why you should start a blog.

Why?

You are your own boss: The sky is the limit for your creativity. 

You want your theme color mint green? DO IT! 

You want to write about a recipe you fell in love with? DO IT!

Being able to do whatever you want is quite fun!

You start blogging to have some space to talk about your favorites topics, experiences and ideas – the way you want it

To entertain or help others by doing so, is quite enjoyable – at least for me!

Seeing yourself developing new skills and getting even better in blogging is such a great feeling. 

Become More Confident

At the very beginning of your journey, you often think about others

As your writing more and more, you feel more safe about what you are writing about.

It just feels like you are  giving a close friend some advice – more or less.

It becomes so much more comfortable to write about your topics once you know that you help others. 

This will essentially increase you confidence concerning the things you are blogging about. 

Not only online, but also outside from your blog you can feel this confidence. 

How?

Well, writing about a niche for several months and years builds expertise. 

On your way you will surely make mistakes, but you will also learn from them. Mistakes are the best thing that can happen to you: they form your knowledge!

This expertise is key to be more confident about what you have to say in both worlds online and offline!

Also, if you decide to monetize your blog and earn more money, you do not depend on your job any longer. This is pure freedom and confidence!

Improve Your Writing

As you write more and more blog posts over the years you will inevitably improve your writing skills. 

This connects to developing new skills as mentioned earlier. 

You will discover a bunch of new powerful words and learn how to use them properly. 

And the best thing about it: This comes automatically. You don’t necessarily have to learn new words actively – like in school. 

You build a broader vocabulary by just reading others blog posts and articles for own researches and by reading literature. 

As a new blogger please don’t think that you have to make everything perfectly right away. You will make mistakes both factual and grammatically but it’s perfectly fine – remember that you learn from mistakes! 

 

The Takeaway

At the end of each of my posts I provide a short takeaway. Just to make sure you remember the most important things you learned today! 🙂

Your blog serves as a platform to voice your passion, whether it’s sharing expertise, exploring hobbies, or discussing topics close to your heart.

Building a personal brand through blogging allows you to establish credibility, showcase your expertise, and distinguish yourself in your niche.

Yes, blogging offers various opportunities to generate passive income through methods like affiliate marketing, sponsored content, and selling digital products or courses.

Blogging enables you to develop a range of skills, including content creation, digital marketing, SEO, social media management, and more.

Blogging allows you to document your personal and professional journey, capturing experiences, lessons learned, and moments of growth along the way.

Blogging enables you to pursue something you enjoy, fostering creativity, fulfillment, and a sense of purpose in your daily life.

Through consistent blogging you become an expert in your niche. 

This expertise is key to more confident in both worlds online and offline.

Blogging also gives you financial freedom, if you decide to monetize your blog!

Through consistent writing and publishing posts you will learn new meaningful words full passively.

It helps to communicate more effectively and to convey your message with impact and clarity.

Final Thoughts

If you do everything right, blogging won’t feel like work, but like fun.

As long as you are passionate and consistently, success (also financially!) will come most certainly.

So if you discovered a passion for blogging, do not longer wait and start blogging even today!

Picture displays post's topic being the 8 best passive income ideas in 2024.

Best Passive Income Ideas in 2024: Make Money While You Sleep

Doesn’t it sound great that there are possibilities to make money while you are sleeping? Totally passive. Luckily there is not only one way to do so, but rather a number of ways. Lean back and explore the best passive income ideas in 2024!

And why?

Go through your own life and think about how you made money previously. Most likely you are one of the roughly 80% to 90% of the US workforce working in a normal job. You are exchanging your time for money.

What will happen in the long-term?

As Warren Buffet once said:

If you don't find a way to make money while you sleep, you will work until you die.

And that’s making sense. You will sacrifice your time to make money until you are retired. 

For me, life is too precious to just fill it with work. That’s why I want to share with you my best passive income ideas in 2024!

Getting Things Straight

For me it is very important to get things straight, so that you don’t have any wrong expectations here.

Many of the following ways require a lot of commitment, hard work and a lot of time to earn your first money passively. 

That’s probably the reason why 70% of people want to be self-employed, yet only 6% are. 

And let me be honest: Those numbers are no surprise for me. It is, of course, more comfortable to have a stable working plan allowing you free-time on weekends or having the guarantee to get your regular wage. 

However, this should not discourage you to get started and earn money passively. Because once you have overcome this hard starting time, all of your hard work will pay off instantly. 

Think about it: You are waking up with $400 just made overnight! Or being multiple times a year on vacation and still making money! That feeling is priceless. 

This should rather motivate you to finally get started to make passive income. 

Best Passive Income Ideas in 2024

So here are my best passive income ideas in 2024! 

Choose methods that meet your personal preferences and needs!

Rent Out Property

Renting out your property is probably the most classic of all ways following. 

How does it work?

Well, it is actually as simple as it might sound like: Renting out property involves leasing a residential or commercial space to tenants in exchange for regular rental payments.

At its essence, it is a way to invest your money with the sweet benefit of appreciation and rental income!

When you decide to rent out property, try and follow the advice provided below: 

  • Conduct market research to determine competitive rental rates
  • Screen potential tenants to ensure a reliable and responsible occupancy (without tenants = no money)
  • Maintain the property to attract and retain tenants

Weighing Pros and Cons

Pros:

#1 Rental Income (while sleeping)

#2 Potential Property Appreciation

#3 Long-Term Wealth Building

Cons:

#1 Property Management Responsibilities (yes, that’s also part of it…)

#2 Tenant-related task (complaints, property damages, late payments, …)

#3 Property Maintenance Costs

 
 

Starting a Blog

If you don’t only want to generate passive income, but also want to establish a personal brand, blogging might be the go to way for you. 

Start making money blogging requires knowledge in SEO and a decent amount of monthly visitors. Once you nailed this, you can start monetizing your blog!

In short, you can monetize your blog using the following 6 proven ways: 

  1. Ads displayed on your blog
  2. Affiliate Marketing 
  3. Selling digital products
  4. Email Marketing
  5. Sponsored Content
  6. Online Courses and Coaching

For more knowledge on how to monetize your blog the right way, just click here! In this post you will find in-depth knowledge on all 6 ways presented above.

Especially in the beginning, establishing an own blog is challenging. You have to create high-quality content consistently without earning a single penny for weeks and months. 

Therefore, try to choose a niche you are passionate about and really enjoy writing about. This will make it easier for you to motivate yourself to keep going!

But trust me, once you succeed in establishing your blog you will be rewarded with a lot of passive income!

Weighing Pros and Cons

Pros:

#1 Once established, (a LOT of) passive cash flow

#2 Low Start Up Costs

#3 Unlimited Potential (huge scalability)

#4 Creative Outlet (share ideas, thoughts, expertise, …)

Cons:

#1 Time-Intensive (in starting process) 

#2 Many Things to Learn (SEO, Content Creation, Marketing Strategies)

#3 Competition (some niches are saturated making it harder to attract people)

 

Dividend Stocks

To break it down, investing in dividend stocks is a strategy where investors purchase shares of companies that regularly distribute a portion of their earnings (=dividend) to investors. These investors (YOU) are the so-called shareholders.  

That means that if you purchase a stock you become a shareholder of this company. 

Usually, dividends are paid out quarterly. However, there can be other schedules such as annually.

Investing in dividend stocks is a great choice for people seeking a steady passive income without the responsibility to manage their investment. 

The only work you have to put in is taking research on the companies you are planning to invest in. Pay special attention to the following points: 

  • Dividend History: Growing and consistent dividends?
  • Financial Statement: Consistent revenue growth? Strong profitability?
  • Industry and Market Trends: How is the industry likely to evolve in the future?

Weighing Pros and Cons

Pros:

#1 Money While Sleeping 

#2 Stability 

#3 Long-term wealth accumulation 

Cons:

#1 Market Fluctuations

#2 Dividend Cuts if company is facing financial challenges

#3 Lower Growth Potential (no reinvesting, but pay-out) 

Affiliate Marketing

Doing affiliate marketing is another way to make your money while you are sleeping. 

Affiliate marketing refers to promoting other people’s products. For each successful sale made through your unique affiliate link you will get a commission. 

Sounds good, right?

To establish a profitable affiliate marketing business it is crucial to get a lot of traffic to your affiliate links. 

To do so, one of the first steps on your affiliate marketing journey is to choose the right platform. 

As presented above, one platform could be your personal blog. As not everyone is into writing thousands of words, there are a bunch of platforms still left. Choose whatever platform works best for you: 

  • Blog
  • Social Media 
  • Email Marketing 
  • YouTube
  • Podcasts
  • Online Forums

Weighing Pros and Cons:

Pros:

#1 Passive Income 

#2 Low Entry Barrier (no upfront costs)

#3 Flexibility (work from where and when ever you want)

#4 Low Risk (no product creation, etc.)

Cons: 

#1 Income Variability (depends on costumer behavior, popularity and season)

#2 Competition (some niches are oversaturated)

#3 No Control over pricing or quality  

Create and Sell Digital Products

Whether an ebook, online course or coaching. Selling your won digital products is one of the most profitable things to do in 2024!

Whereas creating this products might be the easier part, selling it is when it becomes challenging.

To be successful it is essential to have an audience who are willing to pay for your expertise. 

Establishing this audience is usually a  long process that requires endurance and consistency.

Similarly to affiliate marketing you can build this audience using several platforms. Remember: solid traffic is key!

Great platforms are for instance:

  • Personal Blog
  • Social Media (e.g. Instagram  and TikTok)
  • YouTube Channel
  • Email Marketing 
To create your digital products  there are a number of programs that are great for beginners:
 
Ebooks: Canva

Online Courses and Coaching:

Weighing Pros and Cons
 
Pros:
 

#1 Once created, passive cash flow

#2 Scalability

#3 Low Overhead Costs (higher profit margins that physical products)

#4 Control (set your own prices)

Cons:

#1 Time Investment

#2 Continuous Updates (to stay relevant and competitive 

#3 Technical Challenges (in the creating process)

Purchase a Vending Machine

If you’re on a tight schedule during your office break, rushing through an airport layover, or simply in need of a quick snack in a public space, that’s when vending machines become your go-to lifesaver. Everyone knows them!

And let me say you this: Located at the right spot, vending machines can make you a lot of money passively!

The most important step is to look for the best location for your vending machine. Here are some examples:

  • Office Buildings 
  • Schools and Universities
  • Airports
  • Gym and Fitness Centers
  • Shopping Malls
  • Public Transit Stations

Weighing Pros and Cons

Pros:

#1 Passive Income (if placed properly)

#2 Low Maintenance 

#3 Scalability (not a single one, but two, three, four, …)

Cons:

#1 High Upfront Costs (vending machines can be expensive) 

#2 Location Risks (success depends on location)

#3 Vandalism (leading to financial losses)

Create a Podcast

Creating a podcast is a great choice for those who don’t want to write endless-seeming blog posts or record YouTube videos.

Similarly to a blog or YouTube channel, podcasting is another opportunity to build a brand. 

Usually, podcasts are in an audio format, but can be virtually as well. In most cases, in podcasts the host (potentially you) interviews guests and talks with them about controversial topics.

If you can imagine yourself doing this, try and record your first podcast any time soon. 

And how can you make passive income with podcasting?

If you manage to attract a number of purple regularly, you can start thinking of monetizing your podcast.

That works quite similar to blogging or YouTube. The best ways are:

  • Affiliate Marketing
  • Sponsorships and advertisment 
  • Courses and Coaching 
  • Merchandise 
  • Memberships and Premium Content

Which of these ways works best for you depends on your niche and your personal needs. 

Weighing Pros and Cons

Pros:

#1 Passive Income

#2 Scalability (with growing audience)

#3 Diverse Monetization Ways 

Cons:

#1 Initial Time Investment 

#2 Competitive Landscape (challenging to attract people)

#3 Equipment and Software Costs (e.g. microphone)

Buy Crowdfunded Real Estate

This is quite similar to buying and renting out real estates. However, crowdfunded real estates come with the sweet benefit of not having to deal with the annoying things. 

What things are annoying?

Just think of tenants not paying rent, or repairs and management tasks. Annoying right?

With this method you use crowdfunding platforms to invest in properties. An experienced team then suggests suitable real estates and will take care of all the annoying stuff.

There is still more: You can start by even investing a few hundred dollars instead of hundreds of thousands!

For this service you usually pay an annual fee. 

Weighing Pros and Cons

Pros:

#1 Passive Income 

#2 Diversification (you can invest small amounts in various real estates)

#3 Low Entry Investments 

#4 Reduced Risk Exposure 

Cons:

#1 Lack of Control 

#2 Lower Income (compared to high-risk, high-return investments)

#3 Fees and Charges 

The Takeaway

At the end of each of my posts I provide a short takeaway. Just to make sure you remember the most important things you learned today! 🙂

Generate passive income through rental properties.

Ideal for those willing to invest in real estate and manage rental properties.

Consistently produce valuable content on a blog to attract and engage an audience.

Well-suited for those passionate about a niche or topic.

Invest in stocks that pay regular dividends.

Suited for those interested in stock market investments and seeking a source of consistent income.

Leverage your online presence to promote products or services and earn commissions on sales.

Ideal for those with a strong online following or content creators.

Connectable with blogging, podcasting, email marketing, your YouTube channel, … .

Share your expertise by creating and selling online courses.

Suitable for individuals with in-depth knowledge in a particular subject.

Buy vending machines to earn passive income through snack and beverage sales.

Great for those who search for a low maintenance and scalable business model.

Create a podcast to share your insights, interviews, or stories.

Monetize through affiliate marketing, sponsorships, ads and premium content.

Ideal for those who enjoy audio content creation and building a loyal audience.

 

Pool resources with others to invest in real estate projects.

Offers diversification and professional management, suitable for those seeking passive real estate income without the annoying things 😉

Final Thoughts

After all, earning money passively should be the goal of each and every one of you! The freedom this brings is immeasurable. 

I can just dearly recommend to start.

At least you have got an overview about the best passive income ideas in 2024 now!