Starting a blog is not cheap. If you’re starting from scratch, expect to spend anywhere from $100 to $1,000 on a suitable platform and domain name.
You’ll also need to buy a hosting plan and develop a custom theme or template. If you’re using an existing platform, such as Blogger or WordPress, your costs will be considerably lower, but you’ll still need to pay for monthly hosting and subscriptions to helpful tools and services, such as Google Analytics and Amazon S3.
The upside is that once your blog is up and running, it can be extremely profitable. According to research firm Technomic, the top 10 percent of blogs in the U.
S. generate more than twice as much revenue as the bottom 90 percent combined. And if you have a popular blog, you could easily rake in tens of thousands of dollars each month from advertising revenue alone!.
So whether you’re starting from scratch or using an existing platform, investing in a blog is definitely worth it – if you have the patience and dedication to see it through!.