What are the pros and cons of starting a mom blog?
A mom blog has a few pros and cons, which you should be aware of before getting started.
Here are the high level benefits and drawbacks of a mom blog:
|• Flexibility||• Crowded Space|
|• Ability to start your business from home||• Constant maintenance of publication|
|• Little startup costs required||• Niche Market|
|• Traffic to your website||• Customer churn|
|• Meaningful business connections||• Time commitment|
|• Quick build time||• Difficult to build trust with your customer|
|• Rewarding work||• You might struggle financially (at first)!|
|• Scalable||• Minimal physical activity|
|• High margins||• Learning Curve|
|• You are your own boss!|
|• Control your own destiny|
|• Greater Income Potential|
|• You get to do something you truly love|
|• You can decide who you work with|
|• Minimal experience required|
You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
• Ability to start your business from home
It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
• Little startup costs required
The cost to start a mom blog costs significantly less money than most businesses, ranging anywhere from 1,167 to 40,819.
• Traffic to your website
A mom blog gives people a reason to visit your website and to keep coming back to you!
• Meaningful business connections
You never know who you will meet or get to work with for your mom blog. This could be the start of an incredible business opportunity!
• Quick build time
The average time it takes to build your product is quick - typically around 4 months. This will allow you to bring your product to market faster.
• Rewarding work
Starting a mom blog can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
With businesses and processes changing daily, there will always be demand for new features, products and services within your mom blog. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
• High margins
The gross margins for your mom blog are typically around 80%, which is considerably high and allows you to grow your business and manage costs easily.
• You are your own boss!
With starting a mom blog, you are the one to make decisions for almost all of the operations. Calling the shots can be empowering and liberating!
• Control your own destiny
starting a mom blog allows you to control every aspect of your life and make your own dreams come true every day.
• Greater Income Potential
When you start your own mom blog, you have the ability to make as much money as you want. You no longer work for someone else where at any point, you could be let go or get a pay cut.
• You get to do something you truly love
With starting a mom blog, you get to put your energy into something you are truly passionate about! You'll find yourself devoting as much time and energy as possible into the business to make it successful.
• You can decide who you work with
Gone are the days of working in a toxic work environment with employees that you may not vibe with. As a small business owner, you get to decide who you work and surround yourself with.
• Minimal experience required
Starting A Mom Blog requires little experience and no specific certifications or qualifications. To be successful, you need hard work, determination and the desire to achieve greatness!
• Crowded Space
Competition is high when it comes to your mom blog, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
• Constant maintenance of publication
You may find yourself constantly needing to update your mom blog in order to stay relevant for your audience and for those searching on google.
• Niche Market
A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience.
• Customer churn
With a mom blog, people can cancel their subscription - which can make income unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible.
• Time commitment
With starting a mom blog, all responsibilities and duties will be in your hands. Although this is not necessarily a negative thing, it's important to understand that your work-life balance may be a bit unbalanced at times. This can place a strain on friends and family and add to the pressure of launching a new business.
• Difficult to build trust with your customer
With a mom blog and any online business, there is little physical interaction, which means it can be a lot more difficult to establish trust and clout with your customers. You'll need to go the extra mile with your customer to grab their attention as soon as they reach your site + assure them that your brand is legit and trustworthy.
• You might struggle financially (at first)!
If you bootstrap your business or choose not to pay yourself (or pay yourself less than you were making at your corporate job), this can be financially taxing. It's important to adjust your lifestyle and set a plan for yourself so you don't find yourself in a stressful situation.
• Minimal physical activity
A big part of starting a mom blog is sitting at a desk for the majority of the day starting at your computer. Some may enjoy this, but others may struggle with sitting for the majority of your day without much physical activity.
• Learning Curve
When you start your own business, you no longer have upper management to provide you with a playbook for your roles and responsibilities. You should know the ins and outs of every aspect of your business, as every decision will come down to you.