Starting a personal development blog requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell personal development blog, or selling personal development blog online, you can use this page as a guide for everything you'll need to know.
Want to learn more? You can check out our full guide on how to start a personal development blog ➜
|Min Startup Costs||Max Startup Costs|
|Office Space Expenses||$10||$2,250|
|Equipment & Supply Expenses||$500||$5,000|
|Business Formation Fees||$600||$4,700|
|Advertising & Marketing Costs||$0||$2,750|
|Total Startup Costs||$1,504||$24,824|
|Develop Good Habits||developgoodhabits.com||#20,868|
|Leading Self Development Courses||briantracy.com||#31,463|
|Personal & Professional Growth, Training & Development||landmarkworldwide.com||#113,269|
|Marc and Angel Hack Life||marcandangel.com||#153,565|
|The Blissful Mind||theblissfulmind.com||#198,853|
|Flexibility||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!|
|Traffic to your website||A personal development 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 as a personal development blog. This could be the start of an incredible business opportunity!|
|High customer retention rates||Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.|
|Gain exposure and experience||This career allows you to gain experience working for multiple different businesses - which will benefit your resume and also keep things interesting for you!|
|Constant maintenance of publication||You may find yourself constantly needing to update your personal development blog in order to stay relevant for your audience and for those searching on google.|
|Low margins||The gross margins for your personal development blog are typically around 15%, which can make it more challenging to incur new expenses and maintain profitability.|
|Stressful work||This line of work can be stressful for both you and your clients. This type of transaction is a significant financial decision for your client, so expectations are very high for you. Although this career path can be very rewarding, it also comes with its challenges and stressful moments.|
|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.|
|Churn||In this business, customers can cancel their membership or subscription for your services - which can make revenue forecasting challenging and 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 personal development blog, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business.|
Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.
Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.
The affiliate typically gets a unique link where clicks and conversions can be tracked.
You may find yourself in a spot where you're ready to hire a few (or many) salespeople to support the sales conversion process.
Regardless if you have one or thirty salespeople, it's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.
Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.
Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.
According to Nielsen, 92% of people trust recommendations from friends and family.
Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.