Just to update this thread...
I have still not reached a 4-digit per month income from my blogs ever since I started this thread although I do notice a slow increase every month. I have started a few travel blogs in addition to the finance one that I started with when I started this thread.
I am monetizing my blogs not only using Google Adsense but others such as Infolinks.com (I just recently switched form Kontera.com as I realised I earn better using Infolinks)... some blogs with Linkworth and others with Text-Link-Ads, and also paid posts such as Blogsvertise.
Traffic also increased (very slightly though) from 2069 UV in Jan 2009 to 4446 UV in Jan 2010 until 26 Jan 2010. I know I need way more traffic to reach 4-digits per month, let alone 50k
So far I have been using social networking to promote my posts especially newly published ones. Haven't done much link building except submitting my sites to tons of directories. I admit I haven't done enough marketing... Most of my time is spent in writing quality posts everyday. Which is EXHAUSTING!
Also, I recently added links to my blog from some high PR sites (ranging PR5-8) but instead of gaining PR, I lost my PR. Many said this Google dance is normal to happen especially shortly after high PR link building. However, my PR may have been lost but one of my posts now rank #1 in Google for a keyphrase related to credit score and student loans. So I know for sure that my blog wasn't banned. Ever since I rank #1 for this, I get more traffic and also an increase in Google Adsense.
I write the content myself for all of my blogs and producing quality content EVERYDAY is exhausting and time consuming. I am thinking if I should pay somebody to help me blog but I don't know it that is a good idea in terms of the quality of the posts and also money wise.
I am still in to reach 50k from my blogs. And I have more questions here:
- Which link building strategy should I go for? As I am currently doing everything myself, I want to go for the most effective strategy... I am thinking of article submission to article directories. Is that a good option?
- Should I pay bloggers to blog? How much should I pay if so? Who would you recommend?
- One of my blogs has just been accepted and added into Google News. 3 of my most recent posts have been included there. I really really hope that being in Google News will drive even more traffic to my site. Since I only get 4500 UV for Jan 2010 alone, is there anything else that I can do to boost my traffic to 10k UV next month?