Entrepreneurs know that a good business idea needs a business plan to see if the ideas measure up. And a core aspect of any business plan is a realistic budget. For some reason, when it comes to starting a blog, new bloggers tend to overlook this part of the preparation. There might be many reasons for this, but you should be aware of the total costs you’re going to incur to run a proper blog over the short to medium term. In this article, I’m going to take you through a breakdown of just how much it costs to start a blog in South Africa.
I update this article regularly - for reasons that will become apparent shortly.
Firstly, know that a proper business blog can (and does) make decent money. I say money, but technically, it’s revenue.
Profit is a factor of revenue and expenses. To increase profit, you can increase revenue, decrease expenses - or a combination.
However, relative to conventional businesses, blogs are actually very cheap. But - they don’t factor in your time. With that said, there are some costs you should incur, others you can defer or others that are just totally unnecessary.
I tackle this generally, but (depending on your technical knowledge), you might be able to circumvent some things. Remember that I’m working on an 80 / 20 rule. I’m also giving advice based on what I’ve done myself.