Day 4: Blogging Revenues, Brands and Blogs: SOTB 2009 - Page 2
Across audiences who make money from blogging, the main positive revenues (not including salaries) are as follows:
Of course, revenues aren’t all positive. Bloggers – including Hobbyists – also report significant annual investments in their blogs. As employees of companies, Corporates were not asked about their personal expenditures on the assumption that blog construction, hosting and maintenance would fall to their employers. Evaluating positive and negative cashflows, we see that the mean profits for blogs with reported revenues is $57,369.20.
Remembering that a substantial majority of the blogosphere is essentially hobbyist in nature is an important part of understanding why many blogs are not ad-supported.
The hobbyist ethos is even evident among many Part-Timers and Self-Employeds who generate revenue from advertising – 89% of whom believe that it is important that the advertising placed on their blogs align with their values.
The divide observed earlier featuring Corporates on one side and Part Timers and Self-Employeds on another, is particularly visible in each subgroup’s approach to managing advertising on their blogs. Part-Timers and Self-Employeds rely on self-serve tools to offer contextual ads or pay per click ads on their blogs, while Corporates mainly rely on dedicated ad sales teams.
According to Lijit, comparing 2008 to 2009 there has been a 68% increase in the number blogs with ad tags installed. This indicates to that monetizing blogs is high on the priority list of most publishers. Last year Lijit found that Google Ad tags made up 67% of the tags found. This year that percentage has dropped to 47%, indicating publishers are experimenting with other ad networks.
Finally, when it comes to specific ad types, Rich Media ads have achieved levels of moderate penetration, while Interstitial and Pop-up ads are relatively uncommon in the blogosphere.
Brands in the Blogosphere
When it comes to brands, 70% of bloggers are talking about them. 46% of respondents post about the brands they love (or hate), while and 38% post brand or product reviews. Part-Timers, and Self-Employed bloggers are talking about brands at a much higher rate (80%), with one in three posting reviews at least once a week.
Excluding hobbyists – who are not monetizing their blogging, and many of whom don’t wish to do so – 14% of respondents maintain a blog for a company.
71% of all respondents who maintain blogs for a business – their own or one they work for – report that they have increased their visibility within their industries through their blogs. 56% say that their blog has helped their company establish a positioning as a thought leader within the industry.
In addition to its positive business impacts, bloggers have experienced positive career impacts. 58% say that they are better-known in their industry because of their blog, and 15% say that they have more executive visibility within their company as a result of blogging.
What does the future contain for the blogosphere? And what's all the commotion about this thing called Twitter? Read about our finding in Day 5 of the State of the Blogosphere report.