I am not going to reinvent the wheel and try and tell you that one way to fund your travel around the world is to start a travel blog – it is a common post by travel bloggers proclaiming their bloginess. I have met many a blogger that is making anywhere from a few dollars to a a few thousand dollars a month via their blogs – not to mention all the free or massively discounted stuff they get.
But talking to a good friend Backpacking Matt one thing that has struck me is what happens to that blog when you stop travelling. Many bloggers continue their blog indefinitely tinkering in the evenings, writing a few posts a week and collecting the extra cash. Others try to keep the blog alive by bringing in more writers. But there is then the issue of the name of the travel blog, take NomadicMatt, BackpackingMatt, JasmineWanders – these sites are about one persons travels. (Perhaps Nomadic and Backpacking Matts could merge, invite all the other Matt’s and create a community of travelling Matts – could call the site FlyingCarpets).
Surely, then it makes sense to name your blog something that might have a life after your travels. I think GapYearEscape has done a great job of building himself a very profitable web business that has the potential to carry on for many years to come, now that he is back in the UK, from what I can see from the outside.
Alternatively, though I was thinking that surely there is room for a second hand travel blog market! If blogs are such a great way to make money while you travel then once you have finished travelling could you not sell your travel blog with all the traffic and revenue to someone else. How much would that be worth? If you were earning USD$1,000 per month then I would think that someone travelling for a year would pay US$6 to $9k – seems about right to me, especially if you could prove to them that the revenue will rise over the year if they do x, y and z. Surely, buying a travel blog that is already making money is a huge kick start rather than building something up slowly from scratch.
Which begs the question of my thoughts – wouldn’t it be better to call you travel blog something generic that you could subsequently sell (or get in more writers)? Just a thought.