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Two new blogs come on line every second quickly adding to the approximately 184 Million Blogs online today!

Want to take a guess on how many of those new blogs suck?

Too many!

So you want to become a millionaire or become famous from blogging, but you might have noticed there are just a few other people that want to do the exact same thing.

Is blogging dead?

You have one major thing working to your advantage, despite recent comments that blogging is dead from certain tech guru’s (Ala Wired’s Paul Bourtin). The vast majority of the blogs being put up today won’t be around in two years, let alone two months. Just think about the progression of blogs on the Internet so far and it will start to make sense.

1. Blogs go mainstream
2. Spammers, Criminals & Pornographers flock to make a quick buck
3. Blogs & blog readers adapt and begin to tune out the crap
4. Search engines begin to adapt to filter out the blogs that suck or are spam
5. Blogs evolve, readers evolve and only the fittest blogs are surviving

Here is the bad news! Unless you are creating kick ass content regularly, networking like crazy, avoiding linking & Black Hat SEO scams, and have truly found a way to stand out from the crowd, then you better be blogging for the love of it, not the money!

But despite all the crap, blogs are here to stay and a select few people will continue to get rich from them, and Technorati’s recent study proves it. How can blogging be anywhere near dying when 4 out of the top 10 entertainment websites online are blogs?

The numbers vary but agree that blogs are here to stay

· comScore MediaMetrix (August 2008)

·         Blogs: 77.7 million unique visitors in the US

·         Facebook: 41.0 million | MySpace 75.1 million

·         Total internet audience 188.9 million

· eMarketer (May 2008)

·         94.1 million US blog readers in 2007 (50% of Internet users)

·         22.6 million US bloggers in 2007 (12%)

· Universal McCann (March 2008)

·         184 million WW have started a blog | 26.4 US

·         346 million WW read blogs | 60.3 US

·         77% of active Internet users read blogs

 

Source: Technorati State of the Blogosphere 2008

So the good news or silver lining is that if you do have a great idea, superior content and can promote the snot out of your blog, you already have 184 Million blogs beat… hands down. With a lot of hard work, blood sweat and tears, you maybe, just maybe, are creating an asset that not only produces regular income, but could potentially be sold or bought profitably in future years.

121 new blogs every minute equates to over 170,000 new blogs a day or 62 million this year alone.

By 2010 blogs will __________________ . I’ll let you fill in  the blanks!