Is getting rich with your blog a ‘fairy tale’ ?

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Last month Newsweek ran an article online entitled “Growing rich by blogging is a high tech fairy tale”. The author, Daniel Lyons, details how he exhausted himself writing upwards of 20 posts a day, eventually culminating with the New York Times featuring him and his blog. As a result he got 500,000 hits in one day, and 1.5 million for the month. The grand monetary result of all that traffic? Just over $1000  in advertising revenue for the month. He soon shuttered his blog in disgust, declaring that getting rich with your blog is impossible.

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