Many people dream of blogging for profit, and this goal is not far beyond the reach of someone with average intelligence, a willingness to work hard, and a basic grasp of blogging technology. However, very few people manage to reap the profits they want from their blog.
Most people who attempt to make money with their blogs do not succeed for two reasons. Often, bloggers have unrealistic expectations of how fast their readership will grow and how much money they will make, and when these expectations are not met the disappointment can crush the desire to continue blogging.
The other trap that many bloggers fall into has to do with lack of planning. There are many things you need if you plan on turning a profit as a blogger. For example, do you have any accounting programs or personal tax prep software to record the extra income?