As of 2023, there are approximately 600 million blogs worldwide. However, only a small fraction of these blogs attract significant traffic, and even fewer are successful in generating income.

Starting a blog can be more than just a passion project — it can be a lucrative business opportunity. I'm Georgi Todorov, the entrepreneur who built and sold Thrive My Way for six figures.

From zero to 300,000 monthly traffic in two years, my journey was a testament to strategic thinking and adaptability. In this article, I share seven critical lessons from this experience, each offering valuable insights for aspiring digital entrepreneurs.

Related: 5 Steps to Prepare Future You for Selling Your Online Business

From the beginning, it's vital to view your blog as a potential asset for sale. Meticulous record-keeping, which in our case involved daily updates in Google Spreadsheets, ensured that we kept a transparent and detailed record of all financial transactions. This level of organization was not just about maintaining efficiency; it was about building confidence that we were operating a legitimate, well-documented business. Such a mindset is indispensable, especially in a market where buyers are increasingly looking for transparency and thorough documentation.

Maximizing your blog's financial potential early on is........

© Entrepreneur