Forms of Financial Support and Monetization

According to Erol (2016), sources of funding for blogs usually depend on the goals and objectives, as well as the size of the production team. For most personal blogs, the sources of funding are usually from personal savings and well-wishers. However, based on the size of the production team and the background of the members involved, the sources of funding usually range from government programs to charity support from non-profits and other financial institutions. The differences in the sources of funding depend on the objectives of the blog and the purpose for which it was formed.