As many of you know I’ve been there – it sucks and has the ability to almost completely cripple a blog that relies upon SE traffic. If you’re relying heavily on search engine traffic for most of your posts – be warned – it could happen to you.
Advice: Diversify your blogging interests. Develop a variety of blogs on different topics and domains. Look at non blogging income streams or related blogging income such as consulting, books, speaking etc. Work on generating traffic from other non Search Engine sources like other sites and newsletters to loyal readers. Even consider keeping or getting a part time ‘real’ job until you know you can survive on your blogging income even if the Search Engines abandon you.