“Take more risks,” they said. “It’ll be fun,” they said.
I’ve been around business people all my life. And the one thing you notice is that the successful ones take risks.
But not everyone is built for risk taking.
Personally, I hate risks.
I just want to sit in my local cafe and write blog posts and not do anything that could be even remotely stressful.
So why do I end up taking risks anyway?
And has it had a big impact on my business?
Although I prefer to write about blogging experiments and conversion strategies, I can’t deny that a lot of the readers of this site want to know how to build a profitable blog.
And one of the bigger concerns is whether or not their blog will ever be profitable enough to support a spouse, kids, bills, etc. I know a lot of stay at home moms who run blogs think about this because I receive the emails.
Not everyone wants to make money from their blog, but if you do then you would have inevitably thought about whether you’ll ever earn enough to make the whole thing worth while.
Let’s take a look at a few issues about building a profitable blog.
Me and my buddy walking a rainy path in the highlands of Scotland.
When I was 16 I sold an eBook for $65 to a lovely man from Holland.
Actually, it was less e-Book and more real-book; I printed it out with a nice hardcover and literally posted it to the other side of the world.
As clumsy as that transaction was (I made him send me the money via Western Union) I am only now realizing something vital about that day.
And I’d like to share it with you.
Hopefully someone out there reads it and doesn’t end up wasting all the years that I have.
WARNING: Self-involved stories and lame nostalgia ahead. Proceed with caution!
Not too long ago one of my best mates made $1.6m in affiliate sales… from a laptop in his kitchen.
It was a huge achievement given that he also has six children and works only at night in order to maximise his time with the little fellas.
It’s also a huge achievement because he nearly went bankrupt a few years before.
You see, this friend has a remarkable ability to make money online.
Sometimes the ideas he comes up with seem totally insane to me. But he always seems to make them work – and make them work in a big way.
So why do I drive for nearly two hours to visit him?
Most of us are trying to make money with our blog.
But perhaps the biggest mistake you can make is to try and make money with it today.
That might sounds like a crazy statement to many internet entreprenuers out there – surely we want to maximise our profits from the beginning?
Well, lately I’ve been having some other ideas based on some stuff that has been working for me and a few of my more successful blogging buddies.
Let’s take a look, shall we?
Chris Ducker has a new book.
You’re going to be hearing a lot about it in the next few weeks.
He sent me an advanced copy a few weeks ago and after reading a few chapters I instantly realized something pretty important.
He got the title badly wrong.
It is an incredibly useful book – practical, simple to follow and extremely insightful. But the title ain’t right. I’ll talk more about that below.
This is the first time I’ve ever written about a book on Blog Tyrant. I’m not getting paid to do it. I’m not using any affiliate links. I just wanted to talk about it because I honestly think that it’s the missing ingredient in a lot of blogger business plans.
Read on. Please.
NOTE: There is a little competition at the end of this post that you are absolutely going to want to read about… I’m talking a free half an hour Skype call with Chris himself (usually valued at $500) to help brain storm your blogging/outsourcing future. I’ll also give away a few copies of the book.
Last Update September 30th, 2014
Without paid content writing I would have had to get a real job years ago. My couch based, pants-off office set up would be replaced with a suit and a cubicle. For-get-it!
Looking back I realize that content creation has been a part of my business almost from the beginning. Not always in the same format, mind you, but in one way or another.
- I’ve been asked to be a regular writer on ViperChill (I know, right) and other big blogs;
- In 2009 I was offered almost $150,000 to produce content for an SEO firm (it didn’t work out and I’ll tell you why later);
- I ghost write premium content for clients from anywhere between $150 and $400 an article;
- I’ve managed small teams of micro-content producers;
- And so on…
I feel really funny about bullet pointing my “achievements” but I wanted to give you an idea about the type of work I’m focusing on in this post.
Copywriting and content writing hasn’t made me rich or anything like that but it has provided some pretty handy supplementary income over the years.
I thought it would be a useful thing to write about for people wanting to move away from a desk job and forge their own way. Throughout all of that typing and client relations I’ve learned a few things that I’m happy to pass on.
Oh, and I’ll explain why this is only the penultimate guide at the end.
So, let’s get started.
Don’t get too comfortable with who you are at any given time – you may miss the opportunity to become who you want to be. - Jon Bon Jovi
Most of you know that I really like working from home despite the occasional cat-based distraction.
It is challenging, rewarding and sometimes a lot of fun.
But there are a lot of other serious reasons as to why a person might want to consider starting an online business and work from home.
In this post I’m talking about why I think more people should consider going down this path – even though it might be really scary at first.
Let’s jump in!
“Should I sell Blog Tyrant for $500,000?” I asked my fiance, completely hypothetically, while going for a walk last week.
After thinking about it for a few seconds she settled on “Yes” – it seemed like a lot of money for a two year old blog so I should probably sell up.
She’s right, half a million dollars does seem like a lot of money when you have the whole lot in your bank account at one time (minus the sales taxes, etc.). But when you look at it from a longer perspective it might actually be a really bad idea.
The conversation got me thinking about how much my blog was really worth. It also got me thinking about how much I’d actually sell it for (if anything).
In this article I want to go over:
- How much your blog is worth to a potential buyer
- How much your blog is worth to you and your business
- Why you should think twice (or thrice) about selling your blog
- What you need to do if you decide to sell
As you know, I’ve sold blogs before and have a little bit of experience in the area. I’ve also got a few regrets that I’ll tell you about.
I also really want to know whether you’d sell your blog for $100,000.
How do I make money blogging? Can I go from hobby writer to professional blogger? Why isn’t it happening as fast as I’d like?
These are questions that almost every blogger will ask themselves at some point in their career. From the moment we get the itch and purchase our first WordPress blog host we are dying to make it big – or at least make some pocket money.
Well, one of the best ways to avoid pitfalls on the path is to study the history of those that came before you. And, funnily enough, it’s also a really good way to come up with new and profitable ideas. Remember the motto no ideas original?
In this post I want to show you some of the most controversial, interesting and inspirational events that have happened to people making money with blogs.
By looking back at these provocative histories I’m hoping we can avoid mistakes and come up with ideas that will help us in our time, with our journey.
Let’s dive in!