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.
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!
When you’ve been blogging for as long as I have you’ll start to see a few common trends, questions and concerns that continually pop up.
And one of the most common questions of all is how to find the most profitable niche to blog about.
People rack their brains trying to find the hallowed niche that is untapped, flowing with traffic and, of course, oozing with money.
They use amazing tools like Market Samurai (aff) to research their competitors backlinks (yes, you can do that!) and see if there is any way that they can do it better or mimic their success.
And while these methods do have merit there is something missing. Something not quite right about it all.
So, in this post I want to talk about the most profitable niche in blogging.
I really hope everyone reads this because it might save you a lot of time, money and heartache over the years.
One of the best ways to make money online is to buy established websites and blogs and improve, optimize and tweak them to perform better.
In fact, you can get better returns from websites and blogs than almost any investment in the world. Its a very low input, high output situation.
I thought we’d do something a bit different this weekend (instead of nothing) and try a little exercise with a neat little prize.
Leave a comment answering these two questions:
- What blog or website would you buy assuming money was no option?
- How would you improve on it?
This type of thing is an extremely good way to learn about the valuation of websites. And if you are trying to grow a blog to make a living or an eventual sale you will need to become an expert at this.
What are the rules?
- You cannot choose Google or Facebook
- You cannot choose an adult or gambling website
- You have to improve the website within a year
- Your improvements cannot cost more than 5% of your chosen website’s (guessed) income (ie you cannot just spend a million dollars on advertising)
What is the prize?
I’ll have a look at the answers and see which one I think has the most merits. The author of the entry that I like most will get a free Blog Consult by me valued at $299. I’ll take a look at your blog and send you suggestions on how you can improve, tweak and change it to grow a bigger audience and make more money.
photo credit: notsogoodphotography
photo credit: .Cest.
We all want a huge mailing list. I’m guilty of it. Take a look around the archives of Blog Tyrant and you’ll see all the references I make to building a huge list.
But, if I’m honest, a huge list is totally irrelevant unless the subscribers are engaged.
So what’s more important? Building huge relationships.
In this post I want to take a look at why you need to get your list engaged and addicted to your content and give you some tips on how to do it.