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Tuesday, 10 February 2009

Blog launch!

I wrote in a previous post that I had figured out one of my "online flaws" was that I would sell a blog pretty much as soon as it had started making decent money. I didn't know if my blogs could keep earning consistently for months. Selling them contantly put me back at square one. I made a goal to not sell any blogs until Easter while constantly growing them and building more.

That strategy has been going very well. My adsense earnings have been steadily increasing ever since my last sale and I'm earning enough that hopefully I won't need to sell a blog at easter anyway.

The blog I want to tell you about is clothing deals online. On that blog I track down the deals and discounts that Amazon has on so many of its items and I publish my findings. Its purpose for the user is to save them money when they shop. It covers clothing in a very in-depth way with entire sections devoted to womens clothing online and other types of clothes. I'm still working on the appearance of the site (the header graphic needs changing), but I have high hopes for it!

Saturday, 17 January 2009

Growing the Right Part of your Online Money Making Business

My internet business involves blogs, a fair number of them. Sometimes I can wake up in the morning, check all my stats/earnings etc and think "what should I work on today, what is top priority?" Answering that question is easier said than done especially when you know that if you left everything alone for that day nothing negative (or positive) would happen. Sometimes it seems like everything I do is medium-long term, which means looking into the future is important.

I recently wrote about money making business opportunities that have developed simply by the passing of time. When the blogs that are working well stop growing so fast (but remain stable), its time to pick things up from the bottom and build those blogs up. Now that I've been 'picking up' my old blogs for a while some are growing faster than others, so should I ditch working on the ones that are not growing as fast and just work on the high-growth blogs (while maintaining the high-earning, low growth blogs). For now, the answer is yes. I'm ultimately diversifying while at the same time filtering out the less effective techniques.

It's the 80/20 rule coming in useful again. The 80/20 rule is the idea that 80% of your results will come from 20% of your efforts. Therefore if you can work out which 20% of your efforts are the most productive you can shift gear and only work on those things.

Wednesday, 14 January 2009

MoneyMaking Business Opportunities

Making the most of moneymaking business opportunities online can be difficult. If you are anything like me you swing from having no moneymaking ideas to too many ideas all at once! Should you buy new domains to start new blogs on, buy domains that are aged already or something completely different?

An alternative that I have been finding increasingly attractive recently is reviving old blogs of mine that are already trusted by Google.

My Current MoneyMaking Strategy

Over the 18 months I've been blogging I've built up quite a few domains. I had a phase just over 6 months ago where I did a load of keyword research and bought some domains. I wasn't invested in many things online at the time so I needed to get back in the game. I installed Wordpress on these new blogs and wrote the first post just so Google would index my site with a little content. Often a problem with blogging on a new domain is Google doesn't trust it and you have to work extra hard to not be 'sandboxed' or at least to avoid very low SERPs rankings.

6 months has now passed and my little blogs are all trusted enough by Google to get decent rankings without having to post every single day and build links all night. All that's changed about them is time has passed! I've been steadily adding content to them in the last few weeks and they have been growing very nicely.

I suddenly realized... I have left this blog to the dogs! It's full of decent content, trusted by the search engines, why on earth was I not updating it? On top of that I know more about how to earn money online with a blog now than when I used to write here daily, so I decided (at the very least) to add some more posts outlining what I've been up to.

If your a new reader to this blog or a veteran from 'the old days', do leave a comment letting me know how your business making money online is going for you.

Monday, 12 January 2009

Business Making Money Online

I've been wanting to outline a key lesson I've learned over the last 18 months about running a business making money online. It is about having a long-term strategy that will stand the test of time, like this ruined castle in Ogrodzieniec.

One problem I've encountered that is disguised as a mini-success is that I create a blog and build them up so that they earn a small amount only for me to sell them. Some would think (including me at the time) that this was a good sign. I was creating something that made money by itself pretty much for free in terms of financial investment and then selling it to earn a high enough amount for me to get by.

The problem I've come to realize is that is a short term strategy. If I am to build up passive earnings from adsense so that eventually I am free from financial shackles, I need to hold onto my blogs rather than selling them off. Each time I sell them my recurring earnings go back to virtually square one. Sure, I may have an extra $1000 in the bank, but that runs out and then I have to sell my latest creation.

One way to get around this to turn that into a positive. I am good at selling blogs, so perhaps I should just get quicker at building them up and continue selling them. I'm confident that business strategy would work in terms of making money, but it doesn't scale up to give me enough freedom with my time.

That is why I am setting a goal until Easter, to not sell any blogs in my old 'quick boost' approach. I will endure my bank balance getting a bit low with the aims of building a long-term business making money online. A few months of constant build up will almost certainly not be long enough to reach my overall earning goals, but it is a big step in the right direction for my business making money online.