Become Wealthy If You Treat Your Blog Like a Business

by in Lifestyle on Oct 13th, 2014

The following is a great post by MyMoneyDesign.com who is building up his own blogging business. 

Earlier this year Business Insider ran a story that described the 10 ways that rich people think differently. For the record, they defined “being rich” as having an annual income of $160,000 or greater and a liquid net worth of $3.2 million or greater. Though there are lot of good habits that can help people become wealthy, one of the more common ones is the fact that a lot of them were business owners who started their own businesses.

Being the owner of a business is significantly better than being an employee. In one situation you trade your labor for a wage. But in the other you get compensated for having a property that others need.

Being an owner is scalable. There is no limit to the number of money making assets you can have. But being an employee is not. No matter what your wage is, you’ll always be constrained by the limitation that there are only 168 hours in a week.

Even though you may think you don’t have any grand business ideas or great inventions that anyone will ever want, I’ve got news for you: If you own a blog, you’ve probably got more of a chance at joining the financial free than you think. Here’s why.

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Conclusive Evidence Beyond Basic SEO Is A Waste Of Time And Money

by in Lifestyle on Oct 1st, 2014

I’ve kept the stance for several years now that beyond basic SEO, SEO is not a great use of time or money. If you artificially build links, you’ll eventually get penalized by Google. If you build a link-building business, your business probably won’t last very long either. If you build a link building network, it’ll eventually go away as we’ve seen with many Private Blog Networks getting hit in September, 2014. If you’re a link broker, be prepared to get a day job again.

Yet, despite the very obvious repercussions of trying to game the system with SEO beyond the basics of a good title, meta description, and keyword content inclusion, requests for direct advertising links and advertorial sponsored posts keep on coming in. Activity in the SEO forums, SEO social media, and SEO blogs are as active as ever.

I do understand publishing the occasional sponsored post because it’s such easy money, especially if the content is OK and relevant. But spending time and money on producing content is way more valuable than spending time and money trying to game SEO.

I’ve asked this question before and I’ll ask it again: If an SEO is such an expert, why doesn’t he or she build their own amazing SEO site and generate lots of passive income than work for an SEO company or be a SEO freelancer?

THE ANSWER TO THE MOST OBVIOUS SEO QUESTION

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How to Use Coupons to Cut Down on Medical Bills

by
51[?]
in Personal Finance on Sep 30th, 2014

Whether you’re seeing the doctor for some allergy relief or even the common cold or you need some lab tests done, you would be surprised at how medical bills can get so expensive. Fortunately, there are a number of ways that you can reduce your healthcare costs. If you’re a coupon clipper or the type who doesn’t mind the extra effort in finding a good price on the products you buy, then you will be glad to know that one of the best ways to cut down on your medical bills is to use coupons.

Now, there are many pharmaceutical companies that have made it one of their direct-to-consumer marketing tactics to offer free trial periods or coupons for their best-selling drugs. While there is some debate that surrounds the use of drugstore coupons, there are healthcare advocates who encourage consumers to take advantage of these money-savers for drugs that are marketed directly to consumers. Supporters also argue that drug coupons make medications affordable for patients with medical conditions that cannot be treated by generic or non-prescription drugs.

Free Trial Periods

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Yahoo!-Bing Media.net Review: Five Years Later Using A Google Adsense Alternative

CPC Advertising Option

by in Lifestyle on Sep 15th, 2014

When I first started blogging in 2009, Google Adsense and selling text links was all the rage. I remember reading everything I could about ad positioning with heat maps, figuring out the optimal number of CPC ad blocks to place, and understanding which keywords were more lucrative. It was fun and exhilarating to earn several bucks a day. But all I really wanted to do was write for the fun of it for the first couple of years. Writing posts to try and rank well for CPC advertising was quite a soul-less endeavor, especially for one who had a full-time job at the time.

After working on CPC income for the first couple of years, I began focusing 80% of my efforts on developing affiliate income because once you’ve optimized your CPC ads, there’s nothing much more you need to do as the ads show automatically. CPC income is truly the most passive of incomes there is online! With affiliate advertising, I wanted to further optimize my ads displayed by choosing the best products to feature on my site that I personally use as well.

After five years on the Yahoo-Bing Media.net platform I’d like to provide another review about the pros and cons of using Media.net specifically. I also have Google Adsense on Financial Samurai as well, so I’ve got a good idea of how everything works and compares.

MEDIA.NET CPC ADVERTISING REVIEW

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When Should You Quit Your Day Job To Become A Full-Time Blogger?

by in Lifestyle on Sep 2nd, 2014

I was doing some financial housekeeping the other day and I realized my online company’s operating profit YTD finally outstripped my day job income from the very last full year. I was excited not so much by the amount, but because I had finally proved to myself that I could finally make something sustainable on my own. Creating something from nothing is a thrill.

Financial Samurai and the Yakezie Network started in the summer and winter of 2009. We’ve all heard that most businesses fail within 5 years, so getting over the 5 year hump is definitely something I’m pleased about. It’s been a fun and long road since then – lots of failures, lots of conflict, lots of stolen ideas, and lots of doubt. I’m not sure I’d be as appreciative of my situation now if it wasn’t for a lot of problems in the past.

It wasn’t until 2012 that I decided to focus more attention on making online revenue since that is when I left my job. Before then, I was just writing for the fun of it. I still write mostly for the joy of writing, but there’s a little more business strategy involved now. Writing for leisure and connecting with other people online is probably what saved me from quitting. I think most of us blog because it’s a rewarding experience unlike any other. Read More

How To Make Money Quitting Your Job
  • Untemplater: I’ve had to cut down on my frequency of posting, but I’d rather do that and maintain quality...
  • MyMoneyDesign: Building up your audience and providing them value is something that so many money-seeking bloggers...
  • Financial Samurai: The wrong reason is always money, and that’s hard as PF bloggers b/c money is the focus of...
  • Financial Samurai: Definitely a turnoff when I stumble across such a blog. I don’t know why people would...
  • moneystepper: I think that the primary cause for failure in blogging is getting into it for the wrong reasons. Unless...
  • maria@moneyprinciple: Yes, the editorial calendar example is funny (not so funny when I hit such a blog but then one...
  • Linda: That editorial calendar example is hilarious! I’ve seen a couple of those blogs before and they suck....
  • chirag: my website bandrahouse.com used to make 40$ a day with adsense and then it got banned saying invalid clicks...
  • LeisureFreak Tommy: I can relate to the taking a step back. I have been so busy with my early retirement side hustle...
  • maria@moneyprinciple: Sam, one day I hope to follow your lead in terms of traffic and business acumen :)
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