Are You Correctly Predicting The Future To Maximize Your Online Revenue?

Pick The Right Companies And Flourish

by in Lifestyle on Apr 16th, 2015

One of the big surprises to come out of blogging was not the realization that I could one day leave my full-time job in finance. That epiphany came when I received an advertising request on my iPhone while chilling at a bar on top of Santorini in the Fall of 2011.

The biggest surprise about blogging is its ability to be a dynamic resume to allow people to pivot into a new career!

One of the big reasons why I wanted to get out of the investment banking industry was because there was a loosening correlation between performance and reward. One would work harder, generate more revenue, and get paid less! That’s demoralizing. Ever since I left the banking world in 2012, there’s been report after report about how XYZ bank is downsizing its departments. I’ve also heard from old colleagues how their compensation continues to get squeezed.

Meanwhile, the consumption of online content continues to explode! Sites like Buzzfeed and Upworthy have come out of nowhere with mega valuations based on aggressive funding. Meanwhile, every week a new blogger is quitting his/her job to blog full-time. I’m bullish on blogging for the next 10 years, and I just wish I started Financial Samurai in 2003 when my father first suggested the idea instead of dilly dallying until 2009.

Financial Samurai now generates enough to put food on the table, without having to aggressively sell anything, work in an office, or report to anyone. It is a dream come true, and every day I thank my lucky stars.

What I’ve discovered is that to grow your revenue online, you’ve got to make educated guesses about the future. Read More

The Best Way To Make More Money Online: Become An Authority Affiliate

Become An Expert In What You Recommend By Going All-In

by in Lifestyle on Mar 16th, 2015

Making money online is one of the most audacious goals out there. To be untethered from an office and work from anywhere there is internet access is a dream come true. I never thought I’d ever make a sustainable income stream online until I was hiking in Santorini, Greece back in 2011. A client e-mailed me to advertise on FS while I was sipping an overpriced $10 beer at a bar. I put up the code in 30 minutes, and he sent me a $1,250 Paypal 15 minutes later. It was then that I knew maybe, just maybe I could make a living online!

Selling links is not a sustainable way to make money online anymore. We’ve seen Google wipe out a massive amount of sites due to link building practices that violate their terms of service. While I continue to believe every single site owner can do whatever they want with their own sites, if you want to gain search traffic from Google, then it’s best to play by their rules.

For the past three and a half years since I left my day job, I’ve experimented with affiliate advertising. At first, I was reluctant, because it felt weird pushing a product. So instead, I decided to thoroughly use each and every product for several months before really writing about them on my sites.

Affiliate advertising is the best form of advertising because if you find the right products, they naturally complement the content on your site. I strongly suggest writing articles first, without having an affiliate product in mind rather than write an article for the main purpose of making money. This way, your article is much more natural. Readers can tell if you’re just writing another product review post for money, or if you truly feel the product provides value to your community.

Despite being a user of all the products I highlight on my site and spending hours testing new features and functionality, I felt I could do more to build the trust of my readership. Thus, I’d now like to introduce you to the “authority affiliate” model.

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How Important Is Social Media To Your Blog Or Business?

Maximize Your Use Of Time And Money Online

by in Personal Finance on Mar 2nd, 2015

As an online media consultant for several financial technology companies, I’ve been asked to think about existing traffic acquisition strategies and figure out better ways to utilize a company’s time and money to improve returns. I love analyzing data and finding solutions to increase ROI. As a problogger, leveraging my experience building Financial Samurai over the past six years to help other companies grow their brand and traffic online makes sense.

For the longest time, I’ve had a bias AGAINST social media. Who has time to tweet, like, flip, share, and do all that? Social media seriously feels like a huge time sink if you are just a one or two person show. The only platform I really use is Twitter, and even Twitter I feel is not a very good use of my time.

Look at what happens on social media:

* You open yourself up to social flaming wars

* You create stress by always feeling you have to respond to people

* The police come and arrest you once you tell everybody on Facebook you robbed a bank

* Given Facebook’s privacy settings are so confusing, Mark Zuckerberg’s sister didn’t realize the family photo she posted on her Wall was actually accessible to more people than she thought.

* You don’t get that much traffic back to your site, unless your site is really small, or all about social

There is social media overload, and I just don’t have time to run a Facebook page, Pinterest page, Twitter feed, Google+ page, and LinkedIn page to help those sites gain traffic. Instead, I’ve focused all my time just writing content on Financial Samurai and doing the basic social media publishing, but nothing more.

But some people are rockstars at social media and I wonder if it takes a certain type of personality to always be talking about yourself and your work online. I personally get sick of hearing myself speak, which is why I’m constantly looking for other viewpoints.

Let me share with you a spreadsheet I put together on various sites’ traffic figures, social percentage, and social percentage. Let’s see if we can glean any data together. Read More

High Paying Jobs For All Experienced Bloggers

by in Lifestyle on Feb 17th, 2015

Imagine having fun making money with your blog. You enjoy interacting with your community, responding to comments, writing posts, and highlighting products you think will help your readership. It’s rewarding to have your little slice of the internet universe.

Now imagine making money from your hobby and leaving a job you no longer enjoy for a high paying job that totally fits your blogging interests! So many people are stuck working at jobs they do not not enjoy – some even hate their jobs, but can’t break free due to all their financial responsibilities.

After 15 months of working with several companies in their respective marketing departments, I’m here to tell you that there is a world of fantastic, high-paying jobs out there that every blogger with at least a couple years of experience can have.

We bloggers are creatives and business people in one. We are the CEOs, CMOs, CFOs, COOs of our respective sites. There’s no better way to learn than to learn by actually building something from nothing. We’ve all built something from nothing, and that’s something we should all be very proud of.

I realize that not every blogger can generate hundreds of thousands of page views a month or make a hefty online salary. Some give up when they realize they could be making more at McDonald’s flipping burgers than blogging. But the biggest irony is that most of the successful bloggers who do end up making a lot of money don’t have the sole goal of making a lot of money in the first place. Their primary goal is to write, connect, and share their creativity.

Besides the lucrative Chief Content Officer, Chief Marketing Officer, or VP of Marketing officer positions, here are five more relatively high paying jobs for bloggers to pursue.  Read More

Why Every Company Should Hire A Blogger For $200,000 A Year

Bloggers Make The Best Chief Content Officers And Chief Marketing Officers

by in Lifestyle on Feb 2nd, 2015

There’s something going on in the corporate world that I’m not sure many of you are aware of. Harvard Business Review calls it, “The Content Marketing Revolution,” while Ari Levy from CNBC writes a great report encouraging firms to “Hire More Writers If You Want To Rank Higher On Google.” In essence, corporations of all sizes are beginning to spend A LOT of money on content marketing. There is now the newest C-level title of “Chief Content Officer” floating around Silicon Valley as companies are beginning to understand the power of story-telling, community building, SEO, social media, and ROI focused marketers.

For the longest time, I couldn’t find any other industry that paid as well as the finance industry. For example, first year analysts out of college are now earning $80,000 base salaries plus a bonus in finance. When I left Wall Street in 2012, Directors (one level above VP) were making $250,000 base salaries plus bonuses that could easily equal a full year’s salary or more. It was only a full year after I left the finance industry that I truly appreciated how good the compensation was.

All the tech jobs I was interested in after leaving finance “only” paid between $80,000 – $160,000 full-time plus stock options, which are a complete crapshoot. Those figures might sound like a lot to some who are not living in expensive San Francisco or Manhattan, but I can assure you that $80,000 – $160,000 is squarely middle class with real estate prices costing so much.

Given the compensation packages, I figured I might as well focus on my online media efforts instead of working for much less compensation in a new industry. But after I learned how much Chief Content Officers make at large companies, from talking to various industry people and after spending a full year consulting for a startup, I’ve come to realize that once again bloggers have another fantastic opportunity!

Read More

How To Make Money Quitting Your Job
  • RonniS: Can you please an example of your own product?
  • Asif: I like the way you started the post. I have been using it, since last few weeks to actually review the service,...
  • Untemplater: I completely agree it’s best to promote affiliate products and services that we use ourselves....
  • Barbara Friedberg: I just did a campaign for Draftapp, a new free app to compare your investment returns and fees...
  • steven@buyingstocks: I fully agree that social media is time consuming and that creating valuable content is more...
  • Steven@buyingstocks: I surely will not give up and meeting people with that have succeded surely helps with the...
  • Financial Samurai: Don’t give up. I started seeing some results in the 2nd and 3rd year. Your blog’s...
  • Financial Samurai: Indeed. Focus on the LT. That’s how massive wealth starts to compound.
  • Financial Samurai: You will be even more ecstatic once your web properties make more than your rental income. I...
  • Financial Samurai: I’m definitely a buyer of blogs, especially at levels many people who are burnt out, or who...

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