Are You Fully Utilizing Your Blog For Maximum Financial Returns?

by in Lifestyle on Nov 9th, 2014

Like many of you, I’ve been on this passive/semi-passive income building journey for quite a while now. I love the blogosphere because most of us like to write, and we’re all looking to see if we can develop a fun side or main income stream to buttress our financial situation.

In my latest passive income report, I finally realized that I’ve been seriously neglecting one key financial asset: my Lake Tahoe vacation property! It’s weird, because for the previous two passive income reports, I thought I was doing everything possible to boost my passive income.

I occasionally advertised the vacation property on Craigslist to supplement the existing efforts of the hotel property management company. But I stopped after about several months because it became tedious.

Then I fired the hotel property management company after six years and went with a new property management company that charged half the commission. The risk was that since they are an outside property management company, volume would decrease. But they guaranteed me a minimal amount of income to switch, so I wasn’t too worried unless they welched on their promise. I decided not to help them market my property due to the guarantee and due to my desire to focus on my consulting and online business.

Now that the annual guarantee income period is over, it’s best to help them, help me beyond just advertising on Craigslist and e-mailing my friends. I could write an in-depth post full of pictures about The Resort At Squaw Creek to rank for the terms “lake tahoe vacation property rental, Squaw Valley, Lake Tahoe, Resort At Squaw Creek” and link back to my property management company! If that post could sit on the front page of a Google search for years, then voila! An extra $500 – $1,500 a month in income could very easily be generated

So that is exactly what I did. I finally wrote a 1,550 word post about the best vacation property rental in Lake Tahoe on November 7, 2014. But what I should have done was write that post five years earlier when I first started Financial Samurai! Doh.  Read More

Before You Write A Post, Ask Yourself This One Question

by in Lifestyle on Oct 29th, 2014

The other week I woke up around 4am because I passed out at 9pm. I had played tennis the night before and ate a big meal afterward. Food coma hit me instantly.

Given there’s nobody to talk to at 4am, I decided to finally write a long and detailed post about venture debt on Financial Samurai. It’s a new investment category I’ve allocated a good chunk of change towards, and I wanted to make sure I fully understood what I was investing in and share the investment with my community.

The post is 2,300 words long and took about 2.5 hours to write. It has four charts as well. After editing the post I scheduled it for the next day and that was that.

Several days later I Googled “venture debt” to see if my article appears in the search results, and it does. BUT, the article is on page 5 of Google, which means nobody is ever going to read it. As I looked around the other articles about venture debt, I realized that I was competing with a investment fellowship organization and several other venture debt funds. That’s steep competition because those guys are experts in venture debt, whereas I’m simply an investor in a venture debt fund.

The quality of articles I’ve read on venture debt now that I’ve published my articles is very high, much higher than your typical blog post about investing, paying off debt, or what to buy your kids for the holidays. Lesson learned, if you are going to tackle a complicated topic, it’s probably best to do some research on what’s out there first.

That said, I do very little competitive research before I write about anything. The reason being that I don’t want to let competition stop me from writing what I want. Blogging is supposed to fun and free-flowing. Doing competitive analysis to try and figure out the likelihood of ranking for XYZ term is very soul-killing.  Read More

A Blog Is One Of The Greatest Small Businesses In The World

by in Lifestyle on Oct 20th, 2014

Anybody who says, “A blog is not a business” most certainly does not have a very lucrative blog. I firmly believe that having a blog is one of the greatest businesses in the world for a variety of reasons.

But before I get into why a blog is a terrific business, I want to first highlight what people think about when people refer to businesses. Here are some examples:

* A clothing store. Super low margin business due to rent, manpower, and cost of good sold.

* A barber shop. An unscalable business that is also low margin due to rent and manpower.

* An auto body shop. For the amount they charge to fix a dent, this should be a massively profitable business. But due to PP&E, rent, and labor costs, the business isn’t as lucrative as you might think. There are also health hazards to deal with due to the paint.

* A roofing company. A very low margin business that’s dangerous and labor intensive. Not scaleable and not sustainable on your own.

* A software business. A fantastic, high margin business that can produce recurring revenue through new releases.

* A drop shipping business online. A nice business that doesn’t hold inventory. Read More

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.

Read More

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

Read More

How To Make Money Quitting Your Job
  • 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 :)
  • Financial Samurai: Pick two or three things and stick with it Sydney!
  • Financial Samurai: Yes indeed. We get so focused on some things that we FORGET about all the other stuff we have!
  • Financial Samurai: Ahh, I’d LOVE to learn French! One of the most beautiful languages in the world. I loved my...
  • Financial Samurai: You’re doing a great job Steve. If we can build a good enough platform, we’re really...
  • Financial Samurai: No time like the present Maria. After all, you did win International Blog of The Year! :) One day,...
  • Financial Samurai: Haha, all the time! But only about 5 hours a day. I do like the afternoon 20 minute siestas...
  • Barbara Friedberg: Sam, I admit, although I’ve signed up for a few affiliate programs and written a few review...
  • Barbara Friedberg: HI Sam, You definitely have your plate full. But, you are absolutely correct that the opportunity...

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