Archive for October, 2009

Can I Make Money By Blogging?

Have you ever wanted to make money from home blogging? Or perhaps you run a blog, and you wish to monetize it? Here you will find out how some bloggers are making an absolute killing on their blogs.

Advertising
With a strong readership, your blog will get lots of impressions a day. You could monetize them by displaying Google Adsense or Text Link Ads on your blog.

Then there is also BlogAds – specifically tailored for blogs with a big ad network.

Affiliate Program
Another monetization strategy is to have offers from various affiliate networks (Azoogle, Hydra, Clickbooth, Clickbank, Commission Junction, Amazon, Shareasale – just to name a few) show up on your blog. There are tons of related offers that you can pick and choose to display on your blog, and you will get a commission for each lead or sale.

Reviews
If for example you run a blog focusing on Electronics, companies could send the item over to you for a paid review, and you could even get to keep the item after the review! You could also do reviews other websites, offers, services, that is not necessarily physical products. This can add up to quite a bit of income, since the going rate for reviews could be in the hundreds, depending on the product.

Donations
This may sound weird, but some bloggers make quite a chunk of change from having a small donation button on their blog. When readers like their free content, they simply make a small donation. Small amounts add up when you get huge volume.

Consulting
Once you have established yourself as an expert in a particular topic, people are bound to request for your services, which you can then charge in the form of consulting fees. This can range from the low thousands to 5-figures, depending on the type of service you provide for the client.

These are just some ideas for you to monetize your blog. If you have not started a blog yet and wish to learn more about blogging, visit ProBlogger’s site to read up on many great resources.

Motivation To Keep Going In Your Internet Business

stay motivated

Being an online entrepreneur myself, I know the importance of being and staying motivated. It allows you to focus on your end goal and take action – action which will inevitably lead you to your ultimate destination. Often an online marketer faces a ton of distraction which deters him from doing what needs to be done. You need to understand that repetition is the mother of skill – you just have to find something that works and stick to it, instead of jumping around and trying ‘the next big thing’.

Here are some motivation tips to keep you going:

1) Commit to daily personal development
Make it a point to read something everyday that will motivate and inspire you. This simple tip can have a great impact on your life and your business, as it changes your outlook in life and spurs you on to greater heights.

2) Have written goals placed in a visible location
Do you have clear defined goals with timelines? If not, get to doing one. A dream is a goal with a timeline – without a timeline, it is just a mere dream. Put some thought into this, and write down what you really want to achieve, why you want it, and how are you going to achieve it (the OPA method). Stick it somewhere that you can see everyday and review it regularly. You can include pictures of things you want to own, places you want to go, activities you want to do etc. Anything that will motivate you to work harder would do.

3) Find an accountability buddy
I read this concept from a mentor of mine, and it was called the “Inevitability Thinking”. People that have this sort of mindset, does things in a way that would make their success inevitable. For example, if I were an overweight male and my goal is to lose weight by running everyday, what I will do to request my friend to check in on me everyday. And for each time that I do not run, I will pay him a certain amount of money. This measure will ensure that it is more painful for me not to run and paying him the money, compared to just running daily. By doing this, my success (losing weight) is inevitable.

I hope these tips will help you out. Remember, make a conscious effort to motivate yourself daily, and your business will grow by leaps and bounds.

If you think your life is hard, let’s put things into perspective. Watch this video, and you’ll realize how blessed you actually are.

What is your OPA?

I’ve been listening to Anthony Robbin lately, and came across a great audio series. It is all about knowing your OPA – Outcome, Purpose and Action.

I was thinking about how this could be related to Internet Marketing in general, and I realized that this OPA model can be used in nearly ANY situation.

Outcome
Before you even thinks about making a living online, you needs to know your outcome, the ultimate goal, so that you will have something to work towards. If you don’t even know what your goal is, how will you measure your success? An example is that you could set a goal for yourself to earn $3,000/month by the end of Dec 09. Now that you know your Outcome, you need to ask yourself the next question.

Purpose
What is the REASON why you want to achieve your outcome? And it has to be specific – not vague stuff like “Because I want to make more money!” Everybody I know wants to make more money, but what are you going to do with that money? You have to know this, as it will motivate you to actually take the steps required to achieve it. If it is a new car you want, don’t be afraid to admit it. There is nothing wrong in always striving for material gain, but not at the expense of ethics and morals (of course). Your purpose should be something specific like “I want to earn $3,000/month by the end of Dec 09 so that I can have enough to pay for the bills and also invest $500/month into my children’s education trust fund.”

Only when your purpose is specific, than you have a real reason to go all out.

Action
Once you know your outcome and purpose, the next most obvious step is to know what actions is required to achieve them. However, I believe if you have a strong purpose and a well defined outcome, you will overcome any obstacles that come in your way. The WHY always come before the HOW.

When I started in Internet Marketing, I knew I wanted to generate a full-time living online as I wanted to provide for my family and I am sick and tired of being poor all my life. I didn’t know html, php, ftp, list building, SEO, PPC or anything about affiliate marketing at all. Over the years, I’ve read up plenty of resources and asked lots of questions to get to where I am today. Always remember that success comes only to those who take MASSIVE ACTION, and that success a matter of going from failure to failure without loss of enthusiasm.

Here are some great resources, forums and blogs that will help you if you are starting out. (p.s. No affiliate links, purely information :) ):
Free HTML Tutorials – You need to know some basics at least

Good Link Building Blog

SEOmoz Blog – Great SEO blog

SEO Book – Another useful SEO blog to read up

Great Affiliate Marketing Guide – contains a great compilation of posts

Hope the resources above will help you in your affiliate marketing journey. Let me know what you think!

Niche Marketing for Affiliate Success

Some people believe that they can only make sales by hardselling their products or services. This is a flawed view of marketing. Marketing is all about maximizing customer satisfaction. Marketing starts from the moment you get word of your offer out there. Regardless of whether we like it, marketing is here to stay. Everybody, whether you know it or not, is attempting to market something.

Niche marketing is becoming an emerging trend nowadays. A niche is a tightly defined market segment. Niche marketers do not waste their time selling their products to a big group of people. They find it easier to cater to this small group of prospects.

Lexus is an example. It produces a small quantity of vehicles annually. It makes its profit by selling these vehicles at a higher rate to an exclusive market segment. They channel all their efforts in providing for their niche market segment. There are dozens of other companies that focus on niches too.

The competition for niche marketing is also less. If you have already a stronghold in a market, it is hard for others to get in as well. It is also important that you have a unique offer to meet your customers meet. You might even have to tailor make it.

Before going all out in your niche market, you should always test your market first. One way is to launch your offer to a smaller group of people in the niche for a reduced price. You could also distribute it and ask for opinions. This ensures that you do not launch a ‘dud’ offer. This is also a preventive measure so you do not waste time on a market that is not profitable.

As niche marketers are trying to reach out to an niche market, focus has to be placed on creating the proper marketing message. One example is if a local drink manufactory company wants to promote its alcoholic drinks, it could distribute it at nightclubs.

Niche marketers also have to brand themselves. Branding is a powerful psychological tool that marketers often employ. Online niche market is simply marketing on the Internet. Online niche market focus on small segments of the web. They create websites to lure people with their offerings. It is relatively easy to create a niche empire online once you have gotten the right formula.