Seven Secrets to Making a Million Dollars

1. DON’T COMPETE. This rule is stated first because it is the GOLDEN RULE. Differentiate. Competition is a waste of time, money, and energy. Now, that does not mean if company X is making shoes you shouldn’t try making shoes. It means that if company X is making nice blue shoes you should try making nice green shoes. It’s really that simple. If you really like nice blue shoes, well at least be different by selling your nice blue shoes at half the price.

Your product or service MUST BE DIFFERENT if you expect anyone to notice it.

2. Keep reminding people about your product. Advertise.

3. Buy out a successful company.

4. Prioritize your life around your product or service. If you don’t, somebody else will - and they’ll get rich.

5. Produce quality. It might take longer and it might cost more, but you will find customers and they will become loyal.

6. Know your market. If you make nice blue shoes and someone starts making nice green ones that people start buying, change your process a bit to offer both blue and green shoes. That will put any green shoe startup out of business before they get too strong. Not having competitors is the best way to get rich.

7. If you blog about making money, make sure you are not repeating information that is abundantly available at sites that rank higher in search engines like Google, Yahoo, or Bing. Besides, if it is the same information, that’s violating the first rule of making a million dollars: DON’T COMPETE.

Back to Making More Money

After a hefty hiatus, I finally got around to launching four more blogs that link back to here. Reciprocal links to them are located at the bottom of the page in the footer, under Blogroll. It’s a pretty obscure place to put the links, but not unless you the reader are glued to every word I’ve written all the way to the bottom of every Pulitzer prize nominated page on this site.

Yes, yes, I know, it’s hard to believe that I finally got off my butt to test what effect multiple blog cross-linking will have on search result rankings in Google, Yahoo, and all the other really, really important search engines.

Anyway, look for future updates to find out how many billions of hits this latest effort earns me. So far, rounding to the nearest billion, it’s between 0 and 1.

Mentor Blogs

As a newbie struggling with nickel and dime revenue I’ve humbled myself to the realization that I am going to need one or more mentors on the subject of making money with a blog. “Walk with the wise, talk with the wise…” and that sort of thing.

I dove into my apprenticeship assiduously, discovering one good blog after another on the subject, collecting their links for weeks on end, until, as lack of planning would have it, I eventually found myself swamped. I had slipped into that twilight zone that golfers call “paralysis by analysis”.

To regain traction I had to prioritize. I decided on a short list of four of the very best. I defined best as the number of inbound links, the number of subscribers, and the transparency of their revenue generation, since ultimately the dollar proof had to be in the e-pudding. I then deleted every link on the subject, except the three below, which I’ve crowned my money making mentor blogs. I am confident that if I can’t make decent money blogging with their guidance, I simply can’t make money blogging, period.

I am reserving the last crown for one more worthy blog…

Making Money is Easy

Ok, I’m not making $1000/day already in less than two months of flogging a well flogged subject. A quick search with Google for “make money blogging” comes up with 1.2 million results, amongst the top 5 on the first page which I can assure you I will not be found. Yeah, I know, hard to believe.

So, why do I proclaim, “Making Money is Easy”? Well, I am not saying that making a lot of money is easy, at least not yet. What I’m saying is that the trickle of a nickel here and a quarter there shows that even a low effort, newbie blog such as this, with barely any content on the subject of monetizing blogs, nonetheless manages to attract one to two dozen visitors a day and generate some sort of revenue.

But how?

Compared to other well-established blogs on the subject, why anyone would bother following a link here, is a bit intriguing. Maybe the infomercial-sounding name, Turn Blogs Into Cash, might have something to do with it, who knows. Another possibility is the principle of non-competition. Maybe a link to here is the only one on some page somewhere out in the Internet, therefore without competition for attention on that page the link there has a 100% chance of picking up any potential traffic from it. A third possibility is that there might be other links on the same page, however none deal with the subject of making money with blogs, and in such an instance the principle of differentiation would be at work driving traffic here. A fourth scenario might be that with 1.5 billion people today combing the Internet at any given moment that random traffic is being gathered by my several dozen scattered URLs back to here by no more deliberate a process than the sheer statistical force of numeric attrition, or untargeted “web noise”, basically people poking around. My logs in fact indicate no traffic from any search engines yet, so that pretty well narrows it down to these explanations.

Now, the way I look at it is this. Even if the last explanation, theoretically the lowliest, least sophisticated, and most untargeted mode of driving revenue-generating traffic accounts for the revenue thus far, even that’s great! This information can be exploited. It means that simply continuing to regularly seed my URL 3 times a day, after a year or so, will generate about 100 times as many random sources of “web noise” visitors who would provide me with 100 times as much income. Clearly, I don’t need to get impatient and risk the costs of buying traffic or advertising, or expend the energy to come up with some brilliant new idea or gimmick, a “holy grail” pursuit that almost guarantees futile abandonment.

I believe Internet income is not a grandiose, complex, remote proposition reserved only for geniuses or lottery winners. It just requires combining a simple blog with ads and maintaining a steady, easy URL seeding effort, which is why I believe making money is easy.

So what if I don’t come up with the next million dollar idea or site. If three years from now I manage to only generate an extra $100 a day from this blog on top of whatever else I’m earning at the time, I could live with that.

Money Making Reality Check

In the last ten days I’ve earned 4 cents, all with AdultFriendFinder. On the other hand, my instinct tells me if I had spent $29.95 for “1,000,000 clicks!” and $39.95 for “Make $400 in 24 HRS!” type programs I would be $69.86 in the hole. The fact is getting traffic takes time, and not everyone who comes along is getting blown away by my blog money making experiment at this point in its progress. That’s fine.

I believe such adversity is a test of character, and the only question of character is “am I true to myself?” If I am, I will continue my journey, applying whatever effort is required to improve upon what I have accomplished so far, and be happy with that.

Adult Money Machine

I just earned my first $0.02 with 2 clicks on the AdultFriendFinder.com ad on the left. That’s encouraging. While it might not seem like a big deal, considering I joined their program only 3 days ago and the blog gets around 20 views a day, the ratio is respectable so far.

AdultFriendFinder.com - Adult Money Machine

1000 views a day would roughly translate into $1 every 3 days, or about $120 a year, which would cover my annual cost of hosting and domain registration.

So far, the monetization part of the blog money making equation seems pretty easy. The harder part of the equation is generating traffic.

If patience is not your strong suit, then blogging for money is great way to improve it.

Making Money with Multiple Blogs

Make Money with Multiple Blogs or Dig Ditches

Finally, a little relief from blogging.

Making money with multiple blogs might seem like more work, but on the other hand, it’s not exactly digging ditches.

I will spend the next week or so building 2 or 3 free blogs at Blogger on other subjects that I enjoy and create links back to this blog. I’ll place ads on these satellite blogs as well, since they also deserve a chance to monetize, but their primary purpose will be to provide links back here. The idea is that with more inbound links it will rank higher in search engine results, and that should draw more traffic.

Yes, I am manufacturing my own buzz. There is no law against that.

Making Money With Sex

money making theory: if chicks = clicks, then sex = cash
Theory: if chicks = clicks, then sex = cash.

No, I’m not refering to the world’s oldest profession. I’m refering to using adult ads to see how well they perform compared to non-adult ads. I’ll try out AdultFriendFinder.com, the juggernaut of adult Internet affiliate programs, maybe of all affiliate programs, period.

Does this make me an e-pimp?

More Blog Directories = More Traffic = More Money

Avangate.com - Generate e-sales
Avangate.com maintains a handy Top 50 list of directories for promoting your blog.

It seems like a sensible formula. Seeing traffic trickle in from my first few blog directories listings made me wonder why not just do a lot more of the same. It’s free promotion, and free is the operating principle behind my venture here.

To that end, I’ve come across an excellent list of the Top 50 Free Blog Directories, maintained by Avangate.com. It’ll take a few hours to work down the list, but I think it’s worth the effort and the price is right.

Just like in the Shawshank Redemption, blogging for money is about time and pressure…

Blog Directories

Wow! First Serbia, now Germany. I’m an international capitalist. I made another $0.23 from Adsense yesterday, thanks to a visitor from Deutschland. That’s what I love about the Internet. It never sleeps.

Meanwhile, in addition to leaving comments with my URL in them, I’m also building inbound links by submitting the site to blog directories.

So far, I’ve submitted to:

I also joined another affialiate ad network, WidgetBucks, so I should have plenty of ad options to choose from to keep me busy.