My apologies to any readers who were dilligently following this blog. I have been a bit side-tracked (in a good way!) over the summer. It is simply amazing how time becomes such a premium when trying to make money online. I have an entrepreneurial mindset which often means I end up starting more projects then I can adequately handle. The trick is to put enough concentrated effort into enough of my projects to start seeing some results. That has been the battle this summer, between summer vacations and errands that need to get done. I am sure many of us struggle with this. It is clear to me that time management and focusing my energy is fast becoming a top priority going into this Fall. In any case, that is my round about way of saying "sorry" for not keeping up to date posting here on Goldrush.
Content Writing Online
Initially, I was attracted to the concept of earning money online by way of content writing for sites such as Infobarrel.com, bukisa.com, and wizzley.com, but so far these efforts have taken somewhat of a back seat. My initial project of tracking earnings on a monthly basis is temporarily on hiatus while I struggle to get my monthly income from any one of these sites above the $5 dollar range. From now on, I will only be tracking monthly income that is over that limit, although I will continue to update readers on where I am focusing most of my efforts. I will continue to write for Hubpages.com and Squidoo.com as a means to build backlinks for my other projects and/or if I find a dominating niche to write on.
Niche Website Building
After becoming more engaged in the online money making experience, I was drawn to the concept of niche website building through a handy tool called Market Samurai which helps take the guess-work out of keyword research. I currently have one site up and running on autopilot that is averaging over $1 a month in Adsense earnings. Not great, I know, but that is with minimal link-building and marketing of the site. Another site is up and running, but not yet fully loaded with content. Still another is set up on Wordpress and hostgator, but without any content what so ever. It is difficult to handle building more than one site at a time, but hopefully now that my first project is up and running, I can turn my attention to building up the other sites. I like to do this in phases by batches of three. One site fully set up in traffic generation phase, one site set up in content generation phase, and one in the early process of appearance optimizing and layout editing. I try to keep a few "ideas", i.e. domain names and keywords, in the "pipeline" ready to go as soon as I get the first site up and running to a point I am comfortable leaving it on auto-pilot.
Old Fashioned Blogging
And, of course, we can't forget about blogging. I have many creative ideas for blogs. Oftentimes these ideas are even a forerunner to a niche site or a larger project of some kind. What is great about using Blogger is that I can test out ideas and start blogs with no financial investment! Later, when I have the time, resources, and have done the market research, I can simply import the Blogger content to a paid Wordpress blog. Alternatively, I can use my Blogger blogs to link to niche websites I am working on or other relevant blogs. The challenge - as always - is to find time in the week to keep the cylinders rolling on all of my blogs and projects.
Ecommerce
I have always used sites like ebay.com and amazon.com to sell old items around the house or great finds at local tagsales. During my college years, I also was able to pull in $100 a month from a small used online bookselling business. My inventory was mainly sourced from selling my friends textbooks online and the occassional church booksale, but beyond that I never really grew the business. Time permitting, I would absolutely love to expand this business and increase my inventory, but it is important to keep in mind that physical books are on their way out and digital media is the way of the future. More importantly, I have been researching various wholesale business opportunities that I can use to supply my amazon.com and ebay.com seller accounts. I have even gone so far as to register with the IRS for my business Tax I.D. So far I am struggling with the costs and benefits of dropshipping versus buying wholesale in bulk and storing at a physical location. This is something I would like to report on this site as I progress. Hopefully, I can help other aspiring e-entrepreneurs realize their potential by seeing my trials, errors, and successes.
Miscellaneous Money Making
One thing to always keep in mind - and something I try and remember daily - is that while the internet is a wonderful means to creating a great income, it should be incorporated into other ways of earning money. With that in mind, I have stepped up my game recently doing stock market investing for passive income and long term wealth creation. I recently transferred a blog from Blogger to Wordpress that deals with my stock market analysis, stock picks, and portfolio building. It is call The Value Digger Investor and is exactly the kind of idea that can bridge the gap between the online world and real world economics. Thus, I think I will be tracking any important updates on these types of developments here on this blog, even if it might seem beyond the scope.
Anyway, that's it for now. Stay tuned for further updates!
No comments:
Post a Comment