Wednesday, December 08, 2010

The Story of Investo Blog

Story of Investo Blog
As I mentioned before in the introduction, the earliest reason why I started this blog was not with the intention to make money online or work from home.

In the summer of 2007, one of my friends discussed with me the idea of making money online with a blog or a website. He also gave me examples of a couple of his other friends who make over 100 thousand dollars a year from their websites. However, they were full time into website management. This is one reason why I never took the idea seriously. After all, I have a full time job which I enjoy much more than I enjoy my online activities like blogging. So why should I even think in the direction of making money from home?

However around August 2007, i started a blog, just to keep track of my investments and money management. Ya, the purpose was simple - just blogging for its own sake, not for making money. Blogging in order to keep track of what I am doing with my money.

As weeks went by, i became attracted to the idea of having more an more blog visitors. I think it must be sometime in late August 2008, that i started thinking in directions of making money online from my blog. For the next two or maybe two and a half months, I spent aimlessly blogging without any concrete plan. My efforts did not give rise to the amount of blog traffic i thought i should have got. One of the reasons is that i did not follow some of the guidelines mentioned above about SEO and writing quality blog posts.

By November end, I applied for an Adsense Account. My Adsense application was immediately rejected (later on i found out that the main reason was that I my email address attached to this blog and the email address used for adsense application did not match). Fortunately I had a friend who agreed to let me use his adsense ads until i got mine. So early December was the beginning of my actual blogging income. The first three days did not see a single click on any of the ads I had put on my blog. Yes, not a single penny earned from my hundreds of blog impressions. The ads were simply not placed near the content or whatever. But after some experimenting with ad placements and learning a few things about adsense optimization, i had started making about $1 a day by the end of December. I remember mid-January was the time when my earnings more than tripled. The main reason is a revelation I had about the importance of some of the blogging tips I mentioned above. Then by mid-February, I got my own Adsense account and had started making over $15 per day. That in my opinion was a very rapid improvement. I attribute this entire growth to some of the quality article writing tips i have mentioned above. I have shared everything I know.

Currently I earn between $35 to $50 per day which is over $1000 per month. I hope this Make Money Online guide will help you in your goal of making money from your blog. If you do find some of the tips here actually useful, - share the tips with your own blog readers.

Top Myths of Making Money Online

Top Myths of Making Money Online
Let us have a closer look at what people search on google related to Money Making. I tried to compare the the volume for search in the past 12 months for the following queries in the category of Finance and Insurance using Google Insights :
  1. Free Money
  2. Fast Money
  3. Easy Money
  4. Make Money Online
World After MoneyThere you go. So many people looking to earn free money. They want to make money right now, as fast as they can.

Click on the above image to have a closer look at the image. The top most blue line is for searches related to Free Money. The Red line is for searches related to Fast Money. And the orange line below is for Easy Money. The barely visible green line at the rock bottom of the above image is what this post is all about "Make Money Online" especially by writing a blog.

Here are the top myths related to money making which I think you should avoid being a victim of.
  1. Myth: You can earn Money for Free, i.e. without working for it.
  2. Myth: It is easy to earn Money Fast. While this maybe true in some very rare accidental cases, it usually takes a lot of patience to start earning money either from online activities or otherwise. I would say you must be prepared for a waiting time of at least a couple of months in the case of making money with your blog.
  3. Myth: Bloggers usually earn a lot of Money. While this is true for a some bloggers, say around 10% of the bloggers, most of the bloggers struggle to make even $100 per month. This is because of a number of reasons which are discussed in this long post.
So if you are here for earning fast money, free money, easy money or quick money - I am sorry to disappoint you but this blog post is not for you. This is meant for serious people who are ready to invest time and patience for making a five figure yearly income. Later on maybe even six figure yearly income.

Blogging versus Freelance Writing part2

Make Money Freelancing
A freelancer makes money per assignment. Example $10 for writing a 500 word article, etc.
Make Money Blogging
The amount of money a blogger makes per article is not fixed. And you do not make money
immediately after you finish writing your blog post.
Make Money FreelancingYou can start making money as soon as you find a good freelance writing job
Make Money Blogging
It takes time to set up a blog, get decent traffic and learn about ways to monetize your blog successfully.
Make Money Freelancing
You stop making money as soon as you stop writing articles (naturally).
Make Money Blogging
You get ongoing revenue for articles you have written. Even if you go on a vacation for a week or two, you will keep getting money as long as your previous blog posts are there to attract blog traffic
Make Money Freelancing
Somebody else gets a share in the advertising money earned from your article.
Make Money Blogging
You get to keep 100% of the advertising income from your blog.
 you are planning to be a freelancer, it would be a good idea to channel some of your writing enthusiasm or energy into either developing your own blog or website. After all, one day you would like to write for yourself. Why get a freelancer job when you can employ yourself?
Blogging versus Freelance Writing Make Money FreelanceAs more and more people start using the internet more and more, there is tremendous amount of material to be written on the web. Not surprisingly there are several opportunities for good writers where they can make money online on a per writing assignment basis. These writing opportunities are sometimes called freelance writing jobs and the person who writes articles for others to make money is sometimes called a freelancer. Although you can make money online by freelancing as well as blogging, there are some marked differences, disadvantages and advantages of both which are summarized below.