The Fast Track to Write Blogs for Money – Part 3
I’m really digging my Fast Trac entrepreneurial course as it is helping me to refine my personal fast track to write blogs for money.
Class 1 focused on teaching entrepreneurs the importance of working ON the business, not just IN the business, and Class 2 focused on the importance of finding the right niche. Fast Trac Class 3 is where it all starts to come together with today’s topic: Setting Financial Goals. And as they say, THIS is where the rubber meets the road!
One benefit of this Fast Trac class is that we started running numbers for our businesses on the very first day. On Day 1, Course Leader Larry taught us the basics of calculating Revenue and Gross Margin, and gave us solo and group exercises to review the math. Then we each presented our numbers to the class.
While my original plan was good, if I was going to come up with a business strategy to make Larry’s suggested $100,000 or more in Year 3, I was going to have to think bigger.
I crunched more business numbers over the weekend, and decided that at my current rate of growth, I was nowhere near a trajectory to make $100,000 in three years without stepping something up. I came to class ready to set some new financial goals for my blog.
Now that I’m rocking and rolling with the affiliate marketing skills I’ve been learning with Pajama Affiliates, I’m taking my blog to the next level.
Starting a Blog for Money
So tomorrow, October 21, 2015 will mark my first month of starting a blog for money. I’ve been blogging for years, but thanks to the SEAP Program, I’m blogging at DatingRelating.com for the LOVE, and I’m also doing it for THE MONEY. And I’m good with that.
So while I had originally said that I wanted to replace my day job income of $45-70,000, Course Leader Larry requires that my business create numbers that reach $100,000. I like this idea a lot.
What’s that saying? If you shoot for, but miss, the stars, you’ll still hit the roof of the barn, or something like that? Anyway, wondering about how I would increase my revenue made me revisit a favorite business book, Getting Everything You Can From All You’ve Got by Jay Abraham, (one of my business mentors “from afar”). Jay includes this simple and elegant formula, and when I apply this formula to my blog, the ideas begin to flow:
There Are Only Three Ways to Increase Your Business
- Increase the number of clients
- Increase the average size of the sale per client
- Increase the number of times clients return and buy again.
Blogging for Money from Home
So in addition to my blogging for money from home, the idea popped in my head that finishing my own eBook would make the above formula even easier to execute. The book is about 95% completed, so why not?
Having my own eBook is one additional income stream right there, not to mention that other folks in the dating niche may want to be my affiliates, and share my book too.
While most lifestyle blogs are affiliate blogs that promote products and services by others, some lifestyle bloggers also offer eBooks, courses, and coaching/consulting packages. While I KNOW that I’ve no interest in becoming a love or life coach, I love to write, and I can write about love, dating, and relationships until the cows come home! 🙂
So it’s time to put this puppy to bed!
I started writing a dating/relationship book in January of this year. It wasn’t a New Year’s thing, as I had started outlining a book in November to publish on Amazon Kindle. BUT I was conflicted and stuck: Do I really want to write a book about dating? Do I REALLY want anyone to know my real name? Will writing a book about dating mess up my own love life?
When I approached her with my conundrum, Pajama Affiliates founder Robin Cockrell simply quoted Dr. Suess: “Those who matter, won’t mind. Those who mind, don’t matter” and I knew she was right.