Showing posts with label business model. Show all posts
Showing posts with label business model. Show all posts

Friday, November 12, 2010

My 5 Biggest Blogging Blunders

Do Over!Recently I posed an article about the 5 mistakes every blogger will make at some point.

For the most part, they were all fairly minor mistakes, in part because they are so common, but they are all also mistakes that one’s handling of could prove far more damaging than the error itself.

Still, I wouldn’t call any of them fatal or even blog-changing errors, just trials that every blogger has to go through at some point. But that raises the question, what are some of the bigger mistakes one can make?

I can’t speak for everyone, but I know that I’ve made my share and some were quite costly. So, in an effort to help warn others, especially new bloggers, of the pitfalls that loom, here are my top five blogging blunders since I started about six years ago.

5. Not Focusing on Titles

When I first started blogging, I didn’t focus very heavily on the titles of my post and often wrote them as an afterthought. That unfortunately came back to haunt me as I learned quickly that not only are titles the most commonly read part of a post, but the only part many people read.

My very first social media exposure was a very hostile Slashdot based not upon what was in the post, but what was said in the title, which was much more divisive (albeit accidentally).

After a day of having my site shuttered by an angry mob and dozens of letters accusing me of things I did not say or mean, I realized I needed to spend more time with titles and give them considerably more attention.

4. Hosting is Important Too

Speaking of that incident, it also showed me that hosting is incredibly important for a site, not only affecting your site’s speed but also it’s ability to take a hit from a traffic spike.

Though cheap shared hosting accounts might be fine for some sites, if you want it to grow you need to invest in your hosting and get a VPS or a dedicated server as soon as you are ready.

Otherwise, you will likely find yourself as I did, with a ton of social media traffic coming to your site and nothing there to greet them, the biggest waste of marketing effort imaginable.

3. Poor Business Model Choice

Early in my site’s history, I explored a variety of advertising schemes to try and earn at leaset a little bit of money from the site. However, even when the traffic was there, the CTR was low and the keywords were terrible, making it so that I was earning only pennies per (rare) click.

The experiments, as limited as they were, didn’t go over well with my audience either and never generated more than a few dollars per month in revenue. I eventually abandoned them and realized that the most valuable thing I could offer is my expertise. Slowly, I began dipping my toe into consulting, the approach I still take today.

It’s important to be realistic about what’s valuable on your site and how you can best earn money from that, I lost at least a year of good revenue generation with the site because I kept trying plans that were never going to work.

2. Not Listening to Reader Suggestions

In the early days of Plagiarism Today, i had a very specific picture of what I wanted the site to be like and the topics I wanted to cover. As I began to build readers, they requested I talk about different issues or add features to the site, such as a stock letters section. I ignored them initially because of a combination of bad advice and the fact it didn’t mesh with my vision of the site.

However, eventually I realized I was being too limiting and decided to see if I could make it work. After branching out a little bit, following my reader’s suggestions, I found that the site began to grow very rapidly, exceeding my expectations.

Still, I wonder how much larger it would be today if I had started out with the right mindset and listened to at least some of the better ideas my readers had, even if they were against my personal vision.

1. Picking a Bad Domain

I admit it openly, “Plagiarism Today” is a bad domain. Hard to spell, hard to say, too long and too specific (see above). It was a terrible choice for the site and one I regret. However, after over five years, it’s the one I’m stuck with too. That’s the reason I put it at the top (or bottom) of my list.

Changing it now would probably be more work and more drawback than its worth, but it was a lesson learned nonetheless. I jumped on “Copybyte” for my consulting firm and have been much more careful about domains since then.

In the meantime though, I get to spell the domain for everyone I give it to, even those who know how to spell “plagiarism” don’t trust themselves to do so when writing it down.

Bottom Line

Obviously, I’ve made a lot more mistakes than this but these are some of the errors I consider to be the most damaging and the ones others would be best served to avoid.

Fortunately, all of the above errors can be easily dodged if one is looking out for them, which is exactly why I post this list.

After all, the goal of this post isn’t just self abuse, but rather, to help others not fall into the same traps I did and maybe not waste some of the time I did in my early years.

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Tuesday, November 9, 2010

15 Things I Wish I Knew When I Started Blogging

start bloggingI built my first blog back in 2005, and today a large part of my online income is generated from my blogs. Over these years I made many mistakes and figured some things out. Below you’ll find 15 of them.

1. The domain name matters

When I started blogging I didn’t pay much attention to the domains of my blogs. As a result I ended up with some long and boring domains (e.g., FutureTechWeb.com, which was my first tech blog). This is a big mistake because the domain is one of the few factors you won’t be able to change.

The rule of thumb I use these days is to look for domains with two words, branding potential and a .com extension. If I wanted to start a soccer blog, for instance, I would consider domains such as SoccerHub.com, SuperSoccer.com and so on. Most of the times I am also willing to spend some money on the domain (e.g., $200-$500), because finding available ones that fit the above requirements is tough.

2. Quality is more important than quantity

As you can guess by the name of this blog, I have always been a big fan of quantity when it comes to content creation. Over the years, however, my opinion has changed a bit.

I still believe that you need to update your blog regularly if you want it to be come popular, but quality should be your first priority. If you only have two hours to spend writing content every week, for example, I would recommend you to spend all the time writing a single, high quality post, instead of writing four small posts to be published on different days.

3. It is about the readers, and not about yourself

If you are blogging as a hobby, then writing about whatever you feel like is fine. If you are trying to build a popular blog and to eventually make money with it, however, you need to be more conscious about the type of content you’ll publish.

More specifically you need to understand that your content should be appealing and interesting to your readers above all, and not to yourself. It’s about them, and not about you.

4. Social media can be a waste of time, too

Social media certainly became a buzz word over the past years, and people seem to think that they need to have a presence and be active on every single social media site out there. I joined the bandwagon for a while, but then realized I was just wasting my time.

I am not saying social media is useless, but that you need to have the right approach to it, else you’ll just waste your time. For instance, instead of joining every single social network out there join one or two at most, where you think your target readers/customers hang out, and where you think you’ll be able to add value and build real relationships.

5. The Pareto principle applies to anything, blogging included

I have a degree in Economics, so I learned about the Pareto principle years ago. It basically states that for many events and things in life, 80% of the effects come from 20% of the causes. For example, 80% of the land in the world is owned by 20% of the people, and 80% of the revenues on most companies come from 20% of the customers.

After some years I realized that the Pareto principle also applies to blogging. This means that 80% of your results (e.g., traffic or revenue gains) will come from 20% of your blogging activities. What are these activities? Writing quality content and promoting that content. If you focus on these, the rest will come naturally.

6. You need a community around your blog

Apart from writing quality content and promoting that content, there is one more activity that is very important for your blog, and that is community building. It’s important because without a community your blog will not be a blog, but rather a website with some articles.

Your community will enrich your content (through comments and email feedback), keep you motivated, help to promote your blog by spreading the word and so on.

Practically speaking this means that you should engage your readers with your content (e.g., by using polls, surveys, asking questions and so on), and that you should interact with them as often as possible (e.g., via comments, email, Twitter and so on).

7. Having an email list is essential

When I started, around 5 years ago, I didn’t know what email marketing was. After two years or so I started joining the email list of other marketers, but until then I had not considered building my own.

It was a big mistake.

A responsive email list is one of the most valuable assets you can have. And mind you that you won’t be using it to spam people, but rather to deliver quality content that will solidify your relationship with your subscribers.

8. Giving away free stuff works like a charm

Over the years I have tried many types of promotions, from interviews to viral videos and linkbaits. One technique always seemed to work, though, and it was giving away free stuff.

I have given away WordPress themes, ebooks, plugins, and more recently my entire Internet marketing training program, and the results I got always exceeded my expectations. If I knew this back in the day I would have used it more often.

9. You need to think about the business model

If you want to make money with your blog, you need to start thinking about your business model right away. That is, you need to have an idea or a plan regarding how you’ll produce value, and how you are going to get paid for that.

Having this clear in your mind will help you craft your content, target the right readers, design your blog around your goals and so on.

10. Selling ads is not the best business model

When people start blogging they believe that the best, if not the only way to make money with it is by selling ads. This is not true.

Selling ads might be the easiest way to make money with a blog, but it’s definitely not the most profitable one.

On most niches selling your own product will be the most profitable model you can have, followed by selling other people’s products (i.e., affiliate marketing), so make sure to consider these at least.

11. Shared hosting sucks

When I started my first blogs I obviously went with a shared hosting plan, and since I couldn’t compare it with anything else I thought it was a decent option.

A couple of years later I moved to a dedicated server, and only then I realized how bad shared hosting plans are. The slow loading speeds, the downtimes, the security holes created by other users on your server….

I know we all must start on shared hosting, but as soon as your blog start making some money (e.g., $300 per month or so), consider investing half of that into a dedicated server.

12. Checking your stats daily is pointless

When you build your first website or blog you start checking your stats at least daily (some people go further and check them hourly….). Every new visitor is a joy, and a sign that you are doing something right.

The problem with this is that you are wasting time. Every minute you spending checking your stats is one fewer minute you have to work on actually get more visitors. On top of that daily fluctuations might give you the wrong idea of what is going on.

My advice would be to check your stats monthly.

13. It takes persistence

Everything happens really fast on the Internet, and when you start building your first websites you figure that they will sky rocket (both in terms of traffic and revenues) within a couple of months.

The reality is quite the opposite. While it’s possible, very few websites become popular or profitable before one or two years. If you want to play the game, therefore, come with the right expectations, else you’ll get frustrated and quit too soon.

14. Choosing the right niche is important

Choosing the right niche is critical if you want your blog to become popular and profitable. Sure, you should follow your passion (as you probably heard around…), but you should also make sure your niche is big enough to generate the kind of revenues you are aiming for.

Also remember that some niches will always be more profitable than others, regardless of their sizes. That is because people inside those niches actually buy stuff, so money circulates more freely.

15. Learning the technical part helps a lot

The Internet technology has advanced so much that today anyone can build a blog or website in 5 minutes, with no technical knowledge whatsoever. As long as you know how to read, you are good to go.

This is certainly a positive thing, as it democratizes the access to information and to publishing.

If you want to make a living online, however, it would be a good idea to spend some time learning the technical part. Start with HTML/CSS, and if you have time try learning JavaScript, PHP and MySQL.

Over to the Readers

What about you? What do you wish you knew when you started blogging?

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