Million Dollar Portfolio

If you are like me, you are always looking for a way to earn extra money as long as it’s legal and ethical. When I found this post by Jane May on her Daily Web Ideas blog, I was intrigued. To be honest my current job earns me more than $100 a day, but we can always use a little more cash for paying down debt and bills etc.

Her post is simple and straight forward, if a little vague. Earning $100 a day in advertising profits isn’t the easiest thing to do and I certainly haven’t done it yet. From what I can tell, it involves one main thing. Traffic.

Without traffic, you don’t get eyeballs looking at your site. Sometimes it can take hundreds if not thousands of eyeballs to get just a few clicks on ads and even that isn’t guaranteed. For affiliate programs like text-link-ads or ReviewMe, you definitely need traffic because how much you earn is solely determined by how many people are reading your blog.

The second thing you need is quality content. I read this all the time and it’s absolutely true. Quality content means writing clearly, concisely, making sure you spell check and last but not least have something interesting to say. It doesn’t mean every single post you make has to be mind blowing, but if in the middle of your post you find even yourself getting bored of it, how do you think your readers feel?

One of the tips I picked up from Darren Rowse at Problogger was to gather up all the blogs you read into one folder in your bookmarks. I use Firefox and open all the pages at once in separate tabs which allows me to quickly peruse the new posts in each of those blogs without too much extra time spent opening and closing windows. I definitely spend more time reading than I do writing which I think is also important because it exposes you to what others are doing out there.

So turning all this into profit isn’t easy. Jane says she does a lot of research before posting and I have heard this from other bloggers as well. People like Darren Rowse don’t just pick topics at random to post about. The posts are usually targeted at his audience in a specific way. John Chow writes about how to make money online as well as offering up free stuff for his readers which in turn produces traffic…which can lead to more clicks and more sales…and so on and so forth. In marketing we call this the “hook”. What is it that draws your readers to your site? How are you going to keep them on your site and when they leave, how are you going to get them to come back?

If you can bring readers in and keep bringing them in consistently you may be on the track to making $100 or more a day. For most people, that could mean giving up their day job. From there it’s a matter of fine tuning and tweaking until you turn that $100 into $300 a day. There’s no magic formula and I am not speaking from personal experience, but rather from reading the experiences of successful bloggers who have made it past either of these thresholds. It is possible, it just takes patience, research, more patience and continued work. It won’t happen overnight but if you keep at it, you are bound to be successful. After all, nobody every made it by quitting.

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Blow away your Google competition
Internet+12 months=Millionaire