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Making Big Money In Weird Niche Markets

July 9th, 2008 | Comments Off | Posted in Blog Optimization, Blogging, Blogging Experiment, Motivation

Typically when I talk about making money online, I tell people to focus on the big, proven money making website ideas like health, wealth and relationships. Those markets are always in demand so it’s easier to make money in those markets.

BUT, every once in a while I come across a story of an entrepreneur who takes an unlikely idea and turns it into a huge money maker.

Here’s one of these examples I just came across…

As you know, gas prices are out of control right now. It’s a super hot topic that is on the news pretty much everyday. Most people sit around and complain about it because they think there is nothing they can do.

Here is one guy who is not complaining one bit!

Basically this guy found a way to run a car using WATER. It sounds crazy to me, but after watching the video on the middle of this page, it’s pretty impressive.

He says in the video that his car was about to drive about 100 miles or so on 4 OUNCES of water.

I’m not trying to start an argument over whether or not you can run your can on water or not. I don’t know anything about cars or how they work and I don’t see myself converting my car into a water burning machine anytime soon.

But it’s a great lesson of taking a huge problem in the world and coming up with a possible solution to the problem.

I’m sure this guy will make millions if not BILLIONS of dollars if this thing actually works.

Anytime it feels like everything is going wrong, the economy is crashing and the sky is falling, a few smart people always find a way to capitalize on the situation and become wealthy…

I wonder what other kinds of solutions we can come up with like this guy just did?

Information Sources for New Blog Content

July 3rd, 2008 | Comments Off | Posted in Blogging, Blogging Experiment

After you’ve picked your domain name, brand, bought hosting, and installed the blogging platform; the next step is to develop your content. However, you should be extremely careful in selecting which informational source you will choose. This is to ensure that your blog post will not only be timely, it will be accurate as well.

An essential tool you should have is a good RSS feed reader. It can be time consuming to look into multiple sites several times each day for fresh content. So the most convenient way is to pull all these content into one location: your feed reader. Whenever possible, you should make it a point to subscribe to an authority site’s feed reader. Below are the sites you can look into for information:

  1. Blogs within the same category – you can find interesting news from other blogs in your niche. This includes news blogs and even non-news blogs.
  2. Online Magazines and Newspapers – this resource can provide a lot of information on your chosen category. It is also a good complement for social news websites and blogs which can overlook important pieces of news.
  3. Trade Publications and Academic Journals – you can highlight published reports and new findings on your blog. This will make your blog stand out from the rest of the web clutter. Take note thought that some publications requires a paid subscription before you can access its content.
  4. Press Release – you need to accumulate media contacts especially if you are just starting out as a blogger. Tell web services and e-mail companies that you are open to receiving press releases through e-mail. You should also make it a point to monitor Press Release websites such as PRWeb.
  5. Meme Trackers – these are basically websites that categorize blog posts according to their topic using an automatic algorithm. It will give you an overview of popular topics of a niche industry at the particular moment. Some sites you may want to look into include Technorati, Megite, and Techmeme among others.

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Take Blog Promotion Offline!

June 9th, 2008 | Comments Off | Posted in Blogging, Blogging Experiment

When people hear about blog promotion, they immediately think of SEO techniques, link building, and other online promotional efforts. It certainly makes sense to promote your blog using these methods but conducting some offline promotional efforts is also worth considering.

A few years ago, it was not that difficult to get a high SERP ranking because there is only a limited number of people who blog about certain niches. In fact, “niche” probably became popular because only a few people actually write about their expertise. But nowadays, these seemingly niche topics are no longer “niche” in its true definition.

A lot of bloggers are exploring ways to make money online and they are discovering that it can be profitable to write about specialty topics even if they don’t necessarily have the expertise for it. But these bloggers know how to use optimization techniques so they achieve a high ranking and people inevitably visit their blogs. You will discover that your promotional techniques are no longer as effective as before because there are many people using the same techniques. So what can you do to get a competitive edge? Try to go offline.

Trying out offline blog promotion will result to better exposure and you will get a higher number of contacts. In addition, most people have the tendency to associate e-commerce sites that are being promoted online as being more credible than those that promote exclusively online; the same can be true for blogs. So how exactly can you effectively promote your blog offline? Well, below are some tips:

  1. Attend Blogging Conventions – most popular bloggers attend blogging conventions in their area; this activity has a purpose. You will establish a lot of contacts within the blogging community and you will get a lot of potential readers. In addition, you can learn a lot from other bloggers as well.
  2. Give out promotional items – whether it is a mug, a shirt, or even bumper sticker, make sure to give out some promotional items. This should include your blog URL with the description or motto of your blog.
  3. Sponsor Events - Depending on the topic of your blog, there will often be events or meetings that you can sponsor. Shoemoney recently mentioned this type of promotion as a method he has used for his newest project, fighters.com.
  4. Meetup with other bloggers – Often, members of popular forums, social networks, or blogs will organize “meetups” wherein the members can physically meet each other, allowing personal interaction among people that up until that point had just been another online personality. I would highly suggest trying to attend these events. Not only will you meet other bloggers or like minded individuals (who can be good for the occasional link or two from their sites), you’ll also be able to exchange ideas or even act as an informal Mastermind Group.

Content is No Longer Enough

June 6th, 2008 | Comments Off | Posted in Blogging, Blogging Experiment

The saying that “Content is King” has been passed around online for as long as I can remember. But the simple truth of the matter is that in this day and age, good blog content just isn’t enough. You need to use effective optimization and promotion techniques in order to attract a large number of readers. To that end, here are 4 practical tips that tell you how to drive traffic to your site and how you can retain reader loyalty once they visited your blog:

Create Title Tags for Two Audiences –

You need to write title tags for people who visit your page or those who have subscription to your feed. Title tags should be short, on-topic, and catch the reader’s attention. But you should also consider writing title tags for search engines because this can help direct traffic to your blog. You can use Wordtracker, KeywordDiscovery, or Overture to identify certain phrasings that are popular among searchers.

Participate in Blogs and Forums –

This may seem like an obvious thing to do but a lot of bloggers fail to continually implement this strategy usually because they are too busy with other things. It is important for you to realize that online communities can be a great help in online promotion.

Launch your Site with Disabled Comments –

When you first introduce your blog, you should expect that most of your posts will have 0 comments. That is not a problem in itself but the issue is that readers will think that your blog is unpopular and empty when no one’s commenting on it. So if you don’t have enough RSS feed subscribers or if you don’t have large enough number of visitors per day, consider disabling comments until later. Obviously there’s a bit of a trade off in the lost comments, but it will also look like you don’t have comments not because your blog is a ghost town (see rule #6 from the 10 Mistakes that Will Kill Your Blog) but because you simply don’t allow them. I wouldn’t suggest using this tactic for too long, you risk killing off any sense of community, but it can be quite effective in the early going.

Don’t Immediately Join the Bandwagon –

Or, as Max says, Stop Playing Follow the Leader. Sometimes, there are certain industry news that almost every blogger seem to talk about. But don’t immediately jump into the bandwagon especially if your blog is not established in its niche yet. A good alternative would be providing blog readers with content that is unique, informative, and unavailable elsewhere. I know I’ve beaten this point into the ground here, but I really can not emphasize this enough. BE UNIQUE!

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Know Your Role: Finding your Blog’s Persona

April 25th, 2008 | Comments Off | Posted in Blogging, Reader Discussion

Very often when you first start blogging, people will tell you that you need to find your voice. They’re of course talking about your style of writing and the personality you want to portray but I’ve recently been thinking quite a bit about the different rolls or persona’s bloggers use. Obviously every blogger has their own style and I certainly think it’s important to find your “voice”, but I think deciding on, or finding your blog’s persona is just as critical and often will help you discover the voice of your blog.

You may have noticed I said the voice of your blog, not your voice. When you first begin blogging most of the information out there makes it seem like you have this inner voice that once you discover it will begin spewing forth great blog posts. Once you’ve been at it a while, you begin to realize that’s not quite how it works. However, as I said earlier, finding your blogging persona will often make it much easier to establish your writing style, and even that elusive “voice”.

So what do I mean by persona? It’s a bit like a role in a play. You are assigned to play a certain character and that role carries with it certain qualities and characteristics. Is the character arrogant, are they shy, are they confident, do they feel trapped, etc etc. In much the same way, your blog needs to establish a role for itself in the eyes of the audience, and then fill said role. Many times this role will help your audience relate to you and may explain why they should listen to what you have to say. What’s great about blogging is that unlike a play or a movie, you get to choose what your role will be. The list you have to choose from is really only limited by your imagination but here are 5 of the most common roles or persona’s in blogging.

The Researcher

As the name suggests, this person has found their expertise through hours and hours of endless research. They’ve left no stone un-turned and no book on their topic un-read. A great example of this persona in the SEO industry would be Bill Slawski of SEO by the Sea. Bill has spent who knows how many hours and days learning about how search engines work, studying research papers, and pouring over patent filings. His posts are often quite lengthy and discuss the topic in great depth and detail.

Obviously this is a single example but the characteristics of the persona are the same across any niche. If your blog were about your favorite sport the Researcher persona would analyze as many statistics as he or she could get their hands on. They’d compare players’ performances against the games all time greats and be able to tell you the difference in success rate of a field goal from 45 yards out vs 47 yards away. If your blog is about parenting, you’d be well versed in all the child psychology books and discuss parenting theory.

The examples are endless but I think you’re probably getting the point. The Researcher is aiming to be the most knowledgeable person in the industry and their posts are often cited as the authority on a subject.

The Consumer Advocate

Another very popular persona is that of the Consumer Advocate (CA). Once again, as the name suggests, the CA is constantly looking out for the “regular guys” of the industry. The CA might very well be an authority or an “A-lister” but their main purpose and driving ambition is to make sure the “little guy” is provided the best information, and never taken advantage of. When a new product comes out, the Consumer Advocate will test it out and provide a fair and balanced review. If someone tries to take advantage of their customers, the CA will be the first one going to bat for the person who was wronged. The Consumer Advocate acts almost like a shepherd or teacher, and will jealously protect their flock.

Using the persona of the Consumer Advocate is very attractive because they often garner their readers trust very quickly and are then held in very high esteem. However, you have to truly have the consumers’ best interest at heart or a simple mistake could lead to a “fall from grace” and the loss of that carefully built trust. Whether this is the persona Max will be using for this blog, his recent post about the new test business contained language that was very indicative of a Consumer Advocate.

You’ll notice I don’t promote a bunch of affiliate offers on this site. In fact I haven’t promoted any affiliate products since I took over this blog. The reason for this is, I will never promote a product or service unless I fully test it first, AND am able to get the results the product says I will get.

With just a few sentences, Max has established a level of trust and built in accountability with his readers and that’s exactly what the Consumer Advocate seeks.

The Contrarian

The dictionary defines a Contrarian as:

someone who frequently takes a contrary or opposing position or attitude

Quite simply, the Contrarian disagrees with most conventional wisdom in the industry or niche. If most people tell you one thing, the Contrarian will probably tell you the opposite. A great example of this persona within the make money online niche, would be Vic from BloggerUnleashed. While his language and style is often very harsh and rarely safe for work, believe it or not he’s fulfilling a role or persona within the niche. He argues that the biggest names in the industry, Darren Rowse, John Chow, Shoemoney, etc are scammers and simply taking advantage of the masses.

This persona has several benefits, not the least of which is that controversy and negative press will almost constantly follow you (which, as I’ve discussed before is rarely a bad thing). By being willing to take on the big dogs of your particular niche, you immediately establish a fearless and relentless reputation. Also, by so tirelessly defending or arguing your position, you’ll often convert people that agree with you into incredibly loyal followers.

This persona also capitalizes on the 80/20 rule. The rule, as I’m sure you know states that 80% of the results or successes are generated by 20% of the people. By extension, that leaves only 20% of the results for the rest of the 80% which often times will leave people disappointed, disillusioned, and possibly frustrated. By attacking the commonly held beliefs and conventional wisdom, you’re essentially telling the 80% that don’t produce that it’s in fact, not their fault.

The Braggart

The Braggart is another persona that many people will have some negative feelings towards. Quite simply, the Braggart boasts and brags about how great they are. They’re amazing, just ask them, they’ll tell you… and because they’re so great, you should follow them and listen to what they say. The most obvious example of this persona would be the Rich Jerk. While I haven’t heard much from the Jerk in a while, I’m sure all of us remember being told that he was better than us because he was rich. Or was it he was rich because he was better than us? In any case, the point remains, the Braggart blows their own horn about their accomplishments.

While this persona may not seem successful, the fact of the matter is that people want to follow winners. The New York Yankees have the biggest fan base in baseball not just because they’re from New York, but because they have won more than any other team. John Chow (which I would say is another good example of this persona) is constantly criticized by bloggers (including myself) for not providing value, but as his subscription and income numbers illustrate, people don’t much care. The key to being able to pull this persona off is having something impressive to brag about and of course being able to give yourself multiple pats on the back.

The Newbie

And last but not least, we have the Newbie persona. This persona is probably the easiest to use and in fact, is what I used when writing this blog. The concept is simple, you’re entering a niche or an industry without much knowledge but you want to share what you learn with others along the way. As I said, this is the easiest to use because you don’t have to have any prior knowledge on the subject and you can flip any mistakes you make into lessons for others that are following you. By being new and admitting your lack of knowledge, you give your audience something they can relate to and will often endear yourself to your readers who want you to succeed.

This persona does have a couple of downsides, however. First and foremost, it’s been used, especially in the make money online niche, by many many people. Also, by openly stating that you’re a Newbie, it can be difficult to establish yourself as an authority as you grow.

While you certainly don’t have to pick one of these 5 persona’s (or only one for that matter), these are the most common roles I see bloggers using. Once you establish what persona you’d like your blog to have, that will often guide your content and help your audience to know what to expect from you. While finding your writing voice is important, I’d argue that your voice, your content, and your audience will all be determined by the persona(s) you choose for your blog.

What persona(s) do you use for your blog? Do you have other persona’s you’d like to add to the list? Which do you think is more important to “find”, your voice, or your persona? I look forward to reading your thoughts in the comments below.

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