By Topics
Overall:
0. About (10)
1. My Progress (139)
2. Car & Home (107)
3. Credit (138)
4. Banking (33)
5. Saving (49)
6. Investing (308)
7. Taxes (89)
8. Spending (74)
9. Misc (97)
A. Archive (49)
MONTHLY ARCHIVE
Feb 2014 (3)
Jan 2014 (6)
Jan 2012 (1)
Apr 2011 (1)
Mar 2011 (1)
Feb 2011 (1)
Jan 2011 (1)
Dec 2010 (1)
Oct 2010 (1)
Sep 2010 (1)
Aug 2010 (1)
Jul 2010 (1)
Jun 2010 (1)
May 2010 (1)
Apr 2010 (1)
Mar 2010 (6)
Feb 2010 (2)
Jan 2010 (7)
Dec 2009 (3)
Feb 2009 (4)
Jan 2009 (8)
Dec 2008 (1)
Jun 2008 (2)
May 2008 (2)
Apr 2008 (5)
Feb 2008 (3)
Jan 2008 (15)
Dec 2007 (32)
Nov 2007 (6)
Oct 2007 (8)
Sep 2007 (9)
Aug 2007 (24)
Jul 2007 (2)
Jun 2007 (1)
May 2007 (3)
Apr 2007 (4)
Mar 2007 (4)
Feb 2007 (13)
Jan 2007 (6)
Dec 2006 (3)
Nov 2006 (7)
Oct 2006 (7)
Sep 2006 (6)
Aug 2006 (4)
Jul 2006 (10)
Jun 2006 (1)
May 2006 (3)
Apr 2006 (2)
Mar 2006 (6)
Feb 2006 (6)
Jan 2006 (3)
Dec 2005 (1)
Nov 2005 (9)
Oct 2005 (8)
Sep 2005 (13)
Aug 2005 (25)
Jul 2005 (16)
Jun 2005 (17)
May 2005 (19)
Apr 2005 (20)
Mar 2005 (24)
Feb 2005 (23)
Jan 2005 (36)
Dec 2004 (40)
Nov 2004 (34)
Oct 2004 (17)
Sep 2004 (21)
Aug 2004 (59)
Jul 2004 (37)
Jun 2004 (31)
May 2004 (29)
Apr 2004 (52)
Mar 2004 (49)
Feb 2004 (49)
Jan 2004 (31)
Dec 2003 (48)
Nov 2003 (52)
Oct 2003 (29)
Sep 2003 (8)
Aug 2003 (5)
Jul 2003 (2)
Jun 2003 (2)
May 2003 (5)
Apr 2003 (2)
Mar 2003 (2)
Feb 2003 (3)
Jan 2003 (29)
|
|
|
Contributed by mm | October 20, 2006 8:50 AM PST
Darren Rowse coined the term "six figure blogging" to refer to those bloggers who make six-figure annual income from blogging. I am not there yet, but I achieved an important milestone of blogging this week by claiming the 100,000th dollar from blogging income. I have to admit it is very surreal -- when I started PFBlog back in January 2003, our family net worth was barely over $80,000. For many years, I only treated the blog as a personal record of wealth accumulation, and I never imagined one day the blog itself will become a meaningful source of wealth accumulation.
Aside from the boringly thorough documentary of our family finance over the years and the invaluable interaction I have with all the readers who consistently hold me accountable for better content, the money generation process itself is a huge source of satisfaction for me. Especially, I have been able to practice many skills I learned from running business in a big company to my small boutique site:
- Marketing: Many good initiatives of how to expand the audience and how to reach for potential advertisers.
- Pricing: All pricing tactics taught in the pricing class have been used: tiered pricing model, price discrimination, pricing psychology, effective price hike, etc.
- Negotiation: Some good experience of how to create a better proposal and cut a win-win deal.
- Merchandising: Many good tries to maximize shelf space and optimize value.
- CRM: Believe it or not, I rely on a home-made CRM solution on top of Microsoft Access to analyze my results and support the billing, renewal and upselling of my advertising inventory.
I am also able to refresh my best memories as a Computer Science college student and enterprise network administrator early in my career by putting my computer skills to good use. I have never been more knowledgeable on LINUX operation, HTML authoring and SEO.
All in all, blogging is the dream second job that I can never beg for more. I fully enjoy the marriage of my never-ending curiosity of personal finance knowledge with my business skills and computer know-how. Will I retire early? Maybe. But will I stop blogging once I hit my net worth goal? Most probably not. More and more, I can envision how blogging will play a very important part of my life in the next decade.
Readers and fellow bloggers: thank you for your patronage over the years! I'm committed to keeping making progress in this personal finance journey, and delivering more quality content. Please keep coming back!
More PFBlog Articles You Might Find Interesting ...
|
Congratulations, mm! That is an amazing accomplishment.
Wow - that is amazing. Thank you for blazing the trail and staying the course! I am amazed at how much blogging has helped me in my financial life. I can't pretend to be even a fraction as successful as you, however I think I can understand your feeling of accomplishment. I look forward to reading you in the decade ahead!
Great job!
You look like you are well on your way to your goal.
As in over $100,000? a year? from a blog?
I really like some of these blogs, like yours,
but forgive me for asking, "what for?" I apologize
once again, I'm not suggesting you shouldn't, but
I'm floored. For letting Google put occasionally
questionable ads in? Well, I DO think personal
finance blogs are a good thing, and I hope there are
always a lot of them out there, but I guess I
don't have to worry about the genre disappearing
anytime soon, LoL.
Congratulations!!! really impresive.
Harm, I'm not sure I understand your comment...
"What for?" mm has been demonstrating various disciplined ways of reaching his financial goals, and I'm sure that his blog is one of the ways that he keeps himself accountable for these goals since many readers frequently check in. Personally, it has given me more motivation to personally track my finances and net worth with more detail. Along the way, he brings light to different issues and ideas that readers like myself take into consideration and perhaps take advantage of the advice to increase our personal financial net worth.
Making his 100,000th dollar from his published journey? Instead of "what for," your question should be "why not?" mm deserves to be compensated for the time and efforts that he puts forth to maintain the Web site and publish money saving and wealth accumulation ideas, along with other relevant topics.
Advertisements and other revenues generated from the blog site are simply more examples of mm's determination to do exactly what he has set out to do: accumulate wealth to become financially independent. Why do companies pay for advertising on mm's site? Well, because many people (including you) come across his blog and read articles and post comments.
So Harm, if you have an idea of how we (pfblog readers) can earn an additional $100,000 in part-time, self-employment income for simply sharing our personal story without "questionable ads from Google" as you call them, then by all means please share... If not, I'm sure Web sites like pfblog, CNNMoney, SmartMoney, and Bankrate will continue to exist and generate income for the writers.
Congratulations to you on this success. $100,000 is a lot of coin. It is not too hard to make some money from blogging, the trick is making the big money as you are doing. People often talk about part-time blogging, but I am sure you are putting in a lot of hours on your blogs to earn that money. It is not easy. Thank you for your excellent sites!
pab, in no way am I suggesting that any blogger
who makes a profit from said blog doesn't deserve
to, just surprise that advertisers consider there
to be enough eyeballs on the page to justify
paying that price. Again, I'm happy that the blogs
are there and making a profit, 'cause I and the
other readers benefit. I did take a bit of a jab at
Google, yes. Have you LOOKED at some of these ads?
Most are legit, but some are surprising to find
on blogs that promote financial awareness....
Pump and dump schemes, extreme risk investments
posing as CDs, and get-rich-quick deals. I can't
imaging letting some of those ads on a blog I'd
run.....
Wow! I figured you were doing ok, but I had no idea you were making that kind of cash. How many hits do you get each day?
Looks like you sold out to bunch of sponsors with no credibility nor decent product (featured sites...) Don't you feel responsible if readers end up getting screwed by one of these sites?
Lao Tzu, it is not uncommon for every USA Today paper to contain cheap land sales in Arizona and every NY Times to include envelope stuffing jobs. That's where the editorial independence ends.
Congratulations! I'm always happy to see people make money off of blogging. It's the free market at work! I hope to make some money off my blog some day to pay off my crippling student loans. Thanks for the inspiration.
advertising isn't about helping people first, its about making money!
Congrats! That reminds me of old saying hard work and a more of hard work.
Congrats. Keep up the good work!
Congrats on your success with blogging. I have experience with other businesses online; however, I never got into blogging. I guess the best job is one that doesn't feel like one. Congrats Again.
|
Read More ... 139 Posts In The Same Category
|
This page was last rebuilt at January 27, 2014 07:37 AM PST.
|
|
RSS FEED
PERSONAL FINANCE BLOGS I READ
Consumerism Commentary
Get Rich Slowly
My Money Blog
All Financial Matters
The Simple Dollar
|