Archive for November, 2008:
The truth about business start-up!
Few days ago,I have spent few hours analyzing my online business(es)!In the last few months this website was receiving a very low amount of traffic on a daily basis. But, now, I’m already receiving an average of 100 visitors per day. I did some analysis and realized that this website has a future. The content is unique, the idea of combining a personal finance blog with an internet marketing blog is unique! The idea of giving 50% of profits is great! I’m making less than 10 dollars per month with this blog,but when I start receiving some serious traffic, I’m sure this will change!
I have also analyzed my second website - ExitThis.com! I have started this website only two weeks ago, I have invested some money into advertising, but nothing happens. Why? The idea is not unique - there are thousands of free arcade and game cheats sites online. The only unique thing is that this is the first website where you play games to help people! I thought that people will love it,but they don’t! That’s the first problem - YOU MUST HAVE A UNIQUE IDEA!
You can always succeed with a website that is not unique, but you would then have to invest thousands of dollars into advertising. I was thinking for the last few days and I decided to close the website. But the domain is great, short and it’s easy to remember - It could be worth millions if I had unique website on it…But I don’t! So I was thinking and thinking and…Now I found the idea - It’s great and it’s unique! No one had ever made something like it!
But there is another problem. I will have to spend months and months developing the new website with all the features. So I was again thinking and thinking and thinking! But wait…Why don’t I spend that time developing this website, learning…I could save some cash for start-up during this time!
I will close ExitThis.com, develop the site, learn how to make new features and invest the saved money!I’m sure I will succeed then!
Great Article:What is Wrong With Social Media?
Social Media websites like Digg started off as a good idea. Kevin Rose was capable of finding better news than major media outlets, so he built Digg. The concept was that users could find and then collectively vote on which news, blogs or articles became the front page of Digg.
That’s how social media websites started. Then they started to grow and gain attention. More and more submissions came in. Internet marketers started paying attention, and now many marketers claim social media is a way to market websites. Based on this advice bloggers submit even more posts. Social media websites are bombarded with submissions. So many that it’s hard to keep up. It’s not the spam, it’s the volume.
In the beginning you were able to peruse all the submissions, and voting for the top stories was a fairly democratic process. The current volume makes it impossible for any users to view all the submissions. That has lead to a breakdown of the democratic system of voting.
Rather than read through volumes of submissions, users congeal into social networks. These are cliques within the social media websites where users have developed virtual relationships. The top users on the social media websites filter the submission volume by means of the virtual relationships. They read and vote for submissions from within the clique. This makes them top poster simply by the fact that the virtual relationship is quid pro quo. The members of the clique vote up the posts from the clique, knowing their submissions will reap similar rewards.
This is a well publicized strategy on social media websites. You are encouraged to build relationships, and then twitter your clique when you want them to vote for your new post.
Members of these social media cliques tend to professional marketers. These are people whose job is to spend on day on Digg, Sphinn or StumbleUpon. Live bloggers flourish on social media websites because their job is blog instantly from conferences. How does the average user with a day job compete with the professionals?
This is what causes some submissions to reach the top pages of social media websites. It’s no longer the best content. More often than not, mediocre or poor content reaches the top. Meanwhile, some of the best content is lost in shuffle, just as it used be to before the social media websites.
There are already problems arising with social media websites. Marketers have started offering votes on these websites for cash. One in particular paid users to vote for certain submissions, and simultaneously collected fees from the author. Social media websites reacted by locating the offending users and terminating their memberships. But the real question is if the social networks are less damaging? Instead of accepting cash for votes, the quid pro quo nature of the clique is trading services for services. Votes are the currency of choice, and I’ll vote for you if you vote for me. Is it hypocritical to support this trading of votes, but then terminate votes for cash?
Does the clique need to defend its status as the top posters? If every post suddenly got 50 diggs, sphinns or stumbles, wouldn’t the top posters also be lost in the volume? Are the top posters likely to be dismissive any new authors achieving success? I read discussions where the top posters take it upon themselves to report spam. Do they judge everything as spam, either consciously or subconsciously to protect their turf. If so what chance does new and unique content stand.
Is this the fault of social media websites? No, it’s more a result of being released to the masses. Should the social relationships be disbanded by the social media websites? I don’t think so because it is a means to filter the volume of submissions. What can be done? I don’t know, but I think social media is at its pinnacle. The next method that recognizes the quality content, no matter who the author is, will eventually replace it.
Are you over paying for your Adwords campaigns? Have you experienced any of the following problems using Google Adwords?
- High cost to maintain your Adwords campaign
- Poor quality score affecting your bids
- Low Click Through Rate for your ads
- Minimum bid for your keywords is too high
- Landing pages that don’t convert
There is a solution to all of these problems. Get your FREE copy of the Adwords Strategy Guide.
23rd July 2008 - Completed Tasks!
I have posted over 20 posts on three forums! Added some comments on a few blogs! Here are the stats for yesterday:
Traffic received: 69 unique visitors!
Money earned: $0
Google PR: 0
Google Links: -
Alexa Rank: 29671333
Alexa Links: -
Yahoo links: 65
Altavista Links:65
People have also submitted my site on StumbleUpon, so I received a lot of traffic from that site!
Tags: stumble upon traffic
What did i do yesterday?
I have added a link to my new website (www.exitthis.com) in my forum signatures on 3 forums. I have also posted 5 comments on 5 different blogs!
Traffic received: 16 unique visitors!
Money earned: $0
Google PR: -
Google Links: -
Alexa Rank: 29671333
Alexa Links: -
Yahoo links: 22
Altavista Links: 22
Tags: project updates
“Starting a website” and Important Announcement!
So, You have found a webhost with Fantastico? Great! You can now start building your website! How? Simply Login to your Cpanel and go to Fantastico Deluxe. You will see a menu on the left side! If you would like to start a blog-like website, you should install wordpress, but if you would like to build a portal website, you should install Joomla! I don’t want to spend time showing you how to work with these, because the installation can be made with a few clicks of your mouse and there is a huge collection of free ebooks and tutorials for Joomla and Wordpress. Just do a search for “free joomla tutorials” or “free wordpress tutorials” and you will find thousands of websites explaining how to work with these two!
I just started my next website at www.exitthis.com! This will be my primary source of income and I have to focus on building and promoting my new website, so I will only use this blog to make updates about my project: how much money did I make, how and where do I promote the new website, how many people visit my site etc.
You can always copy my techniques and apply them on your sites!
Loading ...