Making Money With A Blog

There’s a lot of information out there about making money with a blog. And a lot of hype. For example, this article reports of blogs making $15,000 a month! Imagine that. There’s no doubt that you can make money from blogging. The blog your are reading does, in fact, make us money. 🙂 If you missed it, here’s a series of articles that we did on setting up a simple blog business.

However, I thought it is important to write something of a ‘reality check’ concerning making money with blogs, especially in Kenya.

So, you want to make money blogging? Welcome to the club! Thousands have gone before you and many have succeeded but the sad fact is that the overwhelming majority of bloggers make little money or, most likely, nothing at all. I’m not trying to discourage you, just telling you as it is 🙂

Many bloggers that I know of start off with the idea that they’ll make money from advertising. This is cool – thousands of blogs survive and thrive on this, especially with Google’s Adsense program. But, and it is a big but, the truth is that advertising may not be your best option. In fact, many of the blogs that fail were started with this general plan: Start a blog – write many cool and interesting and fun articles – get lots and lots of visitors over time – make money. This may very well fail in today’s internet. Why? Well, it is very difficult to make substantial amounts of money off advertising alone – especially with Google Adsense. Yes, Adsense is wonderful and it supports thousands and thousands of blogs to make money but it does not work unless you are getting large numbers of visitors to your site. If you don’t get at least a thousand visitors a day then Adsense will very much disappoint you. That’s the truth. So don’t base your whole plan on advertising alone.

The good news is that there is a world of options for blog owners. For example, Kenya Buzz (which is not a blog), managed to get some advertisers on their site even when their visitor numbers were pretty low. I’m not sure how much they charge but it’s got to be something worthwhile. If you can get such advertising deals for your young blog then go for it, by all means. This brings me to another important point, unless you have very high visitor numbers, ‘self service’ advertising works better than advertising platforms such as Google Adsense. By this, I mean that it would be better to try and find your own advertisers at your own rates than relying solely on programs such as Adsense. For one thing, you can make more money even if you don’t have the visitors – depends on how you structure your deal and market it.

Of course advertising is not the only way to make money using blogs. Problogger has a huge list of ways to make money using blogs. There are, indeed, many other ways. We have to keep in mind that, at its core, a blog is very much part of ‘social media’ and web 2.0. A blog is a tool that you can very easily use to build a community of like-minded people. This is why, when it comes to blog monetization, I favour the techniques that use blogs to build or enhance a business. What I mean is that you do not actually make money ‘from’ the blog, but because of it. For example, Wambere does make money with Like Chapaa but not from it – she uses it to get clients for her other business. It works very well. So, for instance, if you are a photographer, you definitely want to set up a blog but not so that you can make money off advertisements or other ‘direct’ means – the blog helps you build a community of readers; it further helps you engage those readers and nurtures their interest in you, and your work. Selling your photography services to them then becomes much easier – and every new reader is a potential client who will love your blog, engage with it and, finally, buy your services. A blog is perfect for this. Blogs work very well for businesses that have a long sales cycle – businesses in which buyers take time before deciding to buy from a particular person/business. I hope I’m clear. In my experience, this is the best way to make money using blogs in Kenya.

So, before you rush out to your blogs, here’s some more thoughts:

  • You just have to pick a niche. Do not write a general blog, it gets you nowhere and will not build a very good, single minded, community. For heaven’s sake do pick a topic that you really love. There are many months of cold nights ahead and if you don’t love what your blog is about, then it will start to feel like a “chore” and then your blog will die a slow, miserable and penniless death.
  • Think clearly and rationally about the content of your blog. Remember that your content and style of writing will attract a very specific type of person. You want to avoid attracting people who will not end up being your customers because then you’ll be wasting time with the blog, ama? For instance, if you are a freelance writer, it may be very natural to write a blog about “how to write well” or “how to make it as a freelancer”. You will be surprised at how many people do this. The question is, who are your readers going to be? If you are a writer, and your readers are other writers, do you think they will pay money for you to write for them? No? Then don’t do it! Write about something like photography, so that you attract photographers who may then, possibly, need your writing services.
  • Blogging is hard work and it takes a pretty long time before it starts paying off. It may take months to years, even if you write daily. There are millions of blogs out there and every potential reader of your blog already has tons and tons of other things to do with their time. Please only do this if you are prepared to go “long term.”
  • As you work on your blog, you will notice that as time passes, you become more successful. If you picked a good niche and write quality stuff, then you will succeed, after a while. Just keep at it and have a clear picture of what you want from the blog so that you keep yourself motivated. Thinking long term is better.
  • Blogging money can be the best money you ever make! Most bloggers just love writing (because they picked a topic that they enjoy) for their blogs and when this starts making them money, it is pure bliss!
  • If you already have a web presence for your business, or if you are already into ecommerce, then you just must have a blog. It is priceless in terms of marketing and enhancing your online presence. For one thing, a blog does wonders to any site’s SEO (search engine optimisation). You’ll want to think clearly and deeply about the ‘tone’ that your blog will take. Make sure it goes well with the rest of what you do. Creativity is key, though.

So, that’s it, some random thoughts on making money using blogs. What do you think? We’d love to hear from you. We’re also available for hire, by the way. 🙂

You Can Do It

Yesterday I had the good fortune to meet with a man who inspired me with his simple story and so I shall share it with you, dear readers. 🙂

In the mid 90s (that’s ages ago, eh?) Paul was in his 30s and had a wife and kids. He was unemployed and lived in one of the poorer parts of Nairobi. Life was a daily struggle. Paul did not mind going days without a meal but it broke his heart to think that his wife and kids could sleep hungry. Paul always always made sure that he did whatever he could to ensure that there was a meal on his table every day, even if it meant walking across Nairobi to get 70 bob.

One day was particularly dry. Paul had walked the city since dawn but had not made a single cent. Dusk was fast approaching and he did not know where his family’s evening meal would come from. He decided to visit his aunt’s house near industrial area to see if anything would come of the visit. Paul’s aunt gave him Kshs 70 and told him to “learn how to fish”.

As fate would have it, when Paul was leaving the house, he saw someone buying old newspapers at a neighbor. He immediately thought, “I can do that.” That same day, and using that same Kshs 70, Paul bought some old newspapers and sold them in town. Back then, he bought 1 Kilogram of papers at Kshs 5 and sold it at Kshs 15. After that day, Paul fully immersed himself in the business of buying old newspapers and selling them. His days were spent walking from door to door asking for old newspapers. He used to walk his way across the entire city of Nairobi!

And guess what? His hard work paid off. He built upon his small successes, little by little, and now he owns a company which has its head offices in the leafy Westlands. Paul’s advise for all our unemployed youth to stop sitting around and waiting for a job. According to him, every single one of us has something to offer the world and we all have the ability to become business owners.

What are you waiting for? Stop making excuses and do something!

Small Business Ideas

For most potential entrepreneurs, the hardest part in deciding to start a business is simply coming up with small business ideas. The ambition and drive are certainly there – the challenge, however, is finding and feeling confident about the right business concept.

Maybe a friend has succeeded in her own business. Perhaps small business ownership runs in your family. Or is it the fact that you’re just bored with the daily grind?

Why haven’t you pulled the trigger? What’s holding you back?

MySmallBiz.com

Sadly, and perhaps surprisingly, many people wanting to start a small business just have no idea what to get into. They really want to get going and start something but they do not have a business idea. Could this be you?

Well, let 2010 be the year that you go forth and start doing something. The people at mysmallbiz.com have lots and lots of well thought out and explained ideas. Good luck. 🙂

Stealth Mode?

Sometimes I get a lot of emails from people wishing to start a new business or website. One thing that I almost always get from these nice people is that they want me to assure them of absolute secrecy regarding their project. They are afraid that if other people hear about it, then their idea will be stolen.

But is that really true? The sad fact is that no one really cares about your idea anyway. And I speak this from experience – we’ve been involved in a whole lot of projects and the level of secrecy surrounding a project does not affect its success in the least. In fact, the more secrecy there is, the less your chances of success. I bet some of you never thought about it that way, ama? This is especially true if your project involves a lot of technology.

Why? Because high technology start-ups are very very much shaped by and demand a lot of user feedback. You cannot build a perfect project while tucked away in your basement – you need people to continually test it and give feedback so that your product ‘evolves’ into something that is just perfect for your target market. This is the plain truth, dear readers.

Please have a look at: Stealth Startups, Get Over Yourselves: Nobody Cares About Your Secrets by TechCrunch.

What do you think of all this?

How To Get Out Of Debt

Q: My query was is there a way i can get back to my finacial freedom after i took a loan with Barclays bank and currently paying through the nose with the big interest.also this has lead me to bad credit and i am always in a debit account so getting a top up is impossible.please advise. thanks

As I see it, there is no set path to come out of debt, everyone’s case is different. They key is proper financial management. If one has good money managing habits, they can theoretically get out of debt with ease.

There are two paths here:

  1. Income + Borrowing + Spending both = DEBT
  2. Income + Saving + Investment = WEALTH

Unfortunately, many many people follow the fist path. It is not fair to blame them though – we are only human and our wants can sometimes take control of our emotions and end up in us making wrong financial/money decisions….

So how does one go about getting out of debt? Here’s one plan. Kindly note that it is not the only way and there may be better methods out there.

First, take a piece of paper and list down all your sources of income (things that put money in your pocket every month). Next, list all your expenses (things that take money out of your pocket), including what you need to pay every month to service your loan(s).

If the total income is higher than the expenses, that’s super! Otherwise, you are in the red and things will only get worse unless you take control now. But how? First, do not get any further into debt!

Next, You MUST reduce your expenses (or increase your income!) so that you can comfortably pay your bills every month without accumulating more debt. Try your best and cut down on everything that is not an absolute necessity – make sure that you only pay what you absolutely MUST pay. If you can move somewhere where the rent is cheaper, do so; if you can cut down on your monthly bills, do so; if you spend money on anything that you don’t need to survive, stop that. Cut down your expenses brutally.

Doing this will make you able to service your loan. If, after you reduce your expenses, you find that your income is now higher than your expenses, put the surplus into paying off your debt. In fact, pour any spare money into the repayment of the debt. Think of the debt as a drain on your money – if you pay it off, you will have money to spend on other things. Put all your disposable income into paying off the debt until it is gone. If you have a savings account with money – consider using it to pay off your debt. Think of it this way: why earn 1 – 5% interest on your savings account when you have a loan that you pay at 18%? Use your savings to reduce the debt.

If you have more than one debt/loan that you need to pay, then you need to list them down and compare them. Which has the highest interest rate? Pay that one off first. You can do this: pay the minimum amount on the other debts/loans while focusing the rest of your money on the one with higher interest. Once you finish it off, move to the next highest interest rate debt/loan. Keep doing this until you pay off all your debt.

And when it is gone, then follow path two – which leads to wealth.

Basically, do as much as possible to acquire Assets while avoiding Liabilities. We can define assets as things that put money into your pocket and Liabilities as things that take money out of your pocket. For example, unless your are a taxi driver, buying a car is, in effect, buying a liability . Imagine that – who ever goes out of her way to buy a liability?

Income + Saving + Investment = WEALTH

Photo courtesy of alancleaver_2000.

Freelancers & SEO – What You Should Know

Freelancers mostly get paid for their time and their expertise. You go to a freelancer because you want her to do something for you that you cannot do yourself. SEO, on the other hand is search engine optimisation – it is what you do if you want more visitors to your website getting to your site through the search engines (Google, etc).

Let’s assume that like any other good and forward-looking freelancer, you have a website. Is SEO important to you?? Honestly, search engine traffic is not tremendously useful for freelancers. That’s just the truth. Unless you’re targeting extremely local markets (like “graphic designers in Kisumu”), then SEO is mostly a waste of time and money.

Why? Well, generally, the market is too big to get any appreciable amount of useful web traffic. There’s too much competition – too many logo designers, too many web designers, etc. In my experience, it is hard for freelancers to get search engine traffic that leads to actual paying customers. Believe it or not, most people who are going to visit a freelancer’s website will probably actually type in the site into their web browsers (they already know about you and your site – maybe they read it off your business card) or people who clicked on a link somewhere and got to your site.

So, dear freelancers-reading-this, if I were you, I wouldn’t spend any money hiring anyone to do SEO for you. Of course do not ignore it completely, just don’t focus on it – an online freelancer doesn’t need 1000 visitors a day to make money online. The good thing is that SEO is not the only way to market online.

How do you market your freelancing service?

An Online Strategy For Companies in Kenya

This one is from a while back. Someone asked me:

My question to you is, what do you think should be the online strategy for a tour company in Kenya and how should they approach it and what tools should they apply?

Here’s my response:

What would be a good online strategy for a tour company in Kenya? This is an interesting challenge. So let’s see, what I would do is launch an elegant website that is intuitive to use and stylish (web2.0-ish also). I’m assuming this site will have some sort of ‘place’ (a shopping cart, online booking form etc) where a sale needs to be made – focus on this. Make the buying/ordering process easy to use for even a passing browser. And the sales copy around it has to be absolutely well done. If need be, hire professional copywriters for this one page (menwithpens or Kenyan Freelancer come to mind). You do this to make sure that your site doesn’t suck at selling.

Now, in my mind, the target visitors of this site are not in Kenya. True? So you need to find how to reach them. I would include a blog with the website. You can talk honestly and with a personal voice (no corporate-speak) about Kenya, and why it’s such a great country. I’m sure there are tons of things that your blog can talk about.

How to get visitors? I like the organic way – make a remarkable site and blog and then apply SEO VERY well (the works: link building, directory submissions etc). Also, since your visitors are not from Kenya, it should be easy to find out where they hang out – other travel blogs, forums, etc. Go there and join those conversations and, by all means, get noticed. But be subtle.

To complement this sort of ‘organic’ strategy, also carry out a PPC advertising campaign (with Adsense or YPN). This will get some visitors and some sales (if you did your sales copy well). I don’t like extended PPC campaigns so probably you should phase this out as the organic traffic rises – unless your returns on the advertising are very good.

As you get visitors to the site, have some way to opt in visitors into an email marketing campaign. Use mailchimp (by my experience they rock!) to provide your auto responder software/services. Don’t spend too much money on this – people sometimes go crazy – just a basic Mailchimp account will do (they even have a free offering). Be creative in how you get people to join your email list (NEVER buy email addresses). Perhaps you could offer free Swahili lessons via email, or an amazing free video of unseen Kenyan delights. But I’m sure there’s no shortage of creativity on your end.

I think if you do this, you’ll have a good strong start. I doubt many other Kenyan sites have done this well. 😉

To recap:

  • Build an elegant site. Let is be super easy to use.
  • Do your sales copy excellently.
  • SEO everything.
  • Market the site by authentically joining the conversation on other travel blogs, forums and other sites.
  • Carry out a PPC campaign and consider stopping it (or slowing down) when there is enough organic traffic.
  • Create an email marketing campaign.

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I had not mentioned a social network strategy (Facebook, twitter, etc). I’ll work on that and post it here soon. Stay tuned. Got questions? I have answers! 🙂