I routinely write things free-form as the thoughts roll out of my mind and then save them to come back to later and polish up. I found this one today as I was going through my drafts and was amazed to find that a) I had written so much as it fell out of my head and b) that it was just a few days short of a year ago. I've already kind of answered the question for me in ... Keep reading »
I know this is a constant refrain for me, but for every person who finds success using a shortcut, there are thousands who never will because they use shortcuts. Seth blogs about that today. Add up all that time you spend chasing a quick solution, and you could have had real success. Instead, you're left with nothing while the turtle wins the race.
Today the U.S. capital gains rate stands at 15%. That means if you sell a business that you've owned for more than a year, you owe the government 15% in taxes -- $150,000 on a $1,000,000 sale. Obama wants to raise that to as much as 28%, though. So to net the same amount with a 28% rate as you do with a 15% rate, you'd have to ... Keep reading »
As I've pointed out often, income is great, but it barely holds a candle to what you can make when you sell a site. If you follow a wise plan, you're looking at at least a 5X buyout and quite likely 10X or more. 10 years' worth of income would be more than enough for many people to sell and move on to the next ... Keep reading »
I wanted to revisit a topic I first wrote about almost three months ago, How to (Really) Make Money with Domain Names. Before I wrote that, and increasingly since then, I've seen public admissions by a number of domainers that the potentials for growth by just buying and holding domain names isn't what it used to be. 75% of domain industry professionals may expect domain prices to increase this year, but even Andrew Allemann from Domain Name Wire ... Keep reading »
When I started writing this, my first sentence was "The time for making easy money with domain names has passed." It didn't take me long to realize, though, that there never really has been any easy money in domains. Think it was easy to invest $70 each for domains back in the mid-90s when no one could really be sure at all that the Internet was going to be as life-changing as it has proven to be? Think it was easy ... Keep reading »
After a hiatus of several months, the guys behind Elite Retreat have thankfully announced a new Elite Retreat for this April in San Francisco. If you're entertaining any thoughts whatsoever of someday quitting your day job, I simply can't recommend this conference highly enough. It changed my life, and I have no doubt that it will change yours, too. Nowhere will you get the one-on-one time with this many true experts. ... Keep reading »
So I read Search Engine Myths Exposed yesterday. (If you're involved in Internet marketing at all, I'm sure you saw at least one person pushing it.) It was free, and since getting good at SEO is what started my journey, I figured I'd give it a look and see what "expert" advice this "guru" was giving. The first thing I found was that he definitely has the Internet Marketing Hype Meter turned all the way up to 11 ... Keep reading »
Most of the blogging business models you read about sound great, but aren't actually grounded in reality. Yaro has one tonight that's worth a read, though. Check out How To Launch a Niche Blogging Business.
Last month I wrote about how important it is to learn from others who are already successful. Well, this month I decided to make that a little easier for you to do. Here is a roundup of all the posts I've found so far where bloggers listed their earnings for October. Click the dollar figure to see their details. Shoemoney (~$30,000) Direct Ad Sales: 50% Affiliate: 30% Other: 20% John Chow ($23,448.59) Direct Ad Sales: ... Keep reading »