Increasingly people are turning to blogging as a means of earning an additional income. The reasons vary but I venture that the economic meltdown of 2009 was a major motivator. Sadly many jump on the bandwagon expecting instant results – and who can blame them, what with all the ads promising the money truck to roll in overnight!
I was speaking with a retired gentleman a few days ago. He took early retirement because he could. His income was almost entirely based on his stock portfolio. With last year’s debacle he finds that he now has to look for a job, not exactly a promising prospect. He knows I blog and asked if this might be a good direction for him.
It might be. He brings a wealth of knowledge from the corporate world. He could launch a business to business blog, start a paid subscription newsletter, build up traffic and subscribers and sell ad space on his blog and newsletter. He’s a quick study and I have no doubt that with laser like focus, consistent effort and bulldog tenacity he would succeed. But it wouldn’t be overnight.
When speaking with would be bloggers who want to earn an online income, my advice to them is to keep the big picture in the background, and work towards small achievements that are part of the picture. Yesterday’s post was on 5 milestones that are easy to achieve and a good starting point for any blogging career. One of those milestones was to eliminate one bill.
Intuitively the mind jumps to the biggest bill – the mortgage, or car payment. But what if instead of the big bill, you decide to tackle the smallest one first? Here is what you do:
- Make a list of all your standing order bills along with the monthly amount
- Pick the smallest bill and make that your first target
- When you eliminate that bill, take the next smallest one and add it to your blog income goal.
- Repeat, repeat, repeat.
I’d like to take credit for this process but I believe I first heard it from Kevin Wilke of Nitro Marketing Its brilliant and here is why I think it is so:
- It’s doable. You are not starting out to conquer Mt. Everest, just a local hill. You can relate to it.
- It’s friendly: you don’t need a lot of expensive equipment to scale this little incline in your neighborhood – just the will to step out and walk it. Maybe you haven’t done any exercise for a long time and the top of the hill is a ways off. Never mind, daily effort eventually brings you to the top of the hill.
- Success: When you look at your standing order of services/payments, I bet you’ll find something that is less than $10. Mine is $1.96 for a membership to Problogger’s Forum (I got in at the first offer – even at $5.95 it’s a good value). Well, that was easy. I have several recurring monthly fees that are in the $9.95 bracket – bet you do to. Decide which one you want to topple first.
- Success builds on success. A funny thing happens when you first experience success – your personal energy changes and that changes you forever. It may be just $1.96, but that is one bill that your blog income is paying for and suddenly your backbone strengthens, suddenly there is a new will and resolve that keeps you moving to the next post and then the next.
Soon the process becomes a new habit – it’s now deeply embedded in your DNA, trust me. The car payment and the mortgage? They too will topple. The debt? That too will be erased as your blog income grows.
To An Awesome Blog Income Life!