What type of investment will generate a monthly or residual income? There are various forms of residual income ranging from multilevel marketing to real estate to dividends paid through stock options. But I want to discuss an option that was shown to me that takes about a $10 monthly investment and can yield you $1,000s per month. I say, “Can yield you,” because this investment is not based on the dollar amount but on your personal effort…welcome to the world of blogging.
I was introduced to the world of blogging about 6 months ago when I started stevenroddy.com. The road has been very exciting as I have watched my traffic grow by at least 20% every month and the money begin coming in on a residual basis. Soon I gathered a team of individuals around me who have several sites all making as much as $250 per day! Now, to some who are reading this post $7,500 per month may not be that exciting but to others spells FREEDOM!!
So, how is the blogging game done? Basically, you first have to find your passion. What are you passionate about? There is a guy who is passionate about Brittney Spears and had a blog completely dedicated to everything revolving around Brittney. Well, when Brittney Spears started going crazy and doing all of the publicity stunts his website became famous and he ended up on the O’Riley Factor! I was reading about another kid in high school who made over $120,000 in one month off of his blog!
So what is the process of beginning a blog? First find your passion. If you are excited about something you are not alone and there are others out there who are just as enthusiastic about it. Once your passion is identified go to GoDaddy to purchase a domain name (which will cost about $7) that is short, easy to remember, and describes what your blog is about.
Then you need to have a website created that optimized so your website can be found via Google. I have some friends who have spent $10,000 on their website only to have it not Google friendly, therefore the only people who find their site are the ones who typed in the exact address. Per their request, my team has built some of those friends new websites, optimized those sites for the search engines and have taught them how to generate traffic for about a tenth of the cost and now they are receiving hundreds of visitors a day.
Owning a website is like owning virtual real estate, only without tenants begin late on rent and destroying the property. Unlike traditional real estate where you want to purchase a piece of property in a high traffic location, in the Internet world you purchase your virtual real estate out in the boondocks and then build the highway to your property. Every post that you create is another street that is leading to your virtual property while increasing your asset.
And if you are one of those individuals who have more money than time you can pay someone to write for you. You can find freelance writers who will write articles for around $3 and then all you have to do is add some pictures and select the right key words and then you are off to the races. (This also works for term papers. lol)
In the blogging world you create your own freedom. The control is completely in your hands. You don’t have to worry about the market crashing, recession, finding customers, overhead or dealing with employees. Blogging is the best type of investment that you can make because you can make money your first month, work in your pajamas and there is zero stress attached. Can you say that about your investment?