I have been away on holiday for 3 weeks and whilst on holiday I met a gentleman who is an internet millionaire and has actually built a company based on blogging and advertising which he claimed to have made him over 3 million pounds in 5 years!
I definitely believe the fact that he knew how to make money and has been doing it for years and obviously made a considerable amount of income as he staying in the top hotel in Dubai and had hired an impressive sport car from the most expensive car hire company in the middle east.
After a few drinks and a chat about how to make money online, he started to tell me the economics of his companies based on blogging and advertising.
He began by telling me that he was someone not too different from myself, he worked a 35 hour week and blogging was a hobbie which turned into a second income and then his lifetime career. He claimed that he made money online due to strategic methods which went something like this (I was a little drunk by this point so bear with me...)
First he started blogging for 2 hours every night of the week which made up 14 hours. After a year or so of continuos promotion of his site and excellent reading material being posted regularly, his blog was a hit. He then started another blog about how successfull his first blog was and that was also a success. Then came the part that blew my mind! He started selling his methods on ebooks, audio books, paper books and also built an online school of blogging which he charged internet users a small fee to view his daily and sometimes weekly tutorials which made him millions. He also knew how to make money online from advertising, because when he had reached 200,000 subscribers to his tutorials he started selling off advertising space to massive companies such as Coca-Cola and Nestle. Believe it or not he never involved himself with any other person during his venture and he succeeded! After 18 months of blogging he had quit his job and had an average income of £38,000 a year which is pretty impressive. By year two he had launched the mentioned above tutorials and sold advertising space on all his products and blogs and had started building a company who specialize in blogging for other companies to provide maximum exposure to the public and also it was used for market research purposes to gain feedback about products and services the customers/clients had purchased and how they believe it would benefit the company.
He had obviously been a very smart man to construct such wealth from such a once simple blog. I personally wouldn't say this would be possible for every blogger out there but you never know 2 hours of writing and posting your life/opinion/interest online for the world to see and read may bring you more than you expect.
Later on today I am going to get a few tips posted on how I believe everyone could make alot of money online.
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