Teach Me Money!
Monday, October 14, 2013
Content Providers
These types of online companies generate revenue off of user base, whom are the main prospect for customers. They either monetize their content with advertisement, aka google adsense, click bank, and other forms of user ads. The other way they can make money is with affiliate marketing. This form is a more reliable way, but has its set of challenges as well.
The biggest challenge with Content providers, especially for people like me, who can't write. It's biased against people who have a lesser understanding of the language and can isolate the potential markets who can't read the language that the content is written in. Of course these problems are small, with technology today. I can have this translated in just about any language. Amazing wright? Well, I think not. That also means, more content can be translated into the language in which you compete. So every solution has it's own set of problems. But I like to find the "final solution" How can one, promote the content with out being deemed a spammer? With out spending a ton if any money on advertising? With out wasting too much time? The trick is... A lot of hard work. Instead of spamming forums, make more content to promote other content. A way to illustrate it is, Is you create a "black-hole" of content. So much good content that the users can spend an eternity reading, enjoying it all. Now, when you first make a blog, or youtube, it's extremely important to capitalize on the "splash-effect" for some reason, brand-brand new stuff, gets a "jump" in readers, for no apparent reason. This effect has been observed on multiple platforms, Weebly, Web.com, Stumbleupon, even blogger. The fastest way to gain people is to keep creating new content. See good content can be likened to "sticky-paper" I feel too many people view it as a magnet. Were if it's good, people will come. Unfortunately, that can't be true, the internet is just too big, and the attention span is just too small. We only get one first impression. But remember, you have at least 6 billion first impressions to make. One other tip is longevity, the longer your blog has been around, the bigger the "splash-affect" you can observe. The idea is to create a big enough rock so when you drop it into a lake, you get a descent splash. Some people have machines to build rocks. But you, you just want to use a keyboard. You CAN DO exactly what a fortune 500 does, and that is with time, effort, strategy you can pay your bills.
Develope a strategy.
Owning an online company, you have several opportunities. The first thing you have to decide is, what needs to get done, and what can you do. If you find yourself like me, and can't write. Out-Source it. Or, "borrow" it. But that's a little less ethical. The other option is to practice. Practice practice practice.
Once you practice enough you have to get better at it. Good Luck-Zachariah Logan
What Kind of Online business are there?
If I could write a letter to myself in the past. It would be on everything I did wrong. I would tell myself that there are three types of online Companies. The first is content provider, blogs, (like this one) magazines, music videos etc. The Second kind of online business are pyramid schemes. Now, I know they have a bad wrap. But you can't argue with someone who has made more money than me with pyramid schemes. The trick with them is to be at the top. The third kind of online company is a service provider, GoDaddy, FileBack Up, Hosting, Out-Sourcing,social media, etc.. which in my experiance is the most complicated to operate, but also the most reliable model.
So I there may be a few I left out simply because I don't know about them, but I don't at all claim to know everything.
Content Providers
Now you may notice the wordpress logo. That's why it's there, so you can notice it. I've learned that if you can get over the challenge of people noticing you, (or your content) your as good as golden. Now me, I'm a terrible writer, I admit it, this is not something in which I have been blessed by the money gods, but it's still fun.
But getting noticed online line is honestly a numbers game. If you don't sell anything It's easier to gain a few loyal readers. If you sell to them. It's easier to get their money. But the question honestly is, if you can write better than I can (which isn't saying much) How, do you get people to find it?
Pyramid Schemes.
Here is the worst reputable type of online business. It's famous for a reason, for some odd reason. It works, Why it works is a subject too complicated for me, probably because this style of marketing acts like a virus. It needs a host to survive, Also if executed properly can be a force to be reckoned with, heck in my opinion Wall Street is the most famous of all pyramid schemes. But that's another post.
Service Provider
Probably the most reliable and authentic model of online business. A Service provider has it's own set of challenges and advantages.
The Three things that these have in common, is are the steps preceding them. These models obey the same economic laws as brick and mortar business. I have a real passion for these models as they can be applied at any age, it's impossible to discriminate against a customer, and they generally have low overhead, and high profitability, (If done right). But the trick is to do it wright. I want to give you some homework.. Or at least some things to think about.
What types of people, what type of money would need <--(keyword) these types of models, there is demand for all themes. But most need a meme or a niche attached to them to target a certain group of money.
Who are you? Is this blog for you?
HI, my name is Zach,
Who am I intending this website for?
When I was a kid, I wanted to find any and every resource I could to make money. This website is geared for those individuals who are either in highschool, college, or middle school to give you ideas, inspiration and a map to making money for yourself. And not at a job making someone else rich. In the Future I'm going to release three products all geared for a profit making entity.
So, if you think you got what it takes to stay motivated, I can promise you make your money, and teach you skills that will gain you even more money as time goes on. If you stay, I can make you a competitive force that really helps you.
Thank you for reading
-Zachariah
Who am I? What authority do I have?
Well that's a good question, my name is Zachariah Logan, I've been working full time since I was 12 years old, and have done a few impressive things.
When I was 16, I was making so much money at my job I dropped out of high school, to make even more money. Foolish right? I now think so.
But after I dropped out I got my GED, and got a full ride scholarship to UNM because of my SAT and GED scores. I felt pretty smart after doing that. Later I learned that a 17 year old freshman in college is not as fun as you might think it is. You literally have to go to school, that's all you can do. I couldn't partake in the really REALLY fun parties that I would have been in if I was a little older. I couldn't go clubbing, I couldn't do a lot of things.
Also, a 17 year old in college there is a significant maturity gap, and now, if I could change the past I would tell myself, Zach, yes your smart. But you need to slow down, your simply too young to have the full college experiance, relax and enjoy whats left of childhood.
So, I later dropped out to start my own business. It as done relatively well, but It's a lot of hard work. I own several companies, and am about to open a new one. My net work is over 4.7 Million dollars, and I think that I have been very very blessed in my life.
Now, what authority do I have?
Well, like I said earlier, I own several business. The first one is an Industrial Refrigeration company, which is make a little bit of money. I own a small specialty store in Albuquerque New Mexico, and a retail outlet.
Those together have given me enough experience to share with you what I have learned.
The truth is, if you are ready to begin the real path to wealth, then I suggest you subscribe to this blog. Like I said, I'm not going to give you some hogwash story about how to be a millionaire, but I think you could learn a thing or two from me. I really hope you enjoy it :)