(Above: Will the real Ronald please step forward?)
It's Sunday, so time to let loose and have a little fun here at the Monetizer blog. It's going to be another busy day for the Monetizer between blogging and setting up ebay auctions, among other endeavors. Here's some random fun and thoughts for your day.
AOL Money Presents the Company Mascot Quiz
This is a fun one, it's a 20 question quiz to identify the correct mascot for each company. Some of the all-time greats are represented like Mr. Peanut and The Pillsbury Doughboy. Try your luck and see if you can guess which of the 2 similar-looking images is the correct mascot! (Note: Monetizer scored 17 correct of 20...Toucan Sam got me! ;O )
Take the AOL Money Company Mascot Quiz!
Warren Buffet's 10 Ways to Get Rich
In today's Parade there's a very interesting article on billionaire Warren Buffett which presents his "10 Ways to Get Rich". Part of the article discusses how Buffet had hundreds of thousands of dollars by his mid-20's! In the Parade article, Buffett lists out his secrets to moneymaking. Some may be common knowledge to you, other ideas might be eye-opening. There's a new Buffett book coming out as well called "The Snowball - Warren Buffett and the Business of Life" written by Alice Schroeder, set to hit stores in October. Parade offers a chance to win one of 50 copies of the book here.
Here's Buffett's 10 Ways to Get Rich:
1) Re-invest your profits
2) Be willing to be different
3) Never suck your thumb
4) Spell out the deal before you act
5) Watch small expenses
6) Limit what you borrow
7) Be persistent
8) Know when to quit
9) Assess the risks
10)Know what success really means
There's more detail given for each tip on the Parade site. Perhaps the biggest of these to apply to blogging are "Re-investing profits", "be willing to be different" and "assessing risks". If you're making money on a blog, consider taking some of it and putting it back into the blog in the form of advertising, new logos, design, branding, or anything that may relate to your blog topic (example: better camera if you run a photo-themed blog, etc).
Being different is something many of the A-list bloggers recommend, as well as The Monetizer. Why blog what everyone else is already blogging? A common issue addressed with all the "Make Money" blogs there are is that it's just a recycling of the same material over and over. I've yet to read Chow, Problogger or Shoemoney, but I doubt they have the "Mascot quiz" up today! :)
Also, the risks are something we all should assess with our Blogs. Are you putting enough time in to make your blog a profitable one? Are you putting too much into it? Are your profits measurable with the effort you're giving? Is the competition ahead of you? Does your blog topic have enough of an audience? Should you tweak that Adsense ad, or try another advertiser? These are just some of the risks you might weigh when you have a blog or website for profit. Get some more ideas on Buffett's money-making strategy by reading the ten tips explained.
Read the full Buffett article here at Parade.com!
Stay tuned this week for more on how to set up your own Ebay seller's business!