3/28/08

Why I Have 8 Blogs to Make Money Online

I was chatting with a friend last night and mentioned I maintain about 8 blogs on various topics that interest me. She was stunned by the number, and I explained it can be a lot of work, with some blogs getting updated more often then the others. There's times where I look at the RSS counts and then feel those people will be let down if there's not recent updates. I tend to update the one that is my "breadwinner" while the others get a little less attention based on how I feel at the moment. So while it may seem overwhelming to have 2 or more blogs, I feel having more is better, and here's why...

In the Rich Dad, Poor Dad series, Robert Kiyosaki discusses the notion of not just having 1 business, but many. The more business assets you own and profit from, the better. While it's great to have just 1 blog going and making you money, why not have several? There's no rule you need to update blogs daily, or advertise heavily on each one. Some you can set up just for search engine traffic and experimenting. You can set up a 10 entry blog, and really make it into a website to catch search traffic.

I think it's a great idea to have at least 1 additional blog, besides your main stay. Make it experimental in nature and use it to test different monetization strategies. It can be more of an "anything goes" blog, where you just go crazy. Consider an entertainment or random humor type blog, where you can let your imagination go crazy. Create your own unique character to pitch products or just give your own take on life in general. You'll see many examples of these blogs over at Entrecard.com.

The good thing about that sort of blog is you can build it up at your own pace, and then profit from paid advertising, Google (or alternatives), try Amazon product sales or even paid review sites. Sky's the limit if you set up one of these sort of blogs, because you can test the implementation of all sorts of money strategies...

Another consideration is with more blogs, you expose yourself to more opportunities, networking and link building. You also can leave some projects behind if they just aren't working, then return to them later. Tapping into your creative thoughts is also one of the keys to becoming rich. It's what many smart industrial age millionaires and billionaires did, and most of today's young dot com generation have done.

You don't need to have 8 blogs, but consider starting up a second blog over the weekend. It doesn't have to take up all your time, start simple and build from there. Make it your "anything goes" project and have fun with it. Sometimes the most creative, wacky and out of the ordinary ideas end up making you the most money!

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