Tag Archives: Several Ways

3 Ways to Make Money As A Blogger

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Would you like to use your expertise and use your words to make money?

There are several ways for you to do this online. But one of the fastest, easiest ways is to start up a niche blog. And since a blog is so flexible, there are also plenty of ways to monetize it.

Here are the top three ways:

1. Sell your products.

This is the most obvious way to make money with a blog: If you have products or services to sell, then promote them on your blog.

You can put permanent banners and text ads in the sidebar. You can also weave your product links into your actual blog posts.

Example: Let’s suppose you’re selling a weight loss book on your blog. You can post a “Top 10 Tips for Losing Weight” article on your blog. And then at the end of the article you can include a link to your book, “101 Tips for Losing Weight.” If people like your 10 tips, then they’ll be eager to buy your book.

Why does this work so well?

Because blogging gives you the opportunity to showcase your expertise. When you establish yourself as a trusted expert, people are more likely to buy from you.

2. Sell affiliate products.

Don’t have your own products?

No problem: You can sell affiliate products. That means that you get a commission every time someone buys a product or service through your affiliate link.

There are plenty of big companies that have affiliate programs. One of the most popular affiliate programs for physical products is the Amazon.com program, simply because your buyers already know and trust Amazon.com.

But if you’re going to sell downloadable information products, then one of the best affiliate programs is via Clickbank.com, where you’ll find thousands upon thousands of products to sell. Best of all, the commission rates are generous. You’ll see them as high as 50% and even 75%!

3. Insert AdSense ads.

Still another way to make money on your blog is by showing Google AdSense ads on your site. You make money every time someone clicks on your ad!

Here’s the biggest benefit of this method:

You don’t have to sell a thing. You don’t have to convince anyone to buy.

All you have to do is post good content on your site to attract prospects… and you get paid every time they click on an ad. It’s easy!

What’s  the next step so I can make money you ask?

I’m sure by now you can see that there’s a world of profitable opportunities waiting for anyone who wants to start up a blog.

If you’d like to know what the Net’s wealthiest bloggers know about making money with a blog, then look no further than the 31 Day Guide to Blogging For BUcks.

Make Money Blogging

Get your copy here: http://www.davemcgarry.com/cms/bloggingforprofits – and do it now, because this make money guide will really open your eyes to the possibilities!

Without a Financial Scorecard Your Small Business is Destined to Fail

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“If winning isn’t everything, why do they keep score?” – Vince Lombardi. That is one of my all time favorite quotes. Now, I know that there is debate on whether or not we should be a society that stresses winning over doing your best, but when it comes to business, unfortunately, doing your best is not going to keep the doors open. If you are not beating your competition and not making money then the likelihood of your business surviving is at stake. There are several ways you know if you are winning but the best way to keep track is to have a financial scorecard. What exactly is a financial scorecard and what does it mean for a small business? That is exactly what we are going to answer and my hope is to have you understanding enough after this post that you stop what you are doing and start your “scorecard!”

In business numbers are how you are judged and it doesn’t matter how many innovative products you bring to the market if you do not know your numbers you are going to struggle and could be destined to fail. Here is a simple way to look at what your scorecard is and I like to make things simple. Think of your scorecard as after each month, quarter, or year as if you are winning a game. If your sales are higher than your costs you are more than likely winning. Now, before you go saying, “well duh” there are a few more components that you need to consider, but the main point here is your scorecard is the life of your busy and how healthy and strong it is.

So, if your financial scorecard is the lifeline to your small business then what does it consist of? The financial scorecard consists of four components and they are; PNL ( Profit and Loss Statement), Balance Sheet, Cash Flow Statement, and your Budget.

Now that we know what areas consists of our scorecard let’s explore each one just a little bit more.

PNL (Also known as your Profit and Loss statement) – The PNL measures the financial performance of the business for a given time period. The PNL will consists of revenue line items and expense line items. When you have those two set up you then take your revenue and minus it from expenses to get your profit (REV-EXP=Profit). Pretty simple but most small business owners just look at their bank statements each month to see if it is going up or down. Spend the time to write out each month your revenue and expenses. Knowing what areas are bring in you more income or is costing you more will help you budget better and also focus more on either cost reeducation or revenue enhancing strategies!

Balance Sheet – The Balance Sheet is composed of three things; Assets, Liabilities, and Owner Equity. The equation for this is Assets – Liabilities = Owner’s Equity. The balance sheet is used to score the financial condition of the small business at certain point in time. The problem that most small business owners face is that their Liabilities tend to be higher than their assets, which leads to negative cash flow.

Cash Flow – I am sure you have all heard the quote “Cash is King” and it is very true in business, so theCash third component to the scorecard is the cash flow statement. We have all heard the statistics of small businesses failing in the first years of existence and one reason for that is the lack of cash on hand to keep the business afloat. It is important to know your “cash burn rate”, which is simply how much cash you are going through in a specific time period. In order to find out your cash flow and burn rate you need to do the following equation:

Income or Revenue
–
COGS( Cost of Goods Sold)
=
Exp/OH/Fixed
–
Owner Salary
=
Net Profit
+
Equity Inflow
=
Cash Position

It is important to set this up on a monthly basis because each month things change and so does your cash position. For example, one month sales might be 100k and the next month they may only be 50K but your fixed expenses and salaries did not change, which could allow you to have a smaller cash position. There are very few business who will not experience a cash gap at some time during a business year, so it is important to have the cash flow statement to plan accordingly.

Budget – The final and fourth component to the scorecard is the Budget report. It is important to forecast out your revenue and expenses. The budget helps you mange the planned future performance of the small business and also gives you insight as to how well you are predicting outcomes. A lot of times I see small business owners just guess on revenue or expenses because they say that how do I know what is going to happen in the future but this is the wrong thought process.
Let me give you an example, I am sure most of you have heard of Southwest Airlines, and some of you may know that they have put together one of the longest stretches of positive earnings for a public company. Now, remember this company is an airline and as most of who drive we see gas prices go up and down all the time, so then how do they predict gas prices in their business. Well, they hedge their bet. They have people who look at the markets and buy gasoline futures months in advance so that when the price becomes volatile because of some event they do not get caught up in it. As a small business owner you need to do the same. If you buy material know when the material is more expensive and buy more at the current levels. Hedge your bet and forecast into the future.

Alright, I kind of got off track and will probably do a post just on “hedging” in the future but for now go set up your scorecard and start keeping track. Know your numbers! Start having a MBN ( Manage by Numbers) approach to your small business.

To Your Success,
Coach Dave

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A XXX Fitness Workout That Will Make Your Knees Weak

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Sorry to disappoint but it is not the XXX you are thinking and no, I am not talking about pole dancing classes either! What I am talking about is over the weekend I had the privilege to attend a workshop and be trained as an instructor on the Trixter X bike.

Now, those of you that know me know how much I love to teach indoor cycle. Well, let me tell you, the X bike and the workouts that come along with the training are awesome. It has been a long time since I had such a great workout cycling indoors and I absolutely LOVED working out on the X bike. My quads were on fire and I was dripping with sweat after 30 minutes. If you are a little crazy like me you just love it when you get off totally spent.

Okay, so what I find so unique and different about the X bike is the fact the workout is much more engaging. The X bike is different from other bikes on the market in several ways. First, the X bike does not have a fixed fly wheel. It is set up like a normal bike and the gear shifter adds resistance. Let’s just say you can’t cheat on this bike and after 30 minutes your quads are on fire. Another great aspect that differentiates this bike from others is the fact the handle bars moved from left to right and allow you to engage your core and upper body. The finally aspect is the programming is really unique.

Now, not only is the workout more engaging but the programming is unique. There are three levels starting with the 30 minute X program and working up to the hour long XXX advanced program. I can tell you after experiencing all three programs that each one is unique, different and challenging, which gives beginners to advanced cyclists a great workout.

The final thing that I loved so much about the Trixter X bike is the VRX biking program. If you are a club owner or fitness program director you have got to check this out. The VRX biking is like a virtual ride outdoors. Not only is it a unique and something that differentiates your club and group exercise programming, but it serves another purpose as well. Instead of seeing your cycle room sit empty and only used when you have a class the VRX biking allows you to have the virtual trainer taking members through a routine whenever you want to have the video running. This helps maximum revenue and expense per square foot. Also, as you well know, more and more of the virtual fitness training is where the industry is moving and the VRX biking is a great way to integrate that into your club.

So in conclusion, all I can say is you have to at least try the X bike and see for yourself what I am talking about. If you are an owner or fitness manager and want to learn more about the Trixter bikes feel free to contact me or an independent dealer for more info.

To your success,

Coach Dave

The programming