Showing posts with label steps. Show all posts
Showing posts with label steps. Show all posts

Sunday, September 25, 2011

Run an Awesome Blog Contest in 5 Steps

This guest post is by Kiera Pedley of Binkd.


Running a contest on your blog can be a great way to generate new readership, reactivate stagnant subscribers, and increase the engagement of your readers.


Competitions can be a lot of hard work for little or no results, unless you run them to a plan and have a clear objective in mind.


Here are five tips for running an awesome blog contest campaign.


As bloggers we love readers, we love engagement, we love community—a contest can help you achieve any or all of these things. When planning your contest, set a goal as to what you need to achieve.


Do you want more:

email SubscribersRSS readerssocial media fanssales of your productcomments and engagement?

Set your goals as numbers—if you wish to increase your email subscribers, how many do you want?


The true measure of a successful competition is in its metrics, and without a clear, numerical goal in place, you won’t know if your hard work is paying off.


If you?re hoping to attract new readership to your blog, you want your contest to be seen by as many people as possible. You can do this using a few strategies:


Increasing your contest’s visibility is the key to success, and the easiest medium to send your contest viral is social media.


A third-party app helps you to encourage your fans to share their entries on social media. You can either use a blog plugin to run your contest, or use a Facebook based application such as Binkd or Wildfire App. (Full disclosure here, Binkd is my product!)


Leveraging someone else’s list is a powerful way to attract a fresh audience. Team up with a non-competing colleague in your niche and share the rewards of your contest. In exchange for the cross promotion, you could allow them to market to the list generated by the contest.


Getting a high-profile sponsor of your contest to assist in the promotion or in the donation of a prize is another way to help market your contest. It also adds credibility to your contest by transferring trust.


If you’re using a competition app, there are several types of contests available:


A skills contest requires your entrants to perform a task to be elligible to answer. Short story contests, answer a question contests, and write a jingle skills contests are popular. Entrants can then either be drawn randomly, or encouraged to share their entries to get their friends to vote. Skills contests are similar to sweepstakes, but the entrants can influence their success or failure in the competition.


You can select to have the entrant with the most votes win, or have each vote count for an entry, and drawn similar to a sweepstakes contest.


A visual form of skills contest, here, your entrants upload a photo, and then appeal to their contacts to vote for the photo. This is a really good way to visually promote your brand. Getting a photo of your fans using your product, or performing a stunt related to your brand spreads the word about you far and wide!


A challenge contest can send your entrants on a virtual scavenger hunt around your site and social media pages, searching for answers to your questions. This type of contest is powerful for creating engaged and interactive entrants.


Your entrants submit their entry, and the winner(s) are randomly drawn. Sweepstakes are a game of chance, not skill.


Increase the stickiness of your contest by increasing the engagement of your entrants.


Statistically, contests with multiple entry steps deliver more engaged and sticky entrants. A challenge contest gives your entrants the opportunity to explore your site, and interact with various articles on your blog.


Make the contest goals achievable for your entrants to complete. For example, if you’re running an article contest to generate some awesome new articles, don’t set word counts or criteria too high or tight.


Don’t make your challenge contest questions too difficult to answer, or be too cryptic in your clues.


You can effectively run a contest just on your blog, or by a forum and email management system, but it’s a lot of hard work and can be an administrative nightmare!


There are several applications on the market that automate running a contest and allow you to keep the list of entrants to market to during and after the contest.


Some of the most popular are:

Binkd a contest platform that offers a WordPress plugin and Facebook Sweepstakes and Challenge contestsWildfire App, for Facebook Sweepstakes, Photo Contests, and Vote to WinBulbstorm, for Facebook Sweepstakes, Photo Contests, and Vote to Win.

Running a contest can really help you build up your readership and drive quality, qualified fans to your email subscriber list and social media platforms. You can simplify the job by using a third-party application to handle the grunt work of administering the contest.


Have you used a contest to promote your blog and engage readers? Share your experiences and tips in the comments.


Kiera Pedley is the CCO (Chief Caring Officer) at Binkd home of the Binkd Promotion Platform.


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Wednesday, September 21, 2011

Start a Magazine that Complements Your Blog … in 5 Steps

This guest post is by Deidra Wilson of deidrawilson.com.


They say that print is dead. That the Internet laid waste to the magazine rack at the airport. But that line of thinking has the good old boy driving the diesel pickup today behind the wheel of an electric car tomorrow.


Print is, and always will be, alive and well. You blog, eBay, search for Thai food recommendations and interact online, but you will always read magazines.


Have you ever considered adding a print arm to your digital empire?


If you have ever entertained the idea of publishing your own magazine, it is not as difficult as most suggest, and can be done for a small initial investment. Maybe you want to start a magazine that compliments your online business. For example, if you run a wedding website/portal/blog, look into self-publishing a local/regional wedding publication (and you already have the best advertising and self-promotions spots saved for yourself).


Let’s talk about how a print arm of your blog can benefit your brand and your bottom line. Whether you will admit it or not, you on occasion take a peak at your closest competitor’s Twitter follower count and compare it to yours. If their count far outweighs yours, you assume that a large part of the public would consider your more followed competitor’s brand more legit than yours and to an intelligent extent you would be right.


What does adding an offline component to your blog’s brand achieve?


Similar to that monster Twitter follower count, the general public believes what it sees. It is rational to place a value on the increase in credibility your blog will gain from self-publishing your own print magazine. If you structure your whole effort properly by always pointing your magazine readers to your blog and other online efforts, you now trump the most common online “noise” your competition is creating due to the simple fact that stands the test of time and always will—magazines are perceived as glamorous and convey credibility. Run your own impromptu poll. “Media company” sounds more Fortune-500 than just “blog”—creating a strong and professionally credible percecption will make everything you do online easier, which leads to more readers and more profits.


As soon as your first issue is on the streets and in reader’s hands, you will hear a knocking on your door. Answer it and you will see new revenue streams, new readers, new traffic and new business relationships that can not be created in the 100% online world. If you sell/manage your own advertisements on your blog, you now have added value to offer your advertisers by either offering a la carte print advertising space or a bundled package of both online and print.


Diversity is the glue that holds media companies together. There have been times where I have relied heavily on revenue generated by Google Adsense, and that always made me nervous. I found myself asking “What if the Adsense market fails? What if Google fails?” Those fears lead me to always seek out a balanced diversity for all of my businesses. Adding a print publication to an online-only identity adds a solid amount of diversity to build overall value in your business should you ever decide to sell and also help you weather any rough cash flow storms along the way.


You work hard on your blog, writing solid content that you hope goes viral and gains a web of deep inbound links, retweets, digs, etc. When you put your magazine in one person’s hands there is a high probability of them “passing along” that copy of the magazine to a friend—especially in multi-occupant households. Why is this important?


Studies have shown that pass-along copies of magazines generate the same positive value in the hands of the secondary readers as the first reader, and that all readers share the same measurable action ratio, ie: one copy of your magazine will bring multiple new people to your blog and online efforts.


Each and every new small business startup needs some capital, and magazines are no different. Just how much do you need? As little as a few hundred dollars will work (not including your printing costs) to get your first issue on the streets and/or news stands. I started my first magazine on roughly $300. If you have your sights set on producing a higher end magazine, you will need significantly more, depending on what market you are entering and how big you are going right off the bat. Bigger is not always better here—this magazine is a supporting effort for your online business, so think light and fast.


You have solid computer skills which will benefit you here, as you won’t have to hire an office full of employees. The key is to do it yourself. Stay away from the urge to make a lot of noise (advertising, events, etc.) about your new magazine in the beginning. You have a computer, you own a camera, and you own Adobe Photoshop. All you need now is publishing/layout software. Adobe InDesign is the gold standard of magazine layout and costs around $300 online.


You probably have an idea of what type of magazine you want to publish, but from here you need to construct some basic framework. Pick a name for your magazine carefully. Make sure you are not stepping on anyone’s trademark by searching national trademark databases. Be creative: you can’t survive without offering something new to your readers in an attractive package, and for this, being creative is a necessity.


Your website’s domain name is also something to consider when choosing your name. Search for open domains that match your magazine’s name as closely as possible. It is okay to use a few pseudo-odd takes on domains for magazines, like magazinenameonline.com or magazine-name.com. Keep your targeted keyword in mind when selecting your magazine’s domain name.


Your website does not need to be award-winning right out of the gate; it just needs to be something professional that’s clear about who you are and what your magazine is about—or consider adding your magazine’s online identity to your existing website. You can always offer your web design company a service trade—they design, and you advertise their business both in print and online if you do not code your own websites. A website or some sort of online presence is an essential part of this process, though; do not skip out on this one.


Okay, you have a name and a website, what’s next? Figure out what you are going to include in your first issue by writing out an editorial outline. That’s a fancy name, but in reality, just write out what you want to feature, how many pages you want to devote to each item, and how many pages you want to stash away for ads (this will be dependent on how many ads you sell for your first issue).


How many pages should your magazine contain? Two factors are in play here. One is the cost of printing the magazine—obviously, it costs more to print a bigger magazine. The second question is: how much editorial can or do you want to produce? You do not need a 100-page magazine your first go around so, depending on what your competitors are doing, aim for around 40-50 pages for a local or lifestyle magazine and 90+ for a magazine you want to distribute on national news stands.


Contrary to popular belief, you do not need an army of journalists to publish your first issue. I have produced content for hundreds of magazines by myself or with the help of just a handful of people; it is simply a matter of putting together text and images that will occupy a predetermined amount of space.


Start with item number one on your editorial outline. Write your text first, making sure to follow basic guidelines for writing editorial (Google search it for tons of help). Have friends read the copy and get their honest opinions. Did you lose your readers’ attention at any point? Are your facts correct? Do you have any typos? Does anyone actually want to read this? What type of content that’s relevant to your niche has worked on your blog in the past? Could a version of it work in your magazine?


A picture is worth a thousand words—literally. People like pictures—big, colorful pictures and lots of them. Now it is time for the fun part. You own a camera, so get out there and start snapping. Make sure you are shooting in RAW or on a setting the produces 300 dpi images (every image in your magazine needs to be 300 dpi, no larger, no smaller—nothing comes off as more rookie than low-res photos in magazines).


Remember that if you have any people in your photos, you’ll need to get them to sign a “model release” allowing you to use their image in your publication. Your readers will quickly form their opinions of your magazine based on three things—your cover, your layout/design and your interior editorial images.


After you have knocked your editorial out, sleep on it and go over it yourself. Is it good? How many magazines have you seen that all regurgitate the same tired “electronics features” on iPhones, or some silly gadget that not many people care about? Lots. You have to have a new take on things if you want to see issue number 2, 3, 4, or 54.


Going back to my example of the local wedding magazine, you have to offer your reader new venues, vendors, and ideas that they have not seen anywhere else. Instead of writing about “How to pick your wedding colors,” think along the lines of “CityName’s hottest wedding colors for 2011? and include information straight from local wedding venues, with actual images and quotes from planners, brides and photographers. Never underestimate the power of putting someone’s name in a magazine!


New publishers often fall into the trap of just focusing on the creative side of the magazine and ignoring the sales. As an independent publisher, you have to wear both hats. Start by putting together a media kit for your new magazine. A media kit is a couple pages, printed out (on good card stock), that act as a resume for your magazine. It features all of the details of who your magazine is for, how many you print, your distribution tactics, what ad spaces you offer, how much they cost, etc. I have always lived by the motto that the media kit should look better than the actual magazine.


In the beginning, most of your sales will not be because of your media kit—this is just an essential tool to have that you can leave with prospective advertisers. I could go on and on about how to sell ads for new magazines but if you read it, you’d have to send me a pretty big check as that is closely held information by all in the industry.


What I can tell you is: start with a plan. Call on advertisers that make sense for your magazine. It is a waste of time to try and sell an ad to Budweiser if you are a new magazine that is about quilting—it’s just not going to happen. Put yourself in that business owners’ shoes: would you consider buying the ad space? Back to the wedding magazine example, go and see all of the local wedding venues, planners, photographers, cake makers, dress designers, etc. Include a vendor directory in your magazine and offer inclusion in that directory at no extra charge for all new advertisers.


Now is not the time to get rich quick. You want to sell ads to pay the bills, and hopefully recoup your investment and promote your online business. That means pricing your ad offerings in reality. For an idea of what reality is, try and find out what similar magazines in your market are charging. Do not go too low on your pricing however. Believe in the value of your magazine—giving it away free almost guarantees future failure.


I know of one magazine that just kept throwing money at itself, starting in new markets without first being profitable in one and, to appear successful, they gave away their ad space for free. A couple years later and it is common knowledge in the media buying industry that no one pays for ads in that magazine, ever. If a potential advertiser says they want the space for less than you want to sell it for, pass on them politely and come back to them in a few months, when you can prove a stronger value to justify your rate card.


Most importantly, offer value to your advertisers. There are a gazillion different ways to do this, but it all starts with you delivering a strong, readable publication on time. The old under-promise and over-deliver adage works well here.


It’s crunch time! Layout is hardly ever pleasurable. The first issue of a magazine I ever designed took me about 72 hours of work with about six hours of sleep in that period—not exactly what I call an awesome time. Make sure you know how to use your software before you need to start laying out your publication.


If you flip through a random magazine here and there, you will notice that a lot of them have an inconsistent layout throughout the book, meaning that the fonts and styles change every few pages or every story. If this style appeals to you, knock yourself out—just know that it is not a good practice to follow. You need to aim for a balanced flow with your layouts and a consistent overall look. The first page of content should look similar to the last page, and don’t stray too far in between.


Use a text font at or above eight points in size, and never smaller. Don’t forget those pictures: use lots and lots of pictures! Get into Photoshop and clean your photos up. I have spent at least 60 seconds with every photo I have ever placed in a magazine layout—it is a crime to run photos with zero post work done on them.


What you need to do is end up with a PDF file for each page of your magazine that you will give to your printer. Name each file in a standard way, e.g. p01_NAME.pdf. Covers will be labeled C1, C2, etc. You will have the option to view proofs of your files before your printer fires up the press to start your job (a big chunk of what you are paying them to do). Always look at every proof of every page; once it gets put on a plate and starts laying down ink, you are locked in.


Make sure you are happy with your printer. Do some research, talk to all of your local printers, and get quotes. It is tough to do but I have pulled it off many times—you can offer your printer one full page of advertising in the magazine for a discount on printing. Always control costs. I recommend getting your finished magazines carton-packed rather than skid-packed and wrapped in plastic, as this practice guarantees a percentage of waste as the magazines on the outside of the skid aren’t protected.


If you are starting a magazine that will have National or a large ranging distribution, head straight to one of the two major magazine distributors. I won’t name them because they, in my opinion, make it very difficult for startups to get in the game. I will leave it at that.


If you are starting a locally distributed magazine, read on. Yes there are services that offer to distribute your magazine for you, they will do a poor job and charge you and arm and a leg for the privilege. Distribution is paramount. If no one sees, picks up or reads your magazine then it is just a waste of time, money and trees. A major part of your focus should be dialing in the best distribution strategy possible. Do not just toss magazines in front of stores, offices, bars, etc. and expect them to take the time to place them out in a neat fashion – they will end up in the dumpster out back. Do your own distribution. Personally ask permission from each distribution spot, not only is this the right thing to do but it is a great way to get your name out there and meet a few potential advertisers and/or clients for your online business.


The process never stops in the magazine game; it is a fight at all times. There will always be strong competition, new people looking for their share of a market and times where you feel like you are the only person that reads your magazine. But if you do not fight at all, it’s a guarantee that you will not win. There is a special satisfaction for standing on the end of a large printing press and peeling back that cover for the first time. Good luck!


Byline:


Deidra Wilson is a Las Vegas wedding photographer and has a background in small business and publishing magazines. You can check her out on Twitter where she posts about her life as a photographer in the desert she calls home.


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Saturday, September 17, 2011

7 Steps to blogging goals that stick

This guest post is A Daring adventureby Tim Brownson of.

I suspect that all the technical information that you may ever need to be a successful blogger out there in the public domain. If that is the case, why do the vast majority of blogs fail when it comes to providing the owner can live on an income that make them comfortable?

Dreaming goalsCopyright Mark Aplet-Fotolia.com

First, I think a lot of bloggers psychological side of blogging grossly underestimate the and what is necessary in order to get their head in the first place.

Secondly, some bloggers who I speak to start with a real plan or purpose to keep them on track if and when things don't go according to the expectations. They just take a dip in the process with no real idea of where it will take them.

Today I want to show you a seven-step process for goal setting that will exponentially improve your chances of success with your blog.

You may be familiar with the smart method of goal setting because it's been around for decades. Bear with me, but if I expand on that process and way cooler and more usable for you — and much more likely to help you succeed.

Just in case you are not familiar with SMART, I'll give it a quick go through.

Is your target is specific enough that someone else can read and know exactly what you mean? A goal of having a popular blog fog this aspect, because it is too vague and subjective.

I have a popular blog, but if I gave my readers to Darren and took his in Exchange he would quite unhappy with the deal — he has about 40 times more than me.

"Owning a blog with at least 5,000 subscribers who earns $ 500 per month from AdSense" is the type of destination that this element nails.

The last example, you can at any point in time where you are in your plan. If you have, you're halfway there. 2,500 subscribers If you earn $ 400 a month, then you are 80% of the way to that goal. Have measurable goals is important to keeping your motivation and for you to know if things work or not.

Requires a target, if it is to be a real purpose, input in a particular form of you. in other words, you need to act and actually do something to make it happen. Lying in bed lot of people are buying your ebook that you have not yet promoted properly is not an end — it is the desire or a dream, and it is almost certain to fail miserably.

I'm not big on this aspect of the SLIM method, because unless something physically or scientifically impossible is, it is still realistic.

As Darren had told people eight years ago that he was planning on starting a blog and ProBlogger by 2011, he might have 150,000 subscribers and be one of the top 2,000 Web sites in the world according to Alexa, people are lining up to tell him that he would have that was unrealistic.

He was not, so don't worry too much about realistic. Understand there is a huge difference between something very difficult and impossible. Landing on the Moon was very difficult; landing on the Sun is impossible (unless you go at night!).

This is probably the most under-appreciated element of smart goals. Without a time frame targets have a habit of slipping.

Most people are are in the process and, as such, react and respond to events. So, without an end game in sight will always be there for you attention to more pressing issues.

There is a big reason why people work more efficiently to deadlines. It's because the brain starts a mini fight-or-flight response, allowing them to focus even more efficient.

Okay, so that is the traditional model and it's all well and good, but I want to help you to make your goals even more effective by turning SMART in smarter.

When you're setting goals you are aware of the impact on you and those close to you. So you want to be a problogger and plan so many hours long as needed to achieve that?

How will that affect the relationships with your loved ones? How will it affect your social life and your health? How will you pay bills if you build up your next?

The answers are not reasons not to try, or to exit before you begin. But they are things that must now be taken into account, so they don't stumble you further on the road.

This is the really big as far as I am concerned, and it is the thing that so many people miss it or just don't get it.

What is your reward for having a successful blog?

I'm not talking about money here: I'm on a deeper level than that. We are talking about values and what is of fundamental importance to you at the level of your identity.

What drives you really? If you think that money, what gives you that money? Maybe it's freedom, peace, security, meaning, or you may want to leave a legacy.

It doesn't really matter what it is, as long as you know. This is what comes to motivate you if and when things get tough.

If you can't with a reason that will get you out of bed at 5: 00 excited about the day ahead, then there is a high probability that you will burn out sooner rather than later.

I am a Life Coach as an example because I love helping people. I don't earn as much money as I did when I worked in sales, but I way happier and, more importantly, I'm know why I do what I do. Do you have?

Professional Life CoachTim Brownson is a, NLP Master Practitioner and published author. He runs the A Daring Adventure blog where he writes about self-development. If you have a free copy of his book How can I set goals that work? Click on the link.


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Tuesday, September 6, 2011

Ten Steps to Building College Reading Skills

Ten Steps to Building College Reading SkillsPreview: This is the best-selling account of the martyrdom of Jim Elliot and four other missionaries at the hands of the Auca Indians in Ecuad

Price: $41.75


Click here to buy from Amazon

Tuesday, July 19, 2011

RAMIT Sethi: I Will Teach You to earn money (In 6 steps)

This guest post is by Michael Alexis, producer of WriterViews.com.



They thought that I cared about making $300 or $500 a month. Honestly, I didn’t give a damn about that.
– Ramit Sethi, iwillteachyoutoberich.com


How many of your readers tell you that you have to monetize your blog? Do they call you crazy when you don’t? After three years of giving away free content, these are the exact comments blogger Ramit Sethi was getting from his readers. So, he surveyed his audience and from the results started developing systems and processes to monetize. After all, when you call your personal finance blog, I Will Teach You To Be Rich (IWTYTBR), you have a lot to live up to.

Ramit Sethi Ramit Sethi, used with permission

Since then, Ramit has leveraged his blog’s popularity to display ads, run profitable courses, and launch a best-selling book. I invited Ramit to do this audio interview to find out exactly how he grew his blog, inspired the kind of readers that begged him to sell to them, and monetized in a way that creates lasting value.

Here, I wanted to explain the specific strategies Ramit used to monetize IWTYTBR, and spans from his earliest trials with display ads, to his recent success with video courses.



If it’s not going to cover my rent, then why do I care?
– Ramit Sethi, on why he doesn’t use display ads any more


Ramit suggests a wholesome approach to making money from blogging, and that means starting by truly understanding the world of monetization. Research the options, try out a few of them, and realize that your first three or four attempts are probably not going to be the level of success you want. Your options include ads, products, speaking, consulting or coaching, and they each have both direct and indirect costs.


For example, despite Ramit’s friends at Google saying all his traffic was going to waste, he didn’t want the negative perception that comes with display ads. When his friends persisted, Ramit decided to survey over 1000 readers and asked if they minded him testing some unobtrusive ads. With 81% of responses being yes, he experimented and found ads only brought in a few hundred dollars every month. So he stopped using them—it just wasn’t interesting money. In Ramit’s words, “If it’s not going to cover my rent, then why do I care?”



I’ve always been a big fan of building value. Giving people 100 times before you even ask them for anything.
– Ramit Sethi, on building relationships with your readers


You know how some people are obsessed with SEO? Or getting the design of their subscription box just right? Or making their “buy now” button orange? Ramit’s obsession is providing so much value to his readers that they keep coming back for more. How do you create value with that kind of gravity? On a personal finance site, value means getting visitors to a post detailing step by step how to call their credit card company (with scripts and everything) that make their fees just melt away.


Ramit says when you show people how to get big results in a short amount of time, they become readers for life. How can you create that kind of value for your readers?



Honestly, that was one of my biggest fear moments in my entire blog career, because I was petrified of charging for content. I thought that people would not pay, and they would think I was selling out. I was legitimately afraid.
– Ramit Sethi, on how it felt to launch his first product


Maybe your first go at monetization will be a course, or an email subscription list, or affiliate links. Ramit did a collaborative ebook with a bunch of other bloggers, got it professionally designed, and called it Ramit’s Guide To Kicking A**. They sold it for $4.95. Sounds okay, right? A few vocal readers didn’t think so, and said things like “Ramit’s jumped the shark” and called him a sell out. Some of those readers even said they’d never come back to his site.


For $5.


Ramit expected to sell 100 copies in the first year. What do you think happened? He sold over 1000. That’s when he realized that people are willing to pay for value, despite the few outliers complaining about everything not being free. Ramit thinks of this as his turning point, “I realized there will always be people that complain and freeload”. Focus on providing great value for your real target audience. The readers who are engaged, willing to invest in themselves, and actively looking for solutions.



When the economy tanked in late 2008, nobody cared about investing. All they wanted to read about was how to save money.
– Ramit Sethi, on why he created a subscription product for money saving tips


Sometimes the information your readers are looking for isn’t what you usually write. Be flexible. Knowing that the world had recession on the mind, Ramit created a 30-day plan to save $1000. On day two the Wall Street Journal and MSN started writing about and linking to his series. With a huge influx of traffic, it was time to monetize.


Ramit’s friend Erica Douglass told him, “just make a subscription program, put it in an email, and have people sign up for one tip a week”. He called it The Scrooge Strategy and sold it for $8 per month. Hundreds of people signed up. What could you be writing about that your audience will pay for?



We collected 50,000 data points. So we know precisely what is holding people back, what is really helping them earn money on the side, and we used some very sophisticated psychological techniques to build a product that’s a leader in its space.
– Ramit Sethi, on how he developed a course about earning more money


Should you price your ebook at $9.99 or $14.99. It doesn’t matter. Make your products extremely detailed, and don’t show them to anybody. Visitors to Ramit’s site can’t even buy a product until they go through an extensive funnel – over twenty five pages. During those pages readers learn to identify a freelancing opportunity and find paying clients. Ramit says “I try to get them to make the cost of the course back before they even see the sales page.”


Another key is being really clear about who you want and don’t want as a customer. That’s right—there can be customers you don’t want. On IWTYTR, those people are the ones whose first question is “how much does this cost?” because they are obsessed with cost and not value. There are even people that Ramit refuses to sell to. He tells potential buyers straight out that if he finds out they have credit card debt he will refund their money, and they won’t be allowed to buy anything else.


Ramit’s ideal customer? Someone who says “show me three others like me who used your techniques to earn more money on the side”. Who is your ideal customer? How can you make your product pay for itself?



If someone came to me and said, ‘here is a really sleazy way to make $25,000?, I would turn it down in a second. If someone came and said, ‘send one email and I will give you $10 million’, I’d think about it. Everyone’s got a number where it gets really difficult.
– Ramit Sethi, on tempting offers


When you run a popular personal finance blog, all kinds of people want to pitch your audience. People selling investment products. People selling income opportunities. Don’t sell out. With IWTYTBR, Ramit isn’t building something that will just make money today, but that will be of incredible value tomorrow, next year, and 10 years from now. When you’ve worked so hard to build a relationship with your readers, there is no price you can put on their trust. Don’t sell out. It’s not worth it.


As we finished the “how to make money” part of our interview, Ramit shared one last thought. He told me “it’s important to think really long term, and think about your values. Do the right thing with your readers. Offer incredible value to your readers, and you will make more money than you can ever imagine.”


Michael Alexis is the co-founder and producer of WriterViews, a daily video series where accomplished writers share their tips, strategies and stories. Learn more about him here and follow him on Twitter at @writerviews.


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