It was hard to argue against Milton Friedman when times were good, but now that the middle class is suffering (not to mention the poor but the poor always were and always will be poor & miserable), many people are starting to take another look at trickle-down economics.
Man is greedy and will always look out for his or her own interest before anyone else’s; Milton Friedman understood this very human trait only too well and developed a theory around it which won him a Nobel Prize for economics. “Greed is good…” Gordon Gekko, the fictional inside trader tycoon from the 1987 film ‘Wall Street’ said, echoing Friedman’s philosophy and it is in fact the driving force of a free market system – greed & competition. I agree with 90% of trickledown, free markets, and competition – oh yes, and even that ugly human thing – greed, which we can use for the benefit of society as a whole. Scenario: I do well, I create jobs, the people I hire do well and they create jobs, ad infinitum and then trickle down (I mean gushing down). This makes sense and it truly works, however not always.
I love the free market system and it works like magic when you are selling lampshades, cars, computers, etc. The problem exists down on Wall street; the successful traders or “Masters of the Universe” are just hoarding, buying yachts, and not creating jobs – not to mention derivatives, insider trading and cheating. Rather than Friedman’s theory, I’ve always liked John Maynard Keynes more. I agree with the late Mr. Friedman in terms of free enterprise; however you MUST have some form of regulation, which is why I and President Obama put more stock into Keynesian economics.
Trickledown that ought to be gushing down if it were executed properly doesn’t always work in real life. When something catastrophic happens, such as the real estate burst, or the dot.com bubble, etc., the government needs to pump money into certain markets and bail out i.e. banks so we can get the well – oiled and finely tuned economic free market system going again – Keynesian economics. Yes, let the private sector do it’s magic but when there’s a recession, we NEED help from the government, a stimulus plan,which is exactly what this administration is doing as well as trying to trim the deficit.
It’s not only Wall Street that caused this mess e.g. I can get into supply and demand, markdowns, surplus, lack of consumer spending, economic cycles, high unemployment, the miserable poor, and a plethora of other economic variables but I just wanted to here in this blog – drive home the point that government spending is not a bad thing and point out that Mr. Friedman’s theory is almost perfect, but not quite.
So, WhaDaYaThink ? What do you Think? What are your thoughts on Keynesian economics or do you still hold on to the tenets of Milton Friedman?
It was hard to argue against Milton Friedman when times were good, but now that the middle class is suffering (not to mention the poor but the poor always were and always will be poor & miserable), many people are starting to take another look at trickle-down economics.
In the 1950′s, 1960′s and 1970′s was the beginning of the growth of technology that eventually created the mobile phone, computer, internet, and GPS, it was government funded university research; the military funded Military Air & space programs and NASA that originally fueled these industries. These technologies would have never been fueled by private enterprise most of the tough specifications required funding that might be considered too risky for private enterprise. These early stages of development and success created in industry and system of venture capital investments that snowballed the process fueling the exponential growth in the 1980′s 1990′s and early 2000s.
We are using everyday products that were created during this time that we only read about in Science fiction novels / movies and television shows. Who would have thought that more than 3 Billion people are connected everyday via the mobile phone or that 1/6 of the world’s population can communicate on an internet device daily via Facebook. These were all created by the process explained above not by just private enterprise but by government programs and private enterprise working together sometimes not even knowing it, but working together all the same.
We are currently stuck in neutral and need other program(s) like these to fuel the next innovation and growth boom. Private enterprise can not create this alone, we need to have programs that to some seem unprofitable to fund technologies that might seem way too risky for the private investor. Government programs can fuel economic growth as they did in the past. Private enterprise and small business alone can not drive economic prosperity in the USA. Private and public enterprises all demand a profit, and shareholders today wish to see that profit in months not years or decades. Government backed or generated programs are not in it for the profit, the programs should be designed to fuel new unproven technologies. Some will fail,but the successful ones will create new markets and business’s we have never even predicted.
Austerity and Cutting of spending will only lead to more economic uncertainty. Fighting with China for their low paying jobs is a losing proposition. Putting tariffs in place will not work. The Low paying jobs that went to China will not come back; we need to focus on what will work here now. Focusing on high tech alternative energy and technologies, New ideas fueled within the university system. Aerospace, Military and NAS programs. if we expand H1A Visa’s foreign students who get their degrees here in the USA will actually stay and work here innovating HERE not in China or India or Japan, Korea. It will be these students and our own kids who will create industries that we don’t even know about or can imagine yet. Making it easier to manufacture here with minimum restrictions and regulations and low Business taxes will make it more attractive to actually innovate here then keep the manufacturing here and not ship it to Contract Manufactures in south east Asia.
Whomever is the President in January needs to work with the congress and get this economy out of the mud and make this country a powerhouse of innovation and prosperity for all. That in my opinion is the most important issue. I have not heard from either candidate a solid action plan that will really create these opportunities. What happened to accountability? What happened to actually holding these guys to a standard of telling us exactly how they are going to get it done. Where is the plan? I have only seen fluff and meaningless vaporware.
Nobody is naïve to the fact that wealth creates more wealth and it’s IMPOSSIBLE to get a business venture going if you don’t have some money to invest. I don’t mind real entrepreneurs and legitimate rags to riches business people i.e. Steve Jobs or Warren Buffet giving advice, but this woman has no business opening her big fat mouth, especially in this economy. I have nothing more to say about this woman, I have nothing but contempt for her.
So what do you think ? WhaDaYaThink ? BTW, a friend sent this link to me written by the incredibly privileged Gina Rinehart
With the summer season winding down to days of humid torpor, comes a spectacle that only fanatical sports fans can understand. Pro football starts its annual frenzied extravaganza. For millions of fans the next 5 months is the only meaningful time of year. All the hype and buildup of training camps is over and now the real deal begins. Television has been showing a numbing array of preseason games that are mostly ignored except by the most die-hard fanatics, and an even more puzzling lineup of announcers unknown to most people. If you watch these games notice how empty the seats are. Ex jocks,station sports guys and dubious sports celebs revel in calling these games. This obviously is their time to shine.But woe to the poor fan who has to endure their inane, repetitive chatter. In most cases, their home team favoritism is embarrassing even to the most die-hard fan, and please learn how to pronounce players names.
In addition, this does not include the obligatory sports chick reporter. Above all this is an insult to every true fan. They appear to be chosen for their their looks, at times debatable, their ability to engage in inane chatter, and give the impression to the fan they really care about the game. They usually conduct interviews from the sidelines with players who seem to take it with complete lack of interest or slightly disguised humor. Or at times give the impression they just wonder what the reporter looks like with no clothes on. Reporting breathlessly on the latest injury or seizing a coach running into the locker room just before halftime, they barely justify the fact they are on the field.
[ watch Bill Belichek, Patriots Coach react to a pre halftime interview]
The idea that they can take themselves serious, never mind the poor suffering fan watching is hilarious. Not that their male counterparts are any better. Some of the biggest idiots in sports broadcasting are thrown at the public week after week under the guise of of pro expert. Retired from pro football, no matter, you are now a football expert, even if you cant speak intelligently. Have you ever seriously watched E.S.P.N.with a critic’s eye? where do they get these people? I dare you to tell me that such personalities as Suzy Kolber, Tray Wingo, or Skip Bayless knows more about the game than you do. In addition, the constant commercials, every 5-6 minutes bombard your senses to a point of dull acceptance, enough to go back watching Skip Bayless analyze anything of no real importance. Yet they do it with the sense that would suggest they are omnipotence. Stating the obvious fills about 20 minutes of a half hour show the rest are commercials. Admittedly they are clever at their presentation;some would say they are good at what they do. But what do they do? Does it justify your watching? Evidently the networks think so.
It is a mind numbing. hypnotic, gambit designed to keep you glued to your easy chair waiting for the games. And who knows some may find Suzy Kolber’s smarmy, yet coy demeanor appealing. Her condescending attitude is designed to make you feel she is all knowing, or at least more than the poor dummy watching. The fact that she is just a ploy or even more unsettling, eye candy for some is disturbing and an insult to intelligence. Her appearance is supposed to make you keep watching. Picture thousands of fans in front of their TV’s screaming,”WE want Suzy”. Honestly, I have never ever met a fan who said they watched a game because Suzy Kolber or Pam Oliver was on the show.
At this point I am stating I am not anti-feminist. It is just that if you accept the job you are open to the criticism that goes with it. Especially if you are there for the wrong reason. However, the networks insist that is what the public wants.I am inclined to believe that is what they think that’s what we want.
Sports announcing can be a very well paid job, the industry averages run from $28 to $210 thousand per year.Of course the big boys get a lot more. Some examples are Chris Berman $3 mil per yr., Terry Bradshaw $2.2 mil per yr. and Al Michaels $5.0 mil per. yr. E.S.P.N. does not publish salaries so you can only guess what your favorite sportscaster is making vs. what he or she is worth.The great thing about American sports is that everyone understands the average fan knows more about the game than the clown broadcasting. So why the hell don’t I have that job? Finally, this comment from Mike Ditka, ex player, coach turned broadcaster, “What’s the difference between a 3 week old puppy and a sportscaster? after 6 weeks the puppy stops whining”. Well the football season lasts a lot longer and these guys just ain’t gonna stop.
Whadayathink? turn down the sound or watch Turner Classic Movies
NBA Reaches A New Labor Deal: 1. Good News is it May Set Precedent For Future Dynasties 2. Bad News is Players and Owners Still Make Too Much $$ – Part 1November 27th, 2011 by Michael Tabor
The NBA season will be shortened from 82 to 66 regular season games, which in my opinion is more than enough since unlike baseball, and very much like hockey, the post-season is interminable. All the papers, the internet, and other news sources have declared that the owners have come out on top in the negotiations and are clearly the big winners over the players. What makes the deal so attractive to the owners is the fact that the NBA is already a $4 billion dollar a year industry and now with this agreement, the owners have slashed player salaries by 300 million dollars. Included in the plan are new restrictions on contracts and team payrolls. What this means in plain English is the owners will have gained 3 billion dollars over the life of the 10-year agreement. BUT – don’t feel sorry for the players, they will have their millions of dollars – they will earn more $$ than 99% of any of us hard-working middle class folks. What the news neglected to mention is the the consumer or fan. I was utterly shocked and appalled that there was no mention of the obscene cost to see a basketball game. Sure one can buy a ticket and get into Madison Square Garden to see the Knicks play for a little less than $100 but you will literally be seated in the last row. Believe me, you’re better off watching the game on TV; watching a basketball game is only good if you have front row seats (not unlike boxing or MMA) and unless you’re willing to pay $2,000 – $3,000 you can forget it. (Tomorrow I will blog about what we fans, the average American citizen, can do to strike back against the spoiled overly privileged athletes and the unspeakably filthy rich owners.Incidentally basketball is not the only sport that overcharges. Football tickets cost hundreds of dollars and even baseball tickets are alarmingly high-priced. )
Also as part of the agreement, the league will allow the best teams (& invariably the richest teams – I know there are exceptions but…) to keep their superstars and even acquire new talent. This is actually good for everyone: fans, players and owners. Everyone wants parity and the league to afford an opportunity for a small market team to make it to the “Big Dance.” However, fans love dynasties! When sports fans talk sports they always reminisce about the great sports dynasties, no matter what sport it is, e.g. the Chicago Bulls led by Michael Jordan from 1989 – 1998, the Los Angeles Lakers with Kobe and Shaq from 1999 – 2004, and in baseball, love ‘em or hate ‘em, the New York Yankees from 1996 – 2003, etc. (In another blog[s] I will write at length on the topic of sports dynasties).
So yes, the NBA was smart in being ever so mindful of the fans love for dynasties. The problem with football now, is the fact that there is just too much parity. When a football team becomes great, ultimately it must be broken up because as logic follows the stars demand more money and the team is unable to keep every key player because the franchise will go over the salary cap. How many super bowls do you think the Dallas Cowboys would have won in the 1990’s if there were no salary cap? Dallas went on to win 3 Super Bowls with Aikman, Irvin, and Smith but as we all know, football is a team sport and though the Cowboys were able to keep the three aforementioned superstars, they lost most of their unsung heroes. My guess is that if the Dallas Cowboys were not burdened by a salary cap, they may very well have won the big game every year in the ‘90s. (I know the Patriots won 3 Super Bowls with the cap, which makes their success all the more remarkable). So who knows, maybe this bit of wisdom about dynasties may migrate from the NBA to the NFL.
So whaDaYaThink ? What do you Think ? Do you side more with the players or with the owners? I personally stand by the fans and I think both the athletes and the owners ought to be ashamed of themselves; making obscene amounts of money in this dreadful economy. The headlines ought to have read something akin to “Players and Owners Reach Deal: Owners Will Make More Money Than Ever and the Players Will Still Make Tens of Millions of $$; The Cost Will Be Passed On to The Fans As Usual” It’s time for the fans to strike back and boycott most spectator sports (not all, i.e. MMA fighters literally risk life and limb for a fraction of what A-Rod makes). I know this is and always has been an issue of supply and demand , however, with the pinch of this economy and the shrinking middle class, it seems as though only celebrities and the affluent can see the games in person See you tomorrow.
I purposely began with our being complacent (again, I am not talking about individuals, there are people who have worked just as hard as the old-timers have – I’m referring to the whole mass or aggregate number of people.) because what I’m going to blog about today perfectly logically follows suit.
The number of people attending, finishing, and earning a college degree (though watered down – another blog) has actually increased and therefore we have a more educated population than we had at the time of the golden era of postwar prosperity (1945 – 1973). So what happened? We are more educated than our parents are (as I stated in yesterday’s blog, my father raised a family of six and carried only a high school diploma) doesn’t it stand to reason that we should continue to prosper and perhaps even enjoy more fruits of our labor?
Look at my first paragraph and read yesterday’s blog and therein lies the answer; we have become more educated BUT so has the rest of the world AND – this is new – the rest of the world (especially China and India) have earned advanced degrees in SCIENCE, TECHNOLOGY, and ENGINEERING. You simply cannot go wrong if you pursue science, technology (IT, computers, etc.), and engineering.
Students from Asia come to this country, we educate them (in the sciences, technology, and engineering) in our best colleges and universities, and then they go back home and build up their country. They build infrastructure and create jobs at an exponential rate far surpassing the United States because they earned advanced degrees in SCIENCE, TECHNOLOGY, and ENGINEERING.
Well, why didn’t we think of this? Why didn’t we major in S.T.E. ? Answer – because it’s incredibly hard work – plain and simple. Everything is cyclical; we majored in sociology, psychology, film studies, the arts, etc. because it was fun and easy. We weren’t concerned about putting food on the table and feeding our family like the rest of the world was, so we majored in sociology. Trust me, a bachelor’s degree in sociology and a token is just enough to get you on the subway.
So WhadaYaThink ? What do you Think? Hey, I majored in Journalism, do not get me wrong it was no cakewalk, but it pales in comparison to science, technology, and engineering. What happened to us is just human nature; we weren’t starving, we got complacent and most of us got a liberal arts education. I used the word cyclical in the last paragraph because it’s apropos. We have to suffer a little, and then get back on track. If you don’t want to ever have to worry about getting a job, then get an advanced degree in SCIENCE, TECHNOLOGY, and ENGINEERING. The liberal arts are important and we need them. Besides, if you major in computer science, there will obviously be a concentration in that area, however every college will also mandate that one earns at least 60 credits worth of liberal arts and studies in the humanities. If I were to do things over, would I major in journalism? Absolutely! But I would have a double major – Science/Journalism. I would have to work my tail off and I’m sure I would spend every moment studying, but at least I wouldn’t have to worry about money or landing a job. What do you think ?
Young, educated, and unemployed – What? You are 25 years old, you have A Master’s degree, and you don’t have a job? I know it’s cold comfort but you are not alone. Unless you come from old money and are well connected, the aforementioned – young, educated, and jobless is a chilling reality.
After World War II and at the height of the baby boom, America was truly the land of opportunity; a college education was for those ambitious folks who were not content with being just middle class. If one had a B.A. or a B.S., he or she was not only assured of a job for life but also more often than not guaranteed to be a mover and shaker. Now a bachelor’s degree is tantamount to having a high school diploma back in the 1950s or not even. My father had one job his whole life and was able to support a wife and 6 children. No, we weren’t rich, but my mother was a housewife, there were 6 mouths to feed and my father never went to college. The point is we were okay.
The United States of America was number one militarily and economically (we still are the only superpower militarily, however our economy, as if I need to even mention it is slipping and sliding since 1973). There were jobs to be had and not just service jobs, we manufactured things back then; now everything is made in China. This country has had it made (we can go back to the early nineteenth century with the onset of the industrial revolution) for so long we have invariably become spoiled. Furthermore, not only have we become complacent, we now live in a global economy and The U.S. is no longer the only player in town.
Well one may ask himself – how could this have happened to this once great economic power? Certainly, this didn’t happen overnight. There is a plethora of reasons but for the sake of this blog, I will concentrate on just one – complacency. Yes that’s right we have become complacent. We no longer have the work ethic, which our parents and grandparents had (clarification – people born before 1940), and we as a nation are only now coming to the realization that we are not entitled to anything more than life, liberty, and the pursuit of happiness. In other words, we can have the good things that life has to offer (especially in this country, which is profoundly rich in natural resources) but we have to work hard for everything. Mommy and Daddy can no longer afford to buy Johnny or Suzie a BMW just because he or she graduated from high school.
I will touch on other factors, which we can attribute to our current woeful economic situation. However, first we have to come to terms with the notion and acknowledge that we have become lazy and spoiled. (I am not speaking about every individual here; I am speaking of our country as an aggregate.) The rest of the world has endured a 20% unemployment rate since time immemorial; now in this global economy, the U.S. is just now getting to know how it feels. And to mention third world countries where there is not even enough food to go around – well that’s a whole other story.
So WhadaWeThink ? What do you think? I will be blogging a lot more about our economic problems and the reasons we are here now. Complacency and the fact that we live in a global economy are just two reasons. There are dozens more. What do you think ?
This blog is going to have many quotes by virtue of the fact that that Steve Jobs was a genius, an entrepreneur, a man who studied Socrates, an obvious visionary, and a huge mover and Shaker who made a lot of money. People who possess the aforementioned attributes are listened to, taken seriously, and are often quoted – Why? Because in a nutshell we want what they have and what Steve had (not the pancreatic cancer, of course) and by studying him and memorizing his quotes we will be taken seriously and who knows perhaps if one is a good student , we ourselves may acquire some of the great things Jobs had. “R.I.P. Steve Jobs. You touched an ugly world of technology and made it beautiful.” A twitter user quoted. (Not only is Jobs quoted but even the people who talk about him are quoted.)
Let’s take a look at some of the things Steven Jobs accomplished:
Steve was not your suit and tie business guy, though there are pictures of him with a tie, as soon as he had the power he shed the corporate look and supplanted that wardrobe with jeans, sneakers and a casual shirt. He sometimes would walk around the office barefooted. Mr. Jobs was after all a hippie at heart and a true San Franciscan – and yes he was a practicing Buddhist and indeed he experimented with LSD which he boldly went on to say that the experience of altering consciousness with this drug forever changed his life for the better. He even proclaimed that ingesting LSD was actually two or three of the most important things he had ever done with his life. (Experimenting with hallucinogenics, such as LSD and mescaline, was not uncommon amongst intellectuals and visionaries. The great Aldous Huxley, author of” Brave New World” (1932), consumed mescaline and had written an incredibly thought-provoking book about the experience – “The Doors of Perception” (1954).
“Innovation has no limits. The only limit is your imagination.” Steve was as innovative and visionary as they come. He was very interested in the look of his products – not only did his products have to be efficacious but they also needed to look good and have style; Jobs was prodigiously interested in taste. “There is no shortcut to excellence.’ Steve perhaps was stating the obvious, but this is a hugely important quote because I think it’s what young people of the United States suffer from today – instant gratification isn’t quick enough. I want it now! I’m not going to medical school, it’s 12 years of my life and I won’t make a dime until I’m 30. Well, I think we all should try to be more patient and remember that Rome wasn’t built in a day; we ought to practice delayed gratification and view it as a profound virtue. (I know, I could die tomorrow and what’s the point of going to school and not reaping the benefits. True, nothing in life is guaranteed and people die before they even have a chance. But when you’re dead you are dead and what if you don’t die?)
I’m paraphrasing here but Jobs stated that we, as Americans are always taking things – the food we eat is not grown by ourselves, we speak a language that other people already developed, almost everything we possess comes from the blood, sweat, and tears of others. (I mean we pay for these things if we’re not criminals, but you know what I mean.) He went on to say that creating something new and adding it to the pool of already existing human experience and knowledge is the greatest feeling in the world. And, I personally think he unveiled the secret of happiness and a good life. Giving, helping others, and making a difference. As the title of the blog says: We’re here to put a dent in the universe.
Oh, there is so much more to write about this incredible man who was only alive on this planet for 56 years. The tears are starting to come and I just want to say, wouldn’t it be wonderful if we had Steve around for another 20 or 30 years.
Finally WhaDaYaThink ? What do you think? I will end this Op-ed obituary and blog with a statement from Steven Jobs and Apple’s archrival, Microsoft’s Bill gates when he heard that Steve passed away at the age of 56. “For those of us lucky enough to work with Steve, it’s been an insanely great honor. I will miss Steve immensely.” God bless Steven Jobs, R.I.P.
So WhadaYaThink ? Is it too good to be true? I look forward to all your comments.
This is an honest blog about how money is earned blogging. If the only reason you started blogging was to make a lot of money quickly and easily I must sadly inform you that blogging is not for you. 99.99% of bloggers do not make money but then again they are not producing very good blogs. I am going to say this now and repeat it because it is the truth and the only thing that works is – content. Content is everything!
I am 6 months into my blogging career and I can now honestly say that no I am not raking in the bucks, however, I am at a point where I can see the light at the end of the tunnel. I will probably never be rich, however one can never tell, and I will make enough money to make a comfortable middle class living. Though I am not The Pioneer woman, (she makes more than a million dollars just blogging and her secret is – Good Content. It is a Suzy Homemaker blog and it is not for me but I admire the aesthetically pleasing site and the quality of the content that is accessible, fun, and rife with information. ) yet, within 2 years I should be making half of what she makes.
This is my first blog about how I make money off blogging but there is a certain percentage of individuals who do nothing but give very often bogus advice, tease you with bits of informational profit-garnering techniques, and then ask you to purchase their secrets to success. Stay away from those people –please do not waste your money on these bogus “secrets”. All the information you need to know to get going is free, the only expenditures will be the products you need to run your blog, marketing and key word search, etc. The beauty of blogging is the start-up cost is minimal and if you do everything correctly your first year investment should be no more than $1,500.00. (I have made all the mistakes an individual can possibly make and already spent around $5,000.00. I will tell you about my mistakes and how to avoid them.) So steer clear of so called “blogging gurus” who take your money and give you nothing you couldn’t find on the internet here or anywhere on the web for nothing. THERE ARE NO SECRETS – only blogs with good content.
I cannot emphasize how important it is that you begin blogging for the right reasons. I started blogging because I love to write. I went to school for journalism and unfortunately spent 25 years of my professional career doing everything but Journalism. I was a recruiter or “headhunter” for many of those years and I loathed it! Now I look back and seeing the success I am having has a professional full time blogger, I regret not having persevered in the field I love so dearly – writing. So if I won the lottery or inherited a large sum of money, I would continue to blog every day. This truly is a dream come true and I consider myself unspeakably fortunate.
Let’s get started – Choose a niche
I made a mistake right from the get-go by one, not picking a niche and secondly which is what one has to do to after a niche is found is pick a domain name. I went 0 for 2. I am managing to eke out a living because the content (there is the only secret word again – content) of this blog is so good, otherwise I probably would not have earned a nickel. I know it is possible to do what I am attempting to do, which is cover everything under the sun, the very successful Huffington Post does just that. However this blog -whadawethink.com is a husband and wife team and Arianna Huffington, the creator of Huffington Post ,had millions of dollars in the beginning to play with and 7000 writers to boot. So yes, in this case Ms. Huffington’s creation is the result of having so much money and the solution to good content and marketing is to simply cut a check and hire great writers and guest writers in addition to 70 + employees to market her blog. The Huffington Post truly is an original online newspaper. This blog is for you and I; the average person who is starting an online business with just a couple of thousand dollars tops to start.
I have at least 3 more blogs that I’m preparing to launch very soon which are yes, one all have very specific niches and two, have a domain name that is apropos. The first is called grammarmarks.com, which covers all aspects of grammar, and style, I will be checking all types of correspondence for grammatical mistakes and corrections, and I will be putting my recruiting business to work by cleaning up people’s resumes. Furthermore, my wife has come up with a niche and great domain herself -teainthetureet.com and just as the name suggests this a very specific niche on tea and one can surmise what the blog is about by the title. The way to get a good niche is just google it and if 100’s of millions of entries pop up, the niche is not tight enough. One would like to get under the 10 million mark and even less for example the number for grammar checking is 2.2 million. You may still say wow, that is a big number, but the reality is the World Wide Web is a sprawling and prodigious entity and over 2 billion people use the internet. The number is simply awesome and staggering.
I will mention some products that I do not personally use but I will vouch for them because keep in mind there is not a product here that I have not tried or some successful blogging colleague hasn’t.
Market Samurai (as you can see I don’t use hyperlinks – this is a matter of choice. I don’t want people leaving my site so I am hopeful that you read my blogs and then seek out whatever it may be afterwards.) is the best in terms of assisting you in terms of selecting a niche. This tool will help you out with keyword selection to drive traffic to your site, SEO competition, rank tracker, monetization, can manage your content and so much more. A friend of mine stated that the product doubled his profits.
Purchasing your domain name and choosing a host
There are a number of hosts (mistake #3 for me. I chose 1and1 and they don’t compare to Host Gator, which is the best – trust me on this one.) In addition, I use Host Gator, the platform I use is WordPress; everyone uses it and for good reason it is great, and it is free. There is no other successful person who uses anything else.
The next step is personalizing your blog. No one is going to stay with the generic features wordpress provides so you can invest in some software like Semiologic-Wordpress or invest in a Web Designer – a good one who is ethical. In terms of finding a good Web Designer, referrals are the only way. I have an honest, talented, ethical and affordable Web Designer and perhaps the second reason whadawethink.com is successful is because it is aesthetically pleasing to the eye. I had done so many things wrong and the site, in my opinion is so attractive, I’m certain there are people who come just for the design alone.
More than one blog
Yes, get out as many blogs as you can handle. I know people who have 20 or more sites.
I paid an SEO Optimization company to set me up with all the major search engines. I highly recommend that everyone do this, it’s an additional investment, but it’s necessary. What I would not suggest you do is sign up for the any of their marketing campaigns. I’m in the middle of a campaign that I wasted $800 on and I will not mention the company because who knows, maybe whadawethink.com will pick up dramatically. There was another company I used for marketing and I got hit with nothing but spam. Essentially what they did was throw their clients my way and who had no interest in whadawethink.com but they wanted to use my web-site as a platform for all the links I was getting because the site was so popular. This comes to a product I highly recommend once your blog starts moving along called Askimet, which is a spam blocker and works perfectly.
Content , Content and more Content
Have great content. This blog could literally be those 3 words – provide great content. Writing well, being witty, researching everything you write. Take time to respond to the people who follow you, provide information, but make it fun to read. One could be the greatest writer in the world but if it is dry – well then it may be too scholarly. You really do not want to write scholarly on a blog. If someone is writing a book, blogs are not considered legitimate sources. But if the information is correct every time then many individuals may check your blog first and then proceed from there. That’s what I do with Wikipedia; it’s accurate 99.9% of the time but if I want to be certain I start there and double check at another source. Why? Because I am used to it, it is fun, easy and accessible.
Marketing your Blog
One can pay for it or do it yourself and doing it yourself is a lot of hard work. It is sad but some of the greatest material ever written goes unread because it was not promoted properly. I actually blogged about it. Some of my best blogs have gone unread because the topic was trending and therefore too competitive for the search engines to pick up. My advice is to write what you want. Again, if you are writing just for keywords then your job becomes a drag. Remember content and you will be found.
There are so many ways to make money if you have good Content and you build a following. I only use Amazon .com because it has everything and I do not want my blog to be cluttered. But it’s up to you – Google adsense which has often been called google welfare. No one gets rich on adsense – no one ! Pick an affiliate and go with it – I will stick with Amazon.
I hope you enjoy the site. Have fun and keep coming back.