I wanted to pay tribute today to Rob who publishes the Make Money Fa$t blog - and about 30 others as well. He's one of the 'good guys' within blogging.For about six months Rob has been working three days a week at his blogging to see if he could build a full time income this way. It was a brave thing to do but he wanted to try and cultivate a lifestyle whereby he could see his children more and generally have a better life.
Unfortunately he has now decided to go back to working at a full time more traditional job - though his blogs will be continued. What knocked him was the Google upheaval with PageRank and the way this hit sponsored posts in general. You only have to read his 500 Dollar Challenge to see how he was well on the right track.
Though maybe things haven't worked out exactly as Rob hoped he has learnt a lot about blogging. He wrote:
"For a while there I was almost living the dream and the lifestyle was great, however reality has set in and its probably more sensible to work hard for a couple more years, earn some real money and just keep building the passive streams."Two things from the above:
(1) Knowing when to change is an important part of being successful.
(2) Passive streams of income are the way to go. By this I mean building incomes -from whatever means - that do not involve too much personal involvement.
If we look at sponsored blogs, for example, they take a lot of work - especially if you have to write stuff for a small return. Plus the potential is limiting - there is only so much time in a day. It's much better to try and develop your income by some other means, where there is no real effort involved.
As 'they' say: It's not how hard you work, it's how clever you work.
As for Rob he'll be a success and he will fulfill his dream. He has the right positive attitude to life. He writes:
"The exponential growth part of our experiment will still be a driving force for me, however I am going to really try to work on the passive side of it more than anything else."Good luck, Rob.
Mike.
