Expanding Business and Revenue Model to Start 2009

The first element that I check upon setting up an online business is IF the numbers add up.  In my case I’ve setup the Rich Sage Underground advising Members what to do.  However, if the numbers don’t add up to a rational business model that everyone can benefit from, why bother?

That was the case with what I had advised at the start of my lessons to Members.  I advised them to build WordPress sites, then optimize them to the top search engines, and sell them.

The problem with this business model was that only about 250 Members could eventually make a living doing just that.  I had to add a component to the business plan that made it possible for my predicted 2,500 or slightly more Members to make a decent online income.

I believe I’ve added that component –which was done by adding CPA –Cost Per Action ad network, setup by my Members, using my software and several web sites.

The final revenue model for Members in the Rich Sage Underground looks like the below diagram:

Revenue Model Discussion Continues…

Happy Thanksgiving from the Rich Sage!

It was not easy finding a video for Thanksgiving 2008.  I viewed a classic –the old Charlie Brown Thanksgiving to clips from Friends.  I even had to endure a Sarah Palin Thanksgiving video –not recommended for the faint of heart.  Then there is the Adam Sandler classic.  But, it would not work for Rich Sage dot com.

In the end, I had to settle for a proven blend…  Happy Thanksgiving!
Rich Sage

11 Ways to Build Web Site Revenue Part Two

Few days ago I covered the steps needed to build web site revenue using WordPress.  Today I’ll go further into the discussion and explore 7 more ideas that you want to implement.

#5: Perfecting Targeted Traffic

I’ve seen several demonstrations where visitors and product buyers from Ebay yield very high repeat sales of products.  The logic in such a make money online approach is that Ebay buyers are very keen to purchase a product.  That’s is why they are searching for something, and then bid for the product at the marketplace.  They are clearly proven and motivated buyers.

When many bloggers started to work online making money, targeting was not that important.  However, now with upwards of a million make money online blogs, it’s important more than ever to target very precisely what you do and the type of traffic that you attract to your website.

In my case, my first source of income are not the ads –my goal is two fold:  Traffic to build the online community and enough traffic to build memberships. Sure I also monitor ad revenue, but that is done just to reach some of the stated goals.  Ad revenue rounds out my site income –as it is best to have a multi-front approach to revenue.

I am not telling you this because it’s my work to determine the best way to monetize yours (and my) online time.  I enjoy it.  However, what I don’t like is the approach where a blogger says this is what I do, and let me sell you a package so that you can do what I do”.  That’s not my style.

What’s important to keep in mind is that you need to keep optimizing your monetizing ideas –keep testing.  It’s like running a retail store where on a seasonal basis you’ll have product sales and adjust your advertising budget.  That keep the customers coming through the door.  Running a make money online website is no different.

More of my ideas continue…

NEXT SuperStock Investing Community by the Rich Sage

I finally got around to setting up most of the elements at the NEXT SuperStock area, where I am featuring one site with Industry Information –I’ll try to gather as many sources as I can.  This information is coming from reliable sources, screened by “major players”, Google being one of them and posted from RSS feeds into the site.  The second part of the community is a forum — An area where Members can discuss everything stock related.  I hope to drive a lot of traffic to each of these sites and have my Rich Sage Underground Members help me manage many aspects of moderation.

The effort also helps explain to my Members how I go about making money online.  All of my monetizing efforts, along with traffic and brand building will be discussed using the NEXT SuperStock Community and my Underground Members who want to make money online.

NEXT SuperStock Investing Community:  All types of press information from public and private companies.

More About the NEXT Super Stock Community…

Monetizing Your Make Money Online Efforts

You’re running an online business for one reason –To Make Money.  I’ll explore 11 ways to build income from several online sources, in a Step By Step Manner!  Regardless of your goal of making $100 or even $1,000 per day online, follow my below plan (which by-the-way requires *real* work) and you’ll make great progress in a few months.  I’ve used this process for several years to “cultivate” and generate ever-increasing revenue from several web sites.

At the bottom of my image, I’ve started the process with just $1.00.  Well, it’s a very humble start –just a Buck. That’s what i wanted to make the first day.  Yup, it’s not even lunch money –just enough for a cup of tea.  But, there is something pricessless –It’s a START.

A very realistic amount that you’ll make the first day or two. But, it is real.  It’s also vital because to make $10.00, you’ve first got to make a Buck!

I know that you’ve got glorious dreams of making thousands of Dollars or Euros or Pounds daily –just remember that everyone starts at a mere Dollar or two at the start.

When you setup a few sites, or even hundreds of sites as I have, here is the “Game Plan” that is being used to make a few dollars, then dozens and finally, when you execute your full game plan, you’ll be able to earn hundreds or even a few thousand dollars each and every day.

Part of the reason that I am suggestion the below course of action is because displaying text ads on sites is a great way to:

• Learn about advertisers and who they are
• Learn about which ads pay more –and who those advertisers are
• “Age” your site so that content is refreshed often and search engines start to deliver daily visitors in good numbers
• AND most importantly, get started making money online!  IF you don’t START, nothing will ever happen…

Keep in mind that what you have in your hands is a like a wine bottle — you want to carefully age and ‘cultivate’ the stock so that it will be valueable at a later time.  You’ll start earning just a dollar or two, but as you learn about the site, your content and keep building it, newer and newer earning methods will come to your attention.  OR you may even sell the site.  For example, you may use the site to sell leads or your own products –again, none of this will ever be possible without a basic start.

Let’s get started!

Your web site ‘ageing’ and ‘building’ process is no different.  Follow a ‘game plan’ like I have outlined below and you’ll see consistant income for years!  Better yet, join my Rich Sage Underground and my Administration software to manage your own articles and press releases –providing a publishing platform that earns you money as an Affiliate in my network.

Overall, my ‘game plan’ does not happen overnight, nor is your ‘experimenting’ over –what I advocate is to use mostly free resouces to manage several hundred WordPress installations running various advertising, affiliate programs AND eventually, your own products to maximize your online income.  Keep reading. All this works. I have been using such a plan for years to build a vast network of sites.  Some of these sites are linked via Rich Sage dot com.

HERE is MY STEP by STEP PLAN on 11 Ways to Build a Web Site Revenue…

Building Wealth with Web Sites

Using the Rich Sage Underground, I’ve created a place where my students can gather and learn how to build value for web sites –their own and sites we collectively work on.  I’ve written extensively about the process on how to get started quickly and build value for clients on a local basis.

The process is very important because everyone wants to make money online, but has no real plan that is sustainable.  I’ve created a membership for just a few thousand individuals who can work with me to build their own little success story online.  But, that’s not all.  By working with me in the Underground, my members can help build a few core properties and share in the success of those as well.

What I am building is an incubator of web properties –not just web properties but web sites that collect data and even deploy real-world products.  All these operations are growing in the “incubator” and on a regular basis will be “spun off” to real-world corporations.  And when that is done, my Members at the Rich Sage Underground, and those who are working with me in the JV Operations –everyone benefits.

Building Wealth with Web Sites: Sales Expectations…

More about my discussion…