Many of you reading this blog are already bloggers yourself or are affiliate marketers. You most likely are making a decent amount of money each month but if you changed a few things in your investment strategy you might be doubling or maybe tripling your income in the next few months.
The most common mistake bloggers make and affiliate marketers is taking all of the money they have earned and socking it away in their bank or go out shopping. (nothing wrong with treating yourself for your hard work) But what if you took 50% , 30% or even 10% of those earnings every month and invested it back into things like blog design, PPC, out sourcing or any other number of other traffic generating systems.
Think of it as if you had/have a job and you socked away 6% into your 401k retirement you really don’t miss the money or take notice that its gone. But it’s there building you a slow and profitable return. This is the same way you should think about your business.
What types of things should you invest some of your money back into?
Bump up your design!
While free themes work fine and are fast loading, a custom built theme with your picture or logo on it can go a long way in making your blog look more of an authority blog. People notice you spent a good amount of money and see you are serious about your online ventures. Not to mention all the cool and unique things you can do with a custom blog such as light boxes, selling ad space, formatting your articles however you see fit, feature articles and more.
Consider buying ad space on other blogs or swapping links on others blogs. This can have a huge impact on the amount of exposure your business has. Some bloggers will even write normal articles such as this and then include a related link to someone else’s blog such as this social networking blog.
Solo ads can be expensive but most of the time they are worth while investments when it comes to building your list faster and stronger. A good quality solo ad will cost you around $0.30 per click with a 30% or higher conversion rate which means you will be paying about a $1 per new subscriber. Investing a portion of your profits into this can increase your next months income quickly.
Buy ad space on other sites and connect with other team builds. Offer their members something of value (real value) for free to get them on your list. You should always be building your list as it is the lifeblood to building continued income streams. I would recommend using Aweber for this.
Have ideas yourself or care to share where you have found great places to reinvest your money? Comment below i’d love to hear about them.