Hurricane Grace made landfall early Thursday morning just south of Tulum, Mexico.
Month: August 2021
CPA Marketing: 5 Actionable Strategies to Grow Your Accounting Firm
Are you struggling to get more clients for your accounting business?
You’re not alone.
A study by Hinge Marketing found accounting and financial service firms were the slowest growing of all professions studied.
While the tech sector grows at an 18 percent median rate, accounting business slogs behind with a growth rate of 9.3 percent.
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However, this doesn’t mean your accounting firm is doomed.
The difference between low-growth and high-growth businesses in any sector is marketing.
How so?
Marketing is what develops the all-important know, like, and trust factor. Clients can find you through social media or blog posts, learn more about you, and decide you’re the best accountant for the job.
In short, the better you get at marketing your services to the right people, the more you can squash industry-standard growth rates and boost your profitability.
Why Should Certified Public Accountants Advertise Their Services?
Shopping online isn’t only for eCommerce businesses.
Fifty-three percent of consumers conduct online research before making a purchasing decision. If you don’t have a digital presence, you’re leaving money on the table and creating a barrier between you and your potential clients.
With 2.14 billion digital buyers, there’s a huge pool of people you could tap into by having a digital presence for your CPA business.
Besides the earning potential, advertising your services online has other benefits like:
- Instilling trust: You set yourself up as an authority and expert by having a professional website with sales pages and blog posts.
- Brand awareness: Almost 92 percent of people use Google to answer their most pressing questions. By investing in SEO and getting your CPA business on the first page of search results, you can grow your brand awareness without a huge paid ad budget.
- First impressions count: In the digital age, your website is your first impression to potential clients. If it’s slow, outdated, or uninspiring, your site visitors will leave, and you’ll lose the sale.
6 Marketing Tips for CPAs
Ready to take your CPA marketing to the next level? Here are some of the best ways to grow your brand awareness, attract the right customers, and scale your accounting business.
1. Create an SEO-Friendly Website With a Strong CTA
Because so many buyers turn to Google to conduct online research before purchasing, a website is no longer a “nice to have.”
It’s a must.
An SEO-optimized website does three things:
Search Engines Send Organic, Qualified Traffic
Sick of cold emailing tactics or leads who have no intent on opting in for your services?
By going all-in on SEO and targeting keywords your potential clients are using, you can attract the right customers (who are ready to sign a contract) straight to your website.
Not sure what SEO is or how to do keyword research? Check out my ultimate SEO guide, which takes you through absolutely everything you need to know to get your CPA business on the front page of Google.
Turns Visitors Into Leads
When someone is knee-deep in research mode, a professional-looking website goes a long way in the decision-making process.
With a strong call-to-action (CTA) on your homepage, you can stop people from leaving your site without scheduling a call, or filling out a form to find out more.
Here’s a good example:
Notice the “Get Started” button. It’s above the fold (meaning you don’t have to scroll to see it), and it encourages visitors to take action.
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If you scroll to the bottom, you’ll see another CTA to schedule a call.
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Want help setting up a CTA? Use one of my eight foolproof CTA tactics.
It Sets You Up as the Go-To Expert
Once your website ranks for the right keywords on Google (i.e., words and phrases your customers are using), it tells the user you’re an expert and creates brand awareness.
When someone sees you as an industry thought leader, it establishes trust. This sets up one of the natural laws of business: People do business with those they know, like, and trust.
2. Create a Blog for Your Website
When it comes to marketing for CPAs, creating a blog is an incredibly effective tactic.
Why?
Your blog posts will rank on search results.
When you’re ranking on the first page of Google, you get more visibility, website traffic, and qualified leads. For your customers, blogging is beneficial because it answers their questions, gives them quick wins, and helps them find solutions to their problems.
It’s a win/win for everyone.
How do you start writing blog posts that end up on the first page of search results?
First, you need to do keyword research to understand what problems your audience is trying to solve.
Take the keyword “hiring an accountant for taxes.” Here are some blog posts from CPA firms on the first page of Google.
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By using blogging like these CPA firms, you can identify the challenges your clients are facing and create blog posts that add value and convert visitors into clients.
Keyword Research Resources:
Next, you need to write your blog post and optimize it for search.
What does this mean?
According to a user’s query, there is a formula search engines use to understand the content and decide where it should show up in the results. By following basic on-page SEO principles, you can make sure your blogs are optimized for ranking on the first page of Google.
SEO Blogging Resources:
- How to Rank a Blog in Google’s Top 10 Search Results
- How to Write a Blockbuster Blog Post in 45 Minutes
- 7 Things First Time Bloggers can do to Create Industry-Leading Content
3. Start Using LinkedIn
Do you have a LinkedIn profile?
Out of the 774 million working professionals using the platform, you probably fall into two camps:
- Yes, you’ve created a profile, but it pretty much collects dust.
- No, and you don’t want to add another social network to your plate.
However, LinkedIn is more than a social media network. It’s one of the best places to connect with your potential clients and land work.
Eighty percent of B2B marketers say LinkedIn is the best place to find leads.
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Follow these steps to spruce up your LinkedIn profile and start attracting paying clients to your CPA business.
Update Your Profile for SEO
Yup, SEO extends beyond search engines.
You want to make sure your profile is optimized with keywords your potential clients use to find you.
The better your LinkedIn SEO, the higher up you’ll appear on search results.
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Post on LinkedIn
Whether it’s status updates, sharing business news, or writing thought pieces, creating content on LinkedIn is a powerful lead generation tool.
You can tag your posts with hashtags to boost your reach, and the more engagement it gets, the more the algorithm will push your content out to a wider audience.
By increasing the number of eyes on your posts, you increase your chances of leads finding your profile and reaching out.
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LinkedIn Marketing resources:
- 9 Powerful LinkedIn Marketing Tips (That Actually Work)
- How to Create the Perfect LinkedIn Profile
- How to Get 200 Targeted Leads Daily on LinkedIn (Starting This Week)
4. Create YouTube Videos
Writing not your style? Are you a better speaker?
Then create a content marketing strategy around YouTube. With over 2 billion monthly users, people come to the platform to learn, get inspired, or have fun. What makes YouTube such a lucrative platform is this: The content is searchable on Google.
In 2016, the search engine giant bought the video-sharing site and has integrated the platform with search results.
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Like Google, SEO also plays a part on YouTube.
To see success on the platform, you need to use the same keywords your audience uses to search for you. Consider using keywords in these places:
- your speech (YouTube scans your words)
- video title
- video description
- tags
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These views turn into leads and are an excellent way to grow your brand awareness and establish trust with your audience.
Bonus: Once you hit 1,000 subscribers and 4,000 hours of watch time, you can sign up for the YouTube partner program and start earning money from your uploads.
YouTube Resources:
5. Claim Your Google Business Page
Google My Business can help your CPA business gain more visibility in local search results. According to a study by BrightLocal, 84 percent of searches are discovery.
That’s a lot of opportunities for your next client to find you. Let’s say someone searches “CPA in New York.” If you’ve set up your Google My Business page correctly, it will show up in search results like this:
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These cards make it easy for people in your area to find you, contact you, and become your next customer.
All you need to set up your profile is a business name, location, and category. Once Google authorizes it, you’ll start showing up on local search and Google Maps.
Your customers will be able to leave reviews, add photos, ask questions, save your listing, and see important information like your contact details.
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In the above example, Miller & Company has put “CPA of NYC” in their title and made their description “accountant in New York City.”
Again, this is SEO. These keywords help Google understand your listing and show it for the correct search results.
To learn how to set up your Google My Business account, optimize it for local SEO, and what mistakes to avoid, check out these resources:
- How to Optimize Google My Business and Leverage It for More Sales
- How to Own Your Google My Business Rankings
6. Build Your Email List
While building a presence on YouTube and LinkedIn are solid marketing strategies for CPAs, those platforms could close down tomorrow.
If that happens, you’ll lose access to your audience.
The solution? Building your email list.
Create a lead magnet and use it to entice your website visitors to subscribe. Your lead magnet should focus on a problem your audience wants to overcome and present a quick win.
For example, if you help freelancers with their tax you could make a checklist for how to prepare for tax season. At the end of your lead magnet, include a call-to-action to hire you for those that want to skip the admin and let someone else handle it.
Other types of lead magnet ideas include:
- toolkits
- reports
- whitepapers
- ebooks
- case studies
- cheat sheets
Once you have people on your email list, you can nurture the relationship and promote your offers and tips via a weekly or monthly newsletter.
Marketing for CPAs Frequently Asked Questions
What’s the best way to promote my accounting business?
The best way to market your CPA business is with digital marketing. It’s cheaper than traditional marketing and helps you attract your ideal clients with ease.
Should I hire a marketing firm to promote my accounting business?
If you don’t have the time to manage your marketing, yes. A marketing firm can help save time and tweak your marketing efforts to improve ROI.
Should I invest in digital marketing for my CPA business?
Yes! With most people turning to Google to answer their questions and find companies to solve their problems, a digital presence is necessary.
How much should I spend on marketing for my accounting business?
It depends on the size of your firm, location, and how much money you can allocate towards your marketing, as well as what platforms you want to use and the results you want to achieve. You can do it yourself and spend very little, or invest thousands (which may generate thousands more in revenue.)
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Marketing for Accountants: Conclusion
As you can see, digital marketing is no longer a “nice to have” for accounting firms.
The digital world is more important than ever before. Approximately 6 billion people have smartphones, which means your next customer will most likely come from Google rather than a traditional ad in the newspaper.
Follow these marketing tips for accountants, and you’ll learn how to create content that attracts your ideal client, creates value in their lives, and sets your firm up as the go-to expert.
Which of these accounting marketing tips are you going to implement in your business?
Will The Next Cold War Be An Economic One?
Will The Next Cold War Be An Economic One?
Numerous large tales struck the economic information this previous week however the genuine value of these tales were not reviewed anywhere. Leading, the U.S. Congress pressed to submit unjust profession techniques versus China, mentioning that the Bush management’s peaceful behind the curtain settlement approach was inappropriate as a technique to bring financial reform to China. In an additional tale today, these words showed up – Rather than work as “an apologist” for China, “I really hope the management will certainly join this group,” Sen. Lindsey Graham, R-S.C., informed press reporters after affirming prior to the Senate Finance Committee in the 2nd hearing on China’s financial as well as money plans in 2 days.
This post reported that Congress intended to pass bi-partisan veto-proof regulations that will certainly require the Chinese Yuan to value versus the buck. American producers have actually declared that the Chinese federal government’s unjust control of their money has actually harmed them as well as their Congressmen are paying attention. Lastly at the end of the week, this heading showed up in a post: “The U.S. Commerce Department revealed assents versus paper imports from China, the very first time in 23 years that U.S. task regulation has actually been used to imports from that nation.”
When sending out U.S. Federal Reserve Chairman Bernanke and also the U.S. Secretary of Treasury Paulson to China just resulted in China certainly mentioning that they will certainly not enable an additional country to determine to them exactly how they ought to run their economic climate, U.S. Congress ought to have obtained the tip. Rather, they rose a currently possibly unpredictable circumstance with their hazards as well as assents this week.
He specified that China’s affordable labor prices, growing contemporary framework and also innovation and also expanding financial investment in human funding as well as research study likewise have actually considerably added to the expanding profession discrepancy in between China as well as the United States. You in the Congress require to ask yourselves a crucial theoretical inquiry: How would certainly you really feel if you obtained your method on the Chinese money change yet located that after 3 or 4 years the stress birthing down on American employees had just escalated?
UNITED STATE Federal Chairman Bernanke has actually currently openly mentioned that everyone recognizes that the weak buck is great for the U.S. federal government due to the fact that it makes their financial obligation more affordable as well as likewise assists to shut the profession void. If you do not assume that the U.S. is not guilty of adjusting their very own money as well to offer their objectives after that you are living in some kind of financial fantasyland. In the past, conquered countries had actually bitterly whined to Europe as well as the U.S. concerning the injury their financial plans caused upon their economic climates.
This is virtually close to the factor when it comes to taking a look at a lot a lot more considerable after effects of an open profession battle with China. The factor the Bush management is attempting to work out silently with the Chinese instead of take the a lot more hard-line position thought by the U.S. Congress is that they understand that the Chinese federal government holds much more crucial cards than the assessment of the Yuan, specifically the greater than one trillion bucks of U.S. buck denominated possessions that they presently keep in their gets.
As I specified in a blog site I published regarding a week ago to The Underground Investor, the U.S. Congress would certainly be crazy to strongly estrange the Chinese federal government with a lot at risk. The troubles with the U.S. economic situation are a lot more an item of previous U.S. financial irresponsibility than the manipulative activities of the Chinese economic situation as well as if the U.S. picks to attempt to scapegoat a financial titan like China for their present issues, I think, as Mr. Roach specified, that re-valuation of the Yuan will certainly not be the response. It is specifically these protectionist actions that the U.S. is looking for to execute that have actually prevented arising markets in the past.
If the U.S. Congress presses via their vindictive procedures, I can inform you right currently that revaluation of the Yuan will certainly NOT be the solution to the issues of the American economic situation. And also in spite of the reality that unloading enormous quantities of U.S. bucks will certainly harm the Chinese economic climate as well, there will certainly additionally come a time when the Chinese federal government, if pressed much sufficient, will certainly unload substantial quantities of U.S. bucks since their solid economic situation will certainly be able to absorb its unfavorable results a lot far better than the weak U.S. economic climate.
And also if they do so, the U.S. Congress will certainly have provided the best reason to do something that I think the Chinese federal government is intending to do anyhow. They will certainly be able to do it, conserve face at the exact same time, and also do it earlier than any individual anticipates, as opposed to having the worldwide area load tons of objection upon them for what would certainly or else appear to be an unexpected choice that came out of no place. As opposed to such an activity being deemed the self-indulgent activities of a country, it will certainly rather by deemed a response to U.S. intimidation, and also U.S. Congress will certainly have offered the Chinese federal government the ideal out.
When I have actually blogged concerning federal governments being persistent phonies in the past, absolutely the Chinese federal government or any kind of globe federal government is not immune. While the Chinese federal government has openly specified that they will not take any kind of unexpected activities that will significantly harm the U.S. buck, do you truly think that they desire to hold a trillion bucks of a money that proceeds to shed considerable worth every year?
Once more, I can inform you why punishing Congressional U.S. procedures will certainly not coax the Chinese to presume plans the U.S. desires however just temper them. If the Chinese pick to bow down to American stress, they would unquestionably temper the Japanese that have actually greatly spent in China and also would certainly be negatively influenced by the Chinese federal government’s choice to calm the U.S. Congress.
Today, China called the initial of U.S. protectionist actions, tolls on their paper imports, “inappropriate.” China highly requires the United States to reevaluate this choice as well as fix it immediately,” China Commerce Ministry representative Wang Xinpei stated in a declaration on a federal government Web website.
I think that the Chinese federal government, regardless of what polite declarations they launch to the monetary press regarding being worried not to pass any type of plans that will certainly trigger the U.S. buck to drop rapidly, need to discharge a substantial part of their $1 trillion buck of U.S. dollar-denominated books. They are not going to calm the U.S. Congress currently as well as see the Yuan reinforce and also after that see this result increase as they dump U.S. bucks from their books.
With this prospective profession battle, it is crucial to neglect the preening of the U.S. Congress yet to think about the ramifications of their possible activities rather. UNITED STATE Congressmen are no uncertainty affected a terrific bargain by their most vital components, in this situation, huge producers.
Certain, big producers are being injured today by Chinese imports, yet as opposed to considering this component of the formula which the monetary media offers much interest to, it is more crucial to think about the opposite side of the formula that is never ever mentioned in the economic media. As opposed to pay attention to the problems of the pain, seek what the extremely most affluent of people are doing to not simply safeguard their properties as the geo-political equilibrium proceeds in the direction of an oblique factor, yet exactly how they are placing their properties currently to prepare to benefit from these future dilemmas. As is a typical style at the Underground Investor, in some cases the loudest babble will certainly sidetrack you from one of the most essential details, the details that stays listed below this babble.
When sending out U.S. Federal Reserve Chairman Bernanke as well as the U.S. Secretary of Treasury Paulson to China just resulted in China certainly specifying that they will certainly not enable an additional country to determine to them exactly how they need to run their economic climate, U.S. Congress must have obtained the tip. The issues with the U.S. economic climate are a lot extra an item of previous U.S. monetary irresponsibility than the manipulative activities of the Chinese economic situation and also if the U.S. selects to attempt to scapegoat a financial titan like China for their existing troubles, I think, as Mr. Roach specified, that re-valuation of the Yuan will certainly not be the response. And also regardless of the reality that unloading huge quantities of U.S. bucks will certainly harm the Chinese economic climate as well, there will certainly additionally come a time when the Chinese federal government, if pressed much sufficient, will certainly unload large quantities of U.S. bucks since their solid economic climate will certainly be able to absorb its unfavorable results a lot far better than the weak U.S. economic situation.
Rather of such an activity being checked out as the self-centered activities of a country, it will certainly rather by checked out as a response to U.S. intimidation, as well as U.S. Congress will certainly have provided the Chinese federal government the best out.
I think that the Chinese federal government, in spite of what polite declarations they launch to the monetary press concerning being worried not to pass any type of plans that will certainly create the U.S. buck to drop promptly, wish to dump a substantial part of their $1 trillion buck of U.S. dollar-denominated books.
Stronger together: CLS’s chief risk officer on risk culture
Deborah Hrvatin discusses integrated risk management, mega-hacks and model risk
The post Stronger together: CLS’s chief risk officer on risk culture appeared first on Buy It At A Bargain – Deals And Reviews.
Can You Refinance Your Mortgage With Bad Credit?
Refinancing your mortgage can be a great way to save money or get more favorable terms on your home loan. This is especially true if interest rates are low and your home value has increased since you bought your home. But what if your credit score is standing in the way of refinancing? When you…
The post Can You Refinance Your Mortgage With Bad Credit? appeared first on MoneyTips.
The post Can You Refinance Your Mortgage With Bad Credit? appeared first on Buy It At A Bargain – Deals And Reviews.
8 Powerful Ways to Monetize a Blog That Generates Under 1,000 Visitors Per Day
Can you really make money from blogging?
If your blog gets over 10,000 monthly unique visitors, then yes – you can monetize your blog and create a nice revenue stream with it.
The real challenge is making money from a blog that generates fewer than 1,000 visitors per day.
Just as in life, there are different stages to a blog’s life cycle. You can’t compare your new blog to one that’s been around for years.
The truth is: it takes time to build an income from blogging.
No matter what you’ve read, blogging success doesn’t happen overnight — but it is possible.
Identify the stage you’re in, and work from there. There’s no shortcut to getting blog traffic. Yes, I can show you how to drive traffic to your blog, but you have to be patient and consistent, and you have to work really hard.
This in-depth article will guide you on monetizing your new blog. There are still opportunities to make money with your blog, even if it’s not as popular as this blog.
Without further ado, here are eight proven ways to monetize a blog that generates fewer than 1,000 visitors per day:
1. Offer Coaching Service to Motivated Clients
If you’re looking for a way to start making money within the shortest period of time, become a coach. Giving prospects and customers direct access to expertise is where it’s at.
Data from Disc Insights found that “as a whole, the life coaching industry takes in a yearly revenue of $2 billion.”
Jenni Elliot, the founder of TheBlogMaven.com, makes $397 on a one-to-one blogging intensive coaching session.
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It doesn’t matter when you started blogging or how much experience you’ve gained in that time — offering a coaching service to motivated clients can bring in money.
Inevitably, your readers will face challenges in life. A coach’s responsibility is to help people manage their challenges, and react in a positive way instead of getting frustrated and giving up.
A lot of bloggers I know started out as online coaches. Initially, they struggled to attract regular clients, but they overcame the challenge by reaching out through social media.
The major reason why becoming a coach in your industry can help you earn extra income is because people want to learn new skills, or improve in certain areas.
Coaching services are in demand because of the dramatic results the process can bring.
As an example, after working with Walk of Life Consulting, 98 percent of clients reported that they thought their CV was more compelling using achievement statements, and 87 percent said their LinkedIn profile became 5X more effective. Here’s the rest of the statistics:
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Life coaching is just one area to consider, and it’s increasingly popular these days. As a coach, you’ll help people deal with challenges in their personal or professional lives.
For example, if someone is a web developer, they may need a business or personal coach to help adjust to changes in the web development industry, increase their rates, and retain clients who will, in turn, refer others through word of mouth.
Why coaching? Well, the benefits are enormous. Take a look:
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How can you use your blog to promote your coaching services business?
Start by creating useful and interesting content on subjects that matter to those clients and prospects.
For example, if you offer coaching services to freelance writers you might cover topics like:
- attracting new clients
- nurturing prospects
- generating and capturing leads
- retaining existing clients
- setting and raising rates
- weeding out difficult or “problem” clients
- branding
- content creation and copywriting case studies
When offering coaching services, you need a strong value proposition, because the market is already saturated. Having a strong reason “why” people should prefer you instead of your competitors will give you a necessary edge.
Tim Brownson, the founder of ADaringAdventure.com, positioned himself as “the life coach who gets people unstuck.” With his 10 years of life coaching experience, clients trust him for his ingenuity and knowledge.
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If you’re driven to succeed as a coach, you don’t need to follow dozens and dozens of other coaches in an effort to “learn.”
Instead, pay more attention to your blog and create high-value content.
After all, you’re the coach. The only way to prove your expertise is through the content you create on a regular basis. Use blogging to increase your prospects’ success, preferably by including case studies wherever possible.
According to Jeff Molander,
Blogging is most useful when you strive to help [your prospects] believe what they want (what you sell) can actually happen for them on time, on budget and without pain. It removes the fear from buying.
When you become a life, personal, or business coach, you have three key jobs:
- Teach prospects how to set and attain goals, overcome challenges, or avoid risks in ways they can put to work instantly;
- Improve the prospect’s perception about their business and create confidence in them to trust your recommendations and reach their goals; and
- Lead customers to constructive, proven processes, encouraging them to ask questions and increase their drive to succeed.
No matter what industry you’re in or cater to, offering a coaching service to motivated clients can help them reach their goals and make you money.
Peter James Sinclair benefitted from Yaro Starak’s coaching program, and he’s more organized and effective now.
Through investment coaching, Todd R. Tresidder helped Gary Craig, an entrepreneur, and former hedge fund owner, to grow his monthly cash flow from $5,000 to $50,000 per month.
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Before you rush in and start offering coaching services to motivated clients, you have to understand that a coach is an entrepreneur. You’ve got to have that mindset because that’s what you need to thrive.
Mediocre coaches give up in the face of unfavorable circumstances, but coaches who’ve focused on improving their entrepreneurial skills thrive. When you think like the entrepreneur you truly are, you’ll command higher rates.
2. Become an In-Demand Freelance Blogger
If you’re a blogger, then you already have the skills to become an in-demand freelance blogger.
Linda Formichelli makes $250 per hour, and Elna Cain makes a full-time income as a professional freelance writer.
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Brands are desperately looking for bloggers with relevant skillsets, and becoming a freelance blogger can transform your financial life.
According to a study by Upwork, 36 percent of the total US workforce freelances. Those freelancers earn a combined annual income of $1.2 trillion.
A freelance writer is a professional who writes articles on different topics for sites, emails, landing pages, etc.
Skilled freelance bloggers are increasingly needed as B2B and B2C companies recognize content is the ultimate tool for attracting leads and nurturing a loyal audience.
Data from Content Marketing Institute found that 21 percent of B2C brands spend more than $100,00 a year on content in 2020, and many are increasing their spending.
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Yes, I know what you’re probably thinking, “But there are so many writers out there already!”
That’s true. But professional freelance bloggers who have WordPress, SEO, social media, and persuasive skills are much harder to find. So if you can add these skills to your writing, you’ll become an in-demand freelance blogger.
Initially, you’ll have to market your freelance blogging services through guest blogging on high-traffic blogs, consistent in-house blogging, social media marketing, and even Facebook ads. But eventually, your happy clients will refer more clients to you.
3. Create and Sell Online Courses
Another profitable way to monetize a blog that generates fewer than 1,000 visitors per day is to create and sell online courses. You don’t need many leads or customers to make money with your first online course.
Here’s the secret: start where you are and scale from there.
If your blog receives at least 50 visitors per day, find out exactly what those visitors want and create a course from there. The truth is that your first course may not be that “awesome” — but that’s okay.
You can always improve. It’s time to avoid the excuses and get started.
Online courses are focused on a specific subject or topic. They’re organized and ready to be put into action.
Online courses have a higher perceived value than blog posts alone. That’s because your target audience can tell how much time you spent creating it. Consequently, they conclude that it must offer some form of value to them.
So don’t be afraid to create an online course – even on a topic that’s been thoroughly covered online. Bryan Harris launched his second online course to 22,000 email subscribers and generated $511,466 in invoiced sales.
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Creating an online course is a great way to upgrade your blogging career. Instead of writing for everyone, you create a platform that delivers your best content exclusively to customers.
Online courses are incredibly popular. That’s why there are so many platforms to create and sell online courses.
Keep in mind that the online course market is evolving on a daily basis. Sites like Udemy, Teachable, and Course Merchant have become popular with marketers and technical instructors. And more platforms are coming.
Phil Ebiner makes $100,000 per year selling on Udemy. Even though he doesn’t own or control the platform, he does quite well for himself. He also uses his blogs and social media to promote his Udemy courses.
Then there’s Corbett Carr, who shared a video case study on 10 merchants who earned $1.6 million on Udemy in one year.
In fact, the average instructor brings in $7,000 from Udemy courses, though there is a wide range of outcomes.
Beyond leveraging third-party online learning platforms, you can create and sell your own online course at your blog.
Or you could use a premium online course plugin for WordPress, such as Zippy Courses, CoursePress, WP CourseWare, WooCommerce’s Sensei, and so on.
As a blogger, you can create an online course on any topic that people are struggling with. It doesn’t have to be a complex topic like A/B testing – it could be as simple as “how to use Google Docs.”
Are you surprised? Well, here’s proof that this works: Joseph Michael Nicoletti created an online course that helps novelists write their novel with Scrivener and he makes between $20,000 – $30,000 per month.
You want your course to be engaging, useful, and unique. Follow these four tips for creating an engaging online course:
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So how do you choose a course topic? Start with your best blog posts. If I were to create an online course on SEO, I’d probably start with my Guide To SEO – because people like it and will be happy to get an updated version. A few tweaks would make that guide another home run as an online course.
4. Write and Make Money from Kindle Books
Want to make money writing short ebooks?
Well, people are doing just that with Amazon Kindle publishing.
U.S. ebook sales revenue has experienced an impressive upward growth trend. There’s no doubt that the growth will continue. When it comes to reading ebooks, there are many mobile devices you can use, but Amazon Kindle is the most popular one in the US.
The good thing about writing and making money from Kindle books is that there are already millions of buyers who are ready to buy from Amazon.
You already know that Amazon is a trusted online shopping site – and you don’t have to work that hard to convince people to buy your Kindle book. People believe Amazon passes its credibility to your product, in a sense.
At the age of 21, Stefan Pylarinos started his Kindle publishing career. As a blogger, the bulk of his income comes from his Kindle books and an online course on how to create and make money with Kindle books.
Specifically, he made over $1.1 million in 2015 from his online business, which is actually based on Kindle publishing.
Stefan makes a decent income from his KMoney Mastery 2.0 course, which teaches people how to profit with Kindle publishing.
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However, in order to make a living from Kindle books, you need to work extra hard and publish books regularly. The more quality books you have, the more money you’ll make. Stefan Pylarinos has over 20 Kindle books and still counting.
You’ll need to offer several short Kindle books because individually, they’re priced pretty cheaply – usually from $0.99 to $4.00. Probably doesn’t sound too encouraging, right?
However, if you price your Kindle book at $1.99 and sell 200 copies per month, your total income will be $398. That’s nothing to sneeze at, and many authors make more.
Chris Guthrie estimated the earnings of one Kindle book in one year at $377.87 per month, which adds up to $4,534.41 per year at a price of $2.99
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You can use your blog to promote your Kindle books, give discounts, and give away free copies of your book in order to generate honest reviews (which are essential for boosting your Kindle book rankings & sales).
You don’t have to spend money to promote your Kindle books. With your blog, you’ve got the influence, authority, audience, and platform to make it work. Through blogging, you can launch and make your first $1,000 from Kindle books.
There are even some smart marketers out there who make a decent income from Kindle Books without writing. They simply outsource the content creation, then use their blogs to drive sales.
One of those smart marketers is Arman Assadi. According to him, his first ebook cost him $375 – $350 to get the book written, and $25 for a professional cover design.
At the time of writing this, he makes $2,500 per month by publishing Kindle books he didn’t write.
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To learn more about Kindle publishing and how to make money from it, see the resource guides below:
- The Ultimate Guide to Making Money Publishing Kindle Books
- How to Increase Your Amazon Kindle Book Sales by 600% in a Week
5. Make Money From Private Label Rights
Private label rights is a strategy where you sell (or in this case buy) intellectual property and market it as your own.
As a marketer, you can benefit from over 50 ways to make money with private label rights (PLR) products. However, make sure you pay attention to the details.
First, don’t use the product word-for-word. Tweak it and make it at least 65 percent unique.
Once you understand your PLR usage rights, you can repackage and make money from it.
Before Panda struck in February 2011, PLR products were popular, and many marketers and bloggers used them to generate content for their sites.
In other words, PLR products are pre-written content that you can claim as your own without incurring any legal action.
In the past, you could start a new site, download a few PLR articles and publish them for your audience. But the game has changed.
Duplicate content is a serious violation of Google’s terms, and could get your site penalized.
However, you can still make money from private label rights as a blogger. If you’re a new/beginner blogger, you can leverage other people’s products.
Creating an information product (e.g., ebooks) from scratch is difficult. If you’re new to blogging you may not have the experience required. Worse, imagine after all the hard work creating the product, no one buys it.
Here are some reasons why product creation from scratch is tiring:
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With a PLR product, you don’t need all of that.
Even if you’re not particularly knowledgeable about a certain topic, you can become an author in that field. For example, you can use PLR articles to write a Kindle book related to “plastic surgery” even if you didn’t study that in school.
You can also generate content for your blog using PLR content. When evaluating PLR products, look for these three factors:
- recently developed
- written by a reputable author
- published in limited circulation
Most bloggers and internet marketers struggle to make money with PLR products because they’re lazy. They use the content word-for-word on their blogs. Even when they create ebooks, most people don’t change anything.
If you find a valuable PLR product, you need to rewrite it and make it at least 65 percent unique. You can get quality PLR ebooks, articles, videos, and audio content from sites such as InDigitalWorks
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Aside from rewriting the PLR articles or ebooks, you can do so much more with a PLR product. Typically, PLR content is based on profitable niche keywords and information that the target audience is looking for.
You can use the insights of PLR products as research sources, and then create your own high-value ebook based on the information they provide.
Note: To retain your credibility, I don’t recommend you use PLR articles on your own blog.
Yes, you can learn from the author’s wealth of knowledge about a particular subject/topic, but do your best to always write your own content from scratch.
You can also use PLR products indirectly. For example, you could rewrite a PLR ebook and give it away to build an email list. Then you can make money from your list.
6. Create a High-Converting Funnel and Recommend Products
When people join your email list, what happens next?
Do you feel excited that you have email subscribers and then ignore them?
Follow-up and relationship building is vital.
According to Marketing Donut, “44 percent of salespeople give up after one follow-up, and the average salesperson only makes 2 attempts to reach a prospect.”
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Following up on prospects to convert them into buyers is where the majority of sales will come from. Through follow-up emails, you connect with motivated buyers and sell at the backend.
A relationship is the easiest way to establish trust with blog readers and sell a product. It sounds so simple, but a lot of people aren’t doing it.
A relationship begins when you create awareness about your primary business. You then lead your prospects through a funnel, while delivering immense value with your content in every phase.
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First, understand this: there’s nothing wrong with selling to your readers as long as the product is useful and valuable.
However, forget about the product and build a relationship with them. That’s where the funnel comes in.
The purpose of a marketing funnel is to attract strangers, convert them into leads, close the deal by turning them into customers and delight them after they have purchased your product.
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The moment you drive potential customers to your funnel, they opt in to your list and they’re added into your follow-up autoresponder. Then you can start building the relationship.
You nurture them through your blog posts, videos, infographics, ebooks, and so on. Ideally, you ask them exactly what they’re struggling with, then use the questions to create relevant and high-value content for them.
Along the way, recommend affiliate programs and products, your own ebooks, or software.
Any product that will help them after you have established a level of trust with them should be shared with them.
After creating their first product, Gael Breton & Mark Webster gave away a part of it to collect leads. Altogether, they collected 301 emails, nurtured the leads, recommended their own quality product, and generated $2,684 in 30 days.
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7. Partner with Influencers in Product Creation/Launch
Do you know why so many product launches fail?
Joan Schneider and Julie Hall from Harvard Business Review had this to say:
The biggest problem we’ve encountered is lack of preparation: Companies are so focused on designing and manufacturing new products that they postpone the hard work of getting ready to market them until too late in the game.
If you think that making money online boils down to driving traffic to your blog and generating email leads, you’re making a mistake.
Leads are only the beginning.
One recent study found that 79 percent of marketing leads never convert into sales. Lack of lead nurturing is the common cause of this poor performance.
You need to generate the right leads. The truth is that you may not have this type of lead right now, but you can leverage influencers’ audiences.
Do you have an idea for a product? Most people struggle to launch their products because they go about it all by themselves. It’s reported that 70 percent of all new product launches fail in the first year. The question is, why do some succeed when others fail?
There are several aspects of a successful product launch that you may not be able to handle alone. If you try to go it alone, you’re bound to waste more time, and there’s no guarantee you’ll succeed.
You have to understand that your efforts can only lead you far.
To make a real impact in the lives of people, you need to build relationships with influencers and leverage their influence to create and launch your product.
Of course, generating leads is important when launching your product. Even before you release the product (e.g., ebook, software, plugin) for sale, you should start pre-selling and communicate with prospects.
Ideally, you should build a landing page to collect emails prior to launching your product.
According to MarketingSherpa, “61 percent of B2B marketers send all leads directly to Sales; however, only 27 percent of those leads will be qualified.”
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Leveraging influencers could turn out to be the most powerful marketing tool in your arsenal.
As an example, Sujan Patel connected and built relationships with influencers and expert growth hackers before launching an ebook, 100 Days of Growth.
And in six months, Patel and his partner Rob Wormley sold 10,000 copies of the book, which costs $27 per copy.
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Here are a few resources to get started leveraging influencers:
- Influencer Marketing Guide
- How to Find Instagram Influencers for Marketing Campaigns
- What are Influencer Engagment Marketplaces (and How to Use Them)
8. Launch a Virtual Summit
No matter where you’re as a blogger, you can monetize your blog by launching virtual summits, which are growing in popularity these days.
Many bloggers use summits to connect and build relationships with influencers. Influencers can bring you credibility, reach, and engagement.
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Virtual summits or conferences are powerful. According to Kristen Matthews of Convince and Convert,
Virtual conferences are the most underrated marketing tactic at our fingertips.
Many success stories keep pouring in from bloggers building their lists and income through virtual summits. For one, Aj Amyx earned $16,000 (and 2,300+ subscribers) with a virtual summit.
Here are some of the results of a virtual summit by Navid Moazzez:
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There are bloggers and digital marketers making a six-figure income from virtual summits. You may be wondering whether a virtual summit is the same thing as podcasting. Well, here’s a clear description from Entrepreneur:
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When Jan Koch launched his first virtual summit, he grew his email list by 600 percent, got featured on major industry websites, and become the go-to expert in his field.
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To truly succeed at a virtual summit launch, you need to make it a win/win for the experts who will share their knowledge.
Choose a topic that will inspire people to action, and make sure you have a product to sell at the backend.
How to Montetize a Blog: Frequently Asked Questions
What are some ways to earn blog revenue?
Offer coaching services, on-demand products, and use the blog to build relationships and networking.
How can I convert users better?
Easier navigation, simple-to-navigate design, and clear copy that creates compelling results.
If I don’t want to offer products and coaching, how else can I earn money?
Advertising and sponsored posts are always a good way to earn money if you are popular in your niche.
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How to Monetize a Blog Conclusion
At the heart of blogging is a deep-seated desire to build and nurture an audience.
Most beginning bloggers struggle to make a living from their blogging efforts, because they believed that blogging alone was enough to make them money.
The majority of successful bloggers make the bulk of their money by selling and promoting other products or services.
For example, Darren Rowse makes more money from his Digital Photography School, and Ryan Deiss generates over six-figure income annually from SurvivalLife. There are countless success stories in this regard.
In a nutshell, if you can’t compete with other players in your industry, you may want to switch to other industries where you can become an expert, then get to work building links, get organic traffic, and promoting products and services to your blog readers.
That said, you have to be consistent. Success doesn’t happen overnight.
Which of these methods do you think is the best way to make money as a blogger when your blog generates fewer than 1,000 visitors per day?
Upsolve (YC W19) is hiring a senior software engineer (React, Node, TypeScript)
Article URL: https://upsolve.org/careers/software-engineer/
Comments URL: https://news.ycombinator.com/item?id=28214799
Points: 1
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Pilot (YC W17) Is Hiring for multiple engineering roles
Pilot (YC W17) is looking for many new engineers, to join a growing team on a mission to create a more open worldwide job market.
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We’re a team of 30 backed by Sam Altman, Y Combinator, Credo Ventures, Automattic, Kyle Vogt, and many other amazing investors.
We’re looking for
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Comments URL: https://news.ycombinator.com/item?id=28218374
Points: 1
# Comments: 0
Deposed Afghan president Ghani made snap decision in 'minutes' to flee as Taliban entered Kabul
Ousted Afghan President Ashraf Ghani made a snap decision to flee the country last weekend, doing so without the assistance of U.S. officials as Taliban insurgents entered Kabul, a well-placed source who spoke to bodyguards at the presidential palace told Fox News on Tuesday.
Should You Get a Personal Loan? Here’s What You Need To Know
Did you recently have an unexpected expense pop up? Are you unsure about how you’re going to pay for it? No matter how well we plan our lives out, sometimes we find ourselves in financial pickles that leave us strapped for cash. Don’t sweat it too much, though. You definitely have a few options available…
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