Dot Com Lifestyle

Dot Com Lifestyle Journey Continues

First Published: ADawnJournal.com Published Date : March 1, 2009

Today, I will update you on a few things on my persuasion to live a Dot Com Lifestyle. The following paragraphs may not be related to each other.

Dot Com Lifestyle
A Dawn Journal has been on Google’s number one search results match for “Dot Come Lifestyle” for a while. Right now, it is no longer the number one match, but it’s still staying on the first page as the 3rd or 4th match. Hopefully, it will get back to the top position again shortly. For the “Canada personal finance” key phrase search, ADJ has been in the number one position for awhile.

Internet Entrepreneurship
As an Internet entrepreneur, I run many websites and own a handful of domains. A lot of these websites do not bear my name and as such visitors will not be able to tell who owns these sites when they browse. However, I will always tell you about those sites which have my name stamped on it, such as Canada Personal Finance Blog or Canada Personal Finance Website. I have decided to launch two new websites under my name.

These sites are:
The Green Living Blog – www.thegreenlivingblog.com
Simple Personal Development – www.simplepersonaldevelopment.com

Although these sites are now live, the site design has not been fully completed yet. I will write a post and issue a press release to let you know once they are 100% complete.

ADJ Is Making More Money Gradually
ADJ’s overall monthly income is going up gradually. In its first year ADJ made almost no money, but now I am seeing an increase in income slowly. Internet Entrepreneurship does not make you money overnight. You have to put in lot of research, effort, time, and hard work to become successful.

Trying New Ads
You may have noticed a new eBay ad displaying on ADJ on the right panel. I am trying this new ad to see what kind of money it makes. Also, I have replaced Kontera (www.kontera.com) In-text ad with Infolinks (www.infolinks.com). Since I have done this, my In-text revenue is up five-fold.

eBay and Amazon
What I like about eBay is that they have sophisticated Geo-Targeting technology. For instance, if a visitor from Australia clicks on it, it will take him to eBay Australia; if a visitor clicks from Canada, it will take her to eBay Canada. In this way, I am not missing global visitors. Amazon does not have this technology – I use Amazon Canada for my Canadian sites and Amazon USA for all other sites. This is quite a headache, as I need to create and maintain ads from more than one Amazon account.

I spoke with my programmer regarding Amazon’s Geo-targeting incapability. He mentioned that he might be able to write a PHP Script that would detect visitors’ country and show the appropriate Amazon ad based on its location.  If this can be done, it will save me a lot of time and hassle.

That’s all for today. I will keep you updated on my Internet Entrepreneurship and there will be more posts on this shortly.

Make Money Online | Internet Money Making 101

How To Make Money Online

First Published Date : April 19, 2009 ADawnJournal.com
Writing an eBook

There are very few of us who are lucky enough from a financial point of view to be able to ignore an opportunity to make a bit more money. Even the hardest-working among us may often find that we have reason to consider new ways to make money, whether it be because we have new commitments, or an existing line of finance has stalled for one reason or another. In light of this, it makes a colossal amount of sense to consider other options so that we can maximize  our earning potential. If we could all rely on money coming in when we needed it, chances are that the economy would collapse even further than it recently has, purely because the imperative to work would disappear.

It becomes the case, therefore, that we need to create our own lines of income. There is a limited range of things that we can do to make this happen – again, circumstances dictate that making money is never going to be as easy as sitting back and waiting for it to roll in. Making our own opportunities is important because in the final analysis it is down to the individual to make their own way – relying indefinitely on other people will only end one way, and that way is not an edifying prospect. Finding a way to maximize your potential hinges on one thing above all others – finding the answer to the following question: “What do you have that other people do not?”

Individual expertise is something that just about everyone has to some extent. Even if you do not consider yourself an expert, you will find that there is some talent you have that other people comment on. It may be something quite simple. It could be something that you do every day without it ever really being commented on. It might be technological, it might be musical, it may even be something as apparently simple as being a good listener and someone who is good with individual advice. Either way, this qualifies as expertise whether or not you realize it. And where there is expertise, there is cash. One popular way to turn your knowledge into money is by writing an eBook.

Think of it this way – you have the knowledge, and there are people out there who wish they did. Among these people there are certainly some who would pay good money to have that knowledge. As long as you can take the time to sit down and write a bit about how you do whatever it is that you do, how you learned that you could do it, and how other people could do the same thing, you can make money from this.

There is a growing market for eBooks as people realize that with the Internet revolutionizing our world you don’t need to have a publishing deal to write for money. All you need is a computer and a bit of savvy. If you can build websites yourself, then you can set one up to promote your eBook. If not, then you can set up a blog at any one of a number of free blogging platforms. Take a bit of time out of your day to explore the possibility – it could well turn into a very lucrative sideline for you.

Can’t Afford To Buy Physical Real Estate? Buy Internet Real Estate!

How To Buy Internet Real Estate

First Published: ADawnJournal.com Published Date : May 6, 2009

During a recession, property values tend to decrease, and those who can afford it don’t hesitate to grab the opportunity to acquire some nice properties at unbeatable costs. However, buying physical assets may not be a viable option for everyone due to the heavy upfront expenses you need to go through. But how about buying Internet real estate? Is it still possible to grab opportunities that exist due to economic turmoil and buy assets online with very little money and still flourish in the future?

The answer is:  absolutely yes. You see, domains are like virtual real estate that exists only on the web. There are many similarities between domain names and real estate properties: both of them aren’t increasing in quantity any more, we are dealing with the same quantity today as we were twenty or thirty years ago, and due to limited supply, the price has to go up one day. You just need to buy those that will be in demand in the future.

In order to buy domains, you need to know a few things I discussed in this article – How to Make Money from Domain Names. I believe financial crisis opens up opportunities to buy domains which wouldn’t be available otherwise. In a financial meltdown, businesses close down and people lose jobs. As a result, lots of good domains drop out as businesses don’t need them anymore or people just can’t afford to maintain their domain portfolios.

Opportunistic entrepreneurs grab this opportunity to increase their domain buildups. I purchased most of my high-potential domains in the past few months. Also, I hired many programmers to develop a few new web sites. I can do it now because of low hiring costs available due to the current economic crisis. Entrepreneurs should be always on the lookout to use negative circumstances to their advantage and turn them into positive circumstances.

We all hate economic crises like the one we are going through today. The difference between a successful and a failed entrepreneur can be determined by how well you can use this crisis to build a better future. Yes, opportunities even exist in the midst of a crisis.

How to Make Money from Domain Names

Make Money Online With Domain Names

First Published: AdawnJournal.com December 18, 2008

One thing I like about Internet Entrepreneurship is that you are not limited to only one or a few things. You can make money by doing numberless things, such as blogs, websites, eBooks, affiliate programs, Internet auctions, domain parking, and much more.

What Is a Domain Name?

Today, I am going to discuss how you can make money from domain names. The first thing you may ask is, “What is a domain name?” Let’s look at ADJ’s URL or web address. It is www.adawnjournal.com. Here adawnjournal.com is a domain name of ADJ. A domain name is something that identifies a site, its IP address.

How to Buy a Domain

You can buy a domain through domain registrar companies such as GoDaddy. There are lots of other companies offering domain services, but I use GoDaddy and they are one of the big players in the market. To buy, simply visit a domain registrar and you should able to figure out how to do so. If you are not sure, call their support line or send them an email.

What’s Next?

Once you have purchased your domain, you have many options by which you can use it to make money. I will describe the most important ones here:

·   Do Nothing – You can just hold the domain and do nothing, anticipating that one day your domain will increase in value and someone will buy it for lots of money. You have to be creative in buying if you would like to sell it for a higher price one day. You see, domain names are like Internet real estate and good domains will increase in value in time. For example, Business.com was sold for $7.5 Million and then it was sold again for $350 Million. I do not know who first bought it and at what price, but they almost certainly made a hefty profit.

·   Park Your Domain – If you do nothing and hold your domain, the domain registrar will be making money by creating a default page to direct visitors to your domain. Visitors often type wrong or misspelled domains into their browser and that’s how they end up on these parked domain pages. These pages look like real websites and some confused visitors will click on ads, directories, or search results (which are ads too). Once they click, the domain owner makes money. For example, moneysavingtipsnow.com is a parked domain which I own. So, instead of letting the domain registrar make money with your domains, why don’t you make money for yourself?

·   Or – You can use your domains to promote an affiliate program, sell your own (or someone else’s) products, or create a content rich site to draw traffic to generate income.

There are other ways to make money from domains, but those mentioned above are most used by entrepreneurs.

How to Park

There are many sites offering domain parking services; trafficparking.com, sedo.com, and namedrive.com to name a few. These sites have pages explaining everything you need to know about domain parking.

Final Word

You need to do a lot of research before buying domain names. There are thousands of free tools out there to help with your research. For example, there are tools that will tell you what misspelled names visitors are typing, tools that will tell you domains that are about to expire so you can grab them, tools that will suggest possible domain names to you if you enter keywords, and so many more tools that you can’t possibly imagine. To find these tools, just do a search by entering domain, tools, research, etc.

Something I forgot to mention: how much it does cost to hold a domain? It varies by registrars, but a ballpark figure is about $10 annually. Don’t get confused here, this is not to host a site; the $10 is just to hold the domain under your ownership.

Internet Entrepreneurship needs lots of research, efforts, and time. It does not make you money overnight, but if you can stick to it for the long run, a rewarding life awaits you.

Can You Afford To Outsource?

How Much You Should Be Spending On Outsourcing

After writing my first outsourcing article, I have come to realize that there are just simply too many people looking for information on outsourcing. Look on the top right, for instance. You see, the number one all time popular article on ADJ is on outsourcing—and looks like it will stay there for awhile. To answer the many other outsourcing questions you may have, I have decided to write more posts on this subject. Today, I will give you my opinion on how much you should be spending on outsourcing.

If you are willing to spend any amount on outsourcing, you could go ahead and do it but it would not be a good personal financial decision. When I outsource something, monetary value is very important to me and I would not outsource anything unless I am totally satisfied with the money I am spending.

But how do I know I can afford to outsource? I use a very simple formula. First, I look at the whole project in terms of how much time I would spend to do the same thing. Let’s say I would like to outsource the chore of replying to all my emails. I spend 2 hours daily replying to my email. If, for example, my salary is $10 per hour, I would therefore be spending $20 of my time daily replying to email. Now, what’s a reasonable amount for me to spend if someone else is doing it for me? Simple—it has to be lesser than 1/3 of my own cost doing the same thing. In the above email example, I would only outsource if I could find someone willing to look after my email for less than $7 a day.

This is just how I do things and you don’t have to follow my formula step-by-step. Come up with your own figures that make sense for you. One thing you need to keep in mind: there are some projects on which you will not be able to put monetary value by comparing it with your own hourly rate. These projects are those which need to be done regardless of costs, such as redesigning your website, producing a professional-looking eBook from your word document, etc. For these types of projects, I recommend that you post your projects on more than one outsourcing site and pick the one with lowest cost. Read my previous outsource article to obtain a list of outsourcing websites.

I hope today’s article will help you figure out if outsourcing is for you and what you can afford to spend on it. I’ll be writing more on this topic in the future, so keep checking back. Don’t forget to bookmark this site for later use.