Over the next few weeks, I will be starting another new blog. The plan is to launch at the beginning of January. I don't quite plan on revealing the topic yet, but I think that it will be a great topic and incredibly useful to lots of individuals.
The best part is that I am now making enough with my blog, Cash Flow Mantra, that I can afford to partner with a few fellow bloggers and pay for 4 articles per month with some of the money that I have been making. Right now, I have enough money in my PayPal account to pay for about 4 months worth of articles.
My plan all along has been to spend my time to develop an online income stream rather than any money. I have successfully done that and haven't spent one dime of my own money. Rather by starting with HubPages and eHow, I was able to earn on a platform with no upfront costs.
Then, once I got affected by the first Panda Update, I finally got the guts to start my own WordPress blog. Of course, I have to repeatedly ask myself why I didn't do so sooner. I would be much farther down the road had I done this 18 months ago. I might be making double or triple what I am making now.
If this new blog is anything like CFM, it should take about 6 months for me to be making enough to pay for the costs of paying for content and begin making a profit. Then, I could start another blog with the additional proceeds and pay for more content. The goal would be to keep my writing load the same while increasing my internet exposure and earning possibilities. It would be a lot like reinvesting dividends and compound interest.
Of course, having cross-marketing opportunities across the different blogs will help. I suspect that this new blog will grow much faster than CFM because I have some experience getting traffic but also some writing partners who will help in that realm and benefit themselves from the traffic.
It is going to be a busy December getting ready, but I am looking forward to it. Wish me luck. I will be sure to let everyone here know the name and topic in a week or two.
I am just a neophyte learning to make money online. I am excited about the opportunities and hope to share what I am learning.
I am also interested in real assets such as gold and real estate. I have a blog on these topics as well. Be sure to stop by and check out both my blogs.