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How to Make Money Blogging There are two major types of business models that entrepreneurs use to make money blogging. The first and most common way to turn a blog into a profit making machine is to sell advertising to different companies and brands who want to reach that blog's readers. The second kind of money making blog is one that helps a single brand improve its image by creating positive associations between the blog and the product in the mind of consumers. Both kinds of blogs can make a lot of money, especially if the creator has a keen mind for marketing. If you are blogging with the goal of selling advertising, there are two basic ways that you can go about recruiting sponsors who want to put ads on your site; you can let someone else do all of the legwork, or you can do the work yourself and keep all of the revenue. Within the first group, many people make money blogging by selling space through Google's AdSense program. The advantages of this program are numerous, as it requires very little effort on the part of the blogger or webmaster to begin raking in profits. However, most people discover that they make less money through this method than they had hoped that their blog would earn. Selling advertising directly to companies who want to put banner ads or sponsored links on your blog can take quite a bit of time, but it is often fairly lucrative. If you have a lot of contacts in industries that are related to the topic of your blog, you may want to try to go this route. People who have a strong background in sales and are experienced at pitching proposals can make quite a bit of money by renting blog space to interested companies. The most serious problem with this model is that you often have to build quite a sizable readership before you can attract advertisers, which can mean that you have to do several months of work before you start to make money blogging. As blogging becomes a more and more lucrative business, a lot of established companies are considering how they can get into the action. One way that companies are capitalizing on the blog movement is by having blogs that provide a kind of friendly face for their corporation. Often, a company will employ an established blogger to create a weblog designed specifically to appeal to that company's customers and to create positive associations with the brand in consumers' minds. More than one writer who never even dreamed that he or she could make money blogging has been approached by a company and offered quite a pretty penny for this kind of gig.     This post was edited by MD4GROUPS MD4GROUPS at March 1, 2023 12:08 PM EST

8 BIG Small Business Mistakes Here’s an interesting notion: Do you realize that there are mistakes you can make at various stages of your business’ growth that can be slowly killing it for months or even years if you don’t watch for them? Well, these mistakes do exist and they are not just reserved for the rookie companies. Many working businesses, including those you might think are “successful” because they’ve been around for 10+ years, are often still making them… and are possibly losing a lot of money and/or wasting a lot of time in the process. Although some of these big and sneaky mistakes seem aimed more at service type companies, they really do fit the bill for almost any type of industry. I’ve done my best with the listings below to give examples to prove it. Underestimating Project/Service Time- This is a big one and it pertains to service companies as well as companies that sell a product. This is a service company’s bread and butter. If you don’t estimate your time to perform each and every service in your repertoire, you will get burned and there is little you can do about it but bite the bullet and learn from it. The best way to estimate time is to do it once yourself or watch your best employee do the task and then throw in a little fudge factor on top of it. For product companies, time becomes an issue with logistics so be aware! Not Knowing YOUR Company Numbers/Incorrectly Setting Prices- Notice I emphasized the word “your”. It’s a common mistake to use a competitor’s as your pricing gauge without actually knowing why they use those numbers. Think about the nightmare you will get yourself into if you take a competitor’s price, cut it by 10% and then start selling. What if the competition has a bad pricing structure and is barely making money or even losing money?!?! What if your costs are more than theirs?!?! You can use competitor as a starting point but you can’t base your whole strategy on it. Different industries have their own variables as far as costs go and you need to be aware of them for your project or product pricing. What you pay for a product you are going to sell is not the only cost to have in your head when you are pricing products. How much your labor and materials cost for a service is only a piece of an hourly rate. Employees cost more than just salary and not every employee is part of your labor cost. Every company has insurance to pay for. There are tons of overhead expenditures that need to be part of your price. Oh, by the way, the big one that many people forget about in their price is the quality factor. What you include as “standard services” or “standard product features” as well as job site etiquette or in store service or warranties all need to go into your pricing. I’ll get to more on why in the next segment. Not Charging for All of Your Time & Costs- This seems like a stupid statement to some but I bet most business owners will admit that they have given away a little too much of the farm at times. Hey, there is nothing wrong with giving a little extra here and there to show you care. But either way, that’s not what I’m talking about here. What concerns me are those that put a lot of quality into their work or products or stores and do not cover the cost for it. As an example, say you run a service company and your competitors don’t do a certain standard service that you do. You can’t just undercut their price to steal a job; you need to have that cost covered in your rate and advertise the fact that it comes with the price upfront. Stores undermine themselves, for example, when they put more people on the floor for customer service but don’t charge for it. These things cost you money and when your competitors don’t do them it costs them less money. Put out better service and then under price them, and your competition just has to wait a little bit for you to fall on your face so they can swoop back in. As a business owner you need to believe that you are providing your clients worthwhile wares that deserve to be paid for. If you get the chance to explain why your prices are higher, then take that opportunity and do it. If they don’t like the fact that you include things that others charge extra for later or that you treat them better, then they are most likely completely price shoppers. You don’t want them as regular customers anyway. Trust me. Not Getting Paid Fast Enough- That’s right, the old cash flow issue. As long as you are actually making enough money to pay the bills, this problem can be solved, prevented or at least made to be not as bad as it could be. Here’s the deal: First off all, bill customers very promptly. It is very common for a small business to not have the procedures or systems in place to get invoices generated and out the door in a timely fashion (see the next segment for more). Again, this would seem unlikely since that’s the reason why we are doing the work- to get paid. But it is very easy for the people responsible for getting this info to the billing people to be too busy to get it there or not have enough organization to give it to them the right way. The second part to slowing down or stopping a regular cash flow crunch is to make the quickest payment deals possible with customers and the slowest possible with vendors and employees. If there is any way not to pay employees any more than twice a month, you better do it. Contractors always have an issue with this. If you must pay weekly, then tell them before they are hired that they will be getting the first week held back, essentially buying you a week. It will help, I promise. Part three involves credit. If your company can get a credit card, then get it. This allows for certain important things to be bought (that you can afford) that might come up during a cash flow crunch. Better yet, especially if you have no choice but to deal with 45+ day customer payments, do your best to get a company line of credit. This is a must if you plan on selling to the government or doing commercial service work. These clients often have 60 to 90 day wait periods. Failure to Have Solid Systems and Procedures in Place- Too many procedures (known as “red tape”) is the reason why many people start their own business in the first place. Unfortunately, having no procedures and systems in place at all is not an alternative. Depending on the type of industry, business owners must come to a happy medium or chaos and the unknown will ensue. Some basic examples where procedures or systems are needed include billing, collections, payroll, hr (interviewing, hiring, vacations, benefits, job responsibilities, etc.), manufacturing, operating equipment, maintaining equipment, inventory, sales calls/visits and logistics to name a few. Even a one person show needs to have some admin procedures in place. This will make it easier to hire temps and subcontractors and control what they are doing for you. Without at least a watered down version of a system or procedure to do everyday work, you will be to blame for causing many major headaches as your company grows. I can’t emphasize how important this is for when you bring on new employees. I’m sure you heard this before, but I am also a big proponent of having an employee handbook even for one employee. It’s amazing the trouble people can cause business owners just because they allow you to pay them. Spending Advertising Money Just to Say You Advertise- I would almost rather see my clients not advertise then to spend without regard to tracking the results. There is no point in a marketing campaign if you do not put things in place that allow you to measure how well the plan is working. The other wasteful part of marketing that many people make the mistake of doing, is not tracking their previously successful campaigns. Why some people think that just because a $400 dollar a month ad worked once very well for one busy season, that it will automatically work every year after that is beyond me. Spreading Yourself Too Thin- This is a classic mistake made by every entrepreneur. The key is to figure out when you are at that “wearing too many hats” point and start getting some help. The solution here is to know your strengths and to be able see when you are not performing the duties that demand these skills. If you are the best sales person on the company, you can’t get caught up in day-to-day operations. If you do, sales will slip and eventually you won’t have any operations to worry about. Think about this to help you figure out if you are spread too thin: Did you really go into business for yourself to work 80+ hours a week? Not Getting Help Soon Enough- Set goals to know when to hire people to take over where you are light on knowledge. Not getting help or waiting too long can kill a company. Most people who start a business do it because they are good at the technical end or the sales end. If you know the best way to make a widget, then your strength is in production and that is where your time should be spent. Hire an outside company or consultant to take care of the sales and marketing and then hire inside when you can afford someone full time. Don’t be something to your company that you are not. It will only hold you back. The three big issues people like to tackle themselves but usually are least knowledgeable about are legal issues, accounting/bookkeeping issues and daily operations issues. The odds are that these three things are your weakest link so if you don’t have a partner that has the background for these subjects, then be prepared to get help as soon as possible. It’s preferable that you do this before you start a business. Although looking for these problems at any time is a good idea, the end of a year or season is an excellent business interval to make sure you are not making these errors. Take the time, or make the time, to fix these problems. If you don’t know how to reverse the problems, then get some help. If you really don’t have enough time to either figure out if you have these issues or know they are there and can’t break away long enough to do it right, then get some .   This post was edited by MD4GROUPS MD4GROUPS at February 28, 2023 10:19 PM EST

. This post was edited by MD4GROUPS MD4GROUPS at February 27, 2023 12:09 PM EST

The Fastest Nation It’s quite usual for us to get to know that some American athlete wins another world or Olympic title in sprint event. Last time it was news from Helsinki World Championships, where the Americans had clear superiority over others in individual sprint disciplines. They won more titles than all other nations taken together. Of course, that’s not every time that it happens, but the advantage of American athletes which is due to their high level is obvious. While athletes from other countries come to sport elite and go away, Americans always stay in. Moreover, it’s impossible to imagine the sprint elite without Americans. They dominate short-distance running championships now. They have been dominating for all history of modern athletics since the first Olympic Games in Athens in 1896. To prove this point of view I’m giving the so-called rating of all nations’ Olympic performance athletes of which ever took prices at the modern Olympic Games. A nation gets 3 points for every gold medal, silver is 2 points and bronze is 1 point. For example, at the 2004 Olympics the Americans won all medals in men’s 200 meters dash. In women’s 200 meters dash a Jamaican won gold, an American got silver and a Bahamian got bronze. Thus Americans get 8 points, Jamaicans - 2 point, Bahamians – 1 point. Summing up points for all years we get following statistics: 100 meters: USA – 120 Germany – 22 Great Britain – 20 Canada – 14 Australia – 13 Other countries – 69 200 meters: USA – 117 Germany – 18 Jamaica – 16 Australia – 14 Great Britain – 12 Other countries - 63 400 meters: USA – 97 Germany – 22 Great Britain 20 Jamaica – 13 Australia – 12 Other countries – 52 In every event Americans are far ahead of others. However, even if we take into consideration such a huge advantage, it might be still wrong to say that other countries’ athletes are much worse trained. During the twentieth century there were stars among British, Canadian, Caribbean and other sprinters whose achievements have become part of sports history. Many of them are Olympic and world champions. There also world record holders among them. Now we talk about Asafa Powell, Veronica Campbell and Tonique Williams-Darling. We also remember Linford Christie, Donovan Bailey, Marita Koch and Marie-Jose Perec from the past. However, the point is that they are the only representatives of their nations. They come into sports, show outstanding performance and go away followed by no compatriots matching their level. But only the USA athletes show high-level performance constantly. It’s quite hard to find reasons for it taking into account that the level of training process is also high in many other countries. Actually it is not the training process itself that differs the States from other countries. It is rather sports system organization which selects, raises and motivates athletes. Prevalent approach to athletics There are two models of sports system organization in the world. The first one is the system of state financing developed in most countries. State Sports Department exercises supervision over Sports Federations which provide athletes with good conditions for trainings, medicine care, opportunities for preparations and so on. The State takes care of athletes from the beginning of their career and they feel comfortable in such conditions. Many of them come into athletics and train like for fun, considering running from this point of view: “I have an opportunity for training. First I will train for fun and will see if I am good in running. If I’m good, I will pay more attention to trainings. If I’m not, I will just enjoy the achieved level. My country will take care of me and will give me an opportunity to afford such “pleasure” trainings.” For some of them sprint is a hobby. Some of them achieve good results at the local level performing time of 10.4-10.2 seconds in 100-meters dash, and think that it is good enough. Those who are highly motivated progress further and sometimes take prizes at international level. But most of such sprinters don’t even reach a 10-second barrier let alone 9.8-9.7 second time which is necessary for major competitions. So there are no good selection process and no high competing environment in such a system. The National Collegiate Athletic Association One more model is when business interferes with sports and government doesn’t take part in the process simply providing the athletes with conditions. Such model is developed in the USA. Besides professional sports, there is a unique system of university sports organization which gives birth to a huge amount of world-famous stars in athletics. The National Collegiate Athletic Association sports are fantastically popular and widely covered on television and in press. Even world-known bookmakers provide lines for bets on NCAA leagues. No country in the world can boast of such situation. College teams receive huge money from their team sponsors and are interested in achieving high results attracting well-trained athletes. It means that skilled athletes receive scholarships which cover expenses on study and living. For many of them such way is the only chance to enter a university. Thus athletes who competed for a university team are highly motivated in achieving good results. They don’t just train, they secure stability of their lives. Very often at NCAA championships college athletes achieve higher results than professional athletes of other countries. There is one more positive aspect of the USA model. Several sport events are extremely popular in the United States. These are football, basketball, baseball, hockey, track and field and some others. Almost all universities have their own teams for participating in these sports. If an athlete at the beginning of his career chooses some event, and some time later it turns out that he is much better in some other event, he can simply change an event within the same university. There are many such examples among Olympic champions at sprint events. Marion Jones who was member of her university basketball team, later became the fastest woman in the world. Famous sprinter Ato Boldon started his career playing soccer. Jim Hines used to be a baseball player in his early years. Eddie Tolan won Michigan state football championships as a high school boy. Much more examples could be mentioned. Such conditions give an opportunity to find out really talented athletes, and hard competition compels them to develop their skills very fast. Yesterday’s NCAA champions become top world athletes today. Now it is John Capel, Shawn Crawford, Justin Gatlin, Jeremy Wariner and Lauryn Williams. In future there will be new stars and the National Collegiate Athletic Association model will never fail. It’s worth mentioning that Caribbean athletes are good too. But note that many of them studied in American universities. One might ask why American athletes are not so good at long distance running as they are at sprint events. The answer is simple – they like action. It’s much more interesting for them to watch a 100-meter race during 10 seconds than wait for the end of a 10-kilometers race for a half of an hour. They are crazy about eye-catching shows. And what could be more eye-catching than short-distance running? It’s not just a part of running or athletics, it’s another kind of sport, where limits of human body performance come out. That’s why they just go and grab world and Olympic titles in sprint and left the rest of events for the others.