Baker's Dough: How The Rich Get Richer Online
“If you want to be rich, simply spend your life buying assets. If you want to be poor, spend your life buying liabilities.”
-Robert Kiyosaki
Yesterday I received an email from the awesome people over at fiverr. Fiverr is a site where people offer their services for a fixed priced of only $5. The categories on fiverr vary from a wide-range to eBook Design-social media marketing-fun bizarre things and much more. I like the moves that fiverr is making currently. They have recently added new levels for their uses. The email I received yesterday is below:
Hi Baker,
Welcome to the big league! You’ve just become a Level 1 Seller.
Here are the new features that you unlocked:
1. Offer your buyers the option to order your gigs multiple times at once. This option will be visible to your customers in the gig page.
2. Offer your buyers Gig Extras™ for $5 or more. Extend your gig offering by providing your buyers with the option to upgrade their order and have a better value for their money. You may add gig extras from your gig edit menu.
To keep your shiny new status, be sure to play fair, deliver your work on time and maintain your good rating. Performance drop may lead to level drop.
Keep gigging!
The Fiverr Team
I have moved up to level 1 on fiverr, and I ‘m pretty excited about it. I like having people within the spirituality, personal development, and self help niche, come on and guest post on here and get their content featured to share with the world. I think one of the reasons I got chosen and moved up to Level One Seller by Fiverr is because I maintain a 100% Gig Rating and all positive reviews so far, which is great. I also deliver pretty quickly. I usually have the guest article up live on BakerTheBrand.com the very same day the order was placed.
This leads me to talking about how the rich get richer online, and why blogging is a long term asset .
The Blog: A Long Term Asset
The rich get richer in the United State of America. The poor get poorer. This is how it has always been, but now more than ever we are seeing more and more of this in the mainstream media with the Occupy Wall Street movement. The rich get richer because they’ve built systems overtime, that work. One great way that the rich get richer online, by building an online presence. One great way to build your online presence is by starting a blog, like the one you see here. A blog is a huge asset to building wealth in the long-run. I will share with you building a well defined niche blog will get you richer and richer.
A blog is like what you stand for. It isn’t really about selling at all. Sure, you will have things sale on your blog. I have things I recommend on my blog, but that’s all.
Real Estate Investing Generating Passive Income
When I was 20 years old I read a book by Robert Kiyosaki Called Rich Dad Poor Dad. in this book Robert explains one way of making passive income through real estate investing.
Basically, in a very condensed and overly simplified example according to the book, investing in real estate to generate passive works like this:
1. Purchase an investment property
2. Rent out investment property to tenant(s)
3. If the tenant(s) are paying you above the price you are paying for your regular monthly mortgage… The difference between your regular monthly mortgage and the tenant(s) rent pay is passive income to you.
So to skimpily, if you find the right property investment, get the right tenants, and they pay over and beyond the price you normally pay for your mortgage each month, you are making cash flow or passive income each month. You can see if you do this with one property successfully, you can then duplicate, triple it and so on…
You collect the money each month as passive income, with little to no work (general maintenance of property is all you need, but even that you can hire a property manager to look over your property) This is a nice space to be in. As earning enough passive income to afford your desired lifestyle is foundation of true financial freedom.
Blogging and Generating Passive Income
The Passive Income Model for A Blog Looks Like This:
1. Build A Valuable Blog and Get Targeted Traffic to You Blog.
2. a. Attract Advertisers To Come On To Your Blog and Pay You.
b. Offer affiliate products that you’ve used and recommend that match your blog theme for purchase.
3. Continue To Update and Maintain Your Blog With Quality Content.
4. Collect Passive Income.
When a blogger has built his audience up and his traffic up to a certain point, the blogger can than, if he chooses to start monetizing on his blog and start earning passive income. There are several ways to go about this. But, one that continues to do well for me personally, are advertisers coming to me, wanting to pay me to advertise on my blog. Advertisers come to me asking about placing ads on my blog, and paying me a monthly fee. They do this because they know the value of being featured indefinitely on my well-known spirituality Google pr rank 4 blog. That plus the fact that my blog is just ridiculously awesome, filled with epic content. Overtime, I’ve created over 400 articles on a nice niche and built a brand around my passion of spirituality.
The Money Is In the List
Another thing is gradually developing targeted email list. Many people that have made a good deal of money online, always say that they should’ve started their email opt in list sooner. I recommend Aweber’s email opt- in service. I am sure all the amazing tools on there, will be a valuable asset to earning passive income for your blog.
The key ingredient though really is especially when starting out with a blog is build a readership and get natural traffic. You build this by centering your blog around topics you are passionate about, and that get you excited.
Getting Creative: Blog About Your Passion
What I recommend people starting out with a blog, is to stick with something either you know a lot about, or are in the process of learning more about that gets you excited, or that you are passionate about. If you start a blog around something that you think will just make a lot of money, I can tell you right now from my own personal experience, you are going the wrong way. Creating a blog, just to get a quick buck won’t last very long, because the market is saturated with fake scammers trying to make a quick buck online. That’s not how the Baker rolls. You shouldn’t either. Instead take your time with how you want to develop your credible business online. Real online money takes patience and perseverance.
Baker’s Simple Recommendation
A site I recommend to get started with a blog is the one I use: WordPress.org
You can use others that you like, but a majority of professional bloggers use wordpress.org. There’s a lot of features you can use with a wordpress.org blog, including monetizing on your blog when you are ready for it.
The new blog is best to be started around a topic or something you feel drawn to and have a passion for. When you have been building your brand presence you will see that more people want to be on your email list, because you give awesome quality things. SO that is how you build readership and make more money. The GREAT THING is that you don’t have to limit yourself to one blog. you can have several small niche sites and those act as your asset income streams that produce passive income each month.
Develop Your Blog Have Fun!
Blogging is fun. The more fun you are having with it, the bigger your blog gets. The more you get engaged with your topic, the more others sense how real you are, and this builds rapport and trust. A blog is only really an asset if you stay persistent with what you write about, and that comes from being passionate about what you are producing.
Also a big mistake many bloggers make is comparing themselves to other bloggers. That’s like playing a game of basketball and every time your opponent scores you are calculating in your head how much he is scoring. Just focus on what you can control, and have fun with you blog. You’ll see results as you move along. But the idea is to have fun with it and enjoy the process as a journey,not a means to an “end.”
That will keep you trapped. Just do you, and you will do great. It is really about creative self expression here, there is not “right” or “wrong” way to blog. I’m passionate about helping others become more aware, and inspiring people to live their dreams from the inside-out. I don’t have to really force myself to write about what I’m passionate about, because it comes out naturally. A skill I developed overtime, because it was more of a “calling” for me, rather than something I felt obligated to do. So, really the development is me just creatively expressing who I am. I love blogging. I make dough just by being me on here. There can’t be any other gig that does this.
Keep Creating,
