James Avery’s blog

October 7, 2009

Thoughts on Compound Growth - Possibilities and Dangers

Compound Growth of an Online Business

Compound Growth of an Online Business

On Sunday, I posted about how little I was actually earning from my blogs, and how I hoped to enter a steep learning curve in order to improve this. I’ve never been shy of writing content, but the social media arena has always been something I’ve never quite got round to entering. So I decided to hold my hands up and admit to being a total newbie, and see where things go from here. I have entered the steep learning curve of twitter, blog promotion and blog optimisation, and I am looking forward to enjoying the ride. So how realistic is it to expect to follow a growth curve which keeps on going up, and how can website builders ensure that their growth is exponential, rather than just solid and linear. Or is linear growth better?

Well, I have always found the prospect of compound growth far more exciting. Prior to turning my attention to blogging and offline print maps, I maintained a 60-70% annual growth rate on Flightmapping.com. Of course, the big question when anyone makes claims of massive growth is what level they are starting from. It doesn’t take a maths genius to work out that 1000% growth from £10 per month is still just £100 per month. But what if that is just the start, and within a few short months, you can double that figure again several times over?

Of course, the possibilities are endless - and there is no reason why a relative beginner can’t build up a substantial and stable income through building highly relevant content-focussed blogs - providing that there is a revenue stream which can be built from them. It is no use blogging about a subject which either has very few potential readers (although believe me, on the internet, there are people out there into just about anything), or which is just not going to generate much revenue (note to self - stay away from long political rants!).

So what are the dangers?

Judging by the endless streams of spam on twitter, the first pitfall has to be to go down the ‘I made millions of dollars online and so can you’ route - almost all of these systems are built on bringing more people in below you in the pyramid, and they just aren’t actually out there to generate any kind of sustainable income, except for those who are in right at the very start. Quality content blogs take time to build up, and this is the big question. Do you have the time to spare? Can you sit back and wait for your websites to grow? Well the good news here is that you will never have to sit around twiddling your thumbs - on the internet, everything can move like lightning, so it’s totally unlike opening a retail store and waiting for the punters to come in off the street. The simple question is - can you build up your website(s) quickly enough? Well, as long as you are starting off by building your website as a secondary income generator, the answer should always be yes. Expecting to become a millionaire overnight is almost certainly going to land you in disappointment.

So even if the rate of growth slows down as you get bigger, it still pays to go for explosive growth.

Happy blogging!

October 3, 2009

Last month I made a paltry £10 through blogging. I just want to double this each month!

Forget about all these wild claims about making thousands online from signing up to someone else’s automated scripts programme!

I don’t want to earn a fortune, I just want to double this amount every month for a year! Hang on a minute, after a few months, this starts to look quite juicy:

September £10
October £20
November £40
December £80
January £160
February £320
March £640
April £1,280
May £2,560
June £5,120
July £10,240
August £20,480

Oh, the powers of compound growth! Of course, doubling for the next few months should be child’s play, but who knows what will happen after that.

To clarify - I am looking at building up Adsense and perhaps other affiliate revenue from blogging alone, and not from Flightmapping.com, which is a dedicated travel website, albeit one built using very last millenium web 1.0 Architecture! Flightblogging.com is a standalone blog related to, but getting very little traffic from, Flightmapping.com, and my own personal blog is now building up slowly too. I also expect to re-instate a couple of other long standing blog projects, whereas the World Tube Map concept may evolve into an online discussion with some revenue opportunity, but the main aim of this is to actually sell physical printed maps, which don’t count as online revenue.

You might ask why current earnings are so low. The reasons are simple - I am a relative latecomer to the social networking and blogging scene, having put so much effort into building Flightmapping.com as a content portal, and focusing purely on SEO around the quantity of text, rather than playing the link building and social networking game. I am declaring my hand as a newbie in this field - and I want to learn - FAST!

Hopefully progress will develop with some good advice from friends old and new.

As always, keep your seat backs firmly upright, Pay Attention Meticulously, and enjoy the journey!

March 31, 2009

Sorry for the downtime

I’m sorry that my blog was out of action this afternoon — this had nothing to do with any kind of legal threat from Adfero (note that voice recognition calls them added zero, I think that sums up pretty well too!), I just encountered technical glitch trying to upgrade the WordPress template.

Why is it with computing that something which works perfectly well on one site cannot then get repeated on a virtually identical site the following day? As always, the devil is in the details — it turns out that tiny little differences in the WordPress configuration file can result in the whole blog not working, and all you get to show for it is a blank screen — no error messages telling you where you have gone wrong, and nothing from WordPress themselves saying how to fix the problem.

Fortunately, I managed to pull myself away from my computer and take a break, rather than repeatedly going round and round in circles, which is so easy to do when faced with an eye explained coding problem like this. Back with a full stomach and a clear mind, the logical thing to do is to search out a few forums, but sometimes the obvious search term (WordPress reinstall) isn’t enough detail to get the answer. When I searched again for ‘ WordPress reinstall blank screen’, I came across a very useful post entitled solution to the WordPress blank screen of death, and this explained how the writer had experienced a similar problem I had, but he had wasted a whole day trying to fix it.

I realise as well that this WordPress upgrade means my blog should now appear back on the UK affiliates forum, so I guess that means I should try to make most of my posts relevant to affiliate marketing.

This is the first time that I’ve been blogging regularly since the end of 2007, a period when I went through a lot of, well let’s just call it personal turbulence — I now have a separate blog called Mind Pilot which looks at those issues. Of course, Flightmapping.com still has its own blog (Flightblogging.com), and this has really started to pick up over the last few weeks, so even though this covers topics from the point of view of the traveller rather than as a direct revenue earner (of course we add affiliate links where we can), I hope there are a lot of useful tips there for affiliates who are out and about, especially as independent minded travellers are exactly the kind of people Flightmapping has always been aimed at.

In order to try and keep this blog more on topic for affiliate marketing purposes, I’m also planning on launching a new blog shortly, which will be called Bling My City. This takes the concept of Web 2.0 to city development and asks how urban infrastructure can and should respond to the demands of the Internet age. This is where I will park most of my political rants, as I think it is fair to say that most politicians and city fathers are well behind the game when it comes to working out what citizens and consumers really want. This blog won’t be a strictly affiliate blog as such, but I hope it will make interesting reading.

March 19, 2009

Can you map tomorrow’s internet — Introducing Thinkansen and Linkansen

Right now, the world economy might be going through turbulent times, but what is the Internet landscape going to look like when all of this dies down? The only thing that is certain is that there will be uncertainty — the only thing that will remain constant shall be the pace of change — business will proceed at the speed of thought (as per Bill Gates) — how many more clichés do you want?

I’m looking at the Internet, and constantly asking three questions — 1) if the methodology that made Flightmapping.com successful two years ago is no longer relevant, how do we change to adapt? 2) how can I use the Internet to discover new opportunities, especially in the field of architecture, where my real passion lies, and 3) how will the concept of social networking evolve, and will that genuinely create new opportunities to find like-minded contacts, or will it just be a way of keeping in shallow contact with people who I don’t really have much in common with anyway?

Ultimately, all of these questions are irrelevant if they aren’t considered in the context of the real world that is out there beyond cyberspace. I have seen a number of Internet commentators try to draw up maps of the so-called Web 2.0 environment, based on Tube maps of one city or another, but cyberspace extends well beyond the boundaries of any city walls. Again, there is the oft quoted cliché of the global village, but what does this really mean, when most of us don’t even know our actual neighbours?

Last night, I was looking at a blog post about how to get 2000 followers on twitter, but I was repeatedly asking myself what the point of that would be? On the other hand, there are still some similarities between the thinking behind Flightmapping and the basic concept of twitter. Twitter is all about condensing messages into 140 characters or less, and they perhaps most famously gave an acceptance speech at an Internet awards dinner in twitter format by saying ‘we’d like to say thank you in 140 characters or less, and we have just done so’. Mapping flights is all about looking at two cities, and the links between them. So in Flightmapping language, LHR-JFK-BA (eight characters and two spaces) would represent a flight from London Heathrow to New York JFK with British Airways. Twitter might condense a whole speech into 140 characters, but just three letters of an IATA code can represent an entire city.

Unfortunately, in the real world, we are actually moving backwards in many ways — following the demise of Concorde, the quickest flight time between London and New York has doubled, whereas many cities around the world are becoming increasingly difficult to get around due to road congestion. There is also the prospect that people will actually physically move less as they seek to shrink their carbon footprint.

Meanwhile, London commuters stuff themselves into crowded trains, but instead of being able to enjoy any kind of social atmosphere (thanks for the alcohol ban Boris), people are more likely to blather on twitter to users who might be thousands of miles away, rather than speak to the person sitting next to them.

This brings me on to the two words I put in the headline to try and describe where I think the Internet is heading. They are both taken from the Japanese word Shinkansen, which means bullet train:

Thinkansen

This is simply the idea that in today’s world of constant media overload, the mind can be distracted into thinking about anything at any time, and that there are no physical barriers to the speed at which the thought process might jump from one activity to another. This creates huge opportunities for digital marketers to draw attention to the products they are trying to push, but how does the individual person make him or herself heard above all the noise? In terms of travel, and urban planning, how can a city ever keep up with the constant fluctuations in interest which are taking place on the Internet?

Linkansen

This is the Internet response to the concept of 6 degrees of separation, and the combined effects of millions of people interacting with websites due to ‘Thinkansen’. Random Internet surfing, especially on social networking websites, can lead the user all over the place within the space of a few short seconds. Does that mean that it is best for websites which have built themselves up over a period of time to continue to invest in traditional content, or is it better to look for that holy grail of viral marketing? Can you ever formulate a business plan based on viral marketing?

What does this mean?

Where does that take us over the next few years? Who knows, but right now I feel that there are a lot more questions out there than answers. We might keep on hearing on the news about the impact of the credit crunch, but I still think that many websites in the affiliate industry will owe their success or failure far more to Google, and their ability or otherwise to benefit from social networking, than they will to surviving the credit crunch and other economic challenges the country may be facing.

So jump on, and get ready for the ride of your life. There will be many more ups and downs, and you may well have to change train many times before you find yourself moving towards the right destination. But one thing is for certain - nothing will ever stand still.

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