October Was My Best Month Ever Online… Here’s Why

I may have told the story a few times… but I’ve been dabbling online for a couple years now… but really seriously only for the last 6 months or so.

Way back in late ‘06 I started The REI Brain dot Com to help teach investors what I’ve learned about real estate investing… and what other successful investors have learned as well.  That site didn’t start to churn a real income until about March of ‘08… not because it was hard to get it to that point…

… but really because there were specific steps I should have taken a year and a half ago to drive traffic and to monetize the site that I didn’t take until the middle of ‘08.

A Month In Review…

I’m not one for posting monthly “income reports” like some other bloggers do… nothing wrong with it… I just don’t feel the need to validate myself by showing others what I make.

But, October was an exceptional month for me online (what’s exceptional to me might be pennies to someone else. It’s all relative.)… and I want to kind of break it down a bit how it’s happening.

First off, my online income isn’t all of my income at all… I run a marketing consulting biz and have several great clients on retainer… I own rental units… and I’m actually taking partial ownership to a great company with an excellent partner that I’ll let you know about later on.

But, my online income is fastly making up the majority of my total income… which isn’t a problem with me.

So, here it is… Here’s what I’ve learned as far as how to make money (online or offline)

Providing Value

I’d always heard people say, “If you provide value to other people… true value… you’ll get it returned to you 10x over”.  I’ve always believed it… but I guess I had a hard time figuring out what kind of value I could provide to people.

Anyhow, when I started the real estate investing site I was just posting articles with my commentary.  They were great articles and still bring in some traffic to this day to the site.

But…

I re-looked at what I had written on the site… and it provided value… but nowhere to the point that I had a vision to do for my readers.  My readers are investors who are looking to be successful and make better lives for themselves through real estate… and up until early ‘08 my content truly wasn’t “instructional” enough to really help my readers find that success.

So…

I started to write tutorials, unbiased reviews of products, do free full content webinars, and started to help other guys with great websites and products (that I truly felt were great resources) spread the word too.  Once I started to provide “real value” to my readers it started to come back to me big time.

Product reviews make up probably 40-50% of my online income.  In October these reviews churned in a decent mid 4 figures.

Advertising hasn’t been as big as I’ve wanted it to be… but I really haven’t done ANYTHING to attract new advertisers… that just produces a few hundred a month… but hey, that more than pays for all of my own advertising for the site… so I’m just fine with that for now.

Letting readers know about products (not full reviews, but rather by friendly endorsements) has been pretty good to me… and made up about 40% of my online income again… so mid 4 figures in October alone.  The key here is to once again provide value.  I don’t pitch every product that comes to me… in fact I only “pitch” about 5% of the products that come to me… and they have to meet my own criteria or I won’t endorse them for my readers.

• Have to be of true value… provide great content and instruction for a reasonable price
• Have to be actionable… if something can’t be taken and immediately put to action it’s pretty much worthless to most customers
• I have to actually see and use the product myself… most people online will endorse any ol’ product that comes their way to make a buck.  I guess I’m a bit “odd” in this respect.  I want to build trust with my readers so I only endorse products that I have used and truly believe can help them get to the next level in their businesses and life.  Pretty simple to me really… that way I build value and trust over the long term rather than looking for short term gains.

Those are the main three criteria I use before I promote another persons product.

What All Of This Means…

I know, I know… I tend to get off on tangents sometimes and that’s something that I’m trying to work on right now (my wife always points it out to me when I ramble .

Anyhow, this all has a point and does circle back to the title of this post.

All in all, October has been my best month online and I crossed over 5 figures in PROFITS (not gross revenues)… which was about 3k better than September… and September was better than August (nice little upward trend… like I like to see it .   A $4k day at the start of October helped out a bit for sure… which I can tell ya about later on if you want to hear it.

When I got to adding up my income from October and trying to analyze exactly why the income keeps going up every month… I started to write down the things I’ve been doing recently that I wasn’t doing a year ago.

And it was a bunch of simple stuff… but mainly it all boils down to providing TRUE VALUE with no catch.

I’ve been putting out great content for my readers and clients, being honest, and having no catch.  By no catch I mean… I don’t put out a half assed article or video and ask people to pay a kings ransom to “get the rest”.  Heck, my buddy Patrick Riddle and I even did a full 2 hour workshop completely for free and didn’t pitch one single product on the damn thing at all… but, since that workshop the list that was generated from that little free workshop has generated multiple 4 figures a month… pretty nice huh?

October has been my best month online… not because I’m selling people harder or more… but because I’m giving them more… and being honet with them. That’s all there is to it.  I help my readers get where they want to go in real estate investing and don’t cram affiliate offers down their throats everyday.  Basically, I treat my readers as if they are my close friends (which I kinda have grown to really think of them that way) and I do what I would do for my firneds really expecting nothing in return… but knowing that by helping them it always comes back to me way more.

And… when it comes to the point where I actually create a product and offer it to my readers (which that is coming up very soon… and it’s going to be of huge value)… my readers will trust me more and will already have a high perceived value on my information.  And… of course, any product that comes out of any of my websites or companies will be the best single product to solve that particular problem on the market… and it will be the single best way for my readers to solve that problem. Period.

Anyhow, I’ve gotta sign off… heading to the Oregon State and ASU game today… gotta get ready.

Chat soon. Provide more value.  And help people out along the way.