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Home » Start Your Business

How to Fund a baby or any other dream

How To Fund Your Baby or Any Other Dream

Maren Kate writer at Escaping the 9 to 5 inspired this post. Maren ran a promotion on her services to fund her Escape to Europe plan.

I don’t plan to travel to Europe this summer. My wife and I have a much bigger project, which will last for the rest of our lives! The picture above may give you a clue!

In fact, today is our little boy’s due date. Maybe he will be born by the time that you read this post maybe he will be keeping us waiting. Either way, whenever he arrives our lives are unlikely to be the same again.

Mostly when I work with clients I work on clients sites. However, I’m trying to change the direction of The Big Red Tomato Company with the development of this blog the plan is a move to create a mix between physical and online income, so that I can spend more time at home and help my wife with the new baby.

This post is about options for making money from your site:

Write an eBook

Writing an e-book is probably the most common way of monetising your blog. Indeed, I’ll be launching one on Monday!

A lot of people overlook this thinking that the market is overly dominated, but the truth is that whilst internet marketing maybe done to death, there’s plenty of opportunities if you look hard enough (check the posts on how to write an ebook)

Become an Affiliate

If writing an ebook is too much like hard work (or you want to monetise quickly whilst you write an ebook or create another product) then becoming an affiliate could be a good option for you.

An affiliate is someone who promotes a product on someone else’s behalf and earns a commission on each sale.  If you’ve got a big email list or maybe you want to do a review of the product on your blog then you can use this as a platform to promote the product.  Affiliate marketing is a big earner for Darren Rowse over at Problogger.net, maybe it could be for you too?

To find products you want to promote check out services like E-Junkie and Clickbank then search key words for the type of products you’re looking to promote.

If you want to get involved in our launch you can sign up as an affiliate here (we’re paying 51% commission on every copy sold)

Membership site

If you’re looking for a passive income then creating a membership site is probably one of the most attractive business models for entrepreneurs as it’s a mechanism for creating monthly recurring income.

For example say you charge $10 a month and you attract 200 members. That’s $2000 for the first month. Then say you attract 300 in the second month that would be $3,000. But, you’ve still got the members from the first month, that’s $5,000 a month – every month…

Sure, you’ll loose some members each month, but you’ll attract new ones too.

Think this wouldn’t work?

Look at www.problogger.com 1000’s of members paying $5.95 a month.

Sell something online

Could you sell something physical from your website?  Tim Ferris author of the best selling book The 4-hour Work Week: Escape the 9-5, Live Anywhere and Join the New Rich funded his passive income lifestyle from selling sports supplements and speed reading courses What could you sell?

Become a consultant/perform a service

Could you sell yourself to others online by providing advice on a particular subject? For example could you be a web designer or advise on the use of social media?

Sell a course

Could the skills you have be put into a course and delivered online, for example: Chris Guillebeau has his Empire Building Kit,  Clay Collins from Project Mojave has the Interactive Offer , David Risley has his Inner Circle – could you deliver a course by email or deliver webinars either online or by email?

So what do you think – How do you intend to make an income from your blog or website?

22 Comments »

  • Jean Sarauer said:

    All the best to you, your wife, and the new baby (when he shows up!).

    My plans for money-making have expanded a bit, as I’ve been getting consulting/teaching/writing opportunities from the blog I hadn’t planned on at this stage. So, while I’ll do many of the ‘normal’ things in terms of affiliate sales, product creation, etc., I’ll also focus on service-oriented work.

  • Matthew Needham said:

    Hi Jean, thanks for the good wishes (and the comment!)

    Sadly still no sign of him arriving!

    I think it’s really good that you’re expanding your horizons, it gives your far more opportunities to monetise.

    Good luck!

  • Dev | Technshare said:

    Hey Mathew,
    That’s great to hear about you.

    Nice Post man. My Plans for making money is to build a membership site. Thanks for sharing this great Post.

    ~Dev

  • Matthew Needham said:

    Thanks Dev,

    Nice one with the membership site. I think that’s a superb way to generate an income stream.

    Good luck!

  • Mark said:

    Hi Matthew,
    All the best to you and your wife when your son arrives!

    My site is very much in its infancy. I want to use my site to bring something useful to people. It’s in two parts,
    1/ I want to share information and experience (this is important – I enjoy teaching)
    2/ I want to experiment with passive income

    I guess even at this early stage it would be wrong to completely disregard any earning potential. I have thought about google ads, and affiliate programs. I’m with amazon at the minute.

    I would love to write an eBook and will more than likely expand on some blog entries and structure them better to make the content of the first book.

    I hadn’t even considered some of the other ideas you mention, eg membership site or consultancy. I guess they are things to consider.

    I’ve learned something!
    Cheers
    Mark

  • Matthew Needham said:

    Hi Mark, thanks for the comment.

    I think you should start monetising from day 1 as income helps fund the site and get’s people used to your site being monetised – so it’s not a shock to them when you suddenly start monetising.

    Good luck and I’m glad you’ve learnt something!

  • Mark Bell said:

    Hi Matthew,

    I understand trying to monetise from day one. I used to have some adverts around – usually from my amazon affiliation.

    Do you find there is a fine balance to be had? Too many adverts may lead readers to believe you’re out for the cash. I’m still quite new to this, and circle around only a few blogs. If you’ve any advice on choosing/placing adverts, or can recommend an article, I’ve open ears.

    Cheers,
    Mark

  • Matthew Needham said:

    Hi Mark,

    I have experimented with a few things. Amazon is a good starting point although commissions are very low. I’m now moving on with just advertising the products that I use myself which has worked well for me.

    Probably the best thing to do is to either affiliate a product linked to your niche or publish your own ebook (whether paid or free) and grow your email list.

    Hope that helps, Matthew

  • Eleanor Edwards said:

    Would you believe I told my husband that your baby was due today? I’m usually rubbish at dates but if nothing else, this count down has taught me that pre-launches work. I’ve never seen it applied to actual, real-life babies before but it’s works 😉

    To answer your question, I’m making money from my blog by rocking it with fabulously entertaining posts that are so fun and laughter inducing, people feel compelled to pay me to write for them. Does that count as a plan? 😉

  • Matthew Needham said:

    Lol..well count downs work for business but they don’t work for babies! Sadly he’s already a day late. Mrs BRT is not impressed!

    Eleanor, people should be paying you a fortune with such witty and entertaining content they can find on your sites!

  • Eleanor Edwards said:

    I know she won’t take this advice (because I didn’t) but suggest to your lovely Mrs BRT (I almost typed BLT!) that she make the most of every second before your son arrives. Take her to the cinema, wine, dine and spoil her, long bubble baths, whatever it is that she loves to do, tell her to do it. I had my bag ready from week 38 and number 1 didn’t arrive until +10 days. If I had my time over, I would definitely have listened when people told me to take lots of time for me. I have silence right now but it’s 4am! Silence (and going to the bath room alone) is golden 😉

    As for the other stuff, thanks. I knew there was a reason why I enjoy hanging around here 😉

  • Matthew Needham said:

    Well we have been doing a lot of what you suggest. It’s helped as I’ve just finished up a client contract to spend time with the little one. So hopefully he will come along quickly and we can spend more time together as a family!

  • Alex said:

    Matthew mate!!! Super congrats to you and the wife and our fingers crossed that it all goes awesomely! I assume this is your first and if so prepare to have NO TIME to do anything for a while lol!
    I think you have provided a brilliant resource for any one starting out here, even though it was more focused on your beautiful boy to be.Congrats again and all the best with everything.
    In regards to the post, I am seriously looking at a membership site option in the future, just gotta create years worth of content though.

  • Matthew Needham said:

    Lol thanks Alex. Yes, I have about 20 posts written in the ‘can’ that I can release out till we get things settled in.

    Check out this video on 6aliens.com:

    http://www.6aliens.com/2010/06/fridays-homework-building-personal-brand/

    This may give you some inspiration. Start monetising now. Don’t wait till you have all the content.

  • Finding your thing. And running with it. | Writing Smiles with Eleanor Edwards said:

    […] a nice cup of tea or whatever and you might just vaguely read your emails and there’s a comment from Matthew saying people should pay me a fortune to write funny stuff for them! I thought, ‘Yey, that would be really cool. I would love people to pay me a fortune.’ […]

  • Menandro said:

    Hey Matthew, you just made this topic direct to the point. Thanks.

    When I was studying Internet Marketing, I learned about membership. I want to be able to formulate one which can really be useful for others. It is a great way to impart knowledge and skills.

    I wish you the best Matthew!

    Oh, I am also to become a father soon. If a boy, guess what we will name him? Matthew Zacary…

  • Matthew Needham said:

    Thanks Menandro for the comment, much appreciated and thanks for stopping by.

    It really is a great model but also a very valuable tool for users too.

    That’s really great news that you’re becoming a dad and what cool name choices! Good luck with it all and I hope to see you around here soon.

    Best wishes, Matthew

  • Menandro said:

    Yes membership sites are really valuable.

    I joined a good website years ago. I learned the beneficial subjects that they teach and also discovered the huge amount of work they put into formulating their membership site just to give quality service to others.

    Now I think that’s amazing.

    Let me bookmark you post Matthew. The options you enumerated here are all good. I would recommend this to others.

    More power!

  • Ryan Hanzel said:

    Hello Matthew,

    First congratulations on the new addition when he/she may arrive. My wife is pregnant with my second. These are some great tips for earning some cash with my brand. I will be checking out the links for product promotion, I have fancied that idea and would like to at least give it a try sometime in the future.

  • Matthew Needham said:

    Hi Ryan, thanks so much for your comment.

    It’s going to be a ‘He’ – which is going to be our first. Congratulations on your second. When’s your wife due?

    Glad you’ve found somethings of use here, it’s great that you can grow your brand – good luck with implementing.

  • Ryan Hanzel said:

    I like the whole boy first deal. My first one was a boy and our second is a girl so he will have a little sister to protect. My wife is due the end of August so getting everything ready for then. Even a new place to live. So much to do..

  • Matthew Needham said:

    I like your thinking here. That is so cool. Congratulations and good luck!