The Ten-Cent Media Empire
So my stake has grown to a healthy $37.89, which is just itching to be reinvested. What next? As you surely have surmised by now, I’m a fan of passive income . It’s time to create more.
We’re Buying Ourselves Out
As you may have noticed, this site has ads on it. However, I didn’t count any earnings toward my stake before now, because I paid for the domain out of my personal funds. That’s all about to change, though. Now that my stake has grown large enough, I’m going to pay myself back the purchase price of this domain out of my stake. Henceforth, any ad revenues from this site will go straight into the stake to keep it growing.
This will also serve as motivation to give the design of this site a much-needed overhaul. At present, the layout is not at all conducive to producing revenue, and is very poor in terms of search engine optimization. I’ve learned a lot in recent months about both topics, and will be putting these lessons into action here. Once the changes are made, I’ll write about what I did and why.
When Time is the Bottleneck
While running a little niche site is a great way to earn a little extra cash, the fact is that there is only so much I can write myself before I run out of time. If your income is limited by the amount of time you personally spend on your business, you don’t have a real business, you have a job. No one gets rich working at a job. If I am to reach my goal, I need a way to get past this limitation.
Be the One Who Writes the Check, Not the One Who Cashes It
It’s well known that employees don’t get rich, employers do. It’s time to bring in some outside help. Of course, $37.89 won’t pay for too many man-hours, so a different approach is needed. I’ve therefore chosen to look for partners, rather than employees.
The Plan
Here’s the notion: I’ll put up a network of niche content sites and blogs. I’ll work with writers who will produce the content. I will handle all the technical details, pay for domains and any other expenses out of my stake, and help market the sites and build traffic. I’ll split revenues with the writers 50/50.
The remainder of my stake should serve to pay the startup costs for two or three new sites. All I need to do is find writers. I’ve put up an ad on Craig’s List, and gotten a lot of interest, so it looks like it won’t be long before I can put the plan in action.
By the Way
If you like writing and are interested in partnering with me on a project, feel free to contact me at 
. It can be a great way to build a starting stake for the game, as you can start literally from zero. You don’t even have to find a dime in the street! Further, since you’ll be a co-owner of the business, you won’t be violating Rule 8.
Until next time!