Back in the summer of 2011, we had a crazy idea for a group blogging project. The thought was to build a new blog in public, publishing step-by-step exactly what we did for everyone to see. Along with our blog, we wanted to inspire our readers to start blogs of their own and follow along.
The project was a hit. Hundreds of people registered new blogs as part of the group, to have both audience size and revenue tracked in public as part of a friendly competition.
We called this the Million Dollar Blog Project because we aimed to create a million dollars in aggregate revenue for the participating blogs, and because we wanted to build a case study blog of our own that was capable of earning a million dollars.
This month it has been two years since we first announced the project.
Today we’re going to look back on the project and results, and we’ll share an interview with the blogger who built the biggest audience and earned the most revenue of all blogs entered.
Every week I talk with entrepreneurs. We talk about what’s working and what isn’t. We talk about successes and failures. I spend time with both complete newbies and seasoned veterans, and everything in between.
I have a pretty fantastic job.
One topic that comes up over and over again with both groups is mistakes made in starting businesses.
Newbies love to know which mistakes are common so they can avoid them. Veterans love to talk about things they wish they had known or had done differently.
This weekend I was at the World Domination Summit in Portland with 3,000 ambitious people, and this topic came up dozens of times. “What do you wish you had done differently?” “What mistakes do people make starting out?” “I wish I hadn’t…”
So I put together a summary of the mistakes people shared with me, combined with the mistakes we see being made every week through our work with new entrepreneurs at Fizzle and elsewhere.
Here are the Top 10 biggest mistakes made when starting an online business:
Our friends at Only72 have finally released a new bundle of online business courses.
And like all Only72 sales, this bundle is available for 72 hours only, starting now until July 4 at Noon Eastern.
We know you’ll probably hear about this deal elsewhere today. It’s a great deal and lots of people will be talking about it. That’s why we’re throwing in a special bonus (see below).
This bundle has been over a year in the making, and the theme for this one is being everywhere online: blogging, podcasting, Kindle, online video… the works.
There are 6 premium courses included, all for one special bundle price of $197. These courses aren’t all currently available (some will be released later this year), but if you purchased these separately, the courses would cost over $1500 combined.
If you have an idea or even a start, but need help to focus your concept, to move it into other platforms and grow your audience, this bundle was built for you.
Get the bundle here (ends July 4 at Noon EST) »
As a business builder you absolutely have to learn to balance the creative stuff with the business stuff.
This is something Chase Reeves is well versed in. He’s one of the hosts of the show and we get to know him in part 2 of the Meet Your Hosts series.
In this entertaining episode he shares some lessons learned as he navigated his career through media and project management stuff to reading LifeHacker.com for 10 hours a day to newborns and lay-offs and start-ups, oh my!
There’s much to glean from his colorful way of looking at these things. (five finger shoes, anyone?)
We have two big things to announce today.
First, we’re launching a podcast next Monday, June 3rd!
This is no ordinary business podcast. We’re shaking things up and taking a different approach from other shows.
You’ll get to hear what I mean starting next week. We’ll be releasing a brand new episode each day next week, starting with Monday’s episode on “finding your voice.”
If you’re building an online business or have been thinking about it, we would love you to save some time next week to experience the new show. We think you’ll like it, and we’d love to hear your feedback. [Continue reading…]
What’s your most burning question about building an online business?
What would you ask me and the Think Traffic team if you had our undivided attention for a few minutes?
It can be about tech, marketing, networking, finance, something behind-the-scenes, something “taboo,” or whatever you’re dying to know the answer to.
Take a minute to think about it. Really. [Continue reading…]