Blog Network to Sell For $20 Million Plus 229
Victor Cheng writes "Blogs are big money. The Weblogs Inc Network is apparently about to be sold for over $20 million to AOL, an individual blogger is making over $400,000 per year from his living room, a blogger writing about shoes is claiming a six figure income and blog networks are starting every second day with hopes of making it big. It looks like it might be time to dust off the old blogspot blog again."
Why TF did I go to school? (Score:4, Interesting)
Anybody else depressed that people make a lot of money doing stupid things?
-Jesse
Re:Why TF did I go to school? (Score:5, Interesting)
I could be wrong, so please don't correct me with a torch, but from the stats I've seen, being a blogger is no replacement for your day job.
Re:Why TF did I go to school? (Score:3, Insightful)
I have absolutely nothing to back this up, but I wouldn't be suprised if the percent of bloggers that actually make 6 figure salaries is probably similar to the percentage of "higher educated" (read college+) people who make 7 figure+ salaries.
It's just the same as always. Some people get are lucky. Some people are extraordinary. Some people are just really good at what they do and therefore people will pay them for it.
Remember, the wealthiest man in the world dropped out of college.
Re:Why TF did I go to school? (Score:4, Insightful)
Remember, the wealthiest man in the world (William Henry Gates III) had already-rich parents (his dad was a high-paid corporate attorney and his mom sat on the board of a number of corporations such as Berkshire Hathaway). He attended Seattle's most prestigious prep school, and the only reason he dropped out of Harvard was to pursue his softare business. The guy is neither stupid nor of humble roots.
So when you say some people get lucky, I read that as "some people are born lucky..."
Re:Why TF did I go to school? (Score:2, Interesting)
There's that classic line from Shakespeare's Twelfth Night:
Now, if you mean to say that Gates' fantastic genes propelled him forward, I'm with you; if, on the other hand, you're merely interested in class-based agitation, I'd urge you to rethink your position.
Re:Why TF did I go to school? (Score:2, Insightful)
Re:Why TF did I go to school? (Score:3, Insightful)
Re:Why TF did I go to school? (Score:3, Interesting)
Most people don't realize how little authors make on their books. For a non-fiction, you're usually talking 10% of the net (wholesale) cover price. (For fiction, it's usually a smaller percentage of the cover price, which generally works out to about the same.) So for an average $40 tech book, the author might be getting 10% of $24, i.e. a couple bucks per book. If you only sell 5,000 books total (very common) then you can see that the numbers don't amount to much.
This is why more and more authors are sta
Relative incomes (Score:3, Interesting)
Och, and don't even get me on the subject of people who think primary school teachers are overpaid...
Re:Relative incomes (Score:2)
Re:Why TF did I go to school? (Score:2)
(begin shameless plug)
I just launched a site called Bloomshare [bloomshare.com] that let's anybody create a web community (kind of like a public blog) free. I 'share the wealth' by letting the users give me their adsense account code and then putting ads on their post pages.
(end shameless plug)
Anyways, I think we've just begun to see the potential for revenue sharing mod
Re:Why TF did I go to school? (Score:2, Insightful)
$400,000(this year)/40(working years) = $10000/yr, which is probably less than you make as an engineer.
Re:Why TF did I go to school? (Score:2)
Not that I think it's going to happen quite that way, but there's no reason you need to take $400k and stuff it under the mattress, either. Nor do you need to retire on that.
Re:Why TF did I go to school? (Score:2)
Re:Why TF did I go to school? (Score:2)
Suppose you were offered $5 million dollars. Unless you are currently making and spending all of a $500k+ salary, that should be plenty for you to retire on.
Pers
Re:Why TF did I go to school? (Score:2)
As your salary increases, and as the size of your family icreases, you will find that your responsibility also increases.
My wife and I live in a very nice single-family house valued at about $350K (If I live
Re:Why TF did I go to school? (Score:2)
I suggest you relocate and buy two economical and yet above average used cars. Invest the rest.
http://www.tb.com/index.asp [tb.com]
Research. More research.
Re:Why TF did I go to school? (Score:2)
Re:Why TF did I go to school? (Score:3, Insightful)
Actually, with $5M and a measely 3% annual rate of return would give you $150k/year. Everything you don't spend, let it roll over.
If you can't live on $150k/year with one kid, you have bigger problems.
Re:Why TF did I go to school? (Score:2)
Re:Why TF did I go to school? (Score:2)
I wasn't being sarcastic at all. I was being completely serious.
$5 Million in cash isn't much money at all. First of all, take 40% of it away in taxes (federal and, for most of us, state). Now, you have $3 Million left. That 3 Million, even if you invest it isn't enough. At 3% return, you are looking at $90,000 a year. Take 1/3 out for taxes, you are left with $60,000 per year.
Assuming you don't work, you have to pay for your own health insurance, l
Re:Why TF did I go to school? (Score:2)
Re:Why TF did I go to school? (Score:2)
-Jesse
Re:Why TF did I go to school? (Score:2)
As Enigma Man pointed out in another reply, an income of $44.5 K does not include the cost of benefits. You should remember that when a company pays you $44,500, it has additional costs of approximately 30% additional to pay for things like health care, Soc Sec taxes, unemployment taxes etc. I am not sure how things like SS and unemployment taxes would impact anyone living off of the interest of their $5 Million in lottery winnings, but I can tell you that you would most definitely have to pay for health
Re:Why TF did I go to school? (Score:2)
However, so far this year, my 401K is averaging a 5.1% rate of return. I am being very agressive with my investments (I have about 20% invested in international stocks). Given the rises and falls of the stock and bond markets over the course of decades, I think 6% is kind of average. Take away a 2 to 3% average inflation rate, a
Re:Why TF did I go to school? (Score:2)
When I was in high school, a teacher asked us if we'd like to retire on one million dollars. Of course everyone said yes. He argued that one million dollars, forty years from now (approximately when my c
Re:Why TF did I go to school? (Score:2)
Re:Why TF did I go to school? (Score:5, Insightful)
I wouldn't get too depressed. Ever since I started my first high-school job (as a restaurant dishwasher over 20 years go), I have heard hundreds of stories about people that made alot of money doing stupid things. In spite of these stories, you just have to remind yourself that there are millions of people that lost their shirts, thinking that stupid things would make them rich, quick.
You are better off, in the long run, with an education. With a degree, if nothing else, you can always end up with a good job, when your latest get-rich-quick scheme fails.
Re:Why TF did I go to school? (Score:2)
Re:Why TF did I go to school? (Score:3, Interesting)
Amen to that. I'm reminded of a David Cross bit - for anybody that needs to remember that most dumb/untalented people do in fact fail, buy yourself a plane ticket to Los Angeles and just sit on a bench on Holywood Blvd. for a little while. No
Re:Why TF did I go to school? (Score:2)
Re:Why TF did I go to school? (Score:2)
I read somewhere (I don't recall where) that head auto mechanics at car dealerships easily clear $100,000 per year.
Re:Why TF did I go to school? (Score:2)
My uncle works at a cadillac dealer as a mechanic, they had a break-in last month and most of the guys lost their tools. Dealership essentially shut down their service department for a week, also fronted the guys money, interest free, to buy new tools. Corp sent two sets of specialty tools for the shop to share.
(I have a feeling the owner of the dealership paid for the shop tools, not Corp,
Re:Why TF did I go to school? (Score:2)
Well if you're making McDonalds manager sallary, I suggest looking for a a new job. Entry level tech workers usualy make pretty decent money for people their age.
It doesn't bother me that a select few bloggers can make a decent living off of it, great writers are truly rare and valuble to society. Atua
Re:Why TF did I go to school? (Score:2)
***Don't read this part***
Of course, I'm lying!
Just because some goofball
Re:Why TF did I go to school? (Score:2)
Re:Why TF did I go to school? (Score:2, Funny)
Another Bubble (Score:3, Interesting)
Re:Another Bubble (Score:4, Insightful)
Today they're a fad. 10 to 20 years from now we can look back and call it a trend.
When it started, Amazon.com was part of the WWW fad, they're just the 5% that stayed around long enough to be a trend.
Re:Another Bubble (Score:2)
There are plenty of good magazines out there, and there are plenty of crap. Likewise, there are plenty of good television shows, and plenty of crap. It stands to reason that there are bound to be a few sites with time ordered entries and comments about them (I refuse to use that 'b---' word), and with the low barrier to entry, there is going to be a whole lot of
Blog Bubble Not To Pop (Score:2)
I don't think so. I talk to many companies and schools and they tell me that blogging traffic and personal blog websites are on the rise. Many get-together groups, a group of poker players or a travelling bunch of retirees, use blogs to share information. Community feedback in the form of a personal blog is on the rise too.
Re:Blog Bubble Not To Pop (Score:2)
Re:Blog Bubble Not To Pop (Score:3, Interesting)
I do somehow, I got the feeling that this was a MLM scheme, but I was wrong. I've been in Amway, and yes I lost some money, $100.00 to be exact, and that was completely due to my poor judgement, not Amway. So I am a bit sensitive to scheming, so what the scheme;
Re:Another Bubble (Score:2)
There will be more people making money at blogging, but there will be less making money in TV.
Ok, got a blog... (Score:2, Funny)
Re:Ok, got a blog... (Score:2)
minusonetroll.blogger.com (Score:2)
Adsense (Score:3, Informative)
Re:AdSense (Score:2)
Like I've said before in my AdSense blog [memwg.com], it's not that hard to make some money using AdSense and blogs, i.e. enough to pay for your Internet costs plus a small profit. Making real money takes time and effort, and don't let anyone else tell you otherwise.
EricRead the free sample chapter from my AdSense book [memwg.com] for more
Re:Adsense (Score:2)
And it's true, for every guy who makes real money with his blog (or most likely blogS), there are thous
I never thought I'd see the day... (Score:2)
Lucky him, but... (Score:5, Funny)
Sadly, most of that will now go towards his bandwidth costs.
Meanwhile, mine's made about $4.50... (Score:2)
Shocking! (Score:5, Funny)
I'm sure this has happened before, but I can't quite place it...
Re:Shocking! (Score:2)
Seems so circular to me.
At what point does the last guy to set up a blog about making money by telling other people to set up blogs to make money fail?
It's kind of like those real estate infomercials telling you how you can be a millionaire by buying his training system. If it's that easy? why aren't you doing it yourself? Why are you telling other people about it?
Actually, I guess this guy really is doing what he's t
Re:Shocking! (Score:2)
Re:Shocking! (Score:2)
Hell, it's that or work for a living.
Revenue Rarely Enough to Live on (Score:3, Insightful)
Ads aren't worth a whole lot. If you choose to do your own advertising and not use services like google ad words, you can probably do much better, but they're still not worth much. I suspect many of these people are selling merchandise, promoting certain businesses and have several forms of revenue.
Looking at cartoon sites, the Brothers Chap who run homestarrunner.com current make enough money off all their merchandise to fully support themselves. Hell I even own a StrongBad poster.
You can support yourself off a blog, but it's rare. It requires the type of site status as homestarrunner, the onion or maddox...or possibly Wifey's World or Heather's I Deep Throat.
Re:Revenue Rarely Enough to Live on (Score:3, Insightful)
Frankly I'm surprised it's made as much as $29. Your site is ugly, poorly designed, poorly laid out, and utterly without a reason to exist other than to masturbate your own ego. If I'd found it on a web search (unlikely as vanity sites rarely rank highly) I'd have thought to myself "heres another lose
Re:Revenue Rarely Enough to Live on (Score:2)
The colored background makes it impossible to read your recent posts, which is just as well considering the title of the most recent one has a huge spelling error right in the first word.
one grain of salt, please (Score:4, Insightful)
Some guy claims he makes $400k, so Hmmm.....I guess he does, case closed?
Profit (Score:4, Funny)
Re:Profit (Score:3, Funny)
The real secret is... (Score:3, Insightful)
The blogging bubble begins now ... (Score:5, Informative)
Many will fail. There was already a casualty this week, as Webby Media shut down just nine days after launching [webbymedia.com]. Their business plan: give away 100% of ad revenue to bloggers. Doh!
There are now blogs emerging that do nothing but cover these blog networks, like the newly-launched Blog Network Watch [blognetworkwatch.com] or Blogebrity [blogebrity.com].
Not getting it (Score:5, Insightful)
There are junk blogs (like those countless BS myspace ones) and there are awesome ones. Slashdot is a great one. Gizmodo is another. "Blog" is just a new way of creating articles, in which anyone can now do online easily.
I remember a few years back there was this newsletter that this one guy would publish once every week. It was really great because the guy would talk about new webmaster tricks submitted to him, or other ramblings about that particular niche. I would wait in anticipation for every new issue that comes out. It's not readily evident, but that was a really early version of blogging, just done in a more manual way.
Don't just quickly dismiss the whole concept of blogs.
Re:Not getting it (Score:2, Insightful)
You can call this a 'stupid fad', or 'waste of time', or BS all you want, but the fact of the matter still remains that there is a need and a want for this service, because there are people making money off of it.
It's called capitalism. As long as someone can make money doing this, it's going to continue. If the blog makes money, then its getting views. If its getting views, then its inevitably got some sort of useful information to keep people coming back.
I read a list of about 1
Oh I Dunno... (Score:4, Funny)
It's not always about the money... (Score:2)
Riches vs. Reality (Power Law Distirbutions) (Score:5, Interesting)
The point: I'd bet that that only a dozen or so bloggers make a decent income, thousands make a little money and millions make nothing from their blogs. As with any fame driven industry, if a person thinks that they can be one of the top 10 blogs in the entire world, then they should go for it. If they can't be top 10, then they should NOT quit their day job.
Re:Riches vs. Reality (Power Law Distirbutions) (Score:5, Insightful)
Personally, I shy away from any "blogger" that is doing it professionally. The power of "bloggers" stems from their brtual honesty and their lack of pays offs (in my mind at least). The second someone is paid to do their hobby a couple of negative things happen:
1. They feel inclined to report on something to benefit those that are paying them for fear of losing the stream of money.
2. They get bored w/the job because they are now getting paid for what was once their hobby that they loved.
3. They overdo it to make more revenue.
I write about stupid shit and post it to my website for myself and my friends. Other people do happen along and read it from time to time and I hope that they see it's just for my own personal enjoyment. There's nothing behind it except what I felt at the time. I have no financially motivated agendas to rate one opinion over another.
When you start doing that, your reputation suffers.
Re:Riches vs. Reality (Power Law Distirbutions) (Score:2)
While blogging for me was initially a hobby, I found that spending time doing so was taking time away from other "more constructive" things I "should be doing." Previously, I may have sat and spent an hour writing a blog entry, and then I'd feel guilty about it because I didn't spend that time doing something else. Now that I'm getting money for blogging, I don't feel as thought I'm wasting my time anymore.
I don't blog *more
Re:Riches vs. Reality (Power Law Distirbutions) (Score:2)
Thanks for proving why I made you a foe... over a year ago.
And now that you're surely reading this, and had to actually check back to see that I did so, you care about what I have to say, don't you now?
Re:Riches vs. Reality (Power Law Distirbutions) (Score:2)
My guess is that it's a lot more than you think, it's probably at least 5,000 - 10,000.
It does of course depend on what you consider a blog. Is fark.com a blog? I bet drew makes 7 figures.
The fact is, when small time operators make it big, they start shutting up about how much they make. I know a few website operators that started rolling in it.. You couldn't tell by their site.
Honestly confused: (Score:3, Interesting)
But who reads these things? Why are they so popular? I tried reading a few, including our resident's celebrity's, and I can't see the appeal to them for the reader ( sorry Clever ). I have enough going on in my life that I don't need to read about someone else's problems. And, quite frankly, after reading a few of those blogs, you all lead boring lives ( unless you are the blogging whore, in which case...call me ).
So why do you folks read these things? And how in gods' name are they so profitable?
Re:Honestly confused: (Score:5, Interesting)
Re:Honestly confused: (Score:2)
Of course, that class of blog isn't making any money, either. It's the equivalent of getting together with your friends and playing basketball, rather than playing for a community league, a school, or a pro team.
Re:Honestly confused: (Score:2)
Re:Honestly confused: (Score:2)
So one guy makes money (Score:4, Insightful)
Just because one person claims that they are making X thousands of dollars does not mean you or I will. These claims remind me of those real estate scammercials where they insist that for only $200 (or whatever amount) you too can live the life you've already wanted by buying houses for no money down.
Sure, one or two people live in a market where they could flip a house and make some money but the vast, vast, VAST majority either barely break even or lose money on their deals.
Same with blogs.
Re:So one guy makes money (Score:2)
So I ask the guy I was working for, "Why are we doing this?"
He replies, "There's a guy in c
Blog cycle (Score:2)
Blog blog blog blog. (Score:2)
"Blog" is a silly word, and if you repeat "blog" that many times, it starts to sound really funny.
In a few short lines, the word "Blog" is used 8 times.
Blog blog blog blog blog blog blog blog.
Which actually reflects the general media attitude of 2003 or so pretty well.
</ot>
Anyway, I was going to argue that (speaking of a blog article about blogs about blogs), blogs are just descending horribly into sarcastic navel-gazing devoid of substance. Then I thought about trad
Business Plan (Score:2)
The year 2000 called and they want their business plan back. A handful of people are currently making money at this. There is a market for ad-driven quality content, but if a person doesn't attack it with a solid business plan, they will fail.
Blogs Have Ads? (Score:3, Funny)
-Peter
why so much anti-blog sentiment around here? (Score:4, Insightful)
The articles are dated, the newest ones appear at the top, they have permalinks, you can subscribe to it via RSS. It's a f**king blog!
If you hate Blogs the way some people seem to hate Emo*, then why are you using Slashdot?
* I don't really know what Emo is, so I neither love nor hate it.
Re:why so much anti-blog sentiment around here? (Score:2)
There's also the fact that, with bl
Personal experience with AdSense revenue (Score:2, Interesting)
About a year ago I signed up with Google AdSense to offset advertising costs from Google AdWords and to give some value to traffic that would otherwise visit the site without purchasing anything.
The traffic isn't particularly heavy since it's such a niche market. However, I still manage to make about $60-$100 per month with Adsense.
Obviously, that's not nearly e
6 Figure Salaries? (Score:3, Interesting)
I'll cash in my chinchilla ranch and buy a blog (Score:2)
Congrats to Jason Calacanis (Score:2)
$400,000 (Score:2)
Zonk and blogging stories (Score:3, Interesting)
Look for the magic word in the title/summary/links:
One [slashdot.org] Two [slashdot.org] Three [slashdot.org] Four [slashdot.org] Five [slashdot.org] Six [slashdot.org] Seven [slashdot.org] Eight [slashdot.org] Nine [slashdot.org] Ten [slashdot.org] Eleven [slashdot.org] Twelve [slashdot.org] Thirteen [slashdot.org] Fourteen [slashdot.org] Fifteen [slashdot.org]
There's probably more, but there's definitely a trend: If you want a story posted on Slashdot, find (or in some cases, make up) blog-related "news" while Zonk is on duty
Re:Zonk and blogging stories (Score:2)
Every new Zonk blogging story gets the same comment, only updated to reflect the growing list of 'stories'
bullshit (Score:2)
Re:bullshit (Score:2)
Or you can let your content management system -- or blogging tool if you prefer -- take care of that for you, and just focus on the writing
These are news sites, not blogs. (Score:2)
OSDir started a blog network for Tech. (Score:2)
Re:Are people that dumb? (Score:5, Insightful)
I think the money comes when one writes stupid shit that people do care about.
I am not sure why this is hard to understand. Your comment could also apply to novelists, and in fact the ratio of six figure salary earners to everybody else is probably much the same in that profession.
Re:Are people that dumb? (Score:2)
Most novels are crap as well. The good ones are worth reading, just as the good blogs are worth reading.
Bloggers find the hot topic of the day andor week, and post a rant or opinion on it.
Many blogs are like that. Some aren't. Some blogs which are high-quality (and which have a lot of work put into them) make money. Again, why is this hard to understand?
In particular, why do blogs offend you so much? Do you believe that there are no blogs anywher