MAKING MONEY ONLINE – PAH! WHO NEEDS AN EXPERT?

It’s a risky proposition if you plan on this being your “bread and butter”. People are more likely to flock to the known expert, as opposed to some “noob” with no track record and who no one has ever heard about.

It reminds me of what happened in domaining about a year ago. Blogging was getting popular and a few Domainers who had had little success decided they would start blogging about domains and the domain industry.

In fact, Domaining has never been the focus here at Jollyjo; but in the early days, I was a part of that lesser known crowd. I (as well as the others, I am sure) did get some traffic; but I remember, all too well, some of the cynicism.

Shortly thereafter, a guy by the name of Frank Schilling who is widely regarded as the most successful Domainer, and people like Rick Schwartz – an undisputed pioneer in the field – started blogging and that was that!

Here is a recent quote from feature on Frank Schilling recently posted in the top rated domainer’s magazine – DNJournal:

“He owns hundreds of thousands of high quality generic .com domains and annual revenues for his closely held Cayman Islands company, Name Administration, Inc. are estimated to be in the $20 million range.”

Rick Schwartz has been associated with big ticket domains such as Men.com and Porno.com and everybody would have known by now that he was the seller of iReport.com to CNN for $750,000. I hinted at the transaction in yesterday’s post here. Below is an excerpt from DNJournal on the official release on the transaction:

“T.R.A.F.F.I.C. Conference co-founder and pioneer domain investor Rick Schwartz has just completed the sale of iReport.com to the Cable News Network for $750,000. As the contract was being finalized Schwartz was asked if he had any similar domains so he told CNN he also owned the hyphenated version, i-Report.com. When the cable TV company expressed interest in getting that domain as well to protect their planned branding of iReport.com, Schwartz said he decided to give them that less desirable name at no charge rather than re-open negotiations and delay closing of the deal for iReport.com.”

Bottom line, as a newbie blogger, how do you compete with those stalwarts? Simply put…it ain’t easy.

Advice: It’s a difficult ask surviving and making a living when you have experts giving advice in the same area in which you, as an unknown noob, are claiming to be an expert. It’s not impossible though, given that you are committed to doing the hard work by researching and turning out quality content…consistently.

You may lack the ready audience of an expert, but if you follow to the letter these tips beautifully laid out by Seth Godin, you may never sell a domain for seven figures but your knowledge and credibility would have grown in multiples.

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My previous posts on the subject are here:

Make Money Online - If I stay Committed 24/7, How Can I Fail?

Making Money Online - $10 Per Month Hosting, Slap on Some Adsense...Now We Are Talking!

Make Money Online - Debunking The Myths

Make Money Online - Others Have Done It, Why Can't I?