So I was looking around and found myself over at MasonWorld.com. He has a post that describes how he plans to make an extra $5,000 a month.

In the post he talks about how he plans to create 30 niche blogs. I assume he plans to put them under different subdomains on one domain. He plans to do some article marketing to generate traffic to his 30 blogs. He thinks that he can generate enough traffic to his 30 blogs to make $6 a day per blog. Which will equal around $5,000 per month.

I left a comment on his blog telling him that I though that was a good idea. I would be interested to see how he does in the comming weeks and months. If he is able to generate that much traffic, I will plan on following his example.

I think the key is going to be the marketing as usual. I mean you can put up almost any kind of content on your niche blogs in the specific niche you’ve created, but I would try an use more ways than just article marketing. And I’m sure Mason will, I’d just wonder which ones he will use and how much effort it will take to generate enough traffic to complete the goal that he has set for himself.

A good way to add content fast would be to setup some kind of autoblogging system in his niche blogs so he doesn’t have to worry about adding new content. He can then focus his efforts on marketing and let the autoblogging take care of content generation.

I like to use music when I write. It pushes me to think faster and write faster. This in turn helps me get more done in less time. Always cool.

There are many ways to get music online. There is radio where you can access radio stations from all over the planet. There is MySpace Music as well other MP3 sites that allow you to buy single songs online. I like to use Magnatune.com. They have a wide selection of music and its free to stream online.

So you’ve probably heard of mind mapping? It’s a term Darren Rowse from problogger.net coined. It has to do with taking one topic and expanding it to another, then another and another. By linking your posts together you can create longer time spent on your blog. You should really click on the links above and read the article. It’s a great way of finding new topics to blog about.

See if you get a reader interetsed in one topic that he is reading he will get to the place where suggest another article in your paragraph. He will think he needs to read that to get the whole picture of what the current article is describing. So he will click to read the next article and your pages per user stat just went up and you’ve increased your readership online.

Remember that stupid chicken in chicken little. The sky is falling the sky is falling. If you choose that mentality in promoting your blog you could attract a lot more readers.

Now I’m not saying you have to run outside and scare people at the grocery store. But it never hurts to have business cards, brochures or anything else that you can physically hand someone to let them know about your blog. Everybody knows somebody. Even if the person you hand it to isn’t interested they could and may pass it along to someone they trust that is interested.

First let me say that I’m not there yet, but I have some ideas about what I would like to have done before I quit.

Mutilple sites with mutiple income threads
Pay off your debts
Build a cash buffer
How much is required?
Use new income to increase income potential.
Good book to read about quitting.
My rule for quitting.
What’s your rule?

Mutilple sites with mutiple income threads
I want to make sure that I have multiple steams of income coming in and not just through one blog. You may have heard some investment guy talk about how important it is to have a well balanced portfolio. That’s very true. If some stocks or mutual funds go down others go up and in this way you have an internal hedge against loss. The result is over the long term you income and assetts are increased. Now I suggest and plan to do the same thing online.

What that means is that I plan to have multiple blogs and web sites with multiple streams of income. This will help ensure that I have a well balanced web portfolio. In case something terrible happens, like Google banning my site. Then this way I still have others sources of traffic, other sources of income and other sites that have the same thing.

Pay off your debts
Other than paying yourself first, this should be your main goal before you even think about quitting your day job. There are numerous programs, Dave Ramsey and others that talk about how to get out of debt. Once you decide to do it, make yourself a plan and stick to it. You’ll be out of debt before you know it.

As you make money from your blog or web site I wouldn’t spend it all on debt. Use the 80/20 rule. Save 80% to pay off your debts and use the 20% for future income generation. I will talk about future income generation later on.

Build a cash buffer
Now that you are out of debt you can take your initial buffer of $1,000 and start increasing it. Some people like to hvae 12 months ofexpenses in reserve, some people like to have 36 months expenses. The rule is to have something, at least 6 months, 12 is better. But ultimately it is up to you. You should save as much as you think is neccessary or the amount that you are comfortable with. I’d like to save around $90,000 in my cash reserve.

How much money is required to quit?
This is an interesting question and completely depends on the individual. Some people say its $3,000 a month others say its $5,000 a month. What you need to do is determine what it take for you to quit. You can do this by either paying off all your debt first and then add up your monthly bills.

For example let’s say you have monthly bills of $3,650, but $1,200 of that is going towards monthly debt bills, such as credit cards, etc. Now if you rent or have a mortgage then you may need to add $1,000 to $2,000 on top of the $1,200. Now taking the monthly debt bills of $1,200 and $1,000 mortgage you get $2,200 leaving you with $1,450. So if you had no debt and no mortgage your needed monthly income would be $1,450. Now we round it up to $1,650 for some extras and that is your “golden number”.

So if these numbers where for you, you would need a montly income of $1,650 to be able to quit. And you would have no debt and no mortgage. The reason I explained it this way is because I believe you should completely get out of debt first before qutting your regular job. A day is more secure and stable than income generated online. But once you are out of debt, - you are really there!

Use new income to increase income potential
When you first start out you will have low traffic. As your traffic increases you willget to the place where you can sell text links and make a little money. Use that money to place some ads on other sites or to buy some software that will help you promote your site. Like the software submission tool I’ve talked about in the past.

If you continue this process you will not only build momentum, your efforts will snowball and you will start making some serious money.

Good book to read about quitting
There is a good book called “Before You Quit Your Job“. It’s written by Robert T. Kiyosaki. He’s the author of Rich Dad, Poor Dad another good book. This book may offer insights that you haven’t thought of. I encourage you to read it.

My rule
My rule for quitting is this: When I make more in a month, from my web sites, than I have all year at my day job -that is when I will quit.

What’s your rule for quitting?

Ever read the book “The Richest Man in Babylon“? At the end of each chapter there is a statement that summarizes the chapter. One of the chapters says, “The Man of Action has Luck on his side.”

The idea is that if you make a plan and take action, you will be in a much better position to receive the fruits of your labors. A lot of people talk, and a lot of people plan of doing work and talk about doing the worked they have planned. But it is the man of action that gets the golden goose.

I encourage to read the book. It’s sold over 2 million copies. It must be good if that many people wanted to read it.

I just checked one of my other blogs, because Wordpress is sending me tons of emails. Apparrently some idiot thinks its fun to spam my Wordpress blog. I had over 225 spam comments I had to delete.

If you have this problem, make sure you login to Wordpress (provided you are hosting it yourself) and go to the settings section and make sure that you make your readers register if they want to comment. Otherwise you’re going to get spammed big time.

This will cut down on some of the spam. I have already done this, but I have seven new users and they are spamming the heck out of my other blog. So I’m going to delete them clean.

Watch out for spammers, especially if your blog is starting to get some traffic or PR. They’re like Piranah that go after PR like its fresh meat in the amazon river.

Have you ever tried TipJoy. It’s a service that allows you to put a widget on your blog that asks your readers for tips. The readers pay tips via tipjoy. The readers are then later billed for the tips that they sent out. Payment can be made via PayPal.

I really don’t see the point in this service. I mean why not just put an icon of a cup that says tips at the bottom of every post and then when users click on the icon they are taken to PayPal where they can donate whatever they want. This way you get the money right away.

It’s amazing to me how many lame ideas are actually being funded with real money. This is just another example where someone was able to convince some venture capital guy of their idea no matter how crazy or stupid.

When you are first starting out with a web site or blog you will want to have some form of RSS feed. You will also want to check your stats on that same RSS feed periodically. Well, if you are not using Feedburner yet, you should be. They have a lot of free tools that you can use with your blog feed.

The picture above is seen on most web sites that have an RSS feed routed through Feedburner. But you don’t have to do this. You can still use Feedburner and have a regular RSS icon on the screen. The advantage of doing this is being able to track your RSS stats through Feedburner.

Now if you wanted to you could use the widget show above, but if you are just starting out you may not want to advertise that you only have 2 RSS readers. So it makes more sense to just use the icon and route your RSS feed through Feedburner.

This way you can still check your RSS stats and when you have enough RSS readers you can upgrade your RSS icon to the kind shown above.

I saw this article today on TechCrunch’s web site. They have some interesting charts that have been provided by Technorati about blogging.

The charts show some interesting things, such as in order for you to be in the group of the top 100 bloggers you have to be posting a minimum of 310 times a month. That’s more than 10 a day. Wow, that’s a lot. Another interesting thing I noticed was that the way that most bloggers determine their success is by personal satisfaction, not revenue. Also very interesting. Take a look at the article and see how you rate.