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	<title>Comments on: Residual Or Full Time Income?</title>
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	<link>http://www.imjustsharing.com/residual-or-full-time-income/</link>
	<description>Social Media, Blogging, Writing, Affiliate Marketing and anything else that tickles my fancy.</description>
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		<title>By: Dennis Edell</title>
		<link>http://www.imjustsharing.com/residual-or-full-time-income/#comment-11875</link>
		<dc:creator>Dennis Edell</dc:creator>
		<pubDate>Sun, 31 Jan 2010 22:54:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.imjustsharing.com/?p=2837#comment-11875</guid>
		<description>Never heard of sire?!?!? That&#039;s new... ;)
.-= Dennis Edell´s last blog ..&lt;a href=&quot;http://www.dennisedell.com/4699/hello-welcome-to-the-all-new-dennisedell-comdirectsaleswebmarketing-com-merged-direct-sales-coaching-blog/&quot;&gt;Hello &amp; Welcome To The All New – DennisEdell.com/DirectSalesWebMarketing.com Merged – Direct Sales Coaching Blog!&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p><span class='eg-image' style='float:left; margin-right:10px; display:block; width:60px' ><a rel='external' href='http://www.dennisedell.com'><img alt='' src='http://0.gravatar.com/avatar/a68d687845bbcf9149d2b34cca99e9c0?s=60&amp;d=http%3A%2F%2Fuse.perl.org%2Fimages%2Fpix.gif%3Fs%3D60&amp;r=PG' class='avatar avatar-60 photo' height='60' width='60' /></a></span>Never heard of sire?!?!? That&#8217;s new&#8230; <img src='http://www.imjustsharing.com/wp-includes/images/smilies/icon_wink.gif' alt=';)' class='wp-smiley' /><br />
.-= Dennis Edell´s last blog ..<a href="http://www.dennisedell.com/4699/hello-welcome-to-the-all-new-dennisedell-comdirectsaleswebmarketing-com-merged-direct-sales-coaching-blog/">Hello &amp; Welcome To The All New – DennisEdell.com/DirectSalesWebMarketing.com Merged – Direct Sales Coaching Blog!</a> =-.</p>
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		<title>By: King</title>
		<link>http://www.imjustsharing.com/residual-or-full-time-income/#comment-11866</link>
		<dc:creator>King</dc:creator>
		<pubDate>Sun, 31 Jan 2010 07:25:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.imjustsharing.com/?p=2837#comment-11866</guid>
		<description>Hi Mitch, haha I&#039;ve never heard of Sire before! that&#039;s pretty cool indeed. I have yet to meet an Ace, so I think Sire and I are safe.
I&#039;ve been itching to create my first product a how to about online marketing for small business, but it takes time. Plus time away from building out my other blogs. &#039;Tis become a life of blogging no doubt. But I always tell myself, &quot;short term pain, long term gain&quot; and eventually all of this work will pay off. Here&#039;s to big dreams!</description>
		<content:encoded><![CDATA[<p><span class='eg-image' style='float:left; margin-right:10px; display:block; width:60px' ><a rel='external' href='http://www.kingrosales.com'><img alt='' src='http://0.gravatar.com/avatar/2651b4114a4409df521e85fa1fb5c939?s=60&amp;d=http%3A%2F%2Fuse.perl.org%2Fimages%2Fpix.gif%3Fs%3D60&amp;r=PG' class='avatar avatar-60 photo' height='60' width='60' /></a></span>Hi Mitch, haha I&#8217;ve never heard of Sire before! that&#8217;s pretty cool indeed. I have yet to meet an Ace, so I think Sire and I are safe.<br />
I&#8217;ve been itching to create my first product a how to about online marketing for small business, but it takes time. Plus time away from building out my other blogs. &#8216;Tis become a life of blogging no doubt. But I always tell myself, &#8220;short term pain, long term gain&#8221; and eventually all of this work will pay off. Here&#8217;s to big dreams!</p>
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		<title>By: Mitch</title>
		<link>http://www.imjustsharing.com/residual-or-full-time-income/#comment-11812</link>
		<dc:creator>Mitch</dc:creator>
		<pubDate>Fri, 29 Jan 2010 20:10:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.imjustsharing.com/?p=2837#comment-11812</guid>
		<description>Great hearing from you, King.  Man, a King and a Sire; lots of royalty hanging around here.  lol  Actually, I&#039;ve got ideas to create more written product myself, but it does take time, for sure.  And that&#039;s not always a luxury I have.</description>
		<content:encoded><![CDATA[<p><span class='eg-image' style='float:left; margin-right:10px; display:block; width:60px' ><img alt='' src='http://1.gravatar.com/avatar/f2ff4f94ec27c4647b7000767ce55d6b?s=60&amp;d=http%3A%2F%2Fuse.perl.org%2Fimages%2Fpix.gif%3Fs%3D60&amp;r=PG' class='avatar avatar-60 photo' height='60' width='60' /></span>Great hearing from you, King.  Man, a King and a Sire; lots of royalty hanging around here.  lol  Actually, I&#8217;ve got ideas to create more written product myself, but it does take time, for sure.  And that&#8217;s not always a luxury I have.</p>
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		<title>By: King</title>
		<link>http://www.imjustsharing.com/residual-or-full-time-income/#comment-11807</link>
		<dc:creator>King</dc:creator>
		<pubDate>Fri, 29 Jan 2010 19:53:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.imjustsharing.com/?p=2837#comment-11807</guid>
		<description>Hi Mitch, nice post. Im hoping to build a sustainable income online. It definitely goes beyond blogging everyday, its about creating a product or even creating a market; the latter is where I&#039;ve had the most luck because competition follows me. With that said, its not easy and takes commitment just like running any business. Im not ready to quit my day job, but there&#039;s definitely money in online; its just a matter of find what works for you; meaning something that motivates you to have the right mindset - its about knowing how to use these tools to make it work for you.
Nevertheless, extra money no matter how much or how little is better than none at all.
Thanks.
.-= King´s last blog ..&lt;a href=&quot;http://www.kingrosales.com/banner-advertising/top-5-things-advertisers-consider-before-advertising-on-your-website/&quot;&gt;Top 5 Things Advertisers Consider Before Advertising on Your Website&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p><span class='eg-image' style='float:left; margin-right:10px; display:block; width:60px' ><a rel='external' href='http://www.kingrosales.com'><img alt='' src='http://0.gravatar.com/avatar/2651b4114a4409df521e85fa1fb5c939?s=60&amp;d=http%3A%2F%2Fuse.perl.org%2Fimages%2Fpix.gif%3Fs%3D60&amp;r=PG' class='avatar avatar-60 photo' height='60' width='60' /></a></span>Hi Mitch, nice post. Im hoping to build a sustainable income online. It definitely goes beyond blogging everyday, its about creating a product or even creating a market; the latter is where I&#8217;ve had the most luck because competition follows me. With that said, its not easy and takes commitment just like running any business. Im not ready to quit my day job, but there&#8217;s definitely money in online; its just a matter of find what works for you; meaning something that motivates you to have the right mindset &#8211; its about knowing how to use these tools to make it work for you.<br />
Nevertheless, extra money no matter how much or how little is better than none at all.<br />
Thanks.<br />
.-= King´s last blog ..<a href="http://www.kingrosales.com/banner-advertising/top-5-things-advertisers-consider-before-advertising-on-your-website/">Top 5 Things Advertisers Consider Before Advertising on Your Website</a> =-.</p>
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		<title>By: Mitch</title>
		<link>http://www.imjustsharing.com/residual-or-full-time-income/#comment-11775</link>
		<dc:creator>Mitch</dc:creator>
		<pubDate>Thu, 28 Jan 2010 16:29:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.imjustsharing.com/?p=2837#comment-11775</guid>
		<description>I was thinking of you while I was writing this post, Dennis.  If I had to be a full time blogger right now for my living, I know I wouldn&#039;t make it.  I don&#039;t have that mindset right now, and I really believe people have to have that mindset, as well as a little bit of financial backing to give them a few months to really get going.  I&#039;m glad I have other ways to make some money, but at the same time, I&#039;m certainly not going to look residual income in the mouth and call it bad names.</description>
		<content:encoded><![CDATA[<p><span class='eg-image' style='float:left; margin-right:10px; display:block; width:60px' ><img alt='' src='http://1.gravatar.com/avatar/f2ff4f94ec27c4647b7000767ce55d6b?s=60&amp;d=http%3A%2F%2Fuse.perl.org%2Fimages%2Fpix.gif%3Fs%3D60&amp;r=PG' class='avatar avatar-60 photo' height='60' width='60' /></span>I was thinking of you while I was writing this post, Dennis.  If I had to be a full time blogger right now for my living, I know I wouldn&#8217;t make it.  I don&#8217;t have that mindset right now, and I really believe people have to have that mindset, as well as a little bit of financial backing to give them a few months to really get going.  I&#8217;m glad I have other ways to make some money, but at the same time, I&#8217;m certainly not going to look residual income in the mouth and call it bad names.</p>
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		<title>By: Mitch</title>
		<link>http://www.imjustsharing.com/residual-or-full-time-income/#comment-11774</link>
		<dc:creator>Mitch</dc:creator>
		<pubDate>Thu, 28 Jan 2010 16:27:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.imjustsharing.com/?p=2837#comment-11774</guid>
		<description>Hi Mike,

What you do sounds admirable pretty much, but we both know it&#039;s not the norm.  And, as you said, you at least have a product every once in awhile; that doesn&#039;t happen with a lot of these guys either.  Plus, as you also said previously, this is kind of your full time job now, whereas it&#039;s not mine.  I&#039;ve ruled it out for now, but if I ever get to the point where it makes sense because I have a legit product to market, then I may invest in it at that point.  But right now, it&#039;s just illogical for me, or at least it seems to be.  And, as you can see from some of the comments, I&#039;m not the only one who thinks this way.</description>
		<content:encoded><![CDATA[<p><span class='eg-image' style='float:left; margin-right:10px; display:block; width:60px' ><img alt='' src='http://1.gravatar.com/avatar/f2ff4f94ec27c4647b7000767ce55d6b?s=60&amp;d=http%3A%2F%2Fuse.perl.org%2Fimages%2Fpix.gif%3Fs%3D60&amp;r=PG' class='avatar avatar-60 photo' height='60' width='60' /></span>Hi Mike,</p>
<p>What you do sounds admirable pretty much, but we both know it&#8217;s not the norm.  And, as you said, you at least have a product every once in awhile; that doesn&#8217;t happen with a lot of these guys either.  Plus, as you also said previously, this is kind of your full time job now, whereas it&#8217;s not mine.  I&#8217;ve ruled it out for now, but if I ever get to the point where it makes sense because I have a legit product to market, then I may invest in it at that point.  But right now, it&#8217;s just illogical for me, or at least it seems to be.  And, as you can see from some of the comments, I&#8217;m not the only one who thinks this way.</p>
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		<title>By: Dennis Edell</title>
		<link>http://www.imjustsharing.com/residual-or-full-time-income/#comment-11770</link>
		<dc:creator>Dennis Edell</dc:creator>
		<pubDate>Thu, 28 Jan 2010 13:32:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.imjustsharing.com/?p=2837#comment-11770</guid>
		<description>I can surely relate to the fears and anxieties of Mike&#039;s friend. As you know Mitch I&#039;ve been in the hospital twice in the past 2 yrs, each time for 6-8 weeks. 

I gotta say, nothing pushes you harder to gain that &quot;steadiness&quot; we all look for as far as income is concerned.
.-= Dennis Edell´s last blog ..&lt;a href=&quot;http://www.directsaleswebmarketing.com/the-time-has-come-the-deal-is-done-its-time-to-move/&quot;&gt;The Time Has Come. The Deal Is Done. It’s Time To Move!!&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p><span class='eg-image' style='float:left; margin-right:10px; display:block; width:60px' ><a rel='external' href='http://www.directsaleswebmarketing.com/about'><img alt='' src='http://0.gravatar.com/avatar/a68d687845bbcf9149d2b34cca99e9c0?s=60&amp;d=http%3A%2F%2Fuse.perl.org%2Fimages%2Fpix.gif%3Fs%3D60&amp;r=PG' class='avatar avatar-60 photo' height='60' width='60' /></a></span>I can surely relate to the fears and anxieties of Mike&#8217;s friend. As you know Mitch I&#8217;ve been in the hospital twice in the past 2 yrs, each time for 6-8 weeks. </p>
<p>I gotta say, nothing pushes you harder to gain that &#8220;steadiness&#8221; we all look for as far as income is concerned.<br />
.-= Dennis Edell´s last blog ..<a href="http://www.directsaleswebmarketing.com/the-time-has-come-the-deal-is-done-its-time-to-move/">The Time Has Come. The Deal Is Done. It’s Time To Move!!</a> =-.</p>
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		<title>By: Sire</title>
		<link>http://www.imjustsharing.com/residual-or-full-time-income/#comment-11769</link>
		<dc:creator>Sire</dc:creator>
		<pubDate>Thu, 28 Jan 2010 12:51:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.imjustsharing.com/?p=2837#comment-11769</guid>
		<description>Granted, but if you have loyal readers and you offered that same book in one of your posts, would you not get the same conversion rate?

Personally I have never bought from an email, but I have bought from offers that I&#039;ve read in a post.
.-= Sire´s last blog ..&lt;a href=&quot;http://wassupblog.com/viddler-and-why-some-people-prefer-to-use-them/&quot;&gt;Viddler And Why Some People Prefer To Use Them&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p><span class='eg-image' style='float:left; margin-right:10px; display:block; width:60px' ><a rel='external' href='http://wassupblog.com/'><img alt='' src='http://0.gravatar.com/avatar/cecb015f70905440aa25dcf6ea5b1fd3?s=60&amp;d=http%3A%2F%2Fuse.perl.org%2Fimages%2Fpix.gif%3Fs%3D60&amp;r=PG' class='avatar avatar-60 photo' height='60' width='60' /></a></span>Granted, but if you have loyal readers and you offered that same book in one of your posts, would you not get the same conversion rate?</p>
<p>Personally I have never bought from an email, but I have bought from offers that I&#8217;ve read in a post.<br />
.-= Sire´s last blog ..<a href="http://wassupblog.com/viddler-and-why-some-people-prefer-to-use-them/">Viddler And Why Some People Prefer To Use Them</a> =-.</p>
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		<title>By: Mike CJ</title>
		<link>http://www.imjustsharing.com/residual-or-full-time-income/#comment-11768</link>
		<dc:creator>Mike CJ</dc:creator>
		<pubDate>Thu, 28 Jan 2010 12:41:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.imjustsharing.com/?p=2837#comment-11768</guid>
		<description>Interesting about the email list stuff. I think the problem here is that everyone assumes that an email list is either:

1/ A means to pump out sales pitches. Or
2/ A means to pump out a list of your posts.

I see it as neither. I see it as a way to add some real additional value to those readers who subscribe. 

They get a weekly newsletter from me, which talks about what I&#039;m doing and thinking, much more personally than I do on the blog. They&#039;re invited to reply, and boy, do they!

I also send them stuff I come across that I find on the web. For example I managed to get a couple of good business books that were PLR, so I sent them out to my subscribers as a freebie.

I like to think that people really enjoy what they get from me, and the feedback and the fact the they don&#039;t un subscribe suggests that&#039;s true.

So what&#039;s the benefit for me? Well here it comes. When I launch a product (and bear in mind I&#039;ve only ever had three, so it&#039;s not a frequent thing) I offer it to that list first. 

At my most recent launch, more than 10% of the people on that list bought the product. Now I don&#039;t know how you do with the affiliate products on your posts Mitch, but I would suggest the conversion rate is somewhat less than 1%, which is typical as a conversion from web readers.

That&#039;s why any blogger who wants to make money online needs a subscriber list, and why they should invest time and energy in giving value to that list.

Which makes more business sense to sell 100 books?

1/ Writing a 15 minute email to my subscribers saying &quot;Here&#039;s my new book, I think you&#039;ll like it.&quot;

2/ Or desperately scratching around for weeks to drive 10,000 cold, un-engaged people to a sales page for it?
.-= Mike CJ´s last blog ..&lt;a href=&quot;http://www.mikeslife.org/content/why-i-unsubscribed-your-blog&quot;&gt;Why I unsubscribed from your blog&lt;/a&gt; =-.</description>
		<content:encoded><![CDATA[<p><span class='eg-image' style='float:left; margin-right:10px; display:block; width:60px' ><a rel='external' href='http://www.mikeslife.org'><img alt='' src='http://0.gravatar.com/avatar/0cee405482dddddbb5953dd0e272d07e?s=60&amp;d=http%3A%2F%2Fuse.perl.org%2Fimages%2Fpix.gif%3Fs%3D60&amp;r=PG' class='avatar avatar-60 photo' height='60' width='60' /></a></span>Interesting about the email list stuff. I think the problem here is that everyone assumes that an email list is either:</p>
<p>1/ A means to pump out sales pitches. Or<br />
2/ A means to pump out a list of your posts.</p>
<p>I see it as neither. I see it as a way to add some real additional value to those readers who subscribe. </p>
<p>They get a weekly newsletter from me, which talks about what I&#8217;m doing and thinking, much more personally than I do on the blog. They&#8217;re invited to reply, and boy, do they!</p>
<p>I also send them stuff I come across that I find on the web. For example I managed to get a couple of good business books that were PLR, so I sent them out to my subscribers as a freebie.</p>
<p>I like to think that people really enjoy what they get from me, and the feedback and the fact the they don&#8217;t un subscribe suggests that&#8217;s true.</p>
<p>So what&#8217;s the benefit for me? Well here it comes. When I launch a product (and bear in mind I&#8217;ve only ever had three, so it&#8217;s not a frequent thing) I offer it to that list first. </p>
<p>At my most recent launch, more than 10% of the people on that list bought the product. Now I don&#8217;t know how you do with the affiliate products on your posts Mitch, but I would suggest the conversion rate is somewhat less than 1%, which is typical as a conversion from web readers.</p>
<p>That&#8217;s why any blogger who wants to make money online needs a subscriber list, and why they should invest time and energy in giving value to that list.</p>
<p>Which makes more business sense to sell 100 books?</p>
<p>1/ Writing a 15 minute email to my subscribers saying &#8220;Here&#8217;s my new book, I think you&#8217;ll like it.&#8221;</p>
<p>2/ Or desperately scratching around for weeks to drive 10,000 cold, un-engaged people to a sales page for it?<br />
.-= Mike CJ´s last blog ..<a href="http://www.mikeslife.org/content/why-i-unsubscribed-your-blog">Why I unsubscribed from your blog</a> =-.</p>
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		<title>By: Mitch</title>
		<link>http://www.imjustsharing.com/residual-or-full-time-income/#comment-11735</link>
		<dc:creator>Mitch</dc:creator>
		<pubDate>Wed, 27 Jan 2010 15:20:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.imjustsharing.com/?p=2837#comment-11735</guid>
		<description>And there you go, Glen.  I actually did do what it took to reach top levels, and I went as high as I could without the proper degree.  These days, I&#039;m trying to do it in a much different fashion, but I&#039;m not going to lie and say that it wouldn&#039;t be much easier if my online cash was enough such that I could afford to take some chances I can&#039;t do now.</description>
		<content:encoded><![CDATA[<p><span class='eg-image' style='float:left; margin-right:10px; display:block; width:60px' ><img alt='' src='http://1.gravatar.com/avatar/f2ff4f94ec27c4647b7000767ce55d6b?s=60&amp;d=http%3A%2F%2Fuse.perl.org%2Fimages%2Fpix.gif%3Fs%3D60&amp;r=PG' class='avatar avatar-60 photo' height='60' width='60' /></span>And there you go, Glen.  I actually did do what it took to reach top levels, and I went as high as I could without the proper degree.  These days, I&#8217;m trying to do it in a much different fashion, but I&#8217;m not going to lie and say that it wouldn&#8217;t be much easier if my online cash was enough such that I could afford to take some chances I can&#8217;t do now.</p>
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