It’s sometimes funny how an innocuous blog post about one thing can spark off a series of interesting comments about a related topic. Burt’s post about being busy did just that with some interesting comments about peoples’ motivation.

This got me thinking about what makes me come home from a day working in front of a computer…and spend more hours working in front of a computer!

My motivation is three fold:

1. Money - the extra income I earn from the online world enables me to live a more comfortable lifestyle with a few extra luxuries - to indulge in my hobbies (snowboarding & mountain biking) and to buy more gadgets & clothes than I otherwise would be able to.
2. Knowledge - I enjoy learning new things and there’s always something new to learn whether it be PHP, SQL or CSS etc. 
3. Challenge - similar to knowledge, I enjoy figuring out solutions to problems and get satisfaction from getting a site to do exactly what I want it to do.
4. Ego (wasn’t sure what to call this one!) - I get a bit of a kick from creating a site, publishing it on the web and then seeing how popular it becomes. It’s also a sort of culmination of gaining the knowledge and overcoming the challenge which ultimately leading to making some money.

However, sometimes even these aren’t enough, and I do just come home, sit in front of the TV and not even turn the computer on (or just go to the pub!). Remember, for me, this is extra income - I’m not relying on it to pay the bills or to buy my food which I suspect gives you that extra kick if you are full-time self-employed.

That’s just me though - it’s always interesting to hear why other people are doing it and what keeps them going - what are your motivators?

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Well still nothing too exciting to report from me - I’m still going through a period of creating new sites.

The big site I’m having done at RentACoder is coming on nicely but still a couple of weeks from completion.

The tipsters venture is going at a snails pace, largely because my first customer still hasn’t chosen a domain name, although I have been developing the nuts and bolts of the site locally. Off the back of this, I also have a second customer lined up who wants their own tipping site. The idea is to simply offer him the same site with different graphics etc - nice and easy! Both of these will be run on a revenue share basis.

The new site I put up last month has now made over £110 ($220) this month, which has massively exceeded my expectations. When I get some spare time, I’m going to try to find some similar products to repeat this formula on.

Finally, in conjunction with an old online friend, I’ve knocked up a little niche site based around a few unique articles she had written. We are going to give this away to our mailing list for free, with a small up-sell of some extra unique articles on the same topic. Depending on how this is received, we may do a similar thing on some other topics, perhaps changing for the initial site too with a limited number of copies for sale. It’s a bit of an experiment, but also a thank you to our mailing list, so we’ll see how it goes.

Offline, my flat purchase has been delayed again, very frustrating indeed

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Today turned out to be a day of opportunities as I happened upon two new possible projects:

1. I think I mentioned that I work in the betting industry… well my office has a number of people who fancy themselves as “tipsters”. For those of you who don’t know, a tipster is someone who advises what bets to place and how much to stake. Most tipsters charge a monthly fee for access to their tips. One of the guys has been offered a deal to put his tips on an existing tipping site and to be possibly paid for this. I suggested he should set up his own site meaning full control and 100% of the revenues. I then offered my services of course! So we’re going to work on a membership site for him to post his tips, with subscriptions via PayPal. I’ll take a percent of the revenue and I’m also going to suggest I take any affiliate sign-ups to bookmakers. He has a nice niche so I think it could be quite successful with a little promotion. I’ve just been doing some searching for a script and this looks quite good - anyone used it?
2. I got home from work to find an e-mail from an online associate floated the idea of setting up a paid members site - the idea is in its’ infancy but sounds like it could be workable - watch this space for any updates.

The beauty of both these projects if they happen is that they will provide recurring monthly incomes - something none of my current sites do at present with any kind of certainty.

All in all, a promising day. Now I just need to make them happen!

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Apologies for the lack of updates this week; I work in the betting industry and this week it has been the Cheltenham Festival - the biggest week of the year for the industry with predictions of £600m+ in turnover ($1.2bn) across the 4 days - so things have been somewhat busy in the offline world. I’m also in the process of buying a flat so that is taking up any spare time (and money!).

Anyway, on the online front, here’s a quick summary of what’s going on…

• The new site I launched almost a month ago is starting to make money. I was beginning to think it was a dead dog, but it’s suddenly started earning with £55 ($110) made in affiliate sales in the past 4 days. All visitors are from an AdWords campaign with an Avg CPC of 2p. I’ve had 45 clicks costing me 84p ($1.68) so a very nice return so far!
• The site I had an idea for and then comissioned through RentACoder is chugging along and seems to be going ok. Following my Top 10 Tips for Buyers on RentACoder has paid off as I seem to have a decent coder.
• New site - I’ve got an idea for a new site which I hope to finish this week. It’s in a very competetive market and, again, UK focused but I think I have a unique slant on it. The idea is to code a “wizard” type site where users can enter some details and it will choose the right product for them (to buy through an affiliate link of course!). I hope to get this finished by next weekend.

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No posts for a week and then 3 in one day? I know, just like London buses!

Anyway, for some reason, I just remembered an article I read in the Guardian a few weeks back about a guy who has been very successful at building one-way in-bound links using “viral” techniques. It’s an interesting read:

How To Get Online Advertising for Free

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Just over a week ago, I posted about how I’d had an idea and had posted the project on RentACoder (RAC) as I did not have the time (and quite possibly the knowledge!) to do the work myself.

Having used RAC in the past, I thought I’d post my top 10 tips for buyers through from posting your project to choosing a bid for your project:

1. Attach your own specification. And make it detailed. Take your time to think through all the functions and pages you need and write it down. The advantages of doing this are that you should get more accurate bids, it should cut down on your cost rising throughout the project and your project is more likely to be finished on time.
2. Set a maximum bid. There’s no point in attracting bids from coders that you can’t afford, but make it realistic.
3. Set a deadline. Setting a realistic deadline is important as you can then set your coder key milestones within this time-frame to keep the project on target. Setting an unrealistic time-frame will severely reduce the number of bids you receive.
4. Don’t choose any bid posted within 15 mins of your project being approved. Anyone who bids within this time-frame cannot have possibly looked through your spec, thought about it and come up with a realistic bid.
5. Don’t choose anyone who bids but does not send you a message. I find this to be extremely rude and I can’t be sure they have a clue what my project is about.
6. Avoid any bids that send an obvious cut n paste message. Examples of this include details about their company, URLs of sites unrelated to your project they have “worked” on.
7. Don’t use coders who send a message with a poor demonstration of the English language. How are you supposed to communicate accurately throughout the remainder of the project if their English is poor?
8. Avoid bids that are too high/low. Never choose a bid for your maximum amount. I always avoid the stupidly low bids too but this is personal preference as some very good new sellers will bid low in order to get projects to establish themselves on RAC.
9. Don’t choose anyone with no or low rating. Harsh but true. You’re taking a massive gamble if you do (sorry new sellers who are trying to establish themselves).
10. Check feedback. Always check feedback for a buyer before choosing them. In particular check any mediation’s/arbitration’s carefully. Note: you shouldn’t dismiss a buyer because they have been involved in mediation/arbitration but if they have been involved in many, this should set alarm bells ringing!

Using these points I have selected a guy from India for my project who has a 10 rating and posted a bid in the mid-range of the bids I received. He speaks good English and appears to have read and understood all that was required from my spec.

We shall see how things progress - the deadline I set for the buyer is one month…

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Just a quick post to say my second attempt at flipping a site has failed - the auction ended without a single bid I’m going to extend the auction and lower the start price to try and off-load it.

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