“The Bubble”: walk up to any Silicon Valley entrepreneur and say these words, and watch them shiver. The Internet draws the start-ups and investors in droves, and for every success story there are hundreds of failures. Some of you with your own site with an ad or two up, watching it grind out pennies per day at best, may wonder sometimes: does anybody really make money at this stuff? Well, yes, it does happen.
Although “GetItInWriting”‘s post on the top web earners is a few months old, it just made the rounds on Reddit again. Look at that top earner – $300,000 per month, running to 3.6 million per year! For running a dating site – a shoestring budget one at that.
But the amounts scale down quickly – number 7 on their list makes $10,000 per month, which is still nice for sitting at home watching the checks pour in your mailbox, but $120,000/year is about what several big-shot positions in the IT field make for a secure day’s work. And remember, that’s just the top seven! It scales down much faster than that for pure ad-driven revenue. Basically, anybody else claiming huge revenues from ad-supported content is using the trick to make a six-figure income from blogging in two easy steps. Ha!
Then there’s the “sneaky start-up” strategy. “Sneaky” because you have a sly idea that just might work, so you put it in action and get lucky. The famous “Million-Dollar Home Page” is one such example, but ideas like this have a problem: they only work once. The guys who started YouTube made a big gamble and won when Google bought them, but there’s a hundred more video-sharing sites out there that will never see that kind of glory.
Then, of course, there’s the obvious: mad IT skills! If you’re a skilled professional, it goes without saying that you can eventually kick up your heels and quit the office world to be a consultant or freelancer. Of course, this goes right back to boring old working for a living. You can do that as easily away from the web as on it. What fun is that?
- August’s Report – Summer Slowdown.
- Making money online – May 2007
- Blog Revenue (Or, my Impossible adventure in Making Money Online)
- “If I Were President…” Of A Social News Website
- Embarrassing Moments In My Past Computer Geekhood