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## Thursday, September 25, 2008

### Understanding the 80/20 Principle

Take a look at some facts below:

• Back to 1985, in Indonesia, Chinese residents comprised less than 3% of the population, but owned 70% of the wealth. Similarly, in Malaysia, the Chinese own 95% of total wealth.
• In any large retail store, approximately 20% of the sales staff will make more than 80% of the dollar value of sales.
• Of investments made by a successful venture capitalist, 5% of them provide 55% of cash, 10% produce 73%, and 15% yield a total of 82%.
• More than 80% of books sold come from 20% of authors, and fewer than 20% of media stars hog more than 80% of the limelight.
• Fewer than 20% of inventions have more than 80% of impact on our lives. Nuclear power and computer had greater influence than hundreds of thousands of other inventions.
• More than 80% of scientific breakthroughs come from fewer than 20% of scientists.
• Crime statistics repeatedly show that about 20% of thieves make off with 80% of the loot.
• Far fewer than 20% of wars produce more than 80% of casualties.
• More than 80% of food comes from far less than 20% of land. Fruit typically accounts for much less than 20% of the mass or weight of a tree or vine.
• Wherever you go, fewer than 20% of clouds will produce 80% of rain.
• Fewer than 20% of species cause more than 80% of ecological degradation. It’s estimated that just one species, out of the 30 million on earth causes 40% of the harm. Guess what? us.

### What is the 80/20 Principle?

Over 100 years ago, a shaggy-haired Italian economist got a real shock. Professor Vilfredo Pareto of Lausanne University was investigating wealth in Britain. He found a curiously lopsided picture: a few people had most of the money.

Then he looked at statistics on British wealth in earlier centuries. Every time, he got an almost identical picture. Pareto then compared wealth in America, in Italy, in France, in Switzerland, and elsewhere. For every country with statistics, he came with the same result. A law of money operated everywhere, any time.

Pareto explained his law badly, until 1950 did Joseph Juran rename it the 80/20 principle: 20% of people enjoyed 80% of money. In Pareto’s time, taxes were very low. In the last century, governments around the world taxed the rich to give to the poor.

Yet Pareto’s picture hasn’t budged. The wealthiest 20% of Americans own 84% of money. The planet’s top 20% corner 85% of money. These numbers are shocking. Money -and the 80/20 principle- are more powerful than governments.

We find that the top 20% of people, natural forces, economic inputs, or any other causes we can measure typically lead to about 80% of results, outputs, or effects.

The 80/20 principle works everywhere in life. It’s surprising and amazing.

### How Come the 20% Own 80%?

Money, by it’s nature, is a force. Money dislikes being equally distributed. Money clones money. “The greatest force in the world?” as Albert Einstein said, “Compound interest.” Money obeys the 80/20 principle because of compound interest.

People with the most money have typically saved and invested it for many years. Compound interest multiplies savings in a breathtaking way. Try to start with a small amount of money, save and invest it, then compound interest will do the rest.

For example, in 1946 Anne Scheiber, who knew little about money, put \$5,000 into the stock market. She locked away the share certificates and stopped worrying. By 1995 her modest nest egg had transmogrified into \$22,000,000 -up 440,000%!

Now, let’s assume that you are 18 years old by now. You have an annual income \$16,000 a year. If you could save \$1,600 a year, which is only 10% of your earning, your nest egg would become \$1.5 million when you were 65.

Because of compound interest, money becomes concentrated in few hands. There is therefore one, and only one, infallible 80/20 route to enough money -to save and invest in the easiest possible way.

If we never save money, we will always be poor, no matter how much money we earn.

### Why do a Few People Have Most Money?

Modern life is a mistake. Instead of working to live, we live to work. We have never been so free, yet failed to realize the extent of our freedom. We have never had so much time, yet felt we had so little.

Modern life bullies us to speed up our lives. We use technology to do everything faster. But in racing against the clock, all we do is stress ourselves out. Going faster doesn’t give us more time. It makes us feel that we’re always behind. We battle against time, our imagined enemy. We perceive time as accelerating, draining out from our lives.

In the 19th century, John Stuart Mill gave one excellent reason for this being true:

We don’t want to be rich, we just want to be richer than other people. When our living standard improves but everyone else’s does too, we don’t feel better off. We forget that our cars and houses are better than before, because our friends all drive similar cars and have just as pleasant homes.

On April 8, 1991, Time magazine’s highlighted the price paid for successful careers. 61% of 500 professionals said that “earning a living today requires so much effort that it’s difficult to find time to enjoy life.” 38% said that they were cutting back on sleep to earn more money. 69% said they’d like to “slow down and live a more relaxed life”; only 19% wanted “a more exciting, faster paced life.” 56% wanted to find more time for personal interests and hobbies, and 89% said it was important to them to spend more time with their families, something that their careers made difficult.

More money can be a trap, leading to more spending, more commitments, more worry, more complexity, more time on administering money, more desires, more time at work, less choice about how we spend our time, and degradation of our independence and life energy. Our lifestyle locks us into our “workstyle”.

In earning money, we sell our time, which is really our “life energy.” The effort to make a living consumes our life. We underestimate how much life energy is being consumed by our work. We overestimate what we are getting in return.

When you break the link between work and money, you give yourself the opportunity to discover what your true work is -it may turn out to be totally unrelated to what you are currently doing for money.

This is why a few people have most money and most people have very little.

### How to Apply 80/20 Principle into Our Lives?

It’s all about mental mindset. In reality, the best way to achieve more is to do less. Less is more when we concentrate on the few things that are truly important, not the least of which is happiness for ourselves and our loved ones.

Writing down your ideal destination works wonders. Of Yale’s 1953 graduating class, only 3% set written financial goals -similar to our 80/20 destination. Twenty years later, researchers discovered that these 3% had more money than all the other 97%.

Use time and money intelligently. Make less go further. The quality and value of time soar once we control them. Instead of money ruling our lives, making work stressful or miserable, we can use money to regain control of life. We can deploy energy where we’re most carefree, creative, and content.

It’s time for time revolution. We have too much time, not too little. Stop worrying. Do fewer things. Chuck your to do list, make a not to do list. Act less, think more. Reflect on what really matters to you. Stop doing anything that isn’t valuable, that doesn’t make you happy. The modern world has accelerated out of control. Technology was meant to add to our free time, but it’s done the opposite. Be unconventional, even eccentric. Purge your diary. Dump your cell phone. Stop going to meetings or events that bore you. Reclaim time for yourself and the people you care about. I admire Warren Buffett for his wildly unconventional way with time. He runs America’s biggest conglomerate empire. But does he rush around? Absolutely not. Once there, he “expects to lie on his back and paint the Sistine chapel ceiling.” He makes very few decisions, only the extremely important ones. By being relaxed and thoughtful, he usually gets them right.

Maximize your happiness times. If 80% of your time leads to only 20% of your happiness, can you cut those activities, freeing up time for things that make you happy? Luckily, there are always many activities that give us a poor return on happiness for the time spent. For example, if watching television makes you happy, do more of it; but otherwise, stop. Spend more time on the things you enjoy. Try out your new projects while you are still working at your normal job. Experiment with different ideas until one clicks.

Focus on your best 20%. Focus is the secret of all personal power, happiness, and success. Focus makes less more. Few people focus, yet focus is easy. Focus expands individuality, the essence of being human. Who are you? Who do you want to become? Life’s greatest mystery is human character and uniqueness. We craft individuality. Individuality implies differentiation. Becoming different requires editing, subtraction, focus. By focusing on our best, unique attributes, we become more individual, more human. We focus our power, our singularity, and our ability to enjoy life profoundly and uniquely.

Focus on your 80/20 destination. A destination is where you want to arrive and where you want to be. “Destination” means your goals, dreams, objectives throughout life -what you want to achieve. The kind of place you want to be -the people you want to be with, the kind of person you want to become, the experiences you want to have, the quality of your life. Where you most care about arriving -the life that suits and expresses you.

Find the 80/20 route. What’s the best and easiest route to your 80/20 destination? There are always many possible routes to any destination. There is always a route that provides an elegant and relatively easy solution, a way to get much more of what we want for much less energy, time, money, and bother. All we have to do is to find it. By taking a little extra time to think, you’ve found a much easier route that is also faster. Be clear, however, about your objectives before deciding the route.

Draw your more-with-less chart. Take a look at the chart below. Imagine that I am wanting a date with Dian Sastro. What am I supposed to do? I could draw attention to myself, maybe becoming the best actor, selling platinum album, or winning the president election. But Dian may not notice. This is a high-effort, low-reward approach (1st quadrant). I could spend ages trying to win over her parents or her grand mother, hoping that they’ll arrange me a date. This may work, but only with extraordinary effort (2nd quadrant). I also can dream on how nice the date would be, but do nothing. Easy but useless (3rd quadrant). Otherwise, I could simply wear a nice suit, go up of her, put on my best genuine smile, commit her a random act of kindness, and ask for a date. It is easy and just as likely to work.

Apply more-with-less to our individual lives. Using chart above, find super-returns on your energy. In every industry, every profession, every organization, some people are getting ahead much faster than others, without working harder. It is always possible to improve anything in our lives by a large amount. The way to make the improvement is to ask, “What will give me a much better result for much less energy?” It’s not enough to seek improvement by means of greater effort or the same effort as today. A much better outcome must be sought alongside lower effort.

Take 80/20 action. 80/20 action is dictated by your unique 80/20 destination and 80/20 route. 80/20 action focuses on the very few actions that are proven to give you the great majority of your happiness and fulfillment: less is more. 80/20 action involves less total action and greater total results -more with less. It’s time where we apply less is more and more with less to five key areas of life:

• work and success
• money
• relationships
• the simple, good life

Be “lazy” and relaxed. There are “lazy” people, like Ronald Reagan, who achieved a great deal just by being focused on one or two objectives. And there are super-hard workers, like Jimmy Carter, who had too many objectives and failed frenetically. A hard-working person is often too busy to spot what’s really significant. A “lazy” person wants to do as little as possible and so concentrates only on the essentials. What’s really productive is a “lazy” person who thinks new thoughts and is focused on making them happen. Thinking is often disturbing, sometimes even frightening. For most of us, the only way to create something new and valuable is to slow down, do fewer things, chill out. If you really love what you’re doing, you don’t need to be lazy. If you’re doing lots of things you don’t enjoy, cut them, keeping just the valuable and enjoyable things.

Friendship Pleasure. Work out how much time you spend with your key friends and with other friends. You may be surprised. You’re more likely to spend time with neighbors whom you like moderately than with your best friends. Try to live near your best friends. In any case, see them frequently.

Find someone to love. Finding the right partner is a ticket to happiness. Love at first sight usually doesn’t work. Committing to a life partner based largely on performance in bed is a poor bet. True love can move mountains but romantic love may not last. To be happy over the long haul, consider being able to get close to other people, depend on them, and have them depend on you. If you are not secure yourself, you must select a secure partner. Choose an optimistic partner, or one willing to learn optimism. Select someone who has the same basic values on fundamental issues, such as honesty, money, or kindness. Focusing on the few things that matter makes all the difference between success and failure in relationships.

Maintain a happy family. Close bonding between parent and child creates security and happiness throughout life. Children don’t understand the concept of “quality time,” they want attention all the time. The 80/20 Principle is to give more care and love to fewer people, the people we care most about. All time spent with one of your children is time well spent, with an enormous payoff for the child, for the rest of the family, and for society. Parents need to show that they love one another, even when they are annoyed. The payoff is that forcing love to win over grumpiness will make you happier too. Happy families can cope with disaster or difficult children.

Last but not least, stop comparing ourselves to others. Be content with being happy. Be happy with what we have. Stop striving after things that make us restless and unhappy. Why bother? Less is more -dump the stressful and unrewarding parts of our lives.

### Why Does This Seem So Difficult?

Our desires are infinite and contradictory. We are restless, ambitious, and conditioned to think that more is better. We compare ourselves to other people. As some friends become richer, we don’t want to fall behind. If the neighbors have a new car, I want one too, even though I’m perfectly happy with the old one. Even if I’m lucky enough to own a yacht, I’ll notice that the owner of the next berth has just bought a bigger one with more powerful radar.

Many of us believe that ambition, effort, and striving are good, that we must develop our abilities and reach for the stars. We feel guilty if we are not competing, struggling to go further.

To expect more with less may seem unreasonable, but this is precisely the reason that amazing improvement is possible. The trap in making more effort to improve things is that we continue making the same kind of effort. We may improve things, but it will be a minor improvement and sooner or later we’ll exhaust ourselves in the process. Instead, it should be plain that in making the startling demand for more with less, we are going to have to dream up a great breakthrough. By deliberately cutting back on what we put into the task and yet asking for much more, we force ourselves to think hard and do something different. This is the root of all progress.

### Conclusion

The 80/20 Principle makes everything as easy as possible, but not easier. It is harder to start. Ultimately, to make a life requires some new and different effort. Nevertheless, effort is effortless when driven by desire and love. Too often we’re driven by the dead hand of guilt, worry, or duty. Duty wastes life energy.

Our lives are most enjoyable and valuable when we are driven by the few things that excite us. If we are not excited, nothing is of any use. If we are not ourselves, little will come of our lives. If we are excited and ourselves, however, there is no limit to our happiness or achievement.

Yes, it takes a little effort to get on the 80/20 Principle. It requires a different attitude. You must stand out from the crowd. You must cast off the sticky chains of modern convention. It takes action. But you can do it. Decide now that you will. To multiply happiness, start those few actions right away. Once you get the hang of it, it will seem the easiest way of all.

### Would You Like to be Rich?

Here is the single most important thing you will ever hear about investing: Getting rich is simple. Not easy, but simple. And here is the second most important thing you will ever hear about investing: You have no excuse not to do it.

Only three ingredients are needed: income, discipline and time. Chances are, you already have two of them, income and time. All you need to do is add the third, discipline. And armed with the following knowledge, that key third ingredient may be a lot easier to find. Here’s how it works:

Say you start with nothing, invest \$500 of your income a month (a healthy discipline), and let your money ride over time in diversified investments. Long term, the stock market returns at least 10% annually. Assuming a 10% return, you’d have \$102,000 after 10 years, \$380,000 after 20 years, and \$1.1 million in 30 years.

Here’s a similar scenario: If you start with a nut of \$50,000 and add only \$250 per month, you’d have \$180,000, \$516.000 and \$1.4 million after 10, 20, and 30 years, respectively. All this happens through the power of regular investing and a simple-but-powerful concept called compounding. Yes, saving a bit over a long time is a sure way to growing your nest egg. Why? Because of the power of compounding. The piece goes on to explain this:

Compounding is the reinvestment of the interest you receive from the money you set aside. For example, if you invest \$1,000 and earn 10% interest on your principal at the end of each year, you’ll get in \$100 interest at the end of the first year. If you reinvest that interest, the second year you would start with \$1,100, and thus would earn \$110 interest. If you stay with it, you’d more than double your money every eight years.

“Compounding,” Albert Einstein said, “is mankind’s greatest invention because it allows for the reliable, systematic accumulation of wealth.” Einstein was a smart man. But you hardly have to be a genius to make this concept work for you. But you need more than compounding to help make the most of your money. The real magic of investing comes when you combine the surprising power of compounding with continuous and regular investments –in other words, discipline.

The best way to make these continuous investments happen is by setting up an account with a broker or mutual fund that automatically deducts a fixed amount from your bank account every month. “Automatic” is the operative word here. Trust me, if you don’t set it up that way, it won’t happen. Instead, you’ll end up pouring money in when the market is soaring and skipping payments when it’s heading down. Eventually you’ll get discouraged and give up.

The process of continuously investing a fixed dollar (rupiah) amount is called dollar-cost averaging –a term that sounds much more technical than it is. Through dollar-cost averaging, you’ll end up buying more shares when a stock or fund is down, and fewer when it’s up. For instance, say you’re investing \$500 monthly in a stock trading initially at \$50 per share; so the first time, you buy 10 shares. If the next month the stock moves up to \$62.50 your regular purchase will net you only eight shares. However, if the stock drops to \$41.67, you’ll get 12 shares (not including any transaction fees).

It’s easy to set up regular-investment mechanisms, thus harnessing the power of dollar-cost averaging. Mutual funds are the traditional way. But there are other outlets, as well, that allow you to apply the strategy with individual stocks or exchange-traded funds, which are baskets of stocks that identically track standard market indexes, such as the Indeks Harga Saham Gabungan (IHSG) or Dow Jones Industrial Average (DJIA).

Of course, if you prefer to get rich in another way, there are options. You could win the lottery/jackpot, or pick the next McDonald Stores. But don’t quit your day job just yet. Your chances of winning big in the lottery run around 15 million to 1, at best.

Here’s the bottom line, like it or not: The fate of your retirement, your comfort in older age, probably lies in your commitment to the concepts laid out in the paragraphs above. For the vast majority of us, wealth creation is a slow, steady, and powerful process. The tortoise almost always beats the hare.

## Wednesday, September 10, 2008

### Make Money Online: 100+ Tools and Resources

Making money online is a dream for many, but the simple fact is that it’s often just as tough as making money offline. Due to requests, we’ve put together a list of the most popular money making methods today, many of them focused on blogging and peer production.

A word of caution: for the sake of completeness, we’ve included a small number of sites that have been criticized for their ethics. If it sounds too good to be true, it generally is. Commenters are welcome to share their experiences of the various sites.

Get Paid To Write

Weblogs, Inc. - Apply to blog for one of their ninety plus blogs or submit your own topic idea. They will pay you per post that you write and you must meet their minimum post requirements.

PayPerPost - Get paid as much as \$500 or more a month writing articles and reviews of their sponsors on your blog.

Blogsvertise - Their advertisers pay you to mention and talk about their websites, products and services in your own blog.

Review Me - After your blog has been accepted in their network, they will pay you \$20 to \$200 per post that you write.

Smorty - Earn \$6 to \$100 dollars per post you write on your blog. Amount paid for each post depends on the overall popularity and page rank of your blog.

SponsoredReviews - Write reviews for their advertisers’ products and services on your own blog. They charge a 35% transaction fee for their services.

LoudLaunch - Blog about the advertisers campaign releases that meet your interests. They pay once a month.

Blogitive - Get paid weekly via PayPal for posting stories that interest you.

BloggerWave - Select the advertiser opportunities that best suit your blog and write reviews on their products and services.

InBlogAds - Write about websites, products, services and companies on your blog and get paid for it.

BlogToProfit - Make \$250 dollars or more by writing new posts on your blog.

Creative Weblogging - Write 7 to 10 posts per week for their network and they will pay you \$225 per month.

WordFirm - Make money publishing books as a freelance writer from home.

451 Press - Write for a blog within their network and receive forty percent of all generated revenue.

Digital Journal - Network of bloggers that get paid to report on newsworthy articles through their blogs.

BlogBurner - Sign up for a free blog and get paid for writing new posts. Your commissions are generated through Adsense clicks.

Squidoo - Earn money by writing your new blog, or choose to donate your earnings to charity.

About.com - Become a paid guide writing articles for About.com. Compensation depends on the growth of your page views.

DayTipper - Earn \$3 for every short tip you write and get published.

Helium - Earn a share of their advertising revenue by writing articles in their channels.

Dewitts Media - Get paid to write your own blog. This site requires you have a minimum page rank of 3 to sign up.

BOTW Media - Make money writing a blog for their blogging network.

CreamAid - Get paid to submit blog posts in their directory.

Mashable - Mashable hires freelancers and new staff, offering one of the largest platforms for tech bloggers.

Google Adsense - Most popular pay-per-click advertising provider. Make anywhere from \$0.01 to \$5.00 plus per click on site relevant ads.

Text-Link-Ads - Approve or deny the advertiser links that appear on your site. They pay you 50% of the sale price for each text link sold on your website.

BlogAds - The average blogger makes anywhere from \$50 to \$5000 dollars a month selling blog ads. To participate in this program you will need to get sponsored by someone in their network.

LinkWorth - Here you will find eleven different options to fit your advertising needs. Choose from text based advertisements, sponsored ads and paid blog reviews to name a few.

CrispAds - Access to over six thousand advertisers in their pay-per-click program. You choose the advertisers that suit you best.

Chitika - Offers six types of advertising to fit your needs.

AzoogleAds - Delivers targeted advertisers to their network of publishers to bring you the most profitable solutions.

Vibrant Media - Offers in-text contextual based advertisements.

Qumana - Embeds ads directly into your posts. Ads are generated from keywords that you select. Not particularly popular with readers.

PeakClick - Austria based pay-per-click provider. Provides automatic insertion of site targeted ads.

DoubleClick - Offers a full suite of products for publishers that enable you to forecast, sell inventory, serve ads and analyze campaigns online and through other digital channels.

Tribal Fusion - They offer reliable payments, free ad-serving technology, a dedicated account manager and up-to-date, real-time reporting, with a 55% payout. Must go through an approval process.

AdBrite - Approve or reject any ads purchased for your sites. Also gives you the ability to sell ads direct with “Your Ad Here” links.

ThankYouPages - Shows ads based on demographics and relevancy. Majority of traffic must originate from U.S.

Clicksor - Inline text link advertising, underlines words directly in your posts making them clickable advertisements. Once more, we’d say that inline ads are not popular with regular blog readers.

TargetPoint - Contextually and search targeted pay-per-click ads.

IndustryBrains - Place relevant contextual text listings and graphical ads on your site.

BloggingAds - Post one-time ads on your site. Pays via PayPal.

BulletAds - Performance based online advertising network.

AdsMarket - Match your traffic to handpicked advertisers with top-converting products and services.

ROIRocket - Targeted campaigns specific to your marketing needs.

AdKnowledge - Offers complete outsourcing of your advertising management. Runs ads in websites, email and search engine inventory.

Yes Advertising - Payouts for running ads from their sponsors. Also offers a referral program that pays 20% of the referred webmasters earnings.

RevenuePilot - Offers pay-for-performance and pay-per-click advertising for your sites.

SearchFeed - Integrates paid advertisements into your site’s search feature.

Bidvertiser - Display text ads on your site and advertisers bid for placement.

Pheedo - Monetize your RSS feeds with this program.

ValueClick media - Generate revenue by displaying ads through banners, pop-unders and rich media. Be warned that pop-unders are unpopular these days.

OneMonkey - Another text based advertising program.

Yahoo Publisher Network - Use the internet giant, Yahoo, to display targeted ads on your site.

Q Ads - Monetize your site by placing ads anywhere you can add a picture.

Affiliate Networks and Programs

Amazon Associates - Link to Amazon’s products and services and earn up to 10% of the sale price. Converts well for product-focused sites.

ClickBank - Over 10,000 products to promote with commissions as high as 75%.

Commission Junction - Promote the advertiser’s products and services in exchange for a commission on leads or sales.

LinkShare - Pay-for-performance affiliate marketing network. Gives you the ability to use individual product links on your site and generate revenue from sales.

Affiliate Fuel - Serves as a middle man to bring publishers and advertisers together to promote products and services.

LinkConnector - Affiliate marketing network that offers a zero tolerance fraud policy to keep you safe while conducting business.

LeadPile - Affiliate network that allows you to generate and sell trade leads to the highest bidder.

Forex-Affiliate - Affiliate program that allows you to earn commissions from trading Forex (currency exchange) online.

incentAclick - CPA (cost-per-action) affiliate program that guarantees the fastest ROI in the industry.

AdPlosion - Earn revenue by selling leads, clicks and products from their advertisers. Also runs an incentive points program in addition to your commissions.

AffiliateFuture - Another affiliate program that pays you for generating leads, sales and clicks.

ClixGalore - Affiliate network consisting of 7500+ advertisers for you to choose from.

ThinkAction - Affiliate network that claims to have the top payouts and the possibility of earning over \$100,000 dollars per month.

RocketProfit - Affiliate network, pays via check after your commissions reach \$25 dollars.

CafePress - Earn affiliate commissions by selling your personally branded merchandise.

Avangate - Make money selling popular computer software titles through your site.

Paid Social Media Programs

Dada.net - Social site with a revenue sharing program that pays you for referring friends and driving traffic.

Jyve - Pays you to provide answers, advice and peer support to people in need of some help.

Cruxy - Specializes in social video, but serves as a venue to sell your digital media.

BitWine - Get paid to give advice and answer questions for people, on subjects of your interests and choice.

Ether - Make money answering questions for your peers over the phone. You set your rates and call availability.

UpBlogger - Social network site that pays you based on the amount of visits you receive to your uploaded content.

JustAnswer - Help others solve their problems and earn money for your knowledge.

MetaCafe - Upload your videos and earn money based on the number of views you receive.

ChaCha - Get paid to offer support to members of their community.

AssociatedContent - Earn money by uploading your videos, text, audio and images to their site. Earnings are determined by the exposure you receive from your content.

myLot - Pays you for posting, commenting and using their social network.

KnowBrainers - Another site that pays you to get involved with the community and answer questions. Optionally you can answer questions through the RSS feeds on your own blog.

Everything Else That Pays

Google User Research - Google Pays you money to participate in their user research studies online.

Microsoft Research Panel - Get paid from Microsoft for providing feedback on their products.

Amazon Mechanical Turk - Amazon pays you to complete simple tasks that their computers can’t understand. Payments are a matter of cents.

eJury - Earn \$5 to \$10 dollars per verdict rendered as a mock juror for practice trials.

WorkingSOL - This company pays you to handle technical support for many large companies. You can work from home on the computer or by phone and decide what times you are available.

Appingo - Always looking for experienced copy editors and proof readers. Must submit a resume.

IntelliShop - Pays you to shop at stores in your area and write a review of your experience.

Mahalo Greenhouse - They pay \$10 to \$15 dollars per site you submit to their directory.

Focus Pointe Global - Get paid to join their focus groups and voice your opinion. Available to teens and adults.

Agloco - Sign up, download their toolbar and get paid to surf the internet. This site has been criticized as a “pyramid scheme”, although the founders deny the allegation.

Arise - Make money providing phone, web and email support and sales for 40 plus companies in their network.

CraZoo - Earn money for starting new threads and posting in online forums.

Tutor.com - Get paid to tutor people online.

ForumBoosting.com - Make money posting in forums across the internet.

Share-A-Pic - Earn money by uploading and sharing your pictures on their website.

Opuzz Voice - Earn money by doing voice overs for their clients online.

SlashMySearch - Get paid to search the internet with their search engine.

## Thursday, September 4, 2008

### How Much Money Are Professional Bloggers Really Making?

More and more people are trying to earn money blogging these days. That's certainly understandable -- it's a lot of fun, very flexible and inexpensive to get started.

Back in April, I took a look at how much money you can make blogging. Now, some of the top "make money online" bloggers have shared their stats, and Income Diary has ranked the top bloggers by monthly income.

It's great to have this reference so you can kind of see just what it takes and how much potential there is. There are a couple of caveats though:

1. This is by no means a complete list -- it's just those that have chosen to participate and share their earnings. Some top earners like Darren Rowse of Problogger (and others), Maki from Dosh Dosh, Shai Coggins, the Performancing crew, Carl Ocab, et al., are notably absent. There are definitely more people making a full-time living at it than this list would indicate. For a more comprehensive list, ranked based on a combination of other statistics (not income), see the 45n5 Top 100.
2. It's only "make money online" type bloggers. There are plenty of other bloggers who blog about other topics and quietly make money at it. If you look at Technorati's Top 100 Blogs, you have to get to #18 (Dosh Dosh) before you get to any "make money online" bloggers, and all the way down to #43 (ShoeMoney) before you get to one on the Income Diary list.
3. In case you're wondering about the people reporting only a few hundred dollars a month income and wondering how they're living on that, remember that this is only their blogging income we're looking at here -- not other business activities like consulting or a day job.

If you'd like more details about how top earner John Chow makes all that money, he provides more details in his monthly Blog Income Reports.