I highly recommend this book, Get Rich Click, The Ultimate Guide to Making Money on the Internet by Marc Ostrofsky to every businessperson and entrepreneur.
There are gobs of great books available on Internet marketing and I’ve read many. But this one is worth adding to your library of valuable references and tools. Not only is the author, Marc Ostrofsky a real-life success story (he had made millions with the Internet) which for me gives the book extra credibility, it’s also organized in a way that makes it easy to understand, access the learning gems and apply to your business.
The book covers just about every aspect of the Internet and how anyone can profit from it. Some of the more interesting sections for me were on URLs, keywords, and new vendors to help get things done. In addition to the book content, Marc does a nice job of making updates available on his website via his blog.
This book took me a bit to get through, not because it’s long, but I found myself stopping to try things and look up examples that he cites that made the content not only hit my brain, but really stick to it and become my new walking knowledge that I’m now using with my businesses.
Just a couple of my top take-a-ways:
1) Having a key word in your URL is golden.
My brand name and URL are proof of this. Many of you know I earned the #1 spot on Google last year for the term “Branding Speaker”. I’m now convinced that in addition to my voluminous writing, the noun in my name www.brandingdiva.com has paid off too.
2) Buying smart URLs can add to your wealth just like buying a prime piece of real estate.
They can be low cost, high return investments. Since reading Get Rich Click I’ve purchased over 50 new URLs that I’m going to start monetizing with parking pages and landing pages.
If you need one comprehensive book that helps you understand and profit from the Internet this one should be considered. It gets a thumbs-up from me.
I’m looking forward to his next book too that will be called Word of Mouse.
Raising money, being a profitable venture from the get go and finding a golden opportunity is no easy drill for any entrepreneur.
Ben Huh, a former journalist, says it can be done and he just did it.
His holding company Pet Holdings, which run a slew of comedy-heavy, user-generated stuff, sites that the curate topics are based on user votes and interest in the content. Some of their wacky properties are: I Can Has Cheezburger, also known as LOL Cats, FAIL Blog, which shows user-submitted photos of all manner of things and people that are, well, failing at something and Memebase, that tracks Internet memes. Check all of them out. They are amazingly entertaining.
Under Ben’s leadership the company just raised a $30 million round of Series A financing for expansion. The funding round was sponsored by Foundry Group’s Brad Feld. The two met about one and a half years ago and developed a strong relationship. Feld said, “It’s a combination of a great team, a great leader and an ability to create something that can become a very large media property”. See full story from VentureWire.
In 2007 Ben bought the main Cheezburger site, also known as LOLcats, from two entrepreneurs in Hawaii and built it into an online collection of the funnest pictures of animals with the site’s signature misspelled captions plastered over them.
The company has grown to become the largest humor network in the world with growth to 16 million monthly unique visitors and 375 million monthly page views.
Holy feline!! With traffic like that, it’s no surprise that they earn lots of income from ad revenues and merchandise.
Congrats Ben! and all the cats and folks that helped him build his empire. And thanks for the inspiration.
Is there more room in this market space of completely goofy, user-generated content, weird named ventures? What niches have not been tapped yet and can they dance more than one song?
Top photo credit from I Can Has Cheezburger, author unknown.
Also, check out: 5 tips to manage the painful side effects of progress and change.
Be a voice and attend the Long Tail Alliance Washington Fly-In.
Last year, I learned about an important industry group that is working hard to protect our rights as small business, online publishers. If you sell ads on your site, you need to know about them too.
They are the Interactive Advertising Bureau. As a leading advocate for all businesses who sell online ads, on June 14th and 15th they are hosting 2010 Long Tail Alliance Washington Fly-In specifically for smaller companies. The purpose for this gathering is to help online entrepreneurs like yourself and Oddpodz.
As many of you are aware, political campaigns have been launched at the federal and state levels to seek government regulation of many of the core processes and technologies that support interactive advertising.
Just in the past two weeks Rep. Rick Boucher (D – VA) released a discussion draft of his privacy legislation. It is a confusing document that contradicts what the FTC has been proposing for three years and what the IAB and other members of the self-regulatory coalition have been working towards. The proposed legislation presents a fundamental challenge to our industry’s business models – publishers using ad networks would not be able to sell advertising as they do now.
The Interactive Advertising Bureau feels it’s vital that Washington understands that ad-supported publishers exist everywhere in the U.S. Our politicians need to understand the deep economic value and impact of interactive advertising.
By joining the event, you will have the opportunity to:
- Meet with members of the U.S. Congress and their staffs to tell the story of your small business and to remind them that adverse regulation is in no one’s best interests
- Learn strategies and best practices for growing your business through workshops designed specifically for the small publisher.
- Be guests of honor at a special networking reception and dinner at the Google offices in Washington, D.C.
- Share your personal experiences on how interactive advertising has impacted your life and sustained your business.
More information plus photos and highlights from last year’s Fly-In can be found at www.iab.net/flyin.
There is no charge to attend this event. However, you must pay for your own travel and lodging. As a thank-you, the Interactive Advertising Bureau (www.iab.net) is giving participants a one-year complimentary membership to the Long Tail Alliance (a $250 value).
If you would like to be part of this special event, visit www.iab.net/flyin to register and book your hotel. The IAB has reserved a block of discounted rooms specifically for Fly-In attendees. Or if you want more information, please contact Chris Glushko of the IAB at firstname.lastname@example.org or 212-380-4722.
If you can’t make the Fly-In, do go to their site (www.iab.net) and check out their resources and other programs. This organization is on our side, get involved.