Khoa Bui - The Online Entrepreneur

One of the most powerful ways in which you can generate a good revenue stream online is through Blog Advertising. If your blog becomes very successful by having thousands of new website visitors going to your blog every single day, then you’re in a great position to monetize that traffic. One way is through Blog Advertising.


So what are the different Blog Advertising methods? There is many, however the most popular blog advertising revenue streams today is using Google Adsense, Affiliate Products and Banners. When you recieve a large amount of traffic, a certain percentage of those people will click on your advertising areas on your website. Everytime when someone new clicks on your ads, you get paid a certain commission, it could be between 10c per click or 30c per click.


I know that may not conjure up images of you retiring in a far away island off the coast of Porto Fino but if you were to work out the maths, advertising using your blog is a very powerful path to financial freedom. Let’s say your website gets 5000 visitors per day. Out of those 5000 visitors, 5% of those people click on your ads. Therefore, you get paid (5% of 5000 = 250 x 30c) = $75 per day.


If you’re in business, you know that cashflow is king. $75 per day is complete passive income, meaning you don’t work for it, it doesn’t matter whether your in the mood to work or not, it doesn’t matter if you’re sleeping, you’re partying, you’re travelling, you’re sick or you’re at home watching tv, you’re going to get paid regardless! By having that incredible freedom to do whatever you want and still get paid covering all you’re expenses including the mortgage, bills etc, you are in fact Financially Free.


Blog Advertising helps you put your financial freedom goals into full swing.


If you would like to know more about getting free website traffic to your blog and also how to generate more traffic to your site, download my free eBook and Audio CD here on my blog (www.khoabui.com.au).

Today was an interesting day.


It’s Saturday and it’s one week to go before I pack my bags and start my Around the World holiday. Lately I’ve been so busy finishing off client work that I honestly haven’t had much time planning what I was going to pack and prepare.


Anyway, today I had some free time so I wrote down on a scrap piece of paper what I definately needed to buy.

1. New Back Pack that’s light, easy to carry and durable. (My last trip to China, I bought a huge back pack but the “metal” plate that held the pack together snapped)
2. New Digital Camera. (I’m Asian…)

I then headed off to the city and began my shopping for the back pack and digital camera.


First stop was Mountain Designs which is a place where they sell various camping, hiking and travelling gear. There was great backpack that caught my attention. After trying it out a few times, checking the straps, material etc and speaking with the friendly assistant, I decided to purchase the back pack (there’re great at sales arn’t they?)


As he started to process the goods, I started to think about whether I should ask for a discount. Of course usually when I do this, many thoughts occur - “Are you a cheap skate?, He won’t accept it, it’s a big business, he might get offended, it’s rude, just pay it” Anyway, being stubborn as I am and always challenging negative thoughts, I said to the man “So, it’s $220 right? Let’s make it $200″ I paused and waited. The man smiled and said “sure!”. I handed over the money and off I went with my new back pack saving myself $20.


As I was shopping around for a new digital camera, I found one for sale at a popular store for $380. It was the Cannon IXUS 85I5 10 megapixel. I thought that was pretty reasonable and decided I was going to purchase it. Anyway, before I did that, I decided to quickly pop by the store next door to see if they had any better deals (who knows) and they did. They were selling the same camera for $350. So I saved another $30 by walking a few meters.


I spoke to the assistant about puchasing the camera. After trying it out and speaking with the assistant I once again tried negotiating the price using the same line I did at that other store. “So, it’s $350 right? Let’s make it $300 buddy” The guy said “no worries, come over to the counter and I’ll get you to sign a document that gives you a further 10% discount when you are at the airport” Not only I just saved another $50, I also gained another 10% of the total price to claim when I arrive at the airport which was a bonus!


Today I realised that by asking a simple line and having the attitude of “you’re going to buy the damn thing anyway so why not give it a shot” I managed to save over $130 dollars which all it took was a few seconds to voice my offer, if I never did, I would be lower in cash.


So you might be thinking, “whats the big deal anyway, it’s only $130″ yes it’s true. However it’s not the amount that you should focus on, it’s the techinque and deal you can apply it to. For example, the start of this year, I successfully purchased a house and used the same negotiating techniques to form a deal on my house. I managed to save over $32,000 by simply asking for a better offer and negotiating a win/win situation.


So if you thinking of purchasing that nice dress you always wanted, why don’t you try asking them a better deal. The only thing that is holding you back is your mind. Getting a better deal by simply voicing a few words can make the difference by either not having enough cash to pay some bills and struggling or having a champagne with friends while wearing your favourite dress that you bought on sale and knocked off a further 30%.


Try it.