14 responses

  1. MillionDollarJourney
    June 29, 2007

    Great post Mike, and thanks for the mention. There was no magic involved with my blog, just write decent content and be involved with the community.

    I think that with your writing skill, your blog can become big also!

    I agree with your assessment with profit sharing etc, it could get a bit complicated. I think the biggest benefit of a multiple writer blog would be for that writer to receive exposure to their personal blog. That’s why I offer guest posters on my blog, it provides free exposure for them and quality content for me. Win-Win!

    FT

    Reply

  2. Canadian Capitalist
    June 29, 2007

    Interesting idea about paying for a post. I didn’t think I could get anyone to write for $10/post. I suppose it is worth trying.

    Reply

  3. FourPillars
    June 29, 2007

    MDJ – you definitely have decent content. Thanks for the compliment!
    The guest post idea is a good one. I had seriously considered just doing guest posts before I committed to my own blog.

    CC – I’m not suggesting you try to create the next hockeybuzz but it is theoretically possible. $10/post isn’t a lot but for someone who posts say three times a week – that would be $130/month. I’m guessing that MDJ doesn’t pay anything for his guest posts.

    What about your boys? Can they write yet? šŸ™‚

    I forgot to mention in the post but newspapers pay different amounts to different writers which could also apply to a blog. Also, I believe you can tell how many views each post gets so maybe the compensation could be based on that?

    Mike

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  4. MillionDollarJourney
    June 29, 2007

    Yea, it simply wouldn’t work if I paid the guest posters, the blog would go under in no time! The biggest thing I can leverage is MDJ’s traffic and page rank, which to most bloggers is worth more than a few dollars.

    Just like CC, with the huge traffic (relative to other Canadian blogs), and high page rank, he should have no problem finding guest posters. I would volunteer for one. šŸ™‚

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  5. FourPillars
    June 29, 2007

    There’s a definite possibility that there just isn’t any significant money to be made in the Cdn PF world. I think what one might need to do is stop with all the low cost, save money content and instead push expensive retail products. Encourage your readers to buy mutual funds with the highest MERs they can find, pay the posted rate on their mortage, insure themselves for ten million etc etc. This way you could get some good revenue from the financial industry – they have huge bucks to spend.

    Mike

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  6. Canadian Capitalist
    June 29, 2007

    MDJ: Are you serious? I’d love to have a guest post from you.

    Mike: I’ll explore this idea a bit further. I guess it is worth experimenting.

    Reply

  7. Canadian Capitalist
    June 29, 2007

    Mike: I sincerely hope bloggers would maintain strict independence from the financial industry. But realistically, the blogging world will end up looking like mainstream media. Many will write about the hottest funds and star managers and a few holdouts (I hope to be one) will constantly remind people of the basics.

    The model I try to emulate is Canadian Money Saver. Quality content delivered with integrity and not tainted by money. It will never be a big business but that’s okay. I didn’t get into this game hoping to make big money (I’d have given up long ago!) and I like it that way.

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  8. FourPillars
    June 29, 2007

    Sounds good.

    I should clarify that my comment #5 was not a serious one. I forgot the smiley… šŸ™

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  9. Canadian Dream
    June 29, 2007

    I must admit I like CC’s idea. It might be a better model that a superblog setup.

    Well CC if you ever need a guest post send me an email. I would love to write one.

    Mike – Thanks for the link and keep up the great work. I really enjoy your blog.

    CD

    Reply

  10. FourPillars
    June 29, 2007

    Thanks CD. It’s great to hear that you like the blog.

    Mike

    Reply

  11. FourPillars
    July 3, 2007

    I’m sure there has to be ways to monitor the traffic to figure out all the items you mentioned.

    Yah – the multi-column idea is good although space would be a problem assuming each blogger gets one column. I like the hockeybuzz idea although that won’t work if you have several bloggers sharing the site. Maybe the hockeybuzz format could be changed so that the ‘main bloggers’ or owners could have their posts show up in one column (newest at the top) and then a second column could be guest/other bloggers or whatever.

    I’m still trying to figure out how to get a Canadian flag into my header so I’ve got a long way to go before I can consider expansion!

    Mike

    Reply

  12. Growth in Value
    July 9, 2007

    I don?t believe the Canadian personal finance world is big enough to support a blog like hockeybuzz.com

    The last thing this personal finance world needs is to model itself on the “Eklund” model. The man’s been exposed as a fraud and has been wrong far far more than he’s guessed right. The beuaty of the pfblogosphere is the sincerity and genuine content. Nobody’s pretending to be someone they’re not, and whenever the odd site comes up that’s blatantly more interested in ads and revenue than providing quality content, they lose their credibility and, I hope, their readability.

    Reply

  13. FourPillars
    July 9, 2007

    GIV – I’ll agree Eklund is full of sh**, it was more the specific layout of his site that I was referring to.

    Mike

    Reply

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