The Oatmeal (online cartoon) earns ~$1000/day
economist.com
economist.com
I've worked with Matthew in the past and he's a good guy who conducts himself professionally. He's also worked his ass off to get where he is and the economist article is a huge coup for his career. You turkeys should be congratulating him.
http://www.nytimes.com/2008/05/26/business/media/26link.html
“People are generally surprised that we make a living from it,” Mr. Munroe said. Without being specific, he said that the sales of xkcd merchandise support the two of them “reasonably well.” He said they sell thousands of T-shirts a month, either of panels from his strip or in their style, as well as posters.
http://query.nytimes.com/gst/fullpage.html?res=9B0DE0DF1738F...
(sorry for the long link)
Reads like many of the "publishing will die" stories circulating today. States back then that merchandising accounted for 50% of revenue.
If you can make something novel, ala AirBNB's Obama O's cereal it seems like an easier path to ramen than AdWords.
Merchandising seems questionable, though. Consider: You have a business, and you're going to sell merchandise to promote your business. Now you have two businesses.
This strategy probably doesn't make sense for a funded startup, however.
1,000 leads x 5% conversion rate x $20 per conversion = $1000/day. 1,000 leads a day can be obtained relatively easily. 5% conversion rate is extremely conservative (for the offers/programs I run, anyways).
I stopped working at venture-backed internet startups this year because I figured out how to make far more money on the internet (mostly) passively. Now I can work on my own "startup" projects and other endeavours (e.g., learning Haskell).
Basic overview:
http://en.wikipedia.org/wiki/Affiliate_marketing
http://en.wikipedia.org/wiki/Website_monetization
Where I generally find products to promote (they usually come with banners, pre-made landing pages, etc.): http://www.clickbank.com/marketplace.htm
Recommended forums: http://blackhatworld.com
http://www.warriorforum.com
http://forums.digitalpoint.com
99.99% of the stuff people are trying to sell on those forums is crap, but there's lots of general information there that's very good. BHW's "Making Money" section has a tonne of stickied topics under each subsection with good info.The advantage of having web dev/sysadmin skills is that you can take a method people are running manually (and probably even example code that's floating around) and scale it easily to 100x what they're doing. You don't have to innovate, you just have to automate and scale.
Be careful if you use shady methods. If the product owner realises what you're doing, they'll kill your account and refuse to pay the middleman who will refuse to pay you. :)
If you meet/befriend other people in IM and establish that you're not a noob, doors will be opened to better offers/products and better terms for payment e.g., being paid three days after the end of the week ("net 3") instead of seven days ("net 7").
You can get $75 USD free credit when you register on Adwords (http://adwords.google.com). After a few days, you'll be able to decrease your bids on keywords to $0.01, so $75 = 7,500 people clicking through to your landing page/offer. Unless your conversion rate is atrocious, you'll make back far more than $75. This isn't a bad place to start experimenting. SEO works, too, but it's more of a "long haul" thing. PPC advertising gets you traffic right now, but you have to be careful that it doesn't annihilate your profit margins.
If you can think outside the box, you can do really well.
Making the first $10/day is extremely hard. Once you hit $10/day, getting to $100/day is pretty easy. Then $1000/day... :)
The Oatmeal may get most of their money via Reddit, but I don't think Reddit has a beef with them.
And: http://www.reddit.com/r/bestof/comments/dril6/the_oatmeal_ak...
Basically someone working SEO used GiantBatFart (The Oatmeal's Reddit username) as an example of people using SEO on Reddit and Digg. Long story short, The Oatmeal got mad.
He's been on Reddit for over 3 years: http://www.reddit.com/user/GiantBatFart
His IAMA was 11 months ago: http://www.reddit.com/r/iama/comments/aws4z
Reddit revolts (2 months ago): http://www.reddit.com/r/comics/comments/dreg7/how_to_pander_...
The Oatmeal redirects Reddit traffic: http://www.reddit.com/r/comics/comments/eb3pg/every_oatmeal_...
The Oatmeal comics work again on Reddit. Tubemonster (author of Hyperbole and a Half) defends him: http://www.reddit.com/r/comics/comments/eow1i/how_different_...
There you go. More than you ever wanted to know about one of Reddit's many soap operas.
While I find 'The Oatmeal' to be somewhat boring and trite, I don't begrudge those who like it their enjoyment, nor do I begrudge the author his income.
I think this is an exercise in awareness, which would be of particular value to the HN crowd. Apple's products are often castigated because their construction/composition/stats go against the preferences of a part of the highly tech-savvy crowd. However, this criticism doesn't take into account the intended audience. There is something similar at work with Ruby and Ruby on Rails. Certain purists might find the language impure and the Rails DSL too focused on a particular way of doing things, but there is a large audience that really likes and benefits from using that software.
While I find 'The Oatmeal' to be somewhat boring and trite, I don't begrudge those who like it their enjoyment, nor do I begrudge the author his income.
Well said! (Better than I did.) I don't begrudge either of those. I also hope no one in this society [1] begrudges my right to express my opinion.
[1] - Deliberately ambiguous, as it's widely applicable.
<< nor do I begrudge the author his income
I don't think any of us begrudge the author his income. I imagine many people are looking at that and thinking what I am which is "why couldn't I do at least as well".This is much unlike reading xkcd, where I know quite well that I couldn't do as well.
The focus of the HN crowd is going to be on how he obtained his high level of (financial!) success. To me, it's yet another lesson that mediocrity and lack of talent are no barriers to success. Other factors such as persistence, marketing savvy, funding, connections and lack of any shame about self promotion (this guy practically spammed the hell out of Reddit and Digg 2008-2009) can take you very far.
Metacommentary is annoying, but here goes. His comment was downvoted because it was demeaning without furthering the discussion much. I considered downvoting your comment because it insultingly misstates the reason for members' downvotes when the actual reason is pretty obvious; I actually voted up your comment (since it was down to -1) in spite of that and its defeatist tone because it still made an interesting point.
The lesson I've received, after sparking all this discussion, getting voted down, then back up again, is that it pays off in the end to be open and genuine.
If you do not like something, why bother wasting your time commenting on it. Sure, if it is something that affects you, like your government or road rules, go ahead. If it is something you can ignore, then YOU are being the fool.
One way to make a lot of money is to sell a lot of a product.
Most people are of "pedestrian" (average) intelligence; ergo, to sell a lot of product you must appeal to those of average intelligence.
As any industry grows you see this "regression towards the mean" - one only has to cock one's ear slightly to the side to hear the lamentation of readers, gamers and movie-buffs about how "everything has gone to the dogs".
I'm sure Oatmeal is his "pet project", the one he loves doing - but the SEO part is the one that pays the bills. It seems, of course, that he could monetize Oatmeal a little better without coming off as a blowhard, but I'm not close enough to the situation to say.
There's no SEO business that he says he's currently involved with, and I have no reason to doubt that based on his posting schedule and the scope of The Oatmeal's operations.
We talked quite a bit about how traffic is generated, but there wasn't room in the article to discuss. Case in point was a cat comic he had posted the day we spoke that had received 40,000 page views an hour just before we met. He'd posted the comic, and it was already zooming around via his Twitter and Facebook feeds, and someone I believe had already linked it on either Reddit or Digg.
According to that site they get around 27m page views per month.