Well, I had the opportunity to launch a new blog this week along with several fellow personal finance bloggers and other contributors. It is a collaborative effort where I hope to be able to publish daily content in the personal finance niche. We have a wide range of individuals who have been submitting articles for publication. We have all age ranges and many occupations represented. We have professional writers and retirees. It is quite a diverse group so I am sure that you will find something of interest no matter where you might be in life’s journey.
Be sure to stop by Penny Thots and give it a look. Feel free to comment and subscribe as well. I would love to hear what you think about the new site. Also, any suggestions are greatly appreciated.
Goals for Penny Thots
- My first goal is to not lose money. I am paying the contributors based upon views and will be relying on AdSense revenue until such time as I might be able to get a few private advertisers. But I can only make any advertising “no follow” since I don’t want to risk any Page Rank on the new site. I think I should be able to break even with the revenue and the costs, but I really won’t know for sure until I get some time under my belt.
- Second, I would like to get 2,000 total visits for each of the first two months. That would exceed the traffic for my other two blogs during the earliest days and provided there is some growth in the third month, could surpass Cash Flow Mantra’s traffic. It would seem logical that having multiple contributors with other blogs and daily content would make this feasible. Again, time will tell.
- Finally, I would like to keep the contributors involved through at least the end of 2012. I have no doubt that circumstances will change and some might have to stop writing. However, now that we plan on publishing daily content, I want to be able to keep up that pace. This may end up being the most difficult of the three goals. Again, I don’t know since I have never taken on such a project before.
I can tell you that the amount of work that has been involved has been more than I anticipated. It may be just a matter of getting all of the systems in place and that it will get easier as time goes by. I still have many articles to review and edit and the logo to design. I have it in my head but just haven’t had a block of time to get that done.
I did manage to get all the functional aspects of the site done in time and will improve it as I am able. The next most important part is the content, and like I said, I still have several articles to review and soon the posts for May will have to be edited as well. My goal needs to be getting 2 or 3 reviewed per day for the next several days. Then I want to get them scheduled into Word Press. This week I have just been doing that each morning since I am off. But I do want to get a nice queue formed.
Carnivals and My Blogs
These are the latest carnivals in which I was involved. Melissa took vacation this past week so there is nothing recent, but since I get behind on posting the links, it is giving me an opportunity to catch up:
Well, I hope everyone had a Merry Christmas yesterday and were able to celebrate with family and friends. We had a good day with family at home enjoying a nice dinner with ham and playing games.
On to the Challenge!
As you can see from the title, I am joining the 30K Challenge as developed by Corey and Derek at Online Money Bloggers. In case you haven’t heard what it is, Corey and Derek are challenging themselves and other bloggers to either make $30,000 from blogging next year or increase their income by an additional $30,000 if the blogger already makes that much. It is going to a great challenge and something that will really require a lot of work and focus.
Initially, I thought it might be impossible for me to make it to $30,000 in one year, but I created a spreadsheet as part of my initial 30K post for their site and think it might actually be doable now. I won’t be sharing the details about it since the post will be seen at their site in coming days or weeks, but at least there is some hope.
There are lots of other great personal financial bloggers participating in the challenge so I am sure that everyone will be helping each other which will make it easier to achieve our goals together. One of the things that I am learning more and more as I age is the importance of networking. It can be very difficult to accomplish goals on our own, but they often become achievable when you have a strong support system. So I am really looking forward to the opportunity to work with these great individuals and get to know them better at the same time.
Be sure to head over to the site and see everyone who is participating. It is really a top notch crew!
This past week I was featured in several carnivals so I want to share those with you as well.
Canadian Finance Carnival #67
As always, I want to thank Melissa from Mom’s Plans for doing carnival submissions for me. It is a tedious task that I have no interest in doing. I have to believe that it is helping with my traffic, but of course this past week has been a little slower with the holidays I am sure.
Odds and Ends
I have a few other items that I would like to mention. I will be having a contest to celebrate the 100th post here on Cash Flow Mantra. This will be post number 93 so in the next few weeks, the contest will happen. I still have details to work out so I will keep you informed.
Also, I just couldn’t help myself and had to write an extra post for my new blog at Grand Per Month. Be sure to check it out and get ready for the launch on January 2nd. I am trying to work with getting the subscription by email working and am having some difficulty. I am not a coder and am amazed at some of the things I have been able to accomplish, but this is giving me fits.
Thanks for reading and be sure to follow me on Twitter @cashflowmantra!