Richard
Richard C. Wilson
Hedge Fund Consulting Blog
http://richard-wilson.blogspot.com

I’m a new reader to your blog and I just read all 4 installments of this series…..just excellent. I love your writing style (very easy to digest) but also these are new ideas that I hadn’t thought of or read about until now. I have been in the thought system that if I wanted to support myself in blogging that I needed to create more blogs, all of them written by me.

Thanks, I also signed up for your Blog Mastermind course last night, which is how I ended up reading this series. BTW, I first heard of you from Wendy at eMomsathome.com…..you come highly recommended by her.

Great series, truly enjoyed the information and thought process. A few added thoughts, especially on this last post.

One, with regard to the comparison to bloggers inevitably struggling with the same challenges that have shut down so many printed publications, there are some major differences that throw the analogy off a bit.

In fact, traditional publishers face two major challenges that are at the heart of much of that world’s failures that bloggers don’t, which makes the likelihood of of success that much more possible in the blogosphere, given the will to endure ramp-up.

On the cost-structure-side, traditional publishing takes a huge risk in committing resources to print runs based on a “best guess” of demand and, often times, that guess is way off, leading to large inefficiencies and, often, expense structures that don’t scale well and exhibit massive amounts of waste. Bloggers don’t have the same issue.

Also, traditional publishing not only relies upon revenue from advertisers/sponsors/partners, but from the readers, too. This serves as a strong limiting factor in not only growth of the direct readership, but growth through organic-referrals.
Because blog-readers do not have to pay for the access to the content and can freely pass that content on to friends without asking those friends to endure any costs, these economic and social barriers to growth are eliminated.

So, while the world of blogging has its own built in challenges, some of the major factors that have led to hard times in the traditional publishing realm don’t serve as analogous limiting factors in blogosphere.

Final thought, too, on the importance of refocusing on leading with meaning. A recent study of 3,000 pentamillionaires ($5 million), showed that the vast majority of those people made their huge jumps in wealth AFTER they stopped chasing money and reallocated their energies to the creation or solution of something deeply meaningful, something capable of fueling the type of efforts needed to push through to success on a massive scale.

Does that mean we shouldn’t strive to be wealthy? Not at all. But wealth should come as the by product of effort driven by genuine, content-based passion and applied within a field where the massive opportunity lies in waiting.