Joel Comm's KaChing - How to run an online business that pays and pays

Joel Comms KaChingYesterday I grabbed a copy of KaChing! and started reading. Upon finishing it a few hours later (yes, I'm a very fast reader), I'm happy to say that this new book is just as “un-put-downable” as the last one.

As the title says, the book is about how to run an online business that pays and pays and it certainly takes you through some of the main methods that you can use to produce a good ongoing income from a website.

Joel covers everything from AdSense through to membership sites but he does it in a way which I really enjoy, and that is through the use of stories and real-world examples. I can't stand dry, researched books.

As I read through the book, I bookmarked a lot of interesting points but I have chosen just a couple to talk about here. Although they are only a small part of the whole book, they'll give you examples of the useful insights he provides.

When considering what your website should be about he makes the point: "I do know the principle that should underlie the subject of every profitable website: it must be a topic its publisher enjoys and is interested in." This little insight alone has been proven to me over and over when I have tried to produce websites about topics that I have no major interest in. I know this is not true of everybody, especially when you can hire someone to do it for you, but when you're starting out, this is such an important thing.

When you’re looking to find a niche to build a website around, one of the most frustrating things is to find that someone else has already taken your niche. But, "Everyone has a unique set of interests, a unique degree of interest in those topics, a unique collection of information about them, and a unique way of describing them. But the interests themselves aren't unique. If you're the only person in the world interested in your niche, then you're going to struggle to make money online."

Joel is so right! He goes on to talk about how you can be unique yet work within a community of people so that you have traffic and can build an ongoing business.

KaChing! has a whole chapter devoted to earning from affiliate programs. He not only goes through a range of different affiliate merchants and the good and better differences between them but he digs into some stats. One of the most interesting things from my point of view was when he talks about Shawn Collins’ Affiliate Summit and a survey they did of the 450 people attending. They discovered that only 3% of the people chose a merchant to promote on their site based upon its relevance to their web content. In his words, "That might explain why almost half of those affiliate's were earning less than $500 a month." Joel goes further to explain how to choose merchants and products more effectively.

Joel looks at the best way to choose products for your readers, and also how to insert those products effectively into your content. The examples given reinforce the points he makes. There are even example articles that demonstrate how to promote a product to your audience without using straight ad copy. I also enjoyed his section on ad placement and affiliate email marketing which, yes, does include example emails.

Later in the book Joel talks about creating your own product or ebook and the number of pages that you'd want to include. For example he says that fewer than 50 pages will have customers questioning whether your book actually contains enough information to have a meaningful effect on their life. He takes it further when he says that when faced with an ebook of more than 200 pages, people read in a different way. Rather than reading every page, they start to skim and pluck information. While this might not be groundbreaking news to anyone who has published a book before, for many people it will change the way they structure their ebook.

These are just a couple of minor examples that I picked when I was reading through the book. They hit me as the sort of things that you don't often think about and, in many cases, you don't often see written anywhere unless you happen to come across them by a fluke when surfing around online.

I really enjoyed the book, and I would highly recommend it to anyone whether you've been selling online for a long time or you’re a brand newbie. It's not that heavy a read and it certainly isn't “War and Peace” but I can guarantee that you won't go from one cover to the other without learning something new. Or being reminded of something that you had read previously, had thought was important and then promptly forgot about it.

If you're relatively new to online marketing, KaChing! will answer many of your questions and will definitely round out your marketing education. The examples, stories and history make it a relaxing yet educational read and will leave you with a pile of bookmarked pages or a list of things to remember when you next sit down at your computer to continue building your web business.

Do yourself a favor, click here order your copy now.

July 27, 2010

Comments (3)

Said this on July 29, 2010 At 10:41 am
Sounds like a great book. There's heaps of material on making money on the internet, and something that helps it all make sense is definitely the need of the hour.

Thanks Allan for a great review.
Geoff
Said this on August 5, 2010 At 06:19 am
I have lost count the amount of times that I have read that in order to be successful you have to build websites based around your own interests otherwise your lack of passion will be obvious. This model is ok if you just want your involvement in the intenet to be a hobby, however if you want to create a worthwhile business this strategy will leave you lagging behind as most people would not be able to create more than two or three websites based around their hobby. If any publishing business pre-internet days employed this strategy most would never have got past first base. The most successful paper and ink publishers grew to become big businesses by finding niches then employing the people with the knowledge and passion to create the products, a stratgey than can be applied equally well to the web.
Said this on August 30, 2010 At 09:16 am
I would say it depends...

It depends on if you are building small niche sites or major sites.

If you are building a major site, which becomes market leader in the area, you do not have to build more than one site to make a lot of money.

On the other hand if you are building small niche site, you need to build a lot. And they cannot all be based on you interests.

I mainly do the last, and I do not have any trouble writing about stuff that actually do not interest me.
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