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  • #31




    I’m curious how people use the wci.   Basically I only use the forum part.

    I don’t read the blogs.  So actually my experience as a relative newcomer here is that wci posts in bursts intermittently but more so in recent weeks.   Other than providing the forum his actual impact is limited.  His posts are generally extremely inciteful but too short and too few

     

     
    Click to expand...


    It's a real mix. Some people only read the book. Others only the blog. Others only the forum. Others only the podcast. Some use two of those things. I'm just trying to get the message out there in whatever format you prefer.
    Helping those who wear the white coat get a fair shake on Wall Street since 2011

    Comment


    • #32




      Not sure what Rei3 was thinking and agreed no one does it for free but I can give example of undermonetized famous blog: MMM. There are a few others. Reason ? Not sure but I can’t be that MMM is an idiot. I’ll venture a guess: he does more with less in life and that’s his motto; enoughism. Blog follows that philosophy.

      Other blogs is more capitalism and rising advertiser demand (guessing)
      Click to expand...


      It may be undermonetized, but he does make $400K+ a year on it. When you're only spending $25K, that's certainly adequately monetized!

      Ads are a balance. You want to maximize your income without turning off your readership. You guys certainly aren't slow to tell me every time I cross that line!
      Helping those who wear the white coat get a fair shake on Wall Street since 2011

      Comment


      • #33
        If you create a blog with hundreds of thousands of page hits and you're not selling ads, then I really don't understand why you're blogging. To me that's like just giving away your labor. I find the negative comments about Jim's monetization of his work to be ridiculous. I'm jealous I didn't think of the idea and have benefited enormously from the site and his guidance.

        To add to that, over the last 6 years I've been reading this blog and active on the comments, Jim has never failed to respond PERSONALLY to me when I emailed him a question. He sure as ************************ isn't getting paid for that. I would expect that many of you have experienced the same thing.

        I handle the explosion of MD-finance blogs in a simple way by not reading them. WCI system has been working for me so far, I enjoy PoF as well as it does provide and interesting tweak. PIMD's message doesn't speak to me but good on him for creating a successful site.

        Comment


        • #34







          You misinterpreted what I said.

          I didn’t say that he needs to blog for free.

          Take a look: https://tim.blog
          Not a single banner ad on any of his blog posts. And he didn’t monotize his podcast until the 6th episode or so. Here is a blogger with millions of uniques, yet you don’t see a bunch of banner ads (actually none are) on his page. And btw he had his blog long before starting a podcast.

          What I said was, get proof of concept, earn your chops, then add ad revenue tastfully. The WCI and PoF blog never had (and still don’t) an excess or clutter of ads. This guy had a stack of 10 ads longer than the blog post itself. Unprofessional and too “try hard”. Worry about quality first then try to squeeze every cent out. Just my opinion.
          Click to expand…


          Oh…6 episodes. How noble. ???? You’re cracking me up.

          Seriously, every one wants free content. You want your radio free, your TV free, your blogs free, your podcast free. The way that content becomes free is by selling ads. Most of the time you don’t click on ads and most people don’t click on ads. But if 1 out of every 50 or 100 does, and you multiply that by hundreds of thousands, there’s a business there.

          For 5 years you don’t hire anybody that advertises with me. Then you have a friend that needs a disability policy, or a mortgage, or some advice, or a student loan refinance or whatever. So you send them to who you know and trust. That’s all marketing and advertising. There is this idea among docs that marketing and advertising is some sort of dirty business. It isn’t. It is just business- connecting the producer of a product or service with its consumer.

          Seriously though, to anyone who wants to blog for free, knock yourself out. Maybe you’ll be super successful, but I think most of us (and certainly me) have some mix of nobility, altruism and self-interest that we balance in order to live out our lives. When you recognize that and learn to work with it is when you’re most successful. I know many people who practice medicine without needing to, but very few who did it for nothing.
          Click to expand...


          Well said. There is nothing wrong with “doing well by doing good”. In medicine, that is what we generally aspire to do. In business, the same principle should apply.

          Comment


          • #35
            I have read a couple PIMD blog posts. Theyre fine I thought, didnt think much about the ads, as you cant avoid them and I understand the business structure. Be happy people are willing to spend money on them, if the world figures out these ads really dont work that well (outside of very specific finance stuff that seems to work well) than content will get a whole lot tougher to find in general.

            As for this site, I mostly use the forum. Every now and then I check the blog and any interesting topics. Worst part about the blog is the comments and how hard it is to interact, especially when an interesting topic is being discussed. But it seems those guys rarely come over here and discuss the blog topic, so oh well I guess.

            This part is more interesting with such a wide variety of views, models and phases that it helps to check yourself, test new things, etc...

            Comment


            • #36







              I’m curious how people use the wci.   Basically I only use the forum part.

              I don’t read the blogs.  So actually my experience as a relative newcomer here is that wci posts in bursts intermittently but more so in recent weeks.   Other than providing the forum his actual impact is limited.  His posts are generally extremely inciteful but too short and too few

               

               
              Click to expand…


              It’s a real mix. Some people only read the book. Others only the blog. Others only the forum. Others only the podcast. Some use two of those things. I’m just trying to get the message out there in whatever format you prefer.
              Click to expand...


              i know this sounds incredibly stupid, but i didn't know you had a book.  lol

              seems so 80s.  i'm sure i must have read about it, but i glossed over it mentally.

               

               

              Comment


              • #37




                If you create a blog with hundreds of thousands of page hits and you’re not selling ads, then I really don’t understand why you’re blogging. To me that’s like just giving away your labor. I find the negative comments about Jim’s monetization of his work to be ridiculous. I’m jealous I didn’t think of the idea and have benefited enormously from the site and his guidance.

                To add to that, over the last 6 years I’ve been reading this blog and active on the comments, Jim has never failed to respond PERSONALLY to me when I emailed him a question. He sure as ************************ isn’t getting paid for that. I would expect that many of you have experienced the same thing.

                I handle the explosion of MD-finance blogs in a simple way by not reading them. WCI system has been working for me so far, I enjoy PoF as well as it does provide and interesting tweak. PIMD’s message doesn’t speak to me but good on him for creating a successful site.
                Click to expand...


                i disagree slightly.  i don't think blogs are intrinsically exclusively for making money.  there may be many reasons one chooses to blog.  we all give away labor.  i don't have negative comments about the monetization of the work, but i personally would prefer it ad free.  of course i don't actually read his blog.  i just come here for the community.  but i would prefer the forum free of those ads.  they are incredibly distracting on the smartphone.  they hog the whole screen and sometimes you accidentally click it when you mean to scroll.

                 

                Comment


                • #38







                  If you create a blog with hundreds of thousands of page hits and you’re not selling ads, then I really don’t understand why you’re blogging. To me that’s like just giving away your labor. I find the negative comments about Jim’s monetization of his work to be ridiculous. I’m jealous I didn’t think of the idea and have benefited enormously from the site and his guidance.

                  To add to that, over the last 6 years I’ve been reading this blog and active on the comments, Jim has never failed to respond PERSONALLY to me when I emailed him a question. He sure as ************************ isn’t getting paid for that. I would expect that many of you have experienced the same thing.

                  I handle the explosion of MD-finance blogs in a simple way by not reading them. WCI system has been working for me so far, I enjoy PoF as well as it does provide and interesting tweak. PIMD’s message doesn’t speak to me but good on him for creating a successful site.
                  Click to expand…


                  i disagree slightly.  i don’t think blogs are intrinsically exclusively for making money.  there may be many reasons one chooses to blog.  we all give away labor.  i don’t have negative comments about the monetization of the work, but i personally would prefer it ad free.  of course i don’t actually read his blog.  i just come here for the community.  but i would prefer the forum free of those ads.  they are incredibly distracting on the smartphone.  they hog the whole screen and sometimes you accidentally click it when you mean to scroll.

                   
                  Click to expand...


                  I don't think they are intrinsically exclusively for money either, but a financial blog w/ tons of hits I would find it a little weird with no ads.

                  Ads are part of online content, I barely notice them tbh.

                  I don't read on my phone so you may be right about how they affect that experience.

                  Comment


                  • #39










                    I’m curious how people use the wci.   Basically I only use the forum part.

                    I don’t read the blogs.  So actually my experience as a relative newcomer here is that wci posts in bursts intermittently but more so in recent weeks.   Other than providing the forum his actual impact is limited.  His posts are generally extremely inciteful but too short and too few

                     

                     
                    Click to expand…


                    It’s a real mix. Some people only read the book. Others only the blog. Others only the forum. Others only the podcast. Some use two of those things. I’m just trying to get the message out there in whatever format you prefer.
                    Click to expand…


                    i know this sounds incredibly stupid, but i didn’t know you had a book.  lol

                    seems so 80s.  i’m sure i must have read about it, but i glossed over it mentally.

                     

                     
                    Click to expand...


                    See? And lots of people don't know there's a Youtube channel. Even people who like watching Youtube videos. So I actually have to do marketing to let them know. Crazy right?
                    Helping those who wear the white coat get a fair shake on Wall Street since 2011

                    Comment


                    • #40







                      If you create a blog with hundreds of thousands of page hits and you’re not selling ads, then I really don’t understand why you’re blogging. To me that’s like just giving away your labor. I find the negative comments about Jim’s monetization of his work to be ridiculous. I’m jealous I didn’t think of the idea and have benefited enormously from the site and his guidance.

                      To add to that, over the last 6 years I’ve been reading this blog and active on the comments, Jim has never failed to respond PERSONALLY to me when I emailed him a question. He sure as ************************ isn’t getting paid for that. I would expect that many of you have experienced the same thing.

                      I handle the explosion of MD-finance blogs in a simple way by not reading them. WCI system has been working for me so far, I enjoy PoF as well as it does provide and interesting tweak. PIMD’s message doesn’t speak to me but good on him for creating a successful site.
                      Click to expand…


                      i disagree slightly.  i don’t think blogs are intrinsically exclusively for making money.  there may be many reasons one chooses to blog.  we all give away labor.  i don’t have negative comments about the monetization of the work, but i personally would prefer it ad free.  of course i don’t actually read his blog.  i just come here for the community.  but i would prefer the forum free of those ads.  they are incredibly distracting on the smartphone.  they hog the whole screen and sometimes you accidentally click it when you mean to scroll.

                       
                      Click to expand...


                      Yea, mobile is tricky. Thanks for the feedback. I'm paying more and more attention to mobile these days and we've got some upgrades/updates planned.

                      Would you prefer to pay a monthly subscription fee for the forum or scroll past ads?
                      Helping those who wear the white coat get a fair shake on Wall Street since 2011

                      Comment


                      • #41
                        This thread was supposed to be a welcome post for PIMD, somehow became criticize PIMD as well.  I guess that's part of the internet exposure.  I still applaud everyone who blogs. I do not think it is as easy as it looks.  IT takes consistency, time commitment- All the replying and networking and trying to give the proper answer to be relevant and recognizable.  I do not have time to read all the blogs- more so, to write all that content.

                        yes, I find this forum interesting.

                         


                        but a financial blog w/ tons of hits I would find it a little weird with no ads
                        Click to expand...


                        investment manager that I follow ericcinnamond does not have any ads on his site.  I wonder if it is prohibited if you are in the financial industry.

                        Comment


                        • #42




                          This thread was supposed to be a welcome post for PIMD, somehow became criticize PIMD as well.  I guess that’s part of the internet exposure.  I still applaud everyone who blogs. I do not think it is as easy as it looks.  IT takes consistency, time commitment- All the replying and networking and trying to give the proper answer to be relevant and recognizable.  I do not have time to read all the blogs- more so, to write all that content.

                          yes, I find this forum interesting.

                           


                          but a financial blog w/ tons of hits I would find it a little weird with no ads 
                          Click to expand…


                          investment manager that I follow ericcinnamond does not have any ads on his site.  I wonder if it is prohibited if you are in the financial industry.
                          Click to expand...


                          In his case, his blog no doubt functions as his storefront or his “ad”.

                          Comment


                          • #43




                            This thread was supposed to be a welcome post for PIMD, somehow became criticize PIMD as well.  I guess that’s part of the internet exposure.  I still applaud everyone who blogs. I do not think it is as easy as it looks.  IT takes consistency, time commitment- All the replying and networking and trying to give the proper answer to be relevant and recognizable.  I do not have time to read all the blogs- more so, to write all that content.

                            yes, I find this forum interesting.

                             


                            but a financial blog w/ tons of hits I would find it a little weird with no ads 
                            Click to expand…


                            investment manager that I follow ericcinnamond does not have any ads on his site.  I wonder if it is prohibited if you are in the financial industry.
                            Click to expand...


                            Yes, he is blogging on investing without any apparent compensation (he's not in the financial industry anymore I don't think). We'll see how long he keeps it up. Good for him.
                            Helping those who wear the white coat get a fair shake on Wall Street since 2011

                            Comment


                            • #44










                              If you create a blog with hundreds of thousands of page hits and you’re not selling ads, then I really don’t understand why you’re blogging. To me that’s like just giving away your labor. I find the negative comments about Jim’s monetization of his work to be ridiculous. I’m jealous I didn’t think of the idea and have benefited enormously from the site and his guidance.

                              To add to that, over the last 6 years I’ve been reading this blog and active on the comments, Jim has never failed to respond PERSONALLY to me when I emailed him a question. He sure as ************************ isn’t getting paid for that. I would expect that many of you have experienced the same thing.

                              I handle the explosion of MD-finance blogs in a simple way by not reading them. WCI system has been working for me so far, I enjoy PoF as well as it does provide and interesting tweak. PIMD’s message doesn’t speak to me but good on him for creating a successful site.
                              Click to expand…


                              i disagree slightly.  i don’t think blogs are intrinsically exclusively for making money.  there may be many reasons one chooses to blog.  we all give away labor.  i don’t have negative comments about the monetization of the work, but i personally would prefer it ad free.  of course i don’t actually read his blog.  i just come here for the community.  but i would prefer the forum free of those ads.  they are incredibly distracting on the smartphone.  they hog the whole screen and sometimes you accidentally click it when you mean to scroll.

                               
                              Click to expand…


                              Yea, mobile is tricky. Thanks for the feedback. I’m paying more and more attention to mobile these days and we’ve got some upgrades/updates planned.

                              Would you prefer to pay a monthly subscription fee for the forum or scroll past ads?
                              Click to expand...


                              i am only responding publicly because i think you are seeking data points.

                              i was 90% out the door because of the political posts before they stopped.

                              if i was paying, i would expect a greater amount of moderation.  i suppose it depends on how much you were asking.  frankly, i prefer pay forums because it ensures that the people who are here are vested in being here and try to contribute.  i hate the ads.  however, i've also seen many sites die because of the conversion to pay and how it limits new membership.

                              ymmv

                              jmo

                               

                              Comment


                              • #45
                                Wait so just to make it mobile friendly you'd charge us/users ?

                                I highly doubt there is more than 1K-2K upkeep to run this forum.

                                The question wasn't directed at me but I hope it remains free despite the updates.

                                Comment

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