Announcement

Collapse
No announcement yet.

Passive Income M.D. Joins the WCI Network

Collapse
This topic is closed.
X
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • #46




    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...


    I think it speaks to the weight of WCI endorsement, and how much the members value WCI opinion.

    I hope in the future, they encourage participation in the forum before offering 'membership' or whatever this network is.  (as stated separately, i don't read passive income blog or wci blog).

    if they add value to the forum, they are fully participating and adding to the collective experience.  then the addition would not be questioned.  apparently s/he's going to moderate here, without even posting first if i recall the introductory email correctly.  i guess it makes sense as an owner or franchisee or whatever to call it.

    Comment


    • #47
      I like it free.  The only ads that bother me are pop ups. I hardly notice them.  I agree with q school about the political posts.  If they had continued I would be gone. Every once in a while an individual poster is obnoxious but they don’t seem to last long.

      Comment


      • #48




        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.
        Click to expand...


        i don't think the charge was specifically to make it mobile friendly.  i think the question was if there was a group desire to go ad free whether they would be willing to pay a subscription.  there are probably in between ways to increase mobile friendliness without the subscription.

         

         

        Comment


        • #49
          Does it matter though ? So the charge is for what exactly ? User generated forum renting WCI space ? Ok.

          Comment


          • #50













            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

             
            Click to expand...


            Genuinely asking not trying to be nasty or sarcastic, tone doesn't work on the internet.

            What more moderation would you want on this forum? Ads masquerading as posts are pretty minimal and often from fairly regular posters. You obviously didn't like the political stuff which as near as I can see has ceased entirely after a fairly reasonable and cordial discussion about who enjoyed it and who didn't and as you note above, your side won.

            I would challenge anyone to find another free internet community that dialed back from serious political disagreements to resumption of normal topical content based on fairly calm discussion between members within a few weeks and with a very light hand by the mods. I would say we are currently winning the internet.

            Comment


            • #51
              I would have to imagine paying for the forum was not serious.  That won't work for the obvious reason that no new people would join.  It only has value right now for the people currently posting and reading it.

              I agree with q-school that some forum participation or perhaps more guest posts might be a good way to "interview" for joining the WCI network, but of course I don't really care that much.  If the content is good and relevant to me, I will look at blogs in the network.  If it isn't, I won't.

              Regarding complaints about PIMD's lack of specific actionable content or endorsement of MLMs, I think it is reasonable to have bloggers in the network with diverse views.  It would serve little purpose if all blogs in the network were publishing the exact same content.   I am guessing some people think MLMs occupy the same ring of ************************ as whole life, so question why WCI would be involved in promoting them, even indirectly, but it really depends on the MLM and the product.

              Comment


              • #52
















                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

                 
                Click to expand…


                Genuinely asking not trying to be nasty or sarcastic, tone doesn’t work on the internet.

                What more moderation would you want on this forum? Ads masquerading as posts are pretty minimal and often from fairly regular posters. You obviously didn’t like the political stuff which as near as I can see has ceased entirely after a fairly reasonable and cordial discussion about who enjoyed it and who didn’t and as you note above, your side won.

                I would challenge anyone to find another free internet community that dialed back from serious political disagreements to resumption of normal topical content based on fairly calm discussion between members within a few weeks and with a very light hand by the mods. I would say we are currently winning the internet.
                Click to expand...


                you wrote one of the finest posts i have ever read as your sign off about political posts.  i mean that sincerely, and i appreciate your willingness to be flexible against your own preferences for the sake of the group.  i apologize because i am not the wordsmith you and other posters are.  in my mind, i can't say anything we haven't already gone over.  from my perspective, with political posts, nobody ever wins.   certainly i don't feel like my side won anything, if there even is a side.

                next i'm trying to answer your question about moderation:  if i am participating in a free forum, i am here as a guest and the rules are set by the owners.  if i don't like them, i can entreat the owners to change rules or leave.  they moderate as they choose.

                i was trying to address the pay scenario:  if i am paying, i simply have higher expectations about posting content that at least is not inflammatory.  this is a financial forum.  i want to read about finances without derogatory political commentary.  from previous posts, you and i would disagree about what constitutes unnecessary political commentary and what are inextricable related issues.  so to avoid constant disputes and feelings of frustration between people, my experience has been that it is better to set the rules clearly in the beginning and enforce them consistently.

                Another way of answering is:  i would not pay without an understanding of what the rules are regarding politics/religion, etc.  that's all.  otherwise future fights break out which i'm too old to waste time on.  more time is spent deciding how to manage it.  eventually few members storm away never to return.  frequently they were not the instigators but decided staying wasn't worth it.   that's my experience.  i am frequently in the minority on this board.  i'm used to being ignored by my kids and at work. 

                i do agree with you that it has been wonderfully calm for the past several days or weeks or whatever it's been.  thanks to everyone for taking a breath and keeping the peace.

                 

                 

                 

                 

                Comment


                • #53


                  i don’t think the charge was specifically to make it mobile friendly. i think the question was if there was a group desire to go ad free whether they would be willing to pay a subscription. there are probably in between ways to increase mobile friendliness without the subscription.
                  Click to expand...


                  To make forums more exclusive and have no major fights - make it pay for play. But then new members won't join and later the conversation becomes stale.

                  To make forums more user friendly on mobile or even on a tablet - turn off ads for those who find it distracting or getting in the way . But pay a price for it in the form of annual subscription that compensates for lost ad eyeballs.

                  Comment


                  • #54
                    Qschool. I think you are a fine wordsmith and you are not in the minority.

                    Comment


                    • #55


                      To make forums more exclusive and have no major fights – make it pay for play
                      Click to expand...


                      So: can we get a cut of folks that we refer and a cut of the people they refer and a cut of the people they refer and...?

                      Comment


                      • #56



















                        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

                         
                        Click to expand…


                        Genuinely asking not trying to be nasty or sarcastic, tone doesn’t work on the internet.

                        What more moderation would you want on this forum? Ads masquerading as posts are pretty minimal and often from fairly regular posters. You obviously didn’t like the political stuff which as near as I can see has ceased entirely after a fairly reasonable and cordial discussion about who enjoyed it and who didn’t and as you note above, your side won.

                        I would challenge anyone to find another free internet community that dialed back from serious political disagreements to resumption of normal topical content based on fairly calm discussion between members within a few weeks and with a very light hand by the mods. I would say we are currently winning the internet.
                        Click to expand…


                        you wrote one of the finest posts i have ever read as your sign off about political posts.  i mean that sincerely, and i appreciate your willingness to be flexible against your own preferences for the sake of the group.  i apologize because i am not the wordsmith you and other posters are.  in my mind, i can’t say anything we haven’t already gone over.  from my perspective, with political posts, nobody ever wins.   certainly i don’t feel like my side won anything, if there even is a side.

                        next i’m trying to answer your question about moderation:  if i am participating in a free forum, i am here as a guest and the rules are set by the owners.  if i don’t like them, i can entreat the owners to change rules or leave.  they moderate as they choose.

                        i was trying to address the pay scenario:  if i am paying, i simply have higher expectations about posting content that at least is not inflammatory.  this is a financial forum.  i want to read about finances without derogatory political commentary.  from previous posts, you and i would disagree about what constitutes unnecessary political commentary and what are inextricable related issues.  so to avoid constant disputes and feelings of frustration between people, my experience has been that it is better to set the rules clearly in the beginning and enforce them consistently.

                        Another way of answering is:  i would not pay without an understanding of what the rules are regarding politics/religion, etc.  that’s all.  otherwise future fights break out which i’m too old to waste time on.  more time is spent deciding how to manage it.  eventually few members storm away never to return.  frequently they were not the instigators but decided staying wasn’t worth it.   that’s my experience.  i am frequently in the minority on this board.  i’m used to being ignored by my kids and at work.  ????

                        i do agree with you that it has been wonderfully calm for the past several days or weeks or whatever it’s been.  thanks to everyone for taking a breath and keeping the peace.

                         

                         

                         

                         
                        Click to expand...


                        well said. although if you think i qualify as a wordsmith i have some favorite novels i would happily gift you that would dispel that notion.

                        the thing about pre-agreed upon rules makes a ton of sense to me, although even then there is room for wiggle. as you note above i think we would have a principled disagreement about where some of those lines started.

                        i definitely cannot imagine paying to be part of an internet forum, this is the internet community on which i spend the most time by far and i would balk at paying a subscription.

                        hilariously, my second most active internet forum life is a facebook group devoted to bird dogs. they are constantly banning people for complaining that lean, conditioned dogs like GSPs and vizlas are cruelly starved by their owners. i recently got a side bar ad for a splinter group created by the people banned by the tyrannical mods of "Big Dog Enthusiasts." the new group was called "Banned from Bird Dog Enthusiasts."

                        Ah, the internet.

                        Comment


                        • #57
                          I have a feeling you didn't even read my post. Busy I guess. I specifically said, I don't think anyone should blog for free. Then I just see a philosophical tirade about how nothing is free in this world, if someone wants to blog for free, knock yourself out.

                          I agree with you, there is a balance. So why is a higher quality blog such as WCI has less distracting ads and less ads period? That is my point. With higher quality content, people start to mind the ads less. And I don't see a stack of 8 ads on a single page on this website.

                          Mr. Feriss again, has zero banner ads on his blog. The content is of such quality and so popular, that even if he did have ads, people will continue to read the blog.

                          I read 4 or 5 of the blog posts of that gentleman. Very generic and basic dull real estate stuff, not actionable at all. I am speaking from significant experience investing in real estate as well as reading various RE blogs. Now I know writing is hard, and I acknowledge that. But the more amateur the blog, you would expect to see less ads.

                          And I disagree, life isn't about squeezing every cent possible from every venture. My satisfaction and fulfillment of projects in my life was in no way directly proportional to how much I was paid (if I was paid at all).

                          Comment


                          • #58
                            There has been some criticism of the new partner and I would agree that the articles aren't as strong as those we see on WCI or FIRE. There have also been questions raised about the use of MLM. Instead of only being negative, I would like to suggest to PIMD a full article on his (and Mrs. PIMD's) experience with MLM. While I don't see myself joining such an organization, I think a full description of the experience would be interesting and could be beneficial to anyone considering an MLM (especially as this is your largest source of passive income on the July 2017 report). I would suggest addressing the following:

                            - how was it starting out? were there upfront costs?

                            - how much time did you and your wife spend on it when starting? has that changed over time?

                            - what did you do right?

                            - what did you do wrong?

                            - how do you pick a company? what due diligence is needed?

                            - what has the income looked like over time?

                            - where does your monthly income arise from (what % is from sales and what is from each level of recruitment)?

                            - do you sell to or recruit friends, family, or coworkers? is there difficulty in separating these relationships?

                            Be as detailed as possible. I think more detailed information will increase the value of your blog.

                            Comment


                            • #59







                              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!
                              Click to expand...


                              Thats fair - he is making good chunk but compared to website hits he is undermonetized. Also I am sure he doesn't share that sentiment of maximizing ad revenue otherwise he would have done it. That was the point I was making, his blog sort of reflects his philosophy of enoughism I think. Possibly doesn't want the hassle of having business manager / backend work etc who knows.

                              Comment


                              • #60




                                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.
                                Click to expand...


                                No, I'm not seriously considering going subscription only. I agree the forum would die under that model. So that leaves us with ads, donations (which also basically don't work), or just subsidizing its costs with income from other aspects of my business. But frankly, the only portion of the business I'm willing to subsidize is the scholarship. The rest needs to pull its weight either by being directly monetized or providing enough marketing value for the rest of it to justify its existence.

                                So that leaves ads. But I'm always open to suggestions for improvements. I find the ones on the desktop minimally intrusive. There's never more than one on the screen at a time. We'll think about it as we consider changes to the overall mobile site, so I appreciate the feedback. But don't expect ads to go away. They've been here from day one and this is a for-profit site.
                                Helping those who wear the white coat get a fair shake on Wall Street since 2011

                                Comment

                                Working...
                                X