PoF plus WCI = $$$$

[Hatton]

i just read the new post on both WCI and PoF.  They are joining up.  I think this is great and will provide more content and some lively discussions going forward.  I wish them both luck.  Running a business is hard especially when you have a day job.  All the best.

[Complete_newbie]

Let me preface by saying that I have learnt quite a bit on WCI in the past 3 months

That being said, pushing aside all the touchy feely good stuff, this is the definition of cornering the market. Not certain about terms being thrown around how "collaborative" this is - is it? Seems more like completion for capturing eyeballs which now the WCI has done for 99% of this market. Monopoly gives you insane profit and now he has double the content. That's how I see it: A pure business decision.

[Miss Bonnie MD]

I find their blogs to be quite different personally and their respective audiences...

WCI is really geared for all docs (and other high income professionals) about getting their financial house in order.

PoF is a retire early blog and not just geared towards docs and the like. I love his stuff but a lot of it doesn't really apply to me (since I'm not trying to retire early or live super frugally to get there).

[DarrVao777]

Complete_newbie wrote:

Let me preface by saying that I have learnt quite a bit on WCI in the past 3 months

That being said, pushing aside all the touchy feely good stuff, this is the definition of cornering the market. Not certain about terms being thrown around how “collaborative” this is – is it? Seems more like completion for capturing eyeballs which now the WCI has done for 99% of this market. Monopoly gives you insane profit and now he has double the content. That’s how I see it: A pure business decision.

Click to expand...

I think it's a bit of an exaggeration to say this is cornering the market or a monopoly. It's certainly easier to produce content when you have two prolific bloggers. But the content still has to be good enough to keep our attention.

If someone is motivated enough, eloquent enough, and unique enough, they'll soon attract just as many eyeballs on their blog.

[Complete_newbie]

Eh kinda hard to do when people already are going to established writers. PoF is a great writer, BETTER than WCI. Hence the acquisition by WCI because he sees opportunity. As I said good for the readers but even better for $$

Really it's an exaggeration ? Name another physician crntric blog right now ... waiting...waiting ...waiting

Point proven

[The White Coat Investor]

Complete_newbie wrote:

Let me preface by saying that I have learnt quite a bit on WCI in the past 3 months

That being said, pushing aside all the touchy feely good stuff, this is the definition of cornering the market. Not certain about terms being thrown around how “collaborative” this is – is it? Seems more like completion for capturing eyeballs which now the WCI has done for 99% of this market. Monopoly gives you insane profit and now he has double the content. That’s how I see it: A pure business decision.

Click to expand...

Remember that when we're discussing blogs as businesses that you are the product, not the customer.

Is this a business decision? Yes.

Is this an investment decision? Yes.

Is this going to help readers, POF, advertisers, charities, our business manager, and myself? Yes.

Is there anyone who is going to be hurt by this? Not that I can tell.

Is it a monopoly? Are you kidding? There are 20 more physician financial blogs and the barrier to entry is about $50.

[Complete_newbie]

WCI there may be 20 others but you two combined would be 90% traffic. I certainly don't know 20 others and few on here know others. That is my estimation and I am sure I am very close.

It's a business decision and a great one so wouldn't matter if anyone is hurt. Which yes they will be since traffic now directs to a "network" that posts daily. Come on who are we kidding here.

[Miss Bonnie MD]

I think monopoly is a strong word. Even with the success of WCI, there are still SO MANY DOCS that do not know about it. And different things work for different folks - i.e. women.

[Hatton]

Complete_newbie you are new.  You just recently started posting here and your status indicates that you are a resident.  There are many physician specific blogs out there.  Miss Bonnie MD just posted a comment on this thread for example.  I think combing two blogs makes a lot of sense.  There is no reason to duplicate the back office stuff. No one is hurt the readership is helped.

[PhysicianOnFIRE]

Complete_newbie wrote:

Name another physician crntric blog right now …

Click to expand...

Doctor Blogs

A Penned Point

Black Men in White Coats

Burnetts Ahoy!

Choose Better Life

Cory S. Fawcett

Dads Dollars and Debts

Diagnosis Life

Disrupted Physician

Dr. Wes

Dr. Wise Money

Ed Mariano

Future Proof MD

Ideal Medical Care

Investing Doc

Jessica Zitter

Keeping Up With the Darkos

KevinMD

Life of a Med Student

Live Free MD

Marjorie Stiegler MD

Miss Bonnie MD

Passive Income MD

Productive Physician

Rebel.MD

Senior Resident

Some Random Guy Online

Son of a Doctor

Smart Money MD

Table For One

The Happy Philosopher

The Happy MD

The Doctor Weighs In

The First Habit

The Soulful Doctor

The Vital Physician Executive

Urgent Care Career

Wall Street Physician

Wealthy Doc

 

[WealthyDoc]

There certainly is no monopoly.  Not even an oligopoly.  What helps them is excellent content, marketing, technical prowess, etc.  As WCI mentioned, the barrier to entry is low.  As more doctors want out of medicine and read about profits online, there will continue to be a growing list of "competition."  I suppose I'm in competition (although no threat to these two for sure!).  I think it is brilliant to work together.  They will provide nearly daily content, organized themes, and expand to more physicians who badly need to hear the messages.

This  was a good post by WCI recently and there have been a ton of new ones even since then:

https://www.whitecoatinvestor.com/the-other-guys-a-review-of-physician-financial-blogs/

 

[canadianoutlaw]

PhysicianOnFIRE wrote:

Complete_newbie wrote:

Name another physician crntric blog right now … 

Click to expand…

Doctor Blogs

A Penned Point

Black Men in White Coats

Burnetts Ahoy!

Choose Better Life

Cory S. Fawcett

Dads Dollars and Debts

Diagnosis Life

Disrupted Physician

Dr. Wes

Dr. Wise Money

Ed Mariano

Future Proof MD

Ideal Medical Care

Investing Doc

Jessica Zitter

Keeping Up With the Darkos

KevinMD

Life of a Med Student

Live Free MD

Marjorie Stiegler MD

Miss Bonnie MD

Passive Income MD

Productive Physician

Rebel.MD

Senior Resident

Some Random Guy Online

Son of a Doctor

Smart Money MD

Table For One

The Happy Philosopher

The Happy MD

The Doctor Weighs In

The First Habit

The Soulful Doctor

The Vital Physician Executive

Urgent Care Career

Wall Street Physician

Wealthy Doc

 

Click to expand...

now if you go back to 6 years ago... 1 blog. thats it. pretty amazing. another reason why the internet rocks

 

[MochaDoc]

PhysicianOnFIRE wrote:

Complete_newbie wrote:

Name another physician crntric blog right now … 

Click to expand…

Doctor Blogs

A Penned Point

Black Men in White Coats

Burnetts Ahoy!

Choose Better Life

Cory S. Fawcett

Dads Dollars and Debts

Diagnosis Life

Disrupted Physician

Dr. Wes

Dr. Wise Money

Ed Mariano

Future Proof MD

Ideal Medical Care

Investing Doc

Jessica Zitter

Keeping Up With the Darkos

KevinMD

Life of a Med Student

Live Free MD

Marjorie Stiegler MD

Miss Bonnie MD

Passive Income MD

Productive Physician

Rebel.MD

Senior Resident

Some Random Guy Online

Son of a Doctor

Smart Money MD

Table For One

The Happy Philosopher

The Happy MD

The Doctor Weighs In

The First Habit

The Soulful Doctor

The Vital Physician Executive

Urgent Care Career

Wall Street Physician

Wealthy Doc

 

Click to expand...

Thanks for this list. I've found some gems.

[CM]

PhysicianOnFIRE wrote:

Complete_newbie wrote:

Name another physician crntric blog right now … 

Click to expand…

Doctor Blogs

A Penned Point

Black Men in White Coats

Burnetts Ahoy!

Choose Better Life

Cory S. Fawcett

Dads Dollars and Debts

Diagnosis Life

Disrupted Physician

Dr. Wes

Dr. Wise Money

Ed Mariano

Future Proof MD

Ideal Medical Care

Investing Doc

Jessica Zitter

Keeping Up With the Darkos

KevinMD

Life of a Med Student

Live Free MD

Marjorie Stiegler MD

Miss Bonnie MD

Passive Income MD

Productive Physician

Rebel.MD

Senior Resident

Some Random Guy Online

Son of a Doctor

Smart Money MD

Table For One

The Happy Philosopher

The Happy MD

The Doctor Weighs In

The First Habit

The Soulful Doctor

The Vital Physician Executive

Urgent Care Career

Wall Street Physician

Wealthy Doc

 

Click to expand...

Guys, I wouldn't waste one more minute on defending your business decision. How silly. Good for you.

[TheHappyPhilosopher]

As a physician blogger I see this as completely awesome. In my mind blogging is collaborative, not competitive (or maybe I'm just naive). I think there is endless demand for good content, and WCI and PoF both produce it. This sort of thing helps smaller bloggers like me in my opinion.