Great round of questions. There were about 7 that I took out cause I think they are a blog post in themself I will be putting up soon so if you do not see yours thats probably the case.
You guys asked like 75 questions in a few hours pretty impressive 😉
Also a lot of times I get emails why I do not linkout and its really nothing to do with linking out but more to do with speed in answering questions. I try not to spend more then 30 mins on it and looking up urls sucks. I wrote a script to harvest the questions and format them for speed and I will continue to do this on sundays as time permits.
When you played MMORPGs, which ones did you play primarily? I attribute much of my interest in the internet to MMORPGs; same for you or no?
ShoeMoney: I started playing Everquest the day it launched wasted 2 years of my life or so in that game.. then camelot then eventually World Of Warcraft. I quit playing a couple years ago when I read about parents neglecting their kids for online games and I was worried I could be that guy so I quit 6 months before my daughter was born havent really cared about playing since.
Shoe i have got couple tiny questions for you.
1. Do you think Blogging has a future for making serious money?
2. What would be the best business for Indian’s – Would it be eCommerce, Affiliates or Blogging depending on the future since ringtones, affiliates dont work for indian products/networks.
3. Why does Johnchow.com blog offer other than his food related posts, self promotion & freebies posts which he get! 😉
ShoeMoney: 1) For sure blogging has a future for a select few to make money. 2) Being I am not a Indian or in India I have no qualification to answer that question. 3) John Chow’s blog is a blog about him and his interests. I think there is both an educational value and an entertainment value.
Hey shoe! i am very new to blogging & have came to know about you & your site just now a days , i wanna know about the history of your almighty Blog, How does it get started , please give me a brief answer if you can?? PLZZZZZZZ….
ShoeMoney: Sure. I started a personal blog where I could vent my frustrations and views on the industry.
Why do you think that, more often than not, the quality of content in the massively popular blogs seems to have deteriorated exponentially with their success? Is it that our expectations have been raised, or that their motivations have changed?
ShoeMoney: Sure I think their motivations change. For a lot of the big blogs its their main source of income so they bring in more writers or whatever which brings more content and pageviews but does mess with the “secret sauce” a bit.
When you developed Nextpimp, was it just you who developed it at the time or did you hire a team. If it was just you, what type of programming/design did you use to develop such a massive site and how much experience did you have with that programming/design?
ShoeMoney: To start with it was all me with help occasionally from friends. I bought books on PHP/MYSQL and CSS and larned as I went.
Which site that you’ve developed are you most proud of and why?
ShoeMoney: I think auctionads.com was pretty impressive but I am more proud of the success we are having with fighters.com. Dominating in new markets is very difficult. Auctionads was not that big of a stretch for us being we already knew everyone in the advertising space and had a incredible reputation with them. Fighters.com we dunno hardly anyone so being we are a force after only weeks in I am pretty proud of that.
What are the side-effects of blogging ? How many hours per day you work on net ?
ShoeMoney: people misunderstand you. I am always connected and working or available.
what was your biggest mistake while working on the web?
ShoeMoney: running aim or twitter while trying to be productive.
ShoeMoney Suport Line. haha asks:
I have site www.OutdoorSporting.com
Have built it up to be a comparison shopping site portal/affiliate site for Camping, Hunting and Fishing Gear.
Iâ€™ve built this site plan in hopes to have a lot of fun in what I enjoy and know about, but also with plan to make money and build a huge traffic portal for this category.
Plan on ways to make money on this site is:
1. Affiliate network of all retailers sales referrals: (thinking if I list all top retailers and price for that product, doesnâ€™t matter where they buy I get credit) example www.outdoorsporting.com/family/8140/display.html
2. Google Adsence
3. Sell banners to Manufacturers once I get traffic levels up.
ShoeMoney: These type of sites used to do really well back in the search engine arbitrage days but since they are pretty hard to monetize. I am not that familiar with the outdoor sporting niche but there are a lot of affiliate programs for it on CJ. Wish I had a better answer =(
Besides Warren Buffett, if you could build a business centered mastermind group of 4-6 individuals, who would you choose?
ShoeMoney: This will sound cocky but I would use our current team. I doubt warren buffet knows jack about what we do. Our team grows with experience on each project and we already have experience very few in the world have and I look for that to continue.
You said recently that you have advertised on radio for fighters.com. Do you think this will yield an ROI? Other than editorial, what features will you be adding to the site?
ShoeMoney: No I was hoping to lose money… ok duh yes I think it will yield ROI. We have a ton of features (keep in mind we are only about 6 weeks into it). I think the biggest will be the social network aspect.
Explain to us the difference in productivity you are seeing in a Home Office vs A real office out of the home. It has a lot to do with growth and earning in the decision to when the consultant decided to go office, but I have done so in a small exec suite and I can’t say enough about it. Just curious if you are one of those people that are just as productive in the home?
ShoeMoney: Getting out of the house has been really awesome. I am totally more productive. We just signed a lease on a new bigger office with 7 offices a bathroom and kitchen that is 100% ours and I am super pumped for the expansion.
Is it a given that, if you create 1000 aff sites you will make a living? Or, will the management, hosting, dev, etc costs outweigh the profits?
ShoeMoney: If you know nothing about affiliate marketing and create 1000 I guarantee you will lose money.
When you started NextPimp.com what did you find was the best way to draw traffic to it? Was it easy to get traffic to the site because of the service you offered? Lastly, do you compensate the forum moderators, and if not, why do they do it?
ShoeMoney: Word of mouth was the best way. At one time I could go to any nextel store in the country and they would know about nextpimp. Their are 4 forum moderators and they recieve 100% of the income from the Forum.
ShoeMoney: Buy it (short term) have good content (long term)
What percentage of your day is spent doing what? For example, how much time do you allocate to health and fitness, how much to eating, how much to playing with family, how much cleaning the house, how much to thinking of new ideas, how much to working on current ideas.
I ask because I feel I’m not putting in enough concentration to certain parts of my life and I’d like to know how someone who is as successful as you does it.
ShoeMoney: I work out lifting weights for 2 hours monday, weds, friday and do Brazilian Jujitsu on Thursdays. I just started running in the mornings and hopefully I will continue that trend. I am always thinking of new ideas. I hire people to clean the house and do the lawn. I spend as much time as possible playing with my family.
ShoeMoney, what are your thoughts about how search engines will impact one’s personal brand in the future? If an individual doesn’t have a unique name such as Mike Smith, do they have a chance at being found?
ShoeMoney: Sure.. I mean if you look at me I have branded myself as shoemoney. Just make up something.
What kind of market research do you do for your sites and what is the process you go through before starting a new one? Especially for your authority sites like fighters.com.
Keyword research for SEO/PPC?
Throw it at the wall and see what sticks?
Surveys and interviews?
ShoeMoney: Really we just try to provide a service we feel is not there. In nextpimp it was user generated ringtones, For auctionads it was getting great payouts from the eBay affiliate program in a easier to use system, With fighters.com its providing great news/videos/pictures and social network for MMA fans. I mean the concepts seem very simple to us. Its a site we make because its a service WE want to use.
Nowadays you have employees but you started alone, right?. When did you realise you needed them?
ShoeMoney: Dillsmack and Susan both kind of proved themselves before I hired them so it was almost like I could not afford to hire them. Tigh was the first actual employee I interviewed that worked out. I knew I wanted to do the Elite Retreat again.. this time full on shoemoney style but I also knew someone needed to be in charge of that. Tigh had previous conference management experience and also has a degree in statistics. I basically figured if I could pay for his salary for a year from the elite retreat then it was worth it. It was.
what percentage of your visitors come from “social marketing” advertising? We are launching a huge campaign at this market as of June and am just wondering what your experience with this growing market has taught you? Thanks.
ShoeMoney: It really depends on the niche and site. Like lets say fighters.com makes it to the front page of digg with a mma store. ESPN is much more likely to contact us about the story then if our domain name was like mma$insertnamehere or with tons of dashes or whatever. If I can assume you have a very brandable legit domain and site (not with hyphens and spammy keywords) I think social media will help cement you as an authority in the space
How do you think gas prices will affect ecommerce / online sales for clothes?
Will people buy clothes online more because they don’t want to pay for gasoline or do you think they will shop at the local stores to avoid shipping charges?
ShoeMoney: I think you will see online shopping increase with or without gas prices. More people are getting online and shopping everyday and customer confidence they are getting the best deal and their data is secure is growing also.
How many shirts have you received from Free Shirt Friday? Do you wear them? Can you show us how do you store them?
ShoeMoney: Its really beyond count.. maybe 250? I do wear them if I like them. I did a video not to long ago might have to search for it.
Chris Edwards asks:
In your â€œAs Success Grows Opportunities Shrinkâ€ post you mentioned that there are an extraordinary amount of opportunities to make 100$ per day and that you can think of 50 off the top of your head. Could you at least share the top 10 for all of us wannabes?
ShoeMoney: No, that was the whole point of the post.
How do you anticipate Fighters competing with firmly entrenched giants like MMA.tv and sherdog’s afterbirth of a site? OK, mainly MMA.tv… sherdog is a pile…
ShoeMoney: I am not that familiar with mma.tv (domain forwards to something else?) but looking at their alexa its not much more then this blog. I think there are a lot of good quality MMA sites out there but with our marketing and development I don’t think we will have much competition. Last weekend at UFC84 all these big sites were just asking me how we have grown so fast in only a couple weeks. I tell them just wait till we hit our stride!
Many affiliates still report huge tracking issues with EPN especially with ACRUs. Many of them have revenues much less than what they had with CJ! I’ve seen some members on DP blame you for their losses. What do you think about all of this? Are you in position to let the right people know about this problem, so that it actually gets fixed?
ShoeMoney: After we sold auctionads (last july) we moved on to other projects. We were way over our head with Auctionads being it was just me and Dillsmack running it and we recognized it and sold it. I have had little to no contact with the eBay affiliate team since the sale