The Man Who Sold His Blog For US $15 Million
Johns Wu, a 22 year old entrepreneur from San Marino, CA, USA has created blogging history. He has managed to sell his blog, which he worked on for only two year for a staggering US$ 15 Million.
His blog was powered by WordPress, which has become the blogging software choice for many new bloggers.
Wu’s blog was a financial blog located at the domain: www.Bankaholic.com . He blogged related to personal finance: credit cards, bank rates, loans…
Google trends showed that he was getting approx. 8000 unique visitors to his blog daily. His blog Bankaholics had an Alexa Ranking of 41,904.
The Bankaholics blog was managed as a one man operation by Jons Wu. The man revenue stream were from Google Adsense and other finance related affiliate programs.
A financial information site called BankRate purchased his blog for a massive US$ 15 Million. BankRate negotiated to pay $12.4 million up front, with the remaining sum to be paid over the next 12 months, based on performance. Johns was offered to stay on and assist with the transition for an unspecified time.
This goes to show that finance is a really popular blogging topic. With hardwork and determination most bloggers can start to earn a full-time income from their blogging. You will need to spend time one producing blogs that are of the highest quality.
The income generated from your blog will be determined by the quality of traffic to your blog, the number of posts, and subject of the blogs. The other crucial element is the interaction between your visitors.
If the visitors to your blog like the content, they will keep on coming back and also bring their friends. As your blog starts to grow it will attract more and more visitors and create a buzz on the internet, this can lead to exponential growth in traffic and revenue for you.
Mujibur Rahman has created the website: www.EvergrowingIncome.com as a resource for everyone that is interested in creating financial abundance using the internet.
Article Source:http://www.articlesbase.com/blogging-articles/the-man-who-sold-his-blog-for-us-15-million-1482941.html
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