The experiment continues, about 45% complete so ar. So Im having to go a little off track, for content for this specific site. Today, I would like to discuss the concept, one that I developed. Im an amatuer economist, so this has no basis in anything I've read so far, but I wouldn't be surprised if this theory is out there already.
I think, all value, and by extension, all price, is a result of the value or price that is placed on food. I believe that there is a very strong correlation between the price of food and the price of anything on the market. At the very minimum, it determines the cost of production, and for the vast majority of Americans, it also helps to determine the amount that is saved and what is considered disposable income. So, in truth, the cost of living determines both the minimum price to break even, and 99% of the time, the maximum price for an object. Even for large purchases, which would be expected to be financed, the maximum price is also dependent upon what a person can afford to pay.
Okay, so where does this stem from? Food is the key ingredient in all products in society, as it is the fuel for labor, which is the universal ingredient in all economic activity. Whether you work from home, at the office, or at a construction site, you must eat. And in the very begginning of society, our ability to support a complex economy is dependent on the fact that on a day-by-day basis a person can produce more food than they need to survive, otherwise, our economy wouldn't even be existant.
Its a pretty simple concept, and in my opinion, hard to defeat. But as is my nature, I even got in a fight over it. And when trying to point out, and explain my view to the person I brought inflation into the mix.
And he made the classic point that I was confusing inflation with purchasing power, and at the same time I would be confusing price with value. However, upon further examination, the concepts are tied to each other. He made the point that all inflation really does, is reduce purchasing power.
While this is certainly true at the beginning of the cycle, assumably labor prices will inflate as well. Not to mention, value can be used as a means of exchange. So whether I get a loan, get a raise, or become more productive, Im going to try to balance out the exchange, even if there is technically not enough money.
Opinions?
Friday, December 11, 2009
Thursday, December 3, 2009
Marketing Experiment Update December
Hey people! Im still doing my best to conduct this experiment, but saying that I will build 100 effective backlinks is much easier said than done! But, Im about 25% complete so far, a couple of weeks, and I should be done.
For those of you not familiar with my experiment, my goal is to measure and provide statistics for some internet marketing strategies. Specifically, my first experiment is to determine how much traffic an individual backlink provides to a website. This will help internet companies and existing companies qualify and validate the hiring of specific internet marketers, which will be a great secondary source of income for many Americans, in a time which we need them the most.
What other marketing strategies do I investigate? Believe it or not, I'm actually reversing a decision of mine in October 2009. I had come to the conclusion that Traffic Swarm, as a system for generating hits, was almost useless. However, after dealing with the program for two months, I've reconsidered and changed my stance.
Traffic Swarm, despite the incentive to click, actually does deliver some moderately good traffic. While yes, the clicker gets compensation for clicking, he actually has an unlimited number of options to click. So ther is some element of targetted traffic to this, as the surfer can still choose to bypass a site he doesnt want to read.
The vast majority of those websites that advertise through Traffic Swarm are business opportunities, so believe it or not, I've found my blogs and my company website does very well. When a surfer has clicked through 15 sites, each of them offering a get rich quick scheme, coming upon a blog talking about Ghost Stories, it seems they are more likely to stop and read, comment, and participate.
If your interested, click below. Its a basic traffic exchange, you click to earn hits, however the traffic exchange is cleaner than most. Its very automated, and easy to use. I find it preferable to alot.
Click Here for Traffic Swarm
For those of you not familiar with my experiment, my goal is to measure and provide statistics for some internet marketing strategies. Specifically, my first experiment is to determine how much traffic an individual backlink provides to a website. This will help internet companies and existing companies qualify and validate the hiring of specific internet marketers, which will be a great secondary source of income for many Americans, in a time which we need them the most.
What other marketing strategies do I investigate? Believe it or not, I'm actually reversing a decision of mine in October 2009. I had come to the conclusion that Traffic Swarm, as a system for generating hits, was almost useless. However, after dealing with the program for two months, I've reconsidered and changed my stance.
Traffic Swarm, despite the incentive to click, actually does deliver some moderately good traffic. While yes, the clicker gets compensation for clicking, he actually has an unlimited number of options to click. So ther is some element of targetted traffic to this, as the surfer can still choose to bypass a site he doesnt want to read.
The vast majority of those websites that advertise through Traffic Swarm are business opportunities, so believe it or not, I've found my blogs and my company website does very well. When a surfer has clicked through 15 sites, each of them offering a get rich quick scheme, coming upon a blog talking about Ghost Stories, it seems they are more likely to stop and read, comment, and participate.
If your interested, click below. Its a basic traffic exchange, you click to earn hits, however the traffic exchange is cleaner than most. Its very automated, and easy to use. I find it preferable to alot.
Click Here for Traffic Swarm
Tuesday, November 17, 2009
Experiment One, Phase Three
So finally, my experiment has come to an end. Ive concluded that every new post adds about 2.5 unique visitors, while each link bringing in about .045 visitors at this point per week. And it seems that an individual backlink increases its power of visitor aquisition by .0001 for every other backlink in the network.
Of course, I can recommend that grea content does a part, because more than a few posts brought in more than other posts. So still, content is king!
So how many visitors will 100 backlinks net you? About five visitors a day.
How many will 1000 net you? Given that the trend of increasing synergy through backlinks continues, an unreal number of 140 per day. This is to assume progression is geometric.
So, I have a final test. I will record as I post 20 backlinks every day for the next five days, and reset my counter for the site. Then I will get another 5 days to see how many hits these create, finding a nice average.
Then my goal is to build 1000 textual backlinks over the next 30 days, for the same site. I will post 30 backlinks per day for 30 days, then record the results. This will give me a combined total of 1000 backlinks.
Unfortunately, I will really have to exhaust myself to develope these links!
Of course, I can recommend that grea content does a part, because more than a few posts brought in more than other posts. So still, content is king!
So how many visitors will 100 backlinks net you? About five visitors a day.
How many will 1000 net you? Given that the trend of increasing synergy through backlinks continues, an unreal number of 140 per day. This is to assume progression is geometric.
So, I have a final test. I will record as I post 20 backlinks every day for the next five days, and reset my counter for the site. Then I will get another 5 days to see how many hits these create, finding a nice average.
Then my goal is to build 1000 textual backlinks over the next 30 days, for the same site. I will post 30 backlinks per day for 30 days, then record the results. This will give me a combined total of 1000 backlinks.
Unfortunately, I will really have to exhaust myself to develope these links!
Thursday, November 12, 2009
Science of Money: The Workplace Melting Pot
I was watching a segment on the Colbert Report, as I've been a fan since my senior year in High School, with an author, Christopher Cauldwell, who was discussng Islam in Europe. He makes the claim that in Europe, Muslims aren't assimilating into the culture as well, because they are capable to maintain an insular community due to a welfare system which allows them to remain in said communities.
Supposedly, due to the less-generous American Welfare system, we force workers to assimilate into the American Workplace, or get out of the nation. And while there is certainly truth to this statement, I don't believe it has as much power as Mr. Cauldwell would leave us to believe.
A lot of communities in America, and the world, are insular. The most common form of this is geographic isolation. Many of the services and money spent on services, stay in the same community. If you live in a small town in Maine and the nearest population center is 50 miles a way, you won't drive out there to get your hair cut, as you would spend an extra $10 (round trip) or so in gas money, and the cost of your haircut would be $25 as opposed to $15. So it becomes highly unlikely that you would go to this other barbershop, and thus your money would stay in the community. This goes for the vast majority of other services, and retail locations.
However, even in larger communities social differences also increase the isolation of a community. A Jesuit practitioner can't go to the same butcher as a Christian, and even the existance of a language barrier, like Yiddish, further isolates that community. And the natural tendency of a person to promote and hire those who share their values (and as such their backgrounds), not to mention community needs of a business, make it more likely that they will hire those from within their own community. A Jerk Chicken restaraunt will need to hire someone who knows how to cook Jerk Chicken. The manager of the restaraunt may attribute his success in the industry to growing up in Jamaica. And patrons, may feel more comfortable with the cliches of a Jerk Chicken cook as opposed to say, a Latino cook. So it makes it much more likely that the restaruant will hire someone from Jamaica who knows how to cook Jerk Chicken.
So unlike what Mr Cauldwell says, a person's ability to assimilate with a culture begins in the public sector, not in the private sector. This begins with education and access to education, which not only increases a person's technical and academic ability, but forces them to open their minds to new ideas and new people. In addition community and social events where the idea is to purposefully encourage diversification will increase the ability of immigrants to assimilate.
Just a little bit of food for thought. What are your opinions on this topic? Does the public or private sector have more influence on cultural assimilation.
Supposedly, due to the less-generous American Welfare system, we force workers to assimilate into the American Workplace, or get out of the nation. And while there is certainly truth to this statement, I don't believe it has as much power as Mr. Cauldwell would leave us to believe.
A lot of communities in America, and the world, are insular. The most common form of this is geographic isolation. Many of the services and money spent on services, stay in the same community. If you live in a small town in Maine and the nearest population center is 50 miles a way, you won't drive out there to get your hair cut, as you would spend an extra $10 (round trip) or so in gas money, and the cost of your haircut would be $25 as opposed to $15. So it becomes highly unlikely that you would go to this other barbershop, and thus your money would stay in the community. This goes for the vast majority of other services, and retail locations.
However, even in larger communities social differences also increase the isolation of a community. A Jesuit practitioner can't go to the same butcher as a Christian, and even the existance of a language barrier, like Yiddish, further isolates that community. And the natural tendency of a person to promote and hire those who share their values (and as such their backgrounds), not to mention community needs of a business, make it more likely that they will hire those from within their own community. A Jerk Chicken restaraunt will need to hire someone who knows how to cook Jerk Chicken. The manager of the restaraunt may attribute his success in the industry to growing up in Jamaica. And patrons, may feel more comfortable with the cliches of a Jerk Chicken cook as opposed to say, a Latino cook. So it makes it much more likely that the restaruant will hire someone from Jamaica who knows how to cook Jerk Chicken.
So unlike what Mr Cauldwell says, a person's ability to assimilate with a culture begins in the public sector, not in the private sector. This begins with education and access to education, which not only increases a person's technical and academic ability, but forces them to open their minds to new ideas and new people. In addition community and social events where the idea is to purposefully encourage diversification will increase the ability of immigrants to assimilate.
Just a little bit of food for thought. What are your opinions on this topic? Does the public or private sector have more influence on cultural assimilation.
Wednesday, November 11, 2009
Science of Money: Experiment One, Phase Two
Okay, its still not going as I expected, as the nature of backlinks and how much traffic they generate has changed. I assume though, each week, as the experient continues, the figures will change. But here is what I have so far.
Currently, the average post produces 2.5 new visitors to the website upon its posting. This is a 38% change from what was reported initially, and I assume the margin of error will change but become smaller until I find a good number.
The posting of 10 backlinks produced 2 hits immedietly, making the new adjusted average .3 per backlink upon initial posting. This is a 50% change as compared to the initial number.
However, the 20 links total produces 3 new hits this week. Thats .15 hit per link in a week, which is a 50% increase. However, I do think this figure is about accurate, as I expected some geometric increase as more links are cast out into the wind. This is due because the more links that are out there, in targetted sources, it increases the blog's notoriety. If you see this link here and at another associated blog, you will definately know the blog might be something your interested in, and might be more likely to click(I might refer to this as synergistic growth). Not to mention that the more links naturally also increases the Page Rank of a page.
While it might seem unusual to claim that 20 links as opposed to 10 links might show more synergistic growth, but the blog I have is in a field which isn't heavily populated. So it maintains some status.
Currently, the average post produces 2.5 new visitors to the website upon its posting. This is a 38% change from what was reported initially, and I assume the margin of error will change but become smaller until I find a good number.
The posting of 10 backlinks produced 2 hits immedietly, making the new adjusted average .3 per backlink upon initial posting. This is a 50% change as compared to the initial number.
However, the 20 links total produces 3 new hits this week. Thats .15 hit per link in a week, which is a 50% increase. However, I do think this figure is about accurate, as I expected some geometric increase as more links are cast out into the wind. This is due because the more links that are out there, in targetted sources, it increases the blog's notoriety. If you see this link here and at another associated blog, you will definately know the blog might be something your interested in, and might be more likely to click(I might refer to this as synergistic growth). Not to mention that the more links naturally also increases the Page Rank of a page.
While it might seem unusual to claim that 20 links as opposed to 10 links might show more synergistic growth, but the blog I have is in a field which isn't heavily populated. So it maintains some status.
Tuesday, November 10, 2009
Surprising Upset
So upon posting a new set of links, and a new content post, my blog has recieved a remarkable three new uniques. This definately makes me wonder if the controls of the experiment weren't strict enough to run the experiment correctly. Ive decided to extend phase one for five more days, and I will repost the information for you all to see after that time.
Monday, November 9, 2009
Science of Money: Experiment One, Week Two
Okay, so its been another five days, and Im going to update ya'll on the current progress of the newest experiment. I posted new content, then posted ten links for this blog, and this is what I got.
Firstly, as you know, new blog content will generate a few hits for a blog, approximately five per post. So if you really do want quite a few hits per day, multiple blog posts per day will do that for you. However, it is my belief, after last week's experiment, that none of this is residual traffic. Unless that person becomes enamored with your content and subscribes (or just checks back frequently), it wont produce any residual unique visitors. This makes sense, as the updated blog content itself has been cycled out by the new variety of other updated blog content, from either your blog, or another person's blog.
But taking this into account, my ten backlinks produced five new visitors in a five day span. However, even this has be be segregated. The first four of these were produced within 24 hours of the posting of a backlink. All the backlinks posted were comment backlinks or forum backlinks. The added value of an article segregates backlinks produced by such. So thus, for every single comment leveraged out onto the internet, my studies show that you will get .4 visitors from the backlink immedietly, and .1 visitors every five days.
Given that the initial posting only happens once, this .4 visitors doesn't do much for you, unless you posted comments en-masse. However, a single backlink will produce a unique visitor every 2 1/2 months. I tend to think that this is probably an inverse parabola, where the amount of visitor return reduces over time, getting closer and closer to zero, but never going away, simply because your comment backlinks will get overrun by others who post. And of course, if you aim your backlinks for high-traffic blogs, they might perform significantly better. I aimed for blogs and pages between PR 2 and 3, with content similiar or close to mine. The average comment backlink takes 30 seconds to write, but a grand total of 10 minutes to develope.
Now, how about building to a 1000 visitors per day? Well 100 backlinks will produce one visitor, 1000 will produce 10 per day, 10,000 will produce 100 per day, and 100,000 backlinks will give you your 1000 visitors per day. Given that you have good content, you should see a CTR of 4 to 5%. I estimate $20 in income from click throughs for 1000 hits. This would be an income of $600 per month. The cost of producing content, whether or not you made it yourself (you essentially pay that cost by doing it yourself) would be .02 per word, with a post-length of about 700 words. About 14 USD per day. Thus, profit would be $180 a month. The value of a backlink to you, at that point .0018 of 1 USD. Almost a fifth of a cent. The total value of your blog as a whole would be between 1800 to 3600 USD; plus or minus details such as charges for content, increased monetization, or intellectual property. The asset as a whole might be worth 4000 USD to an eager buyer.
That pretty much sums it up for you! Adios
Firstly, as you know, new blog content will generate a few hits for a blog, approximately five per post. So if you really do want quite a few hits per day, multiple blog posts per day will do that for you. However, it is my belief, after last week's experiment, that none of this is residual traffic. Unless that person becomes enamored with your content and subscribes (or just checks back frequently), it wont produce any residual unique visitors. This makes sense, as the updated blog content itself has been cycled out by the new variety of other updated blog content, from either your blog, or another person's blog.
But taking this into account, my ten backlinks produced five new visitors in a five day span. However, even this has be be segregated. The first four of these were produced within 24 hours of the posting of a backlink. All the backlinks posted were comment backlinks or forum backlinks. The added value of an article segregates backlinks produced by such. So thus, for every single comment leveraged out onto the internet, my studies show that you will get .4 visitors from the backlink immedietly, and .1 visitors every five days.
Given that the initial posting only happens once, this .4 visitors doesn't do much for you, unless you posted comments en-masse. However, a single backlink will produce a unique visitor every 2 1/2 months. I tend to think that this is probably an inverse parabola, where the amount of visitor return reduces over time, getting closer and closer to zero, but never going away, simply because your comment backlinks will get overrun by others who post. And of course, if you aim your backlinks for high-traffic blogs, they might perform significantly better. I aimed for blogs and pages between PR 2 and 3, with content similiar or close to mine. The average comment backlink takes 30 seconds to write, but a grand total of 10 minutes to develope.
Now, how about building to a 1000 visitors per day? Well 100 backlinks will produce one visitor, 1000 will produce 10 per day, 10,000 will produce 100 per day, and 100,000 backlinks will give you your 1000 visitors per day. Given that you have good content, you should see a CTR of 4 to 5%. I estimate $20 in income from click throughs for 1000 hits. This would be an income of $600 per month. The cost of producing content, whether or not you made it yourself (you essentially pay that cost by doing it yourself) would be .02 per word, with a post-length of about 700 words. About 14 USD per day. Thus, profit would be $180 a month. The value of a backlink to you, at that point .0018 of 1 USD. Almost a fifth of a cent. The total value of your blog as a whole would be between 1800 to 3600 USD; plus or minus details such as charges for content, increased monetization, or intellectual property. The asset as a whole might be worth 4000 USD to an eager buyer.
That pretty much sums it up for you! Adios
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