How to Build and Monetize a Technology Entrepreneurship Blog: Metrics

Metrics: What user and revenue numbers should you target?

Be ambitious.

But be realistic.

Let’s go back to the affiliate monetization model framework with Udemy-1Mby1M that I discussed earlier.

100 entrepreneurs x $3 (25% commission)  x 10 (courses) = $3000 in potential revenue for you.

1000 entrepreneurs x $3 (25% commission)  x 10 (courses) = $30,000 in potential revenue for you.

10,000 entrepreneurs x $3 (25% commission)  x 10 (courses) = $300,000 in potential revenue for you.

100,000 entrepreneurs x $3 (25% commission)  x 10 (courses) = $3,000,000 in potential revenue for you.

As a starting point, getting 100 entrepreneurs trained is a realistic goal.

The question is over what timeframe?

It’s hard for me to answer that question because I don’t know how much time you plan to put into this effort.

Is this a side gig or a full-time career?

Do you have an audience already that you’re just now starting to monetize?

What I will leave you with as guidance is the following: Monetize as you go along. Do not wait to get to large audience numbers before you start to monetize. There is absolutely nothing to gain by waiting.

In many countries of the world, $3000 is a substantial income. These are places where the cost of living is low. Entrepreneurship ecosystems are poorly developed. 

Ramping up 100 entrepreneurs with world class training would make a real difference in building these economies.

There are also entire countries that need entrepreneurship ecosystems to be developed. You could work with the colleges and universities in such places and train large swaths of ambitious youth. 

And then, 10,000 entrepreneurs or 100,000 entrepreneurs are not unreasonable targets.

If you decide to create a blog and become an affiliate, please join our 1Mby1M Ambassador Group on LinkedIn where I will be offering more support and an opportunity to network around these ideas. 

Photo Credit: Gerd Altmann from Pixabay

Related Udemy Courses

How to Teach Technology Entrepreneurship with Sramana Mitra

How to Grow Communities of Entrepreneurs with Sramana Mitra

How to Build a Tech Entrepreneurship Blog with Sramana Mitra

This segment is a part in the series : How to Build and Monetize a Technology Entrepreneurship Blog