While I know today's freelance writing challenge won't apply to everyone, I think enough freelance writers are also bloggers to make this a worthwhile exercise. Today we're going to evaluate our blogs - basically look at the factors that come into play when you want to sell a blog, and use that evaluation as a guide to see where we could improve our blog's value in the future.
As a guide, we're going to use the things Darren Rowse and Chris Garrett laid out in the ProBlogger book as valuation criteria:
- Search Rankings
- Inbound Links
So today, take a look at one of your blogs, and make some notes regarding each of the things listed above. How is it doing with traffic? Are you building brand awareness around your blog? Is it used for personal branding, and is it doing that successfully? Are you earning a profit (assuming you're trying to)? How many incoming links does Yahoo say you have? What about in Google's webmaster tools?
Also make a few notes on how you might be able to improve the value of your blog within those areas (not just if you may want to sell it in the future, but because the more value it has, the more likely it is that you're maximizing it for yourself!). You don't need to put a dollar value on your blog - instead look for ways that (no matter what its value is now) you can improve the value over time.
I'll be taking a look at WebWritersGuide.com today and doing this kind of evaluation. I'm going with this one because it's one of my newer blogs, hasn't earned much (if anything) yet other than this month (and when looking at income, go with the last few full months), and is the vehicle for promoting my new e-book series (so I obviously want to maximize that blog's value, traffic, etc.). I'll post back here with some of the things I come up with tomorrow.
While I don't expect you to nit pick your blogs and then share the details, I hope you'll share some of your broader thoughts or goals - such as something you realized you're not currently doing that you'd like to start. Think of this as your early New Year's resolutions for your blog(s).