In previous examples(Part 1, Part 2, Part 3, Part 4, Part 5), I walked you through the logic that shows that you can pay for Dragon NaturallySpeaking in just over a half a day, with the extra earnings that you would receive if you write for textbroker.com. Dragon NaturallySpeaking can help you type so much faster, that you can earn a lot more money per hour.
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In this article I’m going to walk you through another scenario, focusing on how much more money you could earn if your blog earns money from Google’s Adsense program. Now with Adsense, the amount of money that you earn for your writing is not paid on a per word basis. It’s paid either based on the number of visitors that view your articles (CPM) or based on the people that click on ads on the same page where your article is published (PPC).
Regardless, the more people and traffic you have, the better your chances for more conversions and earnings with Adsense.
Bad Fishing Analogy – More articles, basically equates to more hooks in the lake to catch earnings.
So what can faster typing speed capabilities do to help you earn more money from Adsense?
First, Let us list some assumptions for this scenario. We will assume that an Average Traffic Blog has the following characteristics.
· CPC earnings of $0.31 per click (this can depend on site topic)
· Each article written generates 1,000 page views during the first 60 days after publication
· Articles are on average 200 words long (long enough to be unique and be recognized by Google Search as unique)
· Articles will see a click through rate of .0041 or 0.41%
So if a person writes 5 articles totaling 1,000 words in length, those 5 articles should generate 5000 page views x a click through rate of .0041 = 20.5 clicks x $0.31 = $6.36 of earnings!
Wow! Stop the presses you are earning big bucks now. J Just kidding, that’s actually the wrong attitude. Google pays you to advertise on your site and pays you when your advertising is effective. If you are generating 1,000 page views per article, that is not bad but not super effective and so you can’t expect much for compensation. At these levels, you can probably expect to improve, because you certainly are not failing. J
However, if you write more articles, your site in general will bring in more total page views and some of that traffic will even look around your site, read more, and maybe subscribe. Your page views will grow and your Adsense earnings will grow as well. Not to mention your earnings from other forms of advertising will go up also!
To make a good business decision, you have to determine how to get there from here.
You have to find a way to generate more articles -> more page views –> more earnings.
One component of the cost of those articles is the time you spend writing them. If you type at 35 words per minute for 50 minutes at a stretch taking a 10 minute break and then repeating that process for 4 hours, You will have written 35 articles of 200 words at the end of 4 hours.
Publishing those articles based on our assumptions will generate 35,000 page views. Those Page views will generate 144 clicks, and that will earn you $44.78.
That’s a little better than $11.20 per hour. Not internet famous or rich, but you can add that to your sites other earnings from companies like PayPerPost or PayU2Blog.
The key is that it took you 4 hours to write 35 articles at 35 words per minute.
If you use Dragon Naturally Speaking you could write 150 articles in 4 hours with 10 minute breaks.
That would generate 150,000 page views translating into 615 clicks and earnings of $191.91 or about $47.98 per hour, which again can be in addition to your other earnings from the same site off the same articles!
It also happens to be about 5 times more than you would earn if you only type 35 words per minute.
Now Dragon Naturally Speaking 10 costs between $99 and $199. (discount and promo accounts can save you $25 and $50 respectively if you buy before December 31)
So if you can earn an extra $36.78 per hour with Dragon through Adsense, Dragon will pay for itself after 2-3 hours if you buy the basic version without the discount code and 5-6 hours if you buy Dragon Naturally Speaking Preferred without the discount code.
That’s pretty much a no brainer!
Consider also that during those 5-6 hours you spend writing to pay for Dragon Naturally Speaking, you will have brought in over 200,000 page views to your site, and many of those articles can earn a great deal from additional blog advertising and monetization options!
Now, for a reality check. Odds are you may not be able to sit down and write article after article for more than an hour at 150 words per minute. But the articles that you can write can be written much faster than you could before, and you CAN use that time to do many other things to grow your site and your earnings.
Well if you could type at 150 words per minute with Dragon NaturallySpeaking, and you currently type at 35 words per minute, then you could earn about $36.78 per hour more!
Reminder – This would assume that you could type articles nonstop at a hundred and fifty words per minute for fifty minutes. For most of us, that doesn’t mean a whole lot.
But to put this in better perspective, if you wrote 9 articles, and those articles were each 200 words long, then you would have written a total of 1800 words.
- 1800 words can be typed in 50 minutes at 35 words per minute
- 1800 words can be typed in 12 minutes at 150 words per minute
Dragon NaturallySpeaking can essentially save you 38 minutes when you write nine articles.
Now with those additional thirty-eight minutes, you can spend more time:
- promoting your blog,
- networking with people,
- researching other projects,
- taking on other work from other networks
- Sell advertising on those very same articles for $5- $20 per ad in an article!
- At just $5 per article that’s $45, and that will pay for the Preferred version of the software after 4 hours of work.
Your average part-time blogger could easily pay for Dragon NaturallySpeaking with the additional profits that they would earn from using Dragon NaturallySpeaking on a site monetized with Adsense in just 5 hours of work.
A half day of extra work gets you a pay raise of $36 / hour! 🙂
Plus just think of all of the time, that you would now have to make yourself and your site even more successful!
Or download the full report in this pdf white paper
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