This is an excerpt from a white paper discussing how bloggers can earn more money through several different monetization and freelance writing services. It shows that bloggers that utilize Dragon Naturally Speaking can earn more money through these various services and how fast these extra earnings will pay for the software itself.
Dragon Naturally Speaking 10 Blogger Break Even Analysis with Average PayPerPost Earnings
Basically, Dragon NaturallySpeaking can help you type so much faster, that you can earn a lot more money per hour.
In this article I'm going to walk you through another scenario focusing on how much extra you could earn if you wrote for PayPerPost.com and you had a single average blog. Now at PayPerPost.com, the amount of money that you earn for your writing is not paid on a per word basis.
PayPerPost.com offers up opportunities, they call them opportunities, but you can also think of them as piecework or a job, and these "opportunities" typically have a minimum word count. The minimum word count is typically 200 words for your average article. In general the average article at PayPerPost on a high earning blog pays about $8.3. Sometimes they pay a little less, and sometimes they pay a little bit more, and a few go to extremes on the positive side.
Now if you are paid $8.3 to write a 200 word article, then that breaks down to about 4.2 cents per word. That is about 6 times more than what you can make at textbroker.com. I mentioned that only for comparison purposes, because PayPerPost.com limits you to writing three articles per blog per day.
That means that you cannot write at PayPerPost all day long for your single blog. (If you have additional blogs, you might be able to write additional articles on those other blogs.)
Tip! – You can write your three articles at PayPerPost, write some additional articles without any sponsors in between those articles (as is required), and then write some articles at PayU2Blog, and when the work is exhausted there, you can write some articles at TextBroker.com! The trick is working for the company that pays you the most first, then moving on to the next highest margin provider, over and over again.
You will see in the case studies with Adsense that writing MORE articles is actually good for building traffic to your blog!
But if we assume, just to have a comparison to our textbroker.com example, if we assume that you could type articles at PayPerPost for fifty minutes straight, earning 4.2 cents per word, and you could type 35 words per minute, you could earn $72.88 dollars per hour at PayPerPost. Now obviously, you cannot take 9 articles on a single blog in a single day, but this does point to the rate at which you can earn things with the work that is available. That $72.88 would be the earnings you could make from about 8.8 Opportunities at $8.3 per Opportunity.
So bear with me again with this example. :-)
So what can faster typing skills do to help you earn more money at PayPerPost?
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 $239 per hour more! (Dragon only costs between $99 and $199 remember!)
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 earned $72.88 from writing about nine articles, and those articles were each 200 words long, then you would have written a total of 1800 words.
• 1800 words can be typed and 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
• build up a new blog to command $8.3 per article!
• Go write some articles for PayU2Blog
• Go write some articles for TextBroker
• Go write some articles to bring in more traffic and earn more money through Adsense!
You can pocket your $72.88 from twelve minutes worth of work. You can then spend the rest of that hour, working to ensure that the blog you publish those on performs very well. But the point is this, Dragon NaturallySpeaking can save you so much time, that it will pay for itself very quickly.
Your average part-time blogger will easily pay for Dragon NaturallySpeaking with the additional profits that they would earn from using Dragon NaturallySpeaking in less than 1 hour worth of blogging through PayPerPost alone. :-)
Plus just think of all of the time, that you would now have to make yourself and your site even more successful!
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Some other points to note:
1. Full white paper is available at: Softduit.com
2. You can get 25% off Dragon Naturally Speaking 10 Standard