Entrepreneur’s Monthly Revenue : Back it up!

Did you ever come across a young entrepreneur’s blog where the author has posted their monthly revenue? If you’re like me, you have come across many of these blog posts and were left wondering why the author posted these significant numbers without any supporting information as to how that money was obtained or the underlying processes that were involved in brining about that revenue.

I really can’t understand why so many young entrepreneurs do this. It usually begins by some reader asking the author to post their revenues. Many times, the author will gladly post a screen shot of their credit card or paypal deposits and that’s just about it – they neglect to show how that money was actually made. Furthermore, they don’t provide any information that would educate another entrepreneur on how to make money just like they are.

But what really, really angers me is when someone asks the author to explain how they obtained such success and they simply ignore the request or say that they “don’t share financial details.” Ha, well if you don’t share financial details, then why the hell did you post those monthly revenues to begin with?

My feeling is that many of these entrepreneurs – you know who you are – feel the need to showboat and brag about how much they are making. Does this really boost your ego? In fact, I also think that some of these bloggers are straight-out fabricating those screen shots of bills in an effort to make themselves seem super-successful when they really are not. Heck, without information to back up the numbers, then I’ll always be left skeptical.

Simply posting screen shots of your revenues doesn’t impress me or most serious young entrepreneurs looking to learn how to make money on the net with their business.

Want to know what’s really impressive? It’s impressive when the business owner/blogger goes the extra step to not only post those monthly revenues, but to actually document and show the processes of how that income want obtained; the decisions that were made and the ideas that were implemented that lead up to those numbers. Numbers alone don’t mean shit!

Com’on guys…. Isn’t entrepreneurship-blogging all about sharing what you know and educating entrepreneurs on how to succeed just like yourself? Please, correct me if I’m wrong.

I’m not saying that you have to spill your guts and share all of your secrets – that’s just insane! I’m saying that if you’re going to be posting numbers on your site, then why not go all the way and back those numbers up with content. Doesn’t that make sense? When you half-ass it we never really gain a true understating of how you made that money and how we can apply your success to our own businesses.

I don’t know… maybe I’m wrong and bloggers shouldn’t be forced to back up their numbers. Or maybe I have a point and bloggers should do everything they can to help and educate other young entrepreneurs on how they obtained success. Maybe there is a middle-ground somewhere that I didn’t address.

What do you guys think?

7 Responses to “Entrepreneur’s Monthly Revenue : Back it up!”

1

Well, I read these blogs all the time and never noticed anyone mentioning their income sources. Dave, maybe it’s just a few cases that you’ve encountered.

Honestly, who cares what other people do. The way I see it is if you don’t like what they do, then just don’t do it and forget about it. Don’t let it get to you. You can’t control what other people do so why bother worrying about it. Focus on yourself! That’s at least how I try to live my life.

2

Yea, I have never seen a post like that either. Lets see some links. If your going to call people out, at least link to them, and drive some traffic their way. Even if its negative traffic, im sure they wont mind.

3

Thanks for the comments, guys!

Liana, it doesn’t bother me as much as you may think — doesn’t keep me up at night or anything. My main point is simply wanting to “learn” from these entrepreneurs and gain insight into how they are pulling off such fantastic numbers. What can I say … I hunger for knowledge ;)

Eric, I’d rather not call anybody out — that’s not the goal of this post. My motivation for writing this post was to gain understanding and constructive opinions from other entrepreneurs who may have also experienced this — or who can help me understand why this happens.

4

I can’t help but feel that this post was directed at me! Although, I doubt you’ve read my blog since it’s very new (and my recent entry). I promise to share you some stories of how I got there as soon as I feel safe in doing so. :)

5

Hey Spencer. No, this entry is not directed at you…but reading your most recent entry yesterday motivated me to write this, yes. Being that I only found your blog yesterday and I have no doubt that you are going to follow-up with some supporting content with that monthly revenue post…. I actually have full confidence in your blog and what your business. I can’t wait to read some of your methods! The thing that disturbs me is when businesses owners completely neglect to respond when someone asks them to backup their numbers…. you, on the other hand, responded within the hour.

6

I’m actually happy to see that my blog has motivated someone to do something. :) The problem for me in revealing my methods is that I have a few hundred hungry competitors that follow my website like a hawk. They even buy accounts with my business to follow it from a customer perspective and see our methods of support, sales, and billing. It’s crazy! Therefore, it’s just harder to go into details. I’m going to see what I can do in a few months, though, once we’ve completed our business revamp.

7

Dave,

I completely agree. In fact, I would definitely go a step further and say there’s not much room for numbers in a blog at all. No one needs to know your exact figures - not your friends, relatives, employees, blog readers, etc. Aside from business reasons (going public, requesting funds, etc), your numbers should remain private. At best, giving them out helps your own ego. At worst, it creates enemies. But if you just forget about the numbers, and instead talk about your values, methods, opinions, day-to-day operations, etc, then people will start to get an idea of how successful (or unsuccessful) you really are anyway - the only difference is, they just may learn something and have more honest respect for you in the process.

Anthony

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