Found this li
Friday, March 15, 2013
One of the driving ideals behind my poker business is the goal of a 'passive income', that is to have cash coming in while I sit on the beach somewhere nice*. In todays post I will air my concerns that there is actually no such thing - that, in fact, my successes will only lead me to work harder and longer hours to achieve even bigger and better future goals.
* actually get quickly fed up sitting on beaches... but you get the idea!
This thought had been floating for a while and always comes to the forefront when I see some minor poker 'names' writing for other websites when they could have made a killing by now by creating a site or two of their own a few years ago. Sure it is nice to get paid for an article, or a training session (or to play poker!), the problem I always have with this is that as soon as you stop (writing / coaching / playing) so does the money. It is like working for a corporation, only without the benefits of a fat salary and company car - to me this is a lose / lose. Sure, some people enjoy what they do, but it is more like a builder who 'enjoys' making brick walls than anything else to my mind...
Anyway, so I'm mulling this over my morning coffee... and in one way I am convinced that by stopping writing for cash and focusing on building my own 'empire' (thanks for coining the phrase for me Scott!!) that some of the 'waste' that I see others partaking in is avoided. If I wanted to leave the poker business tomorrow then they would probably fetch a decent price tag - far more than the total of payments from p5's / Cardplayer et al would have reached. If I stop working on them now then the player base and continua
Here is the rub for me - my mind is 100% focused on making money long-term, on financial security for when I stop writing / creating / translating / expanding those websites. I have aggressive plans underway that will reap huge rewards this year and even bigger more aggressive plans outside of poker for later which are just starting to become a reality now.
Now I am starting to wonder if I will really ever be able to stop for long enough to enjoy the passive side of the income - or whether this is in fact an illusion...
Posted by Mark at 3:35 pm
Rakeback is one of those 'issues' in the poker community which will
Posted by Mark at 3:33 pm
Almost forgot to come back over to PG Poker and announce the all new SNG Planet!
Yep, a new look, a new back end… and a ton of new material. As well as new languages on the way.
We went with Drupal (for any techies out there), a Content Management System which means we can add articles directly to the site without having to go through the creating in DreamWeaver then uploading with FTP routine which has been part of my process for a long time.
The design was created by a Mexican gentleman who works on a lot of gambling sites (I’ll pass his details if any webmasters are interested) and looks much cleaner and fresher than the old style. There are still some parts I am not yet happy with… small things like blockquotes and some tables. These are the minority though. Overall I am very pleased with the new look and hope that this new template will be with us for a good few years.
One of the side-effects of a very intensive couple of months transferring all the pages and testing the new design is that I got a little behind on my writing.
This has now been addressed, and we have a backlog of strategy pieces going up at around 1 page per day. We had to go through the articles one-by-one while changing the site, and identified a lot of pieces which were glaringly out of date.
I recently put up a list of new articles on my SNG Planet blog (my main blog these days) so will not repeat the whole list here.
Be great to see you over at the new SNG Planet… There is lots more planned, including a new widget, Spanish, updated French versions and more.
GL at the tables, Mark