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How I Make Money While Sitting on a Beach
(A Complete Thread)
There's a bunch of ways to make money online
I've tried most of them
Lead Gen, FB Ad Agency, and POD just to name a few
I had varying levels of success(and failure) in each
Here's what works for me today
(A Complete Thread)There's a bunch of ways to make money online
I've tried most of them
Lead Gen, FB Ad Agency, and POD just to name a few
I had varying levels of success(and failure) in each
Here's what works for me today
Building and monetizing niche websites is how I pay all of my bills
A few of the advantages of the niche site model are:
Low upfront cost to start
Free Traffic
No clients to deal with
No inventory
High Profit %
Sounds great! But what are the cons?
A few of the advantages of the niche site model are:
Low upfront cost to startFree Traffic No clients to deal withNo inventoryHigh Profit %Sounds great! But what are the cons?
Like any business, building niche sites isn't all roses
Some of the cons are:
Can take awhile to make money(60-90 days)
Upfront work
Need to have a basic grasp of many different skills
...but if you like to learn new skills and put in effort the ceiling is unlimited
Some of the cons are:
Can take awhile to make money(60-90 days)Upfront workNeed to have a basic grasp of many different skills...but if you like to learn new skills and put in effort the ceiling is unlimited
So what skills do you need to start a niche site:
Understanding of SEO*
Basic Wordpress knowledge
Ability to create good content(or the $ to outsource it)
*As you grow your 1st site you will need to up your SEO skills
Easy enough
But how do you pick a good niche?
Understanding of SEO*Basic Wordpress knowledgeAbility to create good content(or the $ to outsource it)*As you grow your 1st site you will need to up your SEO skills
Easy enough
But how do you pick a good niche?
There's only 3 things I look at when picking a niche:
Are men and women BOTH interested in the subject?
Do people buy digital products related to the niche?
Is the audience likely to sign up to an email list for more info on the subject matter
All 3 must be a YES
Are men and women BOTH interested in the subject?Do people buy digital products related to the niche?Is the audience likely to sign up to an email list for more info on the subject matterAll 3 must be a YES
What about competition?
I don't worry about it b/c I know that over time I can win any niche with my process
The harder the niche is...the higher the reward is when you win
I do suggest picking a less competitive niche for your 1st site so you can get a quicker win
I don't worry about it b/c I know that over time I can win any niche with my process
The harder the niche is...the higher the reward is when you win
I do suggest picking a less competitive niche for your 1st site so you can get a quicker win
Let's talk monetization
There are 4 ways I monetize EVERY site:
Content Marketing
Display Ads
Digital Products
Email Marketing
So here's the deets on each
There are 4 ways I monetize EVERY site:
Content MarketingDisplay AdsDigital ProductsEmail MarketingSo here's the deets on each
Content MarketingThis is just a fancy way of saying "affiliate marketing for sites"
Most people know what affiliate marketing is but here's a dumbed down version:
Recommend a productVisitor clicks on linkIf they buy you get paid a %Sounds easy?
It actually is
Most gurus will tell you to start a niche site, slap Amazon links all over it and start making money
I HATE
this method for the following reasons:
It's lazy(so everyone else is doing it)
Amazon pays shit(avg sub 4% commission)
Amazon's cookie duration is short(24 hrs)
I HATE
this method for the following reasons:It's lazy(so everyone else is doing it)Amazon pays shit(avg sub 4% commission)Amazon's cookie duration is short(24 hrs)
Instead I like finding affiliate offers that:
Not as many people are repping(for numerous reasons
)
Pay out nice commissions(12-25%)
Have long cookie durations(30-120 days)
These affiliate offers are EVERYWHERE!
You just have to take the time and effort to find them
Not as many people are repping(for numerous reasons)Pay out nice commissions(12-25%)Have long cookie durations(30-120 days)These affiliate offers are EVERYWHERE!
You just have to take the time and effort to find them
Display AdsI always start a niche site with the intention of adding display ads at some point
However, I won't litter my site with Google Adsense just to make penniesOnce I hit a certain traffic level I will display ads on my site using either Mediavine or Adthrive
Digital ProductsI love selling digital products on my sites for a number of reasons:
Print Money(make a product once and sell it forever)Cash flow(money hits your account in 2 days or less)Attractive to potential buyers(if/when you sell your site it adds value)
Email MarketingThis is really the glue that keeps everything moving
The old adage "You are only as good as your list" still holds true today
I don't build a site until I have laid out a plan on how I'm going to market via email
So why is email marketing so important?
Here are some of the reasons
that you want to connect with previous visitors via email and why:
Revisit the site(ad revenue, affiliate clicks, digital product sales)
Digital product offers(continue selling, offer discounts)
Direct affiliate offers(more dropped cookies)
that you want to connect with previous visitors via email and why:Revisit the site(ad revenue, affiliate clicks, digital product sales)Digital product offers(continue selling, offer discounts)Direct affiliate offers(more dropped cookies)
How do you build a large email list
to promote to?
It's difficult to answer as it can get pretty complex
My basic method is:
Offer as many different lead magnets as possible
Deliver lead magnet via email
Continue following up via automation sequences(set and forget)
to promote to?It's difficult to answer as it can get pretty complex
My basic method is:
Offer as many different lead magnets as possibleDeliver lead magnet via emailContinue following up via automation sequences(set and forget)
...and that's how I make enough money each day to sit on the beach WHENEVER I want
There is a lot more that goes into it, but I wanted to give a glimpse into how I make my money building niche sites
If you found any of this thread valuable please RT so others can find it
There is a lot more that goes into it, but I wanted to give a glimpse into how I make my money building niche sites
If you found any of this thread valuable please RT so others can find it
FYI my new FREE E-book "How to Start a Profitable Niche Website" is dropping soon
I'm only sending out links to 100 people...
You can get one here
http://monetizedfuture.com/getmycopy/
