Making money online is not that difficult.
But yes, it does take time.
And hard work.
Despite the fact that I’ve been doing this now for nearly 5 years, I’m still learning. And yet, I keep coming back to…
Or, niche sites.
Who is a niche site for?
1. The person who likes to write and maybe likes the idea of “blogging” for a living. Now, blogging is an incredibly poor way to actually make money, and I’ll get into the why in a future email.
2. Someone who is looking to build a piece of small web “real estate”, and has the capital to outsource the writing (the most time consuming part) of the endeavor.
What I mean by this, is that a small and profitable website can sometimes resell up to 20-30x it’s monthly earnings (this has risen in recent years). This means that if your site is bringing in a grand a month of income with little maintenance work, you could reasonably fetch $20-$30k for it at an auction; obviously this depends on many circumstances and is an estimate.
That’s if you’d even want to sell it.
Me thinks an extra $1,000 a month with little work is a nice little asset to hold on to.
A blog takes an unbelievable amount of time and is one of the most thankless things in the world.
If you look at the numbers, they’re depressing:
* If you get 1,000 visitors a day to your site, how many will truly buy something?
* How many will even give you an email address? (REAL addresses, not fake ones)
* How many would click an ad if you decided to throw some Google Adsense banners on there?
* How many will share a post on Facebook or Twitter?
* How many will come back?
Answer to all of the above:
It’s a numbers game. Just like pickin’ up chicks.
However, a targeted niche site where you are going after people who are already looking to buy, and simply need that push over the edge – is far easier and requires far less time. With a blog, until you have an audience, nobody cares.
Remember that everybody is simply looking out for themselves in life.
Unless you happen to have the exact solution for their exact problem, you are unlikely to convert that visitor into bottom line. It takes a blog, especially in today’s saturated market, hundreds of pieces of content and months (if not years) of dedication to begin to get traction.
Whereas with a niche site (which can be a “blog” if you pick a topic you like), you can easily get traction within a month if you do things right.
In any case, I’ll be opening up “Pro Niche Site” this Friday, which teaches you all about how to do this effectively.
There will be at least one, maybe more, former student who is continuing onward to assist new students in the process.
(Plus many many other bonuses…)
Keep an eye out.