Quote: (10-28-2017 07:04 PM)VincentVinturi Wrote:
Great post, +1.
I've done a few niche sites in my time and some of them made decent money.
One was a ClickBank affiliate site that reviewed online singing courses. That one did about $500/mo.
Another one was an Amazon affiliate site that reviewed gaming headsets, which is a niche with an insane amount of buyer-focused long tail keywords.
They both got slapped by Google and lost all their income. The Amazon site got slapped with a manual review from Google. If you get one of those, good luck, your site is toast. I spent a ton of time writing articles myself and they were good quality articles and Google just pulled the plug.
So at that point I pretty much decided not to rely on an SEO only business model. So while I think niche sites are cool, you've got to realize that SEO changes pretty much monthly, and the tactics you used to rank for keywords can all of a sudden get your site deindexed, and all of your income can disappear overnight.
That being said, I still think it's a great business model if you play it smart.
Increasing competition aside, I've decided to go on the Amazon affiliate site route.
That being said it seems you can find some gold nuggets amongst a potential mindfield here.
While I'm stating the obvious, with the increasing competition of niches being occupied it becomes a zero sum game.
Additionally I don't want to depend on only one type of online income as mentioned on Kyle's pronichesite video tutorials on why you should diversify your income and my personal mantra to not put all your eggs in one basket.
Quote: (10-29-2017 12:04 AM)redbeard Wrote:
Excellent data sheet.
So I started writing a fuck ton, for practice. Hell the other night I zoned out and wrote 1800 words about NoFap.
Anything you write counts as practice. This forum post counts. Longform Facebook posts, FB group value posts, and even emails count.
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Now, I use emails and Facebook as my writing practice AND lead maturation tactics.
Having an email list is crucial, especially if you're YOU'RE the face of the brand. You have to keep them warmed up and interested in what you have to offer.
Once you have a list, email them constantly. "Gurus" will argue over how much, but 3 times a week is a good starting point. Ben Settle (who I love) emails at least once a day. Remember this writing is also sharpening your writing blade, so do it often.
Cheers.
I would have thought writing for an email distribution list would be reserved for when your niche site has a few blog posts up and running.
Happy to be corrected.
I am in the engineering profession and I used to work in the public sector (civil servant for those from the US), constantly applying for new roles and it required a lot of writing to address the selection criteria for every application, 400 word limit for 5 to 7 questions.
Writing numerous words and tailoring is the easy part it's the experiences that I have to draw upon and the creativity that is the challenge to be honest.
Quote: (10-29-2017 04:14 PM)redbeard Wrote:
Check out Steemit
I'd say in order of priority (from lowest to highest)
3. Adsense
2. Affiliate sales
1. Own product sales
Going by the website if the main figure payout is shown in the equivalent of US dollars then that's very easy money and the author's crypto balance would be boosted significantly. I will test this once I write my first blog post on my own affiliate site.
I'm assuming own product sales are private label.
Considering Amazon is an ecommerce juggernaut I went with them for affiliate marketing but as mentioned earlier it can be a minefield.
Quote: (12-13-2017 01:28 PM)stefpdt Wrote:
For example, if you're promoting products from Amazon Associates, then it will be really difficult to turn a paid traffic campaign profitable. The commissions are too low.
Or worse from a second hand recount where someone got banned from being an Amazon affiliate because they attempted to pad out commissions by linking their site to Facebook advertising.
It is fine to simply post a link to an Amazon Affiliate site without boosting it.
Quote: (12-21-2017 03:51 PM)Ethan Hunt Wrote:
So would anyone recommend a corporate entity?
It would depend upon your circumstances.
In Australia I signed up for an Australian Business Number (ABN) because I've started running a dropship store recently and suppliers/wholesalers demand an ABN.
For dropshipping to the US from another country afaik you'd need an LLC on your behalf. I don't have any further details as I don't dropship to the US.
Income from another source say shares and savings interest would just count as income alongside a dayjob and be taxed accordingly as income as shares and savings interest do not count as a business nor would I require an ABN.
I would have to report all this to my accountant near the end of every financial year.