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Showing posts with label Passive Income. Show all posts
Showing posts with label Passive Income. Show all posts

Tuesday, June 21, 2011

Make Money With Clickbank


So you wanna start making money with ClickBank? ClickBank.com is probably the easiest and most used product network on the web. You can sign up and have an account as quickly as today. There are thousands of products that you can resell in just about any niche you can think of.

Clickbank makes it easy to get an affiliate link for a product you would like to sell and they handle all the payments between you and the seller. So no worries about a seller shafting you on your fair share of commission. They send checks or direct deposits out twice a month. I've never had a late payment from ClickBank, they have always delivered!

Avoid Costly Mistakes
One of the big mistakes that beginners make is they try to sell a product with way to much competition. Sure these products may convert well and are very popular, but you are fighting with too many other affiliates for sales. If you are late to the show then you may end up fighting an uphill battle for traffic. I like to look at products that no one is selling, why? There is no competition and the product creator may have done poor job trying to recruit affiliates for their product. We can look at how many people are selling a product by looking at it's gravity. If the gravity is below 3o, then not that many people are selling the product. If it is at zero, then nobody is selling the product.

Testing
If the sales page looks good and I think that it will convert, I will invest a bit of time to see if I can get sales through that product. What you need to do is create a webpage or free blog talking about the article, this will act as your sales funnel to the product's sales page. Here you want to write a 400 to 500 word article discussing the product and how it can solve what ever problem it may be targeting. Put inline links in the article pointing to the product's page then have a call of action at the end of the article that also points back to the product.

Traffic
Now you will need to get traffic to your blog/website to see if you can get this product to convert. I typically have pre-written articles for various niches, if you don't you will need to invest some time writing some articles to submit to article directories.

Places to submit your articles to,
ezinearticles
goarticles
squidoo lense
hubpages

There are many article directories out there, so send to various ones and see if you get any traffic from them. After we have some articles submitted we can wait a few days and look at our clickbank analytics to determine how much traffic, or hops, we are sending to the product. If you send 100 people to the page and none of them convert, I recommend moving on to another product. If you get just a couple of sales then I recommend scaling up the traffic. Mass submit your articles to as many directories as possible to really boost the people you are sending.

The Lion's Den
If you find a product no one is promoting and it does convert well, typically I have found that you can OWN the product's keywords. The exact name of the product and hot keywords that would include review, reviews, scam, best, and etc. These are buyer keywords, they may even be people who have looked at the product in the past but now they are in a buyer mode. This is how you leap frog all the other affiliates.

It is definitively harder to make money with ClickBank with so much competition but we can help simplify it by testing products that no one is pushing. By making money with ClickBank we can create another income stream that is essentially passive income once you have made it profitable. You can set it and forget it while you move on to your next product.

Tuesday, May 31, 2011

Building Niche Sites


Building your first niche website is your first step to building a passive income. There are too many niches, sub niches, and micro niches out there to name them all so there are many opportunities for you to make money online.

Finding A Niche
First step is to find a niche that you can start building a website in. Is there a niche that you are passionate about already? Consider yourself an expert at something? Maybe it's car repair, home remodeling, brewing your own beer, etc.. Find something that you enjoy writing and talking about so that way you don't find yourself burned out down the road. If you want to be successful at making money online you have to start out enjoying what you're writing about. You wouldn't want to write about cooking food when you hate cooking.

Finding A Domain
Once you have found the niche you want to build a website about, you will need to do some proper keyword research. You will need to find a keyword that receives some good traffic in the niche that you are targeting. I would recommend using SEO Book's keyword tool or Google Keyword tool to find keywords that receive good traffic every month. The reason why you are looking for a good keyword in your niche is so you can find a keyword that you can match up with your domain name. If you want to rank in Google for a keyword that receives a ton of traffic then you need to target that keyword by buying a website domain name that has the keyword in it.

Exact match keyword domains are the best for search engine optimization and are easy to rank for. If you want to write about the dating niche and a high traffic keyword might be "Pickup Lines for Women" then you would want to buy a website domain like, pickuplinesforwomen.com or bestpickuplinesforwomen.com. This will give you an easier time ranking in Google for that keyword compared to websites that do not have the keyword in their domain name.

I buy my domains through Godaddy.com, I recommend searching for an online coupon if possible, then I transfer the domain to my bluehost web hosting account. Blue Host is a great hosting site that is fast and is super easy to install WordPress from. Install WordPress then start writing up some useful content on your site. After you are finished with the content you will need to get your site indexed by Google, I recommend Bulk Ping's fast index tool. This tool will get your website indexed within 30 minutes.

Monetization
Once you have the site built you will need to monetize it. The easiest monetization method is signing up for Google Adsense. For the quickest adsense approval method I recommend creating a blogger account and setting up a fake blog with some content. Then apply for adsense from within that account. You can typically get your account approved within a couple days. It's much easier to use a blogger site to get approved compared to a private domain. Once approved put some ads on your site so you can start having some income coming in.

Also, look for affiliate offers you can promote. Head over to clickbank.com and sign up for an account. Look at the marketplace for products that are in your niche that you can promote. Post clickbank ads or write reviews for these products.

Ranking in the SERPs
Next is ranking in Google to build some organic traffic to your website. Remember that keyword you were targeting? We want to build backlinks to your site using that keyword. We can target that keyword by creating hyperlinks with the anchor text of our keyword on other websites. This gives your site credit within Google when it calculates keyword rankings for a given keyword. You can do this by writing articles and submitting them to article directories or by commenting on blogs in your niche.

If you want to read up more on article marketing and other methods of traffic generation check out two of my previous posts on the subject,

Profit?
Once the traffic comes rolling in then that when you make your profits. Once a niche site is profitable you can either sell it or let it build passive income. If you go the passive income route you will want to quit working on the site when it becomes profitable then move on to building another site in another niche. This is a rinse and repeat method that can create multiple streams of income over and over again.

Sunday, May 29, 2011

5 Types of Online Passive Income


Today I want to discuss the 5 types of online passive income that you can build for your websites. Passive income is the best type of income that you can build, in my opinion. Who wouldn't want want to make money while you sleep!

Initially there is some hard work involved but the reward is a huge payoff. I think most of us would gladly work hard for a month or two only to be paid for that work every month afterwards. I highly recommend building multiple income streams from different sources. If you start making money from one source, then start working on another. The advantage of having multiple income sources is the ability to absorb a hit financially. If one stream dries up or does poorly, you have many other income streams to keep you afloat. This is why it is crucial to build multiple streams of income to secure your financial future. There are a few different types of passive income that we can target so let's take a look at them.

  1. Affiliate Marketing - This is probably the most used typed of passive income out there. Affiliate marketing is where you sell other people's products for them and for every sale you receive a commission. This is where you would build an e-mail list or website that targets a specific niche then begin selling products to your targeted visitors. This typically includes reviews of these products to help assist your visitors with their buying decisions. The biggest affiliate networks you can sign up for are clickbank.com, amazon affiliates, or cj.com.
  2. Selling Ad Space or Adsense - Online advertising is one of the most used revenue generators out on the web. Similar to affiliate marketing but you build websites for specific niches that have the potential to generate a large amount of traffic to. The hope is your visitors will click on your advertisements making you some nice cash each day. Google Adsense is one of the biggest ad networks you could join.
  3. Product Creation - This is what I consider a step up in the internet marketing world. This method is when someone wants to build their own informational product and sell it through their website or another medium. Product creation is as simple as someone building a product that they consider themselves an expert at, which can be in any niche. We are all good at something, think about something you may be good at that you could create and sell.
  4. Referrals - How about that product you just created? Wouldn't it be nice if other people started selling your product for you? You could just sit back while an army of affiliates run around the web promoting your product. If you can recruit the affiliates and possibly super affiliates, you could see a major win fall.
  5. Membership sites - Create your own membership site in a niche you're passionate about. Build a private portal with secret information about your niche that people would be hungry to see. The key is to release new information each month that will retain your clients. There is an overwhelming amount of people who completely forget about some of their memberships and will pay the subscriptions for months before ever visiting again. It's definitely not something to be overlooked.
Building multiple streams of income is the biggest thing you can do for your financial future. Even if you stick to one of these 5 methods you can still diversify between income sources. Say you were only going to target affiliate marketing, you could sign up for three separate affiliate networks so you would have multiple sources of income. The most important thing is not to put all your eggs in one basket.

Wednesday, May 11, 2011

Starting an Online Business with Zero Investment


What I love about the internet is that anyone can make money online with zero investment. You can create a blog and start making money online immediately. Now, to make money immediately you do have to have some experience and know how to drive traffic but we will save that for a later post. I wanted to talk about some of the free options out there that can help you build a passive income site in 30 days.

Creating a free blog site at blogger.com or wordpress.com is the easiest way to get your start online. I recommend blogger over wordpress but that's just me. Blogger is very easy to use and has more customization/hacks available compared to wordpress. They both have their limitations compared to owning your own site but there are many workarounds and will typically fit the needs for running a full featured blog. Plus, if you want to go get your own domain, you can buy one through Google apps and have it pointed to your blog so you can have a cleaner .com or .net URL.

You can always start with a basic theme that comes stock with blogger but I highly recommend finding a premium theme that looks professional. Now I know what you're thinking, "Jay! I thought we were going the free route?" Well we are, head over to Premium Blogger Templates, this is hands down the best free templates for blogger. You can find just about any niche template on this site and even if you can't find one, there is many standard templates you can customize.

Looking for a graphics editor? I use an open source piece of software called Gimp. It's a high quality graphics editor that is comparable to Photoshop and it's fairly easy to use. I use it to create my banners, logos, and photos for my website.

Need to make videos? I recommend either Jing or Camstudio. Either one will allow you to record your screen so you can show tutorials or record a slide show that you want to talk over. Some of the easiest videos are using powerpoint slides as talking points and talking over these slides.

If you don't have Microsoft Office, no worries, you can get OpenOffice for free! It looks just like Microsoft Office, prior to '07, and has nearly all the same features. I use OpenOffice to create my slide shows for my videos and for writing my e-books and newsletters. It can easily convert documents to PDF, so I highly recommend it.

Monetizing your site is easy, especially if you went with blogger for your site. Inside blogger you can apply for an ad-sense account and the Amazon affiliate program. It's very easy with blogger to implement these programs into your blog. The next easiest method is signing up for clickbank.com and looking for some products you can promote on your site.

Signup for accounts for Google Analytics and Google Webmaster tools. These can help you track where visitors are coming from, what they are looking for, and where they are roaming your site. Very useful information which can help you build your site.

Look forward to another upcoming post on free traffic generation methods that will help you get your blog really moving.

Monday, April 25, 2011

Building Passive Income is a Dirty Job


There is NO Magic Bullet to making fast money online. It all takes hard work! So don't get caught up in magic bullet system or push button solutions. You are just getting scammed out of your hard earned money! If it sounds too good to be true, it likely is!

The methods I share on this blog are methods you can implement in your free time in the evenings. Eventually your hard work will pay off as long as you stick with it. Whether it's article marketing, providing an online service, building your own blog, or affiliate websites you will see growth over time. For anyone wanting to quit your job and become your own boss, internet marketing is a great business to get into.

The best bet in staying interested in internet marketing is jumping into a niche or niches that you are passionate about. Dog training, fitness, relationships, gadgets, technology, software, books, etc, there are big niches, sub niches, micro niches, and so on. There are endless possibilities on where you want to focus your strengths.

I got my start in the video game niche, I created a blog about a certain aspect of a highly popular online video game. I gradually built a lot of content and used some methods to generate a large amount of traffic. After I started ranking well in Google and my content was being republished on other sites, I started making some nice income online. It wasn't enough to quit my job but an extra $1000 a month was nice money to help pay bills and have some extra play money. I plan on going into more detail on my first site in the near future on how exactly I pulled this off.

I have since ventured into other online ventures but they all have taken hard work. Now once you start making money you can begin reinvesting that money but I'll talk more about this in an upcoming post. Don't get frustrated and hang in there, IM is a long journey but if you stick with it you will reap the rewards. Running your own blog or selling your own product could be your ticket to financial freedom and a low stress life. Goodluck, I only wish for you to succeed just as I have.