These are just a few of the concerns that are often discussed on passive income forums and searched on Google about Niche marketing. But remember these things:
- Niche websites are still here; in fact, most of the online entrepreneurs start their online businesses with niche websites and microblogs. Furthermore, they are going to stay for a long time, and as long as Google and other search engines give preference to good content, niche websites are going to earn lots of money.
- Niche websites are not the slowest passive income source. In fact, they are among the most reliable and the most versatile passive income sources. With the help of a reliable and pragmatic strategy, you will be able to make it a multi-purpose earning platform.
- Niche websites are not an unreliable passive income source. Those who do not adopt a pragmatic strategy, and those who create unrealistic goals, fail miserably.
Just imagine; you are on holiday while your bank balance is increasing!
Are you ready to learn about this most versatile passive income idea?
What is a Niche Website?
The most focused websites are known as Niche Websites. These websites are designed and constructed to conform with SEO (Search Engine Optimization) techniques. There are two important aspects of niche websites:
- They focus on specific information.
- They provide useful and interesting content to the readers.
The Most Important Parts of a Niche Website!
I strongly believe in prioritizing money and profit over all other things when it comes to passive income. However, I adopt a different strategy with niche marketing.
The people to content relationship is the most important part of creating and managing a niche website. In niche marketing and niche content writing, the primary focus is on the consumers and readers. And in order to attract the attention of your readers, you need to keep in mind the three most important aspects of niche websites:
- The website offers unique and original content. Remember, the Internet contains loads of information, and the visitor must have already visited a number of platforms before landing on your website. Why would he or she stay on your website if the content is commonplace and does not offer anything new?
- The subject and theme of the website must be very specific. If the theme is not specific, the search engines won’t send a targeted audience, and you will not be able to attract deserved attention.
- You know how important it is to have specific and defining keywords for your niche website! How Niche Websites are Different from All the other Passive Income Ideas
Benefits of Niche Websites
Just imagine having a website of your own with an independent blog, embedded social media accounts, and connection to over three affiliate marketing programs! Isn’t it a dream come true?
Niche websites act like a platform from where you can operate all other passive income programs. Although we are only giving a few of them, the benefits of having a niche website are enormous.
- You can have as many niche websites as you can operate conveniently.
- You can run your blogging, YouTube, affiliate marketing, Podcasting, and several other passive income sources on your niche website.
- You can convert your niche website into an e-store.
- You are done with one of your websites, however, you don’t want to close or abandon it because of the huge incoming traffic, and the effort that you have put into it. Don’t worry; you can sell your running niche website on platforms such as Flippa. The process also works by flipping websites; especially if it is associated with Google Adsense.
How Can You Make Money with Niche Marketing?
Don’t you want to be that lucky guy who is earning $500+ per month through niche websites alone? And how fascinating is the idea of earning a big chunk of $1000+ at the time when you decide to sell your niche website!
Here is how you can earn more money with your niche website: Niche websites provide an excellent opportunity for affiliate marketing. You can post ads and banners as well as encrypt links within the content. Amazon and ClickBank are excellent sources of affiliate marketing through niche websites.
You can earn by writing reviews, articles, and small blog posts. Google Adsense is another great source of earning through your niche websites.
Private advertising is also an excellent source of earning. Most of the private businesses are keen to advertise their services on a niche website.
Are you ready to create a source of passive income that will keep your bank balance increasing, even when you are partying?
Here is the step-by-step process of building a niche website
Step 1: Brainstorm Niche Ideas
The very first step is to decide on the niche. Keeping in mind your interests, note down all the ideas that come into your mind. Narrow down your search;
- Can you write 100+ posts on this topic?
- Can you do reviews?
- Does the topic offer good affiliate programs?
Read My Other Articles on How to Find a Profitable Niche Site Idea
Step 2: Set Up Your Website
The easiest way to set up a website is to hire a freelancer on oDesk or Fiverr and get your own website along with a domain name in no more than 24 hours. Interestingly, the entire bargain will cost you no more than $20.
There are many reasons to choose WordPress for Your Niche Marketing website for Example Easy to manage Backend platform, SEO, free Plugin, and themes etc. Click here to learn more on How To Setup WordPress website blog.
Step 3: Content Creation Plan
It is vital to plan for writing and updating fresh content on your website. You should make an initial target of uploading 100+ articles on your website or, 3-5 posts every week until you achieve the desired ranking on search engines.
Step 4: Keyword Research
In the world of niche marketing, content creation and blog writing, you will come across several types of keywords. Normally, the content of a website is designed in accordance with three types of keywords:
- Primary Keywords
- Secondary Keywords
- LSI (Latent Semantic Indexing) Keywords
Another important aspect is that the keywords may be one, two, or more than three words. There are also long-tail Keywords, also known as key-phrases.
Keyword Research Tools:
Keeping in mind the importance of keywords, I suggest that you utilize reliable tools that will help you find appropriate keywords for your posts. Here are a few of the reliable keyword searching tools:
Some Tips on Using Keywords
- You must have two to three primary keywords that you will use in all your posts.
- You must search secondary keywords separately for each of your independent posts.
Niche: Sports Gear
Primary Keywords: Sports Gear Online, Sports Gear Reviews, Best Sports Gear ( Topic: How to get Best Tennis Gear ) Secondary Keywords: Best Athlete Apparel, Best Sports Shoes, Affordable Online Sports Gear, etc.
- Keyword density (Number of times a keyword is used within the body of the article/review) must not exceed 2-3% for the primary keyword and 1% for the secondary keyword.
- The title must contain the primary keyword.
- Keywords must be present in the first line as well as in the last paragraph of the content.
Step 5: Promote Your Website
Now is the time to let the world now about your website. You can use the following platforms to advertise your website:
- Through Search Engine Optimization (SEO) Backlinking
- Email Marketing
- Social Media Marketing (Facebook, Twitter, Pinterest etc.)
Be Innovative: There are probably hundreds of people already working on the niche that you have chosen. How can you be noticed in such a large pool of already established websites?
The answer is simple: because you are going to be innovative! Because you will write what people want to read and because your content will be close to the heart and mind of the readers. Give people something new and different, stay away from conventional topics, and the market will be yours!
Podcast Marketing is different to all other marketing channels because it allows the target audience to connect with you and your product in a unique way. With the help of a podcast, you penetrate into the personal space of an individual. According to research, people listen to podcasts on their laptops, mobile phones, iPods, car stereo systems and MP3 devices. Just imagine how powerful the magical spell of the podcast is, plus, when you launch your own Podcasting app you will stay in touch with your prospective audience, even when they are not reading your blog, watching your YouTube video, or clicking on your affiliate marketing links.
Let’s have a look at the comparisons below:
Podcasts vs. YouTube:
I am a successful YouTuber, can I become a successful Podcaster?
Yes you can !
Podcasting is certainly different to YouTube. Besides, we rarely hear or study cases of individuals who are doing both things right. This is why:
- Podcasting is completely different to YouTube. Although podcasts are sometimes made in a video format which looks and sounds similar to YouTube, the strategy used for podcast promotion and ranking is very different to YouTube.
- On YouTube you have to open and operate your own channel.
- You will get clear cut statistics of how many views you are getting, as well as where the traffic originated. Podcasts, however, are published on apps and websites (e.g. iTunes, RSS, and Android apps).
- You can convert your YouTube videos into audio/video podcasts. Podcasts costs less than YouTube videos, and they are created easier and quicker than the same length YouTube videos.
- Podcasting covers a broader spectrum of audience because it is on iTunes, is distributed through RSS, and is heard on the iOS (Operating system) as well as the Android App.
- You can sell your Podcasts.
- Audio podcasts are more popular than video podcasts and YouTube videos, website because they can be heard while on the go, carrying out a chore, and surfing the internet.
Podcasts vs. Blogging
Do You Know? The majority of people simply do not read your content beyond the topic and headlines. (Scary isn’t it?) How will you get to these people? How will you convey your message to this faction of customers?
The majority of people simply do not read your content beyond the topic and headlines. (Scary isn’t it?) How will you get to these people? How will you convey your message to this faction of customers?
The main difference between blogging and podcasting, is that in blogging, people read your content, whereas, in podcasting, they hear what you want to convey. In both these Passive income ideas, content plays an important role. Here is how podcasts are different to blogging, and how you can earn more and get higher exposure with podcasts:
- To write a persuasive blog post you need a talent for writing. Whereas, nearly all of us can verbally express our emotions with the rise and fall of our voices, which makes podcasting a win-win situation.
- While writing, you can sometimes cross that fine line, and your post becomes embedded with too much advertising, without you even realizing it. Conversely, in podcasting, you can control what you say, and you can deliver a verbal message in a highly persuasive way.
- You can post your podcast as a blog post.
- With blogging, you can get the reader’s attention for around 3-5 minutes, and if the content is super cool, they can stay as long as 8-10 minutes and read a post of 1000+ words. On podcasts however, you get the attention of your listeners for an average of 10 – 15 minutes, and if the listener really connects with your content, he or she can stay as long as 25 – 40 minutes (the average length of a podcast).
Is Podcasting the Best idea to Make Money?
There is no such thing as the , and best money making Idea for Passive Income. Passive income is a strategy that comprises different tactics and techniques, and podcasting is definitely one of the best.
Why should you choose podcasting along with other money making ideas?
Podcasting allows you to distribute your content on various platforms; you can use it on iTunes, mobile devices, websites, blogs; and as recorded radio broadcasts. Hence, they allow you to connect with your audience on a whole new extended level. Your connection with your customers will not end right after they are have come off their laptop. With podcasts on Android and iOS, you will become an integral part of their everyday life.
You can use podcasts as a Con: and effective marketing tool, especially when you are building your own brand. Podcasts could become your best friends while you are branding your Passive Income business.
5 Reasons Why You Should Use Podcasts to Make money as a Passive Income
Whether you want to connect with the public or want to build a cyber home base for marketing another person’s business, product or service; or you are working on a greater plan of branding your own online business, podcasts can be the right tool to achieve the target/s.
As for as passive income is concerned, anyone who is seriously thinking of utilizing a reliable source of generating hundreds of dollars of steady income, will never overlook the importance of Podcasting.
Determination, enthusiasm and the right strategy are imperative for success. Here are the top five reasons why you must include podcasting in your list of passive income sources:
1. Get the Unexpected Visibility
With the help of Podcasts, you are able to enter a completely new world of passive income. Remember that blogs and affiliate and social media marketing are all content oriented and that they require the target audience to “read” the content. On the other hand, podcasts are easier to understand as they are heard, and do not require a lot of visual effort.
When you upload a podcast on iTunes, you will get the attention of a completely new class of audience. If they like or believe in what you say, they will willingly follow you on other platforms, for example on your blog or social media accounts. And from there you can direct the traffic to your affiliate marketing campaign. See? This is how a comprehensive, inclusive and well-integrated Passive Income Strategy is implemented!
2. Learn about the Popularity of Your Business/Niche
Some people prefer reading blogs while others do not like spending hours hurting their eyes. Just open any of the podcasting apps, particularly those that belong to your niche, and you can see comments that are appreciating or depreciating. , is a sign that the business or the entrepreneur is making right connections and is attracting the attention of his or her target audience. Furthermore, the number of downloads also indicate how successful the podcast is with the target audience.
Let’s put it like this: podcasting helps you realize two important things:
- Your popularity with your target audience
- The opportunity of attracting more of your target audience.
3. Build an Intimate Relation with Your Target Audience
People listen to podcasts with earphones, so with the help of a podcast you directly whisper into their ears; could it get better than this? None of the other marketing techniques build a more intimate relationship with the target audience than a podcast. Those who become regular listeners will make you a permanent part of their life; they will listen to you while doing work as well as while sitting idle, they will listen to you when iTunes. want advice, and even when they seek a companion.
Now it all depends on you how you plan to utilize such a precious space.
4. Re-Purpose Your Content
Being a blogger myself, I know that there are always some blog posts that we want to expand and re-purpose in a different way. For example, you may want to expand a Self Development blog post into a more comprehensive account with some historical background and practical suggestions to overcome common personality flaws.
Thus, a podcast is an excellent way to expand some of your old blog posts. We do not suggest that you to take all your blog posts and then read them out aloud like a school lesson. Instead, the content for re-purposing should be carefully chosen, some additional trimmings and additions should be made, and the recording should be excellent quality.
5. Make Money Out of Your Podcasts
Pat Flynn of Passive Income Ideas, and John Lee Dumas of Entrepreneur on Fire, are literally earning a four to five zero figure income from podcasting alone. You can earn your share by doing affiliate marketing, promoting your products and services, and following other strategies defined in detail later in this chapter.
4 Reasons Why Podcasting is Considered a Super Start Passive Income Source
1. Because it Allows You to Interact with the Audience for a Long Period of Time
Podcasts are normally 35 minutes to 1 hour in length. Nothing else: not a blog or social media post, nor an affiliate marketing link, will allow you to stay connected with your audience this long. Even YouTube videos cannot keep a listener/viewer stay connected with episodes as long as a Podcast.
This long time is an opportunity to both deliver great content in your mesmerizing voice, and to monetize your podcast by recommending affiliate links or promoting your own services.
Besides, many of your listeners might turn into regular clients! Do You Know?
Pat Flynn of Passive Income Ideas landed a Hollywood project just because of his awesome Podcasts. Yes!! It can get this cool!
2. You can Turn Podcast into eBooks!
You can collect your top ten podcasts and turn them into an eBook. You can either sell this eBook or use it as an affiliate program. As if earning directly from Podcasts isn’t enough!
3. It Does Not Create a Dent in Your Budget
Myth: You need a sophisticated system to create a podcast or else it won’t get accepted by iTunes, neither will it attract attention of the listeners.
Reality : To make a podcast you do need a modern microphone and recording system; however, you do not need to spend hundreds of dollars or get a sophisticated system like an FM radio station! The product should convey clean signals, and that is all you need.
4. You can Sell Your Podcast
If you can promote other people’s products and services through your podcast, why not promote and sell your own podcasts? Apart from earning money, this will also help you establish your own brand.
Is Podcasting an Expensive Endeavor?
Whenever an online novice entrepreneur thinks of making his or her own podcasts, several myths and discouragements are issued to scare and disappoint. But just consider this: if podcasting was as expensive as propagated by some apologists, it wouldn’t have been one of the most popular features of Passive Incomes.
Let us show you some of the myths associated with Podcasting and their reality check.
1 . Myth: Podcasting is very expensive; you need to invest $1000+
Reality Check: Today, making a podcast is as easy as creating a video or audio recording on your mobile phone. Smart phones, computer software, and podcast hosting websites have made the life of a novice podcaster much easier.
2. Myth: You have to spend 20+ hours to make a professional Podcast
Reality Check: Time is the most expensive commodity, and we will never suggest you spend an entire day on making, producing, recording, editing and distributing your podcast. All this is now done in just one click: log on to a website, register your account, upload your podcast, and there you go!
3. Myth: Only amateur and inexperienced Podcasters use Podcast Hosting websites
Reality Check: This is simply absurd. You need to realize that today the chances of success are higher for those who work smart; hard work is nothing without smart thinking, pardon me for this! Veteran internet entrepreneurs use these smart and quick tools for making and uploading podcasts. In fact, they are smarter than the rest of the propaganda machinery, which is why they are already making thousands of dollars; and trust me on this; soon you are going to be one of them!
4. Myth: You have to pay more $$s as the number of your listeners grows.
This is because of the increased bandwidth and storage space that your podcasts will occupy on hosting websites.
Reality Check: I mean seriously? This one myth makes my mind dizzy. In this age when everything is on cloud, and the competition between the service providers is cut throat, will the host website risk its reputation and lose out to the competition just because of bandwidth and storage space? You have got better options than this; trust me and keep reading.
5. Myth: You can only make big in Podcasting if you have got reliable Sponsors
Reality Check : You are very lucky if you are able to attract some good sponsors; however, it is definitely not a sign of success. Neither is it mandatory to do in order to achieve it. And who knows, some day you might get the attention of sponsors if the quality of your podcasts is impressive enough! Be positive my friend.
Why Podcasting is Not Expensive:
Podcasting is not very expensive; actually it may cost you nothing if you have registered your account on a good website.
Mostly, new podcasters are worried about the sound quality of their podcasts, and for this reason, they try to choose the best sound recording equipment.
However, in reality you can get the best quality sound equipment for under $250. The good news is that you can use your smart phone to record, edit and upload your podcast. Websites like Talkcast allow you to podcast anywhere, anytime.
Therefore, there is no need to create a separate recording room. You can do fairly well while on the go, why waste time and space?
Can I Outsource Podcast Creation?
Outsourcing is less doing, more living; therefore, I have always been too eager on outsourcing some of my tasks while doing the most challenging parts myself.
In the case of making Podcasts, YES you can outsource the work to a freelancer on oDesk.
However, before jumping to the happy conclusion of someone else doing your work, you must keep in mind the following:
- Podcasting is not a one-step endeavor; it’s a gradual process involving many steps and many technical details. Therefore, before you outsource your work to someone else, you must do all the research yourself. Remember, if you are not a master of the field, you might not be able to pinpoint alleged mistakes present in the work submitted by the freelancer.
- Discuss the project in detail with the freelancer that you choose.Tell him or her your vision about the niche; also, you must suggest tools and equipment that should be used in creating it.
- Indulge in detailed discussion sessions with the freelancer; ask him or her to do SEO keyword research before writing the content.
- Discuss in advance which part will be done by the freelancer, and which part you will be doing yourself.
- Ask for revisions if needed.
How to Make Money with the Help of Podcast
Podcasting has become a lucrative business; just look at how celebrities are using it to connect with their fans. Buy now let us introduce you to some of the tried and tested ways of making money with Podcasts.
- Most of the podcasters mention special products, services, and companies in their podcasts. For example, in a Learn English Language podcast, you might hear about an app that can help you increase your spoken language fluency. The Podcasters then charge the respective company mentioned in the podcast and make money from it.
- Podcasts often contain affiliate links and product recommendations. In fact, a podcast is an excellent tool to promote Blogging and Affiliate Marketing.
- As a podcaster, you can also promote your own services and products in your podcast.
The Business Out of Podcast Directories
We already know that podcasting is an amazing way to attract the attention of an audience that you will not find anywhere else. However, the phrase “Podcast Directories” may be new for some readers. Let’s put it like this: you have created your podcast, and now you are searching for a place where you can get the attention of your target audience, what will you do?
One possible solution is to post the podcast on your blog/website, follow all the SEO, social media, and other Internet marketing techniques, and get the attention of the listeners. But, what if I tell you that you can actually get the attention of millions of enthusiast podcast listeners without investing much of your time?
What are Podcast Directories?
Podcast Directories are just like articles directories (Ezine, HubPages etc.). They contain podcasts on almost all niches, whereas other directories put emphasize on particular niches, while restricting others.
How Podcast Directories Charge? All Podcast Directories charge differently, however, the following give a lump sum plan.
- Charge for Storage and Bandwidth
- Charge only for Storage
- Charge only for Bandwidth
- Unlimited Bandwidth and Storage on Monthly Payment Model
- Unlimited Hosting Opportunities
Pros/Cons of Podcast Directories
Let’s have a look at how these Podcast Directories are helpful for a beginner and why you should use them. When the podcasts refer the visitor back to your website/blog you will get extra attention. The traffic that comes to Podcast Directories is completely different from the traffic that you attract through other platforms. There are greater chances of the visitor noticing other content presents on your website; this could be blog posts, videos, affiliate links etc.
Con: There are hundreds of podcasts uploaded on websites every hour, so it might be a little tricky to get the attention of visitors. However, helpful, authentic podcasts with good content always get their due share.
Podcast Directories rank higher on search engines. Therefore, the website that is linked with these directories will also go up on the page rankings. The results could be amazing if you get your podcast launched on a website with a Google page ranking ranging between 6-4!
Con: In order to achieve this you need to do accurate keyword research.
Otherwise, inappropriate keywords will not do any good. Getting your podcast listed in a directory such as iTunes, seriously impresses new visitors, and earns you a good rank on search engines.
Con: You might have to fulfill certain criteria before submitting your podcast with one of the big podcast directories. Some Directories ask you to have at least 2 – 7 podcasts already up on your blog, and so on.
Self Publishing Podcasts: Pros and Cons
Self-published podcasts allow you to bring your podcasts out in the market yourself, without messing your head up with any third parties. Here are some of the features; pros and cons of self- publishing your podcasts.
You get full control of the writing, production, recording, editing, publishing and royalty package; you don’t need to contact any third party and amend your plans and actions according to them.
Con : As a beginner, you might get confused at various stages. Therefore, it is sometimes a good idea to get help from specialized people, to keep the process smoothly flowing. You can outsource work to a freelancer and get your podcast published.
You can use WordPress for publishing your podcasts.
Con: As a beginner you might face difficulties in getting registered on a prestigious website like iTunes. This can jeopardize your reputation, as association with iTunes and all the other similar web directories do not just promise new traffic and extra exposure, it also ensures you secure a place on top of the search engine rankings.
How to Make a Podcast
Let’s start making your own podcast with the help of an easy step-by-step tutorial.
Step 1: Preparations before Starting
Before you start making a podcast make sure that you have done following things:
- You have smartly chosen a title for your podcast.
- You have chosen your Host Name: i.e. Johns Waters, Writer, Self-Publisher, and Online Entrepreneur. This will be used in Podcast Directories.
- A summary of your podcast. Remember that major Podcast Directories will ask you to submit a summary along with your podcasts. Besides, this summary will appear on search engines as well as iTunes.
Therefore, the summary should convey the gist of the podcast, and be short and to the point.
Step 2: The Equipment
- Get a Microphone to record your Podcast.
- You can use Amazon to purchase ones under $100. Download “Audacity”; the software used for recording podcasts without complicated processes.
- Download a LAME file to convert your podcast to an MP3 file.
Step 3: Produce Content for the Podcast
- The content for the podcast must be original and unique.
- It must be SEO optimized.
- You can outsource writing tasks to an UpWork freelancer.
Step 4: Upload Podcast on a Hosting Website
Libsyn is a great platform to upload your podcast. To have a look at the services offered.
Step 5: Adding Podcast to iTunes
Here is the link with the process of adding your podcast to iTunes.
Note that iTunes cannot be used to create Podcasts; however, you can use it to convert podcasts into the file format for all Apple devices.
Do you know, around 77% of Internet users frequently read blogs? Furthermore, around 23% of their total Internet time is spent on reading blogs and surfing social networking sites. The term “Blog” was first introduced in 1997, when John Barger called his website a “weblog and was later shortened to the current term, Blog.
What Blogging Is
Blogging refers to the process of creating, managing, updating and earning, by writing content on a website. The entire process of Blogging, however, is not as simple as the above-given definition might suggest.
Why You should Start Blogging
We all come across articles and posts that tell us that blogging is done for various reasons; most commonly for sharing expertise or gaining recognition etc. However, by conducting a thorough study we can see that the major reason for blogging is to earn money.
Whether a person writes a blog for sharing expertise, gaining recognition, promoting products, introducing a company, or attracting clients, their sole aim is to make money. For instance, when a person shares expertise, he or she is after earning recognition, and once the public start acknowledging them, they will begin giving out recommendations: approvals for purchasing products or hiring services from their company or corporation, and so on.
Similarly, when a company runs a blog, its main aim is to increase its product sales and ultimately increase its revenue. A blog is an excellent source of earning money unless you just want to keep it as a personal diary, an account of the rambled anecdotes occurring in your life.
So before getting started, we must realize that we are here to earn money, and for that, we will need the top most talent to do the job; we will need the most sophisticated tools to run the business (blogging in this case) and the most profitable strategy to operate our Blogs on autopilot.
Types of Bloggers:
Basically, there are four types of Bloggers:
1. The Hobbyists:
They blog as a pastime and leisure activity, spending no more than 3-4 hours per week updating their blog. Their blog posts are usually based on short everyday life accounts and rambling anecdotes.
2. Professional Bloggers:
They take blogging as a full-time job, working as a freelance writer. They may or may not own their blogs, however, they do provide ghostwriting services either individually, or through a platform such as oDesk or Elance.
3. Corporate Bloggers: This is a more combative brigade in the blogging community. This type of blogger is usually associated with small, medium and large companies and corporations. They are responsible for managing company blogs, follow comments, and build up a readership. In some cases, they also work as content marketers. Corporate Bloggers comprise up to 8% of the Blogging community.
4. The Entrepreneurs: Entrepreneur bloggers represent up to 13% of the Blogger community. They run blogs for their own companies.
Aside from the Hobbyists, all the other categories of Bloggers earn a decent living from writing. There are however, huge differences between their incomes.
This may shock you; so let’s have a look at the ballpark annual earnings:
- The Entrepreneur Bloggers: up to $100,000
- The Corporate Bloggers: up to $50,000
- The Professional Bloggers: up to $40,000
- The Hobbyists: most of them do not earn anything
These are just a few numbers collected as an average. Yet, we can see striking dissimilarities when it comes to making money through blogging. Keeping in mind the average income of each type of blogger, now this is the time for you to make your final choice. Do you want to have your own blog, earn thousands of dollars, and spend far less time? Or Do you want to be a subservient writer, who gives hours of his or her valuable time just for peanuts?
You Can Become a Pro Blogger! This is not a joke, all those who are earning hundreds of thousands of dollars aren’t masterminds, neither they are students of Einstein or Bill Gates. They have made their life, and now my friend, it’s your turn!
Content Marketing Trends to Watch out for in 2017
What is Passive Income?
Passive Income is the money that keeps adding to your account even when you are not working. It is defined as:
“a regular income that is added to your balance with very little effort required to generate and maintain it; it is closely related to the concept of “unearned income.”
That doesn’t mean you get something for nothing – it means that you have provided goods or services in the past that continue to produce income today. What is it like to have multiple sources from which streams of income are being added to your account each month, each week, each day or even every hour? It is definitely not day dreaming
There are several reasons: personal, professional, family, love and life, that coerce you to earn, and live a happy and contented life. To give you a better insight.
The Types of Income:
1. Active Income: Income generated from trading your time for money.
Example: Salary, Wages, commissions, Bones, Consultation or Services
2. Portfolio Income: Income generated from selling away an investment a higher price than you paid for it.
Example: Capital Gain, Collectibles, Shares, Currency exchange, Stocks
3. Passive Income: Income generated from your assets without you working for it actively.
The following are just a few reasons why you should focus on Passive Income.
- Passive Income, if done correctly, can give you $1000++ of additional income.
- You can run your business on autopilot; you can outsource your work to others and get the bigger share out of the business.
- Risks are minimal.
- It is cost-effective; you do not need to invest hundreds of dollars.
- You can continue your 9-5 job, business, or whatever it is that you are currently doing. The beauty of being an online entrepreneur is that once you are on track, you can put your entire business on autopilot; just keep checking your bank account!
- Apart from outsourcing work to a Virtual Assistant and a team of professionals, you can track the progress of your business with the help of sophisticated software and applications; there is no need to manage files and bundles of paper, everything is pre-arranged and automated.
The entire process of Passive Income is however, just a bit tricky in the beginning, but the good news is that anyone with a good dedication, right guidance and diligent hard work can establish at least $500+ consistent income in your bank account, every month.
What Types of Income Do You Have and where it come from?, comment below to let us know.
Finding a successful affiliate website to starts with is an excellent idea. You want something that is personally appealing while being profitable at the same time. There are a variety of formulas for finding the right affiliate niche to promote. I recommend you start by exploring your personal interests. Then look for a niche where it’s easy to create content because you like talking about the topic.
Here is a 7-part process for finding a great affiliate niche:
1: Get a Notepad for Brainstorming
I prefer to start with an idea capture mechanism. Carry a small notebook everywhere you go so you can jot down ideas. The key is to write down everything. Record any thought – Even if you only have a slight interest in it. This is important because you never know where a random thought will lead! Writing down an assortment of ideas is a great way to find that perfect niche. Spend a day or two on this exercise. You’ll find it’s not hard to think of dozens of topics once you have the right tool for recording these ideas.
2: Look at Your Personal Background and Interests
Think of the characteristics that make YOU unique. What is your age? What is your racial background? How about your gender, family background, or relationship status? Disability? Sexual orientation? Location? Any obstacles you have overcome in life? We have all been taught to look for similarities within each other. Sometimes though, the best niche idea comes from seeing how you’re different from everyone else.
You should also examine your personal interests. Is there a skill you possess? Can you break down this knowledge into specific action steps? What advice would you give to someone starting out? You don’t even need to be an absolute authority on a certain topic. Many successful online businesses are built by a person who has the passion to learn a new skill. They chronicle their journey and create content around these experiences. Take some time exploring your personal passions. Spend a few days on this exercise and go through your entire life. Think of everything you’ve done and seen. In all likelihood you’ll discover a few topics that will lead to a profitable affiliate niche.
3: Take a look at different marketplace
The key to building a successful affiliate site is to find a profitable product. The greatest idea in the world won’t matter if nobody is spending money. So after compiling a list of ideas, you’ll need to check each for basic profitability. There are many ways to do this.
My suggestion is to go to the Clickbank marketplace and look for instances where somebody is selling information: http://www.clickbank.com/marketplace.htm
Why Clickbank? Clickbank contains the largest assortment of information products and software programs. It has 23 broad categories with multiple sub-categories in each section. There are literally tens of thousands of products offered on this site. So if you can’t find something related to your idea than it’s probably not going to be profitable. Get started by clicking on one of the 23 categories in the marketplace section. Look for products that are related to your core niche idea. My suggestion is to only consider an idea if you can find 3 or more products.
That means it’s making enough money to warrant a little bit of competition. For now, don’t worry about things like gravity, or average $ per sale. You’ll learn about these things when you check out Clickbank’s help section. The important thing is to do a simple test to see if people are spending money in this market.
4: Look for Competitive Niches
This might seem counterintuitive, but I like to pick markets that have existing competition. Like I said, competition means people are spending money. So instead of looking for a ‘hidden’ niche, I feel it’s better to find a proven market where you can create unique content. Yes, you’ll depend a lot on search engine traffic. But you’ll create content in a specific way where it doesn’t matter how much competition a market possesses.
EXAMPLE: When I researched the idea for the Beat Making Software Now website, I realized it was a super-competitive market. All of my tests told me it would be impossible to compete for the search term “beat making software,” but there was a lot of potential for phrases like “how to make rap beats,” “free beat making software,” or “make custom beats.”
My point? Your niche site will largely depend on what’s known as long-tail keyword phrases. So the level of competition is often irrelevant because you’ll create a lot of content that targets a variety of low-hanging fruit. This leads us to…
5: Identify Long-Tail Keywords
In the beginning, your affiliate website will largely depend on search engine traffic. Your goal is to attract people who use Google to get information. They come to your website, read your content, check out your product review, and (hopefully) make a purchase through your affiliate link. The best way to get this web traffic is to create content around the specific phrases that are often used in each niche. You won’t target ultra competitive keywords. Instead you’ll look for longer, multiple word (3+) phrases that don’t get a ton of traffic, but are naturally congruent to the product you’re promoting.
The best place to find this kind of information is with the Google Keyword tool offered through their Adwords program. http://adwords.google.com I recommend you open a free account, so you can get 800 results instead of the 100 that’s typically offered with their External tool. Once you’ve created an account, go to: Tools and Analysis —> Keyword Tool To the left, you’ll see the options for Match Types.
I recommend you de- select the Broad and “Phrase” options. Then select the Exact option. This will provide the best approximation of how often that specific phrase is entered into Google. Next, you’ll take your list of profitable ideas and type in related phrases into the search bar. The goal here is to find a variety of keywords that get at least 50 to 100 exact searches each month. These might seem like a small amount. But they add up when you factor in random long-tail searches and related traffic.
- What I’d get back are these exact search results:
- Travel Hacking: 1,300
- Frequent Flyer Miles: 6,600
- Frequent Flyer Programs: 2,900
- Mileage Calculator: 90,500
- Airline Credit Cards: 3,600
- Sky Miles: 3,600
- Best Airline Credit Card: 2,900
- Credit Card Miles: 590
- How Many Frequent Flyer Miles for a Flight: 260
- How to Get Frequent Flyer Miles: 260
Obviously, it would be really hard to compete for some of these phrases. So you’d probably have to do some digging to find the phrases that don’t have a lot of competition. But generally, I don’t like to worry too much about the “competiveness” of each phrase. I’d rather focus my time on creating content instead of agonizing over specific numbers. With that said, if you’re interested in finding quality keywords that don’t have a lot competition, then you might want to check out Spencer Haw’s Long Tail Pro.
Spend a couple of hours looking at your niche ideas. I recommend you create a list of 100 keywords for each topic. That way, you’ll have stuff to write about once it comes time to build your website. After this task, you should have a ‘shortlist’ of 3 or less ideas. Each one should include the following elements:
- It should be a topic you find enjoyable
- It should be in a market where people buy information
- It should have keywords that get 50 to 100+ exact searches per month At this point, you’ll do one more thing before making a final decision on your niche idea.
6: Spot Multiple Product Opportunities
At first, you’ll only worry about promoting a single offer. But the best way to scale a niche site is to find a variety of products that solve different problems related to this topic. This is important because you’ll eventually want to transition into an authority website. Your goal is to create more content. And the best way to monetize these additional pages is to give readers different options on what they should purchase.
EXAMPLE: Let’s return to our travel hacking example from before. There are a lot of offers I could promote in addition to Chris’s Frequent Flyer Master program. I could easily write reviews about each of the following (which all have an affiliate program):
- The Starwoods Credit Card
- Country-specific rental car deals
- Last minute airline offers through Priceline.com and Orbitz.com
- Travel companies like GapAdventures.com
With a little bit of research, it’s easy to determine that a niche site on ‘earning frequent flyer miles’ can easily be turned into a larger authority-style business. It’s not mandatory to find other affiliate products. Both of the sites I mentioned at the start of this eBook only made money from a single offer. But you should definitely research each idea just in case you decide to scale your niche site sometime in the future.
7: Pick Your Niche Site Idea
Eventually you’ll have to decide on an idea. Unfortunately I can’t tell you what to pick. Really it depends on your personal interests and what you discover during the research phase. The most important factor is your level of dedication.
Can you write 10+ pages of content? Can you create more articles on a weekly basis? Will you enjoy this topic for the next few months? It is possible to build a profitable website on a topic you don’t find enjoyable. But it’s better to focus on something where you can draw from personal experiences. This makes it easier when it comes time to build a website. I encourage you to take time with your decision.
Just don’t get caught in the trap of over-thinking. The worst thing that can happen is you’ll waste time and a little bit of money. Simply focus on the most profitable idea or the one you find enjoyable. Once this is done, you’ll look for the best product to promote. In the next step, we’ll talk about how to do this.