The Start of the Passive Income Niche Site Journey
Well here we go, the start of our journey into creating a passive income online.
Creating a Passive Income online isn’t necessarily a difficult thing to achieve. The biggest problem with creating an online passive or residual income is deciding which business model you want to achieve this with. You see, there are literally hundreds (if not possibly thousands) of varying strategies and techniques to achieve the same goal, so therefore this first post is all about the self discussion as to which business model we are going to channel our efforts into to achieve our ultimate goal of having a ‘job replacement’ passive income.
The first thing I really ant to discuss is the end goal, for without an end goal (or should this be an interim goal) we are really just driving in the dessert without a map, and a compass. We would have no idea where we are going, or even when we got there, let alone the possibility that we could end up going round and round in never ending circles actually going nowhere.
Right then, I’ve decided for the purposes of this particular niche site that the initial goal is going to be $100 per month. Once I reach this goal, I will review the site and it’s potential to determine whether or not it is better to;
a) Keep adding content and growing it into an authority site, and accordingly grow its earnings further, or
b) Put it into maintenance mode, and try and replicate this with another niche site
The other possibility might be that no matter what I do, I might have selected a bad niche site to build, and that it really doesn’t have a great deal of potential. (It happens) Therefore, I’ve also made another decision that after 4 months of consistent efforts, if the site isn’t achieving any notable rankings, and also it isn’t making a dime, (plus or minus a dime) over that 4 month period, then I will either quite it on Flippa (if it has a value) or I’ll let it go, and move on to another niche site.
Having said that, my intention is to follow the business model, whereby I will monetize it with adsense, possibly CPA, and relevant affiliate products. Depending on the niche site, I might also decide to create a product, or ebook to include for sale on the site. Likewise, I will also be trying to build up a list associated to this niche.
Well there you have it in a nutshell. That’s my plan at this stage. I’d love to hear your comments, and, if you’d like to follow my progress, then please join my list, and watch this whole thing unfold together .
