Wednesday, January 14, 2009
Making Passive Income With Minimal Niche Sites
My passion is finding simple lazy ways to accomplish my goals.
For example, one of my dreams is to visualize myself collecting passive income from a lot of different static websites.
It's another form of diversification. It may be hard to hit a home run with a super popular site, but it should be easier to hit multiple "singles".
Lots of sites consistently earning $10 - $100 can add up.
As a first attempt, I put together four simple informational sites:
Make Money By Creating Websites and Selling Them
Developing Static Websites in Wordpress
Super Affiliate Success Tips
Discover a Free Method To Drive Traffic To Your Website
For the first site, I signed up with Weebly, which let me set up the site free, using their site building system.
For the other 3 sites, I modified the minimal text website design I used for my Stock Trading Riches website - which I created using Mozilla's free SeaMonkey suite.
I monetized these four sites with Adsense and a few affiliate offers. Then, I drove traffic to them through social bookmarking and article writing.
I ended up taking down the four sites because I decided to discontinue using Adsense as an income stream. The four sites were not making as much money as my Stock Trading Riches site - which sells my investing book.
So, I realized that most of my profits and satisfaction have come from selling my own expertise and products.
I don't consider the sites "wasted" because this is the beginning of a learning process and I'm sure I will go through more sites and iterations before I end up with a system I can run with.
For now, the end goal is still to have a "automated machine" system where I collect passive income from sites. But now I think the sites should be selling my own products to brand and build up my business.
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