Quote: (11-03-2012 06:12 PM)Gorilla Wrote:
Quote: (11-02-2012 04:25 AM)SelfPaid Wrote:
That is one of the reason I started learning how to Invest and Trade. It took me almost three Months to get a site up and running and profitable and Ihadfreelancer who basically did that for a living for me.
still I basically failed after the Panda update I had to rethink my strategies and change my approach to learn a skill that makes Money much much faster.
I am now interested in online business more in an Investment Way instead of building things up using my Time. Since I think it is a great complimentary to other streams of income that I have in other areas.
I am always looking fore ways to build things, and Systemyze them so that they run with minimum Managment and don't take away much Time out of my Day.
1. What would be the average Cost of a Niche site from Start to Finish using the resources you have and excluding you're own Time?
2. What does the average site make Per Month for you ?
I'll reply to four main things here:
(1) @SelfPaid - To have a site make money for you within 3 months of launch is actually really good.
(2) When I refer to affiliate marketing there are two main ways to do it: The first is organic / SEO traffic to your website which takes a while; and the other faster route is PPC (You pay for traffic that either goes directly to an affiliate offer or to your Landing Page and then to the affiliate offer). Although I have organic sites that make money, by far the majority of my income comes from paid traffic. 5 years ago when I started learning affiliate marketing it took me about 9 months of doing it every day to finally start making good money. By good money I mean high 5 figures per month up to low 6 figures. Of course when you go the paid traffic route it's not all profit.
(3) It's hard to answer the q about avg cost of a niche site - it can be as cheap as about $100 if you get the domain, set up your own hosting, use a free wordpress theme and spend some money on SEO; or it can be as high as thousands of dollars if you want a nice custom design and functionality. There is no one answer to that.
(4) Also hard to answer what the avg site can make you per month. Organic traffic and paid traffic sites vary greatly in the amount of income they bring in too.
Basically there are a lot of great blogs and forums about affiliate marketing to really learn it. You also have to put in a lot of time each day testing stuff. I know the dream is to outsource it for a low wage and sit back and collect the money but unfortunately that ability usually only comes after years of doing it yourself. Like most things you have to master it yourself first before you can outsource it.
I think you're looking at this as a possible additional, diversified income source to what you already have with minimal work yourself. Honestly, it will be difficult to succeed that way but your best chance is to go to Flippa.com and buy an existing site that ranks well already but is under-monetized. Once you buy it, outsource the SEO and improve the monetization. If I had to answer your question based on what you've written so far that would be my advice. However, my best advice is to work your ass off for a few months really learning affiliate marketing and then you'll be able to make really good money (hopefully).
Hope that helps.
That is the Reason I choose to stick to my Plan and not dive into Affiliate Marketing.
I allready make good Money and thought I cane treat it like an Investments hiring People who are Proffessionals in each eria but I have down that before and failed since.
1 I first had to manage everything and make sure everybody know's what to do and 2. My Seo and niches guy's got kind of frustrated with the Google update that they didn't offer the Service anymore. That was when I set I don't want to own Company and deal With managing People but Rather invest my Money which get's my a return much faster.
I thought I could treat an Online Site like Real Estate ore an Asset but I am just clearly not the right guy fore it. And the cost beneffit doesen't play out in my Case.
So thank you fore providing information and Respect that you maid it Work fore you'reself....I wish you more Succes but I rather stay and do what I do best which Is Trading the Financial Market's and Investing that Money in a low stress Way. I have allready Invest 1000s of houers working with out a Profit to be Succesful at What I do so I am fine with the Situation now.
Most of the things I am going do now don't realy need my own Skillset since I use other Peoples Skills to make Money I just need to be abit educated and understand what they are doing and that is it.
Doing thing's this Way I accomplish things much faster and have more Time to spend doing other things that are important to me. And if I should choose not to work fore a Year ore two I still make money.
One of my Uncles who moved to Dubai and now lifes in Saudi Arabia set up his Real Estate Bussiness in Africa Nigeria that way.
He used to do everything himeself but know hase people he trusts who go out and find some great deals for him with the right tenants ect and all he hase to say is yes ore now and than Pay.
His Propertys are beeing Managed all he actualy sees is the Money comming in once a Year and that is it.
No dealing with tenants no repairing things that are spoiled ore renovating.
No day to day stuff just being the Captain of the Ship with the Vision fore the company and the resources and People to implement it that is Bayscly the endgoal fore me and I allready have achieved that with Trading and I have the contacts to Achieve that in Real Estate which is the next Target on my List.
I always ask myself what would happen to my Finances if I am not able to Work myself ?
Would they improove or Would they go down ore Would I even be Broke ?
My Money and My Work are not directly Related and that is real freedome to me. And that Is what I decided to create for my Life since Life is just to Valuable to just work fore Money in my Opinion I want Money to Work fore me.