Residual Income Opportunity: What’s good?

How do you recognize a profitable residual income opportunity? Evaluating potential sources of long-term income is part of the process in building your online business. Wasting time and resources on dead ends and sites that don't earn proves to be the nail in the coffin for many would-be online entrepreneurs who become discouraged and give up after initial failures.

But the fact is, there will be failures — large and small –along the way. The key is to minimize them and learn from them so that your success is long-term and far outweighs any previous mistakes.

First realize that the principal determination of success versus failure is yourself. You can stumble across an amazing opportunity, yet flub it because you don't put in the necessary effort to see success. Conversely, you can work tirelessly at what is really only an average opportunity and yet see incredible success based on your steady, long-term efforts. Your own work ethic and the amount of time, research and good old work you put into a thing will be a large part of your success.

Of course, it would make sense to put your efforts into something where your success will reflect the amount of work you're doing. So what do you look for?

• Past success: Have other writers earned well on the website you're considering writing for? Have ebooks on the general topic you're writing about sold well? The past can help indicate the future, but remember that the web is constantly changing. You can break old barriers and a great website of yesterday can go under tomorrow.
  
• Demand: How many people are actively searching for the keywords you are building a website around? How many shoppers are looking to buy the product you want to sell? Don't write a whole site around a topic nobody cares about.
  
• Competition: If there already a dozen well-written sites on your micro niche topic, you might want to look for a less-saturated topic. Are there very few search results for the long-tail keyword you're writing an article series on? Then jump on it!
  
• Attraction: Do you love the new user-generated-content site you found? Are you passionate about a niche topic you'd like to write about? Even if the other aspects don't quite add up, your attraction to a particular site or topic may me all the motivation you need to make it a success.
  

You can truly make your own residual income opportunity in this era of the internet and mobile communication. Now go do it!

Make Sure Your Niche Makes Money Online

It has been a long time since I updated this blog and for my readers, feed subscribers and email newsletter subscribers I am deeply sorry about this. I’ve entitled this post “make sure your niche makes money online” as a reminder to myself as to where to concentrate my energies. It was my goal upon the original creation of this website to keep it up to date and make it an extremely valuable resource for internet marketers. I thought that the make money niche was the key to solving the problem… how to make money online!

Since then, other opportunities have sprung up as a result of this website and unfortunately those opportunities have taken me away from my responsibilities in maintaining this site. Even though the daily visitors has not dropped much in recent months, I have a responsibility to both my advertisers and visitors to make sure this site continues to provide value to the internet marketing community.

I’ve been doing some serious research in regard to keywords and which ones are the most profitable as of late. As my primary sources of income online include, PPC, Affiliate Marketing, Private Advertising and a couple other methods I’ll explain in future articles.

I get contacted on a daily basis with requests for link exchanges, reviews of products and all other sorts of inquiries. Most people think that this website makes a bundle do to the fact that it has such rankings in regard to the key search terms i.e. make money online, residual income, how to make money etc… In reality this website is probably the weakest or lowest earning piece of my blog network, the hours I have invested into content generation and distribution far outweigh and even exchange for my investment in time.

This website however has helped me realize certain key factors in creating a sucessful blog. The first and foremost is the niche. Make money online is simply not one of the most profitable niches out there. To be a profitable niche it must provide one of two things :

1.) Alleviate a pain
2.) Assist in personal development

Even though many of the articles on this site might touch on step one or step two, the simple fact is that this niche is saturated beyond belief. The smart internet marketers have stayed far away from this niche and while the people who weren’t bright enough to catch on jumped into the MMO boat, the people that knew better were off creating huge networks of niche websites in small and undiscovered territories.

A few profitable niches include :

Credit Cards
Acne Products
Diet and Health Advice
Medical Information
Legal Services
Hobbies i.e. Fishing, Golf etc…

Those are just a few to get you going. If you do some keyword research with the Google keyword tool you will quickly find that there are many keywords in the previous niches that pay upwards of $1.00 per click. If you do the math, its not too hard to come to the conclusion that those advertisers mean business and you probably could snag a few privately if your site is even the least bit impressive.

The bottom line is that if you want to create a blog or website that really pays the bills, do the research beforehand and make sure your niche makes money online in the first place.

Tagged as: Make Money Online, Niche Marketing

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My Real Adsense Earnings

My real adsense earnings for March 2010 were $271.01, representing my best month yet with Google Adsense. Most of those earnings, $202 to be precise, were from a single site — the pets-themed website I started about 15 months ago. It has less than 20 pages and most of those don’t yet rank very high in the search engines, but the few that do are bringing in a very respectable passive income month after month.

I’ve seen a steady increase in Adsense revenue this year. As a point of reference, December 2009 showed $123.34 from Adsense, with a nice jump in January 2010 to $169.88 and then February was $195.46. March’s earnings were a nice surprise at more than $75 above February, which had been a record month.

My goal is to increase my Adsense income to $1,000 a month by December of this year. To that end, I’ve been adding content to a few niche sites and securing backlinks to the new pages. One thing that’s been a challenge is figuring out the best way to grow my niche sites — do I focus on them one at a time, or get each of my 15+ domain names online and then add content and promote them assembly-line style? Going back and forth between these two strategies has kind of made my approach a little more haphazard than I’d like.

For now, I’ve decided my top priority is to get each one online with a decent template and five pages of content before adding more pages to existing niche websites or promoting what I already have online. I think it’s important for the sites’ future income that their age is established now — I’ve owned some domains for over a year and that’s a waste if they aren’t being put to use.

Once all of my sites have been established, I’ll add Google Adsense code and some affiliate products and start backlinking. Accomplishing this for each of my domains, and then adding more content to my well-earnings pets site, will help me reach my Google Adsense earnings goal by the end of the year.

How are your Adsense earnings? Do you have a goal for increasing them; if so, what’s your strategy?

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