I do agree that a few of these ideas are not bad, but for me the problem with some of these platforms has been that I’m not from the USA. So, I can’t operate there. It’s a really interesting possibility to get some extra bucks from doing what you would do either way, like shopping. One of the best projects so far that I have seen is FluzFluz. It’s simple and really easy to use for everyone who uses Uber, Amazo, or other apps. The best part of all is that you can get some passive income – not just from your own purchases, but from other people’s as well. I hope one day it will make it here to your list. I think it’s worth it to check out.
Blogging is still going to take work starting out. That path to $5,000 a month didn’t happen overnight but just like real estate development, it build up an asset that now creates constant cash flow whether I work or not. I get over 30,000 visitors a month from Google search rankings, rankings that will continue to send traffic even if I take a little time off.
You could start a niche website about a specific breed of cat. Another option could be a YouTube channel reviewing dog chew toys. Or you could start an authority site about caring for exotic birds. You could also go offline with your niche business by starting a pet sitting service. Pet owners in some cities are willing to pay up to $100 per day for reliable pet sitters.
10. Commission FactoryThe purpose of Commission Factory was to make performance-based marketing available to everyone and not require a steep learning curve in order to get involved and be successful. The platform has been designed to foster a spirit of collaboration between Merchants, Affiliates and Agencies in order to grow mutually beneficial and prosperous relationships. Because they have little to no barriers to entry Commission Factory has an enormously fast growing user base that enables companies of all sizes to discover the power of performance marketing.
How to monetize this site: Some things people will likely buy from a local store which can set up the bow for them. These may include the bow itself and arrows. However, there are tons of accessories you could sell as an affiliate on your website. You could link them to Amazon and get a cut of the sale for targets (and 3d targets), releases, bow cases, tree stands, etc. All of these items are over $100 and would give you a substantial affiliate commission.
Self-Fulfillment: Self-fulfillment is a great option for sellers looking for 100% control of the shipping process and lower costs. This is a giant undertaking, depending on your business model. You must have a warehouse to store the inventory and the resources to handle today’s shipping expectations. Fulfilling orders is time consuming and can become a burden as your business grows. Only choose this option if you want complete control of the fulfillment process and have the resources to do so.
This is a great list Stuart and it would take a lifetime or two to try to get to all of them. I currently have a mini network setup to create authority sites and I'm wondering if anyone would be interested in being part of the network to run their own niche category. You can almost think of it like a franchise where you are part of the whole where you get all the tools and resources necessary to get up and running and I'll offer the ongoing support as well as growing the brand to get you the traffic. It's a new idea I have and looking for anyone that may be interested.
You can find dividend stocks using Google Finance Stock Screener which is free to use. Set the search criteria for the P/E Ratio, and Dividend yield (shown as a percentage) criteria. You can set minimum and maximum values; in the dividend yield box, set it between 2 and 100. This will search for stocks that pay dividends worth between 2-100% of the current stock price.
My goal with this site is really only to write about 25-30 pages with information as I learn about boats and do customizations to my boat. I’m also adding a forum. Forums seem to be very popular with boat owners so I’m anxious to have others generate content for me. I don’t have huge plans for this site, but I’m sure it will bring in a few thousand a month if I don’t fizzle out. This is going to be my fun project for the next little while.
BTW, I think the whole “near me” thing would work pretty well for terms like “chinese food near me”, “pizza places near me” etc., as you could monetise with JustEat/HungryHouse affiliate links (pretty sure they have them?) – e.g. someone searches for “chinese food near me”, hits your site, and sees something along the lines of a “XX chinese restaurants currently deliver to you. Order now at JustEat!” either as a pop-up or before the actual listings themselves.
He is the co-founder of Neil Patel Digital. The Wall Street Journal calls him a top influencer on the web, Forbes says he is one of the top 10 marketers, and Entrepreneur Magazine says he created one of the 100 most brilliant companies. Neil is a New York Times bestselling author and was recognized as a top 100 entrepreneur under the age of 30 by President Obama and a top 100 entrepreneur under the age of 35 by the United Nations.
Market Health promotes more than 200 different health and beauty products, operating in more than 100 countries. The site is a little different than most on this list, as it hosts multiple different affiliate programs, rather than promoting products directly. Still, they are associated with many popular products, including Garcinia Ultra Pure, Green Coffee Bean Max and Bowtrol Probiotics.
How to monetize this site: I would definitely go the route of the online course. Make a four month marathon bootcamp. When people buy your online video training, they get the videos of you showing them how it’s done. As an email course, you can set this up so they get email reminders when they are on day 20 what their running schedule should be, etc. You could earn money in a lot of different ways with this site. It would be excellent for sponsorships, but also Amazon affiliate sales and video courses. Heck, even an eBook could be really good for this niche. The door is wide open.
Great article Glen! I wish I saw this when it came out 2 years ago! I recently bought a number of .com’s for a couple of the niche’s you covered here. That’s encouraging, as that particular niche still has some nice numbers and not as saturated as it seems. I’m also happy to hear you like the rank and rent model, and I think a couple of other projects are now going to go in that direction. Thanks for all your great material.
Frankly, I do not care whether there is a site on the same topic as one I’m building. My most profitable website is a photography website. Not any specific niche of photography. Just photography in general. Guess what? I wasn’t the first photography site. There are hundreds of thousands of sites about photography! It really doesn’t matter. Even if someone else has a “better” site than mine, some people will identify with me, like the way I write better than other sites, will find my site first, etc. You don’t have to be the only one in a niche to make a site work. Not at all! In fact, I have had more success building sites in busy niches than in empty ones. The fact that people are there means there are potential customers and visitors there.
"For long-term savings, investing in low-cost index funds is the ultimate passive strategy," Goudreau says. "As legendary investor Warren Buffett recently told CNBC’s On the Money, 'Consistently buy an S&P 500 low-cost index fund. I think it's the thing that makes the most sense practically of all time.' By not picking individual stocks and, instead, buying a low-cost fund that tracks the market, you pay less in fees and take less of a risk. Then you can sit back and watch your money grow over time."
While residual income can be used to describe the amount of net income after all costs are paid down, it also refers to the amount of money you continue to generate after your initial work is done. There are countless ways to make money, but some are much more time-intensive than others. Active income, for example, refers to when you directly act or perform a service for money, including salaries, wages, tips, commissions, and income from a business you’re actively involved with.
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1. The batting cage idea is very risky. I’ve seen many of them close over the years and it is not anything close to passive income if you want to keep the business going. You have to continually promote it and target youth leagues, coaches, schools etc to catch all of the new players who grow up and want to play. I’ve played at probably 8 batting cages over the years and 7 of them closed.
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Came here with a preconceived notion but left with totally different mindset. Was wondering when looking at searches per month what would be the minimum you would consider? I feel you are going to say depends on niche. Second question, I have never thought of a directory site, how do you go about monetizing? Simply charging for a link? I have a bunch of decent domain but not enough time in the day it seems. Any advice greatly appreciated
Another way to learn digital marketing is to learn it on the job. In some situations, it can be somewhat easy to get a job in the digital marketing field and then learn how things work. For example, you may take on an internship or an entry-level position that requires little to no experience. Although learning digital marketing on the job can certainly be helpful, especially if you’re a hands-on learner, most of the people miss out on the latest changes and strategies if this is the only way they are learning about digital marketing. Also, there are a lot of terminologies in this field; if you don’t learn what these terms mean from authorized sources or through your professional training, then you may end up making some unavoidable mistakes that could potentially set you back, or even worse: cost you your job.
In addition, you must know how much you want to earn by joining affiliate programs. Will it be your main source of income or just an additional one? For the first scenario, you should consider promoting products that are expensive and, consequently, that can bring you a good profit. If you plan on the second scenario, you can opt for affiliate programs that pay for sign ups or affiliate programs that pay daily.