After almost a year of IM it's time to face facts: I'm not achieving anything. I'm reading too much, doing too little and taking shortcuts that end up biting me in the ass. Hopefully starting this journal will light a fire under my ass, by making my inaction/failures more public.
A small list of my failures for some quick laughs:
- Bought a site in a niche I wasn't really interested in. Result: Recovered roughly half of my investment before a series of penalties dropped my traffic by 90%.
- My "authority" site gets 3k visitors and brings in €20/month. After almost a year and ~60k words of unique content.
- Bought an EMD list, only built three websites and got two of those penalized. The third one is my only (small) success story and brings in ~€25/month and rising.
So, it's time to get serious and start building something worthwhile with long term viability.
My plan of action is to build a real authority site this time. At the same time I'll start one or two small e-commerce sites to bring in money in the shorter term.
Authority site:
Taking lots of cues from Grindstone's epic thread: http://www.wickedfire.com/enlightened-members/152480-how-create-authority-site.html
- Main homepage keyword has 65k/30k exact global/local searches per month
- My two silo's/categories will both be focusing on a 100k+ exact local searches/month term.
- Pages will be focusing on keywords ranging from 1k-100k local searches.
- Keywords that don't really fit with the general style of the site will get their own post on the blog.
Done in the last few days:
- My old domain was an informational longtail .net with ~300 exact global searches a month. So I bought a new domain, keyword+noun.com where the noun is directly related to my monetization plan.
- Got Genesis + a premium theme and customized it. Still need to get a header/logo made.
- Currently I'm in the process of condensing and rewriting my old posts before moving them to the new domain. There are almost 200 posts and some of the earlier stuff is pretty bad so it's taking a while.
E-commerce:
Following the great advice in Thuxen's thread: http://www.wickedfire.com/products-...-make-money-tangible-products-e-commerce.html
Researched a number of niches and settled on two promising ones.
The first one is a single product with ~1k local searches. It's a small market and the competition is pretty bad with a SerpIQ in the low 30s. Depending on which merchant I decide to buy from, the average profit/item will be €50-€100. That includes free shipping, two free accessories and still undercutting the cheapest competitor by 10%. Ordered samples from three different manufacturers through Alibaba. One has arrived and is looking good, but it is by far the most expensive option. Another sample is in transit and the last will take a week or two as it wasn't in stock.
Second niche is a line of ~10-15 products with ~2k local searches. Small niche within a fast growing market. Competition is non-existent with a SerpIQ in the low 20s. Net profit is ~50% with the items ranging from €30-€300. Found a great merchant for the second niche, but the initial investment will be 3k+. So I'll be focusing on the first niche to get my feet wet.
For now I'll be focusing on building the authority site while waiting on all the samples to arrive.
I'll try to update this journal at least once every one or two weeks. Hopefully these updates will be shorter, less disjointed and have working urls.
A small list of my failures for some quick laughs:
- Bought a site in a niche I wasn't really interested in. Result: Recovered roughly half of my investment before a series of penalties dropped my traffic by 90%.
- My "authority" site gets 3k visitors and brings in €20/month. After almost a year and ~60k words of unique content.
- Bought an EMD list, only built three websites and got two of those penalized. The third one is my only (small) success story and brings in ~€25/month and rising.
So, it's time to get serious and start building something worthwhile with long term viability.
My plan of action is to build a real authority site this time. At the same time I'll start one or two small e-commerce sites to bring in money in the shorter term.
Authority site:
Taking lots of cues from Grindstone's epic thread: http://www.wickedfire.com/enlightened-members/152480-how-create-authority-site.html
- Main homepage keyword has 65k/30k exact global/local searches per month
- My two silo's/categories will both be focusing on a 100k+ exact local searches/month term.
- Pages will be focusing on keywords ranging from 1k-100k local searches.
- Keywords that don't really fit with the general style of the site will get their own post on the blog.
Done in the last few days:
- My old domain was an informational longtail .net with ~300 exact global searches a month. So I bought a new domain, keyword+noun.com where the noun is directly related to my monetization plan.
- Got Genesis + a premium theme and customized it. Still need to get a header/logo made.
- Currently I'm in the process of condensing and rewriting my old posts before moving them to the new domain. There are almost 200 posts and some of the earlier stuff is pretty bad so it's taking a while.
E-commerce:
Following the great advice in Thuxen's thread: http://www.wickedfire.com/products-...-make-money-tangible-products-e-commerce.html
Researched a number of niches and settled on two promising ones.
The first one is a single product with ~1k local searches. It's a small market and the competition is pretty bad with a SerpIQ in the low 30s. Depending on which merchant I decide to buy from, the average profit/item will be €50-€100. That includes free shipping, two free accessories and still undercutting the cheapest competitor by 10%. Ordered samples from three different manufacturers through Alibaba. One has arrived and is looking good, but it is by far the most expensive option. Another sample is in transit and the last will take a week or two as it wasn't in stock.
Second niche is a line of ~10-15 products with ~2k local searches. Small niche within a fast growing market. Competition is non-existent with a SerpIQ in the low 20s. Net profit is ~50% with the items ranging from €30-€300. Found a great merchant for the second niche, but the initial investment will be 3k+. So I'll be focusing on the first niche to get my feet wet.
For now I'll be focusing on building the authority site while waiting on all the samples to arrive.
I'll try to update this journal at least once every one or two weeks. Hopefully these updates will be shorter, less disjointed and have working urls.