Post: #51

(03-09-2014 05:20 AM)nomansland Wrote:  I have a multi-author sports blog that gets close to 50,000 hits a month. I barely make $100-200/month, which I definitely need to cover hosting costs as the traffic comes in large bursts (i.e hundreds to thousands within an hour), and I need a server that can handle that kind of traffic. So right now, I am barely breaking even.

I have two other sites that get regular 100-200 visitors through search engines, but don't make much from those either.

Blogging can make money, but it takes a lot of time to get to that stage. Also, you need to be in the right niches to make a lot.

Make a product man...

A $50 product, at a conversion rate of just 1% would get you $250,000 (assuming all hits are unique)... what's your unique hit total?

Of course that's hypothetical but you could definitely be making some $$ off 50,000 visitors a month.

Post: #52

(03-10-2014 10:19 AM)PompeyChris Wrote:  Make a product man...

A $50 product, at a conversion rate of just 1% would get you $250,000 (assuming all hits are unique)... what's your unique hit total?

Of course that's hypothetical but you could definitely be making some $$ off 50,000 visitors a month.

Right now analytics show 40000 uniques.

I have articles posted regularly about football (soccer) and get picked up by news feeds.

I am not sure what product I would make. The ones that would make money with this crowd would be PUA/Dating products and Sports-betting products, but I don't want to promote those there. I am trying to get on more news feeds and get quality writers, so I am trying to be selective.

Post: #53

(03-10-2014 08:12 PM)nomansland Wrote:  

(03-10-2014 10:19 AM)PompeyChris Wrote:  Make a product man...

A $50 product, at a conversion rate of just 1% would get you $250,000 (assuming all hits are unique)... what's your unique hit total?

Of course that's hypothetical but you could definitely be making some $$ off 50,000 visitors a month.

Right now analytics show 40000 uniques.

I have articles posted regularly about football (soccer) and get picked up by news feeds.

I am not sure what product I would make. The ones that would make money with this crowd would be PUA/Dating products and Sports-betting products, but I don't want to promote those there. I am trying to get on more news feeds and get quality writers, so I am trying to be selective.

With sports you have a pretty good target audience of men. I think any number of male related products would be good even PUA type stuff although if you dont wanna go that route you dont have to but any fitness type program you could put together might sell.

Or you could go the route of making a fantasy sports draft guide or a sportsbetting advice type thing. So many routes you could go. If your getting that type of traffic you could probably sell your own ads on buysellads and other similar sites as well and make more than your currently making. You can still run adsense while doing that as well as long as whatever ads you run don't conflict with adsense TOS.

Post: #54

I think a lot of guys on here focus too much on "passive income." A better question is "How do I make enough to live well and have the time and freedom to do whatever I want?"

Or, my perennial favorite, "How do I bankroll 15-20K/month?"

There is a lot of success to be had in certain niches and online. That said, a staggering number of people will fail online, not learn from their failures, and give up.

If I was starting out right now, I'd look into something with high-margins and relatively low startup cost that you can run in a local market. Cell phone repair is probably viable with a small amount of capital. Why local markets? They're much easier to dominate from a marketing perspective. With a bit of strategy and effort, you can take the #1 spot organically, place in the local pack (maps listings), rank a YouTube video, and a Yelp or YellowPages listing with reviews that display in the SERPS.

Yes, it does cost money to get a physical location, but if you know how to negotiate and look around, it's not that bad...just don't get locked into a long-term contract through some commercial real estate agent. There are a number of local businesses or professional who are also okay with sharing space, but that arrangement depends on what you're both doing. If someone is doing it in your town, you can likely do it better, not have to compete on price (always better to compete on marketing), and take a good share of the market.

Working with a core business that makes great $, plus a number of different projects is a great way to go, unless you're looking to fuck off all day.

I enjoy working, building companies, and testing out smaller side projects.

I'm finishing up a book on how to get started making real money--online and otherwise--and may release it here for a more reasonable rate if there's enough interest.

Post: #55

(03-10-2014 08:12 PM)nomansland Wrote:  

(03-10-2014 10:19 AM)PompeyChris Wrote:  Make a product man...

A $50 product, at a conversion rate of just 1% would get you $250,000 (assuming all hits are unique)... what's your unique hit total?

Of course that's hypothetical but you could definitely be making some $$ off 50,000 visitors a month.

Right now analytics show 40000 uniques.

I have articles posted regularly about football (soccer) and get picked up by news feeds.

I am not sure what product I would make. The ones that would make money with this crowd would be PUA/Dating products and Sports-betting products, but I don't want to promote those there. I am trying to get on more news feeds and get quality writers, so I am trying to be selective.

Why not do a betting product? You don't even need to create it... just grab an affiliate link of an existing one and make a post about it.

Post: #56

Lots of great advice in this thread and just as important, realistic advice.

I don't like the term Passive Income, because for most it is not attainable and people get the wrong idea. As pointed out, most passive income, is actually more properly 'deferred recurring income', you put in the hours up front and in the beginning your hourly wage is less than working at McDonalds - MUCH less, but then as you figure things out, your hourly income continues to grow with each passing day, because you now have a system or product which sales, does not depend on your direct work input.

I like the term 'Lifestyle Business' better to cover what most think about Passive Income. Here I am not talking about entrepreneurship or start ups which is a different thing, though a lifestyle business can be a startup too.

How I see lifestyle business is taking advantage of the ease of scalability, distribution and location independence of the internet. You can do that by selling a product, being an affiliate, running a webshop and other things. The most important is that you take the hours in = salary out from a linear scale to an exponential. With a lifestyle business, unlike the consultant or selfemployed specialist, you stop trading hours for money and instead work on creating self sustaining businesses. It really isn't different than creating a business which can also run by itself eventually, but most who do this kind of thing do not want an office or to manage a lot of people.

Personally, I've chosen the affiliate marketing route and done ok with it so far. I made close to no money for the first year and only poverty money the second year and then it skyrocketed. I wanted to quit many times. I like the comment about having to put in the blood, sweat and tears at some point is correct, no such thing as a free lunch.

I am now looking to branch out into other areas of income, such as writing a book or having software developed, both can create 'passive' income streams.

My recommendation would be to figure out what you are good at, then get skills in that area, such as working for someone who does just that, then strike out on your own after a couple of years. Some people may just be so talented that they can skip the whole working process, but I think most would benefit from some mentoring and learning a business from the inside first.

Post: #57

(03-04-2014 05:38 PM)Blunt Wrote:  ^That is a good point.

And there's no reason to not hustle and save while you are in your twenties. You have the energy and the longer you are in this game the greater chance you have of accidentally knocking some chick up. I know when I have a family I don't want to be working 60 hours a week.

There is no reason to save while you're in your 20's if you have no responsibilities such as a wife or kids. You should be hustling and reinvesting your money into risky things. Saving money just for the sake of saving money is a middle class mentality.

Also, it makes me laugh when people say they want "Passive Income." That is such a buzz word... "Passive Income" is usually very active, and must be treated like a real business. Anything else and you're likely just going for some type of pipe dream, or chump change.

Post: #58

Some of the best career advice I've read is to find the industry that pays the best, closest to your geographical area. And then take the least amount of schooling that is required to secure a very well paying position in this industry. Put away your ego and grind.

I only know Canada, so for BC: forestry or move, Alberta: oil and gas, trades. Saskatchewan: Mining, oil and gas, trades. Manitoba: Move you fuck. Ontario: Baystreet, move etc.

Then once your income is nicely secured...what do wealthy people invest in? Businesses and real estate. So buy low cost index funds in these two disciplines and invest every check like a motherfucker. Will you hit 8 figures overnight? Of course not, but you'll hit 7 figures sooner than you think as long as you know how to control your cost of living.

I've never been able to figure out this online internet business fuckery, to me it seems like mirrors, smoke and shadows, but that's probably my loss. However this other path definitely does have the ability to enable "passive" income. And we're talking look at your portfolio once a month to re-invest, or deposit in your bank passive motherfucking income.

Post: #59

As has been pointed out by others on this thread, genuine passive income requires one to either hold or be the beneficiary of income-producing assets requiring little to no ongoing intervention on your part. Hence, securities in sufficient quantities (stocks, bonds, mutual funds, reits, etc.), royalties, and other rights to a portion of some form of income-producing activity or other would constitute the hallmark of genuine passive income producing assets, followed closely by real estate (on the condition that upkeep and tenancy issues be managed efficiently). Of course, acquiring said assets in sufficient quantity is the real obstacle to overcome, and when starting from scratch it is here that doubling down, controlling your expenses, and leveraging any skills or personal qualities that you may have is key to earning the initial "active" income that will allow you to progressively acquire said passive income-producing assets in question. The other part of the challenge involves judiciously selecting which passive income-producing assets to acquire. On a very cursory level, institutional solidity, operating environment, and market position are key when looking at securities, while location is crucial for proper selection when it comes to real estate. Naturally, you should perform your own extensive research on this topic before making your choices.

Post: #60

(03-09-2014 05:20 AM)nomansland Wrote:  I have a multi-author sports blog that gets close to 50,000 hits a month. I barely make $100-200/month, which I definitely need to cover hosting costs as the traffic comes in large bursts (i.e hundreds to thousands within an hour), and I need a server that can handle that kind of traffic. So right now, I am barely breaking even.

I have two other sites that get regular 100-200 visitors through search engines, but don't make much from those either.

Blogging can make money, but it takes a lot of time to get to that stage. Also, you need to be in the right niches to make a lot.

you are either not monetizing well or your traffic are bots. You should contact companies and ask to sell them ad space as you get 50k/month. Build a list if you dont already have one and start selling them.

Create affalite links for people to join up to betting sites.