Niche Marketing - Challenge Rewind
OK folks, it is time for the next phase of my Internet Marketing (IM) voyage to begin. I said that this time around, we would take the most profitable, least work intensive income stream from the first challenge and apply it full time to the next one. That turned out to be the Niche Marketing On Crack blogs. Since I am not a person who thinks only of short term objectives, I will also take the niche websites I built in the first challenge and create an exclusive membership site with them. I looked into this and over at various forums, even in WSO’s (WarriorForum Special Offers), each non-exclusive website was at least $27. Most started at $39, even at that level it was reasonable. Now I will offer 2 complete niche websites each and every month. I am thinking of pricing this membership at $37/month for the readers of this blog and members of the WF. Please feel free to comment about the project. This membership site will differ from others in that I will offer hosting, site editing, tutorials on how to actually make money with the websites, tutorials on website flipping, etc. All this will be worth many times the membership price. I am trying to help you all make money. If you keep up with the membership, you will eventually have a nice monthly income. How long it will take depends on how hard you promote your sites.
I will get back to the main part of this challenge. As you know from the last phase, I made around $230 from the two blogs I created using the Niche Marketing On Crack method. Let’s set the bar pretty high this time. My goal is to create 2 niche blogs and promotional articles each day! Whew! I will also change the rules a little. This time, I will only count weekdays when counting the challenge time. Since I do not work on weekends, it is not fair to count them when counting elapsed challenge time. I hope you will not hold this change against me.
OK, so to recap, I will create 2 Niche Marketing On Crack blogs each day of the challenge. If they perform as well as the first two, the maximum profit would be 90 x $135 = $12,150. Now I have to say that the blogs created at the end will not have time to get to profitability so a more realistic number would be around $5000. That will satisfy the $5000 in 45 day spirit of the blog. Also, as to costs, all we have is 90 domains times $9, or $810. Actually, that’s a lot of cash! Hopefully, we’ll get some startup capital from our new membership site (shameless plug inserted here). Also, it is helpful to note that we won’t be registering the domains all at once so the even distribution of expenses should help a lot. Well, wish me luck. Oh, I will be creating a list for all you 5000′ers to join. Everyone who signs up will get insider info on which niches I am targeting, so it will be well worth subscribing and you won’t get bombarded with emails on the next great guru launch, I promise you! Well, wish me luck!
TomG.
Alright! Rooting you on Tom. I bought NMOC so I might be following your challenge as inspiration
Thanks Jenn, NMOC is great, when I get the list thing up and running, join and I’ll send you a list of potential markets to play with.
TomG.
As someone who’s been successful with NMOC I wouldn’t really recommend doing as much as 2 blogs a day.
Here’s why:
Yes, it’s possible to do 2 blogs a day, but realistically what will they be worth at the end of the 90 days? Without promotion all you will have is 90 bare bones blogs, unlikely to be earning much. It would be VERY difficult to really nurture that many sites to make them a medium to long term endeavour (unless of course you were to outsource).
I’ve never kept more than 5 blogs on the go at a time (I ditched many along the way that didn’t work) - but out of the 5 I keep I usually get an income of $5000 a month, consistently. I monitor them daily to make sure they’re on page 1 of Google and performing well, but I do very little promotion after the initial day or two I spend on start up. Sometimes I sell one for some instant cash and I’ve made up to $7000 on a sale of an NMOC blog.
I think to make a decent blog AND promote it with social bookmarking, web 2.0 and articles it would take at least 2 days per blog.
Feel free to disagree though
Your work ethic and goals are very admirable and I’ll be keeping an eye on your blog. Good luck, I hope you succeed
Hamida,
Wow, that is impressive! I have to say that maybe you are right. I am going to see how this will all play out. I can build the blogs fairly quickly. I will use the same templates for related products. I have all the plug-ins ironed out. I will use outsourcing if necessary for some promotional articles if I am falling behind. I have a secret weapon, though. Here it is: awesome text to speech software
TomG.