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| Business & Financial Career, work, money, income generation, personal finance, investing, debt, wealth, abundance, entrepreneurship, sales, marketing, SEO, commerce, economics, blogging, podcasting |
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| | #31 (permalink) | |
| Senior Member Join Date: Jun 2008 Location: Auckland, New Zealand
Posts: 636
| Quote:
The good thing is SBI has such a superb system in place that if you really work hard, you have a good chance of succeeding and being able to live off your website. That I can say for sure. I believe that if you aren't making good money with SBI within a year, then you aren't following the instructions clearly enough... or you haven't put enough time into it. Every niche is different but SBI lays down the rules for a profitable niche early on so you don't mess it up. That's how it keeps you on track, every step of the way. Making money is the final step (day 10) and that really should come naturally once you have all your other ducks in a row Good luck with your site - will you tell us your URL once you have it running? The SBI forums are very, very useful but our little SBI community here is also pretty cool. I actually think we are more business minded than the average SBIer so you get a lot more interesting feedback. | |
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| | #33 (permalink) | |
| Senior Member Join Date: Sep 2009 Location: Montreal, Canada
Posts: 193
| Quote:
I'm feeling like SBI will cut a lot of time off the top of my start up. I've been thinking about launching an online business for a few months now and the idea has all been rather daunting. I saw SBI a few times but never put much thought into it, not until recently anyway. I have a few niches in mind, all rather centered towards Chinese art and/or tea. I'll throw a few ideas into the Brainstorming software they have and see what comes up. Newmark, thanks for the reply. That's good to know. Are you an SBIer? Last edited by ouyang; 05-25-2010 at 02:11 PM. Reason: A few wee mistakes in spelling! | |
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| | #34 (permalink) | |||
| Family Member Join Date: Sep 2008
Posts: 2,950
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Of course, I think most of them still manage to make some sort of profit from their site, especially if they don't give up if their first year or first website isn't amazing. On the topic of choosing the wrong website name or niche and having to start over. Well, I chose the wrong niche three times! My first website is my acupuncture website. I basically chose that because "the numbers looked good" and not because I had any amount of passion for it. I realized a few months in that I didn't have the passion for acupuncture to devote myself to the website, although I do have a passion for money My 2nd website, well I made the mistake of starting an SBI site that would be my "blog" - or something. I basically had no idea what I was doing, and went against everything they say at SBI on how to choose a niche. I wanted to "brand myself" but quickly lost my passion for that after realizing I had chosen the wrong idea to build a website on. I decided to ask for a refund from SBI on this website and gave it up altogether. My 3rd website, my business website. Well, I DO have a passion for business, which is why I'm keeping this one alive. The only problem is that my work with SBI is my only real business experience, which so far doesn't really give me any "gusto" to back up my writing. The website homepage has gotten a page rank of 3 though, so if I could find some legitimate advertisers I think I could at least make the SBI subscription pay for itself by selling links. (btw - SBI warns you not to sell page rank as per Google's guidelines. In this case I wouldn't mind selling links simply because I don't have much to lose from my business website anyways. It is sitting at like 10 visitors per day) And finally, my 4th website. Well, I haven't made it yet! I bought the subscription for my business website on their Christmas special, which I believe they do every year. The special is "buy 1 get 1 free", so I have a bonus SBI subscription sitting around waiting to be activated. I have been searching for a new niche to use it on, but so far can't find anything I am really passionate about. Still searching... (btw, SBI has a lot of specials on holidays throughout the year. Not sure when their next one is, but they often give deals like "buy 2 subscriptions for $400" or something like that. I believe the "buy 1 get 1 free" is only at Christmas, but not sure. Also, you only get the 1st year free on the 2nd site, in case you were wondering) Last edited by Curtis2011; 05-25-2010 at 04:09 PM. | |||
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| | #35 (permalink) |
| Senior Member Join Date: Sep 2009 Location: Montreal, Canada
Posts: 193
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Hey Curtis, thanks for taking the time to write such a lengthy reply. It was really nice to read about the learning curve that you went through. So from all the sites, ideas, time and money that you've been through what would your biggest pieces of advice be to offer to someone just starting off in SBI?
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| | #36 (permalink) |
| Family Member Join Date: Jan 2009
Posts: 1,973
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In reality, everything depends on your goal, and your strategy. If I was starting over again, I would not go with SBI, but that's because I have experience, and I am aware of what I want to create now. Back then, I didn't, well I thought I did, but now I realize that I didn't. I am glad that I went through that experience though, because it showed me my strenghts and my weaknesses, and this is invaluable. Who is SBI for? IMO it is for people that want to make money from adsense and from affiliate marketing and that don't want to waste their time with HTML, and all the other BS that you have to know to create a site. If you simply want to make money with SBI, IMO pick a niche that has to do with health, relationships, and/or money, and after creating about 30 pages start putting adsense on the pages and links to affiliate products, like e-books, DVDs, etc., on EVERY PAGE of your site. and then make sure to go back to the first 30 pages put the adsense and the affiliate links, and then just continue to put adsense and affiliate links on the other pages that you create. the most important thing, and this is VERY IMPORTANT, is to write information that is incomplete, and you have to do this CONSCIOUSLY and be AWARE that you are doing it and why, because your "main goal" is to get the customer interested enough that he clicks on your adsense ad, or your affiliate link, and this can only be created when you have given him enough information to create the DESIRE, but not enough that there was a sort of RESOLUTION of the tension that built up while he reads your article. If you can't do this, then your income will be quite low, but if you can, and continue to do this, you can make a killing with an SBI site, and this is how the majority of the people that are "CRUSHING IT" are doing it! ...Gary Vaynerchuk is famous for that saying of crushing it, and if you never saw his video, where he talks about passion...then you should: YouTube - Web 2.0 Expo NY: Gary Vaynerchuk (Wine Library), Building Personal Brand Within the Social Media Landscape and maybe even watch the other videos where he talks about what it's all about in reality!!! |
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| | #37 (permalink) | |
| Family Member Join Date: Sep 2008
Posts: 2,950
| Quote:
You have to pick a niche where people are already BUYING stuff, so you'll know that they will buy from you if you hit the nail right with your marketing or sales page. With my acupuncture site, well I basically went in blind. Of course, at the time I was just getting interested in online business and had absolutely no idea what I was doing. From what I can see, I am literally the only person on the internet selling "acupuncture charts" in a downloadable ebook (probably because there is relatively little demand for it I am trying to find a new niche that has a lot more potential than my current one. I am thinking of something to do with weight loss or maybe muscle gain in particular, since I am actually interested in that topic lately. (I would love to be an affiliate for P90X, since I actually use that. But they don't have an affiliate program! I think the hardest part is finding a niche that is profitable, but that you are actually motivated to write 100+ pages of content about the topic. If you can write 100 pages of SEO'd material for your website on a topic, you can get a good chunk of traffic. Once you have the traffic, it's almost impossible to not make some amount of money. Last edited by Curtis2011; 05-28-2010 at 01:26 AM. | |
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| | #38 (permalink) |
| Senior Member Join Date: Jun 2008 Location: Auckland, New Zealand
Posts: 636
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Absolutely, a good niche can make or break your site. To choose lucid dreaming, I used SBI's Brainstormer module. Worked a charm. I really was going to doing stock market investing instead, but SBI made me realize my passion for lucid dreaming was stronger. To choose natural vision improvement, I reverse engineered the process. I started with an excellent product and then figured out the keywords and supply/demand stats. That's mainly why I only sell one brand on the site. The whole concept was product-focused to start with, instead of content focused. I will definitely do this model again. To choose Shelties... that was easy. It was entirely passion driven. Then I researched it and found Shelties are way popular in America, so the numbers were there. Competition among my female-driven audience is also thin. It may not be as product driven but the traffic and community on Facebook is growing rapidly - AdSense will be a good earner for this one. |
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| | #39 (permalink) |
| Member Join Date: Jul 2009
Posts: 70
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I have yet to monetize my SBI site, however as a side-result of setting up the site, I have generated income to cover the monthly fee. I sent some of the cartoons I'd drawn for a page off to a local magazine and, bingo!, I'd made my first income from cartoons. It's just a start, but I found it very motivating and will continue to provide a little extra income per month. As I continue to work on the site I am forced into a regular drawing schedule, which is very good for developing my drawing skills as well as learning about sites/business through SBI. All-in-all, it's been a great learning experience so far and lots more to come (including income I hope!) |
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| | #40 (permalink) |
| Senior Member Join Date: Sep 2009 Location: Montreal, Canada
Posts: 193
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Hey Curtis & Rebecca thanks for the advice, I'm going to heed it and spend some extra time thinking about the right niche for me. Rebecca, it was also quite interesting to hear about the process of choosing your different site concepts. I signed up for SBI three days ago and am really enjoying the process so far, I find the Brainstormer tool already worth the $30.00 it cost for the first month. My niche seems to be a good one but I still need to take it through a few more days of analysis apparently, so I'll see what happens. I'm in no huge rush... although there is something about registering my first "proper" domain name that makes me feel excited. Rob, nice to hear from you and best of luck in the future with your passion and income streams. |
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| | #41 (permalink) |
| Member Join Date: Jul 2009
Posts: 70
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Hi Ouyang, thanks for the comment. Welcome to SBI! Take your time with the analysis. I can definitely understand the thrill of registering your first domain name, but make sure you choose the right one. When I first started with SBI I rushed into things without taking my time with the Action Guide, as a result of this I later had to change my domain name. Remember the way of the tortoise that is frequently referred to. It's probably a good idea if I review the AG again, to make sure I'm staying on track. Anyway, enjoy the process! |
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