As much as I like to talk about saving and investing, the most lucrative way I’ve found to improve your overall financial situation is to simply earn more money. While making a side income might be an impossible task for some, I’m here to show you that it is in fact possible if you put your mind to it.
Especially if you’re a blogger (like me) or even thinking about starting your own website, then you’ve got a wealth of opportunity sitting right in front of you. You just have to be willing to be an entrepreneur and work your way at it.
This month my collection of niche websites took me by surprise in terms of earnings. I had a huge bump in revenue – and from a place I never expected (but warmly welcome)!
Here’s what I’ve been up to in September with my portfolio of websites and what I’ll be working on next.
Niche Website Income – September 2014:
Here is my stats and online income report for my website collection for September 2014:
Overall – not a bad haul for September!
I’m proud to say that pretty much all of this income came from affiliate sources this time – which is EXACTLY the direction I’ve been trying to steer this ship. Don’t get me wrong! Getting paid for direct private advertising is nice and all. But I’m starting to realize just how awesome and lucrative affiliate income really can be. If you don’t think so or haven’t had much luck with it, check out how a big portion of my income this month came from a very unlikely source.
NS2 and Clickbank – Who Knew They Were Perfect Together?
Last month when I talked about how I was going to give affiliate marketing a try with Personal Capital, I also mentioned that I was going to test out a few other affiliate products.
One of the places where I tried this was with an old standby – Clickbank. I’ve had a Clickbank account for about as long as I’ve owned My Money Design. It was one of the first affiliate sites I read about in the book Problogger and it seemed like a really good way to passively earn an income.
The problem however was that I never had much luck with it. And that was all my fault. I had no traffic, no audience, so I’m not really sure how I was ever really supposed to expect any sales or income. So for a long time I simply gave up on using it.
Man, how that changed this month.
Right around the same time I had mentioned that I was going to start digging deeper into affiliate advertising, my friend Matt from Dumb Passive Income sent me some friendly advice on how I could better monetize one of my niche sites (NS2). One of his suggestions to add a few products from Clickbank validated something I had long been considering for the website. You see when I had originally built NS2, one of the things I had planned to do with it was use it as a platform to promote and test lots of different products. But for whatever reason (probably too preoccupied with other niche website projects) I had never gotten around to it.
Well, last month that finally changed. I put 3 links to affiliate products, and out of that group one of them caught on fire! With nothing more than a simple text link that says “click here”, visitors were enticed enough to click-through and purchase the product that was being offered. I receive a base commission of around $25 for each purchase. Plus the product has a few up-sells so there is some potential to earn even more. I’ve got to say I’ve never seen anything on any of my sites convert so well!
As you can guess, this is just more fuel for the fire. I’m now even further encouraged to test and explore other affiliate products – whether they are from Clickbank or other sources. Currently I’m in the approval process phase with another affiliate agency and should shortly have more targeted options to promote.
What Happened to Promoting the Personal Capital?
In my last post I got on this whole affiliate income tangent by signing up for a publisher account with Personal Capital (you can sign up for one too here if you’d like to promote them).
So how did that all work out for me in my first month?
In a word – slow. Here are the results thus far:
Do you want to know what’s sad? That one conversion was from me.
So does this mean I give up on the product? Hell no! Not at all.
What it means is that I need to modify my strategy. All through September all I did to promote this product was simply put a banner ad in the right sidebar. Since that didn’t seem to produce the result I was looking for, I’m going to have to up the ante.
Therefore throughout October I’m going to change this up by adding a little bit of promotional content to specific, targeted posts that are already receiving a decent amount of traffic. We’ll see if using in-content advertising works any better or worse.
Turning NS1 Into an Authority Site:
In case you don’t follow SEO news, a lot of other website owners saw their earnings go down HARD due to Google’s new attack on private blog networks (PBN’s). Fellow blogger Jason was making $9,000 for the month before he got hit. For a lot of webmasters, PBN’s were the primary way to quickly get links to their sites and building up their rankings fast.
Fortunately for me this isn’t really a practice I’ve ever messed around with or invested too much time or money in. So my websites (and more importantly my income) was spared from this latest Google update.
What does this mean for the future of niche website building and money making? Probably the most notable person to take a stance on this issue is Spencer from Niche Pursuits. In his wildly controversial post where he takes a stance against no longer using private blog networks, the new strategy he promotes is actually a very old strategy – to simply create large, high quality authority sites that naturally garner links and respects from readers – period.
I’ll be very eager to follow along with that strategy and see how it does it since that is exactly the direction I’ve been trying to go with my biggest niche site NS1.
NS1 has all potential in the world to turn into a true authority site. It already has over 80 pages of content on it. My goal is to get it over 100. I’ve got a short list of targeted keywords I found using Long Tail Pro and I’m working with and for this go-around I’m writing the content myself to ensure that it gets written to my standards of quality. Even though that slows things up a bit, I feel good about it because I’m drafting the posts exactly in the way that I want them to be (keyword density, use of keyword synonyms, choice of external links, etc).
What do I hope to get out of this? Hopefully 1) more traffic and 2) more affiliate income. Its simple math that the more pages you have the more opportunity you have to rank within the Google search results. And if I can double my traffic, then perhaps I’ll also be able to better promote some of my advertising.
We’ll have to see how this goes over the next few months. But I’m optimistic that the more good content I pour into the site can only result in good things.
Finally – Trying Something New for NS3:
If you remember, last month I decided to dust off NS3 and try to revive the site with some new and fresh content. But I ran into some trouble – the writer I hired decided not to write anything – I received no content.
Fortunately that didn’t last long. I found a new writer within my budget, and she has been sending me a few new posts to review and post to the site. So slowly I plan to double the amount of content on this site and hopefully give it a second chance at making some sustainable income.
More Content for NS4:
In between everything that I’ve mentioned here, one other thing I’m working on is adding new content to NS4, my music site. Again, similar to NS1, I’m writing everything myself as of lately so the process is going very, very slowly.
However, that might change. My priority for this one might increase very quickly since I’d really like to make sure this website is in good standing in time for Christmas. After all – it is an Amazon monetized site and you’re going to want to make sure that people find it as easily as possible. Folks like to spend like mad when shopping online during Christmas time!
Experiments:
Whether I write about them or not, I do a lot of experimenting with my sites. So one new thing I wanted to try out here in these niche website updates was to talk about what’s been working for me and what hasn’t.
Here are just a few of the things I tried in September and their results:
Write better meta descriptions – MIXED. This strategy was simply common sense. How many times do you search for something in Google and skip right over it because it had a poor title or boring description underneath it? Me too.
What I tried to do here was take my top 10 posts on NS1 and re-write the meta description so they were more “actionable” and catchy. Unfortunately however when I compare those posts month to month, I find that their popularity actually went down.
Rather than call this a complete failure, I do believe there is some merit in paying attention to your meta descriptions and making them more catchy than simply coping and pasting the first two lines of your article content into them. So even though there were no dramatic improvements, I’m still going to be conscious of doing this going forward.
Target 2 keywords in a single post – FAIL. I had read about this strategy on NoHatDigital and thought it would be a neat trick. Realistically when you write a blog post you almost always rank for more than just your intended keyword. So I thought “why not try to rank for two that I really want”!
Unfortunately the one post where I intentionally tried this failed. One of the keywords made it as far as page 5 in the Google search results while the other one was lost in the Goolge abyss to never be found. I’m totally willing to accept that perhaps this is more of a function of my on-page SEO.
Link silo-ing – FAIL. Another trick I’ve read about more than once now (and was suggested to me from Glen at Monster Piggy Bank) was to try silo-ing my links. As I’ve read, there are many theories on how to properly do this. To give this a fair shake, I went back to my smallest website NS3 and rearranged all the internal links so they were category specific and waited to see if it made any change in the Google rank results. Unfortunately there didn’t seem to be any improvement for the site. However I will probably continue to mind this strategy going forward when I do internal linking on any of my sites. The idea just seems like good common sense.
Readers – What was your September income like? Did anyone get hit by the private blog network penalty?
Image courtesy of FreeDigitalPhotos.net
Holly@ClubThrifty says
Great job on the extra income! I am glad to hear your affiliate links are working well- I think every blog shares that goal =)
MMD says
Thanks. I’m three years in to the whole online income thing so I’m glad to see that it’s FINALLY working out. 🙂
Michelle says
Wow awesome job! September was a great month for me, but I still need to work on affiliate income. It’s a long process!
MMD says
Thanks, but I’d gladly take that $15K you made over my small success 🙂
Jason says
Haha, yup. Several thousand in passive income down the drain. Not cool, Google!
Great to see your sites are still on track. Especially NS1. It looks so much different from when I first took a look. Better looking and better monetized.
Grats on making Clickbank work. I’d try to maximize profit from that income source first for sure.
MMD says
Thanks Jason, and I’m glad to hear the positive perspective from someone who saw the site when it was first under development. I’ve tried a lot of different things and worked really hard to make it look like a place that people would want to visit.
Grayson @ Debt Roundup says
Nice work on the affiliate offers. I have tried to promote personal capital, but just haven’t really pushed it to the limits. I provide them with many clicks, but there is little conversion. I try and test affiliate links all month long until I find a product which converts. That is the entire point.
MMD says
I’ll probably give Personal Capital a few more targeted efforts and see where it goes for at least a few more months. But if I don’t get any more conversions, then I’ll go with something different.
Richard says
If you don’t mind me asking; how did you actually promote the product on your site? Is it a text link within the body of an article? Is it in your sidebar etc.? Just wondered if you could tell us a little more about how you’re promoting that affiliate link…
MMD says
No problem! The site is really nothing more than a giant list of ideas for making money on the side. What I did was simply insert the affiliate link into the last sentence of one of the paragraphs that was related to the product. That’s all there was to it.
Pauline says
Well done! NS2 is really thriving. I find it impressive considering the relatively low number of posts you have on those sites.
MMD says
Thanks Pauline. But what’s funny is that I actually feel like each of the sites should be doing a lot better based on the number of posts I have on them. For example, a lot of the other niche site builders who have sites the size of NS1 seem to making a ton more than I am from just Adsense alone.
Alexa says
Way to go! $1,200 is awesome!! Right now I’m working on ad network income. In my opinion it’s sooooo much better than direct advertising. I’ve bee experimenting with Pinterest and managed to increase my traffic by about 3,000 pageviews last month. So hopefully I can keep that trend and ideally move ad network revenue to $1,000+ per month.
I’ve checked out clickbank but I never really found anything I felt comfortable promoting. At least no on SMI.
MMD says
Wonderful job with Pinterest! I’ve noticed a lot of people are claiming that they’ve seen some success with Pinterest traffic. Perhaps there’s something there worth looking further into.
Financial Samurai says
Good stuff! What particular stuff are you talking about via Clickbank? I just use CJ, LO, and FO.
Sam
MMD says
The product that generated all that income is really nothing more than a database of links to sites that do paid surveys. The buyer pays a one-time fee to access the database. I wrote the owner of the product and checked it out after it made its first sale because I wanted to know better what I was promoting.
Kim says
Great job on the affiliate income and with all your “passive” websites. That’s what we all hope for.
MMD says
Thanks! I am excited to see my income generating tactics finally going in the direction I was hoping.
Jon @ Money Smart Guides says
Great job with the affiliate income!! I have been looking into new products on CB to start promoting. I have to find some ways to work them into posts to hopefully start generating some income on my niche site.
MMD says
Here’s what I did and found works: Go to your Google Analytics page and look back at which posts get the most hits. Then try to incorporate the CB products there. That way you’ll already have a natural flow of traffic to work and test on.
Calin says
Wow, you’re doing great with ClickBank! I had some decent success with it as well a few years ago, but I’ve been ignoring in the past. I’ll have to give it another try now 🙂
I too believe that going authority is the only way to go when it comes to building websites nowadays and I am pretty sure that soon the practice of people having hundreds of websites will be gone, and that will be a good thing, as it opens the room for more people to join in and reap on the benefits.
MMD says
Only the strong (and high quality content) shall survive!
Jayson @ Monster Piggy Bank says
I am amazed and motivated. I have expected that much, what affiliate links can offer. I think I have to do more and push myself to the limit—to get same results. 😀 Great job!
MMD says
I was surprised as well. It just makes me want to test and experiment more to see what else can add an extra $400 to my income per month.
Jayson @ Monster Piggy Bank says
$400 is too much. I know you can pull it off. Goodluck MMD.
Matthew Allen says
Glad my suggestions worked out for you. And thanks for crediting my advice in this post. You can send my half to me via Paypal 😉
I use CrazyEgg to visually monitor clicking behavior on my sites – and I’ve noticed that in-content text links outperform sidebar or image links by far. So it doesn’t surprise me that your “click here” is working so well. Always have to keep in mind what the readers intent is. Why are they reading your article in the first place and what are they looking for. If you can find affiliate offers that help answer that, it’s win win win all around.
MMD says
I’ve seen your CrazyEgg heat maps before on DPI and I agree – it is really interesting to see what kind of clicking pattern the readers make as they scroll through your site. You might think to yourself that your layout is completely optimized, but then you’ll find out that your readers are clicking some place else completely.
Kayla @ Femme Frugality says
I like how you go into more details on how you earned this income and things you’ve tried and why. It’s great to hear for those of us who are just looking to get into earning income from our blogs (passively). Thanks for sharing!
MMD says
Thanks, and that was completely my intention. I want to share with you what is working (for me at least) and what isn’t. I’ve had more good come from sharing these secrets and communicating with like-minded individuals than I ever would if I were hording all this information to myself.
Glen @ Monster Piggy Bank says
Sorry the siloing didn’t work out mate, I have had quite a lot of success with it on my niche sites, but I must admit that I haven’t ever tried to retrofit a site.
MMD says
I still think it was a great suggestion. Logically it makes sense! I wonder if NS3 was a bad specimen to test it on since the poor site might just be too far gone into the Google abyss.