In my eager haste to get this blog started, I neglected to mention in the inaugural entry that I do have a very small amount of start up capital. Not a lot, mind you. About $100. And to clarify another point, the $25 000 target is $25K gross. I plan to rake in that amount over 12 months. How much of that will remain at the conclusion of the 12 month period, after deductions for domain registrations, hosting, and perhaps buying a small site here and there, who knows?
My recent research has focused on the world of CPA marketing, where, essentially, targetted traffic is converted in to money through affiliates programs and sales. I see this as a very viable and promising long term earning mechanism. However, with so little start up funds, it might be a month or two before I am able to bring the components together.
A very simplistic schematic of how it works is given thus:
- Register a domain and create a site in the particular niche in which you plan to compete (diligently researching the niche will be tantamount with so little start up funds available);
- Optimize the site as much as possible to maximize the potential for organic SE-traffic;
- Research and sign up for the best paying affiliate programs with the chosen niche (invariably, the sign-up process entails you having a working site); concurrently, commence a link building campaign for the site;
- Once accepted in to the affiliate programs, introduce the ads to the site; all the time continue to engage in link building and organic traffic accrual efforts;
- Once the site is stable and you think you have maximised its impact to the new visitor, begin to look in to traffic generation programs such as Google AdWords;
- As traffic grows, you should begin to see affiliate referrals and sales occur, if only in very small numbers at the outset;
- Bank the cheques! (And possibly reinvest the money, or a portion of it, in acquiring greater traffic.)
Of course, this is an overly simplistic view of the situation. However, as we tip-toe in to the world of CPA marketing, this broad sketch will acquire greater detail and richness of colour and, who knows, we may well end up with a masterpiece on our hands. More to follow.
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