Skip to content
Chap 1: Intro
- Four paths of wealth online
- 1. Content-based business monetized thru Ad
- How to make $10K/month
- If CPC
- Assuming CPC, $1/click * 10K customer clicks per month = $10k per month
- If Avg 3% CTR, need 330K visitors per month
- If 1% CTR, then one million customers
- If CPL (a sub-type of CPA)
- If $10/signup, then 1k signups needed, assuming 1% CTR, then 100K customers, 10x easier than 1million customers
- 2. Service-based business
- Writer agency / SEO
- Assuming you’re writer, $4 buy article, $6 sell article, profit $2
- If SEO agency
- Then $1-5K per client per month, need 10 clients
- But it’s not easy to get clients to pay 1K lol
- 3. E-Comm business selling physical products
- If selling $200 product with 50% commission, then $100 per product sold. If 1% conversion rate, then 10K visitors to make $10K per month
- 4. Content-based business selling digital products
- Digital products: profit margin high, but time & energy needed to create it
- Two variables: num customers, dollar per customer
- Free vs. Paid traffic
- Three key skills (need at least one skill)
- Get most money per traffic – conversion optimization
- Inexpensive high-quality labor – service based business
- Inexpensive high-quality products – E-comm + physical product
Chap 2: Mindset
- No get-rich quick, maybe profitable in 12-18 months
- High competition niches : a longer journey
- Add extra 6~8 months to be successful
- Evergreen niches:
- Health, Wealth, Relationship
- Set goals which you have control – task oriented goals not dollar oriented goals
Chap 3: Niche
- Author’s attitude for niche select: niche you like which you can provide most value for audience
- Broad Niche vs. Narrow Niche
- Broad niche to narrow niche
- Broader niche bigger revenue cap
- Too narrow niche : how many can you really write on the topic
- Good niche – can identify 50 diff article ideas to be digged into
- Buying Audience
- buying vs. freeloading
- Niches that people never buy:
- Song lyric websites
- Daily quote websites
- Good example:
- E1: Private Problem – people not discussing with family & friends to solve it
- E2: Emotionally charged Problems – pet’s in pain, relationship woes etc.
- E3: Product related searches
- High-priced product especially good, people do more research, more value you add, more likely they buy through you.
- Not just final solution
- Intermediate tools also good
- Competition: a little competition is a good thing
- Why good? Sign money can be made; Can learn from competition;
- But when oligarchy : 3~5 famous/established heavy hitter, very difficult
- Example : Amazon / or Health.com, WebMD.com
- Internet Marketing Economics
- unit profit margin for marketer
- Free trials
- Good vs. Bad Niche
- Women’s clothing – bad : too broad, generally too cheap (<$50)
- However: Women’s athletic clothing better
- Dachshund Discectomies: good niche
- Meaning: Some kind of dog’s surgical procedure
- Narrow enough + emotional time
- Monetization: pet insurance, products that help pet recover from surgury.
- Best phone cases – bad : too cheap (most of them) + not much to write about
- Alternative: broaden topic to include phone insurance / replacement / protection / repairs
- Drone Review – good: High priced
- Tattoo Removal: Good Niche
- A lot of info in the process
- Difficulty is how to monetize this
- Maybe create a EBook
- Or sell leads to clinics
- When to move on
- Fail early, fail fast, fail often
Chap 4: Website
- Domain
- Exact match domain – no longer the case
- “.com” is better for ranking
- DONE – is author affiliated with bluehost?
Chap 5: Keyword Research
- keyword research is important
- Pick Scrap – target low volume keywords
- Even the ones with <100 search per month
- Steer clear of marketer who only target > several K search per months keywords
- Keyword to content
- Keyword metrics
- At least 30 search per month
- Low-competition preferred
- Qualified vs. Unqualified traffic
- Free Keyword Tools
- Best Free: Google Adwords Keyword Planner
- MozBar
- PA / DA
- Meta title & Meta Description
- Heuristics using free keyword tool
- Comfortable with “keyword not in meta title” and PA ~20s
- Paid Keyword Tool
- Majestic Metrics
- Long tail pro
Chap 6: High-quality Content
- On-Page SEO
- Insert keyword into title, meta title, meta description, URL slug
- Yoast SEO – focus Keyword
Chap 7: Get Traffic
- Paid Traffic
- PPC – Book Advanced Google Adwords (Brad Geddes)
-
Chap 8: Conclusion
- Monetization
- Dropshipping – physical good conversion rate typically 0.5-1%
- Author recommends thinking about monetization once 75-100 visitor per day
- For digital products, at least 200-300 per day, personally 700-1k per day
- Value Ladder / Upsellser